Heritage Affordable Communities

Heritage Affordable Communities NYC portfolio

$82.6 million -elevator 50%, specialty 26%, walkup 15%; Bronx 65%, Manhattan 34%*

1681th largest portfolio by dollar value

545,219 sqft – elevator 73%, walkup 16%, specialty 5%; Bronx 72%, Manhattan 27%

782th largest by SF

19 properties – Manhattan 68%, Bronx 31%

539th largest

635 residential units – Bronx 74%, Manhattan 25%

496th largest by residential units

Company Activity past 24 months:

Buyer company: 1 for $8 million

Borrower company: 2 for $30.7 million

Top Ten Associated Companies:

NYC Housing Development Corporation (2), Greystone & Co. (1), Berkadia Commercial Mortgage (1), NYD Department of Housing Preservation and Development (1), Customers Bank (1)

Top Ten Associated People:

Ruth Moreira (1), Emma Robinson (1), Sandra Peart (1)

Recent activity as company:

• Heritage Affordable Communities borrowed $14.5 million from NYD Department of Housing Preservation and Development and Customers Bank for 2013 5 Avenue on December 19, 2025.

• Heritage Affordable Communities borrowed $16.2 million from NYC Housing Development Corporation for 1450 Clay Avenue on April 25, 2025.

• Comunilife sold 2136 Crotona Avenue for $8 million to Heritage Affordable Communities on May 08, 2024.

• Heritage Affordable Communities borrowed $7.3 million from NYC Housing Development Corporation for 246 West 116 Street on May 11, 2022.

• Richard Olson sold 246 West 116 Street for $6.3 million to Heritage Affordable Communities on May 11, 2022.

• Heritage Affordable Communities borrowed $5.1 million from Greystone & Co. for 2117 Belmont Avenue on August 26, 2021.

• MacQuesten Companies sold 2117 Belmont Avenue for $8.2 million to Heritage Affordable Communities on August 26, 2021.

• Heritage Affordable Communities borrowed $7.3 million from Berkadia Commercial Mortgage for 1973 Webster Avenue on December 30, 2020.

Properties:

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