R&B Realty Group
People:
R&B Realty Group NYC portfolio
$8.9 million -office 100%; Manhattan 100%*
5194th largest portfolio by dollar value
9,876 sqft – office 100%; Manhattan 100%
6379th largest by SF
0 foreclosures, 905 bankruptcies, 1097 other court cases.
Company Activity past 24 months:
Seller company: 3 for $33.7 million
Top Ten Associated Companies:
Lightstone Group (2), Global Ops (1), Bluejay Management (1), Yerachmeal Jacobson (1), David Spiegel (1), Noah Spiegel (1), Behrooz Hedvat (1), Joey Arakanchi (1), Kishore Varieth (1), Snehal Patel (1)
Top Ten Associated People:
Joseph E. Teichman (2), Shay Amir (1), Marc Jacobowitz (1), Behrooz Hedvat (1), Yosef Arakanchi (1), Edward Bullard (1), Mark Bahiri (1)
Recent activity as company:
• R&B Realty Group sold 32 West 39th Street, 32 West 39th Street, 32 West 39th Street, 32 West 39th Street, 32 West 39th Street, 32 West 39th Street, and 32 West 39th Street, Grand Central, Manhattan for $14.6 million to Lightstone Group on April 23, 2026.
• R&B Realty Group sold 32 West 39th Street, 32 West 39th Street, 32 West 39th Street, and 32 West 39th Street, Grand Central, Manhattan for $3.5 million to Behrooz Hedvat on April 17, 2026.
• R&B Realty Group sold 32 West 36 Street for $15.7 million to Joey Arakanchi on April 16, 2026.
• R&B Realty Group sold 32 West 39th Street, Grand Central, Manhattan for $2.2 million to Global Ops on July 09, 2024.
• R&B Realty Group sold 22 West 23 Street for $9.7 million to Bluejay Management, Yerachmeal Jacobson, David Spiegel and Noah Spiegel on September 14, 2023.
• R&B Realty Group sold 32 West 39th Street, Grand Central, Manhattan for $2.6 million to Kishore Varieth and Snehal Patel on September 07, 2023.
• R&B Realty Group borrowed $7.5 million from Emerald Creek Capital for 22 West 23 Street on September 01, 2022.
• R&B Realty Group borrowed $52 million from Lightstone Group for 34 West 39 Street on March 04, 2022.
Latest Stories:
• Lightstone Group acquires office condos in Midtown for $14.6M through bankruptcy (May 15, 2026)
• Leon Hedvat pays $3.5M for retail condos in Grand Central through bankruptcy (April 28, 2026)
• Joey Arakanchi pays $15.7M for office in Garment District through bankruptcy (April 28, 2026)
• 3 Garment District properties with $52M Lightstone loan, placed in bankruptcy (September 27, 2024)
• Aron Rosenberg borrows $50.9M from Ladder, pays off Maverick, in Garment District (April 05, 2021)
• Maverick buys $47M notes from Signature secured by Garment District assets (March 09, 2021)
Court Records:
Properties: