SMA Equities

Owner

185 Great Neck Rd #250, Great Neck, NY 11021

People:

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SMA Equities portfolio

$139 million* – elevator 37.0%, office 26.0%; Manhattan 83.0%, Queens 16.0%

427th largest portfolio by dollar value

601,372 sqft – elevator 42%, D7 18%;

531th largest by SF

30 properties – Manhattan 96%, Queens 3%

333th largest

570 residential units – Manhattan 84%, Queens 15%

385th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Buyer company: 2 for $28.4 million

Seller company: 1 for $11.8 million

Borrower company: 7 for $233.9 million

Top Ten Associated People:

David Kusy (3), Stephan Mazzacca (3), Kevin Kelley (2), Charles Shafer (2), Edward Ostad (1), Courtney Walker (1), David Gleitman (1), Brenda Gruss (1), Rhonda D. Peare (1), Cliffton Hill (1)

Recent activity as company:

• SMA Equities borrowed $31.2 million from Safra National Bank for 1220 Lexington Avenue, 113 Stanton Street, 108 Delancey Street, 289 3rd Avenue, and 1209 Lexington Avenue, Carnegie Hill, Manhattan on January 24, 2025.

• Debra Kalimian sold 1497 3rd Avenue, Yorkville, Manhattan for $12.5 million to SMA Equities on January 24, 2025.

• SMA Equities and Jan Soleimaini borrowed $23.7 million from Safra National Bank and Jan Soleimani for 29 West 30th Street, Penn Plaza, Manhattan on January 08, 2025.

• SMA Equities borrowed $28.9 million from Safra National Bank for 254 Broome Street, 248 Broome Street, 252 Broome Street, and 250 Broome Street, Lower East Side, Manhattan on December 09, 2024.

• Forrest Partners sold 254 Broome Street, 248 Broome Street, 252 Broome Street, and 250 Broome Street, Lower East Side, Manhattan for $15.9 million to SMA Equities on December 09, 2024.

• SMA Equities sold 305 Broome Street, Lower East Side, Manhattan for $11.8 million to Sky Management on September 30, 2024.

• SMA Equities and David Moussazadeh borrowed $62 million from Bank OZK for 280 East Houston Street, None, Manhattan on March 15, 2024.

• SMA Equities borrowed $70.6 million from JLL for 297 Third Avenue, Gramercy, Manhattan on January 18, 2024.

• SMA Equities borrowed $7.7 million from Societe Generale for 131 Orchard Street, Lower East Side, Manhattan on November 20, 2023.

• SMA Equities borrowed $9.7 million from Societe Generale for 305 Broome Street, Lower East Side, Manhattan on November 20, 2023.

Latest Stories:

• SMA Equities identified as buyer of $12.5M Yorkville property, adds to assemblage (January 29, 2025)

• SMA Equities signs $31.2M refi with Safra National Bank for five properties in Manhattan (January 27, 2025)

• Unknown buyer pays $12.5M to Kalimian family for residential walkup in Yorkville (January 27, 2025)

• Sky Management pays $11.8M to SMA Equities for 22-unit walkup in Lower East Side (October 01, 2024)

• SMA Equities signs $70.6M refi for newly built 108-unit rental in Gramercy (January 19, 2024)

• SMA Equities signs $17.4M refi with Societe Generale for two LES walkups (November 21, 2023)

• SMA Equities, partners pay $36.8M to Hirsch family for dev site in Alphabet City (October 17, 2022)

• TARGO Capital pays $14.5M to SMA Equities for 8-unit walkup in Greenwich Village (August 18, 2022)

• GAIA pays SMA Equities $34.75M for three Lower East Side walkups (June 14, 2022)

• Tristar Management pays $6.2M to SMA Equities for retail in Melrose (May 24, 2022)

Court Records:

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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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