MBD Community Housing Corp. through the entity MBD Tiebout Housing Development Fund Corporation paid $25.8 million to the seller through the entity 2468 Tiebout Development LLC for the 57-unit residential elevator building (D7) at 2468 Tiebout Avenue in Fordham Heights, Bronx. The deal closed on June 27, 2024 and was recorded on July 5, 2024. The property has 55,939 square feet of built space according…
SMJ Development and Settlement Housing Fund through the entity 68-19 Woodhaven Housing Development Fund Corp as borrower signed a new construction loan with lender NYC Housing Development Corporation valued at $85.1 million for the development building (V1) at 68-19 Woodhaven Boulevard in Rego Park, Queens. On the lot, there is one active new building construction project for a 120-unit, residential (R-2) building. The project was…
Tavros Capital, Charney Companies, and Incoco Capital through the entity Gowanus Nevins North LLC as borrower signed a new construction loan with lender TYKO Capital through the entity Nevins Debt Lender LLC valued at $140 million for the 306-unit project at 498 Union Street in Gowanus, Brooklyn. Charney Companies filed plans for a 306-unit residential (R-2) building submitted by Charney Companies and filed by Samuel…
Georgica Green Ventures and its nonprofit partner RiseBoro Community Partnership through the entity Luna Green LLC paid $10.4 million to Safehold Inc. through the entity Bath Site LLC for the 205-unit development site at 2015 Boardwalk West in Coney Island, Brooklyn. This is Gerogica Green’s second project on the tax block. On the lot, there is one active new building construction project for a 205-unit,…
Marc Blumenfrucht’s Iris Holdings Group paid $71.5 million to LeFrak for four elevator buildings the firm developed in the early 1960s in Flushing, Queens. The buildings are 137-20 45th Avenue, 45-15 Colden Street, 44-15 Colden Street and 44-35 Colden Street. LeFrak is one of the largest multifamily owners in New York City, having built much of its own portfolio including LeFrak City. The PincusCo database…
Wayne Boich Jr.’s Miami-based Boich Investment Group and former SL Green Realty president Andrew Mathias through the entity AMWB 719 LLC paid $32.5 million to SL Green Realty through the entity 719 Seventh TIC 1 Owner LLC for the retail building that includes large signage (K2), at 719 Seventh Avenue at the southeast corner of 48th Street in Times Square, Manhattan. The transaction amount disclosed…
Hope Street Capital through the entity 959 Sterling Lessee LLC as borrower signed a refi loan with lender Walker & Dunlop through the entity WD Reigl Multifamily I LLC valued at $55 million for five the 158-unit rental building at 959 Sterling Place in Crown Heights, Brooklyn. The developer filed last month to divide the building into five commercial condominium units, and this loan is…
Quinlan Development Group through the entity 230 Classon Development LLC as borrower signed a refi loan with lender QuadReal Property Group through the entity QR Us Finance REIT LLC valued at $56 million for the 140-unit rental Parish House at 230 Classon Avenue in Clinton Hill, Brooklyn. On the lot, there was a new building construction project for a 140-unit, 119,307 square-foot residential (R-2) building….
ASAP Holdings through the entity Asap Ditmars LLC as borrower signed a refi loan with lender Trimont through the entity Trimont LLC valued at $195 million for the New York LaGuardia Airport Marriott building (H3) at 102-05 Ditmars Boulevard in East Elmhurst, Queens and a nearby surface parking lot, both near LaGuardia Airport. The deal closed on June 25, 2024 and was recorded on July…
Extell Development through the entity West 66th Sponsor LLC as borrower signed a refi loan with lender JVP Management through the entities JVP REIT RCRE II LLC and 66th Street CRE III LLC valued at $620 million for the 127-unit residential condominium project (D6) at 50 West 66th Street in Lincoln Square, Manhattan. The deal closed on June 6, 2024 and was recorded on July…
Mendel Berkowitz of Borough Developers paid $3.6 million to Luis Nieves Sanchez for four development parcels in Williamsburg, Brooklyn, with the addresses 96 Moore Street, 103 Moore Street, 105 Moore Street and 107 Moore Street in four separate transactions. Three of the buildings are adjacent while the fourth is across the street on the same block. On April 19, 2024, Berkowitz filed four major alteration…
Li Lan Wu through the entity 819 Group Inc. paid $3.4 million to Man-Sing Cheung and Josephine Lomangino Cheung through the entity Jo Man Corp. for the five-unit mixed-use building (S9) at 819 54th Street in Sunset Park, Brooklyn. The deal closed on June 6, 2024 and was recorded on July 2, 2024. The property has 6,395 square feet of built space and 106 square…
Hyok Jun Kwon through the entity Eagle KW Corporation paid $3.4 million to Kyoung S. No through the entity Cysk Estate Inc. for the five-unit mixed-use building (S9) at 41-12 162nd Street in Murray Hill, Queens. The deal closed on June 20, 2024 and was recorded on July 2, 2024. The property has 7,200 square feet of built space according to a PincusCo analysis of…
The bank Maspeth Federal Savings and Loan Association paid $3.5 million for the retail and office building (O2) at 31-42 Steinway Street in Astoria, Queens. The Queens County Savings Bank, which was acquired by Flagstar Bank through several mergers, formerly occupied this building. This 25-foot wide parcel does not include the adjacent parking lot, owned by the New York State Department of Transportation. The deal…
Jin Tan through the entity 3071 29th Street LLC paid $3.8 million to the estate of Walter A. Besser through the entity Panabricks Corporation for the mixed-use building (S1) at 30-71 29th Street in Astoria, Queens. The deal closed on June 7, 2024 and was recorded on July 2, 2024. The property has 3,940 square feet of built space and 10,152 square feet of additional…
33 Equities through the entity 1039 Gun Hill Road III LLC paid $27 million to Aleksander Lakaj through the entity 1039 Gun Hill LLC for the newly built, 79-unit rental building at 1039 Gun Hill Road in Williamsbridge, Bronx. On the lot, there is a new building project for a 79-unit, 53,599 square-foot residential (R-2) building, job number X00693446, submitted by Alex Lakaj and filed…
Kings Capital through the entity 359 West 48th LLC paid $12.5 million to Bank of China for the 39-unit residential elevator building (D3) at 357-365 West 48th Street in Hell’s Kitchen, Manhattan. The bank used the building for corporate housing, but it has been vacant since Covid, according to a source. Kings Capital plans to renovate to 39 class A apartments with outdoor space. The…
Brause Realty through the entity 37 Usw Owner LLC paid $16.5 million to Martin Feinberg through the entity Winner Communications, Inc. for the office building (O5) at 37 Union Square West in Flatiron District, Manhattan. The deal closed on June 24, 2024 and was recorded on July 1, 2024. The property has 19,434 square feet of built space and 25,650 square feet of additional air…
The securitized lender in care of LNR Partners, Series 2014-C24, through the entity JPMBB 2014-C24 Madison Avenue, LLC acquired the leasehold of the office building (O6) at 635 Madison Avenue in Lenox Hill, Manhattan. This was a foreclosure sale resulting from case 850274/2021 in New York State Supreme Court in Manhattan. The final judgment amount was $99.8 million. The sale closed on June 12, 2024…
UPDATED 8:30 a.m., July 3, 2024: Affordable housing developer Breaking Ground through the entity 1760 Third Avenue Housing Development Fund Corp paid $172.1 million to CenterSquare Investment Management, Principal Real Estate Investors, and 60 Guilders through the entity 1760 Third Ave Property Owner, LLC for the dorm building (H8) at 1760 Third Avenue in Carnegie Hill, Manhattan. The deal closed on June 26, 2024 and…
