Emily Kurtz
(Emily Karpel Kurtz)
RiseBoro Community Partnership
Developer, Owner
RiseBoro Community Partnership NYC portfolio
$1.9 billion* – D6 34.0%, industrial 20.0%; Brooklyn 53.0%, Queens 45.0%
88th largest portfolio by dollar value
3,180,856 sqft – elevator 33%, D6 33%;
98th largest by SF
129 properties – Brooklyn 95%, Queens 2%
57th largest
3,464 residential units – Brooklyn 60%, Queens 32%
46th largest by residential units
Person Activity past 24 months:
Buyer signatory: 3 for $92.2 million
Seller signatory: 1 for $17.8 million
Borrower signatory: 5 for $218.3 million
Developer (new building or major alteration): 33 for 194,839 square feet
Top Ten Associated Companies:
NYC Housing Development Corporation (5), Webster Bank (2), Merchants Capital (1), McSam Hotel Group (1), NYS Housing Finance Agency (1), Safehold Inc. (1), Rocky Mount Baptist Church (1), Slate Property Group (1), Citizens Bank (1), RiseBoro Community Partnership (1)
Top Ten Associated People:
K. James Dittbrenner (1), Bianca Geary (1), Sam Chang (1), Patrick Love (1), Elisha Blechner (1), James Ellis (1), David Schwartz (1), Ruth Moreira (1), Allen Lamboy (1), Spencer Orkus (1)
Recent activity as company:
• Services for the Underserved and L+M Development Partners sold N/A Fountain Avenue, N/A Erskine Street, and N/A Fountain Avenue, None, Brooklyn for $17.8 million to RiseBoro Community Partnership and L+M Development Partners on January 14, 2025.
• Safehold Inc. sold 2015 Boardwalk West, Coney Island, Brooklyn for $10.4 million to Georgica Green Ventures and RiseBoro Community Partnership on July 03, 2024.
• Slate Property Group and RiseBoro Community Partnership borrowed $152.4 million from NYC Housing Development Corporation and NYS Housing Finance Agency for 144-02 135th Avenue, South Ozone Park, Queens on January 16, 2024.
• McSam Hotel Group sold 144-02 135th Avenue, South Ozone Park, Queens for $64 million to Slate Property Group and RiseBoro Community Partnership on January 16, 2024.
• RiseBoro Community Partnership borrowed $22 million from Webster Bank for 272 Jefferson Street, 63 Stockholm Street, and 332 Eldert Street, Bushwick, Brooklyn on January 05, 2024.
• RiseBoro Community Partnership borrowed $12.4 million from Merchants Capital for 85 East 233rd Street and 63 East 233rd Street, Woodlawn Heights, Bronx on September 13, 2023.
• RiseBoro Community Partnership borrowed $6.8 million from NYC Housing Development Corporation for 37-41 Hillside Avenue, Washington Heights, Manhattan on June 26, 2023.
• RiseBoro Community Partnership borrowed $24.7 million from Citizens Bank for 160 Bleecker Street, 113-115 Linden Street, 109-111 Linden Street, 301 Harman Street, 230 Moffat Street, and others, Bushwick, Brooklyn on May 15, 2023.
• RiseBoro Community Partnership borrowed $40 million from Webster Bank for 604 East 40th Street and 594 East 40th Street, East Flatbush, Brooklyn on September 26, 2022.
• RiseBoro Community Partnership borrowed $72.3 million from NYC Housing Development Corporation for 100 Throop Avenue, Williamsburg, Brooklyn on July 22, 2022.
Latest Stories:
• RiseBoro signs $24.7M rehab loan for six properties in Bushwick (May 16, 2023)
• iStar files plans for 282-unit building in Coney Island (November 02, 2022)