Monadnock Development builds affordable, mixed-income, market-rate, luxury, and mixed-use housing in New York City for low-, middle-, and market-income residents, combining development, construction, financing, rehabilitation, property management, and asset management to create lasting neighborhood assets with community and commercial uses.
AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.
AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.
AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.
AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.
| Project | Overall | Structure & systems | Management & living |
|---|---|---|---|
| Compass Six ResidencesCrotona Park East and West Farms, New York261 units | 6.1/ 10 | —/ 10 | 6.1/ 10 |
The largest published review base located is the 18-review, 3.7/5 aggregate for the broader Compass Residences cluster, not Compass Six alone; under the supplied conversion curve it sets a 6.1 baseline. The building-specific material adds maintenance and safety concerns, but these are not used to invent a separate resident-review score or a structure score, and no second qualifying platform rating was found. | |||
The building-specific public record reports recurring heat and hot-water problems, elevator-related complaints, and September 2026 issues involving defective doors, garbage storage, bathroom ventilation, pests and paint/plaster. No building-specific published resident rating or written review was found that isolates Compass Six alone; the 3.7/5 rating reported above is for the broader Compass Residences cluster, so these physical-condition records should be treated as operational evidence rather than a resident-review score. | Published resident excerpts are mixed: one reviewer praised a “clean environment,” private courtyard, gym and “sweet” staff, but another reported an unlocked lobby, loud backyard parties, police activity and unanswered calls and emails. The building’s published materials list an on-site resident manager, security cameras, laundry, bike storage and outdoor recreation, while the review evidence does not establish that those services are consistently delivered. | ||
| 300 HuntingtonGowanus/Carroll Gardens, New York | 4.8/ 10 | —/ 10 | —/ 10 |
No applicable platform-level building rating was located, so the score uses the five individually read published comments. Two were positive, two negative, and one mixed/neutral; applying the prose-only share curve gives a provisional 4.8/10, with substantial uncertainty because these are public project-commentary posts rather than resident reviews. | |||
Published project reporting describes a fully electric building with energy-recovery ventilation, two 4,000-pound passenger/freight elevators, a green roof, and terraced stormwater planters. The only directly observed physical-condition commentary was aesthetic rather than a defect report: one commenter said, “Building is super meh,” while another questioned, “is it passive built?” | The available published commentary emphasizes the outdoor experience rather than resident operations: one commenter said, “Landscaping is great!” and another described the landscaping as “very okay” while adding, “LOVE IT.” No reviewed source located for this report supplied recurring complaints about management speed, staff attitude, security, or upkeep. |
Manhattan Bundle affordable rehabilitation partnership
Manhattan Bundle affordable rehabilitation partnership
Innovative Urban Village master plan partnership
Innovative Urban Village master plan partnership
Hunter’s Point South first two buildings
Hunter’s Point South first two buildings
The Manhattan Bundle is an affordable rehabilitation project developed by Monadnock in partnership with the Community Preservation Corporation (CPC), the Community Development Trust (CDT), Kalel Holdings and Lemor Development Group.
The Manhattan Bundle is an affordable rehabilitation project developed by Monadnock in partnership with the Community Preservation Corporation (CPC)
developed by Monadnock in partnership with the Community Preservation Corporation (CPC), the Community Development Trust (CDT), Kalel Holdings and Lemor Development Group.
The Manhattan Bundle is an affordable rehabilitation project developed by Monadnock in partnership with the Community Preservation Corporation (CPC), the Community Development Trust (CDT), Kalel Holdings and Lemor Development Group.
Developed in partnership with the Christian Cultural Center and the Gotham Organization.
Developed in partnership with the Christian Cultural Center and the Gotham Organization.
Developed in partnership with the Christian Cultural Center and the Gotham Organization.
Developed in partnership with the Christian Cultural Center and the Gotham Organization.
In 2010, Monadnock and its development partners at the Related Companies and Phipps Houses were selected to develop the first two buildings in New York’s next great neighborhood
Monadnock and its development partners at the Related Companies and Phipps Houses were selected to develop the first two buildings
Monadnock and its development partners at the Related Companies and Phipps Houses were selected to develop the first two buildings
Monadnock and its development partners at the Related Companies and Phipps Houses were selected to develop the first two buildings
| COMPANY NUMBER | 5584926 New York Department of State · US · Active |
| United States | active 9 projects tracked |
| Residential, for rent | 8 of 9 |
| Retail | 2 of 9 |
| Mixed use | 2 of 9 |
| Other | 1 of 9 |
| Office | 1 of 9 |
much-needed, high-quality housing across New York City.Commercial Observer December 2, 2025https://commercialobserver.com/2025/12/pccp-boa-175m-financing-brooklyn-multifamily-development/
He received a Bachelor of Architecture degree from Cornell University and in 1975, he founded Monadnock Construction.
He received a Bachelor of Architecture degree from Cornell University and in 1975, he founded Monadnock Construction.
A past president of the Associated General Contractors of New York State, Nick continues to serve on the boards of several nonprofit organizations.
Nick went on to found three other companies over the next three decades: The Hudson Companies, a real estate development firm; Capsys Corp., a modular building manufacturer; and Monadnock Development, a development company formed once he exited Hudson.
By Brian Pascus December 2, 2025 12:14 pm
# PCCP, US Bank Provide $175M Financing for Brooklyn Multifamily Development
Nick Lembo, founder and chairman of Monadnock Development, said in a statement that the project at 155 Third Street creates “much-needed, high-quality housing across New York City.”
Nick Lembo, founder and chairman of Monadnock Development, said in a statement that the project at 155 Third Street creates “much-needed, high-quality housing across New York City.”
Nick established Monadnock Development in 2005, which has since developed more than 11,000 apartments and homes across the region, including affordable and market-rate, for-sale and rental properties.
Nick established Monadnock Development in 2005, which has since developed more than 11,000 apartments and homes across the region, including affordable and market-rate, for-sale and rental properties.
The founder of Monadnock, Nick Lembo remains active in strategic planning and advising on Monadnock’s construction and development operations.
Nick was born and raised in Brooklyn. He received a Bachelor of Architecture degree from Cornell University and in 1975, he founded Monadnock Construction.
Nick Lembo, founder and chairman of Monadnock Development, said in a statement that the project at 155 Third Street creates “much-needed, high-quality housing across New York City.”
Opportunities are scarce.Urban Land Magazine February 25, 2025https://urbanland.uli.org/issues-trends/celebrating-black-history-highlighting-success-stories-and-opportunities-in-nyc-commercial-real-estate
Diversity is not a favor.Urban Land Magazine February 25, 2025https://urbanland.uli.org/issues-trends/celebrating-black-history-highlighting-success-stories-and-opportunities-in-nyc-commercial-real-estate
Kirk received a juris doctorate degree from Fordham University, a master of urban planning from the University of Illinois Urbana-Champaign, and a bachelor of science from Cornell University.
Kirk Goodrich serves as the President of Monadnock Development
# kirk goodrich Partner, Monadnock Development
Kirk has been Chairman of the New York State Association for Affordable Housing (NYSAFAH) since June 2019. He serves on the executive committee of Citizens Housing & Planning Council (CHPC) and on the board of the Metro Industrial Area Foundation Community Restoration Fund.
Prior to arriving at Enterprise in 1998, Kirk worked as a project manager for the Redevelopment Authority of Philadelphia handling property disposition and underwriting homeownership developments such as West Poplar Nehemiah, in North Philadelphia east of Broad Street.
By Bendix Anderson February 25, 2025
“Opportunities are scarce,” said Kirk Goodrich, president of Monadnock Development, based in Brooklyn.
By Bendix Anderson February 25, 2025
“Diversity is not a favor,” Goodrich said.
Kirk Goodrich serves as the President of Monadnock Development and has more than 30 years of experience in the fields of community development, affordable housing finance and real estate development.
Partner - Monadnock Development (Current) Jul 2010 - Present
During that period, his team financed 12,000 units of affordable housing and invested approximately $1 billion.
Kirk Goodrich serves as the President of Monadnock Development and has more than 30 years of experience in the fields of community development, affordable housing finance and real estate development.
From 1998 to 2008,Kirk led the housing tax credit syndication business for Enterprise Community Investment - first in New York City and then in the northeast region.
Kirk Goodrich serves as the President of Monadnock Development and has more than 30 years of experience in the fields of community development, affordable housing finance and real estate development.
Peter studied architecture at the Georgia Institute of Technology.
Peter Hansen is a Vice Chairman and Principal at Monadnock Construction.
Jens Peter Hansen Monadnock Construction, Inc.
Nick Lembo and Peter Hansen remain “Of Counsel” to both companies, offering strategic guidance and continuity rooted in decades of experience.
Hansen is a partner in the firm and has served as vice-president for many years after joining the company as a superintendent in 1984.
Nick Lembo and Peter Hansen remain “Of Counsel” to both companies, offering strategic guidance and continuity rooted in decades of experience.
Peter Hansen is a Vice Chairman and Principal at Monadnock Construction.
Prior to joining Monadnock in 1984, Peter Hansen was a residential contractor and worked for an architectural firm and a not-for-profit housing organization.
Nick Lembo and Peter Hansen remain “Of Counsel” to both companies, offering strategic guidance and continuity rooted in decades of experience.
Greg is a principal of Monadnock and as President oversees all day-to-day aspects and functions of the construction company.
Greg is a principal of Monadnock and as President oversees all day-to-day aspects and functions of the construction company.
After successfully completing multiple projects for Monadnock, Greg became a partner in the company during 2002.
Significant projects undertaken during that period and overseen by Greg include the multi-building Riverwalk project on Roosevelt Island, the Courtlandt Corners project in the Bronx, and the first phase of the Hunters Point South middle-income housing development in Long Island City.
Greg is a principal of Monadnock and as President oversees all day-to-day aspects and functions of the construction company.
After successfully completing multiple projects for Monadnock, Greg became a partner in the company during 2002.
Greg is a principal of Monadnock and as President oversees all day-to-day aspects and functions of the construction company.
Greg is a principal of Monadnock and as President oversees all day-to-day aspects and functions of the construction company.
The key is to triangulate the uses that the neighborhood and our residents want with what is financially feasible.Commercial Search May 23, 2024https://www.commercialsearch.com/news/why-mixed-use-developments-are-all-about-the-right-synergies/
Co-locating in close proximity to our tenants and future occupants allows Monadnock the ability to continue our mission and reputation as providers of best-in-class real estate solutions to the community.New York Real Estate Journal November 14, 2023https://nyrej.com/monadnock-development-starts-leasing-for-136-000-s-f-mixed-use-building
He has a bachelor’s degree from Stanford University in Urban Studies with a Concentration in Architecture and Urban Design.
### Chief Operating Officer, Monadnock Development
By Adina Rogoz • May 23, 2024
# Why Mixed-Use Developments Are All About the Right Synergies
Dubinsky: The key is to triangulate the uses that the neighborhood and our residents want with what is financially feasible.
Posted: November 14, 2023
# Monadnock Development starts leasing for 136,000 s/f mixed-use building 300 Huntington
“Co-locating in close proximity to our tenants and future occupants allows Monadnock the ability to continue our mission and reputation as providers of best-in-class real estate solutions to the community.”
### Chief Operating Officer, Monadnock Development
Frank leads the development team and oversees the company’s developments in preconstruction and construction.
Frank Dubinsky is closing in on two decades of work developing and financing affordable housing.
