Norse Realty Group

2001 Marcus Avenue, Suite W183 Lake Success, NY 11042

People:

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Norse Realty Group portfolio

$11.2 million* – mixed-use 100%; Brooklyn 59%, Queens 40%

2492th largest portfolio by dollar value

49,248 sqft – mixed-use 100%;

2881th largest by SF

2 properties – Brooklyn 50%, Queens 50%

3187th largest

Company Activity past 24 months:

Borrower company: 1 for $6.4 million

Top Ten Associated Companies:

Metropolitan Commercial Bank (1), Flushing Bank (1), Mohammed Abuzahrieh (1), Signature Bank (1)

Top Ten Associated People:

Michael A. Guarino (1), Corinne M. Mullen (1), Mohammed Abuzahrieh (1), Abdel K. Abuzahrieh (1)

Recent activity as company:

Norse Realty Group borrowed $6.4 million from Flushing Bank for 1714-1726 Kings Highway, Sheepshead Bay, Brooklyn on April 22, 2024.

Norse Realty Group sold 5102 13th Avenue, Borough Park, Brooklyn for $13.2 million to Metropolitan Commercial Bank on July 20, 2022.

Norse Realty Group sold 24-32 West Fordham Road, University Heights, Bronx for $5.7 million to Mohammed Abuzahrieh on October 08, 2021.

Norse Realty Group borrowed $7.2 million from Signature Bank for 90-01 Sutphin Boulevard, Jamaica, Queens on October 04, 2021.

Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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