Michael O’Donnell
Comunilife
Comunilife NYC portfolio
$208.7 million* – industrial 54.0%, elevator 38.0%; Bronx 70.0%, Brooklyn 29.0%
722th largest portfolio by dollar value
140,194 sqft – elevator 66%, specialty 33%;
1541th largest by SF
4 properties – Bronx 50%, Brooklyn 50%
1793th largest
237 residential units – Bronx 62%, Brooklyn 37%
768th largest by residential units
Person Activity past 24 months:
Buyer signatory: 1 for $3.6 million
Seller signatory: 1 for $8 million
Borrower signatory: 1 for $51 million
Developer (new building or major alteration): 14 for 60,079 square feet
Top Ten Associated Companies:
Webster Bank (2), Heritage Affordable Communities (1), Cooperman Barnabas Medical Center (1), NYS Homeless Housing and Assistance Corporation (1)
Top Ten Associated People:
Alexander Hajibay (1), Mary Grochowski (1), K. James Dittbrenner (1)
Recent activity as company:
• Comunilife borrowed $51 million from Webster Bank and NYS Homeless Housing and Assistance Corporation for 2444 Tiebout Avenue, Fordham Heights, Bronx on May 15, 2024.
• Cooperman Barnabas Medical Center sold 2444 Tiebout Avenue, Fordham Heights, Bronx for $3.6 million to Comunilife on May 15, 2024.
• Comunilife sold 2130 Crotona Avenue, 950 Jennings Street, and 2111 Hughes Avenue, Belmont/Little Italy, Bronx for $8 million to Heritage Affordable Communities on May 13, 2024.
• Michael O’Donnell filed plans for new building for 60,079 sqft in Bronx, on August 30, 2023.
• Comunilife borrowed $34.6 million from Webster Bank for 171 Throop Avenue, Bedford-Stuyvesant, Brooklyn on December 08, 2022.