Christopher Lacovara
Chief Financial Officer And General Counsel
Community Access
Owner
One State Street, Suite 1015 • New York, NY 10004
Community Access NYC portfolio
$521.2 million -industrial 44%, mixed-use 32%, M1 17%; Bronx 82%, Manhattan 17%*
432th largest portfolio by dollar value
187,503 sqft – elevator 82%, M1 10%, mixed-use 7%; Bronx 85%, Manhattan 10%, Brooklyn 4%
1638th largest by SF
20 properties – Bronx 85%, Manhattan 10%, Brooklyn 5%
503th largest
426 residential units – Bronx 97%, Brooklyn 2%
673th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Person Activity past 24 months:
Buyer signatory: 5 for $71 million
Seller signatory: 2 for $6.8 million
Borrower signatory: 2 for $67.2 million
Top Ten Associated Companies:
Roman Catholic Church (3), Roman Catholic Church of Saint Brigid and Saint Emeric (3), NYC Department of Housing Preservation and Development (2), Fatin Salhut (1), Mohammad Salhut (1), Louis Guarascio (1), Robert Guarascio (1), Bellwether Enterprise (1), Corporation for Supportive Housing (1), Joy Construction Group (1)
Top Ten Associated People:
Kevin Nelan (2), Kerry LaBotz (2), Fatin Salhut (1), Mohammad Salhut (1), Robert Guarascio (1), Eli S. Weiss (1), Radame Jose Perez (1), Dana Greenberg (1), Christopher Lacovara (1)
Recent activity as signatory:
• Community Access sold 910 Dekalb Avenue for $2 million to Community Access on August 27, 2024.
• Spatial Equity Co. and Community Access borrowed $44.2 million from Corporation for Supportive Housing for 197 Avenue D on July 30, 2024.
• Spatial Equity Co. and Community Access borrowed $23 million from Roman Catholic Church and Roman Catholic Church of Saint Brigid and Saint Emeric for 731 East 12 Street on July 30, 2024.
• Roman Catholic Church and Roman Catholic Church of Saint Brigid and Saint Emeric sold 731 East 12 Street for $23 million to Spatial Equity Co. and Community Access on July 30, 2024.
• Roman Catholic Church and Roman Catholic Church of Saint Brigid and Saint Emeric sold 197 Avenue D for $35 million to Spatial Equity Co. and Community Access on July 30, 2024.
• Community Access sold 1169 River Avenue, Concourse, Bronx for $4.8 million to Joy Construction Group and Maddd Equities on June 26, 2024.
• Louis Guarascio and Robert Guarascio sold 1904 Bathgate Avenue for $8.2 million to Mega Contracting Group on April 16, 2024.
• Radame Jose Perez sold None for $2.8 million to Mega Contracting Group on April 16, 2024.
• Christopher Lacovara filed plans for new building for 275,540 sqft in Concourse, Bronx, on May 15, 2023.
• Fatin Salhut and Mohammad Salhut ground leased 202 East Tremont Avenue valued at $4 million to Maddd Equities on January 25, 2023.
Latest Stories:
• Spatial Equity, Community Access acquire $23M dev site in East Village (August 07, 2024)
• Maddd Equities signs ground lease valued at $4M for dev site in Mt Hope (February 09, 2023)
• Nonprofit Community Access files plans for 109K residential building in Tremont (October 07, 2020)