Igal Namdar

Namdar Realty Group

Owner

150 Middle Neck Rd #304 Great Neck, NY 11021

Namdar Realty Group portfolio

$470.7 million* – office 43%, walkup 18%; Manhattan 87%, Brooklyn 6%

135th largest portfolio by dollar value

2,069,967 sqft – office 34%, walkup 20%;

161th largest by SF

80 properties – Manhattan 36%, Brooklyn 36%

118th largest

1,133 residential units – Manhattan 59%, Bronx 20%

209th largest by residential units

10 foreclosures, 1 bankruptcy, 3 other court cases.

Person Activity past 24 months:

Buyer signatory: 4 for $61.9 million

Seller signatory: 1 for $85 million

Borrower signatory: 7 for $337 million

Top Ten Associated Companies:

Signature Bank (3), Reznik Paz Nevo Trusts (2), Preferred Bank (2), Orange Bank & Trust Company (1), Scott Milchman (1), Ranjana Mehta (1), Dime Community Bank (1), Sugar Hill Capital Partners (1), Ladder Capital (1), Symetra Life Insurance Company (1)

Top Ten Associated People:

Hillel Lazarus (2), Kenneth A. Stagnari (1), Scott J. Milchman (1), Ranjana Mehta (1), Louis Ciniglio (1), Margaret Grossman (1), Ronnie A. Miller (1), Stephen B. Kaufman (1), Kevin Kelley (1), Patrick Sweeney (1)

Recent activity as company:

• Namdar Realty Group and Empire Capital Holdings sold 341 7th Avenue, 287 7th Avenue, 343 7th Avenue, and 167 West 29th Street, Chelsea, Manhattan for $85 million to Katan Realty Group, Kohan Retail Investment Group and Ilya Mikhailov on January 16, 2025.

• Nightingale Properties sold 20 East 46th Street, Grand Central, Manhattan for $10.4 million to Namdar Realty Group and Klosed Properties on November 07, 2024.

• Namdar Realty Group, Empre Capital and Mason Asset Management borrowed $24.3 million from Symetra Life Insurance Company for 321 West 44th Street, Hell’s Kitchen, Manhattan on September 23, 2024.

• Related Companies sold 321 West 44th Street, Hell’s Kitchen, Manhattan for $40.5 million to Namdar Realty Group, Empire Capital and Mason Asset Management on September 23, 2024.

• Abdul M. Khan sold 2250 Grand Concourse, Fordham Heights, Bronx for $3.6 million to Namdar Realty Group and Klosed Properties on July 26, 2024.

• Witnick Real Estate Partners, Namdar Realty Group and Gorjian Real Estate Group borrowed $20.2 million from Societe Generale for 30 East 14th Street, Greenwich Village, Manhattan on July 16, 2024.

• Namdar Realty Group, Klosed Properties and Silber Investment Properties borrowed $147.1 million from Reznik Paz Nevo Trusts for 117 West 57th Street, 128 E 86th St, 666 9th Avenue, 312 Manhattan Avenue, 578 9th Avenue, and others, Midtown West, Manhattan on June 05, 2024.

• Ramin Abdolazadeh, Klosed Properties, Namdar Realty Group and Silber Investment Properties borrowed $14.6 million from Ladder Capital for 117 West 57th Street and 128 East 86th Street, Midtown West, Manhattan on November 22, 2023.

• Namdar Realty Group and Empire Capital Holdings borrowed $111.2 million from Reznik Paz Nevo Trusts for 529 5th Avenue and 587 5th Avenue, Grand Central, Manhattan on September 27, 2023.

• Namdar Realty Group, H Holding Group and Klosed Properties borrowed $14.5 million from Metropolitan Commercial Bank for 780 East 135th Street, Mott Haven, Bronx on May 10, 2023.