David Heiden
W Financial
(W Financial Fund, W Financial REIT)
Owner
60 Cutter Mill Rd #601, Great Neck, NY 11021
Alternative Opportunities
Person Activity past 24 months:
Seller signatory: 2 for $62.6 million
Top Ten Associated Companies:
Closer Group (2), Spyro Avdoulos (1), Empire Equities (1)
Top Ten Associated People:
Geoff Wilson (2), Spyro Avdoulos (1), Dov Lesches (1)
Recent activity as signatory:
• W Financial sold 148 East 79 Street for $62.6 million to Closer Group on October 21, 2025.
• Benjamin Klapper sold 1133 Lexington Avenue for $0 to Closer Group on October 21, 2025.
• Mayer Hirsch and Yidel Hirsch borrowed $20 million from Levon Capital for 1064 62 Street on April 19, 2024.
• Spyro Avdoulos borrowed $6.5 million from W Financial for 33-20 55 Street on February 28, 2023.
• W Financial sold 89 7 Avenue South for $6.4 million to Empire Equities on November 02, 2022.
• River Rock Associates and PILOT Real Estate Group on October 13, 2022 bought a loan with an original principal of $3.1 million from W Financial, signed by David Heiden, secured by 251 East 117 Street, when owned by HAP Investments.
Latest Stories:
• Closer Group pays $13.2M to add to Lenox Hill dev site (March 11, 2026)
• Assembly OSM pays $4.1M to HAP for development in East Harlem (May 31, 2023)
• Contract signed for UES parcel sandwiched by defaulted HFZ dev site (June 07, 2021)
• Ziel Feldman’s HFZ Capital enlarges UES assemblage with $49M in purchases (March 16, 2020)
• Ziel Feldman’s HFZ Capital borrows $44M from W Financial for UES assemblage (March 16, 2020)
