Nilesh S. Shah
Owner
Nilesh S. Shah portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$6.6 million – elevator 100%; Manhattan 100%, Bronx 0%
3298th largest portfolio by dollar value
23,568 sqft – elevator 100%;
3923th largest by SF
41 residential units – Manhattan 100%, Bronx 0%
757th largest by residential units
Top Ten Associated Companies:
First National Bank of Long Island (3), Sterling National Bank (2), Madison Realty Capital (1), Abington Properties (1)
Top Ten Associated People:
David Speiser (1), Jane F. Reed (1), Mark D. Kalimian (1)
Recent activity as signatory:
• Monarch Realty Holdings borrowed $11.5 million from First National Bank of Long Island for 188 Claremont Avenue, 184 Claremont Avenue, and 186 Claremont Avenue, Morningside Heights, Manhattan on May 06, 2022.
• Madison Realty Capital sold 134-35 Springfield Boulevard, Laurelton, Queens for $6.8 million to Monarch Realty Holdings on January 07, 2022.
• Monarch Realty Holdings borrowed $5.1 million from First National Bank of Long Island for 134-35 Springfield Boulevard, Laurelton, Queens on January 07, 2022.
• Monarch Realty Holdings borrowed $8.2 million from Sterling National Bank for 3139 Broadway, Morningside Heights, Manhattan on December 14, 2021.
• Monarch Realty Holdings borrowed $18 million from Sterling National Bank for 41 Tiemann Place, Morningside Heights, Manhattan on December 14, 2021.
• Abington Properties sold 425 East 80th Street, Upper East Side, Manhattan for $12.7 million to Nilesh S. Shah on November 15, 2021.
• Nilesh S. Shah borrowed $9.5 million from First National Bank of Long Island for 425 East 80th Street, Upper East Side, Manhattan on November 15, 2021.
Latest Stories:
• Monarch Realty signs $11.5M refi for 3 walkups in Morningside Heights May 09, 2022
• Monarch Realty pays $6.8M to Madison Realty Capital for school in Laurelton January 10, 2022
• Madison Realty Capital leases building for public school in Laurelton April 02, 2020