Lalezarian Properties | The Real Deal New York

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Lalezarian Properties

Garden City, NY
Lalezarian Properties
Lalezarian Properties is a small, family-owned property management and development company that leases both residential and commercial buildings, primarily in Manhattan. Founded in 1981 and based on Long Island, Lalezarian is viewed as a smaller player but one that often manages to get into the same coveted neighborhoods as its bigger rivals, such as Cobble Hill and areas in the Financial District. It has more than 3,000 apartments to its name. Lalezarian has been particularly active on Manhattan’s West side, buying up several luxury apartments alongside the newly refurbished High Line in Chelsea. In 2015 the company bought into Hudson Square and began developing several mixed-use buildings with an eye to a large profit windfall post-2016. However, Lalezarian has worked with the city to build affordable housing nearby as well, tapping 75 apartments for the city’s Inclusionary Housing program. Lalezarian has some of the same legal troubles as its larger corporate brethren. In 2011 it was the target of a lawsuit by construction union workers who alleged it had cheated them out of millions of dollars in wages and benefits. That same year, Great Neck, N.Y., residents fought against Lalezarian’s proposals to build multi-family units in their largely single-family neighborhood, claiming several of the company’s buildings had safety and environmental violations.
Kevin Lalezarian thumb
11/05/15
Lake Success, N.Y.-based Lalezarian Properties filed a permit application to build a 61-unit rental building at 100-102 Chartlton Street in Hudson Square. The new 59,000-square-foot building between...
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10/27/15
Condo developer Six Sigma is in contract to buy a six-story self-storage facility near the northern end of the High Line in Chelsea for $54...
Kevin Lalezarian Bob Knakal
08/07/15
Residential developer Kevin Lalezarian paid an eye-popping $1,200 per-square-foot for a Hudson Yards development site on the High Line where — for at least the time...
Kevin LalezarianFB
06/11/15
Lalezarian Properties is looking to build a 38-story apartment tower in Hudson Yards near upcoming projects by Eliot Spitzer and Mike Fascitelli’s Imperial Properties. Tags:...
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10/21/14
Lalezarian Properties is looking to reap a windfall on a pair of four-story Hudson Square rental buildings. Tags: david noonan, jennifer schwartzman, lalezarian properties, Newmark...
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09/24/14
With Related’s Abington House on one side and the AVA High Line on the other, a trio of new buildings will bring another 374 rentals...
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01/23/14
Lalezarian Properties has sold its Financial District rental building at 15 Cliff Street to a California investment group for $95 million, according to public records...
511-515 West 36th Street
05/02/13
Lalezarian Properties has paid $21.25 million for a commercial loft building in the Hudson Yards Special District, with plans to erect a residential rental development...
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12/29/10
From left: Andrew Cuomo, Cory Zelnick, Jeff Winick and the Dexter HouseThe Real Deal has already revealed its picks for the Best of New York...
07/01/10
The Townsend The newly completed Townsend at 350 West 37th Street adds 206 more luxury rentals to the couple thousand that have come to market recently in Hudson...
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03/02/10
From left: 80 Dekalb Avenue, BKLYN Gold, Beekman Tower and Cliff Finn of Citi HabitatsCiti Habitats’ managing director of new development marketing, Clifford Finn, gave...
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01/14/10
From left: The Brooklyner, BKLYN Gold In Downtown Brooklyn, where a surge of new rental buildings have recently come online, there’s been no shortage of...
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07/03/08
A former New York University dorm-turned-rental building at 15 Cliff ...
Lalezarian Properties, Principal
1999 Marcus Avenue, Suite 310, Lake Success, NY, 516-488-3000
Kevin Lalezarian is principal at Lalezarian Properties, a small, family-owned real estate development...
Lalezarian Properties, Owner
1999 Marcus Avenue, Suite 310, Lake Success, NY, 516-488-3000
Frank Lalezarian is the owner of Lalezarian Properties, a small, family-owned property management...
  • Event Financing
  • Address 15 Cliff Street
  • Neighborhood Financial District
  • Borough Manhattan
notes
A $61 million financing was arranged for the acquisition of the luxury rental building. The property is owned by Rockrose Development Corporation It has 1,800 square feet of commercial space and a 4,734-square-foot garage. The company does not have any immediate plans for the 31-story apartment building, 156 units total.
Manhattan, 10014
Lalezarian Properties
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