Albert Rabizadeh

Owner

Individual

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Albert Rabizadeh portfolio

$27.9 million* – retail 43%, mixed-use 40%; Bronx 42%, Manhattan 38%

1387th largest portfolio by dollar value

63,540 sqft – retail 50%, industrial 27%;

2503th largest by SF

18 properties – Brooklyn 55%, Bronx 27%

514th largest

11 residential units – Manhattan 72%, Brooklyn 27%

3960th largest by residential units

2 foreclosures, 0 bankruptcies, 1 other court case.

Person Activity past 24 months:

Seller signatory: 3 for $13.9 million

Top Ten Associated People:

Justin B. Kleinman (1), Francesco Pizzolla (1), Basilios Vassos (1), Dawn Valentine (1), Benjamin Warnke (1), Sun Tuen Wong (1)

Recent activity as company:

Albert Rabizadeh, Daniel Rabizadeh, Mehrdad Kahan, Said Makhany and Alex Rabizadeh sold 245 Clarkson Avenue, Prospect Lefferts Gardens, Brooklyn for $10.5 million to Alembic Community Development on August 07, 2024.

Albert Rabizadeh sold 4551 Third Avenue, Belmont/Little Italy, Bronx for $2 million to Basilios Vassos on January 02, 2024.

Albert Rabizadeh sold 102-10 Roosevelt Avenue, Corona, Queens for $1.4 million to Sun Tuen Wong on September 26, 2023.

Albert Rabizadeh borrowed $16.2 million from Flushing Bank for 1031-1049 Westchester Avenue and 1057 Southern Boulevard, Longwood, Bronx on July 21, 2022.

Vanbarton Group sold 1031-1049 Westchester Avenue and 1057 Southern Boulevard, Longwood, Bronx for $22.8 million to Global Asset Properties and Albert Rabizadeh on July 21, 2022.

Albert Rabizadeh borrowed $6.5 million from Columbia Capital for 11 East 115th Street, East Harlem, Manhattan on July 19, 2022.

Latest Stories:

• Crescent Heights signs $18M refi with Citibank for retail in Lenox Hill (September 23, 2024)

• Alembic pays $10.5M for dev site in Prospect Lefferts Gardens (August 08, 2024)

• Basilios Vassos pays $2M to Albert Rabizadeh for retail in Belmont (January 03, 2024)

• Albert Rabizadeh of Global Asset pays $22.8M to Vanbarton for block-long retail in Longwood (July 22, 2022)

• SKW Funding buys notes with $8.7M in original principal secured by Albert Rabizadeh property in Manhattan, Queens (March 24, 2022)

• SKW Funding buys $4.7M note secured by retail in Jamaica Estates (March 15, 2022)

• Albert Rabizadeh pays $20M to Pom Realty Holdings through CFO James Shreero for 16 NYC parcels (December 04, 2019)

• Albert Rabizadeh borrows $13.8M from Flushing Bank for 16 NYC properties (December 04, 2019)

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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