Michael Alvandi
City Urban Realty
Owner
99 Madison Avenue Suite 606 New York NY 10016
City Urban Realty|Michael Alvandi NYC portfolio
$183 million -elevator 26%, condo 17%, office 15%; Manhattan 79%, Brooklyn 20%*
1044th largest portfolio by dollar value
183,174 sqft – elevator 53%, walkup 25%, office 11%; Manhattan 79%, Brooklyn 20%
1694th largest by SF
18 properties – Manhattan 77%, Brooklyn 22%
586th largest
173 residential units – Manhattan 78%, Brooklyn 21%
1291th largest by residential units
14 foreclosures, 2 bankruptcies, 1 other court case.
Person Activity past 24 months:
Buyer signatory: 7 for $106.5 million
Seller signatory: 8 for $127.5 million
Borrower signatory: 9 for $113.8 million
Developer (new building or major alteration): 20 for 5,261 square feet
Top Ten Associated Companies:
Northeast Bank (5), 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 (2), 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 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.
• City Urban Realty borrowed $5.7 million from Peapack Private Bank & Trust for 388 West Broadway, SoHo, Manhattan on September 30, 2025.
• EPIC LLC sold 388 West Broadway, SoHo, Manhattan for $5.9 million to City Urban Realty 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.
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: