Jacob Aini

Owner

Jacob Aini portfolio

$184.2 million* – office 72%, hotel 24%; Manhattan 99%, Bronx 0%

329th largest portfolio by dollar value

588,288 sqft – office 72%, hotel 20%;

542th largest by SF

7 properties – Manhattan 71%, Brooklyn 28%

1136th largest

520 residential units – Manhattan 97%, Brooklyn 2%

411th largest by residential units

Person Activity past 24 months:

Borrower signatory: 5 for $399.7 million

Top Ten Associated Companies:

Speedway (3), Morgan Stanley (2), H.I.G. Capital (1), Bank Hapoalim (1), Bank of Montreal (1), Weihong Hu (1), HUBB NYC (1), Webster Bank (1)

Top Ten Associated People:

Gregory S. Whitman (2), Steve Dorritie (1), Beth A. Hunter (1), Michael Mestel (1), Ilana Druyan (1), David Kesselman (1), Michael S. Birajiclian (1), Weihong Hu (1), David Haley (1), John P. McCarthy (1)

Recent activity as company:

AB & Sons Group and Jacob Aini borrowed $20.3 million from Webster Bank for 315 West 35th Street, Garment District, Manhattan on January 21, 2025.

Raizada S. Vaid and Jacob Aini borrowed $88.8 million from Morgan Stanley for 63 West 38th Street, Garment District, Manhattan on July 31, 2024.

Jay Group, AB & Sons Group and Jacob Aini borrowed $117 million from Bank of Montreal for 620 West 153rd Street, Harlem, Manhattan on April 17, 2024.

Jay Group and Jacob Aini borrowed $92 million from Bank Hapoalim for 401 West 207th Street, Inwood, Manhattan on October 03, 2023.

Jay Group, AB & Sons Group and Jacob Aini borrowed $81.6 million from H.I.G. Capital for 620 West 153rd Street, Harlem, Manhattan on April 11, 2023.

Speedway sold 1885 Atlantic Avenue, Bedford-Stuyvesant, Brooklyn for $4.5 million to Jay Group on March 31, 2022.

Speedway sold 2864 Atlantic Avenue, East New York, Brooklyn for $7.5 million to Jay Group on March 31, 2022.

Speedway sold 210 Greenpoint Avenue, Greenpoint, Brooklyn for $5.6 million to Jay Group on March 31, 2022.

Abraham Betesh borrowed $5.1 million from company for 1256 Ocean Avenue, Flatbush, Brooklyn on January 24, 2022.

Aini Assets borrowed $21 million from Morgan Stanley for 1694 Church Avenue, Flatbush, Brooklyn on October 25, 2021.

Latest Stories:

• Raizada Vaid, Jacob Aini sign $88.8M refi loan with Morgan Stanley for hotel in Garment District (August 01, 2024)

• Jay Group, AB & Sons, Jacob Aini sign $117M refi for 238-unit rental with Bank of Montreal in Harlem (April 18, 2024)

• Jay Group, Jacob Aini sign $92M construction loan for 270-unit project in Inwood (October 04, 2023)

• Jay Group signs $34.8M construction loan for 70-unit project in Greenpoint (April 17, 2023)

• Jay Group, AB & Sons Group get $81.6M refi with H.I.G. for 238-unit project in Harlem (April 12, 2023)

• Weihong Hu signs $44M new construction loan with Shanghai Commercial for hotel in Garment District (June 30, 2022)

• Jay Group pays $42.6M for four properties owned by Speedway, DOB plans filed on some (April 01, 2022)

• HUBB NYC signs $60M refi with MetLife for building in Harlem (February 11, 2022)

• Mayflower Business Group signs $34M refi with Shanghai Commercial for hotel in Hell’s Kitchen (December 29, 2021)

• Jay Group signs $67.8M construction loan with Bank Hapoalim for 238-unit project in Harlem (December 20, 2021)

Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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