Farzad Shahery
(Frank Shahery)
Monarch Realty Holdings
Owner
111 Great Neck Road, Suite 514 Great Neck, NY 11021
9401 Wilshire Boulevard, Suite 575 Beverly Hills, CA 90212
45 North Station Plaza, Suite 400 Great Neck, New York 11021
Monarch Realty Holdings NYC portfolio
$116.9 million -elevator 39%, walkup 37%, office 15%; Manhattan 77%, Brooklyn 16%, Queens 5%*
1368th largest portfolio by dollar value
268,734 sqft – walkup 42%, elevator 40%, office 13%; Manhattan 82%, Brooklyn 10%, Queens 6%
1283th largest by SF
14 properties – Manhattan 71%, Brooklyn 21%, Queens 7%
753th largest
264 residential units – Manhattan 100%
933th largest by residential units
Person Activity past 24 months:
Buyer signatory: 1 for $5 million
Seller signatory: 5 for $10.9 million
Top Ten Associated Companies:
Arbor Realty Trust (5), First Republic Bank (1), Hesky Haim (1), Continental Equities Group (1), Paul Tocci (1), New York Community Bank (1), First National Bank of Long Island (1), JAM Real Estate Partners (1), Webster Bank (1)
Top Ten Associated People:
Thomas L. Montemage (5), Isaac Saidmehr (1), Paul Tocci (1), Jane F. Reed (1), Jared Pinchasick (1), Olga Bogrova (1)
Recent activity as signatory:
• Paul Tocci sold 29 Smith Street for $5 million to Monarch Realty Holdings on September 25, 2025.
• Monarch Realty Holdings sold 1052 Sheridan Avenue for $1.7 million to Arbor Realty Trust on December 17, 2024.
• Monarch Realty Holdings sold 1064 Sheridan Avenue for $2.1 million to Arbor Realty Trust on December 17, 2024.
• Monarch Realty Holdings sold 1060 Sheridan Avenue for $3.5 million to Arbor Realty Trust on December 17, 2024.
• Monarch Realty Holdings sold 1056 Sheridan Avenue for $1.9 million to Arbor Realty Trust on December 17, 2024.
• Monarch Realty Holdings sold 1048 Sheridan Avenue for $1.7 million to Arbor Realty Trust on December 17, 2024.
• Farzad Shahery borrowed $6.8 million from First Republic Bank for 2 St Nicholas Terrace on April 05, 2023.
• Hesky Haim and Continental Equities Group sold 340 Livingston Street for $11.3 million to Monarch Realty Holdings on March 30, 2023.
• Monarch Realty Holdings borrowed $5.7 million from First National Bank of Long Island for 340 Livingston Street on March 30, 2023.
• JAM Real Estate Partners sold 427 East 80 Street for $8.9 million to Monarch Realty Holdings on November 09, 2022.
Latest Stories:
• Eduart Shllaku pays $4.26M to Arbor for 4 walkups in Concourse Village (January 15, 2026)
• Monarch Realty Holdings pays $5M for retail in Downtown Brooklyn (October 01, 2025)
• Farzad Shahery signs $6.8M loan with First Republic for 2 walkups in Harlem (April 13, 2023)
• Monarch Realty pays $11.3M for office in Boerum Hill (April 05, 2023)
• Monarch Realty pays $8.9M to JAM Real Estate for 20-unit walkup in Yorkville (November 17, 2022)