Balfin Group

(Balkan Finance Investment Group, Balfin Americas)

1151 Broadway, New York, NY 10001, United States

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Balfin Group NYC portfolio

$87.5 million -development 37%, industrial 20%, retail 11%; Bronx 100%*

1655th largest portfolio by dollar value

9,375 sqft – retail 100%; Bronx 100%

6379th largest by SF

8 properties – Bronx 100%

1347th largest

110 residential units – Bronx 100%

1719th largest by residential units

Other Links:

https://balfin.al/

Company Activity past 24 months:

Buyer company: 5 for $32.7 million

Borrower company: 4 for $38 million

Top Ten Associated Companies:

NorthEast Community Bank (4), Wells Fargo (1)

Top Ten Associated People:

Raymond L. Francis (2), F. Patrick Garrison Jr. (1)

Recent activity as company:

Durgaj Properties and Balfin Group borrowed $15.5 million from Wells Fargo for 599 Tinton Avenue on May 28, 2026.

Bridge Asset Management sold 2504 Cambreleng Avenue for $550,000 to Durgaj Properties and Balfin Group on April 14, 2026.

Triangle Equities sold None for $8.2 million to Durgaj Properties and Balfin Group on April 14, 2026.

Triangle Equities sold N/A East Fordham Road, None, Bronx for $7.2 million to Durgaj Properties and Balfin Group on April 14, 2026.

Triangle Equities sold N/A Cambreleng Avenue, None, Bronx for $6.6 million to Durgaj Properties and Balfin Group on April 14, 2026.

Durgaj Properties and Balfin Group borrowed $3.8 million from NorthEast Community Bank for 2504 Cambreleng Avenue on April 14, 2026.

Durgaj Properties and Balfin Group borrowed $13.6 million from NorthEast Community Bank for 304 East 173 Street on August 15, 2025.

Tresser Properties sold 132 East 167 Street for $10.2 million to Durgaj Properties and Balfin Group on September 26, 2024.

Durgaj Properties and Balfin Group borrowed $5.1 million from NorthEast Community Bank for 132 East 167 Street on September 26, 2024.

Balfin Group and Paulin Durgaj borrowed $11.3 million from NorthEast Community Bank for 790 East 151 Street on March 14, 2024.

Steve Zervoudis sold 790 East 151 Street for $1,000,000 to Durgaj Properties and Balfin Group on July 20, 2023.

Latest Stories:

• Durgaj, Balfin sign $15.5M refi with Wells Fargo for new 51-unit rental in Longwood (June 10, 2026)

• Durgaj Properties, Balfin Group pay $22.5M for Belmont dev site with 370 units planned (April 23, 2026)

• Bridge Asset Management files plans for 190 units in Belmont, first of 370 expected on site (February 13, 2026)

• Durgaj Properties signs $13.6M construction loan for 59-unit project in Claremont Village (September 15, 2025)

• Durgaj Properties files plans for 96-unit building in Concourse (July 30, 2025)

• Paulin Durgaj pays $10.2M to Tresser Properties for possible dev site in Concourse (October 08, 2024)

• Durgaj Properties files plans for 51-unit building in Longwood (October 31, 2023)

• Paulin Durgaj pays $1M in Longwood, adds to dev site (August 07, 2023)

Properties:

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