David Heiden

W Financial

(W Financial Fund, W Financial REIT)

Owner

60 Cutter Mill Rd #601, Great Neck, NY 11021

Alternative Opportunities

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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)

• SOHO China founder pays $62.6M for dev site in Lenox Hill, in contract for adjacent parcel (October 24, 2025)

• Diamond National Investments pays $4M to Assembly OSM for development in East Harlem (April 04, 2025)

• Assembly OSM pays $4.1M to HAP for development in East Harlem (May 31, 2023)

• Retail lease dispute at $61M former HFZ dev site in Lenox Hill moves to federal court (May 22, 2023)

• Empire Equities pays $6.4M to W Financial affiliate for 14-unit walkup in Greenwich Village (November 17, 2022)

• 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)

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