Farzad Shahery

(Frank Shahery)

Monarch Realty Holdings

Owner

Monarch Realty Holdings portfolio

$33.3 million* – walkup 47%, elevator 32%; Manhattan 79%, Brooklyn 11%

1249th largest portfolio by dollar value

185,530 sqft – walkup 48%, elevator 31%;

1287th largest by SF

10 properties – Manhattan 70%, Brooklyn 20%

849th largest

206 residential units – Manhattan 100%, Bronx 0%

872th 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

Top Ten Associated Companies:

Arbor Realty Trust (5), JAM Real Estate Partners (1), Webster Bank (1), Hesky Haim (1), Continental Equities Group (1), First National Bank of Long Island (1), First Republic Bank (1), New York Community Bank (1)

Top Ten Associated People:

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

Recent activity as company:

• 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 Haim and 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.