JJ Operating
(ISJ Management, Jemstone Group)
110 W 34th St Suite 9th Fl New York, NY 10001
112 W 34th St. #2106 New York, NY 10120
People:
JJ Operating NYC portfolio
$562.8 million -retail 68%, office 15%, mixed-use 15%; Manhattan 39%, Bronx 36%, Brooklyn 14%*
467th largest portfolio by dollar value
1,079,949 sqft – retail 35%, office 33%, mixed-use 30%; Bronx 53%, Brooklyn 33%, Manhattan 10%
496th largest by SF
25 properties – Bronx 36%, Manhattan 28%, Brooklyn 20%
468th largest
20 residential units – Manhattan 65%, Brooklyn 35%
3912th largest by residential units
1 foreclosure, 0 bankruptcies, 2 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: 5 for $45.7 million
Borrower company: 2 for $204.8 million
Top Ten Associated Companies:
Signature Bank (6), Capital One (3), Apple Bank for Savings (1), Yitzchok Katz (1), Rabsky Group (1), Raimondo Zaytoune (1), Extell Development (1), Feil Organization (1), Apollo Global Management (1), TriState Capital Bank (1)
Top Ten Associated People:
Kenneth A. Stagnari (5), Paul Verdi (2), Cynthia Wang (1), Yitzchok Katz (1), Abraham Kohn (1), Raimondo Zaytoune (1), Jeffrey Feil (1), Jeffrey Horowitz (1), Grace Chiang (1), Uzi Shvut (1)
Recent activity as company:
• JJ Operating, Joseph J. Jemal, ISJ Management and Parkway Management sold 849 Manhattan Avenue for $2.4 million to Kanstantsin Skirukha on July 08, 2026.
• 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 None for $3.6 million to Raimondo Zaytoune on April 27, 2026.
• Jemstone Group sold 2946 3 Avenue for $2 million to Uzi Shvut on December 09, 2025.
• 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.
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: