Urban Resource Institute

People:

To see the 9 people from this company you need a Professional level subscription

Subscribe ($125/month)

Urban Resource Institute NYC portfolio

$249.1 million* – N2 61.0%, development 22.0%; Bronx 54.0%, Manhattan 37.0%

639th largest portfolio by dollar value

82,730 sqft – N2 47%, elevator 37%;

2177th largest by SF

8 properties – Manhattan 50%, Bronx 37%

1022th largest

291 residential units – Bronx 76%, Manhattan 12%

657th largest by residential units

Company Activity past 24 months:

Buyer company: 7 for $161 million

Borrower company: 7 for $201.7 million

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

Top Ten Associated Companies:

UMB Bank (2), Migdol Organization (2), KeyBank (2), Heights Advisors (2), Jonathan Faust (2), Michael Faust (2), Jonathan Feigenbaum (2), 951 Olmstead Avenue Contract-Backed Pass-Through Trust (1), TD Bank (1), Enterprise Community Partners (1)

Top Ten Associated People:

Aaron Migdol (2), Jonathan Feigenbaum (2), Neal Lazar (1), Charles Wise (1), Howard M. Brickner (1)

Recent activity as company:

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 129th Street, Harlem, Manhattan on June 21, 2024.

• Jonathan Faust, Michael Faust and Jonathan Feigenbaum sold 487 West 129th Street, Harlem, Manhattan for $10 million to Urban Resource Institute on June 21, 2024.

Urban Resource Institute borrowed $13.3 million from KeyBank for 478 West 130th Street, Harlem, Manhattan on June 21, 2024.

• Jonathan Faust, Michael Faust and Jonathan Feigenbaum sold 478 West 130th Street, Harlem, Manhattan for $15.9 million to Urban Resource Institute on June 21, 2024.

Urban Resource Institute borrowed $15.2 million from TD Bank for 1317 New York Avenue, East Flatbush, Brooklyn on May 29, 2024.

Heights Advisors sold 1317 New York Avenue, East Flatbush, Brooklyn for $16.8 million to Urban Resource Institute on May 29, 2024.

Urban Resource Institute borrowed $72.7 million from 951 Olmstead Avenue Contract-Backed Pass-Through Trust for 951 Olmstead Avenue and N/A Bruckner Expressway, Unionport, Bronx on March 22, 2024.

Heights Advisors sold 951 Olmstead Avenue and 2086 Bruckner Expressway, Unionport, Bronx for $64 million to Urban Resource Institute on March 13, 2024.

Urban Resource Institute borrowed $32.1 million from UMB Bank for 2250 Adam C Powell Blvd and 2332 Adam C Powell Blvd, Harlem, Manhattan on February 08, 2024.

Properties:

To see the 8 properties for this company you need a Professional level subscription

Subscribe ($125/month)

*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

Leave a Reply