Mike Nassimi
(Mike M. Nassimi)
Nassimi Realty
Owner
Nassimi Realty portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$203.3 million – office 99%, mixed-use 0%; Manhattan 96%, Brooklyn 3%
280th largest portfolio by dollar value
553,952 sqft – office 98%, mixed-use 1%;
546th largest by SF
5 properties – Brooklyn 60%, Manhattan 40%
152th largest
10 residential units – Brooklyn 100%, Manhattan 0%
788th largest by residential units
Person Activity past 24 months:
Buyer signatory: 2 for $36.9 million
Seller signatory: 1 for $3.6 million
Borrower signatory: 2 for $15.6 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Caspi Development (2), Mactaggart Family & Partners (2), Flagstar Bank (1), RXR Realty (1), Blackstone Group (1), Deutsche Bank (1), Metropolitan Commercial Bank (1), Bukharian Torah Society, Inc. (1), Aira Jewels (1)
Top Ten Associated People:
Ivaylo Ninov (2), Stephen R. Larocca (1), David Frank (1), Nerya Aminov (1), Varun Jain (1)
Recent activity as signatory:
• Nassimi Realty borrowed $10 million from Metropolitan Commercial Bank for 134 Broadway and 74 Broad Street, Williamsburg, Brooklyn on March 22, 2024.
• Caspi Developmentand Mactaggart Family & Partners sold 74 Broad Street, Financial District, Manhattan for $19.6 million to Nassimi Realty on January 08, 2024.
• Caspi Developmentand Mactaggart Family & Partners sold 134 Broadway, Williamsburg, Brooklyn for $17.3 million to Nassimi Realty on January 08, 2024.
• Nassimi Realty sold 10 West 46th Street, Midtown West, Manhattan for $3.6 million to Aira Jewels on May 15, 2023.
• Nassimi Realty borrowed $5.6 million from Flagstar Bank for 431 Knickerbocker Avenue and 427 Knickerbocker Avenue, Bushwick, Brooklyn on January 17, 2023.
• Hakimian Capitaland CH Capital Groupand Creed Equitiesand Nassimi Realtyand Empire Capital Holdings borrowed $215 million from Deutsche Bank for 1330 Avenue Of The Americas, Midtown West, Manhattan on November 28, 2022.
• RXR Realtyand Blackstone Group sold 1330 Avenue Of The Americas, Midtown West, Manhattan for $320 million to Hakimian Capitaland CH Capital Groupand Creed Equitiesand Nassimi Realtyand Empire Capital Holdings on November 28, 2022.
• Tova Mashadi Center of Kew Gardens sold 82-33 Lefferts Boulevard, Kew Gardens, Queens for $12 million to Bukharian Torah Society, Inc. on June 03, 2020.