221 West 41 Street
Garment District, Manhattan
Parcel ID (BBL): 1010130042
Acquired: March 24, 2022, $161.1 million
Debt: April 10, 2026, $155.9 million
Transactions:
• Yellowstone Real Estate Investments borrowed $155.9 million from Bank Hapoalim for 221 West 41st Street, Garment District, Manhattan on April 10, 2026.
• Yellowstone Real Estate Investments borrowed $60 million from Bank Hapoalim for 221 West 41st Street, Garment District, Manhattan on September 20, 2022.
• sold 221 West 41st Street, Garment District, Manhattan for $161.1 million to Yellowstone Real Estate Investments on March 24, 2022.
• Yellowstone Real Estate Investments on November 23, 2021 bought a loan with an original principal of $150 million from M&T Bank, signed by Frederick C. Ross, secured by 221 West 41st Street, Theater District/Times Square, Manhattan, when owned by the borrower.
Development:
• Yellowstone Real Estate Investments filed major alteration job M01220723 for 206,660 sqft R-2 building with 192 apartments in Garment District, Manhattan, on May 15, 2025.
• Tomer Posner filed alteration job M01377045 for 235,300 sqft E building with 0 apartments in Garment District, Manhattan, on May 07, 2026.
• Tomer Posner filed alteration job M01328528 for 220,000 sqft 56 building with 0 apartments in Garment District, Manhattan, on December 18, 2025.
• Jorge Garcia filed alteration job M01260423 for 2,400 sqft building with 1 apartments in Garment District, Manhattan, on August 02, 2025.
• Tomer Posner filed alteration job M01248015 for 123 sqft building with 0 apartments in Garment District, Manhattan, on July 23, 2025.
• Tomer Posner filed alteration job M01248014 for 101 sqft building with 0 apartments in Garment District, Manhattan, on July 23, 2025.
Most recent Schedule of Occupancy
Violations:
According to city public data, the properties have received $2,145 in OATH penalties in the last year.