Orbach Affordable Housing Solutions
People:
Orbach Affordable Housing Solutions NYC portfolio
$1.9 billion* – elevator 65%, condo 21%; Manhattan 100%, Bronx 0%
91th largest portfolio by dollar value
2,129,907 sqft – elevator 78%, condo 21%;
158th largest by SF
8 properties – Manhattan 100%, Bronx 0%
1033th largest
1,587 residential units – Manhattan 100%, Bronx 0%
155th largest by residential units
Company Activity past 24 months:
Buyer company: 1 for $402.6 million
Borrower company: 2 for $436.6 million
Top Ten Associated Companies:
Solow Realty & Development (5), Apollo Global Management (2), RXR Realty (1), JPMorgan Chase (1), 2020-K740 (1)
Top Ten Associated People:
Steven Weymouth (4), Jeffrey Horowitz (2), Steve Weymouth (1)
Recent activity as company:
• Black Spruce Management and Orbach Affordable Housing Solutions borrowed $290.6 million from Apollo Global Management and RXR Realty for 685 First Avenue, 685 First Avenue, and 685 First Avenue, Murray Hill, Manhattan on February 05, 2025.
• Black Spruce Management and Orbach Affordable Housing Solutions borrowed $146 million from Apollo Global Management for 1113 York Avenue, Lenox Hill, Manhattan on February 05, 2024.
• Solow Realty & Development sold 1261 2nd Avenue, Lenox Hill, Manhattan for $402.6 million to Black Spruce Management and Orbach Affordable Housing Solutions on May 01, 2023.
• Black Spruce Management and Orbach Affordable Housing Solutions borrowed $110.1 million from 2020-K740 for 420-434 East 61st St, Lenox Hill, Manhattan on December 08, 2022.
• Solow Realty & Development sold 420-434 East 61st St, Lenox Hill, Manhattan for $193.7 million to Black Spruce Management and Orbach Affordable Housing Solutions on December 08, 2022.
• Solow Realty & Development sold 1113 York Avenue, Lenox Hill, Manhattan for $221.3 million to Black Spruce Management and Orbach Affordable Housing Solutions on December 07, 2022.
• Solow Realty & Development sold 530 East 73rd Street and 523 East 72nd Street, Lenox Hill, Manhattan for $410 million to Black Spruce Management and Orbach Affordable Housing Solutions on December 07, 2022.
• Black Spruce Management and Orbach Affordable Housing Solutions borrowed $290.6 million from JPMorgan Chase for 685 First Avenue, 685 First Avenue, and 685 First Avenue, Murray Hill, Manhattan on September 29, 2022.
• Solow Realty & Development sold 685 First Avenue, 685 First Avenue, and 685 First Avenue, Murray Hill, Manhattan for $387.5 million to Black Spruce Management and Orbach Affordable Housing Solutions on September 29, 2022.
Latest Stories:
• Black Spruce, Orbach pay $402.6M to Solow Realty for 332-unit rental in Lenox Hill (May 02, 2023)
• Black Spruce, Orbach pay $193.7M to Solow, part of $1.8B deal (December 09, 2022)
Properties: