Michael Alvandi
Principal
City Urban Realty
Owner
99 Madison Avenue Suite 606 New York NY 10016
City Urban Realty|Michael Alvandi NYC portfolio
$167 million -elevator 28%, condo 19%, walkup 15%; Manhattan 76%, Brooklyn 23%*
1096th largest portfolio by dollar value
183,174 sqft – elevator 53%, walkup 25%, office 11%; Manhattan 79%, Brooklyn 20%
1687th largest by SF
18 properties – Manhattan 77%, Brooklyn 22%
583th largest
173 residential units – Manhattan 78%, Brooklyn 21%
1280th largest by residential units
10 foreclosures, 2 bankruptcies, 1 other court case.
Other Links:
Person Activity past 24 months:
Buyer signatory: 7 for $106.5 million
Seller signatory: 7 for $121.3 million
Borrower signatory: 10 for $122.8 million
Developer (new building or major alteration): 20 for 5,261 square feet
Top Ten Associated Companies:
Northeast Bank (6), City Urban Realty (3), Acadia Realty Trust (3), Calmwater Capital (2), Bankwell Bank (1), Dai Park (1), Israel Discount Bank (1), Empire Management (1), Gatsby Enterprises (1), Community Preservation Corporation (1)
Top Ten Associated People:
Michael Alvandi (3), John Gottfried (3), Brian R. Doherty (3), Jason S. Park (1), Ryan Shay (1), Daniel Miller (1), Fred Ohebshalom (1), Lisa Ohebshalom (1), Amy Shalom (1), Robert Riggs (1)
Recent activity as signatory:
• City Urban Realty and Stellar Management borrowed $9 million from Northeast Bank for 243 Canal Street on July 08, 2026.
• City Urban Realty and Stellar Management borrowed $9 million from Community Preservation Corporation and Related Companies for 328 Bedford Avenue on May 20, 2026.
• Michael Alvandi filed plans for new building for 5,261 sqft in SoHo, Manhattan, on March 25, 2026.
• City Urban Realty borrowed $16.8 million from Cerco Funding for None on February 27, 2026.
• Moore Stephens Limited registered sold None for $14 million to City Urban Realty on February 27, 2026.
• EPIC LLC sold 388 West Broadway, SoHo, Manhattan for $5.9 million to City Urban Realty on September 30, 2025.
• City Urban Realty borrowed $5.7 million from Peapack Private Bank & Trust for 388 West Broadway, SoHo, Manhattan on September 30, 2025.
• City Urban Realty borrowed $3.9 million from Northeast Bank for 186 Spring Street on September 19, 2025.
• City Urban Realty borrowed $3.9 million from Northeast Bank for 186 Spring Street on September 19, 2025.
• Madison Realty Capital, SK Development and CB Developers sold 186 Spring Street for $5.6 million to City Urban Realty on September 19, 2025.
• City Urban Realty sold 268 Water Street for $20.3 million to HUBB NYC on August 07, 2025.
• City Urban Realty and Stellar Management borrowed $21 million from Stellar Management for 243 Canal Street on July 31, 2025.
• City Urban Realty borrowed $16 million from Northeast Bank for 61 North 6 Street on April 16, 2025.
• Rehan Perveez sold 61 North 6 Street for $31.6 million to City Urban Realty on April 16, 2025.
• City Urban Realty, Namdar Realty Group and Mason Asset Management sold 95 North 6 Street for $21 million to Acadia Realty Trust on April 09, 2025.
• City Urban Realty, Namdar Realty Group and Mason Asset Management sold 107 North 6 Street for $11.5 million to Acadia Realty Trust on April 09, 2025.
• City Urban Realty, Namdar Realty Group and Mason Asset Management sold 97 North 6 Street for $27.5 million to Acadia Realty Trust on April 09, 2025.
• Empire Management and Gatsby Enterprises sold 248 West 72 Street for $40 million to City Urban Realty on February 20, 2025.
• City Urban Realty borrowed $31.7 million from Israel Discount Bank for 248 West 72 Street on February 20, 2025.
• Zdzislaw Czerny sold 511 East 6 Street for $3.4 million to City Urban Realty on December 18, 2024.
Latest Stories:
• City Urban Realty pays $14M for dev site in SoHo (March 17, 2026)
• City Urban Realty pays $5.9M to EPIC LLC for retail in SoHo (October 29, 2025)
• City Urban Realty pays $5.6M to Madison, CBSK for retail condo in SoHo (October 07, 2025)
• HUBB NYC pays $20.3M to City Urban Realty for 26-unit rental in Vinegar Hill (September 03, 2025)
• Blackstone files $21M pre-foreclosure at Little Italy boutique office (May 14, 2025)
• Acadia Realty Trust pays $21M to City Urban Realty for retail in Williamsburg (April 21, 2025)
Court Records: