Sabah Shemel
Owner
Sabah Shemel portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$31.6 million – elevator 68%, walkup 19%; Manhattan 93%, Brooklyn 6%
1265th largest portfolio by dollar value
93,224 sqft – elevator 75%, walkup 14%;
2000th largest by SF
5 properties – Manhattan 80%, Brooklyn 20%
152th largest
97 residential units – Manhattan 91%, Brooklyn 8%
701th largest by residential units
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 1 for $26.5 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Popular Bank (1), JPMorgan Chase (1), Dime Community Bank (1)
Top Ten Associated People:
Gary Hoffson (1), Michael Feldman (1)
Recent activity as signatory:
• Kano Real Estate Investors borrowed $26.5 million from JPMorgan Chase for 558 Broadway, SoHo, Manhattan on February 23, 2023.
• Sabah Shemel borrowed $5.6 million from Popular Bank for 4171 Broadway, Washington Heights, Manhattan on October 24, 2022.
• Sabah Shemel borrowed $5.4 million from Dime Community Bank for 1355 2nd Avenue, Lenox Hill, Manhattan on February 12, 2021.
• Sabah Shemel filed plans for major alteration for 27,994 sqft in Chelsea, Manhattan, on August 29, 2020.
• Sabah Shemel filed plans for major alteration for 42,232 sqft in Chelsea, Manhattan, on March 27, 2020.
Latest Stories:
• Kano Real Estate signs $26.5M refi with JPMorgan Chase in SoHo on Broadway February 24, 2023