Seth Schochet
(Schochet Seth)
Ceo
Olnick Organization
Owner
Partnership
135 East 57th St, 22nd Floor New York, NY 10022
Olnick Organization|Seth Schochet NYC portfolio
$865.3 million -elevator 72%, office 27%; Manhattan 81%, Bronx 18%*
314th largest portfolio by dollar value
3,107,851 sqft – elevator 90%, office 9%; Manhattan 72%, Bronx 27%
157th largest by SF
11 properties – Manhattan 90%, Bronx 9%
972th largest
2,479 residential units – Manhattan 77%, Bronx 22%
149th largest by residential units
Person Activity past 24 months:
Seller signatory: 1 for $9.1 million
Borrower signatory: 1 for $0
Developer (new building or major alteration): 57 for 334,025 square feet
Top Ten Associated Companies:
New York Community Bank (1), Lone Star Funds (1), Kave Pourzanjani (1), Brisa Builders (1), Unique People Services (1)
Top Ten Associated People:
James C. Ricca (1), Yvette Brissett-Andre (1), Ericka Keller (1)
Recent activity as signatory:
• Olnick Organization sold N/A Undercliff Avenue, Highbridge, Bronx for $9.1 million to Brisa Builders and Unique People Services on July 29, 2026.
• Lone Star Funds on February 26, 2025 bought a loan with an original principal of $77 million from Flagstar Bank, signed by Mitchel A. Baffa, secured by 132 5 Avenue, when owned by Olnick Organization.
• The seller sold 169 Bayard Street for $3.5 million to Kave Pourzanjani on August 30, 2022.
• Olnick Organization borrowed $77 million from New York Community Bank for 132 5 Avenue on July 27, 2022.
Latest Stories:
• Lone Star buys $220M in debt secured by Olnick, RXR, Handler, Shamie properties (March 28, 2025)
• Olnick Organization signs $77M refi for office building in Flatiron District (August 02, 2022)
• Gould Investors borrows $25M from AIG for retail portion of property in Flatiron (June 11, 2020)
