J. Safra Real Estate
(JSRE Acquisitions, J. Safra Group, J. Safra Sarasin Asset Management)
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%*
955th largest portfolio by dollar value
88,777 sqft – elevator 37%, condo 21%, office 17%; Manhattan 100%
2526th largest by SF
8 properties – Manhattan 100%
1263th largest
15 residential units – Manhattan 100%
4146th 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: 3 for $70.2 million
Borrower company: 2 for $25.5 million
Top Ten Associated Companies:
Banque J. Safra Sarasin (2), Alo Yoga (1), Michael Ostad (1), Edward Ostad (1), J. Safra Sarasin (1), Mehrdad Kahan (1), Said Makhany (1)
Top Ten Associated People:
Mathieu Beaumont (2), Jules Moor (1), Ju Hwan Oh (1), Michael Ostad (1), Michel Priester (1), Michael Kahan (1), Saied Makhany (1)
Recent activity as company:
• 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 23 East 22nd Street, Flatiron District, Manhattan for $15.2 million to J. Safra Group on November 17, 2021.
• Rockfeld Group sold 181 Canal Street for $18.6 million to J. Safra Group on November 17, 2021.
• JSRE Acquisitions borrowed $53.7 million from Banque J. Safra Sarasin for 841 Madison Avenue, Lenox Hill, Manhattan on October 16, 2020.
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: