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    Monadnock Development

    155 3rd Street
    Brooklyn, NY 11231
    (718) 875-8160
    Website
    [email protected]

    Monadnock Development is a general contracting and construction management firm that has built more than 13,000 housing units in the New York City area since its establishment in 1975.

    The firm is perhaps best-known in the city proper as the construction muscle and know-how behind luxury developments such as 1 John Street, 520 West 23rd Street, the Harrison on the Upper East Side, and the Hunters Point complex on the Queens waterfront. Monadnock can handle projects of up to $250 million in construction cost.

    The firm also handles affordable-housing and assisted-living projects; and has carved a bit of a niche locally developing some of New Yorks first micro-units.

    Nick Lembo started Monadnock and is its president. The firm is headquartered at 155 Third Street in Gowanus, Brooklyn. -TA

    Monadnock Development, Founder and President
    155 3rd Street, Brooklyn, NY, 718.875.8160
    In 1975, Nick Lembo started Monadnock Development, general contracting and construction management firm...
    • Event Financing
    • Address 111 West 141st Street
    • Neighborhood Central Harlem
    • Borough Manhattan
    • Price $ 22,000,000
    • Publication Date 01/10/2020
    • Event Date 01/08/2020
    • Party 1 Monadnock Development
    • Party 2 New York City Housing Development Corporation
    notes
    The buyer secured an acquisition loan of $22 million for the Central Harlem portfolio.
    • Event Sales
    • Address 111 West 141st Street
    • Neighborhood Central Harlem
    • Borough Manhattan
    • Price $ 17,000,000
    • Publication Date 01/10/2020
    • Event Date 01/08/2020
    • Party 1 Aulder Capital
    • Party 2 Monadnock Development
    notes
    The buyer secured the Central Harlem portfolio for $17 million.
    • Event Financing
    • Address 986 Washington Avenue
    • Neighborhood Morrisania
    • Borough Bronx
    • Price $ 36,000,000
    • Publication Date 01/10/2020
    • Event Date 12/06/2019
    • Party 1 Monadnock Development
    • Party 2 Wells Fargo, New York City Housing Preservation and Development
    notes
    The owner secured a loan of $36 million for the Morrisania portfolio.
    • Event Retail Leasing
    • Address 201 East 125th Street
    • Neighborhood Central Harlem
    • Borough Manhattan
    • Square feet 45,885
    • Publication Date 06/20/2019
    • Event Date 06/20/2019
    • Party 1 Richman Group Development, Bridges Development Group, Monadnock Development, Hope Community Development, El Barrio Operation Fightback
    • Party 1 Brokerage Bridges Development Group, Ripco Real Estate
    • Party 1 Broker Michael Berfield
    • Party 2 Food Bazaar
    • Party 2 Brokerage ABS Partners Real Estate
    • Party 2 Broker Mark Tergesen, Joe Italiaander
    notes
    The grocery store signed a 20-year lease for the Central Harlem space.
    • Event Financing
    • Address 335 East 27th Street
    • Neighborhood Kips Bay
    • Borough Manhattan
    • Square feet 20,593
    • Price $ 10,000,000
    • Publication Date 08/01/2017
    • Event Date 06/17/2017
    • Party 1 Monadnock Development
    • Party 2 M&T Realty Capital
    • Party 2 Brokerage M&T Realty Capital
    • Party 2 Broker Michael Chavkin, Joe Pizzutelli, Douglas Tilley
    notes
    The developer secured a $10 million construction loan
    • Event Retail Leasing
    • Address 335 East 27th Street
    • Neighborhood Kips Bay
    • Borough Manhattan
    • Square feet 600
    notes
    The certified organic coffee shop signed a 10-year lease for the opening of its third location.
    • Event Financing
    • Address 133-45 41st Avenue
    • Neighborhood Flushing
    • Borough Queens
    • Square feet 43,200
    • Price $ 91,000,000
    notes
    The partnership secured a $91 million construction loan for the mixed-use complex with parking, affordable housing, and retail space.
    Bronx, 10460
    MONADNOCK DEVELOPMENT, LLC
    1524 Boone Avenue is a 118,216 square foot building in the East Morrisania...
    Bronx, 10460
    MONADNOCK DEVELOPMENT, COMPASS JV THREE LLC
    ...
    Bronx, 10460
    MONADNOCK DEVELOPMENT, LLC
    1524 Boone Avenue is a 118,216 square foot building in the East Morrisania...
    Bronx, 10460
    Monadnock Construction, MONADNOCK DEVELOPMENT, LLC
    1520 Boone Avenue is a 156,097 square foot building in the East Morrisania...
    Bronx, 10460
    Monadnock Development, COMPASS JV THREE LLC
    ...
    Queens, 11355
    MONADNOCK DEVELOPMENT, ONE FLUSHING MM LLC C/O HPD
    This property is a new development. The developer(s) filed plans in March of...
    Bronx, 10460
    MONADNOCK DEVELOPMENT, MONADNOCK DEVELOPMENT, LLC
    This property is a new development. The developer(s) filed plans in October of...
    Manhattan, 10016
    Monadnock Development, MONADNOCK DEVELOPMENT, LLC
    335 East 27th Street is a 28,239 square foot building in the Kips...
    Manhattan, 10031
    Monadnock Development, BGCH APARTMENTS, LLC
    521 West 145th Street is a 95,112 square foot building in the Harlem...
    Bronx, 10460
    Monadnock Construction, MONADNOCK DEVELOPMENT, LLC
    1512 Boone Avenue is a 228,198 square foot building in the East Morrisania...
    Bronx, 10460
    Monadnock Construction, MONADNOCK DEVELOPMENT, LLC
    1520 Boone Avenue is a 156,097 square foot building in the East Morrisania...

