Yitzchak Tessler

Tessler Developments

172 Madison Ave 16B New York, NY 10016

Tessler Developments NYC portfolio

$18.6 million -condo 100%; Manhattan 100%*

3658th largest portfolio by dollar value

15,169 sqft – condo 100%; Manhattan 100%

5410th largest by SF

2 properties – Manhattan 80%, Brooklyn 20%

4022th largest

16 foreclosures, 1 bankruptcy, 14 other court cases.

Person Activity past 24 months:

Seller signatory: 1 for $65 million

Top Ten Associated Companies:

G4 Capital Partners (1), Signature Bank (1)

Top Ten Associated People:

Jason Behfarin (1), Michael Riegler (1)

Recent activity as signatory:

Tessler Developments and Cornell Realty Management sold 200 Kent Avenue for $65 million to G4 Capital Partners on March 30, 2026.

Tessler Developments borrowed $15.5 million from Signature Bank for 260 Park Avenue South, 260 Park Avenue South, 260 Park Avenue South, and 260 Park Avenue South, Flatiron District, Manhattan on January 10, 2023.

Latest Stories:

• Global Asset Properties pays $10.1M for retail in Midtown South (April 07, 2026)

• ARC Pe obtains $37.9M in debt for bankruptcy acquisition of resi condos on Park Avenue South (March 19, 2026)

• $11M pre-foreclosure filed at Tessler Developments retail condo in Flatiron (October 28, 2024)

• Arc Re files $44M pre-foreclosure at Tessler Developments Midtown South condo tower (August 23, 2024)

• $101M bankruptcy filed at Tessler Developments’ Midtown South condo tower (June 05, 2024)

• Yitzchak Tessler battles Isaac Hager over alleged $3M loan from 2020 (April 11, 2024)

• Courts roundup: Tessler, Trader Joe’s, Haruvis, SoHo condo (February 24, 2023)

• Tessler Developments signs $15.5M refi with Signature Bank for four retail properties in Flatiron District (January 24, 2023)

• Tessler, and Cornell Realty, borrow $84M from G4 Capital Partners for new construction in Williamsburg (February 27, 2020)

Court Records:

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