Ultimate Realty

Ultimate Realty is a real estate investment firm with a portfolio of residential, commercial and mixed use property across Manhattan & Brooklyn. Founded more than 20 years ago, the company is ran by its Founder & CEO, Joe Sabbagh. Ultimate Realty focuses on properties it can enhance through repositioning. UR's value-ad approach is done though hands on development and market knowledge - both within the company and though its partners.



Ultimate Realty recently acquired​ a 3 building portfolio on Forsyth Street in the Lower East Side of Manhattan in a partnership with Caspi Development & Black Bear Asset Managment. With a mix of both free market and rent regulated apartments the mid-rise buildings at 72, 74 and 104 Forsyth Street have a total of 56 rental apartments and six retail spaces. The apartments are a mix of market-rate and rent-stabilized units, with an average rent of $1,859 per month. The buildings, all of which overlook Sara D. Roosevelt Park, span more than 31,000 square feet and offer 8,400 square feet of unused air rights.

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