Hakimian Organization

8 West 40th Street, 6th Floor New York, NY 10018

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$432.2 million* – office 48%, elevator 41%; Manhattan 91%, Queens 8%

153th largest portfolio by dollar value

1,199,752 sqft – elevator 44%, office 44%;

290th largest by SF

104 properties – Manhattan 93%, Queens 6%

83th largest

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

233th largest by residential units

1 foreclosure, 0 bankruptcies, 0 other court cases.

Buyer company: 1 for $15.8 million

Seller company: 1 for $30 million

Borrower company: 3 for $271.3 million

Naveen Shah (1), William S. Lerner (1), Jason Gatchell (1), Jeffrey Horowitz (1), Cheskel Schwimmer (1), Lewis Miller (1)

• Lewis Miller sold 42-08 35th Avenue and 35-17 42nd Street, Astoria, Queens for $15.8 million to Hakimian Organization and CW Realty Group on January 27, 2025.

• Hakimian Organization sold 244 West 49th Street, Midtown West, Manhattan for $30 million to Chess Builders on January 17, 2025.

• Hakimian Organization borrowed $150 million from Apollo Global Management for 72-01 Queens Blvd. and 72-30 45th Avenue, Maspeth, Queens on July 10, 2024.

• Hakimian Organization borrowed $104.7 million from Cain International for 72-01 Queens Boulevard and N/A 45th Avenue, Maspeth, Queens on June 20, 2023.

• Hakimian Organization borrowed $16.6 million from JPMorgan Chase for 41-32 27th Street, Long Island City, Queens on April 11, 2023.

• Hakimian Organization sold 75 Wall Street, Financial District, Manhattan for $5 million to iPark on May 24, 2022.

• Hakimian Organization sold 75 Wall Street, Financial District, Manhattan for $84.7 million to Navika Capital Group on January 11, 2022.

• Hakimian Organization borrowed $83.1 million from Pacific Western Bank for N/A 45th Avenue and 72-01 Queens Boulevard, Elmhurst, Queens on July 09, 2021.

• Hakimian Organization borrowed $0 from JTS Capital Group for 44-16 23rd Street, Long Island City, Queens on July 07, 2021.

• Hakimian Organization borrowed $10 million from Apple Bank for Savings for 227-233 Mulberry Street, Nolita, Manhattan on June 22, 2021.