Noi Solutions pays $7M to Mack Real Estate for office condo in Midtown West

Manufacturer Noi Solutions through the entity Nayaan LLC paid $7 million to Mack Real Estate Group through the entity 1619 Broadway Realty LLC for the property at 1619 Broadway in Midtown West, Manhattan. The expected use is owner-occupied.
The deal closed on September 19, 2025 and was recorded on October 1, 2025.
The signatory for Mack Real Estate Group was Priyanka Garg . The signatory for Noi Solutions was Saima Chowdhury . The contract date was May 15, 2025. According to its website, “Noi Solutions is a full-service ethical and sustainable apparel manufacturer optimizing design, quality, speed, and cost.”

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Noi Solutions had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Mack Real Estate Group had not purchased any other properties and sold seven properties in two transactions for a total of $35.6 million over the same time period.

The block

On this tax block, PincusCo has identified the owners of five of the 14 commercial properties representing 859,861 square feet of the 1,554,771 square feet. The largest owner is Avalonbay Communities, followed by Mack Real Estate Group and then Brack Capital Real Estate.
There are no active new building construction projects on this tax block.

The majority, or 37 percent of the 1.6 million square feet of built space are elevator buildings, with office buildings next occupying 37 percent of the space.

The seller

The PincusCo database currently indicates that Mack Real Estate Group owned at least 47 commercial properties with 979 residential units in New York City with 1,620,232 square feet and a city-determined market value of $391.9 million. (Market value is typically about 50% of actual value.) The portfolio has $792.2 million in debt, with top three lenders as UBSCM 2018-NYCH, Wells Fargo, and Apollo Global Management respectively. Within the portfolio, the bulk, or 26 percent of the 1,620,232 square feet of built space are hotel properties, with walkup properties next occupying 25 percent of the space. The bulk, or 62 percent of the built space, is in Manhattan, with Queens next at 21 percent of the space.

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