Wavecrest Management
People:
Wavecrest Management NYC portfolio
$770.6 million -elevator 94%, walkup 5%; Bronx 94%, Manhattan 3%, Brooklyn 2%*
301th largest portfolio by dollar value
2,132,419 sqft – elevator 92%, walkup 7%; Bronx 94%, Brooklyn 4%, Manhattan 1%
232th largest by SF
16 properties – Bronx 81%, Manhattan 12%, Brooklyn 6%
617th largest
2,102 residential units – Bronx 92%, Manhattan 4%, Brooklyn 3%
155th largest by residential units
Company Activity past 24 months:
Buyer company: 2 for $188.5 million
Borrower company: 1 for $435 million
Top Ten Associated Companies:
Signature Bank (1), JPMorgan Chase (1), Merchants Capital (1), NYC Housing Development Corporation (1), New York City Housing Authority (1)
Top Ten Associated People:
Blanca Geary (1), Jonathan Gouveia (1), Brian Cheigh (1)
Recent activity as company:
• MDG Design + Construction, Wavecrest Management and Infinite Horizons borrowed $435 million from Merchants Capital, NYC Housing Development Corporation and New York City Housing Authority for 1201 Adee Avenue on March 27, 2025.
• New York City Housing Authority ground leased 1201 Adee Avenue valued at $162.2 million to MDG Design + Construction, Wavecrest Management and Infinite Horizons on March 27, 2025.
• Monadnock Development sold 115 West 141 Street for $26.3 million to Wavecrest Management on July 19, 2024.
• Aaron Jungreis sold 2404 Crotona Avenue for $28 million to Wavecrest Management on June 28, 2023.
• Wavecrest Management and Settlement Housing Fund borrowed $10.9 million from JPMorgan Chase for 1334 Bedford Avenue on December 29, 2022.
• Lewis Henkind sold 1334 Bedford Avenue for $18 million to Wavecrest Management and Settlement Housing Fund on December 29, 2022.
• Lewis Henkind sold None for $24 million to Wavecrest Management on August 26, 2021.
• Wavecrest Management borrowed $16.5 million from Signature Bank for None on August 26, 2021.
Latest Stories:
• Wavecrest Management pays $24M to Lewis Henkind for rental in Longwood (September 17, 2021)
Properties: