Platinum Realty Associates

102-10 Metropolitan Avenue, Suite 200 Forest Hills, NY 11735

People:

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Platinum Realty Associates NYC portfolio

$280.7 million* – retail 70%, mixed-use 21%; Queens 57%, Brooklyn 38%

569th largest portfolio by dollar value

526,960 sqft – retail 69%, mixed-use 23%;

577th largest by SF

87 properties – Queens 57%, Brooklyn 37%

102th largest

53 residential units – Queens 56%, Brooklyn 43%

2101th largest by residential units

0 foreclosures, 0 bankruptcies, 2 other court cases.

Company Activity past 24 months:

Buyer company: 9 for $39.4 million

Seller company: 3 for $15.7 million

Borrower company: 2 for $16.4 million

Top Ten Associated People:

Nicholas A. LaMorte (2), Lalmir Sultanzada (1), Anastasia Soula (1), Yu Hua Wu (1), Jennifer Golek (1), Shiraz Sanjana (1), Michael Weiss (1), Lai Tin Yam (1), Carla R. Stoner (1), Iqbal Kaknia (1)

Recent activity as company:

• Platinum Realty Associates borrowed $7.5 million from Ridgewood Savings Bank for 97-01 Northern Boulevard, North Corona, Queens on March 10, 2025.

• Rosemarie Brown, Mona B. Wheeler, Douglas C. Lang, Stewart R. Lang, Donald H. Lang and Robert D. Hill sold 94-02 63rd Drive, Rego Park, Queens for $5.2 million to Platinum Realty Associates on February 28, 2025.

• Platinum Realty Associates borrowed $8.9 million from Customers Bank for 833 Flatbush Avenue and 847 Flatbush Avenue, Flatbush, Brooklyn on September 20, 2024.

• Harbor Group International sold 833 Flatbush Avenue and 847 Flatbush Avenue, Flatbush, Brooklyn for $12.5 million to Platinum Realty Associates on September 20, 2024.

• Deborah Levine sold 96-01 37th Avenue, North Corona, Queens for $6 million to Platinum Realty Associates and Simkho Aranbayev on September 04, 2024.

• Irving Waldman sold 1584-1594 Rockaway Parkway, Canarsie, Brooklyn for $2.8 million to Platinum Realty Associates on August 27, 2024.

• Patrick Rood sold 309 7th Avenue, Park Slope, Brooklyn for $4.2 million to Platinum Realty Associates and Simkho Aranbayev on July 23, 2024.

• Shiraz Sanjana sold 35-02 30th Avenue, Astoria, Queens for $2.3 million to Platinum Realty Associates on April 02, 2024.

• John Quadrozzi Jr. sold 501 Smith Street, Gowanus, Brooklyn for $1.8 million to Platinum Realty Associates on February 01, 2024.

• Yu Hua Wu sold 481-489 Brook Avenue, Mott Haven, Bronx for $2.4 million to Platinum Realty Associates on November 28, 2023.

Latest Stories:

• AB Capstone signs $24M refi with Stabilis for retail in Jamaica Estates (March 05, 2025)

• Platinum Realty pays $12.5M to Harbor Group for Flatbush retail, was $22M in 2015 (September 20, 2024)

• Simkho Aranbayev pays $6M for retail in North Corona (September 05, 2024)

• Platinum Realty Associates pays $2.8M for retail in Canarsie (August 28, 2024)

• Platinum Realty, Aranbayev pay $4.2M for mixed-use in Park Slope (July 24, 2024)

• CurbCut Urban Partners signs $6.3M refi with Provident Bank for stalled dev in Sunnyside (July 17, 2024)

• Platinum Realty Associates pays $2.3M for mixed-use in Astoria (April 03, 2024)

• Platinum Realty Associates pays $2.4M for retail in Mott Haven (November 29, 2023)

• Platinum Realty Associates pays $2.4M for retail in Cambria Heights (September 07, 2023)

• Lalmir Sultanzada pays $4M for dev site in South Jamaica (August 21, 2023)

Court Records:

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Properties:

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*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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