Lymaris Albors
Acacia Network
(Promesa Foundation, Puerto Rican Organization to Motivate Enlighten and Serve Addicts)
Owner
915 Westchester Avenue, Bronx, NY 10459
311 East 175th Street Bronx, NY 10457
Acacia Network NYC portfolio
$157.7 million -specialty 30%, development 30%, hotel 15%; Queens 54%, Bronx 45%*
1129th largest portfolio by dollar value
273,423 sqft – walkup 45%, specialty 20%, elevator 18%; Bronx 82%, Queens 17%
1270th largest by SF
14 properties – Bronx 85%, Queens 14%
743th largest
194 residential units – Bronx 100%
1173th largest by residential units
Notes
Acacia is a nonprofit delivering homeless and other services. “the leading Hispanic-led nonprofit in New York State and one of the largest in the nation, serving over 150,000 individuals every year through integrated programs in the areas of health, housing, economic development, social services, and cultural revitalization.”
Person Activity past 24 months:
Seller signatory: 1 for $9.5 million
Borrower signatory: 3 for $71.6 million
Top Ten Associated Companies:
NYS Dormitory Authority (3), Liberty One Group (1), Manuel Mejia (1)
Top Ten Associated People:
Barry D. Lites (1), David Levitan (1), Manuel Mejia (1)
Recent activity as signatory:
• Promesa Foundation borrowed $6.5 million from NYS Dormitory Authority for 932 Kelly Street on May 28, 2025.
• Bronx Addiction Services Integrated Concepts System borrowed $34.9 million from NYS Dormitory Authority for 1064 Franklin Avenue on January 24, 2025.
• Acacia Network sold 851 East 164 Street for $9.5 million to Liberty One Group on October 31, 2024.
• Acacia Network borrowed $30.1 million from NYS Dormitory Authority for 148-24 116 Avenue on September 11, 2024.
• Manuel Mejia sold 1862 Anthony Avenue for $2 million to Acacia Network on December 07, 2022.