Farzad “Frank” Shahery
Monarch Realty Holdings
Monarch Realty Holdings portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$33.3 million – walkup 47%, elevator 32%; Manhattan 79%, Brooklyn 11%
1227th largest portfolio by dollar value
185,530 sqft – walkup 48%, elevator 31%;
1267th largest by SF
10 properties – Manhattan 70%, Brooklyn 20%
147th largest
206 residential units – Manhattan 100%, Bronx 0%
593th largest by residential units
Top Ten Associated Companies:
Top Ten Associated People:
Recent activity as signatory:
• Monarch Realty Holdings sold 1027-1029 Westchester Avenue, Longwood, Bronx for $8 million to Yitzchok Weinberg on May 25, 2022.