Private company

New York REIT Liquidating LLC

New York REIT Liquidating LLC is an American real estate investment trust, incorporated in Delaware.1 It is headquartered in Boston, Massachusetts.1

Last updated Oct 20, 2026.

Overview

  • IndustryReal Estate Investment Trusts1
  • HeadquartersBoston, Massachusetts1
  • Incorporated inDE2
  • Business address7 Bulfinch Place, Suite 500, Boston, Ma 021142
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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All references to the “Company” refer to New York REIT Liquidating LLC. All references to “we,” “us,” or “our” refer to New York REIT Liquidating LLC and its consolidated subsidiaries, provided that, notwithstanding such references, the consolidated subsidiaries of the Company are distinct legal entities that are separate from the Company. References to the Company’s ownership, investment in, and rights and obligations and actions concerning WWP Holdings LLC ("WWP") or Worldwide Plaza refer to the interests, rights and obligations, and actions of the Company’s subsidiary ARC NYWWPJV001, LLC, except that references relating to the $90.7 million cash reserve established in 2017 from the proceeds of our sale of a 48.7% interest in Worldwide Plaza refer to amounts held by the Company and not by ARC NYWWPJV001, LLC. For example, statements such as “our sole remaining property-related asset is…4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Fiscal year20182019202020212022202320242025
Revenue
Operating income
Interest
Net income

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Corporate structure

New York REIT Liquidating LLC sits at the top of its group. 15 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of New York REIT Liquidating LLC

  • TSSP Sub-Fund HoldCo LLC Filed SC 13G/A on New York REIT Liquidating LLC, latest Feb 14, 2024
  • PACIFIC INVESTMENT MANAGEMENT CO LLC Filed SC 13G/A on New York REIT Liquidating LLC, latest Feb 14, 2023
  • New York REIT Liquidating LLC Boston, Massachusetts
    • ARC NY120W5701, LLC Subsidiary · Delaware, United States
    • ARC NYWWPJV001, LLC Subsidiary · Delaware, United States
    • EOP-NYCCA, L.L.C. Subsidiary · Delaware, United States
    • New York Communications Center Associates, L.P. Subsidiary · Delaware, United States
    • NY-Worldwide Plaza, L.L.C. Subsidiary · Delaware, United States
    • WWP Amenities Holdings, LLC Subsidiary · Delaware, United States
    • WWP Amenities MPH Lender, LLC Subsidiary · Delaware, United States
    • WWP Amenities MPH Partner, LLC Subsidiary · Delaware, United States
    • WWP Holdings, LLC Subsidiary · Delaware, United States
    • WWP Mezz II, LLC Subsidiary · Delaware, United States
    • WWP Mezz III, LLC Subsidiary · Delaware, United States
    • WWP Mezz, LLC Subsidiary · Delaware, United States
    • WWP Office, LLC Subsidiary · Delaware, United States
    • WWP TRS LLC Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What New York REIT Liquidating LLC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.0M7 Dec 31, 2024$4.6M7 Dec 31, 2023−77.2%
Stakes in other companies (equity method)$28.4M7 Dec 31, 2024$27.3M7 Dec 31, 2023+3.8%

Properties, in its own words

General

At December 31, 2024, our sole remaining property-related asset is a 50.1% interest in Worldwide Plaza located in New York, New York. The following table presents certain additional information about the property, including the rentable square footage and annualized cash base rent of Worldwide Plaza multiplied by our pro rata share of our investment in WWP:

The rest of Item 2

Property · Ownership · Pro-Rata RentableSq. Ft. · PercentOccupied · AnnualizedCash Base Rent(in thousands) · AnnualizedCash Base RentPer Sq. Ft.(in thousands) · Number ofLeases

Worldwide Plaza - Office · 50.1 · 910,621 · 58.0 · 28,696 · 54.36 · 15

Worldwide Plaza - Retail · 50.1 · 122,646 · 98.5 · 4,101 · 33.96 · 9

Total/Weighted Average · 1,033,267 · 62.8 · 32,797 · 50.57 · 24

Future Lease Expirations Table

The following is a summary of our pro rata share of Worldwide Plaza lease expirations for the next ten years as of December 31, 2024 (dollar value in thousands):

Year of Expiration · Number ofLeasesExpiring · ExpiringAnnualizedCash Rent (1) · Expiring AnnualizedCash Rent as aPercentage of the Total (1) · LeasedRentableSquare Ft. · Percentage ofTotal RentableSq. Ft. Expiring