    01/01/2018
    Meanwhile, Monadnock Development, the East Brooklyn Congregations and the Department of Housing Preservation and Development filed plans in September for a 240-unit affordable rental development as part of the sprawling Nehemiah Spring Creek development, which sits on city-owned land adjacent to the Gateway Center shopping mall...

    12/29/2017
    The firm's work is heavily focused on schools, affordable housing, parks and infrastructure, and its largest project this year is no exception. In January, affordable housing developer Phipps Houses filed plans for 250 Euclid Avenue in the Cypress Hills section of East New York. The project is expected to have just over 400 units and span nearly 400,000 square feet. The firm's second largest project initiated this year was a 350,650-square-foot affordable housing development at 1560 Boone Avenue in the Bronx. Monadnock Development filed plans for the 16-story building in August...

    12/29/2016
    A TRD analysis last year showed that the firm was the most prolific in Manhattan from 2010 to 2015, as the design architect or the architect of record for 27 projects during that time. The firm was founded in 1941 and has worked as the architect of record on many high-profile projects with the likes of Zaha Hadid, Rem Koolhaas and Renzo Piano. The biggest project filed in 2016 involving SLCE was an affordable housing development in Flushing. In March, affordable builder Monadnock Development filed a permit application for "One Flushing," a 232-unit, 227,000-square-foot residential, retail and community facility...

    12/07/2015
    The project with the most units was once again in the Bronx, however, where Monadnock Development applied to build one of the Compass Residences buildings, which will include 185 units at 1905 West Farms Road...
    Bronx, 10460
    MONADNOCK DEVELOPMENT, COMPASS JV THREE LLC
    ...
    Bronx, 10460
    Monadnock Development, COMPASS JV THREE LLC
    ...
    Queens, 11355
    MONADNOCK DEVELOPMENT, ONE FLUSHING MM LLC C/O HPD
    This property is a new development. The developer(s) filed plans in March of...
    Bronx, 10460
    MONADNOCK DEVELOPMENT, MONADNOCK DEVELOPMENT, LLC
    This property is a new development. The developer(s) filed plans in October of...
    Manhattan, 10016
    Monadnock Development, MONADNOCK DEVELOPMENT, LLC
    335 East 27th Street is a 28,239 square foot building in the Kips...
    Manhattan, 10031
    Monadnock Development, BGCH APARTMENTS, LLC
    521 West 145th Street is a 95,112 square foot building in the Harlem...
    Bronx, 10460
    Monadnock Construction, MONADNOCK DEVELOPMENT, LLC
    1512 Boone Avenue is a 228,198 square foot building in the East Morrisania...
    Bronx, 10460
    Monadnock Construction, MONADNOCK DEVELOPMENT, LLC
    1520 Boone Avenue is a 156,097 square foot building in the East Morrisania...
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