Lakhi Zoria through the entity 129 Metropolitan Ave LLC paid $5.3 million to Maurice Kohan through the entity 129 Metropolitan Group LLC for mostly vacant lots at 129-19 Metropolitan Avenue and at 129-11 Metropolitan Avenue in Kew Gardens, Queens. The space has been occupied by a used car dealer. This is a likely development site. The deal closed on November 18, 2024 and was recorded…
The nonprofit Commonpoint NY which also does business as the Samuel Field YM & YWHA paid $7.9 million to Madison Square Boys & Girls Club for the specialty building (P3) at 1665 Hoe Avenue in East Morrisania, Bronx. The expected use is cash flowing. The deal closed on November 27, 2024 and was recorded on December 5, 2024. The property has 36,900 square feet of…
Wei Chen through the entity 1037 Development LLC paid $8.4 million to Christopher Scala through the entity 10-37 49th Ave. Corp. for the industrial building (E2) at 10-45 49th Avenue and the office building (O5) at 10-37 49th Avenue in Long Island City, Queens. The expected use is ground up development. The deal closed on November 22, 2024 and was recorded on December 5, 2024….
The entity 32 East 22nd Street, LLC paid $10.4 million to Robert Siegel through the entity SR 3222, LLC for the three-unit mixed-use building (S3) at 32 East 22nd Street in Flatiron District, Manhattan. The expected use is cash flowing. The deal closed on November 21, 2024 and was recorded on December 5, 2024. The property has 8,900 square feet of built space and 4,109…
Zar Property NY through the entity West 57th Street LLC paid $27 million to GFP Real Estate through the entity Musart Associates LLC for the office building (O6) at 119 West 57th Street in Midtown West, Manhattan. The expected use is cash flowing. The deal closed on November 25, 2024 and was recorded on December 5, 2024. The property has 112,147 square feet of built…
Naftali Hager, Carl Caller, and Jacob Hager through the entity 213 Union Realty, LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $5.2 million for the 34-unit residential walkup building (C7) at 213 Union Avenue in Williamsburg, Brooklyn. The deal closed on November 26, 2024 and was recorded on December 4, 2024. The prior lender was Flagstar Bank which held debt…
Hudson Companies and BedRock Real Estate Partners through the entity 22 Caton Property Owner LLC as borrower signed a refi loan with lender Cathay Bank valued at $21 million for the 73-unit residential elevator building (D1) at 22 Caton Place in Windsor Terrace, Brooklyn. The deal closed on November 25, 2024 and was recorded on December 4, 2024. The prior lender was Investors Bank which…
Bok Gil Choi through the entity 4407 Sunny LLC paid $4.8 million to Victor Gallego through the entity Capira Realty LLC for the retail building (K1) at 44-07 43rd Avenue in Sunnyside, Queens. The deal closed on November 26, 2024 and was recorded on December 4, 2024. The property has 8,000 square feet of built space and 24,000 square feet of additional air rights for…
Vinod Chadha through the entity Park Hotelz LLC paid $5.4 million to Yura Matat through the entity 425 E179 Street LLC for the hotel building (H3) at 4325 Park Avenue in Tremont, Bronx. The expected use is cash flowing. The deal closed on November 26, 2024 and was recorded on December 4, 2024. The property has 11,408 square feet of built space according to a…
Owemanco Mortgage Holding Corporation through the entity Owemanco’S Broadway Run LP acquired the mixed-use retail building (K4) at 42 East Broadway in Chinatown, Manhattan through a $10.2 million bankruptcy from the former owner, Chen Lieh Tang through the entity Q.Y. Tangs Hwa Yuan Inc. The expected use is cash flowing. The deal closed on November 15, 2024 and was recorded on December 4, 2024. The…
Joyland Group through the entity Kesef Tziri LLC paid $45.3 million to L3 Capital through the entity L3 Kent Assemblage LLC for the development site (V1) at 133 Kent Avenue in Williamsburg, Brooklyn. The deal closed on November 27, 2024 and was recorded on December 4, 2024. The contract date was February 6, 2024. The property has 5,000 square feet of built space and 55,000…
The EB-5 investment company U.S. Immigration Fund through the entity BPL Funding 100 LLC, alleges a $110 million mezzanine loan given to the developers of the project known as One Clinton Street, in Brooklyn Heights, is in a maturity default. According to the complaint, the loan was given in 2017 and had a final maturity date of June 15, 2024, and has not been repaid….
For the sixth time this year, Aby Rosen and Michael Fuchs’s RFR Holding has been hit with a pre-foreclosure action against one of its buildings. The total original debt for the six actions is $450 million. The most recent case was filed yesterday in New York State Supreme Court in Manhattan, with special servicer Rialto Capital Advisors for the securitized trust, known as Series 2014-C23,…
Green Loan Services, the special servicer for the securitized trust known as Morgan Stanley Capital I Trust 2021-230P, Commercial Mortgage Pass-Through Certificates, Series 2021-230P, filed a pre-foreclosure action yesterday alleging the $670 million loan secured by RXR Realty’s 230 Park Avenue in the Grand Central neighborhood of Manhattan was in a maturity default. The case was filed in New York State Supreme Court in Manhattan….
Orin Portnoy paid $2.6 million for two adjacent commercial properties, 18 Grattan Street and 20 Grattan Street, in East Williamsburg, Brooklyn, in two transactions. One of the properties, 18 Grattan Street, is home to Sey Coffee, which Food & Wine dubbed the best coffee shop in the United States in 2019. In the first, Orin Portnoy through the entity Grattan Bogart 18 LLC paid $1.3…
Minerva Development through the entity 524 Ps LLC paid $2.4 million to the estate of Marion Dolores Smith for the two-unit building (B9) at 524 11th Street in South Slope, Brooklyn. The expected use is cash flowing. The deal closed on October 28, 2024 and was recorded on December 3, 2024. The property has 2,322 square feet of built space and 1,585 square feet of…
Green Street Group through the entity 536 Metro Spe LLC paid $3.5 million to the entity Arf Metro, LLC (and others) for the four-unit mixed-use building (S4) at 536 Metropolitan Avenue in Williamsburg, Brooklyn. The deal closed on November 20, 2024 and was recorded on December 3, 2024. The property has 3,750 square feet of built space and 18,608 square feet of additional air rights…
Builders Group USA through the entity 544 East 171 Street LLC paid $4.2 million to the Pogostin family through the entity Crotona Realty Corp for the industrial building (F1) at 544 East 171st Street in Morrisania, Bronx. The expected use is ground up development. On the lot, there is one active major alteration construction project, X01048391, for a 44-unit, 13,762 square-foot building. The project was…
Ben-Josef Group Holdings through the entity 856 Hancock Street Development LLC paid $4.2 million to Aron Herczl through the entity Ah Clinton Realty LLC for the eight-unit residential walkup building (C1) at 856 Hancock Street in Bedford Stuyvesant, Brooklyn. The expected use is cash flowing. The deal closed on November 19, 2024 and was recorded on December 3, 2024. The property has 5,740 square feet…
The entity 200 W 96 LLC registered with the law firm Breuer Herskowitz paid $6.2 million to Bruce Haley through the entity 200 West 96th St., LLC for the eight-unit residential walkup building (C7) at 734 Amsterdam Avenue, also known as 200 West 96th Street in the Upper West Side, Manhattan. The expected use is cash flowing. The deal closed on November 22, 2024 and…
