Newmark Secures $275 Million Financing for Luxury Residential Development in New York, NY

Photo Credit: Rockpoint

March 3, 2025 9:00 AM

Newmark announces that the firm has arranged a $275 million loan to refinance 63-67 Wall Street, a two-tower multifamily asset located in New York City. Co-President of Global Debt & Structured Finance Jordan Roeschlaub, Vice Chairmen Nick Scribani and Chris Kramer arranged the financing on behalf of owners Rockpoint, a Boston-based real estate private equity firm, and Brooksville Company, a vertically integrated real estate investment and management firm. Apollo Global Management provided the funding.

Rockpoint and Brooksville Company acquired 63-67 Wall Street in 2016, and have since invested heavily in apartment renovations, fully upgraded common areas and amenity space, and a reconfiguration of the retail space. The 816-unit residential complex was originally constructed as two separate office buildings – 67 Wall Street, built in 1921 as the headquarters for the Munson Shipping Company, and 63 Wall Street, built in 1928 as the headquarters for Brown Brothers Harriman & Co. The buildings were converted into apartments in 2006 and 2004, respectively.

Located in the heart of the Financial District, the property today provides residents with convenient access to fine dining, shopping and immediate proximity to numerous transportation lines.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended December 31, 2024, Newmark generated revenues of over $2.7 billion. As of December 31, 2024, Newmark and our business partners together operated from approximately 170 offices with more than 8,000 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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