Kenneth Morrison

(Kenneth M. Morrison)

Managing Member

Managing Member, Principal

Lemor Development Group

Owner

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Lemor Development Group NYC portfolio

$248.6 million -walkup 69%, elevator 18%, development 5%; Manhattan 96%, Bronx 3%*

831th largest portfolio by dollar value

959,126 sqft – walkup 66%, elevator 27%, P5 4%; Manhattan 99%

509th largest by SF

58 properties – Manhattan 98%, Bronx 1%

153th largest

978 residential units – Manhattan 100%

339th largest by residential units

2 foreclosures, 0 bankruptcies, 1 other court case.

Person Activity past 24 months:

Seller signatory: 1 for $6.7 million

Borrower signatory: 1 for $24.1 million

Top Ten Associated Companies:

Miklos A. Vasarhelyi (1), Local Initiatives Support Corporation (1)

Top Ten Associated People:

Miklos A. Vasarhelyi (1)

Recent activity as signatory:

• Lemor Development Group and Harlem Congregations For Community Improvement borrowed $24.1 million from Local Initiatives Support Corporation for None on February 27, 2026.

• Kenneth Morrison sold 278 St Nicholas Avenue for $6.7 million to Miklos A. Vasarhelyi on December 18, 2024.

Court Records:

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Properties:

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