Hersel Torkian

Torkian Group

Owner

Torkian Group portfolio

$116.7 million* – mixed-use 40%, elevator 38%; Manhattan 97%, Brooklyn 2%

493th largest portfolio by dollar value

203,443 sqft – elevator 59%, mixed-use 25%;

1198th largest by SF

18 properties – Manhattan 94%, Brooklyn 5%

504th largest

323 residential units – Manhattan 98%, Brooklyn 1%

618th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Person Activity past 24 months:

Buyer signatory: 4 for $40.9 million

Borrower signatory: 2 for $20.2 million

Developer (new building or major alteration): 29.0 for 26,875 square feet

Top Ten Associated Companies:

Provident Bank (2), Metropolitan Commercial Bank (2), Copperwood Real Estate (2), Daniel Smith (2), M&T Bank (2), Nicholas Stroghilas (1), Robert Macropoulos (1), Helen Macropoulos (1), John Macropoulos (1), Symetra Life Insurance Company (1)

Top Ten Associated People:

Paul B. Ciancimino (2), Daniel Smith (2), Robert Lemle (2), Nicholas Stroghilas (1), Robert Macropoulos (1), Helen Macropoulos (1), John Macropoulos (1), Craig Zajac (1), Ross Dahmen (1), Vincent J. Reilly (1)

Recent activity as company:

• Copperwood Real Estate and Daniel Smith sold 1382 2nd Avenue, 1384 2nd Avenue, 1386 2nd Avenue, and 1388 2nd Avenue, Lenox Hill, Manhattan for $3.8 million to Torkian Group on September 30, 2024.

• Copperwood Real Estate and Daniel Smith sold 1382 2nd Avenue, 1384 2nd Avenue, and 1386 2nd Avenue, Lenox Hill, Manhattan for $25 million to Torkian Group on September 30, 2024.

• Thor Equities and ASB Capital Management sold 120 Greenwich Street, 120 Greenwich Street, and 120 Greenwich Street, Financial District, Manhattan for $5 million to Torkian Group on July 22, 2024.

• Torkian Group borrowed $13.7 million from Symetra Life Insurance Company for 247 West 46th Street, Times Square, Manhattan on April 03, 2023.

• Torkian Group borrowed $6.5 million from Metropolitan Commercial Bank for 304 8th Avenue and 302 8th Avenue, Chelsea, Manhattan on March 06, 2023.

• Nicholas Stroghilas, Robert Macropoulos, Helen Macropoulos and John Macropoulos sold 304 8th Avenue, Chelsea, Manhattan for $7.2 million to Torkian Group on February 28, 2023.

• Torkian Group borrowed $7.8 million from Provident Bank for 123 5th Avenue, Flatiron District, Manhattan on June 03, 2022.

• Torkian Group borrowed $7 million from Provident Bank for 182 5th Avenue, Flatiron District, Manhattan on May 20, 2022.

• Torkian Group borrowed $31.2 million from New York Community Bank for 1265-1269 Broadway, Korea Town, Manhattan on December 02, 2021.

• Torkian Group borrowed $8 million from M&T Bank for 123 5th Avenue, Gramercy, Manhattan on October 07, 2021.