Benjamin Warnke
Principal
Alembic Community Development
Developer, Owner
Alembic Community Development NYC portfolio
$252.5 million* – development 92.0%, industrial 7.0%; Brooklyn 99.0%, Manhattan 0.0%
648th largest portfolio by dollar value
5 properties – Brooklyn 100%, Manhattan 0%
1557th largest
236 residential units – Brooklyn 100%, Manhattan 0%
813th largest by residential units
Person Activity past 24 months:
Buyer signatory: 2 for $25.2 million
Borrower signatory: 3 for $188.7 million
Developer (new building or major alteration): 1 for 0 square feet
Top Ten Associated Companies:
Citizens Bank (1), Love Fellowship Tabernacle (1), NYS Housing Finance Agency (1), NYC Department of Housing Preservation and Development (1), Albert Rabizadeh (1), Daniel Rabizadeh (1), Mehrdad Kahan (1), Said Makhany (1), Alex Rabizadeh (1), Corporation for Supportive Housing (1)
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 245 Clarkson Avenue, Prospect Lefferts Gardens, Brooklyn on August 07, 2024.
• Albert Rabizadeh, Daniel Rabizadeh, Mehrdad Kahan, Said Makhany and Alex Rabizadeh sold 245 Clarkson Avenue, Prospect Lefferts Gardens, Brooklyn for $10.5 million to Alembic Community Development on August 07, 2024.
• Alembic Community Development borrowed $30 million from Citizens Bank for 47 New Lots Avenue, 120-122 Liberty Avenue, and 609 Osborn Street, Brownsville, Brooklyn on November 30, 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 2435 Pacific Street, Brownsville, Brooklyn on July 06, 2023.
• Love Fellowship Tabernacle sold 2435 Pacific Street, Brownsville, Brooklyn for $14.7 million to Alembic Community Development, Brooklyn Community Housing & Services and Hudson Housing Capital on July 06, 2023.