Saba Vahdat
Elmo Realty
(Elmo Realty Co.)
350 5th Ave Suite 5320 New York, NY 10118
350 5th Ave Suite 5114 New York, NY 10118
Elmo Realty NYC portfolio
$136.3 million -development 52%, walkup 19%, M1 18%; Manhattan 75%, Brooklyn 18%, Bronx 6%*
1251th largest portfolio by dollar value
133,921 sqft – walkup 42%, M1 30%, elevator 26%; Manhattan 50%, Brooklyn 30%, Bronx 18%
2021th largest by SF
8 properties – Manhattan 75%, Bronx 12%, Brooklyn 12%
1330th largest
187 residential units – Manhattan 80%, Bronx 19%
1233th largest by residential units
1 foreclosure, 0 bankruptcies, 1 other court case.
Person Activity past 24 months:
Seller signatory: 1 for $4.2 million
Borrower signatory: 3 for $46.5 million
Developer (new building or major alteration): 9 for 6,700 square feet
Top Ten Associated Companies:
Metropolitan Commercial Bank (3), Maverick Real Estate Partners (1), Ebenezer A.M.E. Church (1), Webster Bank (1)
Top Ten Associated People:
Thomas Hooker (1), Jay Shah (1), Ross Dahmen (1), Michelle B. Chang (1), Jose Arredondo (1)
Recent activity as signatory:
• Elmo Realty borrowed $19 million from Metropolitan Commercial Bank for 1650 Dean Street on April 24, 2025.
• Maverick Real Estate Partners on March 28, 2025 bought a loan with an original principal of $14.4 million from Webster Bank, secured by 1650 Dean Street, when owned by Elmo Realty.
• ELMO Realty sold 170 East 123rd Street, East Harlem, Manhattan for $4.2 million to Ebenezer A.M.E. Church on December 20, 2024.
• Elmo Realty borrowed $27.5 million from Metropolitan Commercial Bank for 1771 Amsterdam Avenue on July 17, 2024.
• Saba Vahdat filed plans for new building for 38,000 sqft in Harlem, Manhattan, on April 27, 2023.
• Elmo Realty borrowed $26 million from Metropolitan Commercial Bank for 2541 8 Avenue on March 13, 2023.
• Elmo Realty borrowed $14.4 million from Webster Bank for 1650 Dean Street on July 27, 2022.
Latest Stories:
• Elmo Realty signs $19M refi for Crown Heights building threatened by foreclosure (April 29, 2025)
• Kelvin Phillips pays $2.7M for 13-unit walkup in Harlem (November 15, 2024)
• Saba Vadhat files plans for 22-unit mixed-use building in Central Harlem (October 14, 2020)