Carole Gordon

The Bridge

The Bridge NYC portfolio

$290.8 million* – elevator 30%, specialty 27%, industrial 12%; Manhattan 49%, Bronx 31%, Brooklyn 18%

572th largest portfolio by dollar value

545,906 sqft – elevator 43%, condo 29%, walkup 8%;

586th largest by SF

20 properties – Manhattan 50%, Brooklyn 30%, Bronx 20%

458th largest

743 residential units – Brooklyn 40%, Bronx 34%, Manhattan 24%

335th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Person Activity past 24 months:

Buyer signatory: 2 for $17.8 million

Borrower signatory: 3 for $88.1 million

Top Ten Associated People:

Dana Greenberg (2), Emily Lehman (1), Jacob Fulop (1), Joseph Memoly (1), Greg Maher (1), Harry Jones (1), Randy Gruenberg (1), Yehuda Cohen (1)

Recent activity as signatory:

The Bridge borrowed $40.8 million from JPMorgan Chase and NYS Homeless Housing and Assistance Corporation for 39 West 128th Street, Harlem, Manhattan on December 18, 2024.

Women In Need sold 2248 Webster Avenue, Belmont/Little Italy, Bronx for $1.9 million to The Bridge on July 30, 2024.

The Bridge and Radson Development borrowed $19.6 million from Webster Bank and Leviticus Fund for 3816 9th Avenue, Inwood, Manhattan on July 30, 2024.

• Manhattan Bible Church sold 3816 9th Avenue, Inwood, Manhattan for $15.8 million to The Bridge and Radson Development on July 30, 2024.

The Bridge borrowed $27.7 million from JPMorgan Chase for 1559 Boone Avenue, East Morrisania, Bronx on June 28, 2023.

The Bridge borrowed $7.4 million from NYC Department of Housing Preservation and Development for 3500 Park Avenue, Morrisania, Bronx on April 14, 2023.

The Bridge borrowed $11.3 million from UMB Bank and 125th Street (New York, NY) Contract-Backed Pass-Through Trust for 551 West 125th Street, Harlem, Manhattan on September 09, 2022.

The Bridge borrowed $16 million from NYS Dormitory Authority for 203 West 113thstreet, Harlem, Manhattan on August 12, 2022.

The Bridge borrowed $22 million from CPC Mortgage Company for 1228 Washington Avenue, Morrisania, Bronx on June 29, 2022.

The Bridge sold 631 East 6th Street, Alphabet City, Manhattan for $5.2 million to Jacob Fulop on June 16, 2022.

*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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