Elmo Realty
(Elmo Realty Co.)
350 5th Ave Suite 5320 New York, NY 10118
350 5th Ave Suite 5114 New York, NY 10118
People:
Elmo Realty NYC portfolio
$136.3 million -development 52%, walkup 19%, M1 18%; Manhattan 75%, Brooklyn 18%, Bronx 6%*
1228th largest portfolio by dollar value
133,921 sqft – walkup 42%, M1 30%, elevator 26%; Manhattan 50%, Brooklyn 30%, Bronx 18%
1991th largest by SF
8 properties – Manhattan 75%, Bronx 12%, Brooklyn 12%
1295th largest
128 residential units – Manhattan 71%, Bronx 28%
1524th largest by residential units
1 foreclosure, 0 bankruptcies, 1 other court case.
Company Activity past 24 months:
Seller company: 1 for $4.2 million
Borrower company: 6 for $74.4 million
Top Ten Associated Companies:
Metropolitan Commercial Bank (3), Muneef M. Alsayedi (1), PIMCO (1), Maverick Real Estate Partners (1), Ebenezer A.M.E. Church (1), JLL (1), Webster Bank (1), A&E Real Estate Holdings (1), Citibank (1)
Top Ten Associated People:
Muneef M. Alsayedi (1), Thomas Hooker (1), Michelle B. Chang (1), Beverly D. Berquam (1), Jose Arredondo (1), Jay Shah (1), Ross Dahmen (1), Margaret Brunn (1), Daniel Allen (1), Jonathan Misher (1)
Recent activity as company:
• Elmo Realty borrowed $17.5 million from Citibank for 2111 1 Avenue on September 30, 2025.
• Elmo Realty borrowed $3.8 million from A&E Real Estate Holdings for 2377 7 Avenue on September 05, 2025.
• Elmo Realty borrowed $6.6 million from JLL for 587 Wales Avenue on June 10, 2025.
• Elmo Realty borrowed $19 million from Metropolitan Commercial Bank for 1650 Dean Street on April 24, 2025.
• Maverick Real Estate Partners on March 28, 2025 bought a loan with an original principal of $14.4 million from Webster Bank, secured by 1650 Dean Street, when owned by Elmo Realty.
• ELMO Realty sold 170 East 123rd Street, East Harlem, Manhattan for $4.2 million to Ebenezer A.M.E. Church on December 20, 2024.
• Elmo Realty borrowed $27.5 million from Metropolitan Commercial Bank for 1771 Amsterdam Avenue on July 17, 2024.
• Elmo Realty sold 132 West 134 Street for $2 million to Muneef M. Alsayedi on November 29, 2023.
• Elmo Realty for Saba Vahdat filed plans for new building for 38,000 sqft in Harlem, Manhattan, on April 27, 2023.
• Elmo Realty borrowed $26 million from Metropolitan Commercial Bank for 2541 8 Avenue on March 13, 2023.
Latest Stories:
• Elmo Realty signs $3.8M refi with A&E for 14-unit rental in Harlem (September 11, 2025)
• Elmo Realty signs $19M refi for Crown Heights building threatened by foreclosure (April 29, 2025)
• Kelvin Phillips pays $2.7M for 13-unit walkup in Harlem (November 15, 2024)
• Muneef Alsayedi pays $2M to Elmo Realty for dev site in Harlem (December 28, 2023)
• Saba Vadhat files plans for 22-unit mixed-use building in Central Harlem (October 14, 2020)
Court Records:
Properties: