Michael Niamonitakis
(Michael B. Niamonitakis)
Meridian Properties
Owner
Meridian Properties NYC portfolio
$630 million -elevator 58%, walkup 40%; Brooklyn 99%*
363th largest portfolio by dollar value
3,811,719 sqft – elevator 61%, walkup 37%; Brooklyn 100%
110th largest by SF
115 properties – Brooklyn 100%
52th largest
3,994 residential units – Brooklyn 100%
71th largest by residential units
1 foreclosure, 0 bankruptcies, 0 other court cases.
Person Activity past 24 months:
Buyer signatory: 4 for $14.1 million
Borrower signatory: 4 for $40.3 million
Top Ten Associated Companies:
Signature Bank (9), Investors Bank (5), Berkadia Commercial Mortgage (5), Esquire Bank (2), Barberry Rose Management Company (2), Dime Community Bank (2), Richard A. Kaplin (2), Jacob Landau (2), Osman Semen (1), Peter Lambrakis (1)
Top Ten Associated People:
Michael Riegler (4), Linda Kershaw (3), Richard A. Kaplin (3), Steven Dorritie (2), Lewis M. Barbanel (2), Jacob Landau (2), Osman Semen (1), Peter Lambrakis (1), Christine Raymond Martin (1), Nicholas Arsenis (1)
Recent activity as signatory:
• Peter Lambrakis sold 929 71 Street for $1.2 million to Meridian Properties on December 30, 2025.
• Meridian Properties borrowed $17 million from Berkadia Commercial Mortgage for 222 East 17 Street on April 30, 2025.
• Meridian Properties borrowed $2.8 million from Alma Bank for 255 Ocean Avenue on April 01, 2025.
• Jonathan Poole and Debra Cooper sold 255 Ocean Avenue for $4.2 million to Meridian Properties and Carol Tourloukis on April 01, 2025.
• Flagstar Bank sold 8010 5 Avenue for $2.6 million to Meridian Properties on December 19, 2024.
• Blackstone Group on December 02, 2024 bought a loan with an original principal of $1.8 million from Blackstone Group, signed by Tony LaBarbera, secured by 6823 3 Avenue, when owned by Meridian Properties.
• Osman Semen sold 7924 19 Avenue for $6 million to Meridian Properties on August 23, 2024.
• Meridian Properties borrowed $20.5 million from Berkadia Commercial Mortgage for 152 Parkside Avenue on July 01, 2024.
• Meridian Properties borrowed $7.4 million from Berkadia Commercial Mortgage for 395 St Johns Place on December 22, 2023.
• Meridian Properties borrowed $6.2 million from Berkadia Commercial Mortgage for 392 St Johns Place on December 22, 2023.
Latest Stories:
• Meridian Properties signs $17M refi with Berkadia for two rentals in Flatbush (May 08, 2025)
• Meridian Properties signs $20.5M refi with Berkadia for 7 properties in Flatbush (May 02, 2025)
• Meridian Properties pays $2.6M to Flagstar Bank for commercial in Bay Ridge (January 22, 2025)
• Meridian Properties pays $6M for residential elevator in Bensonhurst (September 23, 2024)
• Meridian Properties pays $4.3M for 36-unit rental in Prospect Lefferts Gardens (May 30, 2023)
Court Records: