Emigrant Bank

(New York Private Bank & Trust, Emigrant Savings Bank, Emigrant Realty Finance, Emigrant Funding Corporation, Emigrant)

Lender

Bank

6 E 43rd St New York, NY 10017

People:

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Notes

New York Private Bank & Trust is the holding company for Emigrant Savings Bank and other affiliates, all controlled by the Milstein family.

Company Activity past 24 months:

Seller company: 2 for $139.5 million

Lender company: 2 for $28.2 million

Top Ten Associated Companies:

Neil Hershman (1), Vanbarton Group (1), Mohammad Malik (1)

Top Ten Associated People:

Neil Hershman (1), Damiano Buffa (1), Mohammad Malik (1)

Recent activity as company:

Hawkins Way Capital borrowed $24 million from Emigrant Bank for 83 East 3 Street on June 16, 2026.

Emigrant Bank sold None for $4.5 million to Neil Hershman on May 28, 2026.

Emigrant Bank sold 9 East 42 Street for $135 million to Vanbarton Group on September 29, 2025.

Nasir Iqbal borrowed $4.2 million from Emigrant Bank for 179-41 Hillside Avenue on May 27, 2025.

Madison Realty Capital borrowed $35 million from Knighthead Funding for 41-80 Main Street on July 09, 2024.

Island Capital Group borrowed $39.5 million from Emigrant Bank for 41 West 21 Street on June 04, 2024.

Madison Realty Capital borrowed $15 million from Emigrant Bank for 41-80 Main Street on February 07, 2024.

Ciro Campagnoli borrowed $15 million from Emigrant Bank for 150 East 56th Street, 140 East 56th Street, 140 East 56th Street, 140 East 56th Street, 140 East 56th Street, and others, Midtown East, Manhattan on December 30, 2022.

AJ Capital Partners borrowed $76.5 million from ACRES Capital for 22 North Loop Road on September 30, 2022.

Nilesh S. Shah borrowed $9.5 million from First National Bank of Long Island for 425 East 80 Street on October 29, 2021.

Latest Stories:

• 16 Handles owner pays $4.5M to Emigrant Bank for retail in East Village, plans froyo location (June 19, 2026)

• Cornell sues to confirm AJ Capital’;s Roosevelt Island hotel lease is terminated (May 01, 2026)

• ACRES Capital alleges AJ Capital default on $76.5M loan secured by Roosevelt Island hotel lease (April 24, 2026)

• United Construction &; Development pays $64.2M to Madison Realty for office, retail in Flushing (December 10, 2025)

• Vanbarton files plans for 440 units at Midtown East conversion purchased for $135M (October 08, 2025)

• Vanbarton Group pays $135M to Emigrant Bank for office-to-resi conversion in Grand Central (October 06, 2025)

• Nasir Iqbal pays $9M for retail in Jamaica Estates (June 11, 2025)

• Island Capital Group pays $51.8M for 116-unit rental in Flatiron District (June 14, 2024)

• Madison Realty Capital acquires Myint Kyaw’;s Flushing retail through bankruptcy, $80M transfer value (February 19, 2024)

• Rainero family files $25M bankruptcy at historic Village building (August 23, 2023)

Court Records:

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