448 West 19 Street

Owner: Jp Real Estate Group Limited

Acquired: February 20, 2026, $20 million

Debt: July 11, 2025, $20 million

Built: 1910

SF: 19,100

Dwelling units: 40

No. of buildings: 2

Class: Semi-fireproof (Without Stores) (D1)

Floors: 6

Legacy BBLs: 1007160061

Transactions:

• Icon Realty Management sold 448-450 West 19th Street, Chelsea, Manhattan for $20 million to JP Real Estate Group Limited on February 20, 2026.

• Icon Realty Management and Sunny Capital Management sold 450 West 19th Street and 446 West 19th Street, Chelsea, Manhattan for $10.7 million to Icon Realty Management on July 21, 2025.

• Icon Realty Management borrowed $20 million from Derby Copeland Capital for 448 West 19th Street and 446 West 19th Street, Chelsea, Manhattan on July 11, 2025.

• Icon Realty Management borrowed $19.3 million from Series 2019-Icon for 448 West 19th Street and 446 West 19th Street, Chelsea, Manhattan on June 12, 2024.

Development:

• Jeffrey Levine filed major alteration job 120884052 for 94,423 sqft R-2 building with 29 apartments in Chelsea, Manhattan, on November 03, 2011.

• Terrence Lowenberg filed alteration job M01100538 for 337 sqft RES building with 40 apartments in Chelsea, Manhattan, on September 11, 2024.

• Terrence Lowenberg filed alteration job 123601067 for J-2 building with 29 apartments in Chelsea, Manhattan, on May 10, 2018.

• Terrence Lowenberg filed alteration job 123149244 for J-2 building with 40 apartments in Chelsea, Manhattan, on January 25, 2018.

• Terrence Lowenberg filed alteration job 140711200 for J-2 building with 40 apartments in Chelsea, Manhattan, on October 26, 2017.

• Terrence Lowenberg filed alteration job 140604219 for J-2 building with 40 apartments in Chelsea, Manhattan, on February 09, 2017.

Violations:

According to city public data, the properties have received $780 in OATH penalties in the last year.