Top Rock Holdings

1330 6th Ave suite 700b New York, NY 10019

People:

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Top Rock Holdings NYC portfolio

$166.2 million -condo 64%, specialty 16%, office 12%; Manhattan 64%, Queens 35%*

1118th largest portfolio by dollar value

246,718 sqft – condo 39%, specialty 28%, office 25%; Queens 56%, Manhattan 39%, Brooklyn 3%

1394th largest by SF

10 properties – Queens 80%, Manhattan 10%, Brooklyn 10%

1067th largest

9 residential units – Brooklyn 100%

4965th largest by residential units

2 foreclosures, 1 bankruptcy, 7 other court cases.

Company Activity past 24 months:

Buyer company: 1 for $14.1 million

Borrower company: 2 for $29.1 million

Top Ten Associated People:

Michael P. Morrow (1), Sumir Sahgal (1), Ken Huang (1), Bruce J. Flanz (1), Ran Eliasaf (1), Guido Subotovsky (1), Victor Brown (1), Roger Rofe (1)

Recent activity as company:

Top Rock Holdings borrowed $16 million from S3 Capital for 87-19 138 Street on November 10, 2025.

Teachers Federal Credit Union sold 87-19 138 Street for $14.1 million to Top Rock Holdings on October 31, 2024.

Top Rock Holdings borrowed $13.1 million from Golden Bridge Funding for 87-19 138 Street on October 31, 2024.

Top Rock Holdings sold 2006 St Paul Avenue for $5 million to Ken Huang on June 06, 2024.

Top Rock Holdings sold 659 Bergen Avenue for $4.3 million to Azimuth Development Group and Top Rock Holdings on September 26, 2023.

Top Rock Holdings sold 134-01 221 Street for $8.7 million to Azimuth Development Group on August 10, 2023.

Top Rock Holdings sold 143-04 Jamaica Avenue for $10.5 million to Medisys Health Network on June 28, 2023.

Top Rock Holdings sold 205-16 Linden Boulevard for $2.8 million to Malul & Co. on May 15, 2023.

Top Rock Holdings borrowed $8.3 million from Lightstone Group for 6 road on January 30, 2023.

• Stephan Kalaijian and Barbara Grace sold 6 road for $12.1 million to Top Rock Holdings on January 30, 2023.

Latest Stories:

• UAE owner of stalled condo conversion at 609 Fifth files bankruptcy as $70M loan matures (June 16, 2026)

• Forest Hill Jewish Center signs $18M initial loan with Valley National Bank in Forest Hills (May 15, 2026)

• RJ Capital, Top Rock, in revised contract to buy Forest Hill Jewish Center for $39M (April 08, 2026)

• RJ Capital, Top Rock put office-to-resi conversion with $71.8M senior debt in bankruptcy to halt UCC auction (March 19, 2026)

• Top Rock Holdings signs $16M refi with S3 Capital for office in Briarwood (November 21, 2025)

• $25M construction loan for Barone, Shie Lefkovits, Azimuth school project in Laurelton (November 15, 2024)

• Top Rock Holdings pays $14.1M to bank for office building in Briarwood (November 13, 2024)

• Ken Huang pays $5M to Top Rock Holdings for office in Pelham Bay (June 24, 2024)

• Foxy Development files plans for 145 units at former Parkway Hospital in Forest Hills (March 11, 2024)

• Azimuth partners with Top Rock through $4.3M equity purchase in Longwood dev site (October 06, 2023)

Court Records:

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Properties:

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