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.


05/17/17
...Toren rental tower at 150 Myrtle Avenue, and in 2014, Lalezarian Properties built the 255-unit rental tower at 309 Gold Street. John Catsimatidis’ Red Apple Group is...

03/06/17
...Supreme Court. James Dawson, a former resident at Lalezarian Properties’ 100 Maiden Lane, is suing Bailey for malpractice, the New York Post reported. Dawson clashed...

08/07/16
...able to cash in on the traffic because Lalezarian Properties’ new development allegedly destroyed their business. Death Ave Brewing Co. Construction at 319 10th Avenue...

05/16/16
...Line is getting ready to make its debut. Lalezarian Properties plans to launch leasing this summer at its 375-unit development in West Chelsea, where...

02/25/16
...Avenue and 35th Street. And Long Island-based developer Lalezarian Properties filed plans over the summer indicating the company is looking to erect a 250-unit...

11/05/15
...in Hudson Square Lake Success, N.Y.-based Lalezarian Properties filed a permit application to build a 61-unit rental building at 100-102 Chartlton Street...

10/27/15
...a  trio of apartment buildings under construction by Lalezarian Properties. While details on project specifics are scare, Nest Seekers International’s Ryan Serhant could...

08/07/15
...some retail and small service and repair shops. Lalezarian Properties paid $36 million, or roughly $1,200 per square foot, to buy the plot from the family...

06/11/15
...-521 West 36th Street and Kevin Lalezarian (inset) Lalezarian Properties is looking to build a 38-story apartment tower in Hudson Yards near upcoming projects...

10/21/14
...in Hudson Square, David Noonan and Jennifer Schwartzman Lalezarian Properties is looking to reap a windfall on a pair of four-story Hudson Square rental...

09/24/14
...Chelsea’s newly expanded elevated park. Long Island-based Lalezarian Properties is aiming for an early 2016 completion date for the three rental buildings it is...

01/23/14
...Carmel's Ron Zeff and 15 Cliff Street Lalezarian Properties has sold its Financial District rental building at 15 Cliff Street to a California investment...

05/02/13
...-515 West 36th Street Lalezarian Properties has paid $21.25 million for a commercial loft building in the Hudson Yards Special District...

12/29/10
...Brooklyn; Forest City Ratner's 354-unit 80 DeKalb Avenue; and Lalezarian Properties...

07/01/10
...which is marketing the building for the developer, Lalezarian Properties, said leasing up the Townsend "shouldn't take more than six months." If Glenwood Management's...

03/02/10
...in May, Citi Habitats will start leasing at Lalezarian Properties’ new rental project at 350 West 37th Street at Ninth Avenue. The 80/20 project is tentatively...

01/14/10
...marketing strategy. Two months since its sales launch, Lalezarian Properties has received 100 applications for the building...

07/03/08
...as an NYU dorm, sold the building to Lalezarian Properties in November 2007 for more than $60 million.NYU lost 350 beds in the deal. Just around...
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
  • Publication Date 01/01/2008
  • Event Date 11/22/2007
  • Party 1 Lalezarian Developers
  • Party 1 Brokerage Meridian Capital Group
  • Party 1 Broker Charles Grussgott, Abe Hirsch
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 multifamily residential building, 156 units total.
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Lalezarian Properties, HUDSON 36 LLC
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Manhattan, 10014
Lalezarian Properties, CHARLTON MANAGEMENT LLC
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Manhattan, 10009
222 E. 3RD STREET,
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Manhattan, 10011
155 W. 21ST ST. LLC
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Manhattan, 10018
Lalezarian Development, TOWER 37 LLC
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Manhattan, 10005
MAIDEN LANE PROPERTI
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Manhattan, 10018
Lalezarian Properties, HUDSON 36 LLC
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Manhattan, 10014
Lalezarian Properties, CHARLTON MANAGEMENT LLC
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Manhattan, 10018
Lalezarian Development, TOWER 37 LLC
...
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