Kamran Hakim

Kamran Hakim is a New York-based real estate investor^[1] and one of New York City's largest private landlords.^[2]

Biography

Hakim was born to an Iranian Jewish family in Iran and then immigrated to the United States.^[1][3] He founded the Hakim Organization in 1978.^[4]

Hakim owns a portfolio of over 200 buildings^[5] worth in excess of $1.0 billion of rental properties in New York City with a concentration on the Upper West Side and the Upper East Side of New York City.^[1] Hakim's focus is to purchase rent-stabilized buildings that need infrastructure investment, make the necessary capital improvements, and then transition them to the market rate.^[1] In 2003, he and his son Scott Hakim erected the 480 unit, $150 million, The Anthem, on the East Side of Mid-town Manhattan.^[6][7] In 2012, he purchased the historic El Royale in Hollywood with real-estate attorney Farhad Eshaghpour for $29.5 million in cash.^[8][9][10] In January 2013, he announced that he will begin construction on a 40 story apartment tower in Long Island City.^[11]

In November 2012, El Royale was purchased by Kamran Hakim and Farhad Eshaghpour for $29.5 million in cash.

Personal life

Hakim practices Judaism^[12] and has three children: Scott Hakim,^[6] Wendy Hakim Jaffe,^[13] and Catherine Hakim Brodsky.^[14] He avoids publicity and prefers to operate behind the scenes.^[1] He is a supporter of the Jewish Museum in Manhattan^[15] and the Center for Jewish History.^[16] He is on the board of International Trustees for the Israel Cancer Relief Fund.^[17] Hakim owns the horse-show venue Old Salem Farm in the Hudson Valley, New York.^[18][19]

References