Opportunity Terminal · Research

BridgeSignal Weekly

Week of June 29, 2026

Vol. 1 · No. 1 · NY Metro

A weekly review of indicative CRE debt-intelligence signals across the New York metro, compiled from public records and news reporting for institutional credit desks. Indicative only; verify independently.

Properties monitored

This issue

Priority signals

Score ≥ 85

Maturities next 12 mo

$2.7B

6 loans · 4 inside 90 days

Est. capital need

$954M

Across the book

01 · Ranked by opportunity score

Top opportunities

The highest-scoring properties in this issue, ranked by indicative opportunity score. Each requires independent verification before any outreach.

#	Property	Capital need	Est. size	Window	Score
1	Worldwide Plaza Midtown West / Hell's Kitchen · Office · ~2.0M SF office + ~250K SF adjacent retail	Rescue	$300M	< 3 mo	95
2	Decoration & Design Building (D&D Building) Midtown East / Upper East Side (Plaza District periphery) · Office · ~588,000 SF (18-story design-trade showroom + office)	Refi	$165M	< 3 mo	90
3	A&E Real Estate — Riverton Square + 31-property portfolio Harlem (anchor) / citywide · Multifamily · ~3,531 units across 31 properties (~85% rent-regulated); Riverton anchor ~1,229 units	Rescue	$150M	< 3 mo	88
4	20 Times Square (Times Square EDITION) Times Square, Midtown · Mixed-Use · 454-key Edition by Marriott hotel + four floors of retail	Rescue	$200M	< 3 mo	86
5	The Jacx Long Island City, Queens · Office · ~1.2M SF (two 26-story office/retail towers, delivered 2019)	Mezzanine	$100M	3–6 mo	74
6	Barry Singer Bronx rent-regulated portfolio Kingsbridge Heights / Fordham, the Bronx · Multifamily · ~300 units (8 prewar rent-regulated buildings)	Bridge	$39M	3–6 mo	71

02 · New this week

New distress signals

The freshest publicly reported NYC-metro CRE distress items this week, spanning retail, office and mixed-use. Each is drawn from trade-press or servicer reporting, is indicative only, and requires independent verification before any analyst action.

Deed-in-lieu / foreclosure

Jul 02, 2026

MetLife takes back grocery-anchored retail condo at 188 East 64th Street (UES)

Lender MetLife, through an affiliate, is reported to have taken back the ground-floor grocery-anchored retail condo (Morton Williams occupies ~22,000 SF) and the valet garage at The Royale via a deed-in-lieu from owner Gateside Corporation. The two commercial units were valued at $44.1M in the transfer; MetLife had issued more than $58M in loans at the property since 2017. Potential indicator of continued small-balance retail stress; the residential tower above is reported unaffected.

The Real Deal· Jul 02, 2026

Foreclosure complaint

Jul 01, 2026

Flagstar files to foreclose on 255 W. 36th Street (Garment District)

Flagstar Bank is reported to have filed a foreclosure action against Triangle Assets (the Stavrach family), alleging a $45M mortgage on the Garment District office/loft building has been in default for months. Signal-based indicator of a potential near-term capital need; status and figures are as reported and require verification.

Crain's New York Business· Jul 01, 2026

Special servicing transfer

Jun 30, 2026

Sonder bankruptcy pulls Moinian's 2 Washington Street into special servicing

A $131.5M CMBS loan on Moinian Group's 483,000-SF, 345-unit Battery Park complex is reported to have transferred to special servicing for cash-flow issues after master-lease tenant Sonder went bankrupt in November 2025. With 286 of 345 units restricted to 30-day-max rentals, a conventional-multifamily conversion is reportedly complicated. This is a cash-flow transfer, not a maturity default (loan matures Aug. 6, 2031) — indicative of potential preferred-equity or bridge interest rather than an imminent takeout.

Commercial Observer· Jun 30, 2026

Default / marketed for sale

Jun 09, 2026

RXR markets the Helmsley Building (230 Park Ave) at ~$670M after default

More than two years after defaulting on a $670M CMBS mortgage (matured December 2023), RXR is reported to have put the landmarked 1.4M-SF tower up for sale at ~$670M — at or above the debt — with SL Green's Green Loan Services as special servicer and Newmark marketing. The building is reported ~46% leased. Potential note-purchase or recap watch item; pricing and process are as reported and indicative.

The Real Deal· Jun 09, 2026

03 · Publicly reported

Upcoming maturities

Publicly reported NYC-metro CRE loan maturities on stressed or watched assets. The near-term reported maturities cluster around loans already at or just past maturity and in active workout — which is what makes them watched and gives them hard, verifiable dates. No dates or figures are invented; several rows are flagged where the maturity is forward-dated or the distress is cash-flow- rather than maturity-driven.

