Nassimi Realty

What Nassimi Realty does

Nassimi Realty LLC is a privately held, family-owned commercial real estate investment and management firm headquartered at 1330 6th Avenue in New York City, controlled by the Nassimi family and led by founder Mike Nassimi. The firm has been active in real estate since the early 1970s and operates a diversified portfolio of 47 properties spanning 14 states and totaling in excess of 7.7 million square feet of gross leasable area. Its holdings span five asset classes—retail shopping centers, office buildings, industrial assets, residential properties, and land—concentrated in the eastern half of the United States with recent expansion into Midwest and Southeastern retail markets. The firm is recognized for revitalizing underperforming and turnaround properties through repositioning, tenant-mix rebalancing, building expansion, and pad-site development.

Nassimi Realty runs two coordinated business engines. The first is a property management and leasing operation that delivers recurring rental income from long-term commercial leases to retail, office, industrial, and residential tenants, supported by relationships with major tenant-representation brokers (JLL, CBRE, Newmark, Compass) and a flagship pre-built office program at 1330 Avenue of the Americas (a 40-story, 534,203 SF Midtown Manhattan tower co-acquired in 2022 for $320 million). The second is an acquisitions engine that acquires Core Retail ($2M–$100M deals), Value Added/Opportunistic ($500K–$50M deals), and discounted notes collateralized by real estate, then enhances value through redevelopment or ground-up development before holding or selling. Deal sourcing is direct and relationship-based, with acquisition proposals submitted via email and new tenants secured through on-site leasing and broker channels.

The firm monetizes its portfolio through recurring rental income on multi-year leases (best characterized as a recurring revenue model at the asset level) and transaction-driven gains from acquisitions, repositioning, and dispositions. Pricing is individually negotiated based on asset specifics, with deal sizes ranging from $500,000 to $100,000,000 depending on strategy and asset class. Revenue is not publicly disclosed; the company is privately held with no institutional or external investors identified. There is no proprietary technology platform, no public API, and no consumer-facing app—operations are run by a small (11–50 employee) team using standard commercial real estate workflows.

Name

Nassimi Realty

Legal name

Nassimi Realty LLC

Website

https://nassimirealty.com

Company type

Private

Founded year

1970

Operating status

Operating

Headcount range

11–50 employees

Short description

Nassimi Realty is a privately held, family-owned commercial real estate investment and management firm that owns a diversified portfolio of 47 properties across 14 states, encompassing retail, office, industrial, residential, and land assets totaling over 7.7 million square feet, with a focus on revitalizing underperforming assets.

Ownership category

akta.pro rank

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

Operations, Infrastructure, Personnel, Marketing or Sales, Supply Chain

Revenue model

1. Commercial Property Leasing: Nassimi Realty generates revenue through leasing retail, office, and industrial space in its portfolio of properties across 14 states. Tenants sign long-term leases paying rent for commercial space.
2. Property Acquisitions and Value Enhancement: The company acquires properties at various price points ($500K-$100M range), enhances value through repositioning, tenant mix improvements, building expansions, and pad sites, then either holds for ongoing rental income or sells.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Nassimi Realty is a privately held commercial real estate investment and management firm that owns and operates a diversified portfolio of 47 properties across 14 states totaling over 7 million square feet of gross leasable area. The company acquires, develops, repositions, manages, and leases commercial real estate assets including shopping centers, office buildings, industrial properties, residential properties, and land holdings, with a geographic focus on the eastern United States, Midwest, and Southeast.

Product overview

Nassimi Realty operates as a diversified real estate investment and management firm rather than a unified software platform. The company's offering consists of distinct property management verticals organized by asset class: Retail Property Management, Office Property Management, Residential Property Management, Industrial Asset Management, and Land Holdings Management. These are complemented by investment acquisition services including Core Retail Investments, Value Added/Opportunistic Investments, and Note Acquisition. The portfolio spans shopping centers, office buildings, industrial assets, residential properties, and land holdings totaling over 7 million square feet of gross leasable area across 47 properties in 14 states. The company also provides ground up development and re-development services, specializing in turnaround properties.

