Namdar Realty Group

150 Middle Neck Rd #304 Great Neck, NY 11021

namdarrealtygroup.com

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Namdar Realty Group portfolio

$470.7 million* – office 43%, walkup 18%; Manhattan 87%, Brooklyn 6%

135th largest portfolio by dollar value

2,069,967 sqft – office 34%, walkup 20%;

161th largest by SF

80 properties – Manhattan 36%, Brooklyn 36%

118th largest

1,133 residential units – Manhattan 59%, Bronx 20%

209th largest by residential units

10 foreclosures, 1 bankruptcy, 3 other court cases.

Company Activity past 24 months:

Buyer company: 8 for $278.5 million

Seller company: 1 for $85 million

Borrower company: 10 for $492.9 million

Lender company: 4 for $0

Top Ten Associated Companies:

Sanders Investments (5), Signature Bank (3), Sassan Sassouni (3), Nejatollah Sassouni (3), Truist Bank (2), Deutsche Bank (2), Ladder Capital (2), Nightingale Properties (2), Reznik Paz Nevo Trusts (2), Metropolitan Commercial Bank (2)

Top Ten Associated People:

Martin Sanders (5), Hillel Lazarus (2), Hank Freid (1), Kenneth A. Stagnari (1), Felix A. Serrano (1), Scott J. Milchman (1), Giovanni Gigante (1), Matthew B. Tracy (1), Ranjana Mehta (1), Louis Ciniglio (1)

Recent activity as company:

• Namdar Realty Group and Empire Capital Holdings sold 341 7th Avenue, 287 7th Avenue, 343 7th Avenue, and 167 West 29th Street, Chelsea, Manhattan for $85 million to Katan Realty Group, Kohan Retail Investment Group and Ilya Mikhailov on January 16, 2025.

• Nightingale Properties sold 20 East 46th Street, Grand Central, Manhattan for $10.4 million to Namdar Realty Group and Klosed Properties on November 07, 2024.

• Sassan Sassouni and Nejatollah Sassouni borrowed $0 from Namdar Realty Group for 324 East 14th Street, East Village, Manhattan on September 26, 2024.

• Sassan Sassouni and Nejatollah Sassouni borrowed $0 from Namdar Realty Group for 75 2nd Avenue, East Village, Manhattan on September 26, 2024.

• Namdar Realty Group, Empre Capital and Mason Asset Management borrowed $24.3 million from Symetra Life Insurance Company for 321 West 44th Street, Hell’s Kitchen, Manhattan on September 23, 2024.

• Related Companies sold 321 West 44th Street, Hell’s Kitchen, Manhattan for $40.5 million to Namdar Realty Group, Empire Capital and Mason Asset Management on September 23, 2024.

• Paul Chen and Janney Chen sold 176 Rivington Street, Lower East Side, Manhattan for $5.2 million to Namdar Realty Group and Klosed Properties on August 14, 2024.

• Abdul M. Khan sold 2250 Grand Concourse, Fordham Heights, Bronx for $3.6 million to Namdar Realty Group and Klosed Properties on July 26, 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.

• Namdar Realty Group, Klosed Properties and Silber Investment Properties borrowed $147.1 million from Reznik Paz Nevo Trusts for 117 West 57th Street, 128 E 86th St, 666 9th Avenue, 312 Manhattan Avenue, 578 9th Avenue, and others, Midtown West, Manhattan on June 05, 2024.