Karim Hutson
Chief Executive Officer
Genesis Companies
Owner
745 Fifth Avenue, Suite 500 New York Ny 10151
Genesis Companies NYC portfolio
$778.7 million* – walkup 93%, elevator 5%; Manhattan 100%
223th largest portfolio by dollar value
1,183,840 sqft – walkup 79%, elevator 16%, P5 3%;
306th largest by SF
81 properties – Manhattan 100%
75th largest
1,242 residential units – Manhattan 100%
205th largest by residential units
Person Activity past 24 months:
Buyer signatory: 2 for $112 million
Borrower signatory: 1 for $383.6 million
Developer (new building or major alteration): 19 for 153,391 square feet
Top Ten Associated Companies:
New York City Housing Authority (2), NYC Housing Development Corporation (1), Freddie Mac (1), Community Preservation Corporation (1)
Top Ten Associated People:
Jonathan Gouveia (2), Brian Cheigh (1)
Recent activity as signatory:
• New York City Housing Authority sold 107 West 143rd Street and 111 West 143rd Street, Harlem, Manhattan for $6.8 million to Genesis Companies, Community League of the Heights and Lemor Development Group on September 26, 2024.
• Genesis Companies, Community League of the Heights and Lemor Development Group borrowed $383.6 million from NYC Housing Development Corporation and Freddie Mac for 164 West 147th Street, 2441 Adam C Powell Jr Blvd, 2453 Adam C Powell Jr Blvd, 2449 Adam C Powell Jr Blvd, 131 West 143rd Street, and others, Harlem, Manhattan on September 26, 2024.
• New York City Housing Authority sold 2537 Adam C Powell Blvd, 2441 Adam C Powell Blvd, 2453 Adam C Powell Blvd, 2449 Adam C Powell Blvd, 131 West 143rd Street, and others, Harlem, Manhattan for $105.2 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, 357 West 115th Street, and 494 Manhattan Avenue, Harlem, Manhattan on December 28, 2022.
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