Rex Hakimian
Hakimian Organization
Developer, Owner
Hakimian Organization portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$430.2 million – office 48%, elevator 42%; Manhattan 91%, Queens 8%
146th largest portfolio by dollar value
1,180,752 sqft – elevator 45%, office 44%;
285th largest by SF
102 properties – Manhattan 95%, Queens 4%
64th largest
1,046 residential units – Manhattan 50%, Queens 49%
216th largest by residential units
1 foreclosure, 0 bankruptcies, 0 other court cases.
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 3 for $271.3 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
JPMorgan Chase (1), Cain International (1), Apollo Global Management (1), Pacific Western Bank (1), Bank Leumi (1)
Top Ten Associated People:
Jason Gatchell (1), Jeffrey Horowitz (1)
Recent activity as signatory:
• Hakimian Organization borrowed $150 million from Apollo Global Management for 72-01 Queens Blvd. and 72-30 45th Avenue, Maspeth, Queens on July 10, 2024.
• Hakimian Organization borrowed $104.7 million from Cain International for 72-01 Queens Boulevard and N/A 45th Avenue, Maspeth, Queens on June 20, 2023.
• Hakimian Organization borrowed $16.6 million from JPMorgan Chase for 41-32 27th Street, Long Island City, Queens on April 11, 2023.
• Rex Hakimian filed plans for new building for 113,000 sqft in Midtown West, Manhattan, on January 12, 2022.
• Hakimian Organization borrowed $83.1 million from Pacific Western Bank for N/A 45th Avenue and 72-01 Queens Boulevard, Elmhurst, Queens on July 09, 2021.
• Hakimian Organization borrowed $15.5 million from Bank Leumi for 41-32 27th Street, Long Island City, Queens on August 04, 2020.