Parkoff Organization | The Real Deal New York

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Parkoff Organization

98 Cuttermill Road, Suite 444
Great Neck, NY 11021
(516) 487-6790
Website
Parkoff Organization

Parkoff Organization is a Long Island-based real estate acquisition and management company. In 2008 Parkoff Organization made headlines for buying a nine-story building across from Rockefeller Center at 7 West 51st Street in an all-cash deal that finalized within 48 hours. In 2010 it purchased two properties at 431 and 441 Third Avenue for $22 million, and a year later it bought three adjacent mixed-use buildings in Upper Manhattan for $14 million. In 2012 the firm paid $158 million for a 10-building portfolio spread throughout the city. The portfolio included residential and mixed-use builings in the West Village, Lower East side, and the Bronx. That year the firm also bought the Clearview Cinemas building on West 23rd Street. In 2015 Parkoff would buy the 69,000-square-foot building across from Kaufman Astoria Studios in Queens for $30 million, with plans to redevelop it. The firm also purchased property in Forest Hills, Queens, earlier that year.


01/17/18
...Related owns nearly 4,000 apartments, which sources said the Parkoff Organization approached the firm about selling last year. The deal fell apart before going into...

10/16/17
...Adam Parkoff and 2828 Kings Highway The Parkoff Organization has been discriminating against black renters at one of its buildings in Midwood, a...

10/13/17
...next year. Developers such as Glenwood Management, the Parkoff Organization and the LeFrak Organization have been among the leading contributors to the RSA’s...

...next year. Developers such as Glenwood Management, the Parkoff Organization and the LeFrak Organization have been among the leading contributors to the RSA’s...

07/17/17
...nearly $2 million after donors like Glenwood Management, the Parkoff Organization and the LeFrak Organization helped fill the coffers earlier this year. Through two of...

06/07/17
...group of tenants filed a lawsuit against the Parkoff Organization and affiliated entities, alleging that the landlord overcharged rent and illegally deregulated units at...

12/07/16
...E denied the allegations. HRI also sued the Parkoff Organization in October, claiming it illegally deregulated units despite collecting J-51 tax credits. In August...

09/22/16
...-25 34th Street. And late last year, the Parkoff Organization bought a Kaufman Studios building at 37-11 35th Avenue for $435 per square foot...

09/12/16
...a northwest Bronx apartment building are suing landlord Parkoff Organization for allegedly deregulating units in violation of rent control laws. In a lawsuit filed...

12/15/15
...th Street in Astoria (inset: Hal Rosenbluth) The Parkoff Organization bought a 69,000-square-foot commercial building across the street from Kaufman Astoria Studios, the property...

06/17/15
...Forest Hills and Richard Wagman (credit: Bisnow) The Parkoff Organization picked up a one-story Citibank branch in Forest Hills from Madison Capital and Prudential...

03/24/15
...Emmanuel Sark of 167 Mott LLC is the buyer. 2.) Parkoff Organization paid $17 million for a Forest Hills, Queens commercial building at 69-33 Austin Street. The...

01/03/13
...the Bronx and Queens, traded for $190.5 million. The Parkoff Organization purchased 10 of the buildings for $158 million, as The Real Deal reported last week. The...

12/26/12
...Aaron Jungreis, The Claremont and 201 West 11th Street. Parkoff Organization has paid $158 million to the Dermot Company for a 10-building portfolio of residential and...

03/07/12
...portfolio of Manhattan rental apartments owned by the Parkoff Organization. The Parkoff Portfolio represents 10.3 percent of the total loan pool from Morgan Stanley Capital...

02/01/12
...Jan. 10, Great Neck, L.I.-based developer the Parkoff Organization bought the Chelsea Clearview Cinemas building, at 256-260 West 23rd Street, from Emmes Asset...

06/30/11
...high-profile operators and investors such as Stonehenge Partners, Parkoff Organization, TF Cornerstone and investment firm Angelo Gordon, insiders said. The sellers did not hire...

01/12/11
...of New York to shutter 27 city Catholic schools 9. Parkoff Organization picks up 431 Third Avenue and 441 Third Avenue next door 10. McSweeney's editor and writer wife...

08/26/10
...landlocked estate is Richard Parkoff, head of the Parkoff Organization, a New Jersey-based company that owns apartment buildings in New York City. According to...

04/23/10
...Great Neck, LI-based property owner Parkoff Organization purchased an Upper East Side mixed-use building at 1248-1250 Lexington Avenue for $10 million yesterday...

09/16/08
...the address of Great Neck real estate firm Parkoff Organization, went into contract on September 8 and closed two days later, according to city records...

