Spencer Hodes
Vice President Of Acquisitions And Asset Management
Dermot Company
Dermot Company NYC portfolio
$2.1 billion -condo 56%, elevator 43%; Manhattan 68%, Brooklyn 26%, Queens 5%*
111th largest portfolio by dollar value
3,908,156 sqft – condo 57%, elevator 42%; Manhattan 65%, Brooklyn 25%, Queens 8%
106th largest by SF
14 properties – Manhattan 52%, Brooklyn 36%, Queens 12%
719th largest
3,727 residential units – Manhattan 64%, Brooklyn 26%, Queens 9%
77th largest by residential units
0 foreclosures, 0 bankruptcies, 2 other court cases.
Top Ten Associated Companies:
Azora Exan (2), Helaba (1)
Top Ten Associated People:
Recent activity as signatory:
• Dermot Company borrowed $35 million from Azora Exan for 101 3 Avenue on October 19, 2022.
• Azora Exan sold 101 3 Avenue for $45.5 million to Dermot Company on October 19, 2022.
• Dermot Company borrowed $120 million from Helaba for 527 West 42 Street on July 29, 2022.