New York

Moinian Group Begins Leasing 38-Story Apartment Building in Lower Manhattan

by Taylor Williams April 3, 2026

NEW YORK CITY — Locally based owner-operator The Moinian Group has begun leasing ARIA 7 Platt, a 38-story apartment building located in the Financial District of Lower Manhattan. Designed by Hill West with interiors by Rockwell Group and built by AECOM Tishman, ARIA 7 Platt houses 250 units in studio, one-, two- and three-bedroom floor plans, well as penthouse residences. Indoor amenities include a fitness center, library, work pods, lounges, private dining spaces with outdoor terrace access, a gaming and virtual reality area and a communal kitchen. Outside, residents have access to a rooftop sundeck, garden lounge, movie lounge, dining areas and outdoor coworking space. Information on starting rents was not disclosed.

April 3, 2026

New York Northeast Office

JLL Arranges $62M Equity Investment for Manhattan Office Building

by Taylor Williams April 3, 2026

NEW YORK CITY — JLL has arranged a $62 million preferred equity investment for 51 Astor Place, a 386,000-square-foot office building in Manhattan’s NoHo neighborhood. Designed by architect Fumihiko Maki, the 12-story building was completed in 2013 and is leased to tenants such as Intuit, Perceptive Advisors and Tudor Investments. Kelly Gaines, Drew Isaacson, Christopher Pratt and Jennifer Zelko of JLL represented the sponsor, a joint venture between Edward J. Minskoff Equities Inc. and LaSalle Investment Management, in securing the investment from Meadow Partners.

April 3, 2026

Leasing Activity New York Northeast Office

Dandy Signs 37,400 SF Office Headquarters Lease in Lower Manhattan

by Taylor Williams April 3, 2026

NEW YORK CITY — Dandy has signed a 37,400-square-foot office headquarters lease in the Financial District of Lower Manhattan. The dental technology company initially leased 18,700 square feet on the 30th floor of the building at 22 Cortlandt St. in October 2025 and then doubled its footprint by leasing the entire 31st floor. Peter Johnson and Alexis Odgers of Avison Young represented Dandy in the lease negotiations. Barrett Stern of B Stern CRE represented the landlord, a partnership between entities doing business as Mayore Estates LLC and 80 Lafayette Associates LLC.

April 3, 2026

Development Loans Multifamily New York Northeast Office

Naftali Provides $203M in Financing for Office-to-Residential Conversion Project in Manhattan

by Taylor Williams April 2, 2026

NEW YORK CITY — Naftali Credit Partners, an alternative lender and subsidiary of global investment firm Naftali Group, has provided $203 million in financing for an office-to-residential conversion project in Midtown Manhattan. The financing comprises a $167 million senior loan and a $36 million mezzanine loan. The borrower is private equity firm Yellowstone Real Estate Investments, and the property in question is the 25-story building at 221 West 41st St., which was originally constructed in 1925. The converted building will include a 25 percent affordable housing component and amenities such as a fitness center, spa, golf simulator, lounge and an outdoor terrace. A construction timeline was not announced.

April 2, 2026

Loans New York Northeast Office Retail

GFP Real Estate Receives $83M Loan for Refinancing of Manhattan Office, Retail Building

by Taylor Williams April 2, 2026

NEW YORK CITY — Local owner-operator GFP Real Estate has received an $83 million loan for the refinancing of 100 Crosby Street, an office and retail building in Manhattan’s SoHo neighborhood. The six-story, 175,000-square-foot building was originally constructed in 1884 and was fully leased at the time of the loan closing. Office users include Runway Growth Capital, Little Spoon, Shine Capital and Empire Entertainment, while American Eagle and Canadian fashion retailer Aritzia anchor the building’s retail component. TD Bank and BNY (formerly Bank of New York Mellon) provided the loan, which was arranged by Paul Talbot of Newmark.

April 2, 2026

Leasing Activity New York Northeast Office

South African Consulate Signs 31,494 SF Office Lease in Midtown Manhattan

by Taylor Williams April 2, 2026

NEW YORK CITY — The South African Consulate has signed a 31,494-square-foot office lease in Midtown Manhattan. The diplomatic organization will occupy the penthouse space at 805 Third Avenue, a 31-story building. Michael Goldman of Cresa represented the consulate in the lease negotiations. Glenn Isaacson, Tony Builder and Ava Beganovic of Bradford Allen, along with internal agent Marc Horowitz, represented the landlord, Cohen Brothers Realty Corp.

April 2, 2026

Loans Multifamily New York Northeast

JLL Arranges $136M in Financing for Brooklyn Apartment Building

by Taylor Williams April 1, 2026

NEW YORK CITY — JLL has arranged $136 million in financing for 655 Union, a 193-unit apartment building in the Gowanus area of Brooklyn. Details on the debt versus equity components of the financing were not disclosed, but the financing includes a Freddie Mac loan, and CenterSquare Investment Management is now part of the capital stack. Completed in 2025, the 15-story building houses 143 market-rate units and 50 affordable housing units, as well as 14,764 square feet of retail space. Amenities include a pool with cabanas, fitness center with yoga and Pilates studios, wellness space, coworking areas, a media room, private dining room, sunset garden and 24/7 doorman and concierge services. Christopher Peck, Peter Rotchford, Michael Shmuely and Nicco Lupo of JLL handled the transaction on behalf of the owner, a partnership between Avery Hall Investments and Gindi Capital.

April 1, 2026

Multifamily New York Northeast

GH Management Completes 82-Unit Multifamily Project in Brooklyn

by Kristin Harlow April 1, 2026

NEW YORK CITY — Local developer GH Management has completed The Carroll, an 82-unit multifamily project in Brooklyn. Designed by IMC Architecture and located at 33 Fourth St. in the Carroll Gardens area, the eight-story building houses studio, one- and two-bedroom units. Amenities include a fitness center with a yoga studio, lobby lounge, pet spa, coworking space, entertainment room and a landscaped terrace. Rents start at roughly $2,800 per month for a studio apartment.

April 1, 2026

Leasing Activity New York Northeast Retail

Convene Hospitality Group to Open 26,000 SF Immersive Event Venue in Manhattan’s Flatiron District

by Taylor Williams April 1, 2026

NEW YORK CITY — Convene Hospitality Group will open a 26,000-square-foot immersive event venue at 120 E. 23rd St. in Manhattan’s Flatiron District. Known as The Aperture, the venue will feature one of New York City’s largest projection-mapping environments and will be housed across two floors of the building, which is owned by Williams Equities. A tentative opening date was not announced.

April 1, 2026

Loans New York Northeast Top Stories

SL Green Receives $1.6B CMBS Refinancing for Manhattan Office Property

by Taylor Williams April 1, 2026

NEW YORK CITY — Locally based real estate giant SL Green Realty Corp. (NYSE: SLG) has received $1.6 billion in CMBS debt for the refinancing of One Madison Avenue, an office property in Manhattan’s Flatiron District. One Madison Avenue overlooks Madison Square Park and combines a restored historic podium with a newly constructed, 550,000-square-foot tower. The property was fully leased at the time of the loan closing to tenants such as IBM, Franklin Templeton Cos., Palo Alto Networks, FanDuel Group, Sigma Computing and Harvey AI. Amenities at the property include Le Jardin Sur Madison, an event space and rooftop garden; La Tête d’Or by Daniel, an upscale culinary offering from Chef Daniel Boulud; and The Commons, a 7,000-square-foot tenant-only lounge. Retail offerings include a 56,000-square-foot Chelsea Piers Fitness along with a collection of fast-casual eateries. Jordan Roeschlaub, Nick Scribani and Ricky Braha of Newmark arranged the five-year, fixed-rate financing, which was priced at a spread of 181 basis points over the U.S. Treasury index, resulting in an all-in interest rate of 5.81 percent. The debt replaces a prior $1.25 billion construction facility. Wells Fargo Bank NA led the financing execution, with participation from Goldman Sachs, J.P. Morgan, Bank of America, …

April 1, 2026

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