Peter Serpico

141 W 36th St. 14th Floor, New York, NY 10018

Vertical Community Development

Omnibuild|Vertical Community Development NYC portfolio

Other Links:

https://verticalcd.com/about-us/

Notes

Person Activity past 24 months:

Borrower signatory: 1 for $14.8 million

Developer (new building or major alteration): 4 for 0 square feet

Top Ten Associated Companies:

NYC Housing Development Corporation (1), Valley National Bank (1), Yenny Castillo (1), Corporation for Supportive Housing (1), Supportive Housing Solutions Fund (1), Altmark Group (1)

Top Ten Associated People:

Yenny Castillo (1), Adi Altmark (1)

Recent activity as signatory:

• Jericho Project and Vertical Community Development borrowed $14.8 million from Corporation for Supportive Housing for 526 Bergen Avenue on June 26, 2025.

• Vertical Community Development borrowed $16 million from Supportive Housing Solutions Fund for 4551 Furman Avenue on March 29, 2024.

• Altmark Group sold 4551 Furman Avenue for $10.5 million to Vertical Community Development on March 29, 2024.

• Peter Serpico filed plans for new building for 114,876 sqft in Soundview, Bronx, on December 21, 2023.

• Peter Serpico and Carmine Dellacava sold 3333 Hull Avenue for $4.4 million to Yenny Castillo on August 08, 2023.

• Vertical Community Development borrowed $92 million from NYC Housing Development Corporation for 287 East 148 Street on June 27, 2023.

• Peter Serpico and Payman Yadidi borrowed $87 million from Valley National Bank for 440 East 189 Street on May 24, 2022.

• Peter Serpico filed plans for new building for 191,550 sqft in Belmont/Little Italy, Bronx, on March 01, 2019.

• Peter Serpico filed plans for new building for 112,263 sqft in Mott Haven, Bronx, on December 28, 2018.

Latest Stories:

• Garment District hotel sells for $68.7M in opaque transaction, buyer borrows $68.35M (October 07, 2025)

• Jericho Project, Vertical Community pay $6M to BNS for dev site in Mott Haven (July 03, 2025)

• Vertical Community Dev. pays $10.5M to Altmark for industrial in Wakefield (April 04, 2024)

• Yenny Castillo pays $4.4M for three walkups with 24 units in Norwood (August 17, 2023)

• McSam Hotel sells stake in Hudson Yards hotel valued at $47.4M (June 28, 2021)

• Peter Serpico of Omnibuild borrows $10M from New York City Acquisition Fund for property in Mott Haven (March 09, 2020)

• McSam Hotel Group borrows $64M from Deutsche Bank for new hotel in Hudson Yards (February 14, 2020)

• Larry A. Wohl borrows $12M from Bank of New York Mellon for a hotel in Hudson Yards (November 07, 2019)

Court Records:

Properties: