Vadem Brodsky through the entity 39 Ventures LLC paid $4.7 million to the entity 39 S Portland Avenue LLC for the four-unit building (C3) at 39 South Portland Avenue in Fort Greene, Brooklyn. The deal closed on May 23, 2024 and was recorded on June 10, 2024. The property has 5,610 square feet of built space according to a PincusCo analysis of city data. The…
Leonard Schwartz through the entity 2151-55 LLC paid $6 million to Vladislav Marom through the entity 2151 Ocean LLC for the two adjacent buildings with a total of 24 residential units and one commercial unit, at 2151 Ocean Avenue and 2155 Ocean Avenue in Sheepshead Bay, Brooklyn. One building is a 12-unit residential elevator building (D1) at 2151 Ocean Avenue, and the other building, 2155…
Jay Group through the entity 101 Fleet Holding LLC as borrower signed a senior refi construction loan with lender Affinius Capital through the entity SM Finance III LLC valued at $100 million for the specialty building (W9) at 101 Fleet Place in Downtown Brooklyn, Brooklyn. The Commercial Observer reported the financing that has a total debt of $160 million. The deal closed on May 24,…
New York Proton Center through the entity Mm Proton I, LLC as borrower signed a refi loan with lender Nomura Holdings through the entity Nomura Securities International, Inc. valued at $150 million for the specialty medical building (I9) at 225 East 126th Street in East Harlem, Manhattan. The deal closed on May 29, 2024 and was recorded on June 7, 2024. The prior lender was…
Douglaston Development through the entity 170 East 83rd Street Owner LLC as borrower signed a construction loan with lender MSD Partners through the entity Msd Rcof Partners XC, LLC valued at $270.5 million for two properties with 89 residential units including the 89-unit residential elevator building (D6) at 170 East 83rd Street and the development site just to the south at 175 East 82nd Street…
Carlyle Group and Greenbrook Partners through the entity Townhouse Rental II, L.L.C. paid $2.5 million to Moshe Katzman and Perl Weisz through the entity 580 Fairview LLC for the four-unit building (C3) at 580 Fairview Avenue in Ridgewood, Queens. The deal closed on May 22, 2024 and was recorded on June 7, 2024. The property has 2,750 square feet of built space and 1,616 square…
Judy Swimer and Faigy Fischman through the entity Ff1632 LLC paid $5 million for the retail building (K1) at 600 Utica Avenue in East Flatbush, Brooklyn. The deal closed on May 30, 2024 and was recorded on June 7, 2024. The property has 4,000 square feet of built space and 30,339 square feet of additional air rights for a total buildable of 34,282 square feet…
Daniel Lage through the entity Prospes Management Corp. paid $5 million for the vacant site (V1) at 5200 1st Avenue in Sunset Park, Brooklyn. The property was involved in a state tax foreclosure and a Florida bankruptcy case. The sale was through the state tax foreclosure. The former owner was John A. Luhrs. The deal closed on May 31, 2024 and was recorded on June…
Mordechai Piller through the entity Lm139 LLC paid $5.8 million to Janet Rush through the entity 139-58th St LLC for the industrial building (F4) at 139 58th Street in Sunset Park, Brooklyn. The deal closed on May 23, 2024 and was recorded on June 7, 2024. The property has 14,698 square feet of built space and 7,741 square feet of additional air rights for a…
Douglaston Development paid $124.5 million to the 97-year-old company Valeray Real Estate for two buildings in Carnegie Hill, including 175 East 82nd Street, that will be the site of a 72-unit high rise tower. The purchase was in two transactions. In the first, Douglaston Development through the entity East 82 Owner LLC paid $114.5 million to Valeray Real Estate through the entity 170 East 83rd…
The administrative agent and the servicer for the bondholders of the securitized trust Series 2020-522F filed a $224 million pre-foreclosure at RFR Holding’s nine office condominium units that make up the office portion of the retail and office building at 522 Fifth Avenue in Midtown West, Manhattan. The complaint alleges the $224 million originally provided by Credit Suisse’s Column Financial on August 27, 2020, is…
Artimus through the entity 1441 Owner LLC as borrower signed a new construction loan with lender Valley National Bank valued at $210 million for the 490-unit development building (V1) at 1440 Amsterdam Avenue in Harlem, Manhattan. On the lot, there is a new building project for a 490-unit residential (R-2) building submitted by Grid Group and filed by Yiannes Einhorn with plans filed December 17,…
Clipper Equity through the entity Waterview Developer, LLC as borrower signed a refinance of a senior loan with lender JPMorgan Chase valued at $330 million for the 720-unit residential elevator building (D6) at 77 Commercial Street in Greenpoint, Brooklyn. In addition, Clipper Equity borrowed $100 million in a mezzanine loan from JPMorgan Chase, for a total of $430 million. The deal closed on May 10,…
Gibralter Management through the entity 494 Audubon Avenue LLC paid $2.9 million to James O. Vance through the entity Russley Co., Inc.. for the 25-unit residential walkup building (C7) at 494 Audubon Avenue in Washington Heights, Manhattan. The buyer The PincusCo database currently indicates that Gibralter Management owned at least 10 commercial properties with 112 residential units in New York City with 98,985 square feet…
Chaskel Landau through the entity 144 West LLC paid $9.3 million to Caspi Development through the entity Fhrb LLC for the 22-unit residential elevator building (D6) at 144 West Street in Greenpoint, Brooklyn. Landau bought the ground lease position. The fee is owned by Point Equities Realty. The deal closed on May 14, 2024 and was recorded on June 6, 2024. The property has 24,015…
The nonprofit Asian Americans for Equality through the entity 345 Ovington Avenue Housing Development Fund Corp. paid $10.3 million through a bankruptcy court related to the entity 345 Ovington LLC, for the 25-unit residential elevator building (D1) at 345 Ovington Avenue in Bay Ridge, Brooklyn. The former developer had plan to sell the units as condominiums. The deal closed on May 23, 2024 and was…
Jacob Landau through the entity 50 Sackman LLC paid $11.5 million to Anthony J. Caggiano through the entity Kinsella Realty Inc for the development site at 2246 Fulton Street also known as 50 Sackman Street, in Cypress Hills, Brooklyn. On the lot, there is one active new building construction project for a 123-unit, 83,976 square-foot residential (R-2) building. The project was submitted by TOT Developers…
Highgate Hotels through the entity 700 Eighth Owner LP acquired the ground leased fee position of the Row NYC hotel at 700 Eighth Avenue in Hell’s Kitchen, Manhattan, from David Werner Real Estate Investments through the entity 700 Milford Holdings LLC, in a deal valued at $275 million. At the same time, Highgate assumed a $275 million loan, so it appears there was no additional…
An entity affiliated with Michael Bloomberg through the entity 980 Madison Avenue Holdings LLC paid $560 million to Aby Rosen’s RFR Holding through the entity 980 Madison Owner LLC for the office building (O5) at 980 Madison Avenue in Lenox Hill, Manhattan. The deal closed on June 5, 2024 and was recorded on June 6, 2024. The property has 118,635 square feet of built space…
Maguire Capital Group through the entity Maguire Lex LLC bought a note from G4 Capital Partners with an original principal of $7.5 million secured by Skyland Management’s stalled development of a 48-key hotel at 120-124 Lexington Avenue in NoMad, Manhattan. The sale closed on June 4, 2024, and has not been recorded in public records as of publication. The loan covers three tax lots, with…
