Zar Property NY
People:
Zar Property NY NYC portfolio
$413.8 million -office 81%, condo 16%, walkup 1%; Manhattan 99%*
527th largest portfolio by dollar value
627,207 sqft – office 80%, condo 13%, walkup 5%; Manhattan 100%
705th largest by SF
12 properties – Manhattan 100%
839th largest
49 residential units – Manhattan 100%
2628th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Company Activity past 24 months:
Buyer company: 3 for $69.2 million
Borrower company: 4 for $151.9 million
Top Ten Associated Companies:
Signature Bank (3), Safra National Bank (3), Berliner & Pilson registered (2), OceanFirst Bank (1), Amalgamated Bank (1), JPMorgan Chase (1)
Top Ten Associated People:
Kenneth A. Stagnari (2), Stephan Mazzacca (1), Adam J. Cohen (1)
Recent activity as company:
• Zar Property NY borrowed $77.2 million from Safra National Bank and Berliner & Pilson registered for 252 West 54 Street on June 13, 2025.
• Zar Property NY borrowed $28.7 million from Safra National Bank and Berliner & Pilson registered for 349 5 Avenue on June 13, 2025.
• GFP Real Estate sold 121 West 57 Street for $27 million to Zar Property NY on November 25, 2024.
• Zar Property NY borrowed $36 million from JPMorgan Chase for 121 West 57 Street on November 25, 2024.
• Norman Sheer, Sari Greenbaum and Steve Kerler sold 41 East 18 Street for $27 million to Zar Property NY on August 29, 2024.
• Zar Property NY and HPNY borrowed $10 million from Amalgamated Bank for 30 West 61st Street, Lincoln Square, Manhattan on June 27, 2024.
• Brodsky Organization sold 30 West 61st Street, Lincoln Square, Manhattan for $15.2 million to Zar Property NY and HPNY on February 15, 2024.
• Zar Property NY borrowed $100 million from Safra National Bank for 42 Greene Street on May 26, 2022.
• Zar Property NY borrowed $5.9 million from Signature Bank for 47 Mercer Street, SoHo, Manhattan on April 12, 2022.
• Zar Property NY borrowed $82 million from Signature Bank for 252 West 54 Street on March 09, 2022.
Latest Stories:
• Zar Property signs $36M loan for recent purchases in Midtown West, Flatiron (December 16, 2024)
• Zar Property NY pays $27M to GFP for office in Midtown West (December 06, 2024)
• Zar Property NY pays $27M for office in Flatiron District (September 06, 2024)
• Zar Property, HPNY pay $15.2M to Brodsky for office condo in Lincoln Square (February 23, 2024)
• Zar Property NY signs $82M refi with Signature Bank for office in Midtown West (March 31, 2022)
• Zar Property NY refis $35M with Ocean First Bank for property in Soho (April 01, 2021)
Court Records:
Properties: