Investor and broker Keith Kantrowitz along with an affiliate of investor Ryan Tedder, through the entity MRK Metro, LLC paid $15.5 million to Rosenthal & Rosenthal through the entity Broadway Tenth/Flagstaff LLC for the retail building (K1) at 61-13 Metropolitan Avenue in Maspeth, Queens and an adjacent parking lot. The expected use is cash flowing. Rosenthal & Rosenthal is a factoring and business lending firm…
John Catsimatidis’s Red Apple Group through the entity 253 West 24th Street, LLC paid $22.5 million to the Congregation of Divine Providence through the entity The Jeanne D’Arc Residence for the specialty building (N2) at 253 West 24th Street in Chelsea, Manhattan. The deal closed on October 29, 2024 and was recorded on November 27, 2024. The property has 59,250 square feet of built space…
The securitized trust Series 2014-C20, through special servicer Rialto Capital Advisors, claims a $34 million loan provided to affiliates of Olshan Properties in 2014 is in a maturity default, and the lender is seeking to foreclose. The assets include 205 East 60th Street, 207 East 60th Street, 209 East 60th Street, 211 East 60th Street, 211-213 East 60th Street and a 68,685-square-feet retail condominium unit at…
Jack Resnick & Sons through the entity 428 E. 72nd St. LLC as borrower signed a refi loan with lender Jack Resnick & Sons through the entity Jack Resnick & Sons, Inc. valued at $9 million for the professional condominium unit at 422 East 72nd Street in Lenox Hill, Manhattan. The deal closed on November 5, 2024 and was recorded on November 26, 2024. The…
Elysee Investment Corp through the entity Central Harlem Portfolio, LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $21.2 million for nine residential walkup properties with 213 residential units including the 89-unit residential walkup building (C4) at 2470 8th Avenue in Harlem, Manhattan, 22-unit residential walkup building (C7) at 271 West 144th Street in Harlem, Manhattan, and 18-unit residential walkup building…
Derek Greenberg’s Green Street Group through the entity 546 Metro Spe LLC paid $3 million to the Franquinha family through the entity Arf Metro, LLC for the industrial building (E9) at 546 Metropolitan Avenue in Williamsburg, Brooklyn. The expected use is ground up development. The deal closed on November 20, 2024 and was recorded on November 26, 2024. The property has 3,034 square feet of…
The entity 3415 FLB LLC with unknown ownershp registered with the law firm Christodoulou & Lau, paid $3.1 million to Citizens Bank for the retail building (K7) at 34-15 Francis Lewis Boulevard in Bayside, Queens. The deal closed on November 20, 2024 and was recorded on November 26, 2024. The property has 5,522 square feet of built space and 6,877 square feet of additional air…
Nichols Melissinos through the entity Melco Realty LLC paid $4.8 million to the Deternova family through the entity SGD Associates, LLC for the 32-unit residential walkup building (C1) at 35-42 73rd Street in Jackson Heights, Queens. The expected use is cash flowing. The deal closed on November 18, 2024 and was recorded on November 26, 2024. The property has 25,832 square feet of built space…
TZM Realty through the entity Zachery 88 LLC paid $5 million to Glen Burger through the entity East 88th Street Apartment Group, LLC for the 16-unit residential walkup building (C7) at 520 East 88th Street in Yorkville, Manhattan. The expected use is cash flowing. The deal closed on November 20, 2024 and was recorded on November 26, 2024. The property has 8,935 square feet of…
UPDATED: The Japanese firm Fukuoka Road Co. paid $22.8 million to Peak Capital Advisors through the entity 89 Owner LLC for the 14-unit residential walkup building (C4) at 161 East 89th Street in Carnegie Hill, Manhattan and 12-unit residential walkup building (C4) at 163 East 89th Street in Carnegie Hill, Manhattan. The expected use is cash flowing. The deal closed on November 20, 2024 and…
Savanna through the entity Weisshorn Re 799 Broadway LLC paid $255 million to PIMCO’s Columbia Property Trust through the entity Maple C 799 Broadway Owner II, LLC for the newly built office building (O6) at 799 Broadway in Greenwich Village, Manhattan. The expected use is cash flowing. The building is across the street from the historic Grace Church in New York, constructed in the 1840s….
Concord Hotels through the entity Concord Panorama Greenwich LLC as borrower signed a refi loan with lender New York Life Insurance Company through the entity New York Life Insurance Company valued at $49.5 million for the 192-key hotel building (H2) at 100 Greenwich Street in Financial District, Manhattan. The deal closed on November 12, 2024 and was recorded on November 25, 2024. The prior lender…
William Rothner through the entity 867 4th Avenue LLC as borrower signed a refi loan with lender Starwood Mortgage Capital valued at $66 million for the 150-unit residential elevator building (D3) at 867-875 4th Avenue in Greenwood Heights, Brooklyn. On the lot, there was one active new building construction project, 321383169, for a 150-unit, 101,950 square-foot R-2 building. The project was submitted by Heritage Equity…
Success Academy Charter Schools through the entity 586 River Ave., LLC as borrower signed a new construction loan with lender Build NYC Resource Corporation valued at $150 million for the industrial building (E7) at 580 River Avenue in Concourse, Bronx. On the lot, there is one active new building construction project, X00706080, for a 219,166 square-foot school (E) building. The project was submitted by Richard…
The entity Left Is Right, Hot Is Cold LLC with unknown ownership paid $12.3 million to the artist William Wegman through the entity Penny Candy LLC for the mixed-use building (K4) at 245 West 18th Street in Chelsea, Manhattan. The deal closed on November 21, 2024 and was recorded on November 25, 2024. The property has 5,834 square feet of built space and 18,240 square…
Alexander Maroni and Bren Salamon through the entity 506 Henry LLC paid $5 million to National Realty Investment Advisors through the entity Henry Street Capital 506 Propco LLC for the four-unit building (C3) at 506 Henry Street in Carroll Gardens, Brooklyn. The expected use is cash flowing. The deal closed on November 4, 2024 and was recorded on November 25, 2024. The property has 6,492…
Ilya Parnas through the entity 2102 Parnasa LLC paid $8.9 million to Joel Jacob and Morris Jacobs through the entity 2102 Ralph Realty LLC for the retail building (K1) at 2102 Ralph Avenue in Flatlands, Brooklyn. The expected use is cash flowing. The deal closed on November 18, 2024 and was recorded on November 25, 2024. The property has 11,926 square feet of built space…
AmTrust Realty through the entity Amcap 360 LLC paid $65.5 million to Savanna through the entity 360 Lexington Avenue Property Investors IV, LLC for the office building (O4) at 360 Lexington Avenue in Grand Central, Manhattan. The expected use is cash flowing. The deal closed on November 14, 2024 and was recorded on November 25, 2024. The property has 238,294 square feet of built space…
Blackstone Group through its division ShopCore Properties pays $197 million to ASB Capital Management and partners for four SoHo retail locations at 72-76 Greene Street, 61-63 Crosby Street, 415 West Broadway and 40 Mercer Street, also known as 465 Broadway in four transactions. ASB Capital Management bought the properties between 2012 and 2016 for a total of $204 million. The Real Deal reported on this…
Robert Morgenstern’s Canvas Investment Partners and Tokyu Land US through the entity 430 Albee Bk Owner LLC paid $112.8 million to Spencer Equity Group through the entity Spencer Albee Equities LLC for the 150-unit rental condominium unit and a retail unit at 436 Albee Square, also known as 430 Albee Square, in Downtown Brooklyn. The expected use is cash flowing. The deal closed on November…
