Salvatore D’Avola
Neighborhood Restore
(Neighborhood Renewal, Neighborhood Restore HDFC, Neighborhood Restore Housing Development Fund Corporation, Restoring Communities, Restored Homes Housing Development Fund)
Owner
150 Broadway, Suite 2101 New York, NY 10038
Neighborhood Restore NYC portfolio
$376.3 million -walkup 61%, elevator 11%, mixed-use 10%; Manhattan 56%, Bronx 35%, Brooklyn 6%*
577th largest portfolio by dollar value
884,477 sqft – walkup 73%, elevator 17%, N9 3%; Bronx 64%, Manhattan 31%, Brooklyn 1%
536th largest by SF
74 properties – Manhattan 43%, Bronx 30%, Brooklyn 22%
104th largest
1,105 residential units – Bronx 58%, Manhattan 35%, Brooklyn 3%
302th largest by residential units
47 foreclosures, 0 bankruptcies, 0 other court cases.
Person Activity past 24 months:
Buyer signatory: 1 for $4 million
Seller signatory: 9 for $110.7 million
Borrower signatory: 5 for $207.6 million
Developer (new building or major alteration): 41 for 90,883 square feet
Top Ten Associated Companies:
Blackshore Realty Group (14), NYC Housing Development Corporation (3), NYC Department of Housing Preservation and Development (2), Settlement Housing Fund (2), Genesis Companies (2), Bridge Street Development Corporation (1), Promesa Foundation (1), HELP USA (1), ELH Management (1), Ponce Bank (1)
Top Ten Associated People:
Joseph Friedman (14), Fazeela Siddiqui (2), Amelia Rideau (2), Juan Barahona (2), Gregory Anderson (1), Raul Russi (1), David Cleghorn (1), Larry Hirschfield (1), Steven A. Tsavaris (1), Adeola Amory (1)
Recent activity as signatory:
• Neighborhood Restore borrowed $89.9 million from NYC Department Housing Preservation and Development for 819 East 178 Street on March 30, 2026.
• Neighborhood Restore sold 3601 Broadway for $17.8 million to Community League of the Heights on February 25, 2026.
• Neighborhood Restore sold 204 Avenue A for $8.7 million to 204 Avenue A HDFC on December 11, 2025.
• Harlem Congregations For Community Improvement and Neighborhood Restore borrowed $56.7 million from Webster Bank for 104 West 139 Street on November 21, 2025.
• Salvatore D’Avola filed plans for new building for 46,854 sqft in East Harlem, Manhattan, on October 23, 2025.
• Coney Realty Group sold 726 Bay 32 Street for $4 million to Neighborhood Restore on October 16, 2025.
• Salvatore D’Avola filed plans for major alteration for 8,855 sqft in East Harlem, Manhattan, on September 25, 2025.
• Neighborhood Restore sold 1179 Walton Avenue for $33.1 million to Bowery Residents’ Committee on September 11, 2025.
• Neighborhood Restore sold 50 Cameron Place for $32.3 million to MBD Community Housing Corporation on June 30, 2025.
• Neighborhood Restore sold 179 Chauncey Street for $2.7 million to Christopher S. Browne Sr. on May 30, 2025.
Latest Stories:
• Community Builders signs $68.4M construction loan for 89 units in Far Rockaway (October 31, 2025)
• Nonprofits trade 5-unit walkup in Crown Heights for $3.8M (October 22, 2024)
• MDG Design + Construction pays $5.9M for 16-unit walkup in Harlem (December 20, 2022)
• HELP USA signs $51.9M construction loan with the city for Bronx rentals (July 30, 2021)
• Neighborhood Restore pays $122M to Blackshore Realty for 15 properties (July 14, 2021)