Hersel Torkian

Torkian Group

Owner

Torkian Group portfolio

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

$116.7 million – mixed-use 40%, elevator 38%; Manhattan 97%, Brooklyn 2%

481th largest portfolio by dollar value

203,443 sqft – elevator 59%, mixed-use 25%;

1174th largest by SF

18 properties – Manhattan 94%, Brooklyn 5%

139th largest

323 residential units – Manhattan 98%, Brooklyn 1%

492th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Person Activity past 24 months:

Buyer signatory: 4 for $40.9 million

Seller signatory: 0 for $0

Borrower signatory: 2 for $20.2 million

Lender signatory: 0 for $0

Developer (new building or major alteration): 1 for 7,487 square feet

Top Ten Associated Companies:

Provident Bank (2), Metropolitan Commercial Bank (2), Copperwood Real Estate (2), Daniel Smith (2), M&T Bank (2), Nicholas Stroghilas (1), Robert Macropoulos (1), Helen Macropoulos (1), John Macropoulos (1), Symetra Life Insurance Company (1)

Top Ten Associated People:

Paul B. Ciancimino (2), Daniel Smith (2), Robert Lemle (2), Nicholas Stroghilas (1), Robert Macropoulos (1), Helen Macropoulos (1), John Macropoulos (1), Craig Zajac (1), Ross Dahmen (1), Vincent J. Reilly (1)

Recent activity as signatory:

• Copperwood Real Estateand Daniel Smith sold 1382 2nd Avenue, 1384 2nd Avenue, 1386 2nd Avenue, and 1388 2nd Avenue, Lenox Hill, Manhattan for $3.8 million to Torkian Group on September 30, 2024.

• Copperwood Real Estateand Daniel Smith sold 1382 2nd Avenue, 1384 2nd Avenue, and 1386 2nd Avenue, Lenox Hill, Manhattan for $25 million to Torkian Group on September 30, 2024.

• Thor Equitiesand ASB Capital Management sold 120 Greenwich Street, 120 Greenwich Street, and 120 Greenwich Street, Financial District, Manhattan for $5 million to Torkian Group on July 22, 2024.

• Hersel Torkian filed plans for major alteration for 7,487 sqft in Chelsea, Manhattan, on July 05, 2023.

• Torkian Group borrowed $13.7 million from Symetra Life Insurance Company for 247 West 46th Street, Times Square, Manhattan on April 03, 2023.

• Torkian Group borrowed $6.5 million from Metropolitan Commercial Bank for 304 8th Avenue and 302 8th Avenue, Chelsea, Manhattan on March 06, 2023.

• Nicholas Stroghilasand Robert Macropoulosand Helen Macropoulosand John Macropoulos sold 304 8th Avenue, Chelsea, Manhattan for $7.2 million to Torkian Group on February 28, 2023.

• Hersel Torkian filed plans for major alteration for 11,250 sqft in Flatiron District, Manhattan, on November 11, 2022.

• Torkian Group borrowed $7.8 million from Provident Bank for 123 5th Avenue, Flatiron District, Manhattan on June 03, 2022.

• Torkian Group borrowed $7 million from Provident Bank for 182 5th Avenue, Flatiron District, Manhattan on May 20, 2022.