Karim Hutson
(Karim A. Hutson)
Chief Executive Officer
Genesis Companies
Owner
745 Fifth Avenue, Suite 500 New York Ny 10151
Genesis Companies NYC portfolio
$343.2 million -walkup 85%, elevator 11%, P5 1%; Manhattan 100%*
636th largest portfolio by dollar value
1,234,561 sqft – walkup 80%, elevator 15%, P5 3%; Manhattan 100%
405th largest by SF
86 properties – Manhattan 100%
82th largest
1,311 residential units – Manhattan 100%
261th largest by residential units
Person Activity past 24 months:
Buyer signatory: 2 for $112 million
Borrower signatory: 2 for $413.3 million
Developer (new building or major alteration): 56 for 153,391 square feet
Top Ten Associated Companies:
New York City Housing Authority (2), NYC Housing Development Corporation (1), Freddie Mac (1), Webster Bank (1), Community Preservation Corporation (1)
Top Ten Associated People:
Jonathan Gouveia (2), Brian Cheigh (1), K. James Dittbrenner (1)
Recent activity as signatory:
• Genesis Companies borrowed $29.7 million from Webster Bank for 220 Lenox Avenue on January 16, 2026.
• Genesis Companies, Community League of the Heights and Lemor Development Group borrowed $383.6 million from NYC Housing Development Corporation and Freddie Mac for 2527 Adam Clayton Powell Jr Boulevard on September 26, 2024.
• New York City Housing Authority ground leased 2527 Adam Clayton Powell Jr Boulevard valued at $105.2 million to Genesis Companies, Community League of the Heights and Lemor Development Group on September 26, 2024.
• New York City Housing Authority ground leased Frederick samuel city bldg 48 valued at $6.8 million to Genesis Companies, Community League of the Heights and Lemor Development Group on September 26, 2024.
• Genesis Companies borrowed $30.4 million from Community Preservation Corporation for 384 Manhattan Avenue on December 28, 2022.