Sela Group

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Sela Group NYC portfolio

$30.4 million -hotel 55%, industrial 38%, development 5%; Brooklyn 100%*

2874th largest portfolio by dollar value

238,879 sqft – industrial 85%, hotel 14%; Brooklyn 100%

1384th largest by SF

5 properties – Brooklyn 100%

1991th largest

374 residential units – Brooklyn 100%

739th largest by residential units

0 foreclosures, 0 bankruptcies, 2 other court cases.

Latest Stories:

• Lakhwinder Multani pays $14.3M to Rialto Management Group for hotel in Long Island City (January 09, 2026)

• Lender Rialto Capital acquires LIC hotel from borrower, $8M loan was in pre-foreclosure (October 28, 2025)

• Junior debt sold at LIC hotel facing $8M foreclosure (May 09, 2023)

• Sela Group signs $14M refi loan with Amalgamated Bank for three properties in Greenpoint (August 10, 2022)

• Sela Group signs $15M construction loan with Madison Realty Capital in Clinton Hill (April 27, 2022)

• Issta Group pays $19.7M to Sela Group for new hotel in Long Island City (March 03, 2022)

• Sela Group signs $99M rehab construction loan with Madison Realty for six properties in NYC (December 20, 2021)

• Madison Realty gives $63.2M loan to Sela Group on parcels it once owned (February 01, 2021)

• Arch Companies records $47.5M loan transfer from Maxim for Sela Group properties (October 09, 2020)

• Arch Companies alleges control of $64M in Sela Group assets in Brooklyn, Queens (September 18, 2020)

Court Records:

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Properties:

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