Amir Sobhraj
Zara Realty Holding
153-10 88th Ave, Jamaica, NY 11432
166-07 Hillside Ave. Jamaica, NY 11432
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.
Person Activity past 24 months:
Borrower signatory: 1 for $225 million
Top Ten Associated Companies:
Northern Trust Company (5), Arbor Realty Trust (4), Provident Bank (1)
Top Ten Associated People:
P. Gavin Arneth (1), Grant R. Rickelman (1), Ryan McAuliffe (1)
Recent activity as signatory:
• Zara Realty Holding borrowed $225 million from Arbor Realty Trust for 168-02 88 Avenue on February 23, 2026.
• 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 $65 million from Arbor Realty Trust for 153-28 88 Avenue on October 08, 2021.
• Zara Realty Holding borrowed $16.1 million from Northern Trust Company for 164-09 89 Avenue on June 29, 2021.
• Zara Realty Holding borrowed $16.1 million from Northern Trust Company for 164-09 89 Avenue on June 29, 2021.
• Zara Realty Holding borrowed $27 million from Arbor Realty Trust for 88-25 153 Street on February 01, 2021.
• Zara Realty Holding borrowed $27 million from Arbor Realty Trust for 88-25 153 Street on February 01, 2021.
• Zara Realty Holding borrowed $54 million from Northern Trust Company for 166-33 89 Avenue on December 03, 2020.
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 $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)
• SOBHRAJ, AMIR paid $11M to PMG LEROY STREET DEVELOPMENT LLC (July 15, 2019)