Zara Realty Holding

People:

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Zara Realty Holding portfolio

$263.7 million* – elevator 90%, walkup 8%; Queens 100%, Manhattan 0%

228th largest portfolio by dollar value

2,755,580 sqft – elevator 91%, walkup 8%;

120th largest by SF

52 properties – Queens 100%, Manhattan 0%

187th largest

3,121 residential units – Queens 100%, Manhattan 0%

60th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Borrower company: 3 for $128 million

Top Ten Associated People:

Philip Rinaldi (3), Sharanjit Kaur (1), Michael Riegler (1), Grant R. Rickelman (1), Ryan McAuliffe (1), P. Gavin Arneth (1), Elizabeth Arato (1)

Recent activity as company:

Zara Realty Holding borrowed $47 million from Customers Bank for 87-50 167th Street and 166-33 89th Avenue, Jamaica Hills, Queens on January 13, 2025.

Zara Realty Holding borrowed $38.5 million from Northern Trust Company for 94-25 57th Avenue, Elmhurst, Queens on November 16, 2023.

Zara Realty Holding borrowed $42.5 million from Provident Bank for 88-05 Merrick Boulevard, 87-87 171st Street, 195-24 Jamaica Avenue, and 88-15 144th Street, Jamaica, Queens on June 28, 2023.

Zara Realty Holding borrowed $13.9 million from Northern Trust Company for 88-22 Parsons Boulevard and 89-21 153rd Street, Jamaica, Queens on October 28, 2022.

Zara Realty Holding borrowed $72.2 million from Signature Bank for 88-25 148th Street, 148-48 88th Avenue, 88-09 148th Street, 191-11 Woodhull Avenue, and 91-59 191st Street, Jamaica, Queens on August 19, 2022.

Zara Realty Holding borrowed $14.5 million from Dime Community Bank for 51-25 Van Kleeck Street, Elmhurst, Queens on March 25, 2022.

Zara Realty Holding borrowed $16.2 million from Dime Community Bank for 88-05 171st Street and 88-15 179th Street, Jamaica, Queens on March 23, 2022.

Zara Realty Holding sold 102-33 Atlantic Avenue, Richmond Hill, Queens for $3.1 million to Sharanjit Kaur on March 23, 2022.

Zara Realty Holding borrowed $14.5 million from Dime Community Bank for 51-25 Van Kleeck Street, Elmhurst, Queens on March 09, 2022.

Zara Realty Holding borrowed $65 million from Arbor Realty Trust for 88-09 153rd Street, 153-02 88th Avenue, 153-04 88th Avenue, 153-06 88th Avenue, 153-08 88th Avenue, and others, Jamaica, Queens on November 03, 2021.

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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