Lin Wei Huang through the entity N C P M Inc. paid $3.4 million to the estate of Soon Yee, Peter Yee, and John Yee through the entity 58 Mott Street LLC for the six-unit mixed-use building (S5) at 58 Mott Street in Chinatown, Manhattan. The deal closed on May 31, 2024 and was recorded on June 13, 2024. The property has 4,646 square feet…
Hirshmark Capital through the entity 3516 FS LLC As Nominee For Astoria LIC Funding LLC acquired from Matthew Schwartz and Scott Minuta through the entity 35-16 Astoria Blvd Holdings, LLC, the 15-unit residential elevator building (D7) at 35-16 Astoria Boulevard in Astoria, Queens, through a $9.7 million deed-in-lieu of foreclosure. The transfer value for a deed-in-lieu is typically the loan value or the latest judgment…
Island Capital Group through the entity W21st Owner LLC paid $51.8 million to Canoe Brook Development through the entity Roseland/Stempel 21st Street Associates, L.L.C. for the 116-unit residential elevator building (D6) at 35 West 21st Street in Flatiron District, Manhattan. The property has alternate addresses of 37 West 21st Street and 39 West 21st Street. The buyer acquired the property through the purchase of sublease….
Bethpage Federal Credit Union filed a $33.06 million pre-foreclosure at the 42,416-square-foot office condominium unit at 135 West 52nd Street in Midtown West, Manhattan, owned by Ariel Lahmi’s investment firm Beekman Riem. The bank filed the complaint yesterday in New York State Supreme Court in Manhattan. Case LINK Court filings represent the position of one party and are not necessarily accurate or complete. Beekman Riem…
ABJ Properties through the entity ABJ Park, LLC as borrower signed a refi loan with lender PGIM Real Estate through the entity Pgim Real Estate Agency Financing, LLC valued at $9.4 million for two residential elevator properties with 74 residential units including the 60-unit residential elevator building (D3) at 1652 Park Avenue in East Harlem, Manhattan and 14-unit residential elevator building (D6) at 91 East…
Icon Realty Management through the entity 320-324 West 14 Realty Associates LLC and others as borrower signed a loan extension with lender Series 2019-Icon valued at $172 million for 21 properties in Manhattan with a total of 381 units and 220,951 square feet of total space. The properties include the 19-unit residential walkup building (C4) at 322 West 14th Street in West Village, Manhattan, seven-unit…
Farhad Hanasab through the entity 119 Elizabeth Street, LLC paid $6.8 million to Iris Toy Hung Eng Ong and Patricia Eng through the entity Mee Lun Realty Corp. for the 35-unit residential walkup building (C7) at 119 Elizabeth Street in Little Italy, Manhattan. The deal closed on June 6, 2024 and was recorded on June 12, 2024. The property has 18,950 square feet of built…
Steve Zervoudis through the entity 200 East 205 LLC paid $7.7 million to Allen Schwartz through the entity Vilmar LLC for the 61-unit residential elevator building (D1) at 200 East 205th Street in Bedford Park, Bronx. The deal closed on May 30, 2024 and was recorded on June 12, 2024. The property has 81,070 square feet of built space and 18,729 square feet of additional…
The Trump Organization through the entity DJT Holdings LLC filed a lawsuit yesterday in New York State Supreme Court in Manhattan alleging the company that paid $375 million for the leasehold on the Old Post Office at 1100 Pennsylvania Avenue in Washington, D.C., defaulted on a $28 million loan the Trump Organization provided the buyer to cover the payment of taxes related to the 2022…
UPDATED 6:25 p.m., June 22, 2024: Yi Jian Lin paid $7.29 million to the estate of Fred Stark for two adjacent long and thin industrial properties that front railroad tracks on one side and a surface road on another in Jamaica, Queens, in two transactions. In the first, Yi Jian Lin through the entity 108-40 Dunkirk LLC paid $4.9 million to the estate of Fred…
