Garrett Sokoloff

Citizens Bank

(Investors Bank)

1270 6th Ave 16TH FLOOR New York, NY 10020

101 John F Kennedy Pkwy Short Hills, NJ 07078

Citizens Bank NYC portfolio

$26 million* – mixed-use 32%, retail 31%, office 25%; Brooklyn 52%, Queens 27%, Bronx 20%

2685th largest portfolio by dollar value

53,982 sqft – mixed-use 41%, office 31%, retail 27%;

2792th largest by SF

8 properties – Brooklyn 37%, Queens 37%, Bronx 25%

1128th largest

25 foreclosures, 0 bankruptcies, 1 other court case.

Person Activity past 24 months:

Lender signatory: 9 for $85.4 million

Top Ten Associated Companies:

Sabet Group (3), Abraham Sanieoff (2), Son Nguyen (1), Cedar Park Capital (1), Sky Management (1), ADG Development (1)

Top Ten Associated People:

Alfred Sabetfard (3), Abraham Sanieoff (2), Son Nguyen (1), Marlon Lerer (1), Sheila Hyman (1), Gian Matteo Lo Faro (1)

Recent activity as signatory:

Cedar Park Capital borrowed $17.7 million from Citizens Bank for 677 Meeker Avenue, 657 Meeker Avenue, 669 Meeker Avenue, 164 Kingsland Avenue, 667 Meeker Avenue, and others, Greenpoint, Brooklyn on April 15, 2025.

Son Nguyen borrowed $4.2 million from Citizens Bank for 317 East 5th Street, East Village, Manhattan on April 10, 2025.

Sabet Group borrowed $8.4 million from Citizens Bank for 224 Avenue B, Alphabet City, Manhattan on March 24, 2025.

Sabet Group borrowed $9.2 million from Citizens Bank for 140 East 17th Street, Gramercy, Manhattan on December 12, 2024.

Sabet Group borrowed $9.2 million from Citizens Bank for 140 East 17th Street, Gramercy, Manhattan on December 12, 2024.

Abraham Sanieoff borrowed $9.3 million from Citizens Bank for 240 West 15th Street, Chelsea, Manhattan on September 19, 2024.

Abraham Sanieoff borrowed $13.5 million from Citizens Bank for 300 West 12th Street, West Village, Manhattan on September 19, 2024.

Sky Management borrowed $7.7 million from Citizens Bank for 305 Broome Street, Lower East Side, Manhattan on September 24, 2024.

ADG Development borrowed $6 million from Citizens Bank for 53 East 75th Street, Lenox Hill, Manhattan on June 06, 2024.

Latest Stories:

• Son Nguyen pays $8.1M to Penn South Capital for 9-unit walkup in East Village (April 25, 2025)

• Sabet Group pays $13M to Hirsch Enterprises for walkup in Alphabet City (March 26, 2025)

• Sabet Group pays $16.3M to Abro for 44-unit rental in Gramercy (December 16, 2024)

• Abraham Sanieoff signs $26.5M acquisition loan for $50.5M purchase in Village, Chelsea (October 10, 2024)

• Abraham Sanieoff pays $50.5M to Page Management for rentals in Village, Chelsea (October 03, 2024)

• Sky Management pays $11.8M to SMA Equities for 22-unit walkup in Lower East Side (October 01, 2024)

• Widow of Black Spruce Management co-founder battles company’s top executive (January 01, 2024)

• SMA Equities signs $17.4M refi with Societe Generale for two LES walkups (November 21, 2023)

• Parag Sawhney borrows $6M from New York Community Bank for property in East Village (September 26, 2019)

*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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