Gorjian Real Estate Group

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Gorjian Real Estate Group portfolio

$86.9 million* – walkup 54%, office 31%; Manhattan 100%, Bronx 0%

632th largest portfolio by dollar value

269,736 sqft – office 45%, walkup 34%;

966th largest by SF

12 properties – Manhattan 100%, Bronx 0%

715th largest

152 residential units – Manhattan 100%, Bronx 0%

1070th largest by residential units

Company Activity past 24 months:

Buyer company: 3 for $22.9 million

Borrower company: 2 for $27.2 million

Top Ten Associated Companies:

Signature Bank (3), Dime Community Bank (1), Webster Bank (1), Kokot Realty Enterprises (1), Jackson Mak (1), Societe Generale (1), Citibank (1), Avi Sacks (1)

Top Ten Associated People:

Gail Naviasky (3), Louis Ciniglio (1), Gabriel Safdie (1), Arthur Kokot (1), Jackson Mak (1), Kevin Kelley (1), Charles R. Stark (1)

Recent activity as company:

• Avi Sacks sold 137 Orchard Street, Lower East Side, Manhattan for $2.5 million to Gorjian Real Estate Group and VRH Inc. on December 10, 2024.

Jackson Mak sold 373 Broome Street, Little Italy, Manhattan for $12.8 million to Wharton Properties and Gorjian Real Estate Group on August 08, 2024.

Witnick Real Estate Partners, Namdar Realty Group and Gorjian Real Estate Group borrowed $20.2 million from Societe Generale for 30 East 14th Street, Greenwich Village, Manhattan on July 16, 2024.

Kokot Realty Enterprises sold 200 Mott Street, Nolita, Manhattan for $7.5 million to Gorjian Real Estate Group on December 08, 2023.

Gorjian Real Estate Group, Namdar Realty Group and Ivan Hakimian borrowed $7 million from Webster Bank for 468 9th Avenue, Garment District, Manhattan on March 02, 2023.

Gorjian Real Estate Group and Witnick Real Estate Partners borrowed $5 million from Dime Community Bank for 118 East 31st Street and 116 East 31st Street, Park Avenue South, Manhattan on January 06, 2023.

Witnick Real Estate Partners and Gorjian Real Estate Group borrowed $7.6 million from Signature Bank for 171 Mulberry Street, Little Italy, Manhattan on August 23, 2022.

Witnick Real Estate Partners and Gorjian Real Estate Group borrowed $14.1 million from Signature Bank for 227 East 59th Street, Lenox Hill, Manhattan on August 12, 2022.

Witnick Real Estate Partners and Gorjian Real Estate Group borrowed $7 million from Signature Bank for 248 Elizabeth Street, Nolita, Manhattan on July 15, 2022.

Gorjian Real Estate Group borrowed $12 million from Citibank for 314 West 58th Street, Midtown West, Manhattan on October 16, 2019.

Latest Stories:

• Cobby Gorjian, Parag Sawhney pay $2.5M for 12-unit mixed-use in Lower East Side (December 13, 2024)

• Joseph Sutton, Gorjian pay $12.8M for 30-unit walkup in Little Italy (August 09, 2024)

• Witnick, Namdar, Gorjian up debt to $20.2M for 20-unit walkup in Greenwich Village, was $13.5M (July 17, 2024)

• Gorjian pays $7.5M to Kokot Realty for 26-unit walkup in Nolita (December 11, 2023)

• Gorjian, Namdar, Hakimian get $7M refi with Webster Bank for mixed-use in Garment District (March 03, 2023)

• Witnick, Namdar, Gorjian pay $23.5M to Dadon, Jenel Management for rental in West Village (June 24, 2021)

• Witnick, Namdar, Gorjian sign $13.5M acquisition loan with Axos Bank for rental in West Village (June 24, 2021)

• Witnick Real Estate pays $4.8M for 15-unit rental in Flatiron (April 21, 2021)

• Witnick, Gorjian pay $6.2M for multifamily property in Little Italy (July 06, 2020)

• Witnick Real Estate Partners borrows $11M from Signature Bank for acquisition of property in Lenox Hill (January 30, 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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