Michael Alvandi

City Urban Realty

Owner

Michael Alvandi

City Urban Realty|Michael Alvandi NYC portfolio

$122.8 million* – elevator 40%, mixed-use 25%; Manhattan 51%, Brooklyn 48%

1031th largest portfolio by dollar value

158,475 sqft – elevator 61%, walkup 30%;

1430th largest by SF

10 properties – Manhattan 50%, Brooklyn 50%

839th largest

175 residential units – Manhattan 77%, Brooklyn 22%

972th largest by residential units

9 foreclosures, 2 bankruptcies, 1 other court case.

Person Activity past 24 months:

Buyer signatory: 4 for $57.6 million

Seller signatory: 3 for $15.6 million

Borrower signatory: 4 for $51.5 million

Top Ten Associated Companies:

Calmwater Capital (2), Northeast Bank (2), City Urban Realty (2), Empire Management (1), Gatsby Enterprises (1), Israel Discount Bank (1), Signature Bank (1), Ariel Zablozki (1), Yitzchok Schwartz (1), Zdzislaw Czerny (1)

Top Ten Associated People:

Michael Alvandi (2), Fred Ohebshalom (1), Lisa Ohebshalom (1), Amy Shalom (1), Ryan Shay (1), Daniel Miller (1), Ariel Zablozki (1), Yitzchok Schwartz (1), Dean Chang (1), Brian Doherty (1)

Recent activity as company:

• City Urban Realty borrowed $31.7 million from Israel Discount Bank for 244 West 72nd Street, Lincoln Square, Manhattan on March 06, 2025.

• Empire Management and Gatsby Enterprises sold 244 West 72nd Street, Lincoln Square, Manhattan for $40 million to City Urban Realty on March 06, 2025.

• City Urban Realty borrowed $5.9 million from Northeast Bank for 421 East 12th Street and 511 East 6th Street, East Village, Manhattan on December 27, 2024.

• Zdzislaw Czerny sold 511 East 6th Street, Alphabet City, Manhattan for $3.4 million to City Urban Realty on December 27, 2024.

• Zdzislaw Czerny sold 421 East 12th Street, East Village, Manhattan for $6 million to City Urban Realty on December 27, 2024.

• City Urban Realty sold 385 Vernon Avenue, Bedford Stuyvesant, Brooklyn for $6.2 million to Yitzchok Schwartz on July 29, 2024.

• City Urban Realty borrowed $7.5 million from Northeast Bank for 107 North 6th Street, Williamsburg, Brooklyn on February 02, 2024.

• City Urban Realty borrowed $6.4 million from Bankwell Bank for 143 Berry Street, Williamsburg, Brooklyn on November 14, 2023.

• Dai Park sold 143 Berry Street, Williamsburg, Brooklyn for $8.2 million to City Urban Realty on November 14, 2023.

• Juan Lopez borrowed $0 from company for 701 Fulton Street, 451 Classon Avenue, 173 Lexington Avenue, and 703 Fulton Street, Fort Greene, Brooklyn on June 30, 2023.