262 5 Avenue
NoMad, Manhattan
Parcel ID (BBL): 1008300044
Owner: Five Points Development
Debt: June 26, 2025, $0
Built: 2023
SF: 188,514
Dwelling units: 41
No. of buildings: 1
Class: Fireproof – With Stores (D6)
Floors: 54
Legacy BBLs: 1008300044
Transactions:
• Cottonwood Group on June 26, 2025 bought a loan with an original principal of $89.8 million from Madison Realty Capital, signed by David Speiser, secured by 262 5th Avenue, NoMad, Manhattan, when owned by Five Points Development.
• Five Points Development borrowed $109.8 million from Madison Realty Capital for 262 5th Avenue, NoMad, Manhattan on November 13, 2023.
• Five Points Development borrowed $20 million from Maxim Credit Group for 262 5th Avenue, 264 5th Avenue, 5 Avenue, Nomad, Manhattan on December 08, 2020.
Development:
• Boris Kuzinez filed new building job 122874906 for 172,291 sqft R-2 building with 41 apartments in NoMad, Manhattan, on September 23, 2016.
• Milivoj Sofranin filed alteration job M01330105 for building in NoMad, Manhattan, on December 08, 2025.
• Kirk Beeche filed alteration job M01243878 for building in NoMad, Manhattan, on September 03, 2025.
• Yoram Barel filed alteration job M01257954 for 60 sqft building with 41 apartments in NoMad, Manhattan, on July 20, 2025.
• Yoram Barel filed alteration job M01231488 for 10 sqft 51 building with 41 apartments in NoMad, Manhattan, on May 30, 2025.
• Yoram Barel filed alteration job M01227012 for 120 sqft building with 41 apartments in NoMad, Manhattan, on May 22, 2025.
Condominium:
• Yoram Barel filed plans CD170319 on November 03, 2017 for 78-unit condominium called 262 Fifth Condominium at 262 Fifth Avenue.
Violations:
According to city public data, the properties have received $7,500 in ECB penalties and $7,500 in OATH penalties in the last year.