ZHL Group
2383 McDonald Avenue Brooklyn, NY 11223
People:
ZHL Group NYC portfolio
$161 million* – industrial 29.0%, B2 23.0%; Brooklyn 45.0%, Manhattan 30.0%
867th largest portfolio by dollar value
84,011 sqft – office 49.0%, industrial 40.0%;
2146th largest by SF
12 properties – Brooklyn 58%, Manhattan 25%
710th largest
108 residential units – Brooklyn 73.0%, Manhattan 26.0%
1368th largest by residential units
Company Activity past 24 months:
Buyer company: 2 for $38.1 million
Borrower company: 4 for $79.3 million
Top Ten Associated Companies:
Shalimar Management (1), Valley National Bank (1), Fortress Investment Group (1), 360 Capital Funding (1), JPMorgan Chase (1), S3 Capital (1), White Family Limited Partnership (1), Emerald Creek Capital (1), Friedland Properties (1), Zabar Family (1)
Top Ten Associated People:
Barbara Hellman (1), Ann S. Wilhelm (1), Constantine M. Dakolias (1), Dustin Schiavi (1), Carole White (1), William Friedland (1), Stanley Zabar (1)
Recent activity as company:
• ZHL Group borrowed $6.5 million from Maxim Capital Group for 214 West 80th Street, Upper West Side, Manhattan on February 14, 2025.
• Friedland Properties and Zabar Family sold 214 West 80th Street, Upper West Side, Manhattan for $10.5 million to ZHL Group on February 14, 2025.
• ZHL Group borrowed $16.5 million from Emerald Creek Capital for 11-49 44th Drive, Long Island City, Queens on December 20, 2024.
• White Family Limited Partnership sold 11-49 44th Drive, Long Island City, Queens for $27.6 million to ZHL Group on December 20, 2024.
• ZHL Group borrowed $28.8 million from 360 Capital Funding for 432 East 9th Street, 428 East 9th Street, and 424 East 9th Street, Kensington, Brooklyn on November 21, 2023.
• ZHL Group borrowed $27.5 million from Fortress Investment Group for 348-350 West 44th Street, Hell’s Kitchen, Manhattan on October 13, 2023.
• ZHL Group borrowed $15.5 million from S3 Capital for 624 Avenue H, 616 Avenue H, 618 Avenue H, and 622 Avenue H, Midwood, Brooklyn on June 30, 2022.
• ZHL Group borrowed $7 million from Valley National Bank for 348-350 West 44th Street and 346 West 44th Street, Hell’s Kitchen, Manhattan on March 24, 2022.
• Shalimar Management sold 348-350 West 44th Street and 346 West 44th Street, Hell’s Kitchen, Manhattan for $14 million to ZHL Group on March 24, 2022.
• ZHL Group borrowed $8.5 million from JPMorgan Chase for 1976 Crotona Parkway, Tremont, Bronx on August 23, 2021.
Latest Stories:
• ZHL Group pays $10.5M to Friedland, Zabar for likely dev site on UWS (February 17, 2025)
• ZHL Group pays $27.6M for 102-unit dev site in LIC (December 23, 2024)
• Queens coffee family files plans for 102-unit building in LIC (November 29, 2024)
• ZHL Group files plans for 76-unit building in Kensington (September 16, 2022)
• ZHL Group pays $14M to Shalimar Management for two properties in Hell’s Kitchen (March 25, 2022)
Properties: