Faraj Srour
Owner
Faraj Srour portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$144.1 million – office 86%, retail 11%; Manhattan 78%, Queens 8%
398th largest portfolio by dollar value
560,100 sqft – office 74%, retail 21%;
540th largest by SF
13 properties – Brooklyn 38%, Bronx 30%
144th largest
0 foreclosures, 0 bankruptcies, 1 other court case.
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 1 for $101.5 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
New York Community Bank (2), BCB Community Bank (1), Bank of Montreal (1), Citibank (1), People’s United Bank (1), Preferred Bank (1), Sterling National Bank (1)
Top Ten Associated People:
Daniel M. Bagatta (1), Angeles DeSantis (1), Michael Birajiclian (1), Ana Rosu Marmann (1), Jason Bishop (1), Sylvia Tseng (1)
Recent activity as signatory:
• Faraj Srourand Joseph Stavrach borrowed $101.5 million from Bank of Montrealand Citibank for 363 Lexington Avenue and 2 West 46th Street, Grand Central, Manhattan on October 03, 2023.
• Faraj Srour borrowed $7.9 million from BCB Community Bank for 460 Willis Avenue, 456 Willis Avenue, and N/A East 145th Street, Mott Haven, Bronx on August 22, 2022.
• Faraj Srour borrowed $6 million from Preferred Bank for 2510 Valentine Avenue, Fordham Manor, Bronx on April 19, 2022.
• Faraj Srour borrowed $45.1 million from New York Community Bank for 255 West 36th Street, Garment District, Manhattan on March 21, 2022.
• Faraj Srour borrowed $15.1 million from Sterling National Bank for 1726 Mcdonald Avenue, 1726 Mcdonald Avenue, 1726 Mcdonald Avenue, 1726 Mcdonald Avenue, 1726 Mcdonald Avenue, and others, Kensington, Brooklyn on April 21, 2021.
• Faraj Srour borrowed $5.2 million from People’s United Bank for 2510 Valentine Avenue, Fordham, Bronx on February 26, 2021.
• Faraj Srour borrowed $19.6 million from New York Community Bank for 163-18 Jamaica Avenue, Jamaica, Queens on January 28, 2021.
Latest Stories:
• Faraj Srour borrows $15.1M from Sterling National Bank for retail in Kensington April 22, 2021
• Faraj Srour refis Jamaica office building with $19M from New York Community January 29, 2021
Litigation: