Hooshang Nematzadeh
Owner
Hooshang Nematzadeh portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$598,000 – development 100%; Queens 100%, Manhattan 0%
6701th largest portfolio by dollar value
3,210 sqft – development 100%;
6805th largest by SF
29 residential units – Queens 100%, Manhattan 0%
769th largest by residential units
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 1 for $9.2 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Flushing Bank (1), Sterling National Bank (1)
Top Ten Associated People:
H. Michael Lynch (1)
Recent activity as signatory:
• Hooshang Nematzadeh borrowed $9.2 million from Flushing Bank for 65-25 Queens Boulevard, Woodside, Queens on October 11, 2023.
• Nemat Development borrowed $10.2 million from Sterling National Bank for 41-18 43rd Street, Sunnyside, Queens on May 26, 2021.