Zara Realty Holding

153-10 88th Ave, Jamaica, NY 11432

166-07 Hillside Ave. Jamaica, NY 11432

People:

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Zara Realty Holding NYC portfolio

$636 million -elevator 89%, walkup 9%; Queens 99%*

350th largest portfolio by dollar value

2,787,880 sqft – elevator 90%, walkup 9%; Queens 100%

166th largest by SF

53 properties – Queens 100%

165th largest

3,148 residential units – Queens 100%

85th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Borrower company: 2 for $272 million

Top Ten Associated People:

Philip Rinaldi (3), Michael Riegler (1), Sharanjit Kaur (1), Ryan McAuliffe (1), Elizabeth Arato (1), P. Gavin Arneth (1), Grant R. Rickelman (1)

Recent activity as company:

• Zara Realty Holding borrowed $225 million from Arbor Realty Trust for 168-02 88 Avenue on February 23, 2026.

• Zara Realty Holding borrowed $47 million from Customers Bank for 87-57 166 Street on November 27, 2024.

• Zara Realty Holding borrowed $38.5 million from Northern Trust Company for 94-25 57 Avenue on September 18, 2023.

• Zara Realty Holding borrowed $42.5 million from Provident Bank for 88-05 166 Street on May 24, 2023.

• Zara Realty Holding borrowed $13.9 million from Northern Trust Company for 88-22 Parsons Boulevard on August 15, 2022.

• Zara Realty Holding borrowed $72.2 million from Signature Bank for 148-05 89 Avenue on June 21, 2022.

• Zara Realty Holding sold 93-08 104 Street for $3.1 million to Sharanjit Kaur on February 18, 2022.

• Zara Realty Holding borrowed $16.2 million from Dime Community Bank for 88-05 171 Street on February 09, 2022.

• Zara Realty Holding borrowed $14.5 million from Dime Community Bank for 51-25 Van Kleeck Street on January 25, 2022.

• Zara Realty Holding borrowed $14.5 million from Dime Community Bank for 51-25 Van Kleeck Street on January 25, 2022.

Latest Stories:

• Zara Realty signs $225M refi with Arbor Realty for 18 properties in Queens (March 16, 2026)

• Zara Realty signs $47M refi for two rentals in Queens (January 15, 2025)

• Zara Realty signs $72.2M refi loan with Signature Bank for 358 units in Queens, up from $54.5M (August 22, 2022)

• Subraj family’s Zara Realty sells retail in Richmond Hill for $3.1M (March 23, 2022)

• Zara Realty signs $65M construction loan with Arbor Realty for 223-unit project in Jamaica (November 04, 2021)

• Zara Realty signs $16.2M refi with Dime Community for rental in Jamaica (November 02, 2021)

• Zara Realty signs $16.1M refi with Northern Trust for two rentals in Jamaica (August 11, 2021)

• Zara Realty borrows $27M from Arbor for property in Jamaica (March 05, 2021)

• Zara Realty borrows $54M from Northern Trust Company for property in Jamaica (December 28, 2020)

Court Records:

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Properties:

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