Property Resources Corporation

Property Resources Corporation NYC portfolio

$656.7 million* – elevator 88%, specialty 11%; Brooklyn 100%

257th largest portfolio by dollar value

811,025 sqft – elevator 85%, specialty 14%;

413th largest by SF

2 properties – Brooklyn 100%

2909th largest

781 residential units – Brooklyn 100%

314th largest by residential units

Company Activity past 24 months:

Borrower company: 2 for $100.3 million

Top Ten Associated People:

Doron Greenberg (2), David Dancer (1)

Recent activity as company:

Property Resources Corporation borrowed $57.1 million from Acore Capital for 75-85 Lewis Avenue, Bedford Stuyvesant, Brooklyn on November 13, 2024.

Property Resources Corporation borrowed $43.2 million from Cain International for 71-85 Lewis Avenue, Bedford Stuyvesant, Brooklyn on June 08, 2023.

Property Resources Corporation sold 998 Amsterdam Avenue, Upper West Side, Manhattan for $6.2 million to GRFO Alternative Investments on December 21, 2022.

Property Resources Corporation sold 992 Amsterdam Avenue, Upper West Side, Manhattan for $10 million to GRFO Alternative Investments on December 21, 2022.

Property Resources Corporation borrowed $436.6 million from NYC Housing Development Corporation for 845 Schenck Avenue, 785 Schenck Avenue, 443 Barbey Street, 2211 Pitkin Avenue, 255 Bradford Street, and others, East New York, Brooklyn on December 28, 2021.

Property Resources Corporation sold 2027 Monterey Avenue, 2019 Monterey Avenue, 1715 Vyse Avenue, 2005 Monterey Avenue, 547 East 178th Street, and others, Tremont, Bronx for $20.3 million to Invesco Real Estate on December 10, 2021.

Property Resources Corporation sold 955 East 163rd Street, 975 Tiffany Street, 1710 Andrews Avenue South, and 1730 Andrews Avenue South, Longwood, Bronx for $16.6 million to Invesco Real Estate on December 10, 2021.

Property Resources Corporation sold 1240 Westchester Avenue, 1076 Faile Street, 1083 Longfellow Avenue, 1075 Longfellow Avenue, and 975 Simpson St, Longwood, Bronx for $38.6 million to Invesco Real Estate on December 10, 2021.

Property Resources Corporation sold 891 Fox Street, 944 Tiffany Street, 904 Tiffany Street, 908 Tiffany Street, 923 Simpson Street, and others, Longwood, Bronx for $38 million to Invesco Real Estate on December 10, 2021.

Property Resources Corporation sold 1662 Vyse Avenue, 1668 Vyse Avenue, 1680 Vyse Avenue, 1690 Vyse Avenue, 1698 Vyse Avenue, and others, East Morrisania, Bronx for $35 million to Invesco Real Estate on December 10, 2021.

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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