Torkian Group

1650 Broadway, Suite 910 New York, NY 10019

People:

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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 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)

• 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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