Zalmen Management

People:

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Zalmen Management portfolio

$118.1 million* – elevator 54%, walkup 42%; Bronx 43%, Brooklyn 29%

489th largest portfolio by dollar value

1,379,941 sqft – elevator 58%, walkup 39%;

244th largest by SF

52 properties – Bronx 46%, Brooklyn 30%

189th largest

1,544 residential units – Bronx 51%, Brooklyn 31%

153th largest by residential units

Company Activity past 24 months:

Borrower company: 1 for $13.3 million

Top Ten Associated Companies:

Signature Bank (2), NorthEast Community Bank (1)

Recent activity as company:

Zalmen Management borrowed $13.3 million from NorthEast Community Bank for 2026 Honeywell Avenue, West Farms, Bronx on February 27, 2024.

Zalmen Management for Yoel Klein filed plans for new building for 41,714 sqft in West Farms, Bronx, on June 21, 2021.

Zalmen Management borrowed $9 million from Signature Bank for 676 Beck Street, 680 Beck Street, 686 Beck Street, Morrisania, Bronx on August 31, 2020.

Zalmen Management borrowed $24.6 million from Signature Bank for 785 Dekalb Avenue, Bedford-Stuyvesant, Brooklyn on October 07, 2019.

Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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