Torkian Group

1650 Broadway, Suite 910 New York, NY 10019

People:

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Torkian Group NYC portfolio

$496.9 million -development 50%, elevator 28%, mixed-use 12%; Manhattan 98%, Brooklyn 1%*

556th largest portfolio by dollar value

310,126 sqft – elevator 73%, mixed-use 16%, condo 3%; Manhattan 98%, Brooklyn 1%

1261th largest by SF

18 properties – Manhattan 95%, Brooklyn 5%

659th largest

430 residential units – Manhattan 98%, Brooklyn 1%

759th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Buyer company: 2 for $28.8 million

Borrower company: 4 for $264.6 million

Developer (new building or major alteration): 1 for 138,596 square feet

Top Ten Associated People:

Paul B. Ciancimino (2), Craig Zajac (1), Ross Dahmen (1), Roland Cablayan (1), Vincent J. Reilly (1), Ursula Flores (1), Anthony Soldi (1), Matthew Stabel (1)

Recent activity as company:

Torkian Group borrowed $30.5 million from Valley National Bank for 890 Avenue Of The Americas on July 28, 2026.

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.

• 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)

• Torkian Group signs $37.1M refi with JPMorgan Chase for 104-unit rental in Garment District (July 01, 2025)

• Argent Ventures sells minority stake in Crowne Plaza hotel building in Times Square for $53.3M (August 16, 2024)

• Thor, ASB Capital sell FiDi retail for $4.95M to Torkian Group, bought for $31M (July 23, 2024)

• Copperwood seeks partition, sale of 3-building Lenox Hill dev site currently offered for $28M (March 06, 2024)

• Torkian Group pays $7.2M for mixed-use in Chelsea (March 01, 2023)

• Argent Ventures pays $17.2M to Riese for last portion of fee in bankrupt Times Square hotel it did not own (January 06, 2023)

• Argent, Vornado break Times Square hotel deadlock with bankruptcy plan, $419M in senior debt (December 29, 2022)

• Torkian Group signs $145M construction loan for 106-unit development in Yorkville (December 02, 2022)

• Torkian Group signs $31.2M refi loan with New York Community for rental in Korea Town (December 03, 2021)

Court Records:

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Properties:

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