Namdar Realty Group
150 Middle Neck Rd #304 Great Neck, NY 11021
People:
Namdar Realty Group NYC portfolio
$1.2 billion -office 53%, walkup 12%, condo 12%; Manhattan 85%, Brooklyn 7%, Bronx 6%*
190th largest portfolio by dollar value
2,695,324 sqft – office 43%, walkup 15%, elevator 13%; Manhattan 75%, Brooklyn 12%, Bronx 10%
173th largest by SF
84 properties – Manhattan 40%, Brooklyn 34%, Bronx 20%
93th largest
1,187 residential units – Manhattan 61%, Bronx 19%, Brooklyn 16%
299th largest by residential units
15 foreclosures, 5 bankruptcies, 876 other court cases.
Company Activity past 24 months:
Buyer company: 9 for $431.4 million
Seller company: 4 for $145 million
Borrower company: 7 for $373.8 million
Lender company: 2 for $0
Developer (new building or major alteration): 1 for 124,146 square feet
Top Ten Associated Companies:
Reznik Paz Nevo Trusts (4), Signature Bank (3), Truist Bank (3), Deutsche Bank (3), Acadia Realty Trust (3), Preferred Bank (2), Metropolitan Commercial Bank (2), Ladder Capital (2), 2651 Broadway Partners LLC (1), Webster Bank (1)
Top Ten Associated People:
Hillel Lazarus (3), John Gottfried (3), Nick Wang (1), Gabriel Safdie (1), Louis Ciniglio (1), Kevin Kelley (1), Kenneth A. Stagnari (1), H. Michael Lynch (1), Craig Zajac (1), Jay Shah (1)
Recent activity as company:
• Namdar Realty Group, Klosed Properties, Aaron Etessami and Ramin Abdolazadeh borrowed $26.6 million from Reznik Paz Nevo Trusts for 117 West 57 Street on June 18, 2026.
• Empire State Realty Trust sold 962 8 Avenue for $275 million to Namdar Realty Group on June 01, 2026.
• Namdar Realty Group borrowed $18.1 million from Truist Bank for 448 West 14 Street on May 29, 2026.
• Namdar Realty Group borrowed $5.8 million from Flushing Bank for None on May 28, 2026.
• Maverick Real Estate Partners sold 448 West 14 Street for $23.5 million to Namdar Realty Group on February 06, 2026.
• Namdar Realty Group, Empire Capital Holdings and Mason Asset Management borrowed $172.4 million from Reznik Paz Nevo Trusts for 527 5 Avenue on January 21, 2026.
• Taconic Partners and Settlement Housing Fund sold None for $7.5 million to Namdar Realty Group on December 18, 2025.
• Abraham Khalili and Namdar Realty Group borrowed $93.5 million from Deutsche Bank for 836 3 Avenue on December 05, 2025.
• CIM Group sold 85 Jay Street and 85 Jay Street, DUMBO, Brooklyn for $54.5 million to Namdar Realty Group and Klosed Properties on July 28, 2025.
• Namdar Realty Group and Klosed Properties borrowed $33.1 million from Blue Owl Capital for 85 Jay Street and 85 Jay Street, DUMBO, Brooklyn on July 28, 2025.
Latest Stories:
• Namdar’;s $275M purchase of office in Midtown West from ESRT is recorded (June 10, 2026)
• Dynamic Star re-files bankruptcies, blocking $115.5M UCC auction set for tomorrow (March 17, 2026)
• Namdar pays $23.5M to Maverick for retail in Meatpacking District REO sale (February 12, 2026)
Court Records:
Properties: