Farzad Shahery

(Frank Shahery)

Monarch Realty Holdings

Owner

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

Person Activity past 24 months:

Buyer signatory: 1 for $11.3 million

Seller signatory: 5 for $10.9 million

Borrower signatory: 2 for $12.5 million

Lender signatory: 0 for $0

Developer (new building or major alteration): 0 for 0 square feet

Top Ten Associated People:

Thomas L. Montemage (5), Jared Pinchasick (1), Olga Bogrova (1), Isaac Saidmehr (1), Jane F. Reed (1)

Recent activity as signatory:

• Monarch Realty Holdings sold 1048 Sheridan Avenue, Concourse Village, Bronx for $1.7 million to Arbor Realty Trust on January 06, 2025.

• Monarch Realty Holdings sold 1052 Sheridan Avenue, Concourse Village, Bronx for $1.7 million to Arbor Realty Trust on January 03, 2025.

• Monarch Realty Holdings sold 1056 Sheridan Avenue, Concourse Village, Bronx for $1.9 million to Arbor Realty Trust on January 03, 2025.

• Monarch Realty Holdings sold 1064 Sheridan Avenue, Concourse Village, Bronx for $2.1 million to Arbor Realty Trust on January 02, 2025.

• Monarch Realty Holdings sold 1060 Sheridan Avenue, Concourse Village, Bronx for $3.5 million to Arbor Realty Trust on January 02, 2025.

• Farzad Shahery borrowed $6.8 million from First Republic Bank for 2 St Nicholas Terrace and 4 St Nicholas Terrace, Harlem, Manhattan on April 12, 2023.

• Monarch Realty Holdings borrowed $5.7 million from First National Bank of Long Island for 340 Livingston Street, Boerum Hill, Brooklyn on April 04, 2023.

• Hesky Haimand Continental Equities Group sold 340 Livingston Street, Boerum Hill, Brooklyn for $11.3 million to Monarch Realty Holdings on April 04, 2023.

• Monarch Realty Holdings borrowed $5.3 million from Webster Bank for 427 East 80th Street, Yorkville, Manhattan on November 16, 2022.

• JAM Real Estate Partners sold 427 East 80th Street, Yorkville, Manhattan for $8.9 million to Monarch Realty Holdings on November 16, 2022.