221 West 41 Street

Owner: Yellowstone Real Estate Investments

Acquired: March 24, 2022, $161.1 million

Debt: April 10, 2026, $155.9 million

Built: 1921

Renovated: 1999

SF: 235,300

Dwelling units: 0

No. of buildings: 1

Class: Tower Type (O4)

Floors: 25

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.

• The seller 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 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 M01248014 for 101 sqft building with 0 apartments in Garment District, Manhattan, on July 23, 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 M01201387 for 178 sqft building with 0 apartments in Garment District, Manhattan, on May 02, 2025.

Violations:

According to city public data, the properties have received $2,215 in OATH penalties in the last year.

Latest Stories:

• Yellowstone signs $155.9M construction loan for 192-unit conversion in Garment District (April 13, 2026)

• Yellowstone Real Estate signs $60M loan for Times Square office acquired through deed-in-lieu (September 21, 2022)

• Yellowstone acquires EPIC’s Times Square office building through $161M deed-in-lieu (March 24, 2022)

• Yellowstone buys $150M note secured by EPIC’s Times Square office, retail building (November 24, 2021)