Zar Property NY

Name

Zar Property NY

Legal name

ZAR PROPERTY NY LLC

Website

https://zarpropertyny.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Commercial Real Estate Investment

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (53112), Lessors of Residential Buildings and Dwellings (53111), Residential Property Managers (531311)

SIC

Real Estate Dealers (For Their Own Account) (6532), Lessors Of Real Property, Nec (6519), Operative Builders (1531)

akta.pro primary industry

Multifamily (Apartment) Property Management (BPAJAGAD)

akta.pro secondary industries

Single-Family Rental (SFR) Property Management (BPAJAFAB), Multifamily Apartment Property Management (BPAJAFAA)

Keywords

• Commercial real estate investment
• Property management services
• Office space leasing
• Retail space leasing
• Value-add acquisitions

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain

Revenue model

1. Real Estate Investment and Property Management: Revenue generated through acquisition, ownership, management, leasing, and renovation of residential, commercial, and retail properties in New York City, with focus on Manhattan. The firm operates entirely in-house handling property management, construction, leasing, and renovations.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Zar Property NY is a family-run real estate investment firm that acquires, owns, manages, and leases residential, commercial, and retail properties in Manhattan. The firm focuses on value-add opportunities, off-market deals, distressed properties, and long-term holds, operating entirely in-house from its midtown Manhattan headquarters with all property management, construction, leasing, and renovations handled internally.

Product overview

ZAR Property NY is a family-run real estate investment firm operating as a single unified offering focused on acquiring, managing, and developing residential, commercial, and retail properties in Manhattan. The company manages its portfolio through a fully integrated approach, handling all property management, construction, leasing, and renovations in-house. The portfolio spans 950,000 SF of commercial real estate across 20+ years of experience with $850M in assets. Key properties include 119 West 57th Street (Billionaires Row), 37 East 18th Street (Union Square), 64 Wooster Street and 105 Wooster Street (Soho), 38-50 Greene Street, 26 West 61st Street (Columbus Circle), 349 Fifth Avenue, 250 West 54th Street, 47 Mercer Street, and 151 Canal/75 Bowery. The company focuses on value-add opportunities, properties with redevelopment potential, and long-term holds.

Differentiator

Problem solved

Functional benefit

Products and services

• Zar Property NY Real Estate Investment
• Property Management Services
• Office Space Leasing
• Retail Space Leasing
• Acquisitions Services

Quantifiable outcome

• 950,000 SF commercial real estate portfolio
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• GFP Real EstatecoreOthers · 2 July 2026GFP Real Estate sold an 89,400-square-foot office building at 118 West 22nd Street to ZAR Property NY for $28 million. This represents a significant transaction between two NYC commercial real estate firms.

Scale indicators5 records

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Tishman Speyer: Global real estate investor and developer with major Manhattan office and mixed-use holdings (e.g., Rockefeller Center); comparable on large-scale Manhattan acquisitions and trophy-asset ownership strategy.
• Vornado Realty Trust: Major publicly-traded Manhattan office REIT with a portfolio concentrated in Penn District and Midtown; directly comparable in target asset class (Manhattan office) and tenant base to Zar Property NY.
• SL Green Realty: Largest office landlord in Manhattan with ~32M SF; competes with Zar Property NY for office tenants and prime Manhattan acquisitions, though at vastly greater scale and with public-market capital access.
• Empire State Realty Trust: Public NYSE-listed REIT owning and operating a 14.4M SF Manhattan office and retail portfolio, including the Empire State Building; competes with Zar Property NY for Manhattan office tenants and acquisition targets at significantly larger scale.
• Related Companies: Large diversified NYC real estate developer and owner with significant office, retail, and residential holdings including Hudson Yards; overlaps with Zar Property NY on Manhattan commercial ownership and value-add repositioning plays.

Direct peers

• Rudin Management Company: Long-standing family-run NYC real estate firm operating and owning commercial and residential properties across Manhattan; highly comparable as a multi-generational, privately-held owner-operator with similar asset mix and operating model.
• The Durst Organization: Family-owned, privately-held NYC real estate developer and landlord with ~13M SF of office and residential; closely mirrors Zar Property NY's family-run, long-duration hold strategy and Manhattan concentration.
• ABS Partners Real Estate: Privately-held NYC commercial real estate investment, management, and leasing firm focused on Manhattan; highly comparable as a similarly-sized privately-held owner-operator competing for similar Manhattan office and retail assets and tenants.
• GFP Real Estate: NYC-focused real estate owner and operator; recently transacted with Zar Property NY on the $28M 118 West 22nd Street sale, indicating direct overlap in Manhattan commercial acquisition and leasing activity.

Others

• Newmark Group: NYC-headquartered commercial real estate services and investment firm; relevant adjacency as a transaction counterparty and capital markets advisor for Manhattan deals of the type Zar Property NY pursues.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/zarpropertyny
• LinkedInlinkedin.com/company/zar-property-ny

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Zar Property NY