Payam Kermanian

Owner

Payam Kermanian NYC portfolio

$24.5 million* – industrial 100.0%; Queens 100.0%, Manhattan 0.0%

2701th largest portfolio by dollar value

52,900 sqft – industrial 100%;

2770th largest by SF

5 properties – Queens 100%, Manhattan 0%

1653th largest

Person Activity past 24 months:

Buyer signatory: 1 for $6.3 million

Seller signatory: 1 for $1.9 million

Developer (new building or major alteration): 3 for 2,000 square feet

Top Ten Associated Companies:

Signature Bank (1), Richard Bruno (1), Werwaiss Properties (1), Mosleh M. Al-Sadi (1)

Top Ten Associated People:

Richard Bruno (1), John A. Werwaiss (1), Mosleh M. Al-Sadi (1)

Recent activity as company:

Werwaiss Properties sold 20-04 33rd Street, Ditmars Steinway, Queens for $6.3 million to Payam Kermanian on February 20, 2025.

Payam Kermanian sold 783 Grote Street, Belmont/Little Italy, Bronx for $1.9 million to Mosleh M. Al-Sadi on November 03, 2023.

Payam Kermanian borrowed $5.3 million from Signature Bank for 29-14 20th Avenue, 29-10 20th Avenue, and 29-18 20th Avenue, Ditmars Steinway, Queens on April 26, 2022.

Richard Bruno sold 29-14 20th Avenue, 29-10 20th Avenue, and 29-18 20th Avenue, Ditmars Steinway, Queens for $6.6 million to Payam Kermanian on April 26, 2022.

Properties:

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*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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