AKI Development

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AKI Development portfolio

$4.5 million* – elevator 100%; Queens 100%, Manhattan 0%

3961th largest portfolio by dollar value

26,047 sqft – elevator 100%;

3802th largest by SF

29 residential units – Queens 100%, Manhattan 0%

2798th largest by residential units

Top Ten Associated Companies:

Angelo Rigas (1), CW Funding (1), Usc 11-16 Main LLC (1)

Top Ten Associated People:

Angelo Rigas (1)

Recent activity as company:

• AKI Development sold 23-67 31st Street, Ditmars Steinway, Queens for $6.4 million to Angelo Rigas on September 12, 2022.

• AKI Development borrowed $18 million from CW Funding for 11-25 30th Avenue, Astoria, Queens on April 09, 2021.

• AKI Development borrowed $16.3 million from Usc 11-16 Main LLC for 43794 30th Avenue, Astoria, Queens on March 19, 2020.

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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