GFP Real Estate
(Newmark Holdings)
515 Madison Avenue, 15th Floor New York, NY 10022
People:
GFP Real Estate NYC portfolio
$3.6 billion -office 66%, condo 19%; Manhattan 98%*
55th largest portfolio by dollar value
7,178,641 sqft – office 85%, condo 13%; Manhattan 97%, Brooklyn 1%
52th largest by SF
29 properties – Manhattan 90%, Bronx 3%, Brooklyn 3%
333th largest
1,328 residential units – Manhattan 100%
252th largest by residential units
0 foreclosures, 0 bankruptcies, 5 other court cases.
Other Links:
https://www.prnewswire.com/news-releases/newmark-holdings-becomes-gfp-real-estate-300529743.html
Notes
GFP Real Estate is the holding company for the Gural family, which founded the brokerage Newmark.
Company Activity past 24 months:
Buyer company: 2 for $385 million
Seller company: 1 for $27 million
Borrower company: 8 for $904.8 million
Developer (new building or major alteration): 3 for 1,037,990 square feet
Top Ten Associated Companies:
Apple Bank for Savings (8), Fortress Investment Group (3), JPMorgan Chase (3), Brodsky Organization (2), GFP Real Estate (2), Sorgente Group (2), Derby Lane Partners (2), BDT & MSD Partners (1), Northwind Group (1), Customers Bank (1)
Top Ten Associated People:
Cynthia Wang (9), J. Dean Amro (2), Jennifer Smith (1), Ran Eliasaf (1), Ursula Flores (1), Gregory Fantauzzi (1), Patricia Visone (1), Adi Chugh (1), Beth Goldman (1), Jeffrey Horowitz (1)
Recent activity as company:
• GFP Real Estate borrowed $191.5 million from Derby Lane Partners for 42 Exchange Place on January 30, 2026.
• GFP Real Estate borrowed $63.3 million from Derby Lane Partners for 42 Exchange Place on January 30, 2026.
• Edge Fund Advisors and HSBC sold 1540 Broadway, Times Square, Manhattan for $237.5 million to BDT & MSD Partners and GFP Real Estate on December 31, 2025.
• GFP Real Estate borrowed $86.5 million from Apple Bank for 41 East 53 Street on December 30, 2025.
• GFP Real Estate for David Kaye filed plans for new building for 57,984 sqft in Hell’s Kitchen, Manhattan, on December 18, 2025.
• GFP Real Estate borrowed $83 million from TD Bank for 566 Broadway on December 15, 2025.
• GFP Real Estate for Miroslaw Karwowski filed plans for major alteration for 255,799 sqft in Financial District, Manhattan, on July 02, 2025.
• GFP Real Estate and TPG Real Estate Partners borrowed $222.8 million from BDT & MSD Partners for 22 Ann Street on December 20, 2024.
• GFP Real Estate borrowed $50 million from Northwind Group for 42 Exchange Place on December 20, 2024.
• GFP Real Estate sold 121 West 57 Street for $27 million to Zar Property NY on November 25, 2024.
Latest Stories:
• GFP files plans for 51-unit building in Hell’s Kitchen (December 22, 2025)
• Zar Property signs $36M loan for recent purchases in Midtown West, Flatiron (December 16, 2024)
• Zar Property NY pays $27M to GFP for office in Midtown West (December 06, 2024)
• Brodsky, GFP, Sorgente plan 39 condo units in Flatiron Building (September 06, 2024)
• GFP, TPG submit plans for 798-unit conversion of FiDi commercial tower (August 12, 2024)
Court Records:
Properties: