Puck Building Penthouse Buyer Records $28M Bank of America Loan
It is a purchase loan, not a refinance: the debt covers two thirds of the price. The buyer sits behind a law firm address.
A penthouse in the Puck Building at 295 Lafayette Street sold for $42 million in July, and the buyer’s LLC has now recorded a $28 million Bank of America mortgage against it. City records show the loan is purchase financing, about two thirds of the price, and not a refinance of old debt.
Why it matters
The mortgage is dated Sept. 16 and was recorded Sept. 28. The borrower, Two Nine Three Lafayette LLC, took Unit 9C (PH2) by deed for $42,000,000 on July 27, so it financed 66.7% of the price and put in roughly $14 million of its own. The seller, Lyford Holdings LLC, paid $28,511,000 for the unit in February 2016, buying from Puck Residential Associates, which the city record lists in care of Kushner Companies. The resale is $13.49 million, or 47%, above that deed, about 3.8% a year over 10.5 years.
The numbers
City PLUTO data lists the building as a 1886, 10 floor condominium of 197,207 square feet. Bank of America is a repeat name on the lot: a 2016 partial release shows it as the holder of a mortgage on the Kushner sponsor entity, which it released as this unit sold. The buyer is not named in the record. The deed lists the law firm Patterson Belknap Webb & Tyler as the LLC’s address, and the mortgage borrower is the same LLC. The records we pulled do not say who is behind it, and we have not linked it to anyone. For another price set against a recorded deed, see our report on 374 Washington Avenue, and more in our New York coverage. One condo unit financed at two thirds of price by a national bank is a sign that top-end Manhattan buyers still use leverage even when they can pay cash.
What’s next
Watch for the satisfaction or any assignment of the loan in ACRIS, and for the unit’s next sale. We did not review other documents filed with the Sept. 28 mortgage, so any consolidation or assignment tied to it is not covered here.
On the record
What we checked ourselves, and where you can check it too.
- Public recordACRIS mortgage 2026092500807001 is a $28,000,000 Bank of America loan to Two Nine Three Lafayette LLC, dated Sept. 16 and recorded Sept. 28, 2026, on Manhattan block 510 lot 1106, a single condominium unit.View the record on a836-acris.nyc.gov
- Public recordThe same LLC took Unit 9C (PH2) at 295 Lafayette Street by deed 2026072900776001 for $42,000,000 on July 27, 2026, so the $28M loan covers 66.7% of the price and the buyer funded about $14M. It is acquisition debt, not a refinance.View the record on a836-acris.nyc.gov
- Public recordThe seller, Lyford Holdings LLC (address in Rosemead, California), bought the unit from the Kushner Companies sponsor entity in Feb. 2016 for $28,511,000 (deed 2016020901049001). The resale is $13.49M, or 47%, higher, about 3.8% a year over 10.5 years.View the record on a836-acris.nyc.gov
- Public recordThe buyer's LLC lists a law firm, Patterson Belknap Webb & Tyler, as its deed address, so the record does not name the person behind it.View the record on a836-acris.nyc.gov
Sources
- NYC ACRIS, mortgage document 2026092500807001Mortgage, $28,000,000, Two Nine Three Lafayette LLC to Bank of America, N.A., dated Sept. 16, 2026, recorded Sept. 28
- NYC ACRIS, deed document 2026072900776001Deed, Unit 9C (PH2), 295 Lafayette Street, $42,000,000, dated July 27, 2026, recorded Aug. 3
- NYC ACRIS, deed document 2016020901049001Deed, Puck Residential Associates to Lyford Holdings, $28,511,000, recorded Feb. 19, 2016
- NYC ACRIS, partial release 2016020901049003Partial release, Bank of America to Puck Residential Associates, c/o Kushner Companies, recorded with the 2016 sale
- NYC PLUTO (ZoLa), Manhattan block 510295 Lafayette Street, built 1886, 10 floors, 197,207 sq ft, condominium