Neighborhood Restore

(Neighborhood Restore HDFC, Neighborhood Restore Housing Development Fund Corporation, Restoring Communities)

Owner, Developer

Nonprofit

150 Broadway, Suite 2101 New York, NY 10038

neighborhoodrestore.org/contact-staff

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Neighborhood Restore NYC portfolio

$762.1 million* – walkup 69.0%, mixed-use 9.0%; Bronx 53.0%, Manhattan 40.0%

209th largest portfolio by dollar value

1,159,719 sqft – walkup 72.0%, elevator 19.0%;

291th largest by SF

86 properties – Manhattan 41%, Bronx 34%

103th largest

1,459 residential units – Bronx 66.0%, Manhattan 27.0%

153th largest by residential units

Company Activity past 24 months:

Seller company: 3 for $15.6 million

Borrower company: 2 for $38 million

Top Ten Associated Companies:

Irgang Group (14), Blackshore Realty Group (14), NYC Department of Housing Preservation and Development (3), NYC Housing Development Corporation (3), Settlement Housing Fund (2), Genesis Companies (2), City of New York (2), Samaritan Daytop Village (1), Promesa Foundation (1), ELH Management (1)

Top Ten Associated People:

Max Irgang (14), Joseph Friedman (14), Fazeela Siddiqui (2), Amelia Rideau (2), Mitchell Netburn (1), Raul Russi (1), Larry Hirschfield (1), Ismene Speliotis (1), Michael Rooney (1), Juan Barahona (1)

Recent activity as company:

• Neighborhood Restore, Banana Kelly and Community Assisted Tenant Controlled Housing borrowed $31.2 million from Ponce Bank for 51 East 129th Street and 1263 Park Avenue, East Harlem, Manhattan on January 08, 2025.

• Neighborhood Restore sold 1216 Pacific Street, Crown Heights, Brooklyn for $3.8 million to Bridge Street Development Corporation on October 21, 2024.

• Neighborhood Restore borrowed $6.8 million from NYC Housing Development Corporation for 1083-1087 Bryant Avenue, 1454 Grand Concourse, 1575 Townsend Avenue, 1245 Findlay Avenue, 2160 Walton Avenue, and others, Longwood, Bronx on October 01, 2024.

• Neighborhood Restore sold 535 East 12th Street, Alphabet City, Manhattan for $6.9 million to SMJ Development on September 26, 2024.

• Neighborhood Restore sold 21 Arden Street, Washington Heights, Manhattan for $5 million to Northern Manhattan Improvement Corporation on March 25, 2024.

• NEIGHBORHOOD RESTORE HDFC for Salvatore D’Avola filed plans for new building for 35,401 sqft in Bronx, on September 06, 2023.

• Neighborhood Restore sold 518 West 161st Street, Washington Heights, Manhattan for $6.7 million to MHANY Management on January 10, 2023.

• Neighborhood Restore HDFC sold 508 West 134th Street, Harlem, Manhattan for $5.9 million to MDG Design + Construction on December 19, 2022.

• Neighborhood Restore Housing Development Fund Corporation sold 981 Amsterdam Avenue, Upper West Side, Manhattan for $5.9 million to Genesis Companies on November 14, 2022.

• Neighborhood Restore Housing Development Fund Corporation sold 107 West 105th Street, Upper West Side, Manhattan for $7 million to Genesis Companies on November 14, 2022.