Sarah Leitson
Assitant Commissioner
NYC Department of Housing Preservation and Development
NYC Department of Housing Preservation and Development NYC portfolio
$286.9 million -development 34%, Q0 30%, specialty 21%; Queens 39%, Manhattan 30%, Brooklyn 29%*
742th largest portfolio by dollar value
165,018 sqft – specialty 46%, elevator 34%, walkup 16%; Manhattan 77%, Brooklyn 20%, Queens 2%
1767th largest by SF
81 properties – Queens 49%, Brooklyn 35%, Manhattan 13%
93th largest
95 residential units – Manhattan 65%, Brooklyn 32%, Queens 2%
1856th largest by residential units
0 foreclosures, 0 bankruptcies, 5 other court cases.
Person Activity past 24 months:
Lender signatory: 6 for $553.5 million
Top Ten Associated Companies:
Neighborhood Restore (1), Bowery Residents’ Committee (1), Urban Pathways (1), Slate Property Group (1), Breaking Ground (1), Elmcor (1), HELP USA (1)
Top Ten Associated People:
Salvatore D’Avola (1), Lilia Marini-Calves (1), Frederick Shack (1), David Schwartz (1), David Walsh (1), Shanel Thomas (1), David Cleghorn (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.
• HELP USA borrowed $11.1 million from NYC Department of Housing Preservation and Development for 1210 Simpson Street, East Morrisania, Bronx on January 23, 2026.
• Slate Property Group and Breaking Ground borrowed $295.5 million from Wells Fargo, NYS Housing Finance Agency, NYC Department of Housing Preservation and Development and Low Income Investment Fund for 377 7 Avenue on December 19, 2025.
• Urban Pathways borrowed $6.8 million from NYC Department of Housing Preservation and Development for 316 East 162 Street on November 05, 2025.
• Bowery Residents’ Committee borrowed $139.5 million from Citibank and NYC Department of Housing Preservation and Development for 1179 Walton Avenue on September 11, 2025.
• Elmcor borrowed $10.8 million from NYC Department of Housing Preservation and Development for 104-10 Northern Boulevard on November 19, 2024.