### Chief Operating Officer, Monadnock Development
Alphonse received a Diploma from Stuyvesant High School, a Bachelor of Arts with honors from The University of Chicago, and a Master of Urban Planning degree from Harvard University (with a concentration in Real Estate Development and Finance).
Alphonse Lembo is a principal of both Monadnock Construction, Inc. ... and of Monadnock Development LLC.
He serves on the board of NYC Outward Bound Schools.
Prior to Monadnock he worked at Forsyth Street Advisors and JES Plumbing and Heating.
Alphonse Lembo is a principal of both Monadnock Construction, Inc., for which he directs all Preconstruction activities, and of Monadnock Development LLC.
In 2016, he became Monadnock’s Director of Preconstruction.
Alphonse joined Monadnock in 2010 as an Assistant Project Manager after having worked part-time as a laborer during his summer breaks from school. In 2016, he became Monadnock’s Director of Preconstruction.
He is a LEED AP and PHIUS+ Certified Passive House Consultant (CPHC).
Alphonse Lembo is a principal of both Monadnock Construction, Inc., for which he directs all Preconstruction activities, and of Monadnock Development LLC.
0 undated completions and 1 boundary-uncertain completions are retained but excluded from figures.
| Project | Location | Type | Units | Floors | Area | Cost | Payment plan | Launched | Construction start | Original target | Handover | Delay | Confidence | Status |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sarah Plowden Place | New York, United States East New York | residential for rent | 1841 | 8 | — | USD 135.9m other | — | — | — | — | Sep 2026 | — | not scorable | completed |
| Utica Crescent | New York, United States East Flatbush | residential for rent, retail, mixed use | 3221 | 12 stories | — | USD 256m construction loan | — | — | — | Jun 2026 | Jun 2026 | 0.0 mo (0.0 to 0.0) | estimated | completed |
| Nehemiah Spring Creek Phase 4C | New York, United States Brooklyn | residential for rent | 2401 | — | — | — | — | 2022 | December 2022 | May 2024 – Aug 2024 | Jan 2025 – Dec 2025 | +12.0 mo (+5.0 to +19.0) | sourced | completed |
| NYCHA - Manhattan Bundle | New York, United States Manhattan | residential for rent, other | 1,7181 | — | 1,937,000 sq ft | USD 383m other | — | 2019 | June 21, 2019 | May 2023 – Aug 2023 | Jun 2024 | +11.5 mo (+10.0 to +13.0) | estimated | completed |
| 300 Huntington | New York, United States Gowanus/Carroll Gardens | office, retail, mixed use | — | six-story | 136,000 sq ft | — | — | — | — | Jan 2023 – Dec 2023 | Jan 2024 – Dec 2024 | +12.0 mo (+1.0 to +23.0) | estimated | completed |
| Compass Six Residences | New York, United States Crotona Park East and West Farms | residential for rent | 2611 | 16 | 232,145 sq ft | — | — | 2021 | Mar 19, 2021 | Jan 2024 – Dec 2024 | May 2023 | more than 9 months early | estimated | completed |
| Nehemiah Spring Creek Phase 4B-2 | New York, United States Brooklyn | residential for rent | 2401 | — | — | — | — | 2020 | November 9, 2020 | — | Jan 2022 – Dec 2022 | — | not scorable | completed |
| Compass Residences Phase 3 | New York, United States Crotona Park East/West Farms | residential for rent | 3661 | — | 356,000 sq ft | — | — | — | — | Dec 2019 | Feb 2020 | +2.0 mo (+2.0 to +2.0) | sourced | completed |
| Nehemiah Spring Creek Phase 4B-1 | New York, United States | residential for rent | 1601 | — | — | — | — | — | — | — | Jan 2020 – Dec 2020 | — | not scorable | completed |
| Coverage | active |
| Tracked since | October 10, 2026 |
| Last checked | October 15, 2026 this month |
| Profile last researched | October 15, 2026 |
| Claim |