Torkian Group
1650 Broadway, Suite 910 New York, NY 10019
People:
Torkian Group NYC portfolio
$497.8 million -development 50%, elevator 28%, mixed-use 12%; Manhattan 98%, Brooklyn 1%*
445th largest portfolio by dollar value
310,126 sqft – elevator 73%, mixed-use 16%, condo 3%; Manhattan 98%, Brooklyn 1%
1160th largest by SF
18 properties – Manhattan 95%, Brooklyn 5%
549th largest
448 residential units – Manhattan 98%, Brooklyn 1%
637th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Company Activity past 24 months:
Buyer company: 3 for $33.7 million
Borrower company: 3 for $234.2 million
Developer (new building or major alteration): 1 for 138,596 square feet
Top Ten Associated Companies:
M&T Bank (3), Provident Bank (2), Metropolitan Commercial Bank (2), Symetra Life Insurance Company (1), JPMorgan Chase (1), New York Community Bank (1), Barings (1), Bank Leumi (1), AIG (1), Valley National Bank (1)
Top Ten Associated People:
Paul B. Ciancimino (2), Vincent J. Reilly (1), Ursula Flores (1), Anthony Soldi (1), Matthew Stabel (1), Craig Zajac (1), Ross Dahmen (1)
Recent activity as company:
• Torkian Group for Hersel Torkian filed plans for new building for 138,596 sqft in Lenox Hill, Manhattan, on March 17, 2026.
• Torkian Group borrowed $190 million from Barings for 1591 2 Avenue on February 05, 2026.
• Torkian Group borrowed $7 million from M&T Bank for 830 8 Avenue on January 06, 2026.
• Torkian Group borrowed $37.1 million from JPMorgan Chase for 490 7 Avenue on June 17, 2025.
• Copperwood Real Estate and Daniel Smith sold 1382 2 Avenue for $25 million to Torkian Group on September 10, 2024.
• Copperwood Real Estate and Daniel Smith sold 1382 2 Avenue for $3.8 million to Torkian Group on September 10, 2024.
• Thor Equities and ASB Capital Management sold 120 Greenwich Street, 120 Greenwich Street, and 120 Greenwich Street, Financial District, Manhattan for $5 million to Torkian Group on July 16, 2024.
• Torkian Group borrowed $13.7 million from Symetra Life Insurance Company for 247 West 46th Street, Times Square, Manhattan on March 31, 2023.
• Torkian Group borrowed $6.5 million from Metropolitan Commercial Bank for 304 8 Avenue on February 15, 2023.
• Nicholas Stroghilas, Robert Macropoulos, Helen Macropoulos and John Macropoulos sold 304 8 Avenue for $7.2 million to Torkian Group on February 15, 2023.
Latest Stories:
• Torkian Group signs $190M refi with Barings for 128-unit rental in Yorkville (February 13, 2026)
• Thor, ASB Capital sell FiDi retail for $4.95M to Torkian Group, bought for $31M (July 23, 2024)
• Torkian Group pays $7.2M for mixed-use in Chelsea (March 01, 2023)
Court Records:
Properties:
