Matthew Kelly

Vice President, Real Estate Development

Phipps Houses

257 Park Avenue South, 12th Floor New York, NY 10010

902 Broadway 13th Fl New York, NY 10010

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Phipps Houses NYC portfolio

$2.8 billion -elevator 30%, development 17%, D6 12%; Queens 30%, Bronx 29%, Brooklyn 28%*

97th largest portfolio by dollar value

7,069,638 sqft – elevator 57%, condo 18%, walkup 12%; Bronx 56%, Manhattan 28%, Queens 14%

66th largest by SF

116 properties – Bronx 48%, Queens 30%, Manhattan 14%

68th largest

6,800 residential units – Bronx 52%, Manhattan 27%, Queens 20%

54th largest by residential units

0 foreclosures, 0 bankruptcies, 2 other court cases.

Person Activity past 24 months:

Developer (new building or major alteration): 6 for 3,294 square feet

Top Ten Associated Companies:

NYC Housing Development Corporation (3), Estate of Rita Stark (3), Sgro family (2), Estate Of Rita Stark (1), Joseph Daniel Zola (1)

Top Ten Associated People:

Elizabeth Farrell (3), Eileen T. Sgro (2), Agostino Vona (2), Bruce Sontag (1), Lauren Connors (1), Joseph Daniel Zola (1)

Recent activity as signatory:

• Matthew Kelly filed plans for major alteration for 2,894 sqft in Whitestone, Queens, on March 20, 2026.

• Estate Of Rita Stark sold 16-26 Village Lane, 16-26 Village Lane, and 16-26 Village Lane, Far Rockaway, Queens for $4.4 million to Phipps Houses on April 26, 2024.

• Joseph Daniel Zola sold 814 East 182 Street for $3.5 million to Phipps Houses on July 13, 2023.

• Phipps Houses borrowed $218.9 million from NYC Housing Development Corporation for None on January 22, 2023.

• Estate of Rita Stark sold 17-01 Village Lane, 17-01 Village Lane, 17-25 Village Lane, 17-25 Village Lane, 17-25 Village Lane, and others, Far Rockaway, Queens for $3.8 million to Phipps Houses on December 13, 2022.

• Estate of Rita Stark sold 1725 Village Lane, 1720 Village Lane, and 1725 Village Lane, Far Rockaway, Queens for $3.3 million to Phipps Houses on July 29, 2022.

• Estate of Rita Stark sold 1725 Village Lane, 1720 Village Lane, and 1720 Village Lane, Far Rockaway, Queens for $3.3 million to Phipps Houses on July 29, 2022.

• Phipps Houses borrowed $87.5 million from NYC Housing Development Corporation for None on December 29, 2021.

• Phipps Houses borrowed $162.8 million from NYC Housing Development Corporation for None on December 22, 2021.

• Sgro family sold 254 Chestnut Street for $6 million to Phipps Houses on September 30, 2021.