U-Haul parent company Amerco through the entity Amerco Real Estate Company paid $6.5 million to Mega Contracting Group through the entity Astwood Realty, LLC for the industrial building (E1) at 27-07 Brooklyn Queens Expressway in Woodside, Queens. The expected use is ground up development. The deal closed on September 16, 2024 and was recorded on September 19, 2024. The property has 6,000 square feet of…
JPMorgan Chase filed a $30 million pre-foreclosure action at 547-553 West 27th Street, a six-story, 97,200-square-foot retail building in Chelsea, alleging the loan was in a payment default. The owner is Yitzhak Pastreich of Pinetree Group. Case LINK Yitzhak Pastreich, also known as James or Jim Pastreich, bought the building in 1999 for $750,000. He refinanced the building several times over the years, including the…
The Blackstone Group through the entity SIG CRE 2023 Venture LLC filed a $15.2 million pre-foreclosure action alleging the loan provided to Lightstone Group through its 485 Retail Parcels LLC and secured by two retail condominium units with a total of 3,846 square feet at the base of the Moxy hotel at 485 Seventh Avenue in the Garment District, was in default. The lender filed…
Jonathan Ohebshalom’s Sky Management paid Madison Realty Capital $18.5 million for the 36-unit Chelsea rental at 421 West 21st Street. Madison Realty Capital bought the property for $21.75 million in 2014, with plans to reposition and modernize the building. Madison Realty Capital is one of the city’s most active private equity investment firms, deeply involved in lending, development and ownership. The elevator building with 36…
Mariano Diaz through the entity Amelia And Celine Realty LLC paid $6 million to Harvey Rosenblum through the entity 326/328 Graham Avenue Corp. for the 11-unit residential walkup building (C7) at 326 Graham Avenue in Williamsburg, Brooklyn. The expected use is cash flowing. The deal closed on September 17, 2024 and was recorded on September 18, 2024. The property has 12,000 square feet of built…
Wolfe Landau’s Watermark Capital Group through the entity Hoyt Complex LLC signed a 99-year ground lease with Jacob Marciano through the entity Jezin LLC for the four-unit mixed-use building (S9) at 208 Livingston Street and 42 to 50 Hoyt Street in Boerum Hill, Brooklyn, in a deal valued at $10.1 million. The expected use ground up development. The lease was signed on September 13, 2024…
A referee appointed by a New York State Supreme Court justice set October 16, 2024, as the date for a foreclosure auction to sell the office and retail building at 158 Lafayette Street, also known as 151 Grand Street, in Little Italy, which has a judgment lien of $35.3 million. The property is owned by Dan Arev’s Link Real Estate and Baruch Singer and has…
Bushburg Properties through the entity Pine RE LLC paid $160 million to Rudin Development Group through the entity 80 Pine LLC for the 1.1 million square foot office building at 80 Pine Street with an alternate address of 110 Maiden Lane, in the Financial District, Manhattan. The expected use is conversion to residential. The purchase was financed with a $134.4 million loan from Pine Financial…
Lenders filed two pre-foreclosure actions yesterday, the larger was for an $11.9 million loan secured by the newly built 36-unit building at 531-535 West 159th Street in Washington Heights, Manhattan, and the smaller was for a $6.6 million loan secured by the 14-unit building at 651 Brooklyn Avenue in East Flatbush. The larger building was divided into two commercial condominium units, with a total of…
NCV Capital Partners and the nonprofit Unique People Services through the entity 1415 Ogden Avenue Housing Development Fund Corp. as borrower signed a new construction loan with lender JPMorgan Chase through the entity Unique People Services, Inc. valued at $52.1 million for the specialty building (M1) at 1415 Ogden Avenue in Highbridge, Bronx. On the lot, there is a new building construction project, X00969702, for…
ZD Jasper Realty through the entity Zdj W 37 LLC as borrower signed a new construction loan with lender Maxim Capital Group through the entity Maxim Credit Group, LLC valued at $117.5 million for the industrial building (G1) at 430 West 37th Street in Hudson Yards, Manhattan. On the lot, there is one active new building construction project, M00813221, for a 128-unit, 128,331 square-foot R-2…
Eduard Nektalov through the entity EBM Properties 2024 LLC paid $2.5 million to Andor Deutsch through the entity Anvic Estate LLC for the property at 62 West 47th Street in Midtown West, Manhattan. The expected use is owner-occupied. The deal closed on September 4, 2024 and was recorded on September 17, 2024. The property has 3,209 square feet of built space according to a PincusCo…
Forever Creations USA through the entity Bardia Holdings LLC paid $3 million to Sahar Atid through the entity Sahar-Atid Properties, LLC for the office condo at 50 West 47th Street in Midtown West, Manhattan. The expected use is owner-occupied. This is in the International Gem Tower Extell Development built. The deal closed on September 5, 2024 and was recorded on September 17, 2024. The property…
The Mondi family sold a six-parcel development site in Dyker Heights, Brooklyn, at 708 to 712 61st Street and 716 to 720 61st Street for $8 million in two transactions. The parcels are contiguous but on 61st Street they do not include 714 61s Street, owned by Hok Doon John Au. The buyer entity LF 718 Realty, is registered at a Brooklyn address associated with…
Eugene Khody and Aleksandra Kogen through the entity 820 Bergen 123 LLC paid $5.7 million through a judicial foreclosure for a property formerly owned by Mylene Liggett for the development parcel (V0) at 820 Bergen Street in Crown Heights, Brooklyn. The expected use is ground up development. The deal closed on September 16, 2024 and was recorded on September 17, 2024. The property has zero…
Waste Connections through the entity Royal Waste Property Holdings, LLC paid $12.6 million to Royal Waste Services through the entity Royal Brothers Bronx Realty LLC for the specialty building (Z9) at 891/899 East 135th Street in Mott Haven, Bronx. The expected use is owner-occupied. The deal closed on September 3, 2024 and was recorded on September 17, 2024. The property has 17,745 square feet of…
Doe Fund through the entity 2736 Creston Avenue Housing Development Fund paid $26 million to SKF Development through the entity 2732 Creston Development LLC for the newly constructed 65-unit residential elevator building (D1) at 2738 Creston Avenue in Bedford Park, Bronx. The expected use is cash flowing. The deal closed on August 30, 2024 and was recorded on September 17, 2024. The property has 37,744…
Beitel Group through the entity Walton Street GC Developments LLC as borrower signed a refi loan with lender Slate Property Group through the entity Scale 261 Grand Concourse Lender LLC valued at $29 million for three properties including at 261 Grand Concourse, 270 Walton Avenue and at 315 Grand Concourse in Mott Haven, Bronx. There is a development project, X00561795, for a new building calling…
The entity H Mazal LLC with the signatory Tomer Hillel paid $3 million to Zdislav David Lasevski through the entity U.N.D. LLC for the retail building (K1) at 391 Canal Street in SoHo, Manhattan. This is the former location of the electronics store Argo. The deal closed on September 10, 2024 and was recorded on September 16, 2024. The property has 2,208 square feet of…
SolaREIT through the entity Solareit2-A-II LLC paid $3.2 million to William Ausperger through the entity WNT Properties, LLC for the industrial building (E9) at 4452 Park Avenue in Belmont, Bronx and industrial lot (G7) at 4448 Park Avenue in Belmont/Little Italy, Bronx. The expected use is owner-occupied. The deal closed on September 5, 2024 and was recorded on September 16, 2024. The two properties have…
