NYC Housing Partnership

NYC Housing Partnership NYC portfolio

$198.7 million* – elevator 95.0%, W2 4.0%; Bronx 62.0%, Brooklyn 37.0%

781th largest portfolio by dollar value

387,066 sqft – elevator 96%, W2 3%;

770th largest by SF

4 properties – Brooklyn 75%, Bronx 25%

1865th largest

480 residential units – Brooklyn 53%, Bronx 46%

469th largest by residential units

Company Activity past 24 months:

Buyer company: 1 for $7.2 million

Borrower company: 2 for $55.6 million

Top Ten Associated People:

William P. Henson (1), B. David Schreiber (1), Amy Jesperger (1), Greg Maher (1), Radame Jose Perez (1)

Recent activity as company:

Spencer Equity Group and NYC Housing Partnership borrowed $48.4 million from Berkadia Commercial Mortgage for 3528 Mermaid Avenue, Coney Island, Brooklyn on March 24, 2025.

James Equities and NYC Housing Partnership borrowed $7.2 million from Leviticus Fund for 1377 Brooklyn Avenue, East Flatbush, Brooklyn on June 11, 2024.

Cristo Rey Brooklyn High School, Roman Catholic Church and Diocese of Brooklyn sold 1377 Brooklyn Avenue, East Flatbush, Brooklyn for $7.2 million to James Equities and NYC Housing Partnership on June 11, 2024.

Radame Jose Perez sold 656 East 176th Street, Tremont, Bronx for $903,861 to NYC Housing Partnership on July 18, 2022.

NYC Housing Partnership sold 1965 Lafayette Avenue, Unionport, Bronx for $43 million to Yechiel Newhouse on December 03, 2021.

NYC Housing Partnership borrowed $17.7 million from Rockrose Development for 663 Classon Avenue, 649-651 Classon Avenue, 643 Franklin Avenue, 667 Classon Avenue, 872 Bergen Street, and others, Crown Heights, Brooklyn on July 27, 2021.

NYC Housing Partnership borrowed $50 million from SunTrust Bank for 5319 6th Avenue, 5213 6th Avenue, 5211 6th Avenue, 5209 6th Avenue, 5207 6th Avenue, and others, Sunset Park, Brooklyn on December 09, 2019.

NYC Housing Partnership borrowed $7.9 million from SunTrust Bank for 217 55 Street, 213 55 Street, 558 50 Street, Sunset Park, Brooklyn on August 08, 2019.

Latest Stories:

• Affordable developer James Equities pays $7.2M for former dorm in East Flatbush (June 12, 2024)

• Permit issued for 153-unit affordable project in Tremont (November 14, 2022)

• Mastermind Development signs $66.9M construction loan for 153-unit project in Tremont (July 19, 2022)

• Yechiel Newhouse pays $43M to NYC Housing Partnership for rental in Unionport (December 06, 2021)

• Black Spruce signs $21M refi with Sterling National for 14 properties in Crown Heights (November 15, 2021)

• All Year sells Crown Heights rentals for $22.1M to affordable housing venture (July 28, 2021)

• Starrett borrows $31M from Capital One for property in Bronx (December 22, 2020)

• Joshua Siegel files plans for a 101K sf residential building in Bronx (May 08, 2020)

• Fairstead, NYC Housing Partnership borrow $50M from Suntrust Bank for multifamily property in Sunset Park (December 10, 2019)

• Joel Gluck’s Spencer Equity Group and NYC Housing Partnership borrows $47M from Santander Bank for property in Coney Island (December 10, 2019)

Properties:

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*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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