Jonny Yuran joined Newmark in 2018 and serves as an Associate with the firm’s newly formed Private Client Group. Based in Newmark’s Manhattan headquarters, Yuran canvases leads in the boroughs of Manhattan, Brooklyn, Queens and the Bronx. He then educates owners on current and possible future market conditions and advises them on whether to sell or hold onto their properties. He also helps owners to sell their properties to potential buyers, focusing on middle market deals ranging from $5 million to $250 million.
Most recently, Yuran closed on 11-55 45th Ave AKA 44-74 21st Street, Long Island City, NY, a 45,707 SF, 46 residential building for $14,775,000. Dunkin Donuts was the retail tenant where they subleased part of their space to the Wine & Liquor Store. A significant amount of the income was derived from the antennas on the roof.
Yuran also closed on 148-158 Stuyvesant Ave, Brooklyn, NY, a 100% FM mixed use apartment building in Bed-Stuy for $3.075MM The retail and parking garage and most of the resi units were delivered vacant.
In another recent deal, Yuran also closed on 324-326 East 84th Street, a 68% FM, 40 unit apartment building, for $9MM.
Yuran sold 2870 Marion Avenue, a 55,203-square-foot property with 44 apartments, in the Bedford Park section of the Bronx to a private family for $4,125,000.
Yuran also sold 242 East 83rd Street, a 9,815-square-foot property with 20 units on the Upper East Side, to Hersel Torkian for $5,000,000.
Other notable deals include, 96 Sterling Place, an 18,020-square-foot apartment building in Park Slope, Brooklyn, to Peak Capital and Rudd Realty for $10.4 million. The property has 25 units and a cellular tower and is 88% free-market, as well as 1064-1066 Jackson Avenue, a development site in Long Island City with 25,235 buildable square feet, to BK Developers for $8 million. The property came with MTA approval and approved plans to build a seven-story condominium project with ground-floor retail space.
Yuran also structured a joint venture between Starwood Capital and AB Capstone to build 425 Westchester Avenue, a ground-up Class A office building in the South Bronx. Starwood Capital placed $26.5 million of equity into the deal, making 425 Westchester Starwood’s first investment in an opportunity zone in the country.
Prior to Newmark, Yuran was an Associate Director in investment sales at the now-shuttered Eastern Consolidated. One of the leading investment sales firms in the New York City area, Eastern Consolidated closed in July 2018.
Active in his community, Yuran is a member of the Friendship Circle, a charity supporting children and young people with special needs, and the Crohn’s & Colitis Foundation, a non-profit organization dedicated to supporting research in Crohn’s disease and ulcerative colitis.
Yuran earned a Bachelor of Fine Arts degree from Syracuse University, where he was a Dean’s List student, majoring in film and minoring in marketing.