Namdar Realty Group, Empire Capital, and Mason Asset Management through the entity Plant Realty LLC (and others) paid $40.5 million through a short sale to Related Companies through the entity RREF II The Plant, LLC for the office building (O6) at 321 West 44th Street in Hell’s Kitchen, Manhattan. The expected use is cash flowing. Related’s Related Fund Management bought the building in 2018 for…
UPDATED 6:50 a.m., September 24, 2024: The New York Hotel Trades Council and Hotel Association of New York City Health Center paid a total of $69.5 million in two transactions for the office and the retail condominiums that make up the commercial building at 646 Sixth Avenue, at the corner of 19th Street on the Ladies Mile stretch of the Flatiron District, Manhattan. The expected…
Waste Connections based in suburban Houston, through the entity Royal Waste Property Holdings LLC, paid $26.5 million to Royal Waste Services through the entity M & P Reali Enterprises, Inc. for the industrial building (E1) at 172-02 to 172-06 Douglas Avenue in Jamaica, Queens. This is the second purchase Waste Connections has made from Royal Waste this month. The deal closed on September 3, 2024…
Related Companies’ CEO Jeff Blau filed a lawsuit Friday asking a judge to restrain a group of angry EB-5 investors from allegedly hostile activities targeting Blau and his family at his home in New York City. The individuals, seven foreign nationals who are now green card holders through the EB-5 program, are seeking the return of their $500,000 investments made that financed a portion of…
A special servicer filed three pre-foreclosure actions last week totaling $16.75 million in original principal alleging the loans secured by 709–711 DeKalb Avenue in Bedford Stuyvesant, 1131 President Street in Crown Heights and 372 Montgomery Street in Crown Heights were in a payment — and other — defaults. The properties are all owned by the same individual, Yeshaya Wasserman, the filings show. The special servicer…
Nathan Silverman and Shia Mendel through the entity 3240 Grace Ave LLC as borrower obtained a renovation construction loan with lender Levon Capital through the entity Levon NY CXXIV LLC valued at $11.5 million for the development of a homeless shelter at the industrial building (E9) at 3240 Grace Avenue in Baychester, Bronx. The deal closed on September 17, 2024 and was recorded on September…
Alma Realty through the entity Getty Industries LLC as borrower signed a refi loan with lender Customers Bank valued at $9.8 million for two residential elevator properties with 75 residential units including the 50-unit residential elevator building (D7) at 5008 Broadway in Inwood, Manhattan and 25-unit residential elevator building (D7) at 4441 Broadway in Washington Heights, Manhattan. The deal closed on September 9, 2024 and…
Crescent Heights through the entity 165 E 66, LLC as borrower signed a refi loan with lender Citibank through the entity Citi Real Estate Funding Inc. valued at $18 million for the retail condominium unit at the base of the Hanley condominium at 165 East 66th Street in Lenox Hill, Manhattan. The retail spans the entire blockfront of Third Avenue from 66th Street to 67th…
Madison Realty Capital through the entity 550 W 29th St Commercial Owner LLC paid $4.1 million to Raba Haim Abramov through the entity 550 West 29th Street LLC for the retail condo at 550 West 29th Street in Chelsea, Manhattan. The expected use is cash flowing. The deal closed on September 13, 2024 and was recorded on September 20, 2024. The property has 5,022 square…
Rodshel Pinkhasov through the entity Union Turnpike Holdings LLC paid $5.5 million to Jacob Kriger through the entity 300 Straight Street, Inc. for the retail building (K1) at 189-03 Union Turnpike in Fresh Meadows, Queens. The expected use is cash flowing. The parcel spans the entire 200-foot frontage on Union Turnpike from 189th Street to 190th Street. The deal closed on September 5, 2024 and…
Meridian Properties through the entity Epsilon 19th 1C LLC paid $6 million to the entity 7920 19th Avenue LLC for the 48-unit residential elevator building (D1) at 7920 19th Avenue in Bensonhurst, Brooklyn. The expected use is cash flowing. The deal closed on August 23, 2024 and was recorded on September 20, 2024. The property has 48,000 square feet of built space according to a…
Jay Heleva, the CEO of out-of-home advertising company Seen Media Group, through the entity 282 Hudson LLC paid $6.9 million to Kenneth Haft through the entity Kh 282 Hudson, LLC for the three-unit mixed-use building (S3) at 282 Hudson Street in Hudson Square, Manhattan. The deal closed on September 16, 2024 and was recorded on September 20, 2024. The property has 4,440 square feet of…
Construction supply company Casa Building Materials through the entity 900 Edgewater LLC paid $7 million to Angela Dellorusso through the entity 900 Edgewater Sam, Inc. for the industrial property (G9) at 900 Edgewater Road in Hunts Point, Bronx. The expected use is owner-occupied. The deal closed on September 12, 2024 and was recorded on September 20, 2024. The property has 21,100 square feet of built…
UPDATED: New Momentum Real Estate LLC, in care of former money manager Jeff Vinik’s Tampa Bay-based family office Partners Asset Management LLC, paid $14 million through to ACRES Capital through the entity 170 East 80th Street Holdings, LLC for the Waterfall Mansion, a retail townhouse (K2) at 170 East 80th Street in Carnegie Hill, Manhattan. The expected use is owner-occupied. The sale is a real…
The Koptiev family’s Platinum Realty Associates through the entity 833 Flat LLC paid $12.5 million to Harbor Group International through the entity 22-26 Flatbush, LLC for the mixed-use building (K2) at 833 Flatbush Avenue and the adjacent retail building (K1) at 847 Flatbush Avenue in Flatbush, Brooklyn. Harbor Group International bought the two buildings in 2015 for $22 million. The deal closed on September 6,…
Morris Bawabeh through the entity Midyan Gate Realty LLC as borrower signed a refi loan with lender Israel Discount Bank valued at $17.6 million for four retail properties including the retail building (K1) at 190 East 98th Street, the retail building (K1) at 90 East 98th Street, and the retail building (K1) at 144 East 98th Street in Brownsville, Brooklyn. The deal closed on September…
Aron Kapelyus through the entity Pulaski Development LLC as borrower signed a refi loan with lender Amalgamated Bank valued at $12.2 million for four properties with 58 residential units including the 30-unit residential elevator building (D9) at 470 Pulaski Street, the 12-unit residential elevator building (D1) at 476 Pulaski Street, the eight-unit residential walkup building (C1) at 468 Pulaski Street and the rental building 466…
Mack Real Estate Group through the entity 19 India Fee Owner LLC as borrower signed a refi loan with lender Apollo Global Management through the entity Athene Annuity And Life Company valued at $158.5 million for the 368-unit residential and retail building The Greenpoint at 19 India Street in Greenpoint, Brooklyn. The deal closed on August 29, 2024 and was recorded on September 19, 2024….
UPDATED: Parke Leatherman’s Lockhill Properties paid Dean Marchi $6.15 million for adjacent walkup properties in Kips Bay, Manhattan, at 243 and 245 East 31st Street in two separate transactions. In the larger, Lockhill Properties through the entity 245 East 31st Owner LLC paid $3.6 million to Dean Marchi through the entity Nina Estates, Inc. for the 18-unit walkup building (C5) at 245 East 31st Street…
UPDATED: Lipa Engel through the entity 1713 Equities LLC paid $3.8 million to Sugar Hill Capital Partners, through the entity 1713 8th Avenue Residences, LLC for the office building (O5) at 1713 8th Avenue in South Slope, Brooklyn. The expected use is to convert it to a 29-unit residential building. On the lot, there is one active major alteration construction project, B01055195, for a 29-unit,…
