Zar Property NY

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Zar Property NY NYC portfolio

$509.1 million* – office 84.0%, condo 14.0%; Manhattan 100.0%, Bronx 0.0%

337th largest portfolio by dollar value

627,207 sqft – office 80%, condo 13%;

513th largest by SF

15 properties – Manhattan 100%, Bronx 0%

568th largest

49 residential units – Manhattan 100%, Bronx 0%

2221th 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: 3 for $82 million

Top Ten Associated Companies:

Signature Bank (3), JPMorgan Chase (2), Safra National Bank (1), Brodsky Organization (1), Amalgamated Bank (1), Norman Sheer (1), Sari Greenbaum (1), Steve Kerler (1), OceanFirst Bank (1), GFP Real Estate (1)

Top Ten Associated People:

Kenneth A. Stagnari (2), Stephan Mazzacca (1), Adam J. Cohen (1), J. Dean Amro (1), Norman Sheer (1), Sari Greenbaum (1), Steve Kerler (1), Alice Alexiou (1)

Recent activity as company:

• Zar Property NY borrowed $36 million from JPMorgan Chase for 119 West 57th Street and 37 East 18th Street, Midtown West, Manhattan on December 13, 2024.

• GFP Real Estate sold 119 West 57th Street, Midtown West, Manhattan for $27 million to Zar Property NY on December 05, 2024.

• Norman Sheer, Sari Greenbaum and Steve Kerler sold 37 East 18th Street, Flatiron District, Manhattan for $27 million to Zar Property NY on September 06, 2024.

• Zar Property NY and HPNY borrowed $10 million from Amalgamated Bank for 30 West 61st Street, Lincoln Square, Manhattan on July 01, 2024.

• Brodsky Organization sold 30 West 61st Street, Lincoln Square, Manhattan for $15.2 million to Zar Property NY and HPNY on February 22, 2024.

• Zar Property NY borrowed $100 million from Safra National Bank for 42 Greene Street and 90 Grand Street, SoHo, Manhattan on August 04, 2022.

• Zar Property NY borrowed $5.9 million from Signature Bank for 47 Mercer Street, SoHo, Manhattan on April 27, 2022.

• Zar Property NY borrowed $82 million from Signature Bank for 244 West 54th Street, Midtown West, Manhattan on March 30, 2022.

• Zar Property NY borrowed $35 million from OceanFirst Bank for 105 Wooster Street, 105 Wooster Street, 105 Wooster Street, and 105 Wooster Street, Soho, Manhattan on March 31, 2021.