South Bronx Overall Economic Development Corporation

South Bronx Overall Economic Development Corporation NYC portfolio

$59.6 million -industrial 42%, walkup 40%, elevator 14%; Manhattan 49%, Bronx 33%, Brooklyn 16%*

2059th largest portfolio by dollar value

216,899 sqft – walkup 63%, elevator 21%, industrial 14%; Manhattan 60%, Brooklyn 24%, Bronx 14%

1490th largest by SF

21 properties – Bronx 47%, Manhattan 42%, Brooklyn 9%

499th largest

157 residential units – Manhattan 61%, Brooklyn 38%

1368th largest by residential units

9 foreclosures, 0 bankruptcies, 0 other court cases.

Top Ten Associated Companies:

Metropolitan Commercial Bank (1), Raza Development Fund, Inc. (1)

Recent activity as company:

• Maddd Equities, South Bronx Overall Economic Development Corporation and SoBro borrowed $12.3 million from Metropolitan Commercial Bank for 430 East 165 Street on June 27, 2023.

• Tiffany Lumber sold 430 East 165 Street for $16 million to Maddd Equities, South Bronx Overall Economic Development Corporation and SoBro on June 27, 2023.

• Richard Pogostin sold 427 East 164 Street for $4.2 million to SoBro and South Bronx Overall Economic Development Corporation on April 04, 2023.

• Joseph Maio sold 1000 Brook Avenue for $4.6 million to SoBro and South Bronx Overall Economic Development Corporation on April 03, 2023.

• Alden Torch Financial sold 163 West 136 Street for $5.2 million to South Bronx Overall Economic Development Corporation on April 06, 2021.

• South Bronx Overall Economic Development Corporation borrowed $5.4 million from Raza Development Fund, Inc. for St nicholas avenue on May 19, 2020.

Court Records:

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Properties:

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