J. Safra Real Estate
(J. Safra Sarasin Asset Management, JSRE Acquisitions, J. Safra Group)
550 5th Ave New York, NY 10036-5007
People:
J. Safra Real Estate NYC portfolio
$198.1 million -condo 36%, elevator 26%, mixed-use 20%; Manhattan 99%*
1057th largest portfolio by dollar value
88,777 sqft – elevator 37%, condo 21%, office 17%; Manhattan 100%
2666th largest by SF
8 properties – Manhattan 100%
1389th largest
15 residential units – Manhattan 100%
4357th largest by residential units
Notes
J. Safra Real Estate is the real estate arm of The J. Safra Group. The banking divisions are Safra National Bank of New York; J. Safra Sarasin in Switzerland; and Banco Safra in Brazil.
Company Activity past 24 months:
Buyer company: 2 for $47.4 million
Seller company: 4 for $75.3 million
Borrower company: 2 for $25.5 million
Top Ten Associated Companies:
Banque J. Safra Sarasin (2), Sollevare Group (1), Michael Ostad (1), Edward Ostad (1), Alo Yoga (1), J. Safra Sarasin (1), Mehrdad Kahan (1), Said Makhany (1)
Top Ten Associated People:
Mathieu Beaumont (2), Jules Moor (1), Jake Movsovitz (1), Michael Ostad (1), Ju Hwan Oh (1), Michel Priester (1), Michael Kahan (1), Saied Makhany (1)
Recent activity as company:
• J. Safra Real Estate sold None for $5.1 million to Sollevare Group on July 01, 2026.
• Longchamp sold None for $40 million to J. Safra Real Estate on March 19, 2026.
• J. Safra Real Estate sold 142 Spring Street for $43.7 million to Alo Yoga on January 15, 2026.
• J. Safra Real Estate sold 161 Prince Street for $18 million to Michael Ostad and Edward Ostad on January 13, 2026.
• J. Safra Real Estate sold 23 East 22nd Street, Flatiron District, Manhattan for $8.5 million to Mehrdad Kahan and Said Makhany on December 23, 2025.
• J. Safra Real Estate borrowed $14.3 million from J. Safra Sarasin for 181 Canal Street on November 15, 2025.
• JSRE Acquisitions borrowed $11.2 million from Banque J. Safra Sarasin for 21 East 62 Street on November 08, 2024.
• Ashkenazy Acquisition, 101 Holdings and Wharton Properties sold 21 East 62 Street for $7.4 million to JSRE Acquisitions on October 10, 2024.
• Rockfeld Group sold 181 Canal Street for $18.6 million to J. Safra Group on November 17, 2021.
• Rockfeld Group sold 23 East 22nd Street, Flatiron District, Manhattan for $15.2 million to J. Safra Group on November 17, 2021.
Latest Stories:
• J. Safra Real Estate pays $40M to Longchamp for Madison Ave. retail in Lenox Hill (March 23, 2026)
• J. Safra Real Estate sells office, retail building in SoHo for $43.7M (January 23, 2026)
• Michael Ostad pays $18M to J. Safra Real Estate for two walkups in SoHo (January 22, 2026)
• Rockfeld files plans for 20 units in Chinatown, converting from office (May 23, 2025)
Properties: