Hakimian Organization | The Real Deal New York

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Hakimian Organization

8 West 40th Street, 6th Floor
New York, NY 10018
(212) 683-9292
Website
info@hakimian.com

Hakimian Organization is a real estate development and management company established in 1970 by brothers Joe and Ben Hakimian, who had worked in the precious gems market before launching into real estate. With more than 30 ground-up construction projects in its resume, Hakimian has built residential towers, hotels, and corporate headquarters, including 186 West 4th Street, 19 East 79th Street, 23 Park Avenue, and the Sharre Tova Synagogue in Kew Gardens. In 2011 the firm expanded into investment sales, opening its own sales company. One of the firm’s largest developments in recent years is a 246-room hotel in Times Square on a lot the firm purchased in 2003. Hakimian purchased the lot, which has the landmarked Helen Hayes Theatre, and air space and plans to add 16 floors to the building. In 2014 Hakimian renovated the upscale bistro Dina Rata at the Andaz Wall Steet Hotel before turning to several residential projects in Long Island City. In 2016 the firm continued its push into Long Island City with a 99-year ground lease of a two-story warehouse in the neighborhood.


12/13/18
...received approval from the City Council, and the Hakimian Organization purchased a development site in the neighborhood earlier this year for $33 million with plans...

11/07/18
...of 72-01 to 72-17 Queens Boulevard to the Hakimian Organization...

10/26/18
...NYC Hotel in Long Island City and the Hakimian Organization’s purchase of a Woodside development site. No specific property type dominated last quarter...

10/04/18
...teamed up earlier this year to provide the Hakimian Organization with a $240 million mortgage for 636 11th Avenue in Hell’s Kitchen. Gorjian is partners...


07/25/18
...Francisco. 6) Hakimian in Hell’s Kitchen — $240 million The Hakimian Organization refinanced its Hell’s Kitchen office building at 636 11th Avenue with a $240 million mortgage...

06/18/18
...the building. 5) Hakimian in Hell's Kitchen - $240 million Hakimian Organization refinanced its Hell's Kitchen office tower at 636 11th Avenue with a $240 million loan from...

05/17/18
...th Avenue (Credit: The Hakimian Organization) The Hakimian Organization refinanced its Hell’s Kitchen office building at 636 11th Avenue with a $240 million mortgage...

03/31/16
...who recently sold his air rights to the Hakimian Organization and Extell Development. The city currently assesses an additional cost of $17.60 for each square...

02/01/16
...in Long Island City (inset: Ben Hakimian) The Hakimian Organization, a Midtown-based landlord and developer, is expanding its reach in Long Island City with...

01/04/16
...is moving from a 12,000-square-foot space at the Hakimian Organization’s 33 West 18th Street. Two Trees brought the 340,000-square-foot 50 West 23rd Street back in...

08/12/15
...Street and a rendering of the hotel The Hakimian Organization is getting ready to add the last puzzle piece it needs to build a...

12/09/14
...S & C Realty of Kings Corp. 7.  The Hakimian Organization acquired a multi-family building at 33-01 38th Avenue in Astoria for $14.4 million. The property...

...to have one of its properties “tagged.” The Hakimian Organization, the Midtown-based landlord and developer, last month unveiled a large rooftop graffiti mural designed...

...condo-hotel 75 Wall Street, he said, since developer the Hakimian Organization rented them out rather than selling them. But those come on the market only...

06/20/12
...Deal. Lorber said he started pitching the developer Hakimian Organization years ago, hinting that slow and steady wins the race. The 364-unit building is...

06/05/12
...sold, according to the project’s developer, the Hakimian Organization. Ariel Cohen, head of an eponymous group at Elliman, is now spearheading sales at...

02/23/12
...the 346-unit development is going rental. Developer the Hakimian Organization bought 75 Wall Street with partners for $185 million from JPMorgan Chase in 2006, and converted it...

08/11/11
...condominiums, the Africa Israel-developed 20 Pine Street and the Hakimian Organization...

...Another major developer with Iranian roots is the Hakimian Organization, founded by brothers Ben and Joe Hakimian. The firm built residential properties such as...

01/18/11
...uncharted waters, having set up packages at the Hakimian Organization...

...Maiden Lane restructured early this year, and the Hakimian Organization, which received a two-year extension on its $263 million construction loan at 75 Wall Street from...

07/26/10
...to Rex Hakimian, an executive director at the Hakimian Organization who developed the 43-story building along with partners Peykar Brothers Realty and Gorjian Properties...

...summary judgment motion they filed in January. At Hakimian Organization...

