Settlement Housing Fund

settlementhousingfund.org/staff

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Settlement Housing Fund NYC portfolio

$956.1 million* – elevator 39.0%, walkup 33.0%; Bronx 48.0%, Queens 23.0%

179th largest portfolio by dollar value

2,439,171 sqft – elevator 54%, walkup 20%;

130th largest by SF

42 properties – Bronx 52%, Brooklyn 30%

224th largest

2,278 residential units – Bronx 46%, Queens 28%

92th largest by residential units

Company Activity past 24 months:

Buyer company: 3 for $22.9 million

Borrower company: 7 for $168 million

Developer (new building or major alteration): 1 for 133,799 square feet

Top Ten Associated Companies:

NYC Housing Development Corporation (7), Enterprise Community Partners (3), Community Preservation Corporation (2), Neighborhood Restore Housing Development Fund Corporation (2), NYC Department of Housing Preservation and Development (2), Wells Fargo (1), ORIX Real Estate (1), JPMorgan Chase (1), Leonard Schwartz (1), Great American Construction (1)

Top Ten Associated People:

Salvatore D’Avola (2), J. Kenneth Pagano (2), Leonard Schwartz (1), Ruth Moreira (1), Thomas J. Metallo (1), William Beckmann (1), Matthew Schatz (1), Lewis Henkind (1), Brian Raddock (1), Nancy E. Sexton (1)

Recent activity as company:

• Settlement Housing Fund borrowed $29.3 million from Community Preservation Corporation for 644 Riverside Drive, Harlem, Manhattan on March 12, 2025.

• Type A Projects and Settlement Housing Fund borrowed $9.1 million from Enterprise Community Partners for 1250 Willoughby Avenue, 1252 Willoughby Avenue, 1254 Willoughby Avenue, 1256 Willoughby Avenue, 1258 Willoughby Avenue, and others, Bushwick, Brooklyn on August 20, 2024.

• Community Developers sold 1250 Willoughby Avenue, 1252 Willoughby Avenue, 1254 Willoughby Avenue, 1256 Willoughby Avenue, 1258 Willoughby Avenue, and others, Bushwick, Brooklyn for $7 million to Type A Projects and Settlement Housing Fund on August 20, 2024.

• Settlement Housing Fund for Judy Herbstman filed plans for new building for 133,799 sqft in Coney Island, Brooklyn, on August 14, 2024.

• Lemle & Wolff Companies and Settlement Housing Fund borrowed $18.4 million from NYC Housing Development Corporation and NYC Department of Housing Preservation and Development for 1065 Boston Road, 1056 Boston Road, 1077 Boston Road, and 1038 Boston Road, Morrisania, Bronx on July 12, 2024.

• SMJ Development and Settlement Housing Fund borrowed $85.1 million from NYC Housing Development Corporation for 68-19 Woodhaven Boulevard, Rego Park, Queens on July 03, 2024.

• Settlement Housing Fund borrowed $13.6 million from KeyBank for 123 West 183rd Street, University Heights, Bronx on January 05, 2024.

• Lemle & Wolff Companies and Settlement Housing Fund borrowed $5.4 million from Enterprise Community Partners for 1065 Boston Road, 1056 Boston Road, 1077 Boston Road, and 1038 Boston Road, Morrisania, Bronx on May 25, 2023.

• Great American Construction sold 1065 Boston Road, 1056 Boston Road, 1077 Boston Road, and 1038 Boston Road, Morrisania, Bronx for $10.4 million to Lemle & Wolff Companies and Settlement Housing Fund on May 25, 2023.

• Settlement Housing Fund borrowed $7.2 million from Enterprise Community Partners for N/A West 28th Street, Coney Island, Brooklyn on May 11, 2023.