Heritage Realty

(Heritage Realty LLC, Heritage Affordable Communities)

619 W 54th St #10A New York, NY 10019

6 East 45th Street New York NY 10017

heritageaffordable.com

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Heritage Realty NYC portfolio

$68.7 million* – elevator 68%, specialty 31%; Bronx 85%, Manhattan 14%

1538th largest portfolio by dollar value

434,283 sqft – elevator 92%, specialty 7%;

707th largest by SF

7 properties – Bronx 85%, Manhattan 14%

1236th largest

504 residential units – Bronx 93%, Manhattan 6%

447th largest by residential units

Company Activity past 24 months:

Buyer company: 1 for $8 million

Seller company: 1 for $8.8 million

Borrower company: 1 for $16.2 million

Top Ten Associated Companies:

NYC Housing Development Corporation (2), Elysee Investment Corp (1), Richard Olson (1), Greystone & Co. (1), Berkadia Commercial Mortgage (1), MacQuesten Companies (1), Comunilife (1)

Top Ten Associated People:

Richard Olson (1), Emma Robinson (1), Ruth Moreira (1), Rella Fogliano (1), Michael O’Donnell (1)

Recent activity as company:

• Heritage Affordable Communities borrowed $16.2 million from NYC Housing Development Corporation for 1455 Webster Avenue, Claremont Village, Bronx on April 25, 2025.

• Heritage Realty sold 476 West 165th Street, 503 West 164th Street, 2153 Amsterdam Avenue, 520 West 162nd Street, and 524 West 162nd Street, Washington Heights, Manhattan for $8.8 million to Elysee Investment Corp on April 03, 2025.

• Comunilife sold 2130 Crotona Avenue, 950 Jennings Street, and 2111 Hughes Avenue, Belmont/Little Italy, Bronx 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 116th Street, Harlem, Manhattan on May 11, 2022.

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

• Heritage Affordable Communities borrowed $5.1 million from Greystone & Co. for 2120 Hughes Avenue, Tremont, Bronx on August 26, 2021.

• MacQuesten Companies sold 2120 Hughes Avenue, Tremont, Bronx for $8.2 million to Heritage Affordable Communities on August 26, 2021.

• Heritage Affordable Communities borrowed $7.3 million from Berkadia Commercial Mortgage for 1971 Webster Avenue, Fordham, Bronx on December 30, 2020.