Babak Zar
(Bobby Zar)
ZG Capital Partners
ZG Capital Partners portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$194.9 million – office 89%, elevator 5%; Manhattan 100%, Bronx 0%
296th largest portfolio by dollar value
552,589 sqft – office 86%, retail 10%;
548th largest by SF
4 properties – Manhattan 100%, Bronx 0%
153th largest
8 residential units – Manhattan 100%, Bronx 0%
790th largest by residential units
Notes
Bobby Zar also leads the Zar Group.
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 1 for $28.9 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Goldman Sachs (2), Ladder Capital (1), ACRES Capital (1), Bank of Montreal (1), Hyde Park Antiques (1), JPMorgan Chase (1)
Top Ten Associated People:
Josh Clary (1), Jaclyn Jesperger (1), Bernard Karr (1)
Recent activity as signatory:
• ZG Capital Partners borrowed $28.9 million from JPMorgan Chase for 836 Broadway, Greenwich Village, Manhattan on December 11, 2024.
• ZG Capital Partnersand Rialto Capital Management borrowed $120 million from ACRES Capital for 45 East 53rd Street, Midtown East, Manhattan on September 07, 2022.
• Zar Group borrowed $71 million from Goldman Sachs for 2417 3rd Avenue and 2415 3rd Avenue, Mott Haven, Bronx on April 11, 2022.
• Zar Group borrowed $37.5 million from Ladder Capital for 836 Broadway, Greenwich Village, Manhattan on January 24, 2022.
• Hyde Park Antiques sold 836 Broadway, Greenwich Village, Manhattan for $39.2 million to ZG Capital Partners on December 30, 2021.
• ZG Capital Partners borrowed $215 million from Bank of Montreal for 1450 Broadway, Times Square, Manhattan on August 31, 2021.
• ZG Capital Partners borrowed $6.5 million from Goldman Sachs for 654 Broadway and 654 Broadway, Noho, Manhattan on June 11, 2021.
Latest Stories:
• Bobby Zar’s ZG Capital signs $28.9M refi for retail in Greenwich Village December 12, 2024
• Zar Group signs $71M refi loan with Goldman Sachs for two properties in Mott Haven April 12, 2022
• ZG Capital pays $39.2M for office building in Greenwich Village January 03, 2022
• Bobby Zar’s ZG Capital pays $10M to Acadia for Noho loft building June 14, 2021