Babak Zar
(Bobby Zar)
ZG Capital Partners
ZG Capital Partners NYC portfolio
$500.8 million -office 88%, retail 7%, walkup 2%; Manhattan 100%*
446th largest portfolio by dollar value
566,502 sqft – office 83%, retail 10%, elevator 3%; Manhattan 100%
754th largest by SF
5 properties – Manhattan 100%
1833th largest
12 residential units – Manhattan 100%
4473th largest by residential units
Notes
Bobby Zar also leads the Zar Group.
Person Activity past 24 months:
Borrower signatory: 2 for $35.9 million
Top Ten Associated Companies:
Goldman Sachs (2), JPMorgan Chase (2), Hyde Park Antiques (1), ACRES Capital (1), Ladder Capital (1), Bank of Montreal (1)
Top Ten Associated People:
Bernard Karr (1), Jaclyn Jesperger (1), Josh Clary (1), Andrea H. Chermayeff (1)
Recent activity as signatory:
• ZG Capital Partners borrowed $7 million from JPMorgan Chase for 680 Broadway on January 21, 2026.
• ZG Capital Partners borrowed $28.9 million from JPMorgan Chase for 838 Broadway on November 25, 2024.
• ZG Capital Partners and Rialto Capital Management borrowed $120 million from ACRES Capital for 49 East 53 Street on July 15, 2022.
• Zar Group borrowed $71 million from Goldman Sachs for 230 East 134 Street on March 25, 2022.
• Hyde Park Antiques sold 838 Broadway for $39.2 million to ZG Capital Partners on December 08, 2021.
• Zar Group borrowed $37.5 million from Ladder Capital for 838 Broadway on December 08, 2021.
• ZG Capital Partners borrowed $215 million from Bank of Montreal for 1450 Broadway on August 25, 2021.
• ZG Capital Partners borrowed $6.5 million from Goldman Sachs for 654 Broadway on May 19, 2021.
Latest Stories:
• ZG Capital Partners pays $10.9M to Campari owner for mixed-use in NoHo (February 04, 2026)
• Bobby Zar’s ZG Capital signs $28.9M refi for retail in Greenwich Village (December 12, 2024)
• Billionaire Garavoglia family borrows $34M against six Manhattan properties (July 19, 2024)
• ZG Capital pays $39.2M for office building in Greenwich Village (January 03, 2022)