ISJ Management
(JJ Operating)
110 West 34th Street, 9th Floor New York, NY 10001
People:
ISJ Management NYC portfolio
$512.5 million -retail 73%, office 16%, mixed-use 9%; Manhattan 41%, Bronx 36%, Brooklyn 13%*
434th largest portfolio by dollar value
991,190 sqft – retail 37%, office 36%, mixed-use 26%; Bronx 55%, Brooklyn 34%, Manhattan 9%
491th largest by SF
20 properties – Bronx 40%, Manhattan 30%, Brooklyn 15%
512th largest
6 residential units – Brooklyn 100%
5659th largest by residential units
1 foreclosure, 0 bankruptcies, 0 other court cases.
Notes
JJ Operating and ISJ Management have shared office locations and are both affiliated with the Jemal family.
Company Activity past 24 months:
Seller company: 3 for $41.3 million
Borrower company: 3 for $212.7 million
Top Ten Associated Companies:
Capital One (2), Signature Bank (2), Fortress Investment Group (1), Pacific Western Bank (1), Apple Bank for Savings (1), Rabsky Group (1), Yitzchok Katz (1), Starwood Mortgage Capital (1), Raimondo Zaytoune (1), Extell Development (1)
Top Ten Associated People:
Paul Verdi (2), Kenneth A. Stagnari (2), Cynthia Wang (1), Abraham Kohn (1), Yitzchok Katz (1), Grace Chiang (1), Raimondo Zaytoune (1), Jeffrey Feil (1), Jeffrey Horowitz (1), Gordon Reid (1)
Recent activity as company:
• Ralph Braha, ISJ Management, Jenel Management, Buhm Roe and Nakash Holdings sold 267 Broadway for $30 million to Rabsky Group on May 14, 2026.
• ISJ Management and JJ Operating sold 3696 Nostrand Avenue, Sheepshead Bay, Brooklyn for $3.6 million to Raimondo Zaytoune on April 27, 2026.
• JJ Operating borrowed $19.8 million from TriState Capital Bank for 555 Bergen Avenue on September 30, 2025.
• JJ Operating sold 382 Fulton Street for $7.7 million to Extell Development and Feil Organization on July 09, 2025.
• JJ Operating borrowed $185 million from Apollo Global Management for None on April 11, 2025.
• JJ Operating borrowed $7.9 million from Tristate Capital Bank for 8 Flatbush Avenue on June 12, 2024.
• JJ Operating borrowed $39 million from Starwood Mortgage Capital for Howard building on October 13, 2023.
• Jem Realty Management and ISJ Management borrowed $18.7 million from Apple Bank for Savings for 1 East Fordham Road on October 10, 2023.
• Fortress Investment Group on August 15, 2023 bought a loan with an original principal of $42 million from Capital One, signed by Nicholas Eng, secured by Howard building, when owned by ISJ Management.
• ISJ Management borrowed $55 million from Signature Bank for 249-33 Rockaway Boulevard on December 08, 2022.
Latest Stories:
• Raimondo Zaytoune pays $3.6M to Jemal family for retail in Sheepshead Bay (June 10, 2026)
• Jemal family’;s JJ Operating signs $185M refi with Apollo for Chelsea (April 18, 2025)
• Blackstone files $25M pre-foreclosure at FiDi high rise dev site (October 07, 2024)
Court Records:
Properties: