Majid Kahen

Kahen Properties

Owner

148 Madison Ave 16th Floor New York, NY 10016

Kahen Properties portfolio

(NYC’s “Market Value,” 50% or less of actual value)

$66.9 million – elevator 44%, walkup 35%; Manhattan 62%, Queens 19%

756th largest portfolio by dollar value

316,721 sqft – elevator 59%, walkup 28%;

852th largest by SF

13 properties – Manhattan 69%, Brooklyn 23%

144th largest

384 residential units – Manhattan 66%, Queens 21%

447th largest by residential units

0 foreclosures, 0 bankruptcies, 4 other court cases.

Notes

Majid is Alex Kahen’s father.

Person Activity past 24 months:

Buyer signatory: 2 for $8.1 million

Seller signatory: 0 for $0

Borrower signatory: 1 for $57 million

Lender signatory: 0 for $0

Developer (new building or major alteration): 1 for 2,207 square feet

Top Ten Associated Companies:

Jans Investment Company (2), Signature Bank (2), JPMorgan Chase (1), Tri-Star Equities (1), TD Bank (1), Property Markets Group (1), Santander Bank (1), Robinson Callen (1)

Top Ten Associated People:

Anthony Felzen (2), Ursula Flores (1), Rod Feldman (1), Brian Terry (1), Kevin Maloney (1), Lana Callen (1), Robin Callen (1), Claire Callen (1)

Recent activity as signatory:

• Majid Kahen filed plans for major alteration for 2,207 sqft in Gramercy, Manhattan, on November 05, 2024.

• Robinson Callen sold 190 3rd Avenue, Gramercy, Manhattan for $4.3 million to Kahen Properties on October 28, 2024.

• Property Markets Group sold 194 Third Avenue, Gramercy, Manhattan for $3.7 million to Kahen Properties on April 08, 2024.

• Kahen Properties borrowed $57 million from TD Bank for 1022 3rd Avenue, Lenox Hill, Manhattan on December 06, 2023.

• Kahen Properties borrowed $12 million from Signature Bank for 1022 3rd Avenue and 1026 3rd Avenue, Lenox Hill, Manhattan on July 27, 2022.

• Kahen Properties borrowed $6.8 million from Signature Bank for 1020 3rd Avenue, Lenox Hill, Manhattan on July 21, 2022.

• Jans Investment Company sold 1020 3rd Avenue, Lenox Hill, Manhattan for $11.2 million to Kahen Properties on July 21, 2022.

• Tri-Star Equities sold 1026 Third Avenue, Lenox Hill, Manhattan for $9.8 million to Kahen Properties on July 20, 2022.

• Jans Investment Company sold 1022 3rd Avenue, Lenox Hill, Manhattan for $12.8 million to Kahen Properties on July 20, 2022.

• Majid Kahen filed plans for new building for 9,899 sqft in Lenox Hill, Manhattan, on March 04, 2022.

Litigation:

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