New York City Housing Authority

(NYC Housing Authority)

Owner

Government

90 Church Street 5th Floor New York, NY 10007

People:

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New York City Housing Authority NYC portfolio

$23 billion -elevator 95%, walkup 3%; Manhattan 49%, Brooklyn 24%, Bronx 15%*

3th largest portfolio by dollar value

134,033,933 sqft – elevator 97%, walkup 2%; Manhattan 32%, Brooklyn 29%, Bronx 26%

3th largest by SF

524 properties – Brooklyn 31%, Manhattan 30%, Bronx 27%

4th largest

160,509 residential units – Manhattan 31%, Bronx 30%, Brooklyn 27%

2th largest by residential units

0 foreclosures, 0 bankruptcies, 8 other court cases.

Company Activity past 24 months:

Seller company: 13 for $816.5 million

Lender company: 4 for $1.5 billion

Developer (new building or major alteration): 13 for 2,494,871 square feet

Top Ten Associated People:

Karim Hutson (2), Yvonne Stennett (2), Spyridon Papakonstadinou (2), Yiannes Einhorn (2), Matthew Rooney (2), Pierre Downing (2), Simon Bacchus (2), Rick Gropper (1), Omabuwa Binitie (1), Eliezer Weiss (1)

Recent activity as company:

New York City Housing Authority ground leased Campos plaza ii houses valued at $12.1 million to L+M Development Partners and Settlement Housing Fund on February 05, 2026.

L+M Development Partners and Settlement Housing Fund borrowed $106.6 million from Citibank and New York City Housing Authority for Campos plaza ii houses on February 05, 2026.

New York City Housing Authority ground leased Bay view houses valued at $269.9 million to MDG Design + Construction on December 23, 2025.

New York City Housing Authority ground leased Corsi houses valued at $3.2 million to Vaya Development on December 18, 2025.

Vaya Development borrowed $483.3 million from Merchants Capital, New York City Housing Authority and NYC Housing Development Corporation for Corsi houses on December 18, 2025.

New York City Housing Authority ground leased Stuyvesant gardens i bldg 1 valued at $41 million to Kalel Companies and Dantes Partners on September 25, 2025.

New York City Housing Authority ground leased 1806 Broadway valued at $27 million to Kalel Companies and Dantes Partners on September 25, 2025.

New York City Housing Authority ground leased East 178 street houses valued at $77.2 million to Arker Companies on June 24, 2025.

New York City Housing Authority ground leased 3350 Bailey Avenue valued at $38.7 million to Arker Companies on June 24, 2025.

New York City Housing Authority ground leased 1201 Adee Avenue valued at $162.2 million to MDG Design + Construction, Wavecrest Management and Infinite Horizons on March 27, 2025.

Latest Stories:

• L+M, Settlement sign $12.1M ground lease, borrow $106.6M, in East Village (February 16, 2026)

• Vaya Development signs $483.3M loan with Merchants, NYCHA, HDC for PACT in East Harlem (January 30, 2026)

• MDG Design signs $269.9M ground lease with NYCHA, borrows $995M for acquisition, rehab in Canarsie (January 22, 2026)

• Artimus signs $220M refi with Bank Hapoalim for new 490-unit rental in Harlem (August 31, 2025)

• Arker signs $38.7M ground lease with NYCHA, gets $823M loan, for Bronx rehab (July 11, 2025)

• MDG, Wavecrest, Infinite Horizons sign 99-year lease with NYCHA valued at $162.2M in Bronx (April 21, 2025)

• Gilbane Inc. signs $4.9M lease with NYCHA, borrows $445.9M for renovations (January 13, 2025)

• BFC Partners signs $34M, 99-year lease with NYCHA for 634 units in Port Richmond (December 31, 2024)

• Genesis Companies, Lemor sign 99-year leases in Harlem with NYCHA valued at $112M, borrow $384M (October 16, 2024)

• Beacon Communities, MBD sign 99-year ground lease with NYCHA valued at $34.4M, PACT deal (October 08, 2024)

Court Records:

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Properties:

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