Sophia Kang through the entity PK Flushing LLC paid $5 million to the Bauer family through the entity Bauer Home Improvement Limited for the retail building (K1) at 142-06 41st Avenue in Flushing, Queens. The property forms an L around the corner building, 41-05 Union Street, which Kang already owns. The deal closed on June 4, 2024 and was recorded on June 11, 2024. The…
An affiliate of affordable and supportive housing developer James Equities and the nonprofit NYC Housing Partnership through the entity 1377 Brooklyn Property LLC paid $7.2 million to Cristo Rey Brooklyn High School for the former dormitory property at 1377 Brooklyn Avenue in East Flatbush, Brooklyn. The deal closed on May 21, 2024 and was recorded on June 11, 2024. The property has 58,040 square feet…
An affiliate of Tashkent Supermarket through the entity 2845 Coney Island LLC paid $16 million to Ilhanan Israilov through the entity Med Partners LLC for the retail building (K1) at 2837 Coney Island Avenue in Sheepshead Bay, Brooklyn. The deal closed on May 31, 2024 and was recorded on June 11, 2024. The property has 10,000 square feet of built space and 5,310 square feet…
A founding member of the once-active condominium development company DDG Partners, Peter Guthrie, filed a lawsuit yesterday in New York State Supreme Court in Manhattan seeking to dissolve the company, while also seeking a $1.5 million judgment for alleged damages. Case LINK Court filings represent the position of one party and are not necessarily accurate or complete. Four individuals founded the firm in 2009, according…
Jacob Landau’s Landau Real Estate through the entity 2160 84th Street, LLC as borrower signed an initial $7.2 million loan with the Caggiano family entity Kinsella Realty, for the 53-unit residential elevator building (D1) at 2160 84th Street in Bensonhurst, Brooklyn. On the same day, May 23, 2024, the parties completed another transaction, in which Landau paid Kinsella Realty $11.5 million for a development site…
Joel Schwartz through the entity 302 Graham Avenue L.P. as borrower signed a refi loan with lender Citibank through the entity Citi Real Estate Funding Inc. valued at $8 million for the 10-unit residential elevator building (D1) at 302 Graham Avenue in Williamsburg, Brooklyn. The deal closed on June 5, 2024 and was recorded on June 10, 2024. The prior lender was Tideway Capital Group…
Revere Capital through the entity NYC 18th Street LLC as borrower signed a refi loan with an affiliate of Revere Capital through the entity Union Square 18th Street LLC valued at $10 million for the eight-unit residential elevator building (D7) at 16 East 18th Street in Flatiron District, Manhattan. The deal closed on May 30, 2024 and was recorded on June 10, 2024. The prior…
UPDATED: Z-A Studio through the entity Z-A 10 LLC paid $2.6 million to the entity 65 Gates Avenue LLC for the four-unit building (C3) at 65 Gates Avenue in Clinton Hill, Brooklyn. The deal closed on May 17, 2024 and was recorded on June 10, 2024. The property has 4,057 square feet of built space according to a PincusCo analysis of city data. The sale…
Carlyle Group and Greenbrook Partners through the entity Townhouse Rental II, L.L.C. paid $2.6 million to Joseph Yaakovzadeh through the entity 609 Bricks LLC for the two-unit building (B3) at 350 Putnam Avenue in Bedford Stuyvesant, Brooklyn. The deal closed on June 5, 2024 and was recorded on June 10, 2024. The property has 3,208 square feet of built space according to a PincusCo analysis…
Watermark Capital Group through the entity Hillside Residence LLC as tenant signed a ground lease valued at $4.3 million with Khedouri Associates through the entity EIK Jamaica Associates, LLC as landlord, for the retail building (K1) at 159-02 Hillside Avenue in Jamaica, Queens. A PincusCo analysis of the location and lease value determines that the transaction is likely as a development site. This is Watermark…
