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    KAR Properties

    232 Madison Avenue, Suite 200
    New York, NY 10016
    (212) 683-3090

    KAR Properties is a real estate developer and property manager founded by Shahab Karmely. The company operates mainly in Manhattan and Miami, purchasing buildings for multifamily and mixed-use development.

    Kar Properties, Principal
    232 Madison Avenue, Suite 200, New York, NY, (212) 683-3090
    • Event Financing
    • Building Name 443-453 Greenwich Street
    • Address 443 Greenwich Street
    • Neighborhood Tribeca
    • Borough Manhattan
    An $85 million non-recourse acquisition loan was negotiated for the purchase of the 217,549-square-foot property. The floor plan of the buildings makes it a prime candidate for a residential conversion or hotel development. Two 7-story office buildings