Kassin Sabbagh Realty

1385 Broadway Floor 22 New York, NY 10018

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Kassin Sabbagh Realty portfolio

$22.8 million* – condo 66%, retail 15%; Queens 56%, Manhattan 19%

1607th largest portfolio by dollar value

96,427 sqft – condo 62%, retail 16%;

1982th largest by SF

80 properties – Queens 92%, Brooklyn 3%

119th largest

51 residential units – Queens 45%, Manhattan 39%

2149th largest by residential units

2 foreclosures, 0 bankruptcies, 3 other court cases.

Company Activity past 24 months:

Buyer company: 7 for $62.1 million

Seller company: 1 for $8 million

Borrower company: 3 for $24.5 million

Lender company: 1 for $0

Top Ten Associated Companies:

Bluestone Group (3), East West Bank (2), Rodney B. Alberts (1), David Wei Huang (1), Howard Hua (1), Keystone Management (1), Faraidoon Golyan (1), M.P. Management (1), Signature Bank (1), Wharton Properties (1)

Top Ten Associated People:

Marc Mendelsohn (3), Andrew N. Cutler (1), Howard Hua (1), Janny Cheung (1), Dan Shalom (1), Faraidoon Golyan (1), Kenneth A. Stagnari (1), Edward Shllaku (1), Frank Bruno Jr. (1)

Recent activity as company:

• Kassin Sabbagh Realty borrowed $13.2 million from Maxim Capital Group for 142-28 38th Avenue, 142-28 38th Avenue, 142-28 38th Avenue, 142-28 38th Avenue, 142-28 38th Avenue, and others, Flushing, Queens on November 19, 2024.

• Ai Guang Chen and Jin Wu Yu sold 142-28 38th Avenue, 142-28 38th Avenue, 142-28 38th Avenue, 142-28 38th Avenue, 142-28 38th Avenue, and others, Flushing, Queens for $23.5 million to Kassin Sabbagh Realty on November 19, 2024.

• Kassin Sabbagh Realty sold 99-44 62nd Avenue, Rego Park, Queens for $8 million to Edward Shllaku on November 08, 2024.

• M.P. Management borrowed $0 from Kassin Sabbagh Realty for 255 Linden Street and 263 Linden Street, Bushwick, Brooklyn on August 26, 2024.

• Faraidoon Golyan sold 99-44 62nd Avenue, Rego Park, Queens for $5.8 million to Kassin Sabbagh Realty on April 22, 2024.

• Kassin Sabbagh Realty borrowed $5.9 million from East West Bank for 452 West 36th Street, Hudson Yards, Manhattan on November 16, 2023.

• Keystone Management sold 452 West 36th Street, Hudson Yards, Manhattan for $5 million to Kassin Sabbagh Realty on November 16, 2023.

• Kassin Sabbagh Realty borrowed $5.3 million from East West Bank for 4225 White Plains Road, Wakefield, Bronx on April 25, 2023.

• Howard Hua sold 4225 White Plains Road, Wakefield, Bronx for $4.3 million to Kassin Sabbagh Realty on April 25, 2023.

• Bluestone Group sold 90-02 Queens Boulevard, Elmhurst, Queens for $10.4 million to Kassin Sabbagh Realty on April 21, 2023.

Latest Stories:

• Kassin Sabbagh Realty affiliate acquires 23-unit Flushing condo in bankruptcy (November 20, 2024)

• Edward Shllaku pays $8M to KSR for once bankrupt 62-unit rental in Rego Park (November 11, 2024)

• Retailer Caudalie pays $9.8M to TriState Equities for retail in SoHo (September 12, 2024)

• $9.3M note sold secured by two former Emerald Equity rentals in Bushwick (August 27, 2024)

• Kassin Sabbagh Realty pays $5.8M to Golyan family for 62-unit rental in Rego Park (April 23, 2024)

• Courts roundup: two pre-foreclosures totaling $13.5M (March 06, 2024)

• $28.2M foreclosure sale set for Shirokia Tower in January (December 18, 2023)

• Kassin Sabbagh Realty pays $5M to Keystone Management for 20-unit walkup in Hudson Yards (November 17, 2023)

• $18M bankruptcy filed in Flushing, $2M in Brooklyn, both to halt auctions (May 26, 2023)

• $12M Rego Park bankruptcy by Great Neck family in ongoing bitter dispute (May 12, 2023)

Court Records:

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Properties:

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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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