Jason Green through the entity Green Trout LLC paid $2.2 million to Rex Costello through the entity Wicksounds LLC for the two-unit mixed-use building (S2) at 94 Wilson Avenue in Bushwick, Brooklyn and industrial building (G1) at 199 Troutman Street in Bushwick, Brooklyn. The expected use is cash flowing. The deal closed on October 25, 2024 and was recorded on November 4, 2024. The two…
NY NeuroCare Medical Services through the entity Sapphire Jupiter, LLC paid $2.4 million to Michael Calabrese through the entity 2205 Hylan LLC for the office building (O8) at 2205 Hylan Boulevard in Midland Beach, Staten Island. The expected use is owner-occupied. The deal closed on September 23, 2024 and was recorded on November 4, 2024. The property has 4,400 square feet of built space according…
Tower Real Estate Investments through the entity Landmark Living LLC paid $5 million to King Emmanuel Missionary Baptist Church for the specialty building (M9) at 188 Bainbridge Street, 340 Malcolm X Boulevard and the two-unit mixed-use building (S2) at 344 Malcolm X Boulevard, all in Bedford Stuyvesant, Brooklyn. The expected use is ground up development. On these lots, there is one active new building construction…
Jesse Deutch’s Two80 Real Estate Ventures and Antonios Dagounakis through the entity 712 West 176 Realty LLC paid $6.1 million to Enterprise Asset Management through the entity 712 W 176 LLC for the 40-unit residential walkup building (C1) at 712 West 176th Street in Washington Heights, Manhattan. The expected use is cash flowing. The deal closed on October 30, 2024 and was recorded on November…
The Beijing-based Michelin-awarded restaurant chain Quanjude, through the entity 8162024 LLC by signatory Duo Zhang, paid $14.3 million to the former owner of La Grenouille, Philippe Masson, through the entity 3 E. 52nd St. Corp. for the mixed-use building (K4) at 3 East 52nd Street in Midtown East, Manhattan. The expected use is owner-occupied. The buyers have a website for the new restaurant, but no…
Four months after the government-sponsored entity Fannie Mae filed an $18.3 million pre-foreclosure action against the owner of the 154-unit rental building at 400 Herkimer Street in Bedford Stuyvesant, Brooklyn, the owner placed the property in bankruptcy protection. Property owner Amarbin Ahmed filed the chapter 11 petition October 31, 2024 in the Eastern District of New York U.S. Bankruptcy Court, two days after the court…
Tony Park and the Korean media company MediaWill through the entity 110 West 32nd LLC as borrower signed a rehab construction loan with lender Bank of Hope valued at $20 million for two commercial condominium units that will have 77 residential units, at 115 West 31st Street in Penn Station, Manhattan. The deal closed on October 21, 2024 and was recorded on November 1, 2024….
