Manouchehr Malekan
(Manny Malekan)
Malachite Group
(Malachite Group_447AA1)
Owner
48 Old Country Rd Suite 203 Mineola, NY 11501
Malachite Group|Manouchehr Malekan NYC portfolio
$219.8 million -retail 45%, mixed-use 21%, condo 19%; Queens 65%, Manhattan 34%*
919th largest portfolio by dollar value
491,060 sqft – retail 38%, mixed-use 20%, elevator 14%; Queens 70%, Manhattan 29%
856th largest by SF
44 properties – Queens 77%, Manhattan 22%
218th largest
150 residential units – Queens 73%, Manhattan 26%
1420th largest by residential units
1 foreclosure, 0 bankruptcies, 5 other court cases.
Person Activity past 24 months:
Buyer signatory: 10 for $93.5 million
Seller signatory: 1 for $2.5 million
Borrower signatory: 12 for $81.4 million
Top Ten Associated Companies:
Flushing Bank (6), Imperial Sterling (5), Simmons Bank (3), CBD Kratom (2), Charles Ingber (2), Signature Bank (1), Matthew Wert (1), Hidrock Properties (1), Malachite Group (1), Flagstar Bank (1)
Top Ten Associated People:
Corinne M. Mullen (6), Jerrold G. Levy (5), Charles Ingber (2), Matthew Wert (1), Thomas J. Danik (1), David Palatnik (1), Abraham J. Hidary (1), Jay Yacow (1), John Feijoo (1), Lilian Ting (1)
Recent activity as signatory:
• Malachite Group borrowed $12.1 million from Simmons Bank for 314 Grand Street, Lower East Side, Manhattan on April 28, 2026.
• Malachite Group borrowed $6.6 million from Flushing Bank for 95-24 63 Drive on December 18, 2025.
• Malachite Group borrowed $14.4 million from Flushing Bank for 95-07 63 Drive on December 18, 2025.
• Imperial Sterling sold 95-24 63 Drive for $13.1 million to Malachite Group on December 17, 2025.
• Imperial Sterling sold 95-38 Queens Boulevard for $5 million to Malachite Group on December 17, 2025.
• Imperial Sterling sold 94-26 63 Drive for $7.4 million to Malachite Group on December 17, 2025.
• Imperial Sterling sold 95-07 63 Drive for $16.1 million to Malachite Group on December 17, 2025.
• Imperial Sterling sold 96-70 Queens Boulevard for $24.4 million to Malachite Group on December 17, 2025.
• Malachite Group borrowed $3.3 million from Flushing Bank for None on December 15, 2025.
• Chris Papadopoulos sold 35-24 94 Street for $2.1 million to Malachite Group on December 15, 2025.
Latest Stories:
• Malachite Group pays $2.7M for retail in Astoria (July 15, 2025)
• Malachite Group pays $2.1M to cannabis retail owner for mixed-use in Astoria (June 16, 2025)
• Malachite Group pays $18.4M to Hidrock for one time dev site in FiDi (April 01, 2025)
• Doctor pays $2.5M to Manouchehr Malekan for retail condo in Tribeca (December 13, 2024)
• Manouchehr Malekan pays $4.3M for two properties in Elmhurst (June 20, 2023)
• Manouchehr Malekan pays $5.5M for three properties in Queens (April 10, 2023)
• Cannabis retailer CBD Kratom pays $2.2M for retail location in Astoria (December 22, 2022)
• Manouchehr Malekan pays $3.9M for retail in Chinatown (June 10, 2022)
Court Records: