Emily Kurtz

(Emily Karpel Kurtz)

RiseBoro Community Partnership

Developer, Owner

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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 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:

• L+M, Merchants Capital sign $326.3M construction loan for dev site in East New York (January 31, 2025)

• Georgica Green pays $10.4M to Safehold for Coney Island dev site, gets $165M building loan (July 05, 2024)

• Slate, RiseBoro pay $64M to McSam Hotel for hotel near JFK, get $152M construction loan (January 17, 2024)

• RiseBoro signs $24.7M rehab loan for six properties in Bushwick (May 16, 2023)

• Slate Property, RiseBoro sign $121.7M construction loan for 215-unit project in Brownsville (January 10, 2023)

• iStar files plans for 282-unit building in Coney Island (November 02, 2022)

• RiseBoro signs $40M construction loan with Webster Bank for 58-unit project in East Flatbush (September 27, 2022)

• RiseBoro signs $72.3M construction loan with city for 140-unit development in Williamsburg (July 25, 2022)

• Riseboro pays $8M to church to develop affordable housing in Washington Heights (September 08, 2020)

• Riseboro obtains $80.7M construction loan for 164-unit affordable project in Washington Heights (September 08, 2020)

*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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