Osher Niyazov

Principal

Owner

$9.7 million* – hotel 100%; Bronx 51%, Brooklyn 48%

2714th largest portfolio by dollar value

42,887 sqft – hotel 100%;

3101th largest by SF

2 properties – Bronx 50%, Brooklyn 50%

3228th largest

Borrower signatory: 1 for $7.2 million

Developer (new building or major alteration): 3.0 for 0 square feet

Manny Chadha (1), Kevin Joo Lee (1)

• REDA Group borrowed $7.2 million from New Millennium Bank for 3294 Atlantic Avenue, East New York, Brooklyn on April 15, 2024.

• Osher Niyazov sold 1162 Wheeler Avenue, Soundview, Bronx for $5 million to Manny Chadha on November 14, 2022.

• REDA Group borrowed $7.2 million from Alpine Capital Bank for 346 Grand Concourse, Mott Haven, Bronx on September 02, 2022.

• Osher Niyazov borrowed $5.5 million from Alpine Capital Bank for 752 East Tremont Avenue, Tremont, Bronx on August 31, 2020.

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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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