Empire State Realty Trust through the entity ESRT 100-104 North 6th Street, L.L.C. paid $18.1 million to L3 Capital through the entity Rs Jz Bedford – N 6th, LLC for the retail building (K1) at 100-104 North 6th Street in Williamsburg, Brooklyn. The expected use is cash flowing. The other two purchases were 124 North 6th Street for $18.1 million and 134 North 6th Street…
The family of Chris Paravalos and John Paravalos through the entity 151 East 19th Realty Group LLC paid $10.3 million to the entity 151 East 19th Street, LLC for the 20-unit residential elevator building (D7) at 151 East 19th Street in Gramercy, Manhattan. The expected use is cash flowing. The deal closed on September 24, 2024 and was recorded on October 2, 2024. The property…
Empire State Realty Trust through the entity Esrt 124-128 North 6th Street, L.L.C. paid $18.1 million through a real estate owned to L3 Capital through the entity Rs Jz Bedford – N 6th, LLC for the retail building (K1) at 124 North 6th Street in Williamsburg, Brooklyn. The expected use is cash flowing. This is the second transaction between the parties reported recently. In the…
Jack Guttman’s Pearl Realty Management through the entity 47-10 Austell LLC paid $11 million to the Vanbarton Group through the entity Eib Austell LLC for the office building (O5) at 47-16 Austell Place in Long Island City, Queens. The expected use is cash flowing. The sale price is below a multi-advance term loan with a maximum principal of $17.4 million written in April 2018, but…
The Nagin family’s Superior Management through the entity Roebling Management LLC paid $18.99 million to developer the Loketch Group through the entity 225 Roebling LLC for the 10-unit and retail rental building at 207 South 3rd Street in Williamsburg, Brooklyn. The sale price was nearly identical to the maximum principal of a loan Loketch obtained in 2020, for $18.9 million. The deal closed on September…
PH Realty Capital, Rockledge and Alma Realty obtained a $53 million acquisition loan from Florida-based BridgeInvest for rentals the partners purchased from Sentinel Real Estate in Brooklyn and Manhattan. The loans were distributed over three filings. In the first, PH Realty Capital, Rockledge and Alma Realty through the entity 110 Bennett Avenue Owner LLC as borrower signed a acquisition loan with lender BridgeInvest through the…
Treeline Companies through the entity 175 Remsen Owner Tic 1 LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $30 million for the office building (O6) at 175 Remsen Street in Brooklyn Heights, Brooklyn. The deal closed on September 10, 2024 and was recorded on October 1, 2024. The prior lender was Wells Fargo which held debt that had an original…
AJU Continuum through the entity Blue 31st Street NYC LLC as borrower signed a refi loan with lender Hanmi Bank valued at $90 million for two hotels including the hotel (H3) at 52-56 West 36th Street in the Garment District, and the hotel (H2) at 30 West 31st Street in Penn Plaza, Manhattan. AJU Continuum was formerly known as AJU Hotel and Resort. The deal…
UPDATED: Two80 Real Estate Ventures through the entity 105 Haven Realty LLC paid $8.1 million to Stellar Management through the entity Haven Uptown Associates, L.L.C. for the 68-unit residential walkup building (C7) at 105 Haven Avenue in Washington Heights, Manhattan. The expected use is cash flowing. The deal closed on September 30, 2024 and was recorded on October 1, 2024. The property has 56,443 square…
Poise Property Group through the entity 259 22nd Street LLC paid $12 million to St. John’s Roman Catholic Church in the City of Brooklyn for a development site at 259 22nd Street in Greenwood Heights, Brooklyn. The expected use is ground up development. The deal closed on September 11, 2024 and was recorded on October 1, 2024. The signatory for Roman Catholic Church and St….
Punta Na, the family office for the billionaire retailer Isak Andic, through the entity Punta Na Broadway LLC, paid $26.9 million to Invesco Real Estate through the entity Invesco Immobilien Fonds Iv U.S. Partners, L.P. for the retail condo at 512 Broadway also known as 56 Crosby Street in SoHo, Manhattan. The expected use is cash flowing. The deal closed on September 30, 2024 and…
Empire State Realty Trust through the entity Esrt 130-136 North 6th Street, L.L.C. paid $28.3 million to L3 Capital through the entity Rs Jz Bedford – N 6th, LLC for the retail building (K1) at 134 N 6th Street in Williamsburg, Brooklyn. The expected use is cash flowing. The deal closed on September 25, 2024 and was recorded on October 1, 2024. The property has…
London-based BNF Capital through the entity Crosbyview LP paid $20.8 million to Squire Investments through the entity 43 Crosby Street Property Owner LLC for 43 Crosby Street, a five-story residential and retail (D2) building, in SoHo, Manhattan. CoStar reported that BNF Capital is a London-based family office for members of the Anglo-French Perrodo family. The deal closed on September 30, 2024 and was recorded on…
Bifen Liu through the entity Sunrise USA 168 LLC paid $6.8 million to Shirley Hsiao Hsueh Yao and Shu Ming Huang through the entity 41-12 Main Street LLC for the retail building (K2) at 41-12 Main Street in Flushing, Queens. The expected use is cash flowing. The deal closed on September 20, 2024 and was recorded on September 30, 2024. The property has 3,499 square…
Kab Yong Bang through the entity Big Bang 45 LLC paid $6.8 million to Dennis Anastasis and Eleana Kokotos through the entity Anastasis Bros., Inc. for the adjacent retail buildings (K2) at 45-31, 45-37 and 45-43 Bell Boulevard in Bayside, Queens. The expected use is cash flowing. The deal closed on September 25, 2024 and was recorded on September 30, 2024. The three properties have…
Bobby Cayre’s Aurora Capital Associates through the entity 34 Gansevoort Partners LLC paid $7.5 million to Arizona State Retirement System through the entity Cholla 34 LLC for the mixed-use retail building (K4) at 34 Gansevoort Street on the border of the Meatpacking District and the West Village, Manhattan. The expected use is cash flowing. An affiliate of L3 Capital bought it from the Sitt family…
Jonathan Ohebshalom’s Sky Management through the entity Gulch 3 LLC paid $11.8 million to SMA Equities through the entity 303 Brow De LLC for the 22-unit residential walkup building (C7) at 305 Broome Street in Lower East Side, Manhattan. The expected use is cash flowing. The deal closed on September 24, 2024 and was recorded on September 30, 2024. The property has 18,055 square feet…
Ashkenazy Acquisition acquired an interest from Eddie Gindi, Raymond Gindi, and Isaac Gindi through the entity G-Cross Bronx Partners valued for the purposes of city transaction taxes at $20.3 million, for a 49.9 percent stake in the retail building (K6) at 961 East 174th Street in East Morrisania, Bronx. The parties recently settles a multi-year dispute over their holdings, as The Real Deal reported last…
Flagstar Bank filed a $48.95 million pre-foreclosure action alleging payment defaults on a four-building portfolio composed of 65 Seaman Avenue, 144 Sherman Avenue, and 40 Arden Street in Manhattan and 119-20 Union Turnpike in Queens. Case LINK Court filings represent the position of one party and are not necessarily accurate or complete. The complaint identified Alexander Hajibay and Michael Aryeh as guarantors. Alexander Hajibay through…
Mark Harounian filed a lawsuit yesterday in New York State Supreme Court in Manhattan asking a judge to order his father Jacob Harounian and his wife Violet to turn over $2 million as a partial satisfaction of an $8.9 million judgment the court handed down in 2023. That was the result of a 2017 suit Mark filed alleging his father Jacob took $5 million from…
