Jeffrey Gural
Chairman
GFP Real Estate
(Newmark Holdings)
Owner
515 Madison Avenue, 15th Floor New York, NY 10022
GFP Real Estate NYC portfolio
$3 billion -office 79%, condo 3%; Manhattan 98%, Brooklyn 1%*
66th largest portfolio by dollar value
6,465,430 sqft – office 94%, condo 3%, industrial 1%; Manhattan 97%, Brooklyn 1%
64th largest by SF
28 properties – Manhattan 90%, Bronx 4%, Brooklyn 4%
349th largest
1,328 residential units – Manhattan 100%
253th largest by residential units
0 foreclosures, 0 bankruptcies, 5 other court cases.
Person Activity past 24 months:
Borrower signatory: 3 for $177.2 million
Top Ten Associated Companies:
Apple Bank for Savings (5), Fortress Investment Group (3), JPMorgan Chase (2), New York Psychotherapy and Counseling Center (1), TD Bank (1), Apple Bank (1), Wells Fargo (1), Customers Bank (1), Capital One (1)
Top Ten Associated People:
Cynthia Wang (6), Elliot Klein (1), Thomas Russo (1), Ursula Flores (1), Gregory Fantauzzi (1), Patricia Visone (1)
Recent activity as signatory:
• GFP Real Estate borrowed $86.5 million from Apple Bank for 41 East 53 Street on December 30, 2025.
• GFP Real Estate borrowed $83 million from TD Bank for 566 Broadway on December 15, 2025.
• GFP Real Estate borrowed $7.7 million from Customers Bank for 418 West 45 Street on August 16, 2024.
• Fortress Investment Group on August 15, 2023 bought a loan with an original principal of $75 million from Capital One, signed by Nicholas Eng, secured by 638 9 Avenue, when owned by GFP Real Estate.
• Fortress Investment Group on August 15, 2023 bought a loan with an original principal of $22 million from Capital One, signed by Nicholas Eng, secured by 73 Thomas Street, when owned by GFP Real Estate.
• Fortress Investment Group on August 15, 2023 bought a loan with an original principal of $60 million from Capital One, signed by Nicholas Eng, secured by 596 Broadway, when owned by GFP Real Estate and Zuberry Development.
• GFP Real Estate and Steinberg & Pokoik Management borrowed $28 million from Apple Bank for Savings for 1432 Broadway on March 30, 2023.
• GFP Real Estate borrowed $16 million from Apple Bank for Savings for 29 East 33 Street on March 06, 2023.
• GFP Real Estate sold 565 Courtlandt Avenue for $2.9 million to New York Psychotherapy and Counseling Center on December 22, 2022.
• GFP Real Estate borrowed $9 million from Apple Bank for Savings for 34 East 16 Street on September 20, 2022.
Latest Stories:
• GFP files plans for 51-unit building in Hell’s Kitchen (December 22, 2025)
• Brodsky, GFP, Sorgente plan 39 condo units in Flatiron Building (September 06, 2024)
• Ground lessor of SoHo office, retail building signs $54M refi with Apple Bank (April 19, 2024)
• GFP, Steinberg & Pokoik sign $28M refi for office in Garment District (April 19, 2023)
• GFP Real Estate signs $16M refi loan for two properties in Park Avenue South (March 13, 2023)
• Court moves forward with Flatiron Building partition sale (February 28, 2023)
• GFP Real Estate signs $47M refi loan with JPMorgan Chase for office in NoMad (September 12, 2022)
• GFP Real Estate signs $191M loan with Wells Fargo for office in Tribeca (July 06, 2022)