W Group signs $67.2M refi with Greystone for assisted living in North Riverdale

W Group through the entity Elener Associates, LLC as borrower signed a refi loan with lender Greystone & Co. through the entity Greystone Funding Company LLC valued at $67.2 million for the 256-bed assisted living facility (I7) at 6355 Broadway in North Riverdale, Bronx.
The deal closed on February 18, 2026 and was recorded on February 27, 2026. The prior lender was Monticelloam which held debt that had an original loan amount of $40 million. The property has 66,000 square feet of built space according to a PincusCo analysis of city data. The loan price per built square foot is $1,018 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The owner bought the property on April 7, 2017, for $15 million. The signatory for W Group was Shmuel B. Weiss . The signatory for Greystone & Co. was Lisa Follweiler .

Prior sales, articles and revenue

The owners according to the Department of Housing Preservation and Development includes Lozer Weiss, head officer and Samuel Horowitz, agent. The business entity is 6355 Broadway Llc.

The property

The property in North Riverdale has 66,000 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 419 feet and is 113 feet deep with a total lot size of 23,643 square feet. The lot is irregular. The zoning is R6 which allows for up to 2.43 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $13.7 million. Greystone & Co. on February 18, 2026 bought a loan with an original principal of $40 million from MonticelloAM signed by Thomas Lally , secured by 6355 Broadway, when owned by W Group .

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received $8,485 in OATH penalties in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The block

On this tax block, PincusCo has identified the owners of five of the 10 commercial properties representing 131,187 square feet of the 133,947 square feet. The largest owner is W Group, followed by Nyc School Construction Authority and then Stagg Group.
On the tax block, there was one new building construction project filed totaling 84,830 square feet. It is a 84,830 square-foot 57 building submitted by NYC School Construction Authority and filed by Gordon Tung with plans filed August 4, 2025 and it has not been permitted yet.

The majority, or 49 percent of the 133,947 square feet of built space are specialty buildings, with elevator buildings next occupying 35 percent of the space.

The borrower

The PincusCo database currently indicates that W Group owned at least one commercial property in New York City with 66,000 square feet and a city-determined market value of $12.7 million. (Market value is typically about 50% of actual value.) The portfolio has $40 million in debt, borrowed from Monticello Asset Management. The portfolio consists of at least a single specialty property. It is located in Bronx.

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