Saba Vahdat
Elmo Realty
Elmo Realty portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$6.9 million – development 53%, M1 29%; Manhattan 70%, Brooklyn 29%
3223th largest portfolio by dollar value
50,506 sqft – M1 82%, walkup 17%;
2812th largest by SF
4 properties – Manhattan 75%, Brooklyn 25%
155th largest
11 residential units – Manhattan 100%, Bronx 0%
785th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 1 for $4.2 million
Borrower signatory: 2 for $53.5 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 1 for 38,000 square feet
Top Ten Associated Companies:
Metropolitan Commercial Bank (2), Webster Bank (1), Ebenezer A.M.E. Church (1)
Top Ten Associated People:
Jose Arredondo (1), Michelle B. Chang (1)
Recent activity as signatory:
• ELMO Realty sold 170 East 123rd Street, East Harlem, Manhattan for $4.2 million to Ebenezer A.M.E. Church on December 31, 2024.
• Elmo Realty borrowed $27.5 million from Metropolitan Commercial Bank for 1763 Amsterdam Avenue, Harlem, Manhattan on August 02, 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 2535 Fredrick Douglass Bl, Harlem, Manhattan on April 07, 2023.
• Elmo Realty borrowed $14.4 million from Webster Bank for 1634 Dean Street, Crown Heights, Brooklyn on October 24, 2022.
Latest Stories:
• Saba Vadhat files plans for 22-unit mixed-use building in Central Harlem (October 14, 2020)