Benjamin Warnke

Principal

Alembic Community Development

Developer, Owner

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Alembic Community Development NYC portfolio

$226.3 million -development 91%, industrial 8%; Brooklyn 100%*

897th largest portfolio by dollar value

5 properties – Brooklyn 100%

1856th largest

265 residential units – Brooklyn 100%

930th largest by residential units

Person Activity past 24 months:

Buyer signatory: 1 for $10.5 million

Borrower signatory: 1 for $15 million

Top Ten Associated People:

Hezekiah Walker (1), Albert Rabizadeh (1), Daniel Rabizadeh (1), Mehrdad Kahan (1), Said Makhany (1), Alex Rabizadeh (1)

Recent activity as signatory:

• Alembic Community Development borrowed $15 million from Corporation for Supportive Housing for 251 Clarkson Avenue on August 02, 2024.

• Albert Rabizadeh, Daniel Rabizadeh, Mehrdad Kahan, Said Makhany and Alex Rabizadeh sold 251 Clarkson Avenue for $10.5 million to Alembic Community Development on August 02, 2024.

• Alembic Community Development borrowed $30 million from Citizens Bank for 51 New Lots Avenue on November 14, 2023.

• Alembic Community Development, Brooklyn Community Housing & Services and Hudson Housing Capital borrowed $143.7 million from NYS Housing Finance Agency and NYC Department of Housing Preservation and Development for 2401 Pacific Street on June 29, 2023.

• Love Fellowship Tabernacle ground leased 2401 Pacific Street valued at $14.7 million to Alembic Community Development, Brooklyn Community Housing & Services and Hudson Housing Capital on June 29, 2023.

• Benjamin Warnke filed plans for new building for 37,992 sqft in Bedford Stuyvesant, Brooklyn, on June 13, 2014.

• Benjamin Warnke filed plans for new building for 45,481 sqft in Mott Haven, Bronx, on October 23, 2012.

• Benjamin Warnke filed plans for new building for 34,764 sqft in Mott Haven, Bronx, on October 10, 2012.

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