Kerry LaBotz
NYC Department of Housing Preservation and Development
NYC Department of Housing Preservation and Development NYC portfolio
$291.8 million* – development 35%, Q0 29%, specialty 21%; Queens 39%, Manhattan 30%, Brooklyn 30%
573th largest portfolio by dollar value
173,818 sqft – specialty 44%, elevator 32%, walkup 21%;
1399th largest by SF
84 properties – Queens 47%, Brooklyn 38%, Manhattan 13%
70th largest
105 residential units – Manhattan 59%, Brooklyn 39%, Queens 1%
1472th largest by residential units
0 foreclosures, 0 bankruptcies, 5 other court cases.
Person Activity past 24 months:
Lender signatory: 6 for $84.9 million
Top Ten Associated Companies:
Community Access (2), Bronx Pro Group (2), Southside United H.D.F.C. (1), Northcore Studios Housing Development Fund (1), Phipps Houses (1), West Harlem Group Assistance (1)
Top Ten Associated People:
Christopher Lacovara (2), Samantha Magistro (2), Jason Duchin (2), Juan Ramos (1), Gregory Colimon (1), Michael Wadman (1), Donald C. Notice (1)
Recent activity as signatory:
• Phipps Houses borrowed $20 million from Citibank and NYC Department of Housing Preservation and Development for 3103 3rd Avenue, Melrose, Bronx on December 19, 2024.
• Bronx Pro Group borrowed $10 million from NYC Department of Housing Preservation and Development for 235 West 115th Street, 2084 Fred Douglass Blvd, 216 West 111th Street, 267 West 113thstreet, 212 West 111th Street, and others, Harlem, Manhattan on December 18, 2024.
• Bronx Pro Group borrowed $7.4 million from NYC Department of Housing Preservation and Development for 2425 Adam C Powell Blvd, 67-69 West 137th Street, 241 West 135th Street, 2246 Adam C Powell Blvd, and 231 West 134th Street, Harlem, Manhattan on December 18, 2024.
• Southside United H.D.F.C. borrowed $19.7 million from NYC Department of Housing Preservation and Development for 201 South 4th Street, 258-262 Grand Street, 743-747 Driggs Avenue, 188 South 2nd Street, 184 South 2nd Street, and others, Williamsburg, Brooklyn on June 28, 2024.
• West Harlem Group Assistance borrowed $22.8 million from NYC Department of Housing Preservation and Development for 513 West 145th Street, 102-104 West 142nd Street, 1528 Amsterdam Avenue, 1652 Amsterdam Avenue, 117 West 129th Street, and others, Harlem, Manhattan on June 27, 2024.
• Northcore Studios Housing Development Fund borrowed $5 million from City of New York for 2324 Pitkin Avenue and 363 Jerome Street, East New York, Brooklyn on February 09, 2024.
• Community Access borrowed $6 million from NYC Department of Housing Preservation and Development for 772 East 168th Street, Morrisania, Bronx on December 15, 2022.
• Community Access borrowed $7.3 million from NYC Department of Housing Preservation and Development for 877 East 165th Street and 1022 Rev James Polite Avenue, Longwood, Bronx on December 09, 2021.
• Cadman Towers Inc. borrowed $41.8 million from NYC Housing Development Corporation for 101 Clark Street and 10 Clinton Street, Brooklyn, Brooklyn on June 29, 2021.
Latest Stories:
• Cadman Towers in Brooklyn Heights signs $41.8M rehab construction loan (July 08, 2021)