Highpoint Property signs $14.8M refi with Natixis for 12 units in East Village

Highpoint Property Group through the entity 436 And 442 East 13th Street Owner LLC as borrower signed a refi loan with lender Natixis through the entity Natixis Real Estate Capital LLC valued at $14.8 million for two residential elevator properties with 12 residential units including the six-unit residential elevator building (D3) at 436 East 13th Street and six-unit residential elevator building (D3) at 442 East 13th Street in East Village, Manhattan.
The deal closed on May 7, 2026 and was recorded on May 15, 2026. The prior lender was Prime Finance which held debt that had an original loan amount of $16 million.The two properties have 25,444 square feet of built space according to a PincusCo analysis of city data. The loan price per built square foot is $581 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 Highpoint Property Group was Drew Popkin . The signatory for Natixis was Jonathan Rechner and Melissa Naturman .

Prior sales, articles and revenue

The owner according to the Department of Housing Preservation and Development is Drew Popkin, head officer. The business entity is 436 And 442 East 13th Street Owner Llc.

The property

The zoning is R8B which allows for up to 4 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $4.8 million. Natixis on May 7, 2026 bought a loan with an original principal of $16 million from Prime Finance signed by Jon W. Brayshaw , secured by 436 East 13th Street and 442 East 13th Street, when owned by Highpoint Property Group .

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the properties for the past 24 months. In addition, according to city public data, the properties have received $480 in OATH penalties in the last year.

Development

For the tax lot buildings, two out of the two buildings received a initial certificate of occupancy in the last ten years. There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot. On one of the tax lots, there was a condominium plan was filed by BRIDGETON AMIRIAN 436 LLC to create 6 residential units in a building at 436 East 13th Street in East Village, Manhattan, called Thirteen West that has a $18.1 million sellout, according to an November 17, 2015 submission to the New York State Attorney General. The principals of the sponsor, BRIDGETON AMIRIAN 436 LLC, were David Amirian and Atit Jariwala. However, in 2019, Highpoint purchased the parcel and the condo plans appear to be abandoned, though the state records do not note a date of withdrawal or abandonment.

The block

On the tax block of 436 East 13th Street, PincusCo has identified the owners of 24 of the 34 commercial properties representing 324,846 square feet of the 392,139 square feet. The largest owner is Croman Real Estate, followed by David Jacobson and then Highpoint Property Group.
There are no active new building construction projects on this tax block.

The majority, or 84 percent of the 392,139 square feet of built space are walkup buildings, with elevator buildings next occupying 9 percent of the space.

The borrower

The PincusCo database currently indicates that Highpoint Property Group owned at least 21 commercial properties with 141 residential units in New York City with 159,733 square feet and a PincusCo-determined asset value of $181.7 million. The portfolio has $152.5 million in debt, with top three lenders as East West Bank, Bank Leumi, and Prime Finance respectively. Within the portfolio, the bulk, or 59 percent of the 159,733 square feet of built space are walkup properties, with mixed-use properties next occupying 20 percent of the space. The bulk, or 59 percent of the built space, is in Manhattan, with Brooklyn next at 40 percent of the space.

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