Genesis Capital
(Rithm Capital)
Lender
15303 Ventura Boulevard, Suite 700 Sherman Oaks, California 91403
People:
Genesis Capital NYC portfolio
$4.6 billion -office 83%, condo 16%; Manhattan 100%*
36th largest portfolio by dollar value
6,463,700 sqft – office 88%, condo 11%; Manhattan 100%
65th largest by SF
6 properties – Manhattan 100%
1592th largest
Notes
Genesis Capital is a division of Rithm Capital.
Company Activity past 24 months:
Buyer company: 1 for $3.6 billion
Borrower company: 2 for $307.5 million
Lender company: 18 for $285.5 million
Top Ten Associated Companies:
JPMorgan Chase (2)
Top Ten Associated People:
Jessica Wong (1), Richard T. Reczka (1)
Recent activity as company:
• Ascenterra Development borrowed $8 million from Genesis Capital for 32 Douglass Street, Carroll Gardens, Brooklyn on April 29, 2026.
• Rithm Capital borrowed $282.5 million from JPMorgan Chase for 1325 Avenue Of The Americas on April 09, 2026.
• Artifact borrowed $14.4 million from Genesis Capital for 230 Broome Street on March 26, 2026.
• Artifact and Ashok Khubani borrowed $38.2 million from Genesis Capital for 1865 Amsterdam Avenue on March 03, 2026.
• Artifact and Ashok Khubani borrowed $85.5 million from Genesis Capital for 636 West 158 Street on February 18, 2026.
• Watermark Capital Group borrowed $7.7 million from Genesis Capital for 106 Downing Street on January 29, 2026.
• Movcap borrowed $7.5 million from Genesis Capital for 211 West 85 Street on January 27, 2026.
• Matvey Mulakandov borrowed $6.9 million from Genesis Capital for 823 Maple Street, East Flatbush, Brooklyn on January 22, 2026.
• Ascenterra Development and Paula Stolowicz borrowed $7.6 million from Genesis Capital for None on January 16, 2026.
• Rithm Capital borrowed $25 million from JPMorgan Chase for 1325 Avenue Of The Americas on December 19, 2025.
Latest Stories:
• Rithm Capital signs $282.5M refi with Chase for office in Midtown West (April 14, 2026)
• Artifact pays $17.8M to Soft Stone, Eisner Bros. for LES dev site (April 09, 2026)
• Artifact, Khubani sign $38.2M refi with Genesis Capital for properties in Harlem (March 19, 2026)
• Ascenterra Development pays $6.4M for 5-unit walkup in Cobble Hill (February 02, 2026)
• Paramount signs new $120M loan with New York Life for office in Midtown East (December 04, 2025)
• Parkview Properties pays $8.3M for two buildings with 17 unit in Bushwick (September 25, 2025)
• Avraham Azoulay pays $2.4M for 8-unit dev site in Gowanus (August 27, 2025)
Properties: