Kaufman Studios Faces Foreclosure

New reports claim Deutsche Bank has filed a lawsuit to foreclose on Kaufman Astoria Studios after the owner defaulted on a $340 million loan. The loan, which was taken out in 2021 to buy the 500,000-square-foot studio, was due to be fully repaid by November 2025. When that deadline passed without payment, the total owed grew to more than $359 million due to added interest and fees.

This marks the second major studio-related default for the owner, Hackman Capital, in recent months, following its decision to hand over a Los Angeles studio property earlier this year after a separate billion-dollar loan default.

Kaufman Astoria Studios has long been a cornerstone of New York City’s film and television industry, with major tenants like Apple TV helping drive production in Queens. Any ownership change could have broader implications for local jobs, small businesses, and the neighborhood’s growing role in the entertainment sector.

OANA will continue to follow the situation and provide updates as they come in.