...Times reported that the city had selected the Parkoff Organization of Great Neck as the preferred developer. The company proposed a 218-room hotel, spa...
  • Event Retail Leasing
  • Address 3418 Broadway
  • Neighborhood Hamilton Heights
  • Borough Manhattan
  • Square feet 2,850
notes
The largest sex toy store signed a lease.
  • Event Retail Leasing
  • Address 1482 First Avenue
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Square feet 1,000
notes
The popular donut shop signed a lease.
  • Event Retail Leasing
  • Address 1248 Lexington Avenue
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Square feet 1,215
notes
The pizza restaurant signed a lease.
  • Event Retail Leasing
  • Address 661 Lexington Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 400
notes
The coffee shop signed a lease.
  • Event Retail Leasing
  • Address 661 Lexington Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 1,000
notes
The café signed a 10-year lease.
  • Event Sales
  • Address 2182 Barnes Avenue
  • Borough Manhattan
  • Price $ 158,000,000
notes
The package of five Manhattan and five Bronx buildings sold for $158 million, the New York Observer reported. The Manhattan properties are located at 201 and 207 West 11th Street, 229 East 12th Street and 71 and 81 Orchard Street. The Bronx properties are located at 2131 and 2132 Wallace Avenue and 2146, 2162 and 2182 Barnes Avenue.
  • Event Sales
  • Address Manhattan and Bronx portfolio
  • Neighborhood Midtown
  • Borough Bronx
  • Price $ 158,000,000
  • Event Retail Leasing
  • Address 796 Madison Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 500
notes
The Italian jeweler signed a lease, the New York Post reported. The asking rent was $1,100 per square foot, according to the Post.
  • Event Retail Leasing
  • Address 4863 Broadway
  • Neighborhood Inwood
  • Borough Manhattan
  • Square feet 1,140
notes
The restaurant signed a lease.
  • Event Sales
  • Address 3101 and 3115 Avenue I
  • Neighborhood Midwood
  • Borough Brooklyn
  • Price $ 22,100,000
  • Publication Date 01/01/2012
  • Event Date 11/17/2011
  • Party 1 Elias Mallouk Realty
  • Party 1 Broker Yanni Simantov
  • Party 2 Parkoff Organization
  • Party 2 Brokerage GFI Realty Services
  • Party 2 Broker Josh Orlander
  • Event Retail Leasing
  • Address 798 Madison Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 2,800
notes
The Italian clothing company signed a retail lease.
  • Event Retail Leasing
  • Address 798 Madison Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 1,800
notes
The English shoemaker signed a lease.
  • Event Retail Leasing
  • Address 4865 Broadway
  • Neighborhood Inwood
  • Borough Manhattan
  • Square feet 512
notes
The cosmetics company leased a retail space for a training studio.
  • Event Retail Leasing
  • Address 4869 Broadway
  • Neighborhood Inwood
  • Borough Manhattan
  • Square feet 400
notes
The check-cashing store signed a lease.
  • Event Sales
  • Building Name 431 and 441 Third Avenue
  • Address 441 Third Avenue
  • Neighborhood Kips Bay
  • Borough Manhattan
  • Square feet 50,000
  • Price $ 22,000,000
  • Price per foot $ 440.00
notes
The adjacent buildings sold for $22 million, or $400 per square foot. The price represents a gross rent multiple of 13. The corner property at 431 Third Avenue has 52 apartments and six stores, and the walk-up at 441 Third Avenue contains seven apartments, one store and a carriage house. The properties include 55,000 square feet of air rights for future development.
  • Event Sales
  • Address 431 and 441 Third Avenue
  • Neighborhood Kips Bay
  • Borough Manhattan
  • Price $ 22,000,000
  • Event Sales
  • Address 144 East 22nd Street
  • Neighborhood Gramercy Park
  • Borough Manhattan
  • Price $ 10,020,000
notes
The property sold for $10.02 million.
  • Event Sales
  • Building Name 1248-1250 Lexington Avenue
  • Address 1248 Lexington Avenue
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Square feet 18,500
  • Price $ 10,000,000
  • Price per foot $ 540.54
notes
The building sold for $10 million.
  • Event Retail Leasing
  • Address 30 East 68th Street
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 446
notes
The café signed a 15-year lease.
  • Event Sales
  • Address 7 West 51st Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 43,000
  • Price $ 28,000,000
  • Price per foot $ 651.16
  • Publication Date 11/01/2008
  • Event Date 09/22/2008
  • Party 1 Banco Popular North America
  • Party 2 Parkoff Organization
notes
The commercial property sold for $28 million, or $651 per square foot. The seller, a division of Puerto Rico's largest bank, Popular, originally acquired the building in 1971. It operates a retail bank on the property's first floor.
  • Event Sales
  • Address 110 East 55th Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 72,500
  • Price $ 33,500,000
  • Price per foot $ 462.07
notes
The Class A building sold for $33.5 million.
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