Safra National Bank
(Safra National Bank of New York, J. Safra Real Estate)
Lender
550 5th Ave New York, NY 10036-5007
People:
Safra National Bank NYC portfolio
$55.4 million -mixed-use 72%, office 27%; Manhattan 99%*
2264th largest portfolio by dollar value
26,200 sqft – office 60%, mixed-use 39%; Manhattan 100%
4681th largest by SF
3 properties – Manhattan 100%
2950th largest
Company Activity past 24 months:
Buyer company: 1 for $40 million
Seller company: 4 for $75.3 million
Borrower company: 1 for $14.3 million
Lender company: 11 for $308.9 million
Top Ten Associated Companies:
Sollevare Group (1), Michael Ostad (1), Edward Ostad (1), Alo Yoga (1), Mehrdad Kahan (1), Said Makhany (1), J. Safra Sarasin (1)
Top Ten Associated People:
Jake Movsovitz (1), Michael Ostad (1), Ju Hwan Oh (1), Michael Kahan (1), Saied Makhany (1), Mathieu Beaumont (1), Michel Priester (1)
Recent activity as company:
• Skyway Development Group borrowed $23 million from Safra National Bank for 21 West 20th Street, Flatiron District, Manhattan on July 02, 2026.
• J. Safra Real Estate sold None for $5.1 million to Sollevare Group on July 01, 2026.
• Zar Property NY borrowed $20 million from Safra National Bank for 42 Greene Street on June 18, 2026.
• Longchamp sold None for $40 million to J. Safra Real Estate on March 19, 2026.
• Joyland Management borrowed $38 million from Safra National Bank for 319 East 17 Street on March 17, 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.
• Centurion Realty borrowed $5.3 million from Safra National Bank for 157 Wooster Street on September 30, 2025.
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)
• Slate Property Group pays $30M for 11-unit rental in Tribeca (October 07, 2025)
Properties: