Meridian Properties
People:
Meridian Properties NYC portfolio
$619.4 million -elevator 57%, walkup 41%; Brooklyn 99%*
367th largest portfolio by dollar value
3,763,810 sqft – elevator 61%, walkup 38%; Brooklyn 100%
111th largest by SF
113 properties – Brooklyn 100%
55th largest
3,940 residential units – Brooklyn 100%
72th largest by residential units
1 foreclosure, 0 bankruptcies, 0 other court cases.
Company Activity past 24 months:
Buyer company: 4 for $14.1 million
Borrower company: 5 for $77 million
Top Ten Associated Companies:
Signature Bank (7), Berkadia Commercial Mortgage (6), Dime Community Bank (4), Esquire Bank (2), Citizens Bank (1), Vincent Ragosta (1), New York Community Bank (1), Flushing Bank (1), 8101 Third Corp (1), Alma Bank (1)
Top Ten Associated People:
Linda Kershaw (4), Michael Riegler (3), Steven Dorritie (2), Louis Ciniglio (1), Nicholas Arsenis (1), Salvatore F. Calcagno (1), Linda C. Kershaw (1), Nickolas Tsimis (1), Emma Robinson (1)
Recent activity as company:
• Peter Lambrakis sold 929 71 Street for $1.2 million to Meridian Properties on December 30, 2025.
• Meridian Properties borrowed $36.8 million from Berkadia Commercial Mortgage for 496 Albany Avenue on November 21, 2025.
• Meridian Properties borrowed $17 million from Berkadia Commercial Mortgage for 222 East 17 Street on April 30, 2025.
• Jonathan Poole and Debra Cooper sold 255 Ocean Avenue for $4.2 million to Meridian Properties and Carol Tourloukis on April 01, 2025.
• Meridian Properties borrowed $2.8 million from Alma Bank for 255 Ocean Avenue on April 01, 2025.
• Flagstar Bank sold 8010 5 Avenue for $2.6 million to Meridian Properties on December 19, 2024.
• Blackstone Group on December 02, 2024 bought a loan with an original principal of $1.8 million from Blackstone Group, signed by Tony LaBarbera, secured by 6823 3 Avenue, when owned by Meridian Properties.
• Osman Semen sold 7924 19 Avenue for $6 million to Meridian Properties on August 23, 2024.
• Meridian Properties borrowed $20.5 million from Berkadia Commercial Mortgage for 152 Parkside Avenue on July 01, 2024.
• Meridian Properties borrowed $7.4 million from Berkadia Commercial Mortgage for 395 St Johns Place on December 22, 2023.
Latest Stories:
• Meridian Properties signs $17M refi with Berkadia for two rentals in Flatbush (May 08, 2025)
• Meridian Properties signs $20.5M refi with Berkadia for 7 properties in Flatbush (May 02, 2025)
• Meridian Properties pays $2.6M to Flagstar Bank for commercial in Bay Ridge (January 22, 2025)
• Meridian Properties pays $6M for residential elevator in Bensonhurst (September 23, 2024)
• Meridian Properties pays $4.3M for 36-unit rental in Prospect Lefferts Gardens (May 30, 2023)
Court Records:
Properties: