Phipps Houses

Owner

Nonprofit

257 Park Avenue South, 12th Floor New York, NY 10010

902 Broadway 13th Fl New York, NY 10010

phippsny.org

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Phipps Houses NYC portfolio

$2.8 billion -elevator 30%, development 17%, D6 12%; Queens 30%, Bronx 29%, Brooklyn 28%*

74th largest portfolio by dollar value

7,507,757 sqft – elevator 53%, condo 17%, walkup 12%; Bronx 52%, Manhattan 26%, Queens 14%

46th largest by SF

115 properties – Bronx 48%, Queens 31%, Manhattan 14%

51th largest

7,146 residential units – Bronx 49%, Manhattan 25%, Queens 18%

34th largest by residential units

0 foreclosures, 0 bankruptcies, 2 other court cases.

Notes

Website: Phipps is the nation’s oldest and New York City’s largest not-for-profit organization devoted to affordable housing and resident/community-based social services. Founded as Phipps Houses in 1905 by Henry Phipps.

Company Activity past 24 months:

Buyer company: 5 for $34.9 million

Borrower company: 5 for $368.1 million

Developer (new building or major alteration): 36 for 1,487,915 square feet

• Phipps Houses borrowed $8.2 million from Wells Fargo for 53 Exterior Street on October 16, 2025.

• Richard Pogostin sold 945 Courtlandt Avenue for $3.1 million to Phipps Houses on July 21, 2025.

• Phipps Houses borrowed $20 million from Citibank and NYC Department of Housing Preservation and Development for 468 East 159 Street on December 19, 2024.

• Rita Stark sold 16-05 Village Lane, 16-05 Village Lane, 16-05 Village Lane, 15-14 Central Avenue, 15-14 Central Avenue, and others, Far Rockaway, Queens for $2.5 million to Phipps Houses on November 12, 2024.

• Phipps Houses borrowed $99 million from NYC Housing Development Corporation for 50-25 Barnett Avenue on June 26, 2024.

• Estate Of Rita Stark sold 16-26 Village Lane, 16-26 Village Lane, and 16-26 Village Lane, Far Rockaway, Queens for $4.4 million to Phipps Houses on April 26, 2024.

• Rettner Realty and Procida Companies sold 531 East 174 Street for $13 million to Phipps Houses on April 25, 2024.