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Deutsche Bank Files $340M Pre-Foreclosure on Kaufman Astoria Studios

Source: bisnow.com

Deutsche Bank filed a $340M pre-foreclosure on Kaufman Astoria Studios in Queens.
The studio owes about $338M on a 2019 loan that matured last year.
This action signals financial distress for the major film production site amid industry challenges.

Deutsche Bank has launched a pre-foreclosure process against Kaufman Astoria Studios, a key New York film production facility, over an unpaid $338M loan. The lender filed a $340M lis pendens - a legal notice signaling an impending foreclosure - on the 20-acre Queens property. This move highlights mounting financial pressures on the studio, once home to hits like Men in Black and Goodfellas, as Hollywood grapples with strikes, streaming shifts, and rising costs. It matters because the site is a v