Brodsky Organization, GFP Real Estate, and Sorgente Group through the entity Flatiron Owner LLC as borrower signed a rehab construction loan with lender Tyko Capital through the entity Flatiron Debt Lender LLC valued at $200 million for the conversion of the office building (O4) at 175 Fifth Avenue in Flatiron District, Manhattan, into a residential and retail condominium building. The developers filed plans in early…
Abraham Posner signed a contract to pay an undisclosed amount to developer Joel Schwartz through the entity 104 Frost LLC, for the mid-construction 20-unit project at 104 Frost Street in Williamsburg, Brooklyn. The expected use is cash flowing. Schwartz owns the adjacent development at 98-100 Frost Street. On the lot, there is one active new building construction project, B00735002, for a 20-unit, 13,499 square-foot R-2…
Mohamad Jabakhanji through the entity 178weirfield LLC paid $1.6 million to the estate of the late Myrtle Clarke for the two-unit mixed-use building (S2) at 178 Weirfield Street in Bushwick, Brooklyn. The expected use is cash flowing. The deal closed on October 15, 2024 and was recorded on November 1, 2024. The property has 4,400 square feet of built space and 460 square feet of…
Rivky Brach through the entity Myrtle Woods 684 LLC paid $3.7 million to Mordechai Spira through the entity Myrtle 684 LLC for the six-unit mixed-use building (S5) at 684B Myrtle Avenue and the adjacent six-unit mixed-use building (S5) at 684 Myrtle Avenue, both in Bedford Stuyvesant, Brooklyn. The expected use is cash flowing. The deal closed on October 9, 2024 and was recorded on November…
Benedict Realty Group paid $33 million to Algin Management for two residential rental buildings at 40-40 79th Street and 56-11 94th Street in Elmhurst, Queens, in two transactions. Benedict Realty Group financed the purchase with a $24.75 million loan originated by CBRE Capital Markets Inc., a lending division of the brokerage CBRE. In the first, Benedict Realty Group, which also uses the acronym BRG, through…
Four Croman Real Estate rentals at 208 to 214 East 25th Street in Kips Bay, Manhattan, with a total judgment of $34 million held by Maverick Real Estate Partners, are set to be sold at auction on November 13, 2024, following the lifting of a stay of bankruptcy, according to a notice of sale filed last month in New York State Supreme Court. An affiliate…
Seven months after the developers of an 11-unit residential building known as the Apollo, at 231 East 123rd Street in East Harlem, Manhattan placed the asset in bankruptcy, the property is set to be sold at a $10.7 million foreclosure auction on November 20, 2024, according to a recent state foreclosure notice of sale. The developers of the building, Alex Halimi and Saul Mazor, placed…
Vipul Patel, Jai Patel, Krishna Mehta, Chandra Mehta, and Jagruti Patel through the entity Pride Hospitality LLC as borrower signed a refi loan with lender New Millennium Bank valued at $5.5 million for the hotel building (H4) at 139-09 Archer Avenue in Jamaica, Queens. The deal closed on May 20, 2024 and was recorded on October 31, 2024. The prior lender was Series 2015-GC28 with…
Dalan Real Estate and partner Mark Goldberg through the entity Aw Wgw Tic LLC (and others) as borrower signed a loan modification with lender BankUnited valued at $9 million for three properties with two residential units including the office building (O5) at 60 West 22nd Street, the retail building (K2) at 62 West 22nd Street and the retail building (K4) at 684 Sixth Avenue, all…
Yehuda Reich through the entity BSD 1216 Putnam LLC paid $1.6 million to Napier Park Global Capital through the entity Lh-Np-Strat Delaware LLC for the eight-unit residential walkup building (C1) at 1216 Putnam Avenue in Bushwick, Brooklyn. The expected use is cash flowing. The deal closed on October 15, 2024 and was recorded on October 31, 2024. The property has 5,194 square feet of built…
Ahmadu Garba and Jordan Garba paid $2.7 million to Alex Piroozian through the entity Brooklyn NY Rehab Inc. for the five-unit residential walkup building (C2) at 222 Van Buren Street in Bedford Stuyvesant, Brooklyn. The expected use is cash flowing. The deal closed on October 21, 2024 and was recorded on October 31, 2024. The property has 2,280 square feet of built space and 1,520…
Empire Builders Group NY through the entity Empire On Seventh LLC paid $2.8 million to Harel Edery’s EDRE Development through the entity 431 Owner, LLC for the 10-unit development site (V1) at 431 7th Avenue in South Slope, Brooklyn. The expected use is ground up development. On the lot, there is one active new building construction project, B00669824, for a 10-unit, 7,339 square-foot R-2 building….
The entity 753 Ninth Ave LLC with unknown ownership in care of the law firm Breuer Herskowitz paid $5 million to Madison Realty Capital through the entity 753 9th Ave Owner LLC for the 12-unit residential walkup building (C7) at 753 Ninth Avenue in Hell’s Kitchen, Manhattan. The expected use is cash flowing. The deal closed on October 15, 2024 and was recorded on October…
