Urban Resource Institute

People:

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Urban Resource Institute NYC portfolio

$293 million -N2 39%, V1 34%, development 19%; Manhattan 55%, Bronx 37%, Brooklyn 6%*

736th largest portfolio by dollar value

82,730 sqft – N2 47%, elevator 37%, V1 14%; Brooklyn 37%, Manhattan 32%, Bronx 29%

2677th largest by SF

8 properties – Manhattan 50%, Bronx 37%, Brooklyn 12%

1282th largest

291 residential units – Bronx 76%, Manhattan 12%, Brooklyn 11%

876th largest by residential units

Company Activity past 24 months:

Buyer company: 3 for $42.8 million

Borrower company: 4 for $115.8 million

Developer (new building or major alteration): 1 for 67,942 square feet

Top Ten Associated Companies:

UMB Bank (2), KeyBank (2), TD Bank (1), Enterprise Community Partners (1), 951 Olmstead Avenue Contract-Backed Pass-Through Trust (1), Build NYC Resource Corporation (1)

Top Ten Associated People:

Charles Wise (1)

Recent activity as company:

• Urban Resource Institute borrowed $74.3 million from Build NYC Resource Corporation for 478 West 130 Street on August 07, 2025.

• Urban Resource Institute for Charles Carroll filed plans for new building for 67,942 sqft in Harlem, Manhattan, on September 25, 2024.

• Urban Resource Institute borrowed $13 million from Enterprise Community Partners for 487 West 129 Street on June 11, 2024.

• Jonathan Faust, Michael Faust and Jonathan Feigenbaum sold 487 West 129 Street for $10 million to Urban Resource Institute on June 11, 2024.

• Jonathan Faust, Michael Faust and Jonathan Feigenbaum sold 478 West 130 Street for $15.9 million to Urban Resource Institute on June 11, 2024.

• Urban Resource Institute borrowed $13.3 million from KeyBank for 478 West 130 Street on June 11, 2024.

• Urban Resource Institute borrowed $15.2 million from TD Bank for 1311 New York Avenue on May 08, 2024.

• Heights Advisors sold 1311 New York Avenue for $16.8 million to Urban Resource Institute on May 08, 2024.

• Heights Advisors sold 2086 Bruckner Boulevard for $64 million to Urban Resource Institute on March 07, 2024.

• Urban Resource Institute borrowed $72.7 million from 951 Olmstead Avenue Contract-Backed Pass-Through Trust for 2086 Bruckner Boulevard on March 07, 2024.

Properties:

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