Differentiator

Problem solved

Functional benefit

Products and services

• Retail Property Management Management and operation of retail shopping centers and retail properties, including distinctive shopping centers, retail plazas, and individual retail spaces across the eastern United States and Midwest, totaling 7,745,017 square feet of retail space.
• Office Property Management Management and operation of office buildings including boutique office properties such as 1330 Avenue of the Americas in Midtown Manhattan, with floorplates ranging from 10,400 to 16,400 square feet.
• Residential Property Management Management of residential properties and residential developments including buildings in Brooklyn, NY and Great Neck, NY.
• Industrial Asset Management Management of industrial properties as part of the diversified portfolio of real estate assets.
• Land Holdings Management Management of land holdings including opportunistic land acquisitions for residential or commercial development and long-term land banking opportunities.
• Core Retail Investments Acquisition of retail properties with minimum of 50,000 SF in NY, NJ, PA or 100,000 SF anywhere on the eastern half of the U.S., located in major metro areas or secondary shopping destinations, with deal sizes from $2,000,000 to $100,000,000.
• Value Added / Opportunistic Investments Acquisition of retail, office, industrial or multifamily value added opportunities offering near-term revenue enhancements through repositioning tenant mix, building expansion, or pad sites, with deal sizes from $500,000 to $50,000,000.
• Note Acquisition Purchase of Non-Performing or Performing Notes at substantial discounts to par, collateralized by retail, office, industrial, multifamily, or land assets.
• Development Services Ground-up development and re-development of existing buildings, specializing in revitalizing turnaround properties.

Quantifiable outcome

• Achieved over 90% occupancy at Four Flaggs Shopping Center
• +3 more outcomes

Named customers23 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• CBREcoreChannel Partner/ Reseller/ Distributor · 3 June 2026Tenant representation broker handling leasing at 1330 Avenue of the Americas. Represented Econic Partners (5,855 SF), Cedarwood Investment Group (4,507 SF), and ST Ma (3,791 SF).
• NewmarkcoreChannel Partner/ Reseller/ Distributor · 3 June 2026Commercial real estate brokerage firm that brokered the Delmonico's Steakhouse lease at 1330 Avenue of the Americas.
• CompassminorChannel Partner/ Reseller/ Distributor · 3 June 2026Commercial real estate broker representing ST Ma in 3,791 SF lease at 1330 Avenue of the Americas.
• Delmonico's Hospitality Group (DHG)minorChannel Partner/ Reseller/ Distributor · 24 March 2026Signed 11,735 SF long-term lease for restaurant space at 1330 Avenue of the Americas, marking Delmonico's expansion to Midtown.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• The Related Companies: Large, diversified national real estate developer and owner with portfolios spanning office, retail, residential, and mixed-use. Broader and more institutional than Nassimi Realty, but comparable in asset class breadth and urban focus.

Direct peers

• SL Green Realty Corp. Largest NYC-focused office landlord with a portfolio of Manhattan office properties. Comparable to Nassimi Realty in targeting Midtown Manhattan office tenants and acquiring/distressing/repositioning office assets.
• Brixmor Property Group: One of the largest publicly traded owners and operators of open-air shopping centers in the U.S. Comparable scale and asset class to Nassimi Realty's retail portfolio with focus on leasing, anchor retention, and value-add repositioning.
• Acadia Realty Trust: Public REIT focused on retail real estate including shopping centers and street retail. Comparable to Nassimi Realty's 7.7M sq ft retail portfolio and shopping center leasing/management operations.
• RXR Realty: New York-based real estate owner, operator, and developer with a diversified portfolio of office, retail, residential, and industrial properties. Sold 1330 Avenue of the Americas to Nassimi Realty's JV group, making it a closely comparable peer in NYC commercial real estate.
• Hakimian Capital: JV partner in the $320M acquisition of 1330 Avenue of the Americas. Family/private real estate investment firm focused on Manhattan commercial real estate, directly comparable to Nassimi Realty's investment and ownership model.
• Kite Realty Group: Public REIT that owns and operates high-quality, open-air shopping centers in select markets. Directly comparable to Nassimi Realty's shopping center operations including Four Flaggs Shopping Center with national anchor tenants.
• Phillips Edison & Company: Public REIT focused on grocery-anchored shopping centers across the U.S. Comparable to Nassimi Realty's retail center strategy including properties anchored by Fresh Farms, Whole Foods, and similar grocery/necessity tenants.
• Vornado Realty Trust: Public REIT that owns and manages premier Manhattan office and retail properties, including assets on Sixth Avenue. Closely comparable to Nassimi Realty's flagship 1330 Avenue of the Americas office tower and overall NYC commercial real estate focus.
• Empire Capital Holdings: NYC-based real estate investment firm that led the $320M acquisition of 1330 Avenue of the Americas with Nassimi Realty. Direct JV partner and directly comparable investor/owner of Manhattan office and mixed-use real estate.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/nassimirealty
• LinkedInlinkedin.com/company/nassimi-realty
• Instagraminstagram.com/nassimirealty
• Facebookfacebook.com/profile.php

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Nassimi Realty