Neighborhood Restore
(Neighborhood Renewal, Neighborhood Restore HDFC, Neighborhood Restore Housing Development Fund Corporation, Restoring Communities, Restored Homes Housing Development Fund)
Owner, Developer
Nonprofit
150 Broadway, Suite 2101 New York, NY 10038
People:
Neighborhood Restore NYC portfolio
$376.3 million -walkup 61%, elevator 11%, mixed-use 10%; Manhattan 56%, Bronx 35%, Brooklyn 6%*
577th largest portfolio by dollar value
884,477 sqft – walkup 73%, elevator 17%, N9 3%; Bronx 64%, Manhattan 31%, Brooklyn 1%
536th largest by SF
74 properties – Manhattan 43%, Bronx 30%, Brooklyn 22%
104th largest
1,105 residential units – Bronx 58%, Manhattan 35%, Brooklyn 3%
302th largest by residential units
47 foreclosures, 0 bankruptcies, 0 other court cases.
Company Activity past 24 months:
Buyer company: 1 for $4 million
Seller company: 9 for $110.7 million
Borrower company: 5 for $207.6 million
Developer (new building or major alteration): 2 for 55,709 square feet
Top Ten Associated Companies:
NYC Housing Development Corporation (3), NYC Department of Housing Preservation and Development (3), Settlement Housing Fund (2), Genesis Companies (2), City of New York (2), Sterling National Bank (1), Bridge Street Development Corporation (1), HELP USA (1), Promesa Foundation (1), Ponce Bank (1)
Top Ten Associated People:
Fazeela Siddiqui (2), Amelia Rideau (2), Juan Barahona (2), Gregory Anderson (1), David Cleghorn (1), Raul Russi (1), Steven A. Tsavaris (1), Adeola Amory (1), Christopher S. Browne Sr. (1), Zhi Li (1)
Recent activity as company:
• Neighborhood Restore HDFC borrowed $32.4 million from Sterling National Bank for 351 Bronx River Avenue on September 30, 2030.
• Neighborhood Restore borrowed $89.9 million from NYC Department Housing Preservation and Development for 819 East 178 Street on March 30, 2026.
• Neighborhood Restore sold 3601 Broadway for $17.8 million to Community League of the Heights on February 25, 2026.
• Neighborhood Restore sold 204 Avenue A for $8.7 million to 204 Avenue A HDFC on December 11, 2025.
• Harlem Congregations For Community Improvement and Neighborhood Restore borrowed $56.7 million from Webster Bank for 104 West 139 Street on November 21, 2025.
• Neighborhood Restore for Salvatore D’Avola filed plans for new building for 46,854 sqft in East Harlem, Manhattan, on October 23, 2025.
• Coney Realty Group sold 726 Bay 32 Street for $4 million to Neighborhood Restore on October 16, 2025.
• Neighborhood Restore for Salvatore D’Avola filed plans for major alteration for 8,855 sqft in East Harlem, Manhattan, on September 25, 2025.
• Neighborhood Restore sold 1179 Walton Avenue for $33.1 million to Bowery Residents’ Committee on September 11, 2025.
• Neighborhood Restore sold 50 Cameron Place for $32.3 million to MBD Community Housing Corporation on June 30, 2025.
Latest Stories:
• Community Builders signs $68.4M construction loan for 89 units in Far Rockaway (October 31, 2025)
• Khaloyan Kapital pays $12M to Madison Realty, partner, for 11-unit walkup in NoHo (July 17, 2025)
• $76M pre-foreclosure filed at Madison Realty portfolio with rent-regulated units (March 03, 2025)
• Nonprofits trade 5-unit walkup in Crown Heights for $3.8M (October 22, 2024)
• MDG Design + Construction pays $5.9M for 16-unit walkup in Harlem (December 20, 2022)
• City Skyline pays $7.5M to East Coast Holdings for three walkups in East Harlem (August 15, 2022)
Court Records:
Properties: