Among their troubled properties is a 35-story, 1.3-million-square-foot building at 1585 Broadway, between West 47th and 48th Streets.
It said that a large part of the addition to its reserves was for troubled properties in the Southwest.
Hale House's decadelong role as owner of the troubled property is yet another sign of serious problems at the charity.
It has bought some small shopping centers and is also seeking to take over management of troubled properties.
The number of troubled properties has dwindled as the state's real estate market has improved.
It fears the same cycle will start again in private owners take over troubled property.
Washington Harbour was an increasingly troubled property as it entered its second year.
At present the tax is primarily interfering with workouts of troubled property.
Since last summer, the city has also increased its reinspections of troubled properties.
During the Depression he bought financially troubled properties in Baltimore and held onto them until the tide turned.