NEW YORK CITY — JLL has provided a $69.5 million Freddie Mac loan for the refinancing of 100 Jane, a 148-unit apartment building in Manhattan’s West Village. Constructed in 1996, the nine-story building comprises 117 market-rate units, 30 affordable housing units and one superintendent unit. The property was fully occupied at the time of the loan closing. According to Apartments.com, 100 Jane exclusively offers studio floor plans. Amenities include a fitness center, sundeck and onsite laundry facilities. Geoff Goldstein, Steven Klein and Michael Shmuely of JLL originated the 10-year, fixed-rate loan on behalf of the borrower, Rockrose Development.
NEW YORK CITY — A partnership between two locally based owner-operators, Olmstead Properties and Vertex, has purchased 19 West 44th Street, a 302,000-square-foot office building in Midtown Manhattan. The 18-story building was 79 percent leased at the time of sale and recently received capital improvements to building systems, common areas and prebuilt suites. Tenants include Yipit, HARMAN International, Robert Derector, Corporate Service Corp., EOS Products and Bitwise. Will Silverman of Eastdil Secured Savills represented the seller, Savanna, in the transaction. Derby Lane Capital provided acquisition financing for the deal.
NEW YORK CITY — Ameriprise Financial Inc. has signed a 37,704-square-foot office lease renewal in Lower Manhattan. The financial advisory firm will keep its space on the 78th floor of One World Trade Center, where it has been a tenant since 2016, for another decade. Josh Kurlioff, Drew Braver, Heather Thomas and Nicole Estevez of Cushman & Wakefield represented the tenant in the lease negotiations. David Falk, Peter Shimkin, Hal Stein, Nathan Kropp and Paige Raisides of Newmark, along with internal agents Eric Engelhardt, Karen Rose and Sayo Kamara, represented the landlord, The Durst Organization, which developed the property in partnership with the Port Authority of New York & New Jersey.
NEW YORK CITY — Regional brokerage firm Atlantic Capital Partners (ACP) has negotiated the $31 million sale of 893 Broadway, a 25,442-square-foot office and retail building in Manhattan’s Flatiron District. The five-story building was fully leased at the time of sale. Mattress retailer Saatva occupies the lower-level and ground-floor retail spaces, and Chief, a private network for female executives, occupies the office space on floors two through five. Justin Smith, Chris Peterson, Sam Koonce and Danielle Turpin of ACP represented the undisclosed seller in the transaction.
NEW YORK CITY — Marcus & Millichap has brokered the $10.3 million sale of a 9,200-square-foot industrial building in The Bronx. The building at 935 Garrison Ave. is located within a Qualified Opportunity Zone and was fully vacant at the time of sale. According to LoopNet Inc., the building was constructed in 1949 and features a clear height of 16 feet, as well as both dock-high and grade-level doors. Jakub Nowak, Steven Siegel and Michael Maldonado of Marcus & Millichap represented the seller and procured the buyer in the transaction. Both parties requested anonymity.
NEW YORK CITY — Locally based developer Slate Property Group has received an $86.2 million loan for the refinancing of Dutch House, a 186-unit apartment complex located in the Long Island City area of Queens. Designed by Aufgang Architects and completed in 2022, Dutch House features studio, one- and two-bedroom units and 21,000 square feet of ground-floor retail space. Roughly 30 percent (56) of the apartments are earmarked as affordable housing. Amenities include a lobby with concierge service, fitness center, recreation room with a pool table and a rooftop terrace. Aaron Appel, Jonathan Schwartz, Dustin Stolly, Keith Kurland, Adam Schwartz and Sean Bastian of Walker & Dunlop arranged the loan through Ares Capital Management on behalf of Slate, which owns the property in partnership with Avenue Realty Capital. The loan retires 2023 debt issued by Los Angeles-based PCCP.
NEW YORK CITY — Local owner-operator George Comfort & Sons is underway on the renovation of 44 Wall Street, a 350,000-square-foot office building in Lower Manhattan’s Financial District. Designed by Gensler, the project will feature a reimagined lobby and a new, 13,000-square-foot tenant amenity center with conference facilities and a café, as well as elevated retail space. Renovations are expected to be complete before the end of the year. George Comfort & Sons owns the 24-story building, which was originally constructed in 1927, in partnership with Gaedeke Group.
MONTAUK, N.Y. — Knighthead Funding has provided a $65 million loan for the refinancing of Marram Montauk, a 96-room hotel and resort located on the tip of Long Island. Marram Montauk was built in 1967 and renovated in 2020. Guestrooms feature private terraces and balconies, and amenities include an oceanfront pool, private cabanas, curated wellness programming and onsite food-and-beverage options. The undisclosed sponsor acquired the property in 2022 and has since expanded on the capital improvements.
NEW YORK CITY — Locally based owner-operator Timber Equities has received a $27.5 million loan for the refinancing of The Sophia, a 60-unit apartment building in Manhattan’s Inwood neighborhood. The 11-story building was completed in fall 2025 and includes 1,700 square feet of retail space. Units come in one-, two- and three-bedroom floor plans, and amenities include a fitness center, resident lounge, package room and a rooftop deck. Max Hulsh of Institutional Property Advisors (IPA), a division of Marcus & Millichap, led the team that arranged the loan through LaSalle Investment Management on behalf of ownership.
NEW YORK CITY — Stout NYC will open a 13,900-square-foot restaurant in Manhattan’s NoMad district. Dos Caminos formerly occupied the multi-level space at 373 Park Avenue S. Henry Rossignol of CBRE represented the tenant in the lease negotiations. Ariel Schuster, Michael Paster and Jenna Kestan of Newmark, along with internal agents Steven Marvin and Jonathan Bock, represented the landlord, a joint venture between Olmstead Properties and Vertex Properties.
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