Faramarz Hedvat

Owner

Faramarz Hedvat portfolio

(NYC’s “Market Value,” 50% or less of actual value)

$6.6 million – mixed-use 60%, elevator 39%; Manhattan 100%, Bronx 0%

3294th largest portfolio by dollar value

50,206 sqft – elevator 93%, mixed-use 6%;

2814th largest by SF

2 properties – Manhattan 100%, Bronx 0%

155th largest

38 residential units – Manhattan 100%, Bronx 0%

760th largest by residential units

Top Ten Associated Companies:

Saul Hamond (1), Signature Bank (1), Jeremiah B. Stulberger (1)

Top Ten Associated People:

Stephen S. Siminou (1), Marcia Freud (1), Jeremiah B. Stulberger (1)

Recent activity as signatory:

• Saul Hamond sold 803 West 180th Street, Washington Heights, Manhattan for $8.9 million to Faramarz Hedvat on January 26, 2022.

• Faramarz Hedvat borrowed $6.7 million from Signature Bank for 803 West 180th Street, Washington Heights, Manhattan on January 26, 2022.

• Jeremiah B. Stulberger sold 258 East 33rd Street, Kips Bay, Manhattan for $3.5 million to Faramarz Hedvat on May 12, 2021.

Properties:

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