Global Holdings Management signs $190M refi with Chase for 123-unit rental in Lincoln Square

Global Holdings Management Group through the entity Global 1845 Broadway LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $190 million for the 123-unit residential elevator building (D6) at 1841 Broadway in Lincoln Square, Manhattan.
The deal closed on October 9, 2025 and was recorded on October 21, 2025. The prior lender was Wells Fargo which held debt that had an original loan amount of $165 million.

The property has 184,411 square feet of built space according to a PincusCo analysis of city data. The loan price per built square foot is $1,030 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Global Holdings Management Group was Peter Allen . The signatory for JPMorgan Chase was Dan Polacek.

Prior sales and revenue

The 184,411-square-foot property generated revenue of $13.6 million or $74 per square foot, according to the most recent income and expense figures.

The property

The residential elevator building with 123 residential units in Lincoln Square has 184,411 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 116 feet and is 173 feet deep with a total lot size of 17,398 square feet. The lot is irregular. The zoning is C4-7 which allows for up to 10 times floor area ratio (FAR) for commercial and up to 10 times FAR for residential with inclusionary housing. The city-designated market value for the property in 2022 is $59 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received $2,695 in OATH penalties in the last year.

Development

On the lot, there is one active new building construction project, 121189301, for a 123-unit, 173,561 square-foot R-2 building. The project was submitted by Eric Leclair with plans filed December 6, 2018 and permitted March 26, 2021.

The block

On this tax block, PincusCo has identified the owners of four of the eight commercial properties representing 727,981 square feet of the 918,711 square feet. The largest owner is Glenwood Management, followed by Global Holdings Management Group and then Michael T. Cohen.
On the tax block, there was one new building construction project filed totaling 173,561 square feet. It is a 123-unit, 173,561 square-foot residential (R-2) building submitted by Eric Leclair with plans filed December 6, 2018 and permitted March 26, 2021.

The majority, or 44 percent of the 918,711 square feet of built space are elevator buildings, with office buildings next occupying 39 percent of the space.

The borrower

The PincusCo database currently indicates that Global Holdings Management Group owned at least eight commercial properties with 583 residential units in New York City with 2,701,261 square feet and a city-determined market value of $1.1 billion. (Market value is typically about 50% of actual value.) The portfolio has $1.2 billion in debt, with top three lenders as Wells Fargo, Helaba, and Global Holdings Management Group respectively. Within the portfolio, the bulk, or 79 percent of the 2,701,261 square feet of built space are office properties, with elevator properties next occupying 17 percent of the space. They are all located in Manhattan.

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