Treetop Development

Treetop Development NYC portfolio

$162.8 million -elevator 98%, walkup 1%; Queens 98%, Brooklyn 1%*

1104th largest portfolio by dollar value

750,719 sqft – elevator 99%; Queens 99%

614th largest by SF

2 properties – Brooklyn 50%, Queens 50%

3616th largest

926 residential units – Queens 99%

357th largest by residential units

Latest Stories:

• Cedarbridge Management pays $10.4M to Sugar Hill for 54-unit rental in Washington Heights, bought for $21.6M in 2016 (May 04, 2023)

• $24.8M refi loan with Valley National Bank for two properties in Queens Village (December 16, 2022)

• Signature Bank files $16M pre-foreclosure against Sugar Hill Capital Partners (November 11, 2022)

• Treetop Development pays $20M for two properties in Queens Village (June 28, 2022)

• Treetop pays $2.2M to Knoll family for rental in Williamsburg (January 03, 2022)

• Hudson Valley Property Group buys Bronx affordable from Treetop valued at $115M (January 18, 2021)

• Hudson Valley Property Group ups affordable debt by $7.98M (January 18, 2021)

• Meridian Properties pays $18.3M for Flatbush rental that Treetop bought in 2017 for $25M (July 06, 2020)

• Meridian Properties borrows $13.7M from New York Community Bank for property acquisition in Flatbush (July 06, 2020)

• Treetop Development borrows $121M from Berkadia Commercial Mortgage for rental property in Far Rockaway (November 01, 2019)

Properties:

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