Rick Gropper

(Richard Gropper)

Founding Principal

Camber Property Group

Developer, Owner

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Camber Property Group NYC portfolio

$3.8 billion* – elevator 57.0%, condo 21.0%; Bronx 50.0%, Brooklyn 41.0%

45th largest portfolio by dollar value

10,101,497 sqft – elevator 70.0%, condo 14.0%;

24th largest by SF

87 properties – Bronx 58%, Brooklyn 25%

100th largest

9,420 residential units – Bronx 70.0%, Brooklyn 25.0%

11th largest by residential units

Person Activity past 24 months:

Buyer signatory: 5 for $119.4 million

Borrower signatory: 11 for $2.2 billion

Developer (new building or major alteration): 216 for 232,574 square feet

Top Ten Associated Companies:

Merchants Bank of Indiana (6), NYC Housing Development Corporation (6), Omni New York (5), Citibank (3), Merchants Capital (3), L+M Development Partners (3), Steven Vegh (3), Mordechai Kosolowitz (3), Legion Lighting (2), New York City Housing Authority (2)

Top Ten Associated People:

Eugene Schneur (5), Ron Moelis (3), Steven Vegh (3), Mordechai Kosolowitz (3), Bianca Geary (2), Michael Bellovin (2), Marc Chemtob (1), Brian Raddock (1), Nancy E. Sexton (1), Jacob Berger (1)

Recent activity as company:

• L+M Development Partners and Merchants Capital borrowed $326.3 million from NYS Housing Finance Agency for N/A Fountain Avenue, N/A Erskine Street, and N/A Fountain Avenue, None, Brooklyn on January 29, 2025.

• Camber Property Group borrowed $605 million from NYC Housing Development Corporation for 735 Lincoln Avenue, 671 Lincoln Avenue, 735 Lincoln Avenue, 2695 Linden Boulevard, N/A Eldert Lane, and others, East New York, Brooklyn on January 29, 2025.

• DeMatteis Organization sold 735 Lincoln Avenue, 671 Lincoln Avenue, 735 Lincoln Avenue, 2695 Linden Boulevard, N/A Eldert Lane, and others, East New York, Brooklyn for $87.7 million to Camber Property Group on January 24, 2025.

• Rick Gropper filed plans for new building for 232,573 sqft in Soundview, Bronx, on January 14, 2025.

• Camber Property Group borrowed $19.6 million from Merchants Bank of Indiana for 1971 Grand Avenue and 1975 Grand Avenue, Morris Heights, Bronx on November 07, 2024.

• Camber Property Group borrowed $63.5 million from Merchants Bank of Indiana for 2060 Pitkin Avenue, East New York, Brooklyn on November 07, 2024.

• Camber Property Group borrowed $96.3 million from Merchants Capital for 579 Blake Avenue, 592 Sutter Avenue, 330 Sheffield Avenue, and 350 Sheffield Avenue, East New York, Brooklyn on October 10, 2024.

• Camber Property Group and Harlem Congregations For Community Improvement borrowed $58.5 million from Merchants Bank of Indiana for 1131 Ogden Avenue, Highbridge, Bronx on October 10, 2024.

• Camber Property Group borrowed $71.1 million from NYC Housing Development Corporation for 1601 Dekalb Avenue, Bushwick, Brooklyn on January 03, 2024.

• Camber Property Group borrowed $44.5 million from Enterprise Community Partners for 1850 Lafayette Avenue and 1850 Lafayette Avenue, Soundview, Bronx on December 29, 2023.