Property / loan	Size	Lender / deal	Maturity / status	Source
20 Times Square (Edition hotel + retail) 701 Seventh Ave, Manhattan	$647.5M	Natixis; Times Square Trust 2018-20TS (SASB)	May 2026 — missed, in special servicing	Source
One New York Plaza 1 New York Plaza, FiDi, Manhattan	$835M	Wells Fargo / Goldman Sachs / BMO (2020); CMBS	Jan. 9, 2026 — entered SS; later modified/extended (per Trepp)Reported later modified/extended	Source
New York Times Building (Brookfield upper-half interest) 620 Eighth Ave / 229 W. 43rd St., Manhattan	$515M senior (~$750M total w/ sub + mezz)	CMBS; fully extended	Dec. 2025 — matured without payoff, in special servicing	Source
230 Park Avenue (Helmsley Building) 230 Park Ave, Midtown, Manhattan	$670M mortgage (+ $125M mezz)	Morgan Stanley (Nov. 2021); CMBS; SS Green Loan Services	Matured Dec. 2023 — in foreclosure / marketed for sale	Source
Decoration & Design Building 979 Third Ave, Manhattan	$150M	CGCMT 2015-GC33 / GSMS 2015-GC34; SS Green Loan Services	Matured May 6, 2026 — maturity default, in special servicing	Source
A&E Real Estate 31-building portfolio (Riverton Square + others) Riverton Square, 2156 Madison Ave, Harlem (+ citywide)	$506.3M senior (+ $93.7M mezz)	J.P. Morgan Chase (2021); JPMCC 2021-NYAH; trustee Wells Fargo	Matured June 9, 2024 — in foreclosure (summary judgment June 2026)	Source
685 Fifth Avenue (retail condo; former Gucci HQ) 685 Fifth Ave, Manhattan	$160M	Bank of America / Wells Fargo (2018 refi); GGP/Brookfield; SS CW Capital	July 2028 — already in SS for imminent-default concern as Coach/Stuart Weitzman exit April 2027Forward-dated (July 2028); cleanest documented forward maturity	Source
2 Washington Street 2 Washington St, Battery Park, Manhattan	$131.5M	BMARK 2021-B29 / B28 (Citi/BofA) + 3650R 2021-PF1	Aug. 6, 2031 — not near-term; distress is cash-flow-driven (Sonder bankruptcy), already in SSForward-dated (Aug 2031); distress is cash-flow-driven	Source

04 · Deep dive

Featured opportunity

A single situation in detail: the property, the indicative signals, and the capital solution that would fit, subject to verification.

Rescue< 3 moFeatured opportunity

Worldwide Plaza

825 Eighth Avenue (with 313 W. 49th St. and 350 W. 50th St.) · Office · ~2.0M SF office + ~250K SF adjacent retail

BridgeSignal Analysis · indicative

BridgeSignal believes Worldwide Plaza is one of the highest-conviction rescue-capital opportunities currently visible in the Manhattan office market.

Existing loan

$940M

Est. need

$250M–$350M

Maturity

10 mo

05 · For the desk

Recommended lender action

Indicative, signal-based focus areas for the desk this week, tied to the cases in this issue. These are not recommendations to transact; every item is potential/estimated and requires independent verification of the capital stack, cash flow, and servicing status.

Engage

Potential senior/mezz rescue-gap position at the featured asset

At the featured Midtown West trophy tower, public filings indicate a contested stack — a senior ~$940M judicial foreclosure alongside a ~$260M mezzanine UCC foreclosure. A new-money provider could potentially position for a controlling rescue tranche at a heavily reset basis, but priority is unresolved and any figures are indicative and require verification against the court docket before outreach.

Monitor

Track the A&E portfolio summary-judgment timeline

The ~$506.3M rent-stabilized A&E / Riverton foreclosure is reported at the summary-judgment stage (June 2026) with a ~$594M lender claim — an indicative window for a rescue-capital or discounted note purchase. Timing to judgment/sale could be near-term; monitor the docket and verify the index number directly, as it was not confirmed from free sources.

Qualify

Confirm the self-declared refinance need at the D&D Building

The sponsor at 979 Third Ave is reported to have publicly stated it is 'in the market to refinance shortly' after a May 6, 2026 maturity default — a potential first-touch for a bridge or rescue refinance. Qualify the rising ground-rent carry, 63% occupancy, and sponsor-wide distress before sizing; the estimated need is indicative only.

Position

Pre-position on leasehold recaps back in special servicing

The Times Square EDITION leasehold ($647.5M) is reported back in special servicing for the second time in four years after a missed May 2026 maturity. A leasehold recap or rescue tranche is potentially indicated, but the 99-year ground-lease structure and largely vacant retail podium narrow the buyer pool — treat sizing as estimated pending verification of current hotel performance.