Urban Resource Institute

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Urban Resource Institute NYC portfolio

$269.2 million -V1 36%, N2 34%, development 20%; Manhattan 60%, Bronx 32%, Brooklyn 7%*

782th largest portfolio by dollar value

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

2704th largest by SF

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

1307th largest

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

862th largest by residential units

Company Activity past 24 months:

Borrower company: 1 for $74.3 million

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

Top Ten Associated Companies:

KeyBank (2), UMB Bank (2), TD Bank (1), Enterprise Community Partners (1), Build NYC Resource Corporation (1), 951 Olmstead Avenue Contract-Backed Pass-Through Trust (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 $13.3 million from KeyBank for 478 West 130 Street on June 11, 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 478 West 130 Street for $15.9 million to Urban Resource Institute 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.

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

• Urban Resource Institute borrowed $15.2 million from TD Bank for 1311 New York Avenue 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.

• Urban Resource Institute borrowed $32.1 million from UMB Bank for 2250 Adam Clayton Powell Jr Boulevard on February 07, 2024.

• Migdol Organization sold 2332 Adam Clayton Powell Jr Boulevard for $14.6 million to Urban Resource Institute on October 26, 2023.

• Migdol Organization sold 2250 Adam Clayton Powell Jr Boulevard for $11.4 million to Urban Resource Institute on October 26, 2023.

• Urban Resource Institute borrowed $26.4 million from KeyBank for 2250 Adam Clayton Powell Jr Boulevard on October 26, 2023.

• Urban Resource Institute borrowed $29 million from UMB Bank for 2351 Walton Avenue on March 08, 2023.

• The seller sold 2351 Walton Avenue for $28.3 million to Urban Resource Institute on March 08, 2023.

• Urban Resource Institute for Carla Smith filed plans for new building for 28,589 sqft in Fordham Heights, Bronx, on December 03, 2020.

Properties:

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