04/20/10
...August 2009 alleging that the developers, led by the Hakimian Organization, did not allow her to close on apartment 21D after all the remaining units...
  • Event Office Leasing
  • Address 44-16 23rd Street
  • Neighborhood Long Island City
  • Borough Queens
  • Square feet 13,091
  • Publication Date 12/10/2018
  • Event Date 12/03/2018
  • Party 1 Hakimian Organization, Gorjian NY
  • Party 1 Brokerage JRT Realty Group
  • Party 1 Broker Greg Smith, Lauren Calandriello, Ellen Israel
  • Party 2 NY Kids Club
  • Party 2 Brokerage RKF
  • Party 2 Broker Neal Ohm, Eddie Mamiye
notes
The preschool enrichment program inked a lease for the Long Island City space.
  • Event Sales
  • Address 212 East 125th Street
  • Neighborhood East Harlem
  • Borough Manhattan
  • Square feet 15,450
  • Price $ 10,000,000
  • Publication Date 11/03/2018
  • Event Date 11/01/2018
  • Party 1 Second Phoenix Holding
  • Party 1 Brokerage Avison Young
  • Party 1 Broker James Nelson, Brandon Polakoff, Toku Saito
  • Party 2 Hakimian Organization, Certes Partners
notes
The buyer purchased the East Harlem portfolio for $10 million.
  • Event Sales
  • Address 422 West 49th Street
  • Neighborhood Hell's Kitchen
  • Borough Manhattan
  • Price $ 4,650,000
  • Publication Date 10/29/2018
  • Event Date 10/24/2018
  • Party 1 Gorjian Properties, Hakimian Organization
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Maurice Suede
  • Party 2 Mortar Arch + Dev
notes
The buyer bought the Hell's Kitchen property for $4.65 million.
  • Event Sales
  • Address 72-17 Queens Boulevard
  • Neighborhood Woodside
  • Borough Queens
  • Square feet 300,000
  • Price $ 33,000,000
  • Publication Date 10/01/2018
  • Event Date 09/28/2018
  • Party 1 Piermont Properties
  • Party 1 Brokerage Marcus & Millichap
  • Party 1 Broker Eric Anton
  • Party 2 Hakimian Organization
  • Party 2 Brokerage Marcus & Millichap
  • Party 2 Broker Eric Anton
notes
The buyer purchased the Woodside portfolio for $33 million.
  • Event Financing
  • Address 636 11th Avenue
  • Neighborhood Clinton
  • Borough Manhattan
  • Square feet 530,130
  • Price $ 240,000,000
notes
The owner secured a $240 million loan for the Clinton property.
  • Event Financing
  • Address 41-32 27th Street
  • Neighborhood Long Island City
  • Borough Queens
  • Price $ 15,500,000
notes
The company secured a $15.5, 3-year contruction loan.
  • Event Sales
  • Address 44-16 23rd Street
  • Neighborhood Long Island City
  • Borough Queens
  • Square feet 22,254
  • Publication Date 03/01/2016
  • Event Date 01/01/2016
  • Party 1 44-16 23rd Operating Company
  • Party 2 Hakimian Organization
notes
The organization signed a 99-year ground lease.
  • Event Office Leasing
  • Address 250 West 49th Street
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 5,225
  • Price per foot $ 35.00
notes
The yoga studio signed a lease.
  • Event Office Leasing
  • Address 636 11th Avenue
  • Neighborhood Clinton
  • Borough Manhattan
  • Square feet 564,800
notes
The international advertising, public relations and marketing agency inked a lease for the entire 11-story building. The property will serve as the company's new worldwide headquarters.
  • Event Financing
  • Address 75 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 375,600,000
notes
A $375.6 million construction mortgage and mezzanine financing was provided for the 600,000-square-foot mixed-use redevelopment. The project will include 350 luxury residential condominiums atop Hyatt's new Andaz Wall Street Hotel. Development site
Queens, 11101
Hakimian Organization, 27TH STREET PARTNERS LLC
This property is a new development. The developer(s) filed plans in October of...
Manhattan, 10011
30 WEST 18 ASSOICATE LLC
...
Manhattan, 10012
MULBERRY ASSOCIATES L
...
Manhattan, 10011
TENTH AVENUE ASSOCIAT
...
Manhattan, 10011
Hakimian Organization, 30 W.18 ASSOC.,LLC
30 West 18th Street is a 98,690 square foot building built in 2005...
Manhattan, 10017
Hakimian Organization, Young Mens Christian Association, CLUB AT TURTLE BAY
...
Manhattan, 10005
Hakimian Organization, 75 WALL ASSOCIATES, LLC
The sponsor(s) filed plans on 12/08/06 for a condo project at 75 Wall...
Queens, 11101
HAKIMIAN ORGANIZATION, 38TH AVENUE PARTNERS
This property is a new development. The developer(s) filed plans in September of...
Queens, 11101
Hakimian Organization, 27TH STREET PARTNERS LLC
This property is a new development. The developer(s) filed plans in October of...
Queens, 11101
HAKIMIAN ORGANIZATION, 38TH AVENUE PARTNERS
This property is a new development. The developer(s) filed plans in September of...