Lalezarian Properties

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Lalezarian Properties NYC portfolio

$1.1 billion* – elevator 76.0%, walkup 6.0%; Manhattan 67.0%, Brooklyn 28.0%

160th largest portfolio by dollar value

1,790,828 sqft – elevator 83%, industrial 7%;

178th largest by SF

20 properties – Manhattan 75%, Brooklyn 15%

451th largest

1,868 residential units – Manhattan 51%, Brooklyn 48%

112th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Buyer company: 3 for $82.9 million

Borrower company: 3 for $174.8 million

Lender company: 1 for $15 million

Top Ten Associated Companies:

JPMorgan Chase (5), Wells Fargo (3), Henry Modell & Co. (2), TD Bank (2), BLDG Management (2), BEB Capital (1), Santander Bank (1), Princeton International Properties (1), Bank of New York Mellon (1), New York Community Bank (1)

Top Ten Associated People:

Bert E. Brodsky (2), Lloyd Goldman (2), Sarah Chivi (1), Nicholas Capowski (1), Ursula Flores (1), Alexander D. Carni (1), David Tawfik (1), Brian J. Terry (1), Kamal Yagubov (1), Shaz Mossanen (1)

Recent activity as company:

• Henry Modell & Co. and BEB Capital sold 34-24 Vernon Boulevard and 34-31 Vernon Boulevard, Astoria, Queens for $39 million to Lalezarian Properties on March 13, 2025.

• Henry Modell & Co. borrowed $15 million from Lalezarian Properties for 34-24 Vernon Boulevard and 34-31 Vernon Boulevard, Astoria, Queens on November 29, 2024.

• Mossanen Group sold 207 East 37th Street, 213 East 37th Street, 569 3rd Avenue, 571 3rd Avenue, and 567 3rd Avenue, Murray Hill, Manhattan for $10.4 million to Lalezarian Properties on November 08, 2024.

• Lalezarian Properties borrowed $29.9 million from TD Bank for 277 Gold Street, Downtown Brooklyn, Brooklyn on March 18, 2024.

• Lalezarian Properties borrowed $94.9 million from JPMorgan Chase for 309 Gold Street, Downtown Brooklyn, Brooklyn on July 14, 2023.

• Lalezarian Properties borrowed $50 million from TD Bank for 650 1st Avenue, Murray Hill, Manhattan on April 03, 2023.

• Princeton International Properties sold 650 1st Avenue, Murray Hill, Manhattan for $33.5 million to Lalezarian Properties on March 27, 2023.

• Lalezarian Properties borrowed $60 million from Bank of New York Mellon for 232 East 54th Street, Midtown East, Manhattan on October 31, 2022.

• Lalezarian Properties borrowed $37 million from Wells Fargo for 100 Charlton Street and 102 Charlton Street, Hudson Square, Manhattan on July 15, 2022.

• Lalezarian Properties borrowed $55 million from JPMorgan Chase for 300 East 83rd Street, Yorkville, Manhattan on June 30, 2022.