Azzam Obeid
Owner
Azzam Obeid NYC portfolio
$25.4 million -elevator 74%, walkup 21%, retail 4%; Brooklyn 70%, Manhattan 29%*
3174th largest portfolio by dollar value
87,605 sqft – elevator 78%, walkup 19%, retail 2%; Brooklyn 73%, Manhattan 26%
2620th largest by SF
4 properties – Manhattan 50%, Brooklyn 50%
2437th largest
106 residential units – Brooklyn 83%, Manhattan 16%
1777th largest by residential units
Person Activity past 24 months:
Borrower signatory: 1 for $5.5 million
Developer (new building or major alteration): 3 for 61,687 square feet
Top Ten Associated Companies:
Eric Markel (1), Raymond Orfaly (1), Dime Community Bank (1), JPMorgan Chase (1)
Top Ten Associated People:
Eric Markel (1), Raymond Orfaly (1), Jeanette Kahaly (1), Charlie Terrasi (1), Ursula Flores (1)
Recent activity as signatory:
• The borrower borrowed $5.5 million from JPMorgan Chase for 121 Avenue D on July 23, 2026.
• Azzam Obeid filed plans for new building for 61,687 sqft in Bedford Stuyvesant, Brooklyn, on October 20, 2025.
• Eric Markel sold 9413 3 Avenue for $12.5 million to Azzam Obeid on July 06, 2022.
• Azzam Obeid borrowed $6.2 million from Dime Community Bank for 9413 3 Avenue on July 05, 2022.
• Raymond Orfaly sold 6706 5 Avenue for $5.5 million to Azzam Obeid on June 09, 2020.
Latest Stories:
• Azzam Obeid pays $12.5M to Eric Markel for residential elevator in Bay Ridge (July 19, 2022)
• Azzam Obeid pays $5M for multifamily property in Bay Ridge (June 18, 2020)