Vertical Community Development

141 W 36th St. #14 New York, NY 10018

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Vertical Community Development NYC portfolio

$151.1 million -industrial 99%; Bronx 99%*

1165th largest portfolio by dollar value

27,690 sqft – industrial 100%; Bronx 100%

4433th largest by SF

7 properties – Bronx 100%

1445th largest

165 residential units – Bronx 100%

1301th largest by residential units

Notes

Website: Vertical Community Development is focused on transforming urban spaces through targeted investment and vertical integration—creating affordable housing, workforce housing, supportive housing, student housing, and mixed-use developments. Founded in 2018.

Company Activity past 24 months:

Buyer company: 2 for $10.2 million

Borrower company: 1 for $14.8 million

Developer (new building or major alteration): 2 for 202,271 square feet

Recent activity as company:

• Vertical Community Development for Tom Eswein filed plans for new building for 191,885 sqft in Wakefield, Bronx, on March 26, 2026.

• Vertical Community Development for Tom Eswein filed plans for new building for 10,386 sqft in Morris Park, Bronx, on February 06, 2026.

• BNS Real Estate sold 526 Bergen Avenue for $6 million to Jericho Project and Vertical Community Development on June 26, 2025.

• Jericho Project and Vertical Community Development borrowed $14.8 million from Corporation for Supportive Housing for 526 Bergen Avenue on June 26, 2025.

• Michael Malhas sold 421 East 148 Street for $4.2 million to Jericho Project and Vertical Community Development on June 26, 2025.

• Vertical Community Development borrowed $16 million from Supportive Housing Solutions Fund for 4551 Furman Avenue on March 29, 2024.

• Altmark Group sold 4551 Furman Avenue for $10.5 million to Vertical Community Development on March 29, 2024.

• Vertical Community Development borrowed $92 million from NYC Housing Development Corporation for 287 East 148 Street on June 27, 2023.

• Vertical Community Development for Peter Serpico filed plans for new building for 191,550 sqft in Belmont/Little Italy, Bronx, on March 01, 2019.

• Vertical Community Development for Peter Serpico filed plans for new building for 112,263 sqft in Mott Haven, Bronx, on December 28, 2018.

Properties:

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