West Harlem Group Assistance
People:
West Harlem Group Assistance NYC portfolio
$162.3 million -walkup 51%, elevator 48%; Manhattan 100%*
1115th largest portfolio by dollar value
664,988 sqft – walkup 61%, elevator 38%; Manhattan 100%
693th largest by SF
41 properties – Manhattan 100%
242th largest
662 residential units – Manhattan 100%
486th largest by residential units
5 foreclosures, 0 bankruptcies, 0 other court cases.
Company Activity past 24 months:
Borrower company: 2 for $86.1 million
Top Ten Associated Companies:
Merchants Bank of Indiana (2), NYC Department of Housing Preservation and Development (1), West Harlem Group Assistance (1), NYC Housing Development Corporation (1), Community Preservation Corporation (1)
Top Ten Associated People:
Kerry LaBotz (1), Phil Daubenmire (1), Salvatore D’Avola (1)
Recent activity as company:
• West Harlem Group Assistance borrowed $22.8 million from NYC Department of Housing Preservation and Development for 513 West 145 Street on June 27, 2024.
• West Harlem Group Assistance borrowed $63.3 million from Merchants Bank of Indiana for 513 West 145 Street on June 27, 2024.
• West Harlem Group Assistance sold 1662 Amsterdam Avenue for $9.5 million to West Harlem Group Assistance on August 29, 2023.
• West Harlem Group Assistance borrowed $25.6 million from Merchants Bank of Indiana for 1662 Amsterdam Avenue on August 29, 2023.
• West Harlem Group Assistance borrowed $15 million from Community Preservation Corporation for 2274 Adam Clayton Powell Jr Boulevard on May 05, 2021.
• National Equity Fund sold 2 Hancock Place for $8.1 million to West Harlem Group Assistance on February 25, 2021.
• West Harlem Group Assistance borrowed $34.6 million from NYC Housing Development Corporation for 2 Hancock Place on February 25, 2021.
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