Hakimian Organization

People:

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Hakimian Organization portfolio

$430.2 million – office 48%, elevator 42%; Manhattan 91%, Queens 8%

146th largest portfolio by dollar value

1,180,752 sqft – elevator 45%, office 44%;

285th largest by SF

102 properties – Manhattan 95%, Queens 4%

64th largest

1,046 residential units – Manhattan 50%, Queens 49%

216th largest by residential units

1 foreclosure, 0 bankruptcies, 0 other court cases.

Company Activity past 24 months:

Buyer company: 0 for $0

Seller company: 0 for $0

Borrower company: 3 for $271.3 million

Lender company: 0 for $0

Developer (new building or major alteration): 0 for 0 square feet

Top Ten Associated Companies:

Apple Bank for Savings (5), Signature Bank (1), Navika Capital Group (1), iPark (1), JPMorgan Chase (1), Cain International (1), Apollo Global Management (1), Pacific Western Bank (1), JTS Capital Group (1), Bank Leumi (1)

Top Ten Associated People:

Naveen Shah (1), William S. Lerner (1), Jason Gatchell (1), Jeffrey Horowitz (1)

Latest Stories:

• Hakimian Organization signs $150M refi with Apollo for newly built 371-unit rental in Woodside (July 11, 2024)

• iPark pays $5M to Hakimian Organization for garage condo in Financial District (May 25, 2022)

• Navika Capital pays $84.7M to Hakimian Organization for hotel condo in Financial District (January 12, 2022)

• JTS Capital buys $2.5M note secured by Hakimian Org’s LIC mixed-use (July 08, 2021)

• Hakimian Organization signs $10M refi loan with Apple Bank for rental in Nolita (June 23, 2021)

• Courts roundup: $55M foreclosure at Hakimian’s 75 Wall; Velocity forecloses on $2.3M in Bronx (March 11, 2021)

• Hakimian Organization borrows $15.5M from Bank Leumi for newly built LIC multifamily (August 05, 2020)

• Hakimian Organization borrows $13M from Apple Bank For Savings for multifamily property in Kips Bay (June 18, 2020)

• Hakimian Organization borrows $40.5M from Apple Bank for Savings for Manhattan rentals (June 08, 2020)

• Hakimian Organization borrows $42M from Signature Bank for 75 Wall condo in Financial District (February 21, 2020)

Properties:

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