New York

Partnership Receives $97M in Financing for Multifamily Adaptive Reuse Project in Harlem

by Taylor Williams May 21, 2026

NEW YORK CITY — A partnership between LDG Group LLC, Infinite Horizons, L+M Development Partners and Urbane Development Group has received $97 million in financing for a multifamily adaptive reuse project in Harlem. Designed by Curtis & Ginsberg Architect, the project involves the conversion of the former Lincoln Correctional Facility into a 105-unit affordable housing complex with units that will be reserved for households earning between 40 and 100 percent of the area median income. The new housing complex will feature amenities such as a community room, children’s playroom, coworking lounge and multiple terraces, as well as 6,000 square feet of retail space. The financing includes a construction loan from M&T Bank and a variety of public-sector subsidies. Demolitions and abatements of existing structures are set to begin in June and to last about 12 months. Full completion is expected in mid-to-late 2029.

May 21, 2026

Development Multifamily New York Northeast

Southern Land Begins Leasing 177-Unit Multifamily Project in White Plains, New York

by Taylor Williams May 21, 2026

WHITE PLAINS, N.Y. — Nashville-based developer Southern Land Co. has begun leasing Juliette, a 177-unit multifamily project located north of New York City in White Plains. Juliette offers studio, one-, two- and three-bedroom units that range in size from 626 to 1,868 square feet. Amenities include a pool, fitness center, clubroom with a demonstration kitchen, coworking lounge, lawn gaming area and outdoor grilling and dining stations. Rents start at $2,640 per month for a studio apartment.

May 21, 2026

Industrial Leasing Activity New York Northeast

Helpsy Signs 30,500 SF Industrial Lease in Elmsford, New York

by Taylor Williams May 21, 2026

ELMSFORD, N.Y. — Helpsy, a regional collector of recyclable clothing, has signed a 30,500-square-foot industrial lease in Elmsford, located north of New York City in Westchester County. The lease term is 10 years, and the space is located within the newly renovated building at 700 Executive Blvd. Michael Rao of New York Commercial Realty Group represented the tenant in the lease negotiations. Brendan Hickey internally represented the landlord, GHP Office Realty.

May 21, 2026

Affordable Housing Development Loans Multifamily New York Northeast Seniors Housing

Merchants Capital Provides $26.3M in Financing for Historic Manhattan Multifamily Property

by Taylor Williams May 20, 2026

NEW YORK CITY — Merchants Capital has provided $26.3 million in financing for the rehabilitation and conversion (to affordable seniors housing) of Three Arts Club, a 62-unit historic multifamily property on Manhattan’s Upper West Side. Three Arts Club was originally built in the 1920s as dormitory-style housing for aspiring female artists. Upon completion of the rehabilitation and conversion, the property will offer housing for residents age 62 and above who earn 50 percent or less of the area median income. In addition, 25 units will be set aside for formerly homeless individuals. The financing consists of an $18.4 million Freddie Mac Unfunded Forward permanent loan and a $7.9 million construction loan from Merchants Bank. The owner is nonprofit organization West Side Federation for Senior & Supportive Housing Inc.

May 20, 2026

Leasing Activity New York Northeast Office

MiQ Digital USA Signs 18,600 SF Office Lease Expansion in Midtown Manhattan

by Taylor Williams May 20, 2026

NEW YORK CITY — MiQ Digital USA, an AI-powered advertising company, has signed an 18,600-square-foot office lease expansion at 261 Fifth Avenue, a 25-story, 450,000-square-foot building in Midtown Manhattan. A tenant at the building since 2018, MIQ will relocate from its spaces on the 25th and 26th floors to the entire 20th and 21st floors, as well as part of the 19th floor, yielding a total new footprint of 42,000 square feet. Chase Gordon and Tyler Marshall of Transwestern, along with Josh Kurstin of Colliers, represented MIQ in the lease negotiations. Andrew Wiener, Kyle Young and Tim Parlante represented the landlord, The Feil Organization, on an internal basis.

May 20, 2026

Leasing Activity New York Northeast Office

Steadfast Financial Signs 21,640 SF Office Lease Renewal in Midtown Manhattan

by Taylor Williams May 19, 2026

NEW YORK CITY — Steadfast Financial LP has signed a 21,640-square-foot office lease renewal in Midtown Manhattan. The investment advisory firm will continue to occupy the entire 20th and 21st floors at 450 Park Avenue, a 33-story building that was originally constructed in 1972. Ben Friedland and Taylor Scheinman of CBRE represented the tenant in the lease negotiations. The landlord, SL Green, was self-represented.

May 19, 2026

Loans Multifamily New York Northeast Top Stories Walker & Dunlop

Naftali, Access Real Estate Secure $374M Refinancing for Waterfront Multifamily Community in Brooklyn

by Abby Cox May 19, 2026

NEW YORK CITY — Locally based developer Naftali Group, along with Access Real Estate, the real estate investment arm of Access Industries, has secured $374 million in refinancing for Phase I of Williamsburg Wharf, an 850-unit multifamily project under development in Brooklyn. Upon completion, Williamsburg Wharf will comprise five 22-story luxury towers consisting of 850 residences, with a mix of condos and rental homes. The property will span approximately 1 million square feet. Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Sean Reimer, Ari Hirt and Stanley Cayre of Walker & Dunlop arranged the financing through Barings to refinance Two, Three and Four Williamsburg Wharf. Since opening last summer, more than 90 percent of the roughly 500 apartments are leased. One Williamsburg Wharf, the project’s condominium component, has also welcomed residents. “Williamsburg Wharf offers truly unprecedented waterfront living in New York City, and we’re thrilled to see our vision come to life and how quickly renters and buyers have embraced it,” says Miki Naftali, CEO and chairman of Naftali Group. “We remain incredibly optimistic about the long-term future of this development and our role in the continued evolution of the Williamsburg waterfront.” Each building offers private entrances and …

May 19, 2026

Loans Multifamily New York Northeast

Dermot Co. Receives $355M Loan for Refinancing of Upper Manhattan Apartment Tower

by Taylor Williams May 18, 2026

NEW YORK CITY — The Dermot Co., a locally based owner-operator, has received a $355 million loan for the refinancing of 21 West End Avenue, a 616-unit apartment tower on Manhattan’s Upper West Side. Dermot completed the 48-story building, which includes 127 affordable housing units, in 2016. Residences come in studio, one-, two- and three-bedroom floor plans, and amenities include an indoor pool, fitness center, resident lounge, game room, rooftop terrace, children’s playroom and a pet run. Mizuho Americas provided the financing, specific terms of which were not disclosed.

May 18, 2026

Leasing Activity New York Northeast Office

Latham & Watkins Signs 131,000 SF Office Lease Expansion in Midtown Manhattan

by Taylor Williams May 18, 2026

NEW YORK CITY — Latham & Watkins has signed an 11-year 131,000-square-foot office lease expansion in Midtown Manhattan. The law firm now occupies 251,000 square feet at 1285 Avenue of the Americas. Scott Gamber, Craig Reicher and Emily Chabrier of CBRE represented the tenant in the lease negotiations. Robert Alexander, Ryan Alexander, Taylor Callaghan, Alexander Benisatto and Walter Graham of CBRE, along with Patrick Murphy of JLL and internal agents William Elder and Daniel Birney, represented the landlord, RXR.

May 18, 2026

Leasing Activity New York Northeast Office

Chimera Investment Corp. Signs 22,000 SF Office Lease in Midtown Manhattan

by Taylor Williams May 15, 2026

NEW YORK CITY — Chimera Investment Corp. has signed a 15-year, 22,000-square-foot office lease in Midtown Manhattan. The local REIT is relocating from a 15,000-square-foot space at 630 Fifth Avenue to the entire 32nd and parts of the 33rd and 34th floors at 1 Rockefeller Plaza, a 34-story building that was originally constructed in 1936. Conor Denihan and Connor DeSimone of CBRE represented the tenant in the lease negotiations. Blythe Kinsler and Kate Walker internally represented the landlord, Tishman Speyer.

May 15, 2026

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