Kassin Sabbagh Realty
1385 Broadway Floor 22 New York, NY 10018
People:
Kassin Sabbagh Realty portfolio
$22.8 million – condo 66%, retail 15%; Queens 56%, Manhattan 19%
1584th largest portfolio by dollar value
96,427 sqft – condo 62%, retail 16%;
1953th largest by SF
80 properties – Queens 92%, Brooklyn 3%
81th largest
51 residential units – Queens 45%, Manhattan 39%
747th largest by residential units
2 foreclosures, 0 bankruptcies, 3 other court cases.
Company Activity past 24 months:
Buyer company: 7 for $62.1 million
Seller company: 1 for $8 million
Borrower company: 3 for $24.5 million
Lender company: 1 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Bluestone Group (3), East West Bank (2), Rodney B. Alberts (1), David Wei Huang (1), Howard Hua (1), Keystone Management (1), Faraidoon Golyan (1), M.P. Management (1), Signature Bank (1), Wharton Properties (1)
Top Ten Associated People:
Marc Mendelsohn (3), Andrew N. Cutler (1), Howard Hua (1), Janny Cheung (1), Dan Shalom (1), Faraidoon Golyan (1), Kenneth A. Stagnari (1), Edward Shllaku (1), Frank Bruno Jr. (1)
Latest Stories:
• Kassin Sabbagh Realty affiliate acquires 23-unit Flushing condo in bankruptcy (November 20, 2024)
• Edward Shllaku pays $8M to KSR for once bankrupt 62-unit rental in Rego Park (November 11, 2024)
• Retailer Caudalie pays $9.8M to TriState Equities for retail in SoHo (September 12, 2024)
• $9.3M note sold secured by two former Emerald Equity rentals in Bushwick (August 27, 2024)
• Kassin Sabbagh Realty pays $5.8M to Golyan family for 62-unit rental in Rego Park (April 23, 2024)
• $28.2M foreclosure sale set for Shirokia Tower in January (December 18, 2023)
• $18M bankruptcy filed in Flushing, $2M in Brooklyn, both to halt auctions (May 26, 2023)
• $12M Rego Park bankruptcy by Great Neck family in ongoing bitter dispute (May 12, 2023)
• Kassin Sabbagh Realty pays $4.3M for retail in Wakefield (April 26, 2023)
Litigation: