Aronov Development

(Aronov Group, JRJ Metro)

43 W 47th St #203 New York, NY 10036

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Aronov Development NYC portfolio

$114.8 million -hotel 47%, office 31%, RK 13%; Manhattan 93%, Queens 6%*

1405th largest portfolio by dollar value

186,051 sqft – hotel 54%, office 31%, RK 7%; Manhattan 93%, Queens 6%

1672th largest by SF

4 properties – Manhattan 75%, Queens 25%

2253th largest

18 residential units – Manhattan 100%

3975th largest by residential units

Company Activity past 24 months:

Buyer company: 3 for $96.7 million

Seller company: 1 for $53 million

Borrower company: 3 for $80.5 million

Lender company: 1 for $0

Top Ten Associated Companies:

Emerald Creek Capital (1), Hakimian Partners (1), Aronov Development (1), CTBC Bank (1)

Top Ten Associated People:

Boris Aronov (1), Yin Tung Chang (1)

Recent activity as company:

• Aronov Development borrowed $41 million from Hakimian Partners for 59 West 46 Street on June 26, 2026.

• Emerald Creek Capital sold 141 Bowery for $36 million to Aronov Development on June 22, 2026.

• Aronov Development borrowed $27.5 million from Emerald Creek Capital for 141 Bowery on June 22, 2026.

• Khedouri Associates sold None for $7.7 million to Aronov Development on January 20, 2026.

• Aronov Development sold 59 West 46 Street for $53 million to Aronov Development on December 31, 2025.

• Aronov Development borrowed $12 million from CTBC Bank for 62 West 47th Street, Midtown West, Manhattan on August 21, 2025.

• Aronov Development on June 25, 2025 bought a loan with an original principal of $44.5 million from Yellowstone Real Estate Investments, signed by Isaac Hera, secured by 59 West 46 Street, when owned by Paramdeep Singh.

Latest Stories:

• Aronov Development pays $36M for LES office in REO sale (June 30, 2026)

• Lender Emerald Creek Capital takes title to LES office, following $32M bankruptcy (June 05, 2026)

• Aronov Development pays $7.7M for retail in Jamaica Estates (February 03, 2026)

• Aronov Development buys $44.5M note secured by Paramdeep Singh’;s Midtown West hotel (July 22, 2025)

• Yellowstone files $44.5M pre-foreclosure at Midtown West hotel refinanced in 2023 (May 19, 2025)

• Paramdeep Singh gets $44.5M refi from Yellowstone for hotel in Midtown West, was threatened with foreclosure (March 06, 2023)

• Paramdeep Singh signs $37M acquisition loan with Benefit Street for hotel in Midtown West (March 04, 2022)

• Paramdeep Singh pays $59.5M to Apple Core Hotels for second hotel building in Midtown West (March 01, 2022)

• Hung Kwong Leung obtained financing of $32M from Emerald Creek Capital 3, LLC (July 25, 2019)

Properties:

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