Richard Scharf
Abro Management
Owner
58 S Tyson Ave Floral Park, NY 11001
734 West Broadway Woodmere, NY 11598
Abro Management portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$346.6 million – elevator 83%, walkup 9%; Manhattan 76%, Queens 14%
175th largest portfolio by dollar value
2,677,555 sqft – elevator 89%, walkup 5%;
119th largest by SF
51 properties – Manhattan 72%, Queens 15%
106th largest
2,706 residential units – Manhattan 63%, Queens 20%
66th largest by residential units
Other Links:
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 5 for $51.7 million
Borrower signatory: 5 for $43.9 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
JPMorgan Chase (15), New York Community Bank (8), Northfield Bank (3), Sabet Group (2), Manuel Diaz (1), Seneida Diaz (1), Prana Investments (1), MSA Investments (1), Morgan Stanley (1), 4915 Broadway Realty LLC (1)
Top Ten Associated People:
Alan L. Kaufman (3), William G. Krejci (3), Ursula Flores (2), Jennifer Smith (2), Alfred Sabetfard (2), Manuel Diaz (1), Seneida Diaz (1), Richard Herman (1), Muhammed Sultan Andha (1), Miguel Luna (1)
Recent activity as signatory:
• Abro Management sold 140 East 17th Street, Gramercy, Manhattan for $16.3 million to Sabet Group on December 13, 2024.
• Abro Management sold 140 East 17th Street, Gramercy, Manhattan for $16.3 million to Sabet Group on December 13, 2024.
• Abro Management sold 98 East 167th Street, Concourse, Bronx for $7.6 million to Simkho Aranbayev on October 24, 2024.
• Abro Management sold 141 Sherman Avenue, Inwood, Manhattan for $5.2 million to MSA Investments on July 29, 2024.
• Abro Management borrowed $5.5 million from JPMorgan Chase for 505-507 Columbus Avenue, Upper West Side, Manhattan on April 12, 2024.
• Abro Management borrowed $7 million from Northfield Bank for 831 Gerard Avenue, Concourse, Bronx on June 23, 2023.
• Abro Management borrowed $5 million from Northfield Bank for 316 East 70th Street and 318 East 70th Street, Lenox Hill, Manhattan on June 08, 2023.
• Abro Management borrowed $5.5 million from Northfield Bank for 465 Columbus Avenue, Upper West Side, Manhattan on June 06, 2023.
• Abro Management sold 80 Hugh J Grant Circle, Unionport, Bronx for $6.3 million to Manuel Diazand Seneida Diaz on May 31, 2023.
• Abro Management borrowed $20.9 million from JPMorgan Chase for 1453 York Avenue, Lenox Hill, Manhattan on April 13, 2023.
Latest Stories:
• Sabet Group pays $16.3M to Abro for 44-unit rental in Gramercy December 16, 2024
• Simkho Aranbayev pays $7.6M to Abro Management for retail in Concourse October 25, 2024
• MSA Investments pays $5.2M to Abro Management for retail in Inwood July 30, 2024
• Investors pay $6.3M to Abro Management for retail in Unionport June 01, 2023
• Abro Management signs $20.9M refi for 90-unit rental in Lenox Hill April 14, 2023
• Abro Management pays $3.7M to Prana Investments for retail in Inwood October 06, 2022
• Miguel Luna pays $10.5M to Richard Scharf for retail in Inwood March 18, 2021
• Miguel Luna borrows $5.9M from Bank Of Hope to buy retail in Inwood March 18, 2021