ISJ Management
(JJ Operating)
110 West 34th Street, 9th Floor New York, NY 10001
People:
ISJ Management NYC portfolio
$505.1 million -retail 74%, office 16%, mixed-use 8%; Manhattan 42%, Bronx 35%, Brooklyn 13%*
445th largest portfolio by dollar value
973,647 sqft – retail 37%, office 37%, mixed-use 25%; Bronx 54%, Brooklyn 35%, Manhattan 9%
501th largest by SF
18 properties – Manhattan 33%, Bronx 33%, Brooklyn 16%
554th largest
196 residential units – Manhattan 96%, Brooklyn 3%
1162th 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: 1 for $7.7 million
Borrower company: 3 for $212.7 million
Top Ten Associated Companies:
Signature Bank (2), Capital One (2), Apollo Global Management (1), Extell Development (1), Feil Organization (1), TriState Capital Bank (1), Starwood Mortgage Capital (1), Tristate Capital Bank (1), Stop & Shop (1), Apple Bank for Savings (1)
Top Ten Associated People:
Paul Verdi (2), Kenneth A. Stagnari (2), Jeffrey Horowitz (1), Jeffrey Feil (1), Grace Chiang (1), Gordon Reid (1), Cynthia Wang (1), Yitzchok Katz (1)
Recent activity as company:
• 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.
• ISJ Management, Jemstone Group and Billy Shalom sold 360 Livingston Street for $25.5 million to Yitzchok Katz on August 25, 2022.
• ISJ Management borrowed $9.5 million from Signature Bank for 140 East Fordham Road on July 15, 2022.
Latest Stories:
• Jemal family’s JJ Operating signs $185M refi with Apollo for Chelsea (April 18, 2025)
Court Records:
Properties: