Platinum Realty Associates

102-10 Metropolitan Avenue, Suite 200 Forest Hills, NY 11735

People:

To see the 2 people from this company you need a Professional level subscription

Subscribe ($125/month)

Platinum Realty Associates portfolio

$112.8 million* – retail 66%, mixed-use 27%; Queens 58%, Brooklyn 36%

506th largest portfolio by dollar value

517,360 sqft – retail 68%, mixed-use 23%;

594th largest by SF

86 properties – Queens 56%, Brooklyn 38%

107th largest

53 residential units – Queens 56%, Brooklyn 43%

2107th largest by residential units

0 foreclosures, 0 bankruptcies, 2 other court cases.

Company Activity past 24 months:

Buyer company: 8 for $34.2 million

Seller company: 3 for $15.7 million

Borrower company: 1 for $8.9 million

Top Ten Associated Companies:

Signature Bank (4), First National Bank of Long Island (1), Customers Bank (1), Michael Weiss (1), Zeev Jacob (1), Yuval Jacob (1), Capital One (1), Levi Neubort (1), Harbor Group International (1), Lai Tin Yam (1)

Top Ten Associated People:

Nicholas A. LaMorte (2), Richard O’Rourke (1), Gregory Fantauzzi (1), Michael Weiss (1), Yuval Jacob (1), Jennifer Golek (1), Levi Neubort (1), Carla R. Stoner (1), Lai Tin Yam (1), Emmie Glynn Ryan (1)

Recent activity as company:

Platinum Realty Associates borrowed $8.9 million from Customers Bank for 833 Flatbush Avenue and 847 Flatbush Avenue, Flatbush, Brooklyn on September 20, 2024.

Harbor Group International sold 833 Flatbush Avenue and 847 Flatbush Avenue, Flatbush, Brooklyn for $12.5 million to Platinum Realty Associates on September 20, 2024.

Deborah Levine sold 96-01 37th Avenue, North Corona, Queens for $6 million to Platinum Realty Associates and Simkho Aranbayev on September 04, 2024.

• Irving Waldman sold 1584-1594 Rockaway Parkway, Canarsie, Brooklyn for $2.8 million to Platinum Realty Associates on August 27, 2024.

Patrick Rood sold 309 7th Avenue, Park Slope, Brooklyn for $4.2 million to Platinum Realty Associates and Simkho Aranbayev on July 23, 2024.

Shiraz Sanjana sold 35-02 30th Avenue, Astoria, Queens for $2.3 million to Platinum Realty Associates on April 02, 2024.

John Quadrozzi Jr. sold 501 Smith Street, Gowanus, Brooklyn for $1.8 million to Platinum Realty Associates on February 01, 2024.

Yu Hua Wu sold 481-489 Brook Avenue, Mott Haven, Bronx for $2.4 million to Platinum Realty Associates on November 28, 2023.

Anastasia Soula sold 227-01 Linden Boulevard, Cambria Heights, Queens for $2.4 million to Platinum Realty Associates on September 06, 2023.

Platinum Realty Associates and RW Real Estate Group sold 161-51 Baisley Boulevard and N/A Baisley Boulevard, South Jamaica, Queens for $4 million to Lalmir Sultanzada on August 18, 2023.

Latest Stories:

• Platinum Realty pays $12.5M to Harbor Group for Flatbush retail, was $22M in 2015 (September 20, 2024)

• Simkho Aranbayev pays $6M for retail in North Corona (September 05, 2024)

• Platinum Realty Associates pays $2.8M for retail in Canarsie (August 28, 2024)

• Platinum Realty, Aranbayev pay $4.2M for mixed-use in Park Slope (July 24, 2024)

• CurbCut Urban Partners signs $6.3M refi with Provident Bank for stalled dev in Sunnyside (July 17, 2024)

• Platinum Realty Associates pays $2.3M for mixed-use in Astoria (April 03, 2024)

• Platinum Realty Associates pays $2.4M for retail in Mott Haven (November 29, 2023)

• Platinum Realty Associates pays $2.4M for retail in Cambria Heights (September 07, 2023)

• Lalmir Sultanzada pays $4M for dev site in South Jamaica (August 21, 2023)

• Catholic Charities pays $6M to Platinum Realty for mixed-use in Jamaica (April 27, 2023)

Court Records:

To see the 1 case for this company you need a Professional level subscription

Subscribe ($125/month)

Properties:

To see the 86 properties for this company you need a Professional level subscription

Subscribe ($125/month)

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

Leave a Reply