Richman Group
People:
Richman Group NYC portfolio
$421.8 million* – condo 76.0%, V1 23.0%; Manhattan 76.0%, Bronx 23.0%
400th largest portfolio by dollar value
387,069 sqft – condo 99%, V1 0%;
743th largest by SF
9 properties – Manhattan 88%, Bronx 11%
903th largest
404 residential units – Manhattan 100%, Bronx 0%
508th largest by residential units
Company Activity past 24 months:
Seller company: 3 for $33.2 million
Borrower company: 2 for $194.1 million
Top Ten Associated Companies:
NYS Housing Finance Agency (1), NYS Homeless Housing and Assistance Corporation (1), JPMorgan Chase (1), NYC Housing Development Corporation (1), Number One Single Room Occupancy HDFC (1), Lantern Organization (1), St. Nicks Alliance (1), Phipps Houses (1), Bronx United In Leveraging Dollars (1)
Top Ten Associated People:
Sharmi Sobhan (1), Ruth Moreira (1), John McDonald (1)
Recent activity as company:
• WellLife Network and Richman Group borrowed $74 million from NYS Housing Finance Agency, NYS Homeless Housing and Assistance Corporation and JPMorgan Chase for 3663 White Plains Road, Olinville, Bronx on March 03, 2025.
• Richman Group sold 2855 Southern Boulevard, Fordham Manor, Bronx for $13.9 million to Bronx United In Leveraging Dollars on February 14, 2025.
• Richman Group sold 260 Powers Street, East Williamsburg, Brooklyn for $5.2 million to St. Nicks Alliance on January 10, 2025.
• Richman Group and U.S.A. Institutional Tax Credit Fund XXXIX L.P. sold 1852 Washington Avenue, Tremont, Bronx for $14.1 million to Lantern Organization on January 19, 2024.
• Richman Group borrowed $120.1 million from NYC Housing Development Corporation for 201 East 125th Street, 201 East 125th Street, 201 East 125th Street, 201 East 125th Street, 201 East 125th Street, and others, East Harlem, Manhattan on November 06, 2023.
• Richman Group sold 305-311 Bowery, East Village, Manhattan for $5.7 million to Phipps Houses on January 06, 2023.
• Richman Group sold 223 East 117th Street, East Harlem, Manhattan for $6.1 million to Number One Single Room Occupancy HDFC on March 16, 2022.
• Richman Group for Matthew Iacopetta filed plans for new building for 423,119 sqft in East Harlem, Manhattan, on December 01, 2017.
Latest Stories:
• Nonprofit WellLife Network plans 136-unit project in Olinville (December 12, 2023)
Properties: