Services For The Underserved

463 7th Avenue, 17th Floor New York, NY 10018

sus.org/about-us/leadership

People:

To see the 1 person from this company you need a Professional level subscription

Subscribe ($125/month)

Services For The Underserved NYC portfolio

$294.7 million* – development 63.0%, walkup 12.0%; Bronx 74.0%, Manhattan 18.0%

535th largest portfolio by dollar value

254,719 sqft – walkup 33%, development 31%;

989th largest by SF

10 properties – Bronx 40%, Brooklyn 40%

824th largest

209 residential units – Brooklyn 61%, Manhattan 38%

857th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Buyer company: 4 for $61.7 million

Seller company: 2 for $31.9 million

Borrower company: 5 for $200.7 million

Top Ten Associated Companies:

Enterprise Community Partners (2), New York State Urban Development Corporation (1), Bellwether Enterprise (1), John P. McKenna (1), Shannon M. Walsh (1), Metropolitan Commercial Bank (1), Bronx Pro Group (1), Joseph Barone (1), Croman Real Estate (1), RiseBoro Community Partnership (1)

Top Ten Associated People:

Holly Leicht (1), John P. McKenna (1), Shannon M. Walsh (1), William Beckmann (1), Douglas Walerstein (1), Joseph Barone (1), Steven Croman (1), Spencer Orkus (1), Emily Kurtz (1), Steven Neuman (1)

Recent activity as company:

• Joy Construction and Services for the Underserved borrowed $7.3 million from Metropolitan Commercial Bank for 1540 Inwood Avenue and 1545 Jerome Avenue, Mt Eden, Bronx on March 07, 2025.

• John P. McKenna and Shannon M. Walsh sold 1540 Inwood Avenue and 1545 Jerome Avenue, Mt Eden, Bronx for $15 million to Joy Construction and Services for the Underserved on March 07, 2025.

• Services for the Underserved and L+M Development Partners sold N/A Fountain Avenue, N/A Erskine Street, and N/A Fountain Avenue, None, Brooklyn for $17.8 million to RiseBoro Community Partnership and L+M Development Partners on January 14, 2025.

• Bronx Pro Group and Services for the UnderServed borrowed $13.3 million from Corporation for Supportive Housing for 1770 Jerome Avenue, Mt Hope, Bronx on October 23, 2024.

• Joseph Barone sold 1770 Jerome Avenue, Mt Hope, Bronx for $10.2 million to Bronx Pro Group and Services for the UnderServed on October 23, 2024.

• James Equities and Services for the Underserved borrowed $21.3 million from Enterprise Community Partners for 2435 Frederick Douglass Boulevard, Harlem, Manhattan on September 18, 2024.

• Steven Neuman sold 2435 Frederick Douglass Boulevard, Harlem, Manhattan for $16.5 million to James Equities and Services for the Underserved on September 18, 2024.

• Bronx Pro Group and Services for the Underserved borrowed $139.6 million from NYC Housing Development Corporation for 1600 Macombs Road, Morris Heights, Bronx on July 08, 2024.

• Services for the Underserved sold 1600 Macombs Road, Morris Heights, Bronx for $14.1 million to Bronx Pro Group on July 08, 2024.

• SMJ Development and Services for the UnderServed borrowed $19.2 million from Enterprise Community Partners for 351-357 West 45th Street, Hell’s Kitchen, Manhattan on June 28, 2024.