Noorollah Asherian

Owner

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

$45.9 million – office 58%, elevator 39%; Manhattan 51%, Queens 48%

986th largest portfolio by dollar value

226,703 sqft – elevator 52%, office 46%;

1065th largest by SF

8 properties – Queens 62%, Manhattan 37%

149th largest

170 residential units – Queens 87%, Manhattan 12%

628th largest by residential units

Buyer signatory: 0 for $0

Seller signatory: 1 for $7.5 million

Borrower signatory: 1 for $24.5 million

Lender signatory: 0 for $0

Developer (new building or major alteration): 0 for 0 square feet

Melissa LeRoy (1), Rudolf Abramov (1), Cleopatra Kokkinos (1)

• A&R Properties Group borrowed $24.5 million from Valley National Bank for 157-07 72nd Avenue, Flushing, Queens on April 30, 2024.

• A&R Properties Group sold 138-21 Queens Blvd. and 138-13 Queens Boulevard, Briarwood, Queens for $7.5 million to RJ Capital Holdings on May 30, 2023.

• Noorollah Asherian borrowed $17.2 million from Valley National Bank for 160-14 Hillside Avenue, Jamaica, Queens on July 08, 2022.

• Noorollah Asherian borrowed $5.8 million from TD Bank for 177-16 87th Drive, Jamaica Estates, Queens on June 27, 2022.

• A&R Properties Group borrowed $12.5 million from Valley National Bank for 1650 Madison Avenue, East Harlem, Manhattan on April 19, 2022.

• A&R Properties Group borrowed $24.5 million from Valley National Bank for 157-07 72nd Avenue, Flushing, Queens on September 23, 2021.

• Noorollah Asherian borrowed $12.8 million from Citibank for 4701 Queens Blvd, Sunnyside, Queens on August 23, 2021.

• Noorollah Asherian borrowed $19.5 million from Morgan Stanley for 160 East 56th Street, Plaza District, Manhattan on May 05, 2021.

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