NY REIT Liquidating LLC Files 2024 10-K Amidst Liquidation
| Field | Detail |
|---|---|
| Company | New York Reit Liquidating LLC |
| Form Type | 10-K |
| Filed Date | Mar 31, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: liquidation, real-estate, 10-k
TL;DR
NY REIT is liquidating, check out the $10M capital reserve for Worldwide Plaza.
AI Summary
New York REIT Liquidating LLC filed its 10-K for the fiscal year ending December 31, 2024. The company is operating under a liquidation basis, as indicated by the "LiquidationBasisMember" tag. A significant event noted is the "MezzanineFirstLoanMember" and the "WorldwidePlazaMember" which had a "CapitalImprovementReserveMember" of $10.0M as of December 31, 2024. The filing also mentions "Nomura Holdings America Inc." in relation to "Worldwide Plaza".
Why It Matters
This filing provides insight into the financial status and ongoing liquidation process of New York REIT Liquidating LLC, which is crucial for investors and stakeholders to understand asset disposition and potential distributions.
Risk Assessment
Risk Level: medium — The company is in liquidation, which inherently carries risks related to asset valuation, sale timing, and potential recovery for stakeholders.
Key Numbers
- $10.0M — Capital Improvement Reserve (Associated with Worldwide Plaza as of 2024-12-31)
Key Players & Entities
- New York REIT Liquidating LLC (company) — Filer of the 10-K
- 2024-12-31 (date) — Fiscal year end
- Worldwide Plaza (company) — Key asset mentioned
- $10.0M (dollar_amount) — Capital Improvement Reserve for Worldwide Plaza
- Nomura Holdings America Inc. (company) — Mentioned in relation to Worldwide Plaza
FAQ
What is the total value of assets held by New York REIT Liquidating LLC as of December 31, 2024?
The provided snippet does not contain the total asset value, but it does mention a $10.0M Capital Improvement Reserve for Worldwide Plaza.
What is the status of the liquidation process for New York REIT Liquidating LLC?
The company is operating under a liquidation basis, as indicated by the 'LiquidationBasisMember' tag in the filing.
What is the nature of the relationship between New York REIT Liquidating LLC and Nomura Holdings America Inc.?
Nomura Holdings America Inc. is mentioned in relation to Worldwide Plaza, but the specific nature of the relationship is not detailed in this snippet.
When was the 'MezzanineFirstLoanMember' event recorded?
The filing indicates 'MezzanineFirstLoanMember' in conjunction with a subsequent event date of January 31, 2025.
What is the primary business of New York REIT Liquidating LLC?
New York REIT Liquidating LLC is classified under 'REAL ESTATE INVESTMENT TRUSTS [6798]' and is currently operating under a liquidation basis.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 31, 2025 regarding New York REIT Liquidating LLC.