Battery Park City's $357M North End Ave loan paper matches 2011
A $357M loan agreement on two Battery Park City rental towers was re-recorded Sept. 25, the same amount filed in 2011, alongside two $10 deeds.
A $357 million loan agreement against the two Battery Park City rental towers at 200 and 300 North End Avenue was recorded Sept. 25, but the amount is not new money: the city register shows the same $357,000,000 on the same lots in 2011, and again in July.
Why it matters
Read alone, the headline number looks like one of the largest recordings of the month. The history says otherwise. An agreement for $357,000,000 was recorded Aug. 3, 2011 (ACRIS 2011072700314008), after assignments to 200/300 North End Avenue Capital LLC. The same amount went on record July 30, 2026 (ACRIS 2026072400829001) and again Sept. 25 (ACRIS 2026091801013005). We read that as amended or restated paper on an existing loan, not a fresh refinancing. The record does not say, and we are not calling it either.
The numbers
The Sept. 25 agreement names MP Freedom LLC and MP Liberty LLC with RMM, PMGC, PIM and BMZ NEWCO entities as borrowers, and 200/300 North End Avenue Capital LLC as lender. Two companion agreements of $32,779,168 and $26,144,871 recorded alongside it repeat the July set. Listings and building materials name Milstein Properties as developer of the towers, Liberty Green at 300 and Liberty Luxe at 200. The filings show only the “MP” entities, so the brand link is a match on names, not a statement in the record.
Two deeds dated Sept. 10 for $10 each were recorded the same day (ACRIS 2026091801013001, ACRIS 2026091801013003). Each lists an MP entity on both sides, with the four NEWCO entities as added grantees. That is an ownership regrouping, not a sale at market price. We have no per-square-foot figure because no price was paid.
What’s next
The useful read for developers is the pattern: a 2011 loan carried forward by amendment, with ownership reshuffled among family-style entities first. Watch for a satisfaction or a new mortgage against block 16, lots 4201, 4203, 4601 and 4603, which would show real refinancing proceeds. More on how we track these filings is in our New York coverage.
On the record
What we checked ourselves, and where you can check it too.
- Public recordThe $357,000,000 agreement recorded Sept. 25, 2026 matches to the dollar an agreement recorded Aug. 3, 2011 and another recorded July 30, 2026 against the same lotsView the record on a836-acris.nyc.gov
- Public recordTwo $10 deeds dated Sept. 10, 2026 were recorded Sept. 25 with the MP entities and NEWCO entities named as granteesView the record on a836-acris.nyc.gov
On the record
- Primary recordNYC Department of Finance (ACRIS)Agreement, $357,000,000, 200 and 300 North End Avenue, recorded Sept. 25, 2026
- Primary recordNYC Department of Finance (ACRIS)Agreement, $357,000,000, recorded Aug. 3, 2011
- Primary recordNYC Department of Finance (ACRIS)Agreement, $357,000,000, recorded July 30, 2026