New York

Walker & Dunlop Arranges $216M Loan for Refinancing of Manhattan Office, Retail Building

by Taylor Williams October 16, 2026

NEW YORK CITY — Walker & Dunlop has arranged a $216 million bridge loan for the refinancing of 568 Broadway, a 390,745-square-foot office and retail building in Manhattan’s SoHo neighborhood. The 12-story building’s retail component totals 70,870 square feet retail and was fully leased at the time of the loan closing to tenants such as Hugo Boss, Athletic Propulsion Labs, GU and Equinox. Office users include Zocdoc, The Farmer’s Dog and Milk Makeup. Aaron Appel, Dustin Stolly, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Sean Reimer, Jordan Casella and Stanley Cayre of Walker & Dunlop arranged the loan through ACORE Capital. The borrower is a joint venture between Aurora Capital, Allied Partners and A&H Acquisitions.

October 16, 2026

Affordable Housing Loans Multifamily New York Northeast

Merchants Bank Provides $27.5M in Financing for Brooklyn Affordable Housing Complex

by Taylor Williams October 16, 2026

NEW YORK CITY — Merchants Bank has provided $27.5 million in bridge financing for the acquisition and rehabilitation of Restore Housing Apartments, a 138-unit affordable housing complex in Brooklyn. The borrower is local owner-operator Tredway. The property offers one-, two-, three- and four-bedroom apartments that are reserved for households earning 50 percent or less of the area median income. The capital improvements, which are valued at $10 million and will preserve the property’s affordability status for another 99 years, will include new lobbies, kitchens, bathrooms, energy-efficient appliances and a rooftop solar installation.

October 16, 2026

Leasing Activity New York Northeast Office

HarbourVest Partners Signs 19,752 SF Office Lease in Midtown Manhattan

by Taylor Williams October 16, 2026

NEW YORK CITY — HarbourVest Partners has signed a 19,752-square-foot office lease in Midtown Manhattan. The Boston-based private equity firm is taking space on the 49th floor of 9 West 57th Street via a 10-year lease. Alexander Chudnoff and Ava Loughlin of JLL represented HarbourVest in the lease negotiations. Howard Fiddle, John Maher, Gregg Rothkin and Alex Leopold of CBRE represented the undisclosed landlord.

October 16, 2026

Loans New York Northeast Office

Sapir Organization Receives $105M Loan for Refinancing of Midtown Manhattan Office Building

by Taylor Williams October 15, 2026

NEW YORK CITY — Local owner-operator The Sapir Organization has received a $105 million loan for the refinancing of 261 Madison Avenue, a 398,000-square-foot office building in Midtown Manhattan. The 28-story building was constructed in 1954 and is home to tenants such as printing company RR Donnelley, coworking concept Industrious, labor union SAG-AFTRA and Japanese restaurant Zuma. The Sapir Organization also houses its headquarters within the building. Anthony Orso, Ari Schwartzbard and Clifford Welden of Newmark arranged the loan through Genesis Credit, a New York-based private real estate credit and investment firm, on behalf of ownership.

October 15, 2026

Development Loans Multifamily New York Northeast

Walker & Dunlop Arranges $203M Construction Loan for Manhattan Multifamily Project

by Taylor Williams October 14, 2026

NEW YORK CITY — Walker & Dunlop has arranged a $203 million construction loan for 50 Third Avenue, a 184-unit multifamily project that will be located in Manhattan’s East Village. The 17-story building will include 37 affordable housing units that will be reserved for households earning 80 percent or less of the area median income, as well as 12,529 square feet of ground-floor retail space. Amenities will include a fitness center with a yoga studio, sauna and cold plunge, a golf simulator, coworking space, resident lounge and multiple terraces. Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Sean Reimer and Sean Bastian of Walker & Dunlop arranged the floating-rate, interest-only loan through Ironsand. The borrower is a joint venture between SK Development and Kinsmen Property Group.

October 14, 2026

Loans Multifamily New York Northeast

CrownGuard Capital Provides $15.5M in Financing for Multifamily Repositioning Project in Rochester

by Taylor Williams October 14, 2026

ROCHESTER, N.Y. — CrownGuard Capital, a Los Angeles-based commercial lender, has provided $15.5 million in bridge and construction financing for a 95-unit multifamily repositioning project in Rochester. The address of the property was not disclosed, but the redevelopment will cover unit interiors, utility and mechanical systems, building exteriors and common areas. Larkin Cody and Robert Miller of CrownGuard originated the financing, which included an $8 million Commercial Property Assessed Clean Energy (C-PACE) component. The sponsor was also not disclosed.

October 14, 2026

Multifamily New York Northeast Student Housing

Leon Capital Provides Equity for 516-Bed Student Housing Project in Binghamton, New York

by Taylor Williams October 13, 2026

BINGHAMTON, N.Y. — A subsidiary of Dallas-based Leon Capital Group has provided an equity investment for The Marshall Binghamton, a 516-unit student housing project in upstate New York. The amount was not disclosed, but Leon Capital provided the funds in conjunction with another equity investment in a multifamily property in Nashua, New Hampshire. Combined, the two equity investments total roughly $19 million. The project, which is under construction and slated for a May 2027 delivery, is adjacent to the State University of New York Binghamton campus. The sponsor is Aptitude Development.

October 13, 2026

Leasing Activity New York Northeast Office

Center for Justice Innovation Signs 34,300 SF Office Lease Expansion, Extension in Midtown Manhattan

by Taylor Williams October 13, 2026

NEW YORK CITY — The Center for Justice Innovation has signed a 34,300-square-foot office lease expansion and extension at 520 Eighth Avenue in Midtown Manhattan. The nonprofit organization has been a tenant at the 26-story building since 1999 and is relocating from three non-contiguous floors to a portion of the 18th floor and the entire 19th floor via a 20-year extension. Stephen Powers and Jake Cinti of OPEN Impact Real Estate represented the tenant in the lease negotiations. Matthew Mandell represented the landlord, GFP Real Estate, on an internal basis.

October 13, 2026

Acquisitions Mixed-Use New York Northeast

JLL Negotiates $31M Sale of Brooklyn Mixed-Use Property

by Taylor Williams October 12, 2026

NEW YORK CITY — JLL has negotiated the $31 million sale of Kingswood Center, a 226,130-square-foot mixed-use property in Brooklyn’s Midwood neighborhood. Kingswood Center is a three-story building that includes retail space that is anchored by T.J. Maxx in addition to a 257-space parking garage. Ethan Stanton, Michael Mazzara and Brendan Maddigan of JLL represented the seller, Midland Loan Services, in the transaction. Scott Aiese and Alex Staikos, also with JLL, arranged acquisition financing on behalf of the buyer, Bridges Development Group.

October 12, 2026

Acquisitions Multifamily New York Northeast

Marcus & Millichap Brokers $16.6M Sale of Manhattan Apartment Building

by Taylor Williams October 12, 2026

NEW YORK CITY — Marcus & Millichap has brokered the $16.6 million sale of 312 Bowery, a 22-unit apartment building in Manhattan’s NoHo neighborhood. The five-story building, which includes a 3,900-square-foot commercial space that is leased to an art gallery, was originally constructed in 1920 and converted to residential use in 2004. John Stewart and Dylan Torey of Marcus & Millichap represented the seller, Bremen House Inc., in the transaction and procured the buyer, Allied Realty & Development Corp.

October 12, 2026

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