Salvatore D’Avola

Neighborhood Restore

(Neighborhood Restore HDFC, Neighborhood Restore Housing Development Fund Corporation, Restoring Communities)

Owner

150 Broadway, Suite 2101 New York, NY 10038

Neighborhood Restore NYC portfolio

$762.1 million* – walkup 69.0%, mixed-use 9.0%; Bronx 53.0%, Manhattan 40.0%

209th largest portfolio by dollar value

1,159,719 sqft – walkup 72.0%, elevator 19.0%;

291th largest by SF

86 properties – Manhattan 41%, Bronx 34%

103th largest

1,459 residential units – Bronx 66.0%, Manhattan 27.0%

153th largest by residential units

Person Activity past 24 months:

Seller signatory: 3 for $15.6 million

Borrower signatory: 2 for $38 million

Developer (new building or major alteration): 55 for 220,609 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), Promesa Foundation (1), ELH Management (1), MHANY Management (1), MDG Design + Construction (1), Northern Manhattan Improvement Corporation (1)

Top Ten Associated People:

Joseph Friedman (14), Fazeela Siddiqui (2), Amelia Rideau (2), Raul Russi (1), Larry Hirschfield (1), Ismene Speliotis (1), Michael Rooney (1), Maria Lizardo (1), Juan Barahona (1), John M. Reilly (1)

Recent activity as company:

• Neighborhood Restore, Banana Kelly and Community Assisted Tenant Controlled Housing borrowed $31.2 million from Ponce Bank for 51 East 129th Street and 1263 Park Avenue, East Harlem, Manhattan on January 08, 2025.

• Neighborhood Restore sold 1216 Pacific Street, Crown Heights, Brooklyn for $3.8 million to Bridge Street Development Corporation on October 21, 2024.

• Neighborhood Restore borrowed $6.8 million from NYC Housing Development Corporation for 1083-1087 Bryant Avenue, 1454 Grand Concourse, 1575 Townsend Avenue, 1245 Findlay Avenue, 2160 Walton Avenue, and others, Longwood, Bronx on October 01, 2024.

• Neighborhood Restore sold 535 East 12th Street, Alphabet City, Manhattan for $6.9 million to SMJ Development on September 26, 2024.

• Neighborhood Restore sold 21 Arden Street, Washington Heights, Manhattan for $5 million to Northern Manhattan Improvement Corporation on March 25, 2024.

• Salvatore D’Avola filed plans for new building for 35,401 sqft in Bronx, on September 06, 2023.

• Salvatore D’Avola filed plans for new building for 6,637 sqft in Hunts Point, Bronx, on March 23, 2023.

• Neighborhood Restore sold 518 West 161st Street, Washington Heights, Manhattan for $6.7 million to MHANY Management on January 10, 2023.

• Neighborhood Restore HDFC sold 508 West 134th Street, Harlem, Manhattan for $5.9 million to MDG Design + Construction on December 19, 2022.

• Neighborhood Restore Housing Development Fund Corporation sold 981 Amsterdam Avenue, Upper West Side, Manhattan for $5.9 million to Genesis Companies on November 14, 2022.