2025 · 3 · 2,352 · 7.2 · 36,253 · 3.5

2026 · 3 · 2,851 · 8.7 · 52,694 · 5.1

2027 · 3 · 1,523 · 4.6 · 67,371 · 6.5

2028 · 1 · 97 · <1.0% · 911 · <1.0%

2029 · 2 · 69 · <1.0% · 1,218 · <1.0%

2030 · 1 · — · — · 15,409 · 1.5

2031 · 4 · 3,893 · 11.9 · 56,846 · 5.5

2032 · 2 · 1,593 · 4.9 · 30,487 · 3.0

2033 · 2 · 18,768 · 57.2 · 355,254 · 34.4

2034 · 1 · 1,392 · 4.2 · 28,524 · 2.8

Total · 22 · 32,538 · 99.2 · 644,967 · 62.8

Expiring annualized cash rent represents contractual cash base rents at the time of lease expiration added to current reimbursements from tenants, excluding electric reimbursements and free rent.

Tenant Concentration

As of December 31, 2024, Nomura's tenancy represented 57% of our total annualized cash base rents, excluding any rent from Cravath, whose lease terminated on August 31, 2024. Nomura has one termination option remaining and may exercise it for all or a portion of the tenant's premises. The cancellation date is as of December 31, 2026, with a notice date of June 30, 2025. The termination, delinquency or non-renewal of Nomura would have a material effect on the Company's operations. With the termination of the Cravath lease, Nomura is the only tenant at Worldwide Plaza whose annualized cash rent represents greater than 10% of the total annualized cash rent at the property.

Property Financing

As of December 31, 2024, the Worldwide Plaza debt, which is non-recourse to us, has an outstanding balance of $1.2 billion, bears interest at a blended rate of 3.98% per annum, requires monthly payments of interest only and matures in November 2027. We have no mortgage debt other than our 50.1% share of the Worldwide Plaza debt. Operating cash flow at the property was sufficient to cover the monthly debt service payments through August 2024. Interest on the Worldwide Plaza mezzanine debt has not been paid since August 6, 2024. On September 13, 2024, ARC NYWWPJV001, LLC received a copy of a default notice to WWP Mezz, LLC, a subsidiary of WWP, as borrower under a $190.0 million mezzanine first loan, as a result of failure by the borrower to make a required

interest payment of $0.8 million under the loan agreement. Cravath's lease at Worldwide Plaza expired on August 31, 2024 and operating cash flow at the property is no longer sufficient to cover property operations and debt service payments.

Item 2 of the 10-K filed Mar 31, 2025.4

Leadership

Who has led New York REIT Liquidating LLC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Michael A. Happel2015–2017
  2. John Andrew Garilli2018

President

  1. Michael A. Happel2014–2017
  2. John Andrew Garilli2018

Chief financial officer

  1. Brian S. Block2012–2013
  2. Shawn P. Seale2013–2014
  3. Nicholas Radesca2014–2017
  4. Gregory W. Sullivan2014–2015
  5. John Andrew Garilli2017–2018

Chief operating officer

  1. Peter M. Budko2012
  2. Gregory W. Sullivan2014–2015
201520202025
Board members and other officers (15)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • ARC NY120W5701, LLC Delaware3
  • ARC NYWWPJV001, LLC Delaware3
  • EOP-NYCCA, L.L.C. Delaware3
  • NY-Worldwide Plaza, L.L.C. Delaware3
  • New York Communications Center Associates, L.P. Delaware3
  • WWP Amenities Holdings, LLC Delaware3
  • WWP Amenities MPH Lender, LLC Delaware3
  • WWP Amenities MPH Partner, LLC Delaware3
  • WWP Holdings, LLC Delaware3
  • WWP Mezz II, LLC Delaware3
  • WWP Mezz III, LLC Delaware3
  • WWP Mezz, LLC Delaware3
  • WWP Office, LLC Delaware3
  • WWP TRS LLC Delaware3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • New York REIT, Inc.Apr 11, 2014 to Nov 7, 20182
  • AMERICAN REALTY CAPITAL NEW YORK RECOVERY REIT INCNov 12, 2009 to Apr 1, 20142

Timeline

  1. Jul 28, 20268-K Other events40
  2. Apr 16, 20268-K Other events41
  3. Oct 31, 20258-K Other events42
  4. Sep 23, 20258-K Entered a material agreement; Other events43
  5. Oct 6, 20218-K Entered a material agreement44
  6. Oct 22, 2018New chief executive John Andrew Garilli becomes CEO16
  7. May 27, 2015New chief executive Michael A. Happel becomes CEO17

Filings

25 filings to the SEC since October 2021: 4 annual reports, 12 quarterly reports, 5 major events, 2 large holders, 2 other. The latest 20:

  1. Jul 28, 20268-K EDGAR
  2. Apr 16, 20268-K EDGAR
  3. Oct 31, 20258-K EDGAR
  4. Sep 23, 20258-K EDGAR
  5. Aug 13, 202510-Q EDGAR
  6. May 15, 202510-Q EDGAR
  7. Mar 31, 202510-K EDGAR
  8. Nov 12, 202410-Q EDGAR
  9. Aug 12, 202410-Q EDGAR
  10. May 14, 202410-Q EDGAR
  11. Apr 1, 202410-K EDGAR
  12. Feb 14, 2024SC 13G/A EDGAR
  13. Nov 8, 202310-Q EDGAR
  14. Aug 7, 202310-Q EDGAR
  15. May 10, 202310-Q EDGAR
  16. Mar 31, 202310-K EDGAR
  17. Mar 17, 2023NT 10-K EDGAR
  18. Feb 14, 2023SC 13G/A NEW YORK REIT LIQUIDATING LLC EDGAR
  19. Nov 15, 202210-Q EDGAR
  20. Nov 10, 2022NT 10-Q EDGAR

The 25 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How New York REIT Liquidating LLC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARNew York REIT Liquidating LLC1
  • CIK0001474464
  • Employer ID (EIN)83-24265284
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6798 Real Estate Investment Trusts1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business address7 Bulfinch Place, Suite 500, Boston, MA 021141
  • Phone(617) 570-47501
  • Shares outstanding16,791,769 as of Aug 12, 202510
  • Public float$0 as of Dec 31, 20247
  • AuditorKPMG LLP, Boston, MA PCAOB ID 185; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceNov 12, 20091
  • Filings656 in all: 8-K (225), 4 (74), 10-Q (45), 424B3 (33), SC 13G/A (27), 3 (25), FWP (23), 8-K/A (21)1
    All 50 form types

    UPLOAD (19), DEFA14A (18), CORRESP (17), EFFECT (16), POS AM (16), 10-K (15), SC 13G (13), DFAN14A (10), S-11/A (8), DEF 14A (7), S-3ASR (3), SC TO-I/A (3), SC TO-T/A (3), 3/A (2), 4/A (2), ARS (2), PRER14A (2), S-11 (2), SC TO-C (2), 25 (1), 40-APP (1), 8-A12B (1), 8-A12G (1), 8-K12G3 (1), CERTNYS (1), D (1), D/A (1), DEFM14A (1), NT 10-K (1), NT 10-Q (1), PRE 14A (1), PREM14A (1), RW (1), S-3D (1), S-3MEF (1), S-4 (1), S-4/A (1), S-8 (1), SC 13D (1), SC 13D/A (1), SC TO-I (1), SC TO-T (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2025
    Quarterly report (10-Q) Aug 13, 2025
    Proxy statement (DEF 14A) May 1, 2017
    Latest 8-K (8-K) Jul 28, 2026

Risk factors and legal proceedings

The risks New York REIT Liquidating LLC names in Item 1A of its 10-K filed Mar 31, 2025: 37 risks under these headings, as written.4

  • Risks Related to The Liquidation Plan
  • We cannot assure you of the actual amount you will receive in liquidating distributions pursuant to the Liquidation Plan or when you will receive them.
  • We have filed an action for declaratory judgment in Delaware Chancery Court seeking a declaration regarding the Company’s right to distribute the $90.7 million cash reserve and our subsidiary has filed an action for declaratory judgment in the New York Supreme Court seeking declaratory relief that it need not fund certain disputed capital contributions which our joint venture partner contends exceed $82.0 million. Our joint venture partner has opposed our right to do so.
  • If we are unsuccessful in lifting the temporary restraining orders that have frozen our cash reserves, we could be rendered insolvent.
  • If we are unable to find buyers for our asset on a timely basis or at our expected sales prices, our liquidating distributions may be delayed or reduced.
  • We may require additional capital to implement the Liquidation Plan.
  • While we have consent rights over all major decisions, we are dependent on our joint venture partner, which is the administrative member and has day-to-day control over the activities of Worldwide Plaza, and there can be no assurance as to the timing of a sale of Worldwide Plaza or that we will realize our estimated value.
  • Our ability to sell the Worldwide Plaza property may be delayed by a right of first offer held by one of the tenants of the Worldwide Plaza property.
  • Liquidating distributions could be delayed or substantially diminished if contingent reserves are insufficient to satisfy our liabilities.
  • If we make distributions to our members without making adequate provisions for payment of creditors’ claims or expenses, the amount of liquidation proceeds will be reduced, and our members may be liable to the creditors to the extent of any payments due to creditors.
  • Decreases in property values may reduce the amount we receive upon the sale of our remaining property-related asset, which would reduce the amount our members receive in liquidating distributions.
  • If our liquidation costs or unpaid liabilities are greater than we expect, our liquidating distributions may be delayed or reduced.
The other 26 risks
  • Defaults under future sale agreements may delay or reduce liquidating distributions.
  • Stockholder litigation related to the Liquidation Plan could result in substantial costs and distract our management.
  • Interests in the limited liability company are generally non-transferable.
  • Risks Related to Our Properties and Operations
  • Our remaining property-related asset is located in the New York MSA, making us dependent upon the economic climate in New York City.
  • We may be adversely affected by certain trends that reduce demand for office real estate.
  • We face significant competition for tenants.
  • We may be unable to re-lease the space vacated by Cravath.
  • We may be unable to keep Nomura as a tenant or re-lease the space if the lease is terminated.
  • We may be unable to renew leases or re-lease space as leases expire.
  • Tenant credit concentrations make us more susceptible to adverse events with respect to those tenants.
  • If a tenant declares bankruptcy, we may be unable to collect balances due under relevant leases.
  • Our ability to operate our business and complete the Liquidation Plan depends upon the participation of executive officers, and other key personnel of the Winthrop Advisor, and there is no assurance that the advisory agreement with the Winthrop Advisor (the “Current Advisory Agreement”) will continue to be extended or that such officers and personnel will remain in place.
  • Our operating results are affected by economic and regulatory changes that can have an adverse impact on the real estate market in general.
  • Uninsured losses relating to real property or excessively expensive premiums for insurance coverage would reduce our cash flows and our liquidating distributions.
  • Terrorist attacks and other acts of violence, civilian unrest, or war may affect the markets in which we operate our business and our profitability.
  • Our property taxes could increase due to reassessment or property tax rate changes.
  • Costs of complying with governmental laws and regulations, including those relating to environmental matters and discovery of previously undetected environmentally hazardous conditions may adversely affect our operating results.
  • There are costs associated with complying with the Americans with Disabilities Act of 1990 (the “Disabilities Act”).
  • Our business could suffer in the event the Winthrop Advisor or any other party that provides us with services essential to our operations experiences system failures or cyber-incidents or a deficiency in cybersecurity.
  • Risks Related to Conflicts of Interest
  • Employees of the Winthrop Advisor, including employees who are our executive officers and a member of our Board of Managers, face conflicts of interest related to the positions they hold with the Winthrop Advisor and its affiliates.
  • The Winthrop Advisor and its affiliates face conflicts of interest relating to the structure of the fees they receive, which could result in actions that are not necessarily in the long-term best interests of our unitholders.
  • Risks Related to our Corporate Structure
  • We depend on our joint venture for cash flow and are structurally subordinated in right of payment to the obligations of our joint venture.
  • Our rights and the rights of our members to recover claims against our managers and officers are limited, which could reduce recoveries against them if they cause us to incur losses.
  • Risks Associated with Debt Financing and Investments
  • Our Joint Venture has outstanding debt, and the amount of debt and its cost may increase and refinancing may not be available on acceptable terms.
  • Tax-exempt entities and non-U.S. persons face unique tax issues from holding units that may result in adverse tax consequences to them.
  • You may be subject to state and local taxes and return filing requirements in the state where the Company owns property as a result of holding units.

Legal proceedings

On December 28, 2022, the Company filed suit against WWP JV LLC captioned New York REIT Liquidating LLC v. WWP JV LLC, (Del. Ch.). The Company is seeking declaratory relief that it is not bound by the LLC Agreement and that it is under no obligation to maintain the reserve of more than $90 million (the “Reserve”) which was established in 2017 in connection with a transaction between the Company’s subsidiary, ARC NYWWPJV 001, LLC, and WWP JV LLC relating to WWP JV LLC's proposed investment in Worldwide Plaza, an office and retail mixed-use project located in midtown Manhattan. On May 11, 2023, the Delaware Court of Chancery stayed the case pending resolution of the New York litigation initiated by the Company's subsidiary, ARC NYWWPJV001, LLC, as described below.

The opening of Item 3, Legal Proceedings.4

Sources

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