Lalezarian Properties | TRD Research
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Lalezarian Properties

Garden City, NY

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.

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 507-511 Third Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Price $ 45,000,000
notes
The lender issued a loan of $45 million for the Murray Hill portfolio.
  • Event Sales
  • Address 507-511 Third Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Price $ 79,500,000
  • Publication Date 12/10/2018
  • Event Date 12/10/2018
  • Party 1 Riese Organization
  • Party 2 Lalezarian Properties
notes
The buyer purchased the Murray Hill portfolio for $79.5 million.
  • Event Financing
  • Address 507 West 28th Street
  • Neighborhood West Chelsea
  • Borough Manhattan
  • Square feet 400,000
  • Price $ 220,000,000
notes
The owner secured a loan of $220 million for the West Chelsea portfolio.
  • Event Financing
  • Address 222 East 56th Street
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 30,635
  • Price $ 13,000,000
  • Publication Date 08/20/2018
  • Event Date 08/10/2018
  • Party 1 Lalezarian Properties
  • Party 2 Bank of New York Mellon
notes
The lender issued an acquisition loan of $13 million for the Midtown East property.
  • Event Sales
  • Address 222 East 56th Street
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 30,635
  • Price $ 25,000,000
  • Publication Date 08/13/2018
  • Event Date 08/10/2018
  • Party 1 Huguel Corporation
  • Party 2 Lalezarian Properties
notes
The buyer secured the Midtown East property for $25 million.
Manhattan, 10001
WEST 30TH STREET LLC
606 West 30th Street is a 16,052 square foot property built in 1925...
Brooklyn, 11201
Lalezarian Properties, BROOKLYN TILLARY, LLC
277 Gold Street is a 118,160 square foot building in the Downtown Brooklyn...
Brooklyn, 11201
Lalezarian Properties, BROOKLYN TILLARY, LLC
257 Gold Street is a 326,609 square foot building in the Downtown Brooklyn...
Manhattan, 10018
LALEZARIAN PROPERTIES, HUDSON 36 LLC
This property is a new development. The developer(s) filed plans in September of...
Manhattan, 10014
LALEZARIAN PROPERTIES, CHARLTON MANAGEMENT LLC
This property is a new development. The developer(s) filed plans in October of...
Manhattan, 10009
222 E. 3RD STREET,
...
Manhattan, 10011
155 W. 21ST ST. LLC
...
Manhattan, 10005
MAIDEN LANE PROPERTI
...
Manhattan, 10018
LALEZARIAN PROPERTIES, HUDSON 36 LLC
This property is a new development. The developer(s) filed plans in September of...
Manhattan, 10014
LALEZARIAN PROPERTIES, CHARLTON MANAGEMENT LLC
This property is a new development. The developer(s) filed plans in October of...