AB & Sons Group

(AB & Sons)

AB & Sons Group portfolio

$106.8 million* – mixed-use 76%, office 22%; Manhattan 100%, Bronx 0%

538th largest portfolio by dollar value

213,274 sqft – mixed-use 45%, office 41%;

1142th largest by SF

4 properties – Manhattan 100%, Bronx 0%

1785th largest

253 residential units – Manhattan 100%, Bronx 0%

742th largest by residential units

1 foreclosure, 0 bankruptcies, 2 other court cases.

Company Activity past 24 months:

Borrower company: 4 for $218.9 million

Top Ten Associated Companies:

Odiljon Tursunov (2), AB Capstone (1), Valley National Bank (1), Signature Bank (1), H.I.G. Capital (1), Maverick Real Estate Partners (1), Bank of Montreal (1), Wells Fargo (1), Webster Bank (1)

Top Ten Associated People:

Russ Nazrisho (2), Meir Babaev (1), Victor Brown (1), Oren Sapirstein (1), Elizabeth Arato (1), Michael Mestel (1), Michael S. Birajiclian (1), Michael Savarese (1)

Recent activity as company:

• AB & Sons Group and Jacob Aini borrowed $20.3 million from Webster Bank for 315 West 35th Street, Garment District, Manhattan on January 21, 2025.

• Jay Group, AB & Sons Group and Jacob Aini borrowed $117 million from Bank of Montreal for 620 West 153rd Street, Harlem, Manhattan on April 17, 2024.

• AB & Sons borrowed $0 from Maverick Real Estate Partners for 447 Broadway, SoHo, Manhattan on February 23, 2024.

• Jay Group, AB & Sons Group and Jacob Aini borrowed $81.6 million from H.I.G. Capital for 620 West 153rd Street, Harlem, Manhattan on April 11, 2023.

• Odiljon Tursunov borrowed $24 million from AB & Sons Group for 1100 Kings Highway and 2067 Coney Island Avenue, Sheepshead Bay, Brooklyn on December 23, 2022.

• AB & Sons Group sold 1100 Kings Highway and 2067 Coney Island Avenue, Sheepshead Bay, Brooklyn for $34 million to Odiljon Tursunov on December 23, 2022.

• AB & Sons borrowed $16.2 million from Signature Bank for 1100 Kings Highway and 2067 Coney Island Avenue, Sheepshead Bay, Brooklyn on October 07, 2022.

• Sioni Group, Eli Chetrit, Isaac Chetrit and AB & Sons borrowed $31 million from Valley National Bank for 989 Avenue Of The Americas and 993 Avenue Of The Americas, Garment District, Manhattan on August 12, 2022.

• AB Capstone sold 2067 Coney Island Avenue and 1100 Kings Highway, Sheepshead Bay, Brooklyn for $18 million to AB & Sons Group on December 20, 2021.

• AB & Sons Group borrowed $106.5 million from Wells Fargo for 546 Broadway, Soho, Manhattan on March 23, 2021.