Nestor J. Varela
Owner
Nestor J. Varela portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$1.9 million – elevator 100%; Queens 100%, Manhattan 0%
5494th largest portfolio by dollar value
28,856 sqft – elevator 100%;
3629th largest by SF
20 residential units – Queens 100%, Manhattan 0%
778th largest by residential units
Top Ten Associated Companies:
Ponce Bank (1)
Recent activity as signatory:
• Nestor J. Varela borrowed $6 million from Ponce Bank for 39-08 29th Street, Long Island City, Queens on April 25, 2022.
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Properties:
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