Olympia Dumbo penthouse asking $17.5M snags contract

February 4, 2026 / no comments

In the recent Spike Lee film “Highest 2 Lowest,” actor Denzel Washington, playing a music mogul, spends a good portion of the movie in his sprawling Dumbo penthouse, negotiating the release of his kidnapped son.  Now, it appears some more pleasant negotiations have gone down between a buyer for the starring unit and Fortis Property Group, the developer behind the property. The penthouse went into contract with a last asking price of $17.5 million, according to StreetEasy. The deal comes three years after the building’s other penthouse on the 33rd floor appeared to go into contract with an asking price […]

This article originally appeared on The Real Deal. Click here to read the full story.

World Wide Group, Rabina obtain $160M loan in Long Island City

February 4, 2026 / no comments

A joint venture between World Wide Group and Rabina secured a sizable loan to refinance a Long Island City rental tower. KKR provided a $160.2 million loan to ownership at 41-42 24th Street in the Queens neighborhood, the Commercial Observer reported. The loan goes toward the 421-unit QLIC, which opened its doors to residents more than a decade ago. “QLIC exemplifies the type of high-quality, stabilized asset we look to support, with durable cash flow, high occupancy, and a prime, transit-oriented location in Long Island City,” KKR managing director Adam Simon said in a statement. A JLL team led by […]

This article originally appeared on The Real Deal. Click here to read the full story.