Malachite Group
Lender
48 Old Country Rd Suite 203 Mineola, NY 11501
People:
Malachite Group NYC portfolio
$129.7 million -retail 61%, condo 18%, mixed-use 16%; Queens 64%, Manhattan 35%*
1284th largest portfolio by dollar value
248,262 sqft – retail 58%, mixed-use 18%, condo 12%; Queens 66%, Manhattan 33%
1353th largest by SF
19 properties – Queens 75%, Manhattan 25%
536th largest
37 residential units – Queens 54%, Manhattan 45%
3003th largest by residential units
1 foreclosure, 0 bankruptcies, 0 other court cases.
Company Activity past 24 months:
Buyer company: 10 for $93.5 million
Borrower company: 10 for $68.9 million
Lender company: 2 for $5.1 million
Top Ten Associated Companies:
Flushing Bank (4), Simmons Bank (3), Malachite Group (1), CBD Kratom (1), Citizens Bank (1)
Top Ten Associated People:
Corinne M. Mullen (4), Thomas J. Danik (1), Jay Yacow (1), Garrett Sokoloff (1), Thomas Danik (1)
Recent activity as company:
• Malachite Group borrowed $12.1 million from Simmons Bank for 314 Grand Street, Lower East Side, Manhattan on April 28, 2026.
• Malachite Group borrowed $14.4 million from Flushing Bank for 95-07 63 Drive on December 18, 2025.
• Malachite Group borrowed $6.6 million from Flushing Bank for 95-24 63 Drive on December 18, 2025.
• Imperial Sterling sold 95-24 63 Drive for $13.1 million to Malachite Group on December 17, 2025.
• Imperial Sterling sold 94-26 63 Drive for $7.4 million to Malachite Group on December 17, 2025.
• Imperial Sterling sold 95-07 63 Drive for $16.1 million to Malachite Group on December 17, 2025.
• Imperial Sterling sold 96-70 Queens Boulevard for $24.4 million to Malachite Group on December 17, 2025.
• Imperial Sterling sold 95-38 Queens Boulevard for $5 million to Malachite Group on December 17, 2025.
• Chris Papadopoulos sold 35-24 94 Street for $2.1 million to Malachite Group on December 15, 2025.
• Malachite Group borrowed $3.3 million from Flushing Bank for None on December 15, 2025.
Latest Stories:
• Malachite Group pays $2.7M for retail in Astoria (July 15, 2025)
• Malachite Group pays $2.1M to cannabis retail owner for mixed-use in Astoria (June 16, 2025)
• Malachite Group pays $18.4M to Hidrock for one time dev site in FiDi (April 01, 2025)
• Manny Malekan’s Malachite Group buys $6M note on College Point industrial (March 28, 2025)
• Cannabis retailer CBD Kratom pays $2.2M for retail location in Astoria (December 22, 2022)
Court Records:
Properties: