Palestra Properties
808 Montparnasse Pl Newtown Square, PA 19073
People:
Palestra Properties NYC portfolio
$26.7 million -condo 51%, retail 48%; Brooklyn 51%, Queens 48%*
3051th largest portfolio by dollar value
28,879 sqft – condo 55%, retail 44%; Brooklyn 55%, Queens 44%
4365th largest by SF
2 properties – Brooklyn 66%, Queens 33%
3888th largest
Company Activity past 24 months:
Seller company: 1 for $10.2 million
Top Ten Associated Companies:
KeyBank (2), Ironside Realty (1)
Top Ten Associated People:
Laith Hermiz (1)
Recent activity as company:
• Palestra Properties sold 1435 86 Street for $10.2 million to Ironside Realty on April 18, 2025.
• Palestra Properties borrowed $13.5 million from KeyBank for 4002 10th Avenue and 4002 10th Avenue, Borough Park, Brooklyn on October 05, 2021.
• Hua Shan Chen sold 4002 10th Avenue and 4002 10th Avenue, Borough Park, Brooklyn for $9.3 million to Palestra Properties on October 05, 2021.
• Palestra Properties borrowed $9.8 million from KeyBank for 88-04 207 Street on July 20, 2021.
• Samuel Genet sold 88-04 207 Street for $7 million to Palestra Properties on July 20, 2021.
Latest Stories:
• Ironside Realty signs $7M acquisition loan with Lead Bank for office in Bensonhurst (May 30, 2025)
• Nashville’s Ironside Realty pays $10.2M for office in Bensonhurst (May 02, 2025)
• Palestra Properties pays $9.3M for office building in Borough Park (October 20, 2021)
• Palestra Properties pays $7M to Samuel Genet for retail in Hollis (August 09, 2021)
Properties: