There were 206 transactions totaling $517 million filed in New York City records in the 24 hours before 4 p.m. on Friday, Feb. 20, 2026
🏆 Residential: The top home sale to hit records was in Lenox Hill. EJS Development sold a sponsor unit at 200 East 75th Street for $19.8 million. The buyer was an LLC tied to Madison Realty Capital’s Joshua Zegen. The full-floor condo spans more than 6,100 square feet, with five bedrooms, six bathrooms, two powder rooms, a media room and a library. Compass is handling sales at the property.
🏆 Commercial: The top commercial deal to be recorded was in Staten Island, where an entity tied to The Arker Companies has taken over the eight-building Park Hill Apartment complex at 140-180, 185-225 and 240-280 Park Hill Avenue for $364.7 million, according to city records and Crain’s New York Business. The seller was DelShah Capital, which had owned the property for decades. Arker and its partners, L+M Development Partners and LIHC Investment Group, plan to undertake a $165 million renovation of the complex, which had been the subject of numerous resident complaints, over the next couple of years, according to SILive.com.
📊 Commercial: In Long Island City, a 7,000-square-foot industrial building at 35-43 37th Street sold for $15.4 million. The sellers were companies tied to Jeffrey Sitomer and Jeff Gruebel, and the buyer was an affiliate of Elie Pariente’s EMP Capital Group, which in January filed an application to demolish the structure.
📊 Residential: Gary Barnett’s Extell Development Company sold a sponsor unit at 50 West 66th Street in the Upper West Side to William S. Benjamin, a partner and vice chair at Ares, for $8.9 million. The unit spans about 2,900 square feet, pricing the deal at roughly $3,100 per square foot. The pad has three bedrooms and three and a half baths.
📊 Residential: The estate of Mimi Falcone, a journalist and food critic who wrote 16 books, sold a townhouse at 248 West 12th Street in the West Village for $8 million. Mimi Falcone and her husband had lived in the duplex since the 1960s. The buyer was an LLC tied to Carlos Saavedra, of the Brooklyn-based development firm Eckstrom. The property first hit the market in June 2024, with an asking price of $10.5 million. Brian Meier, Amanda Barba, Corey Mittenthal, Bruce Goveia, Apple Christie-Wallace and Krisstopher Valcin with Berkshire Hathaway HomeServices had the listing.
By the Numbers: The $77B “hard maturity” wall hitting CMBS
Commercial mortgage-backed securities borrowers are running out of runway.
After several years of extensions, 2026 is shaping up to be the year that many loans hit a hard stop. Roughly $76.6 billion worth of debt faces hard deadlines, meaning that borrowers have no contractual options left to push out their due dates, according to a new report from research firm Trepp. The firm notes that hard maturities can also include loans that never had any extension options, but Trepp focused on loans whose borrowers have already used up all extensions. These are loans that are truly at distress.
That wall is taller than it has been in recent years.
If you like this digest, you can get it even earlier — every evening — by subscribing to TRD Data, here.