THE CONDO BOOK PROJECT

Arion Fund

Named as the sponsor's construction lender in 3 New York City condominium offering plans, in the plan's text, where the sponsor says it has obtained its construction loan or financing, or, where the plan doesn't name one, as the lender on the mortgage and building loan agreement recorded in ACRIS on the building's lot before the plan was accepted. Each building below links the plan page or the recorded document. Where an amendment names a new lender, that lender is counted.

Arion Fund's 3 buildings in these plans are all in Brooklyn, 67% new construction, 8 units at the middle, offered at an average $1M per unit. Check size: $6.3M typical (the median of 3 loans whose size the plan states or ACRIS records), from $4.2M to $7.3M.

Buildings
3
Residential units
31
Typical check
$6.3M
Years
2022–2025
ManhattanBrooklynQueensBronxStaten Island 385 Vernon Avenue Condominium, 385 Vernon Avenue1160 Greene Avenue Condominium, 1160 Greene Avenue632 Metropolitan Avenue Condominium, 632 Metropolitan Avenue

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Recent Growth

Arion Fund's buildings and units by year for the last 6 years, and whether the pace is rising or falling.

1 building accepted in 2024–2026 (2026 to date), against 1 in 2021–2023: level. 50% of all 2 dated buildings are from the last 3 years.

Year acceptedBuildingsUnits
2026 to date0—
2025116
20240—
20230—
202217
20210—

Latest: 385 Vernon Avenue Condominium, accepted May 29, 2025. 1 plan without an acceptance date isn't counted.

Strongest Relationships

The firms named most often on the same buildings as Arion Fund, at least 2 in common.

Tax consultants

  • RE Tax Service2 shared buildings · 67% of Arion Fund's · 2022–2025

From the same offering plans as the table below. A firm's own affiliates aren't counted.

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CondominiumAcceptedUnitsLoan
385 Vernon Avenue Condominium385 Vernon Avenue · Brooklyn · rehabRecorded as Arion Fund, LLC · Sponsor: 385 Vernon Estates LLC · Recorded in ACRIS ↗202516$6.3M*
1160 Greene Avenue Condominium1160 Greene Avenue · Brooklyn · new constructionNamed as Arion Fund, LLC · Sponsor: 1160 Greene Development LLC · Named on p. 103 ↗20227$4.2M*
632 Metropolitan Avenue Condominium632 Metropolitan Avenue · Brooklyn · new constructionRecorded as Arion Fund, LLC · Sponsor: Hlp Mazza 632 Metropolitan, L.P. · Recorded in ACRIS ↗—8$7.3M*

Loan is the construction financing the plan states: its stated total, or the building, project and other loans it lists added up (hover for the parts); a loan only for buying the land isn't counted. Where the plan states no amount, a figure marked * is the mortgage and building loan agreement recorded in ACRIS for the same lender on the building's lot, linked to the document. — means neither has one. The typical check is the median of these loans. A bank that changed its name is counted under its current name. Different spellings of one lender's name are counted together.