Wavecrest Management
People:
Wavecrest Management NYC portfolio
$795.7 million* – elevator 93%, walkup 6%; Bronx 93%, Manhattan 4%, Brooklyn 2%
221th largest portfolio by dollar value
2,132,419 sqft – elevator 92%, walkup 7%;
164th largest by SF
16 properties – Bronx 81%, Manhattan 12%, Brooklyn 6%
455th largest
2,102 residential units – Bronx 92%, Manhattan 4%, Brooklyn 3%
111th largest by residential units
Company Activity past 24 months:
Buyer company: 3 for $216.5 million
Borrower company: 1 for $435 million
Top Ten Associated Companies:
Lewis Henkind (2), New York City Housing Authority (2), JPMorgan Chase (1), Merchants Capital (1), NYC Housing Development Corporation (1), Monadnock Development (1), Aaron Jungreis (1), Signature Bank (1)
Top Ten Associated People:
Lewis Henkind (2), Jonathan Gouveia (2), Blanca Geary (1), Brian Cheigh (1), Nicholas Lembo (1), Aaron Jungreis (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 1130 Burke Avenue, Allerton, Bronx on March 27, 2025.
• New York City Housing Authority sold 1130 Burke Avenue, Allerton, Bronx for $162.2 million to MDG Design + Construction, Wavecrest Management and Infinite Horizons on March 27, 2025.
• Monadnock Development sold 111-115 West 141st Street and 148 West 141st Street, Harlem, Manhattan for $26.3 million to Wavecrest Management on July 19, 2024.
• Aaron Jungreis sold 2404-16 Crotona Avenue, 2476 Hughes Avenue, and 2423-31 Belmont Avenue, Belmont/Little Italy, Bronx for $28 million to Wavecrest Management on June 28, 2023.
• Wavecrest Management and Settlement Housing Fund borrowed $10.9 million from JPMorgan Chase for 1350 Bedford Avenue, Crown Heights, Brooklyn on December 29, 2022.
• Lewis Henkind sold 1350 Bedford Avenue, Crown Heights, Brooklyn for $18 million to Wavecrest Management and Settlement Housing Fund on December 29, 2022.
• Lewis Henkind sold 1018 East 163rd Street, Longwood, Bronx for $24 million to Wavecrest Management on August 26, 2021.
• Wavecrest Management borrowed $16.5 million from Signature Bank for 1018 East 163rd Street, Longwood, Bronx on August 26, 2021.
Latest Stories:
• Wavecrest Management pays $24M to Lewis Henkind for rental in Longwood (September 17, 2021)
Properties: