New York

New York Life Provides $386M Loan for Refinancing of Midtown Manhattan Office Building

by Taylor Williams September 25, 2026

NEW YORK CITY — New York Life Insurance has provided a $386 million loan for the refinancing of 200 Madison Avenue, a 750,000-square-foot office building in Midtown Manhattan. The 26-story building was originally constructed in 1926. Havas Health is the building’s anchor tenant via a 15-year, 254,118-square-foot lease extension and expansion that was signed in August. Other tenants include architecture practice Spectorgroup and boutique law firm BraunHagey & Borden. Jonathan Estreich, Peter Duncan and Egor Petrov of Estreich & Co., along with Adam Spies, Adam Doneger and Willis Robbins of Newmark, arranged the five-year, floating-rate loan. The borrower, George Comfort & Sons, owns the building in partnership with Loeb Partners Realty and Jamestown.

September 25, 2026

Development Multifamily New York Northeast

Skyline Developers Completes 97-Unit Apartment Building in Midtown Manhattan

by Taylor Williams September 25, 2026

NEW YORK CITY — New York City-based Skyline Developers has completed a 97-unit apartment building at 18 W. 55th St. in Midtown Manhattan. Designed by Morris Adjmi Architects, the 25-story building is known as 18W55 and features studio, one-, two- and three-bedroom floor plans, as well as 5,265 square feet of retail space. Amenities include a fitness and wellness center, coworking suite with private meeting rooms, a private cinema, golf simulator and entertainment suite and a social lounge. Construction began in mid-2023 and topped out in summer 2024. Leasing launched about nine months ago, and the building is now fully occupied.

September 25, 2026

Acquisitions New York Northeast Retail

Marcus & Millichap Brokers $16.2M Sale of Bronx Retail Building

by Taylor Williams September 25, 2026

NEW YORK CITY — Marcus & Millichap has brokered the $16.2 million sale of a 28,819-square-foot retail building in The Bronx. The building at 2244 Westchester Ave. was constructed in 1970 and has housed the flagship branch and corporate headquarters of Ponce Bank for the past 25 years. Steven Siegel of Marcus & Millichap represented the seller, Arc Trust, in the transaction. Judson Kauffman of Surmount (formerly NNN Pro) represented the undisclosed buyer, which acquired the property via a 1031 exchange.

September 25, 2026

Industrial Loans New York Northeast

Largo Capital Places $24M Permanent Loan for Buffalo Industrial Property

by Taylor Williams September 24, 2026

BUFFALO, N.Y. — Locally based financial intermediary Largo Capital has placed a $24 million permanent loan for a 300,000-square-foot industrial property in Buffalo. The address of the property was not disclosed, but the site is located within an “established” industrial park just south of the downtown area. The property was fully leased to a single tenant at the time of the loan closing. Jack Phillips of Largo Capital arranged the nonrecourse loan through an undisclosed CMBS lender. The borrower was also not disclosed.

September 24, 2026

Acquisitions New York Northeast Office

L&L Infinite Acquires 42-Story Office Building in Midtown Manhattan

by Taylor Williams September 23, 2026

NEW YORK CITY — L&L Infinite Real Estate Partners, a development and investment firm with offices in New York City and West Palm Beach, has acquired 600 Third Avenue, a 42-story office building in Midtown Manhattan. L&L acquired the 575,254-square-foot building, which was originally constructed in 1970, in a joint venture with Mack Real Estate Group, BLDG Management and BD Blakely. The building was 92 percent leased at the time of sale to tenants such as law firm Polsinelli, Energy Impact Partners and global investment manager 3G Capital. The building’s retail space is home to Dunkin’, Shake Shack, Just Salad, PureGym and Chipotle Mexican Grill. Adam Spies and Josh King of Newmark represented the seller in the transaction. Bain Capital provided a $215 million acquisition loan for the deal.

September 23, 2026

Loans Multifamily New York Northeast

New Empire Receives $75M in Construction Financing for Brooklyn Multifamily Project

by Taylor Williams September 22, 2026

NEW YORK CITY — Locally based developer New Empire has received $75 million in construction financing for a new multifamily project that will be located in Brooklyn’s Flatbush neighborhood. The financing consists of a $58 million senior loan from Madison Realty Capital and a $17 million mezzanine loan from Naftali Credit Partners. Designed by Morali Architects with interiors by Paris Forino, the project at 757 Flatbush Ave. will be a nine-story building with 131 residences and 3,348 square feet of commercial space. Units will come in studio, one-, two- and three-bedroom units. Details on the amenity package were not disclosed.

September 22, 2026

Leasing Activity New York Northeast Office

QSAC Signs 25,268 SF Office Lease in The Bronx

by Taylor Williams September 22, 2026

NEW YORK CITY — Quality Services for the Autism Community (QSAC) has signed a 25,268-square-foot office lease in The Bronx. The deal comprises 12,891 square feet of second-floor space and 12,377 square feet of outdoor space at 1200 Zerega Avenue, a two-story, 95,646 square-foot building. Josh Kleinberg of Colliers represented QSAC in the lease negotiations. Mathew Diana of DY Realty Group, in conjunction with in-house leasing agents, represented the owner, Simone Development Cos.

September 22, 2026

Leasing Activity New York Northeast Office

ProMedia Signs 27,780 SF Office Lease in Manhattan’s Hudson Square

by Taylor Williams September 21, 2026

NEW YORK CITY — ProMedia has signed a 27,780-square-foot office lease in Manhattan’s Hudson Square area. The production and media infrastructure company has committed to a full floor at 250 Hudson Street for the next 15 years. Gordon Ogden and Ava Beganovic of Bradford Allen represented ProMedia in the lease negotiations. Brett Greenberg and Adam Rappoport internally represented the landlord, Jack Resnick & Sons.

September 21, 2026

Loans Multifamily New York Northeast

Avison Young Arranges $115M in Agency Financing for Queens Apartment Building

by Taylor Williams September 18, 2026

NEW YORK CITY — Avison Young has arranged $115 million in Fannie Mae financing for a 301-unit apartment building in the Long Island City area of Queens. Wells Fargo provided the loan for the building, which represents Phase II of a larger development known as the Eagle Lofts Collection, through Fannie Mae’s Delegated Underwriting Service (DUS) program. Phase II features studio, one- and two-bedroom units, 30 percent of which are designated as affordable housing. Amenities include a spa with saunas and therapy rooms and a speakeasy sports parlor with a bowling alley, golf simulator and ski simulator, as well as a rooftop pool, fitness center, children’s playroom and pet washing station. Scott Singer, Andy Singer, Kevin Swartz and Kathleen McSharry of Avison Young arranged the debt on behalf of the owner, Rockrose Development.

September 18, 2026

Acquisitions Multifamily New York Northeast

JLL Negotiates $21.7M Sale of Multifamily Development Site in The Bronx

by Taylor Williams September 18, 2026

NEW YORK CITY — JLL has negotiated the $21.7 million sale of a 28,700-square-foot multifamily development site in The Bronx. The site at 122 Bruckner Blvd. is located within the borough’s Mott Haven neighborhood and can support 172,774 square feet of new development. Brendan Maddigan, Ethan Stanton and Mike Mazzara of JLL represented the locally based seller, Altmark Group, in the transaction. The buyer was locally based investment and development firm Nalcorp.

September 18, 2026

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