A&R Properties Group

$5.5 million* – development 51%, elevator 44%; Queens 56%, Manhattan 43%

3644th largest portfolio by dollar value

16,900 sqft – elevator 88%, retail 11%;

4461th largest by SF

4 properties – Manhattan 50%, Queens 50%

2052th largest

130 residential units – Queens 89%, Manhattan 10%

1196th largest by residential units

Seller company: 1 for $7.5 million

Borrower company: 2 for $30 million

Declan Meagher (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 borrowed $5.5 million from Valley National Bank for 1661 Madison Avenue, East Harlem, Manhattan on June 06, 2023.

• 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.

• 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 for Joshua Asherian filed plans for new building for 60,800 sqft in Jamaica, Queens, on September 24, 2021.

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

• A&R Properties Group borrowed $5.5 million from Arbor Realty Trust for 190-11 Hillside Avenue, Holliswood, Queens on June 15, 2021.

• A&R Properties Group for Joshua Asherian filed plans for new building for 27,575 sqft in East Harlem, Manhattan, on February 26, 2021.

• A&R Properties Group for Joshua Asherian filed plans for new building for 74,405 sqft in Flushing, Queens, on January 27, 2021.

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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