Michael Alvandi
City Urban Realty
Owner
99 Madison Avenue Suite 606 New York NY 10016
City Urban Realty|Michael Alvandi NYC portfolio
$163.2 million -elevator 29%, office 17%, walkup 15%; Manhattan 76%, Brooklyn 23%*
1085th largest portfolio by dollar value
183,174 sqft – elevator 53%, walkup 25%, office 11%; Manhattan 79%, Brooklyn 20%
1638th largest by SF
18 properties – Manhattan 77%, Brooklyn 22%
548th largest
173 residential units – Manhattan 78%, Brooklyn 21%
1221th 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: 8 for $104.8 million
Developer (new building or major alteration): 18 for 5,261 square feet
Top Ten Associated Companies:
Northeast Bank (5), City Urban Realty (3), Acadia Realty Trust (3), Calmwater Capital (2), Zdzislaw Czerny (1), Antonio Sosa (1), Adrian David Marantz (1), Bankwell Bank (1), Dai Park (1), Israel Discount Bank (1)
Top Ten Associated People:
Michael Alvandi (3), John Gottfried (3), Brian R. Doherty (2), Dean Chang (1), Brian Doherty (1), Antonio Sosa (1), Dagan LaCorte (1), Jason S. Park (1), Ryan Shay (1), Daniel Miller (1)
Recent activity as signatory:
• Michael Alvandi filed plans for new building for 5,261 sqft in SoHo, Manhattan, on March 25, 2026.
• Moore Stephens Limited registered sold None for $14 million to City Urban Realty on February 27, 2026.
• City Urban Realty borrowed $16.8 million from Cerco Funding for None 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.
• City Urban Realty and Stellar Management borrowed $21 million from Stellar Management for 243 Canal Street on July 31, 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)
• City Urban Realty pays $40M to Ohebshaloms for 88-unit rental in Lincoln Square (March 07, 2025)
Court Records: