The former lender on the property, MetLife, through the entity 240 West 35th Owner LLC acquired from ATCO Properties & Management the office building (O6) at 240 West 35th Street in the Garment District, Manhattan, through a foreclosure auction with the transfer value of $30 million. The prior debt was $72.75 million provided in 2018. The transfer closed on June 26, 2024 and was recorded…
The Sakhai brother’s Sovereign Partners through the entity 780 3rd Owners, LLC paid $177 million to Nuveen Real Estate through the entity T-C 780 Third Avenue Owner LLC for the office building (O4) at 780 Third Avenue in Midtown East, Manhattan. The deal closed on June 25, 2024 and was recorded on July 9, 2024. The property has 490,020 square feet of built space according…
The Acquista Family through the entity Bowery Bay Realty, LLC as borrower signed a refi loan with lender Amalgamated Bank valued at $32 million for two lots, one at on 20th Avenue in Ditmars Steinway, Queens and another at on 19th Avenue in Ditmars Steinway, Queens. The deal closed on July 1, 2024 and was recorded on July 8, 2024. The prior lender was Blackstone…
EOS Hospitality through the entity William Vale Owner LLC as borrower signed a acquisition loan with lender Apollo Global Management through the entity Acrefi B-II, LLC valued at $115.1 million for the William Vale hotel building (HB) at 111 North 12th Street in Williamsburg, Brooklyn. The deal closed on June 18, 2024 and was recorded on July 8, 2024. The prior lender was Tel Aviv…
Atlas Capital Group, Baupost Group, and Zeckendorf Development through the entity 570 Washington Street LLC as borrower signed a new construction loan with lender Citibank valued at $142.8 million for a 175-unit senior affordable property at 570 Washington Street in West Village, Manhattan. The deal closed on June 1, 2024 and was recorded on July 8, 2024. The signatory for Atlas Capital Group, Baupost Group,…
Ezra Shabot through the entity 1414 Commercial Partners LLC paid $4.3 million to Rybak Development through the entity 1414 West 4th Street Holding LLC for the commercial condo at 1414 West 4th Street in Bensonhurst, Brooklyn. The deal closed on June 25, 2024 and was recorded on July 8, 2024. The property has 8,840 square feet of built space according to a PincusCo analysis of…
Laurence Beame through the entity 246 W 73 LLC paid $4.3 million to Scott Lerman through the entity 246 Realty Company LLC for the 12-unit residential walkup building (C1) at 246 West 73rd Street in Upper West Side, Manhattan. The deal closed on July 1, 2024 and was recorded on July 8, 2024. The property has 8,601 square feet of built space and 1,516 square…
The entity 945 WEA Freeport LLC paid $11 million to Irene Bogoni and Paul Bogoni through the entity B-U Realty Corp. for the 47-unit residential elevator building (D3) at 945 West End Avenue in Upper West Side, Manhattan. The deal closed on June 26, 2024 and was recorded on July 8, 2024. The property has 75,524 square feet of built space and 1,228 square feet…
The Feil Organization turned over a retail condominium unit at the Tempo Condominium at 300 East 23rd Street in Gramercy, Manhattan, to the bondholders through the entity Comm 2014 UBS2 East 23rd Street, LLC. Jeffrey Feil’s Feil Organization bought the unit in August 2013 for $16.1 million. This transfer appears to be a deed-in-lieu of foreclosure but the deed does not state that. The transfer…
The Bronx Pro Group through the entity Starhill Phase II Owner LLC acquired the 244-unit development (V0) site at 1600 Macombs Road in Morris Heights, Bronx, from the nonprofit Services for the Underserved, through a transfer valued at $14.1 million. Development On the lot, there is a new building project for a 244-unit, 436,185 square-foot residential (R-2) building submitted by Services for the Underserved and…
Japan-based Tsukaki Co., Ltd. paid $16.8 million to Sowa Kousan Inc. for the 25-unit residential walkup building (C1) at 96 Sterling Place in Park Slope, Brooklyn. The deal closed on June 27, 2024 and was recorded on July 8, 2024. The property has 18,020 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is…
Kalman Tabak through the entity 437 Morris Park LLC as borrower signed a refi loan with lender Capital One valued at $8 million for the 68-unit residential elevator building (D7) at 437 Morris Park Avenue in Van Nest, Bronx. The deal closed on June 20, 2024 and was recorded on July 5, 2024. The prior lender was Popular Bank which held debt that had an…
Aurora Capital Associates, led by Robert Cayre, and the Adjmi family’s A&H Acquisitions, through the entity CA 2952 Third Avenue LLC as borrower signed a refi loan with lender Webster Bank valued at $19.4 million for the retail building (K3) at 2952 3rd Avenue in Longwood, Bronx. The deal closed on June 28, 2024 and was recorded on July 5, 2024. The prior lender was…
Watermark Capital Group, led by Wolfe Landau, and Yoel Werzberger, through the entity 4th Avenue Qozb LLC as borrower, signed a refi loan with lender Popular Bank valued at $24 million for the 46-unit residential elevator building (D6) at 584 4th Avenue in Gowanus, Brooklyn. The deal closed on June 27, 2024 and was recorded on July 5, 2024. The prior lender was Popular Bank…
The nonprofit Ali Forney Center through the entity 337 Convent Housing Development Fund Corporation paid $4.3 million to Adam Zoia through the entity JMW Convent LLC for the six-unit residential walkup building (C2) at 337 Convent Avenue in Harlem, Manhattan. The deal closed on June 26, 2024 and was recorded on July 5, 2024. The property has 3,920 square feet of built space and 2,080…
Abraham Pultman through the entity 2075 East 16th Street Realty Group LLC paid $6.7 million to East Coast Holdings through the entity 2075 E. 16th Realty LLC for the 46-unit walkup building (C1) at 2075 East 16th Street in Sheepshead Bay, Brooklyn. The deal closed on June 26, 2024 and was recorded on July 5, 2024. The property has 35,200 square feet of built space…
Apex Development Group and Knickpoint Ventures through the entity Kv Apex 7806 Charter LLC paid $8 million to Surjeet Kaur through the entity 78 Investors LLC for the charter school development site at 78-06 Queens Boulevard in Elmhurst, Queens. The Forte Preparatory Academy plans to occupy the building once it is constructed. Simultaneously with the sale, the developers and Forte borrowed $32 million to construct…
The Great Neck-based Parkoff Organization, led by Adam Parkoff, and other unidentified parties recapitalized an approximately 1,880-unit, 41-building Bronstein Properties portfolio in Manhattan, Brooklyn and Queens valued at about $290 million, according to property records and industry sources. Bronstein Properties, led by Barry Rudofsky, remains in the deal as managing partner and equity holder. Parkoff and Bronstein are both large multifamily operators. Parkoff in 2020…
Watermark Capital Group through the entity 144 Bam LLC paid $15 million to Hanson Place Central Methodist Episcopal Church for the specialty building (M9) at 144 St. Felix Street in Fort Greene, Brooklyn. The deal closed on June 27, 2024 and was recorded on July 5, 2024. The property has 65,500 square feet of built space and 99,004 square feet of additional air rights for…
Taguchi & Co. through the entity Taguchi & Co., Ltd. paid $24.4 million to Icon Realty Management through the entity 43 West 27 Realty Associates LLC for the 16-unit residential elevator building (D7) at 43 West 27th Street in NoMad, Manhattan. The deal closed on June 5, 2024 and was recorded on July 5, 2024. The property has 20,868 square feet of built space and…
