Kassin Sabbagh Realty
1385 Broadway Floor 22 New York, NY 10018
People:
Kassin Sabbagh Realty NYC portfolio
$95.3 million* – condo 45%, mixed-use 28%; Queens 44%, Manhattan 38%
1219th largest portfolio by dollar value
106,192 sqft – condo 56%, retail 14%;
1848th largest by SF
81 properties – Queens 91%, Manhattan 3%
115th largest
53 residential units – Queens 43%, Manhattan 41%
2106th largest by residential units
2 foreclosures, 0 bankruptcies, 3 other court cases.
Company Activity past 24 months:
Buyer company: 8 for $89.6 million
Seller company: 1 for $8 million
Borrower company: 3 for $24.5 million
Lender company: 1 for $0
Top Ten Associated Companies:
Bluestone Group (3), East West Bank (2), Howard Hua (1), Edward Shllaku (1), Faraidoon Golyan (1), Signature Bank (1), Jordan Sekulow (1), M.P. Management (1), Maxim Capital Group (1), Keystone Management (1)
Top Ten Associated People:
Marc Mendelsohn (3), Janny Cheung (1), Howard Hua (1), Edward Shllaku (1), Faraidoon Golyan (1), Kenneth A. Stagnari (1), Donn Parsons (1), Dan Shalom (1), Frank Bruno Jr. (1), Andrew N. Cutler (1)
Recent activity as company:
• Jordan Sekulow sold 34 East 61st Street, Lenox Hill, Manhattan for $27.5 million to Kassin Sabbagh Realty on March 18, 2025.
• Kassin Sabbagh Realty borrowed $13.2 million from Maxim Capital Group for 142-28 38th Avenue, 142-28 38th Avenue, 142-28 38th Avenue, 142-28 38th Avenue, 142-28 38th Avenue, and others, Flushing, Queens on November 19, 2024.
• Ai Guang Chen and Jin Wu Yu sold 142-28 38th Avenue, 142-28 38th Avenue, 142-28 38th Avenue, 142-28 38th Avenue, 142-28 38th Avenue, and others, Flushing, Queens for $23.5 million to Kassin Sabbagh Realty on November 19, 2024.
• Kassin Sabbagh Realty sold 99-44 62nd Avenue, Rego Park, Queens for $8 million to Edward Shllaku on November 08, 2024.
• M.P. Management borrowed $0 from Kassin Sabbagh Realty for 255 Linden Street and 263 Linden Street, Bushwick, Brooklyn on August 26, 2024.
• Faraidoon Golyan sold 99-44 62nd Avenue, Rego Park, Queens for $5.8 million to Kassin Sabbagh Realty on April 22, 2024.
• Kassin Sabbagh Realty borrowed $5.9 million from East West Bank for 452 West 36th Street, Hudson Yards, Manhattan on November 16, 2023.
• Keystone Management sold 452 West 36th Street, Hudson Yards, Manhattan for $5 million to Kassin Sabbagh Realty on November 16, 2023.
• Kassin Sabbagh Realty borrowed $5.3 million from East West Bank for 4225 White Plains Road, Wakefield, Bronx on April 25, 2023.
• Howard Hua sold 4225 White Plains Road, Wakefield, Bronx for $4.3 million to Kassin Sabbagh Realty on April 25, 2023.
Latest Stories:
• Kassin Sabbagh Realty affiliate acquires 23-unit Flushing condo in bankruptcy (November 20, 2024)
• Edward Shllaku pays $8M to KSR for once bankrupt 62-unit rental in Rego Park (November 11, 2024)
• Retailer Caudalie pays $9.8M to TriState Equities for retail in SoHo (September 12, 2024)
• $9.3M note sold secured by two former Emerald Equity rentals in Bushwick (August 27, 2024)
• Kassin Sabbagh Realty pays $5.8M to Golyan family for 62-unit rental in Rego Park (April 23, 2024)
• Courts roundup: two pre-foreclosures totaling $13.5M (March 06, 2024)
• $28.2M foreclosure sale set for Shirokia Tower in January (December 18, 2023)
• $18M bankruptcy filed in Flushing, $2M in Brooklyn, both to halt auctions (May 26, 2023)
• $12M Rego Park bankruptcy by Great Neck family in ongoing bitter dispute (May 12, 2023)
Court Records:
Properties: