Arlo Chase
Senior Vice President, Real Estate
Services for the UnderServed
463 7th Avenue, 17th Floor New York, NY 10018
Services for the UnderServed NYC portfolio
$302 million -development 61%, walkup 16%, mixed-use 9%; Bronx 70%, Manhattan 22%, Brooklyn 6%*
790th largest portfolio by dollar value
254,719 sqft – walkup 33%, development 31%, industrial 14%; Bronx 49%, Brooklyn 29%, Manhattan 20%
1407th largest by SF
10 properties – Bronx 40%, Brooklyn 40%, Manhattan 20%
1099th largest
209 residential units – Brooklyn 61%, Manhattan 38%
1187th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Person Activity past 24 months:
Buyer signatory: 1 for $3.9 million
Borrower signatory: 1 for $165.4 million
Top Ten Associated Companies:
L+M Development Partners (1), NYS Housing Finance Agency (1)
Top Ten Associated People:
Spencer Orkus (1), Douglas Walerstein (1), Russell Hubley (1)
Recent activity as signatory:
• L+M Development Partners sold None for $3.9 million to Apex Building Group on June 30, 2026.
• Apex Building Group borrowed $165.4 million from NYS Housing Finance Agency for None on June 30, 2026.
• Arlo Chase filed plans for new building for 253,587 sqft in Morris Heights, Bronx, on February 18, 2020.
• Arlo Chase filed plans for new building for 222,769 sqft in Morris Heights, Bronx, on February 13, 2020.