Cyrus Sakhai
Principal
Sovereign Partners
Owner
747 Third Ave, 37th Floor, New York, NY 10017
Sovereign Partners NYC portfolio
$1.1 billion -condo 50%, office 49%; Manhattan 99%*
205th largest portfolio by dollar value
1,926,974 sqft – office 66%, condo 33%; Manhattan 100%
255th largest by SF
5 properties – Manhattan 100%
1816th largest
Person Activity past 24 months:
Buyer signatory: 1 for $177 million
Borrower signatory: 1 for $20 million
Top Ten Associated Companies:
Clarion Partners (1), Jasper Lake LLC (1), MetLife (1), Nuveen Real Estate (1), Deutsche Pfandbriefbank (1)
Top Ten Associated People:
Jonathan Gelb (1), Brett Ulrich (1), Brian Wallick (1), Ralf Dresch (1), Christian Sand (1)
Recent activity as signatory:
• Sovereign Partners borrowed $20 million from MetLife for 796 3 Avenue on June 25, 2024.
• Nuveen Real Estate sold 796 3 Avenue for $177 million to Sovereign Partners on June 25, 2024.
• Clarion Partners sold 100 5th Avenue, Flatiron District, Manhattan for $126.5 million to Sovereign Partners on October 23, 2023.
• Sovereign Partners borrowed $81.5 million from Jasper Lake LLC for 100 5th Avenue, Flatiron District, Manhattan on October 23, 2023.
• Sovereign Partners borrowed $71.2 million from Deutsche Pfandbriefbank for 126 East 56 Street on April 04, 2023.
Latest Stories:
• Sovereign Partners signs $150M refi with Rialto for office in Flatiron District (January 23, 2026)
• Sovereign Partners pays $113M to Pearlmark for Tower56 in Midtown East (May 03, 2023)
• Nuveen files plans for a $3M renovation of an office building in Plaza District (March 20, 2020)
