New York

MRC Provides $480M in Financing for Office-to-Residential Conversion Project in Midtown Manhattan

by Taylor Williams June 19, 2026

NEW YORK CITY — Madison Realty Capital (MRC) has provided $480 million in financing for an office-to-residential conversion project in Midtown Manhattan. The project will convert the 27-story, 523,051-square-foot building at 1740 Broadway, which spans nearly a full city block between 55th and 56th streets, into a 420-unit multifamily building with 238 apartments and 182 condos. The converted building will also feature 60,000 square feet of amenities, including a 22,000-square-foot sporting club, a spa with a lap pool, a concealed speakeasy bar in the building’s original bank vault and dedicated lounge and sun deck spaces for residents. Jason Krane, Russ Schildkraut and Simon Ziff of Ackman-Ziff arranged the financing on behalf of the owner, Yellowstone Real Estate Investments. Completion is slated for the third quarter of 2029.

June 19, 2026

Acquisitions Affordable Housing Development Multifamily New York Northeast

Tredway Buys 168-Unit Affordable Seniors Housing Complex in Peekskill, New York, Plans Rehabilitation

by Taylor Williams June 19, 2026

PEEKSKILL, N.Y. — New York-based owner-operator Tredway has purchased a 168-unit affordable seniors housing complex in Peekskill, about 50 miles north of New York City. The property at 901-907 Main St. houses units that are reserved for renters earning 60 percent or less of the area median income. As a means of preserving affordability, Tredway plans to invest about $4.5 million in capital improvements to the property, including façade repairs, upgrades to building systems and the installation of new in-unit appliances. Tredway also plans to enhance the building’s security systems and introduce new social services. The seller and sales price were not disclosed.

June 19, 2026

Leasing Activity New York Northeast Office

Sher Tremonte LLP Signs 26,405 SF Office Lease Renewal in Lower Manhattan

by Taylor Williams June 19, 2026

NEW YORK CITY — Law firm Sher Tremonte LLP has signed a 10-year, 26,405-square-foot office lease renewal in Lower Manhattan’s Financial District. The space spans the entire 22nd and 23rd floors of the 410,000-square-foot building at 90 Broad St. Seth Hecht of JLL represented the tenant in the lease negotiations. Jon Fein of Cushman & Wakefield, along with internal agent Josh Turman, represented the landlord, Princeton International Properties.

June 19, 2026

Leasing Activity New York Northeast Retail

Best Buy to Open 35,500 SF Store in Nanuet, New York

by Taylor Williams June 18, 2026

NANUET, N.Y. — Best Buy will open a 35,500-square-foot store in Nanuet, located just north of the New York-New Jersey border. Previously occupied by At Home, the space is located on the ground floor of the Macy’s store at the Shops at Nanuet, which is a redevelopment of the former Nanuet Mall. Jeffrey Howard of RIPCO Real Estate represented the tenant in the lease negotiations, while David Landes and Zach Landes of Royal Properties represented the landlord, Metropolitan Realty Associates.

June 18, 2026

Leasing Activity Life Sciences New York Northeast

Rover Diagnostics Signs 15,763 SF Life Sciences Lease in Queens

by Taylor Williams June 18, 2026

NEW YORK CITY — Rover Diagnostics has signed a 15,763-square-foot life sciences lease in Queens. The space is located on the ground floor of Innolabs, a 266,800-square-foot development in the borough’s Long Island City area. Tom Burrus of JLL represented Rover Diagnostics in the lease negotiations. Bill Harvey and John Cahill, also with JLL, represented the landlord, a partnership between King Street Properties and GFP Real Estate.

June 18, 2026

Industrial Loans New York Northeast

JLL Arranges $19.5M Loan for Refinancing of Industrial Building in Westchester County

by Taylor Williams June 16, 2026

CROTON-ON-HUDSON, N.Y. — JLL has arranged a $19.5 million loan for the refinancing of a 118,991-square-foot industrial building in Croton-on-Hudson, located north of New York City in Westchester County. The single-tenant building at 1 Half Moon Bay Drive, which was fully leased at the time of the loan closing, was purpose-built for tire distribution in 1995 and features a clear height of 29 feet, 10 dock doors and two drive-in doors. Jillian Mariutti led the JLL team that placed the loan with Webster Bank on behalf of the owner, a partnership between Monday Properties and KPR Centers.

June 16, 2026

Acquisitions New York Northeast Office

Marcus & Millichap Brokers $7.1M Sale of Two Long Island Office Buildings

by Taylor Williams June 16, 2026

ROSLYN, N.Y. — Marcus & Millichap has brokered the $7.1 million sale of two office buildings totaling 28,714 square feet in the Long Island community of Roslyn. The buildings sit on a 1.5-acre site at 200-220 S. Service Road. Michael Tuccillo and Anthony Cerrone of Marcus & Millichap represented the undisclosed seller in the transaction and procured the buyer for the building at 200 S. Service Road. Global Realty Services USA procured the buyer for 220 S. Service Road. All parties requested anonymity.

June 16, 2026

Leasing Activity New York Northeast Retail

Hydrogen Fitness Signs 17,000 SF Retail Lease in Midtown Manhattan

by Taylor Williams June 16, 2026

NEW YORK CITY — Hydrogen Fitness has signed a 15-year, 17,000-square-foot retail lease in the Murray Hill submarket of Midtown Manhattan. The space spans the ground floor, lower level and mezzanine levels of the building at 145 E. 32nd St. Thomas Capuano of Okada & Co. represented the landlord, Meyer Equities, in the lease negotiations. Cory Gahr and Josh Lebowitz of Lee & Associates represented Hydrogen Fitness. The opening is slated for next January.

June 16, 2026

Leasing Activity New York Northeast Office

NYC Alliance Signs 50,000 SF Office Lease at 1441 Broadway in Midtown Manhattan

by Taylor Williams June 15, 2026

NEW YORK CITY — NYC Alliance, the apparel company behind brands like Juicy Couture, Frye and 525 America, has signed a 10-year, 50,000-square-foot office lease, inclusive of showroom space, at 1441 Broadway in Midtown Manhattan. NYC Alliance is relocating and expanding from its nearby office at 1411 Broadway to the entire 15th and 16th floors, as well as part of the 17th floor, at the 34-story building. Peter Braus, Dennis Someck, Todd Korren and Justin Myers of Lee & Associates represented the tenant in the lease negotiations. Rick Doolittle, J.P. Howard, Taylor Bell and Michael Joseph of Colliers represented the landlord, L.H. Charney Associates.

June 15, 2026

Leasing Activity New York Northeast Office

Nationwide Mortgage Bankers Opens 30,000 SF Office Headquarters in Melville, New York

by Taylor Williams June 12, 2026

MELVILLE, N.Y. — Nationwide Mortgage Bankers (NMB), a locally based financial institution, has opened a 30,000-square-foot office headquarters at 1305 Walt Whitman Road in Melville, a community located on Long Island. The space features a podcast streaming center, digital media studios and a 65-seat technical training facility. NMB plans to immediately bring about 100 jobs to the facility and hire more in the coming months. The Feil Organization owns the building.

June 12, 2026

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