Igal Namdar
Namdar Realty Group
Owner
150 MIDDLE NECK RD, SUITE 304 GREAT NECK NY 11021
Namdar Realty Group portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$501.4 million – office 45%, walkup 17%; Manhattan 88%, Brooklyn 6%
118th largest portfolio by dollar value
2,279,783 sqft – office 40%, walkup 18%;
132th largest by SF
84 properties – Manhattan 39%, Brooklyn 34%
78th largest
1,133 residential units – Manhattan 59%, Bronx 20%
196th largest by residential units
5 foreclosures, 1 bankruptcy, 3 other court cases.
Person Activity past 24 months:
Buyer signatory: 4 for $61.9 million
Seller signatory: 0 for $0
Borrower signatory: 7 for $337 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
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 signatory:
• Nightingale Properties sold 20 East 46th Street, Grand Central, Manhattan for $10.4 million to Namdar Realty Groupand Klosed Properties on November 07, 2024.
• Namdar Realty Groupand Empre Capitaland 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 Groupand Empire Capitaland Mason Asset Management on September 23, 2024.
• Abdul M. Khan sold 2250 Grand Concourse, Fordham Heights, Bronx for $3.6 million to Namdar Realty Groupand Klosed Properties on July 26, 2024.
• Witnick Real Estate Partnersand Namdar Realty Groupand 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 Groupand Klosed Propertiesand 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 Abdolazadehand Klosed Propertiesand Namdar Realty Groupand 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 Groupand 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 Groupand H Holding Groupand Klosed Properties borrowed $14.5 million from Metropolitan Commercial Bank for 780 East 135th Street, Mott Haven, Bronx on May 10, 2023.
• Namdar Realty Groupand Klosed Properties borrowed $5.1 million from Dime Community Bank for 2509 Hoffman Street and 2505 Hoffman Street, Belmont/Little Italy, Bronx on February 17, 2023.
Latest Stories:
• Namdar, Klosed acquire 21-unit Fordham Heights rental through foreclosure July 29, 2024
• Namdar, Klosed, partners, sign $147.1M refi for 20 properties in NYC June 06, 2024
• Namdar, partners sign $111.2M loan for Fifth Avenue office properties September 28, 2023
• Namdar, Empire Capital pay $107.6M to Silverstein for office in Grand Central June 27, 2023