Hakimian Organization
8 West 40th Street, 6th Floor New York, NY 10018
People:
Hakimian Organization NYC portfolio
$934.8 million -office 46%, elevator 44%, condo 7%; Manhattan 72%, Queens 27%*
299th largest portfolio by dollar value
1,277,488 sqft – office 49%, elevator 42%, condo 7%; Manhattan 89%, Queens 10%
429th largest by SF
15 properties – Manhattan 95%, Queens 4%
756th largest
1,046 residential units – Manhattan 50%, Queens 49%
380th largest by residential units
1 foreclosure, 0 bankruptcies, 0 other court cases.
Company Activity past 24 months:
Buyer company: 2 for $37.3 million
Seller company: 1 for $30 million
Borrower company: 1 for $14 million
Lender company: 1 for $0
Top Ten Associated Companies:
Apple Bank for Savings (5), Signature Bank (1), iPark (1), Navika Capital Group (1), Apollo Global Management (1), Chess Builders (1), JPMorgan Chase (1), Cain International (1), JTS Capital Group (1), Annaly Capital Management (1)
Top Ten Associated People:
William S. Lerner (1), Naveen Shah (1), Jeffrey Horowitz (1), Cheskel Schwimmer (1), Jason Gatchell (1), Jesse Hutcher (1)
Recent activity as company:
• Hakimian Organization on April 13, 2026 bought a loan with an original principal of $34 million from Shanghai Commercial Bank, signed by Nim Chi Lau, secured by 343 West 35 Street, when owned by New World Art Center.
• Brickman and Investcorp sold 260 West 38 Street for $21.5 million to Hakimian Organization on May 23, 2025.
• Hakimian Organization borrowed $14 million from Derby Copeland Capital for 260 West 38 Street on May 23, 2025.
• Hakimian Organization sold 250 West 49 Street for $30 million to Chess Builders on January 13, 2025.
• Hakimian Organization borrowed $150 million from Apollo Global Management for 72-01 Queens Boulevard on June 27, 2024.
• Lewis Miller sold 42-08 35 Avenue for $15.8 million to Hakimian Organization and CW Realty Group on January 16, 2024.
• Cain International on June 08, 2023 bought a loan with an original principal of $104.7 million from Pacific Western Bank, secured by 72-01 Queens Boulevard, when owned by Hakimian Organization.
• Hakimian Organization borrowed $16.6 million from JPMorgan Chase for 41-32 27 Street on March 29, 2023.
• Hakimian Organization sold 75 Wall Street, Financial District, Manhattan for $5 million to iPark on May 06, 2022.
• Hakimian Organization sold 75 Wall Street, Financial District, Manhattan for $84.7 million to Navika Capital Group on December 29, 2021.
Latest Stories:
• Hakimian Organization, CW Realty pay $15.8M for dev site in Astoria (January 28, 2025)
• Chess Builders pays $30M to Hakimian Org. for 135-unit dev site in Midtown West (January 20, 2025)
• iPark pays $5M to Hakimian Organization for garage condo in Financial District (May 25, 2022)
• JTS Capital buys $2.5M note secured by Hakimian Org’;s LIC mixed-use (July 08, 2021)
• Hakimian Organization signs $10M refi loan with Apple Bank for rental in Nolita (June 23, 2021)
Court Records:
Properties: