Michael Niamonitakis

(Michael B. Niamonitakis)

Meridian Properties

Meridian Properties portfolio

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

$236.9 million – elevator 53%, walkup 45%; Brooklyn 100%, Manhattan 0%

247th largest portfolio by dollar value

3,711,716 sqft – elevator 61%, walkup 37%;

73th largest by SF

113 properties – Brooklyn 100%, Manhattan 0%

56th largest

3,889 residential units – Brooklyn 100%, Manhattan 0%

39th largest by residential units

Person Activity past 24 months:

Buyer signatory: 3 for $15.1 million

Seller signatory: 0 for $0

Borrower signatory: 7 for $52.5 million

Lender signatory: 0 for $0

Developer (new building or major alteration): 0 for 0 square feet

Top Ten Associated Companies:

Signature Bank (9), Investors Bank (5), Berkadia Commercial Mortgage (3), Barberry Rose Management Company (2), Jacob Landau (2), Dime Community Bank (2), Esquire Bank (2), Richard A. Kaplin (2), New York Community Bank (1), Chaim Mendel Landau (1)

Top Ten Associated People:

Michael Riegler (4), Richard A. Kaplin (3), Lewis M. Barbanel (2), Jacob Landau (2), Linda Kershaw (2), Steven Dorritie (2), Chaim Mendel Landau (1), John Vorvolakos (1), Nicholas Arsenis (1), Linda C. Kershaw (1)

Recent activity as signatory:

• Osman Semen sold 7920 19th Avenue, Bensonhurst, Brooklyn for $6 million to Meridian Properties on September 20, 2024.

• Meridian Properties borrowed $6.2 million from Berkadia Commercial Mortgage for 392 St Johns Place, Prospect Heights, Brooklyn on January 03, 2024.

• Meridian Properties borrowed $7.7 million from Berkadia Commercial Mortgage for 1281 Union Street, Crown Heights, Brooklyn on December 28, 2023.

• Meridian Properties borrowed $7.4 million from Berkadia Commercial Mortgage for 395 St Johns Place, 391 St Johns Place, and 399 St Johns Place, Prospect Heights, Brooklyn on December 28, 2023.

• Meridian Properties borrowed $5.2 million from Esquire Bank for 170 Parkside Avenue, Flatbush, Brooklyn on September 28, 2023.

• Meridian Properties borrowed $10.5 million from Esquire Bank for 115 Lincoln Road, Prospect Lefferts Gardens, Brooklyn on September 26, 2023.

• Meridian Properties borrowed $5.3 million from Dime Community Bank for 295 Maple Street and 288 Maple Street, Prospect Lefferts Gardens, Brooklyn on September 20, 2023.

• Barberry Rose Management Company sold 288 Maple Street, Prospect Lefferts Gardens, Brooklyn for $4.3 million to Meridian Properties on May 26, 2023.

• Barberry Rose Management Company sold 295 Maple Street, Prospect Lefferts Gardens, Brooklyn for $4.8 million to Meridian Properties on May 24, 2023.

• Meridian Properties borrowed $10.2 million from Signature Bank for 115-125 Lincoln Road, Prospect Lefferts Gardens, Brooklyn on March 02, 2023.