New York

Related Cos. Underway on Affordable Housing Preservation, Expansion Project in Lower Manhattan

by Taylor Williams September 14, 2026

NEW YORK CITY — Related Cos. is underway on an affordable housing preservation and expansion project at Tribeca Park, a 27-story, 396-unit mixed-income housing building in Lower Manhattan. Related Cos. developed Tribeca Park in 1999 via a ground lease with The Battery Park City Authority (BPCA), and the contract has been amended to preserve 81 units as affordable to households earning up to 50 percent of the area median income (AMI) and to add 20 new units affordable to households earning up to 130 percent of AMI. These new affordability protections will run through 2069 and increase the proportion of income-restricted units with Tribeca Park from 20 percent to 25 percent.

September 14, 2026

Acquisitions Mixed-Use New York Northeast

Marcus & Millichap Brokers $4.5M Sale of Mixed-Use Portfolio in Poughkeepsie, New York

by Taylor Williams September 14, 2026

POUGHKEEPSIE, N.Y. — Marcus & Millichap has brokered the $4.5 million sale of a portfolio of three mixed-use properties in Poughkeepsie, located north of New York City. The 28,990-square-foot portfolio consists of a mixed-use building with four commercial spaces and eight residential units, a 15-unit residential building with a commercial space and a five-unit residential structure. Brian Kaplan and John Horowitz of Marcus & Millichap represented the seller, an entity doing business as GSP One LLC, in the transaction.

September 14, 2026

Development Loans Multifamily New York Northeast Office Top Stories

Northwind Group Provides Two Loans Totaling $427M for New York City Office-to-Residential Conversion Projects

by Taylor Williams September 14, 2026

NEW YORK CITY — Northwind Group, a Manhattan-based real estate private equity firm and debt fund manager, has provided two loans totaling $427 million for a pair of office-to-residential conversion projects in New York City. In the first deal, Northwind funded a $208 million loan for the partial conversion of 141 Willoughby Street, a 24-story 355,000-square-foot office building in downtown Brooklyn. The borrower, a joint venture between Capstone Equities and BH3 Fund Advisors, plans to redevelop the office space on floors eight through 23 into 239 apartments. Ownership plans to maintain office usage across the first seven floors of 141 Willoughby, which was originally constructed in 2023 but never occupied. Future residents will have access to amenities such as a fitness center, entertainment lounge, coworking space, wellness center, golf simulator, sports court, games room and a children’s playroom, along with landscaped terraces on the 10th and 20th floors and a full-time attended lobby. Lastly, the new ownership of 141 Willoughby, which has rebranded the building as 385 Gold, will maintain separate entrances and exits between the office and residential components. An expected completion date was not announced. “[The building at] 141 Willoughby Street was designed to an institutional standard, …

September 14, 2026

Acquisitions New York Northeast Office

SL Green Sells Lower Manhattan Office Building for $226M

by Taylor Williams September 11, 2026

NEW YORK CITY — SL Green Realty Corp. (NYSE: SLG) has sold 110 Greene Street, a 223,000-square-foot office building in Lower Manhattan, for $226 million. The 13-story building was originally constructed as two structures by New York City merchant Charles “Broadway” Rouse between 1908 and 1920 and later combined into a single structure that is known locally as The SoHo Building. Tenants include Avoro Capital, Birkenstock and apparel retailer UNTUCKit. Gary Phillips, Will Silverman and Carly Shoulberg of Eastdil Secured Savills advised SL Green on the transaction. The buyer was not disclosed.

September 11, 2026

Leasing Activity New York Northeast Office

McDermott Will & Schulte Signs 150,000 SF Office Lease in Midtown Manhattan

by Taylor Williams September 11, 2026

NEW YORK CITY — McDermott Will & Schulte has signed a 150,000-square-foot office lease in Midtown Manhattan. The global law firm will occupy the entirety of floors 31 through 37 at 343 Madison Avenue, a 46-story, 930,000-square-foot building that is currently under construction. The firm’s footprint will encompass some 330 offices and will include an outdoor terrace. Occupancy is slated for fall 2029. BXP, the REIT formerly known as Boston Properties, owns 343 Madison. No third-party brokers were involved in the lease negotiations.

September 11, 2026

Acquisitions Multifamily New York Northeast

Marcus & Millichap Brokers $5M Sale of Upper Manhattan Apartment Building

by Taylor Williams September 11, 2026

NEW YORK CITY — Marcus & Millichap has brokered the $5 million sale of a 35-unit apartment building in Upper Manhattan. The five-story building at 120 Haven St. houses six one-bedroom units, 25 two-bedroom residences and four three-bedroom apartments. Seth Glasser, Michael Fusco, Christopher Mehran and Jacob Kahn of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction. Kahn also secured acquisition financing for the deal.

September 11, 2026

Loans New York Northeast Office

Global Holdings Receives $382.4M Loan for Refinancing of Midtown Manhattan Office Building

by Taylor Williams September 10, 2026

NEW YORK CITY — Locally based owner-operator Global Holdings has received a $382.4 million loan for the refinancing of 120 Park Avenue, a 620,000-square-foot office building in Midtown Manhattan. Wells Fargo and LBBW co-provided the loan. Bloomberg LP serves as the building’s anchor tenant, occupying roughly 500,000 square feet across 20 stories and recently extending its commitment to the building through 2040. Global Holdings is currently undertaking capital improvements to the building, including a lobby renovation and elevator modernization. The firm also recently completed window upgrades on the fifth and sixth floors.

September 10, 2026

Leasing Activity New York Northeast Office

Charlie Health Signs 28,424 SF Office Lease in Midtown Manhattan

by Taylor Williams September 8, 2026

NEW YORK CITY — Charlie Health has signed a 28,424-square-foot office lease in Midtown Manhattan. The provider of virtual behavioral healthcare services will occupy the entire 21st floor at 2 Park Avenue, a 1.2 million-square-foot building. Alex Chudnoff and Ian Lipman of JLL represented the tenant in the lease negotiations. Mitch Konsker, Cynthia Wasserberger, Kristen Morgan and Michael Pallas, also with JLL, along with internal agent Franco Rauseo, represented the landlord, an affiliate of fashion company Haddad Brands.

September 8, 2026

Leasing Activity New York Northeast Office

The Malin to Open 19,400 SF Coworking Space in Manhattan’s NoDo District

by Taylor Williams September 8, 2026

NEW YORK CITY — The Malin, a provider of flexible workspace solutions, will open a 19,400-square-foot coworking space in Manhattan’s NoDo district. The lease term is 15 years, and the space spans the entire fifth floor at 10 Astor Place, a seven-story, 156,000-square-foot building. John Mears of local brokerage firm RUE represented The Malin in the lease negotiations. David Kaye and Neith Stone represented the landlord, GFP Real Estate, on an internal basis. The opening is slated for early 2027.

September 8, 2026

Acquisitions Multifamily New York Northeast

Marcus & Millichap Brokers $11.4M Sale of Lower Manhattan Apartment Building

by Taylor Williams September 4, 2026

NEW YORK CITY — Marcus & Millichap has brokered the $11.4 million sale of 196 Bowery, a seven-unit apartment building located in the NoLita neighborhood of Lower Manhattan. The building includes a ground-floor retail space that is leased to Genyth Tattoo. Matt Fotis, Colton Traynham and Michael Weinstein of Marcus & Millichap represented the seller, an entity doing business as Bowery Square Corp., in the transaction and procured the buyer, Javeri Capital.

September 4, 2026

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