ABJ Properties
11 Grace Avenue, Suite 405. Great Neck, NY 11021
People:
ABJ Properties NYC portfolio
$356.6 million -walkup 75%, elevator 12%, mixed-use 9%; Manhattan 44%, Brooklyn 31%, Bronx 22%*
626th largest portfolio by dollar value
1,155,397 sqft – walkup 80%, elevator 14%, mixed-use 2%; Bronx 38%, Manhattan 33%, Brooklyn 27%
447th largest by SF
105 properties – Brooklyn 37%, Manhattan 31%, Bronx 29%
65th largest
1,234 residential units – Bronx 38%, Manhattan 35%, Brooklyn 25%
286th largest by residential units
9 foreclosures, 0 bankruptcies, 2 other court cases.
Company Activity past 24 months:
Buyer company: 15 for $81.4 million
Seller company: 2 for $16.1 million
Borrower company: 4 for $50.8 million
Top Ten Associated Companies:
Yechiel Newhouse (7), JPMorgan Chase (4), PGIM Real Estate (2), Arbor Realty Trust (2), New York Community Bank (2), Daniel Ilibassi (1), John Ilibassi (1), Dime Community Bank (1), Signature Bank (1), Berkadia Commercial Mortgage (1)
Top Ten Associated People:
Ursula Flores (2), Alan L. Kaufman (2), Daniel Ilibassi (1), Kenneth Downling (1), Kenneth Dowling (1), Louis Ciniglio (1), Marna E. Bernstein (1), Christian Nickel (1), Hirofusa Otsubo (1), Doris Shen (1)
Recent activity as company:
• Aimco sold 169 East 90 Street for $22.9 million to ABJ Properties on June 25, 2026.
• ABJ Properties borrowed $16 million from JPMorgan Chase for 169 East 90 Street on June 25, 2026.
• Avanath Capital Management sold 601 Grand Avenue for $12.3 million to ABJ Properties, KABR Group and Lincoln Oak Management on December 23, 2025.
• ABJ Properties, KABR Group and Lincoln Oak Management borrowed $6.2 million from Hirshmark Capital for 601 Grand Avenue on December 23, 2025.
• Related Companies sold 5-16 47 Road for $1.1 million to ABJ Properties on September 17, 2025.
• Related Companies sold 32-38 48 Street for $1.1 million to ABJ Properties on September 17, 2025.
• ABJ Properties sold 236 East 88 Street for $10.4 million to Olive Corporation on July 01, 2025.
• Gould Investors sold 930 2 Avenue for $8.2 million to ABJ Properties on January 15, 2025.
• Kupferman Family sold 369 7th Avenue and 369 7th Avenue, South Slope, Brooklyn for $6.6 million to ABJ Properties on December 30, 2024.
• ABJ Properties and Sierra Capital Group borrowed $17 million from JPMorgan Chase for 317 Lincoln Place on November 06, 2024.
Latest Stories:
• ABJ Properties pays $22.9M to Aimco for five properties in Carnegie Hill (July 06, 2026)
• Japan firm pays $10.4M to ABJ Properties for two walkups in Yorkville (July 18, 2025)
• ABJ Properties pays $6.6M to Kupfermans for 10-unit walkup in South Slope (January 31, 2025)
• ABJ Properties pays $8.2M to Gould Investors for two walkups in Turtle Bay (January 28, 2025)
• ABJ Properties pays $3.2M to Steven Katz for 7-unit walkup in South Slope (December 27, 2024)
Court Records:
Properties: