Transfers

Rockbridge Capital through the entity 59 West 35th Street LLC as borrower signed a refi loan with lender BankUnited valued at $28.5 million for the hotel building (H3) at 57 West 35th Street in Garment District, Manhattan. The deal closed on May 6, 2024 and was recorded on May 13, 2024. The prior lender was PNC Bank which held debt that had an original loan…

EMP Capital Group through the entity 888 Atlantic Property Owner Lp as borrower signed a new construction loan with lender QuadReal Property Group through the entity Qr Real Estate Capital Reit LLC valued at $110 million for the 246-unit project at 870-888 Atlantic Avenue in Prospect Heights, Brooklyn. On the lot, there is one active new building construction project for a 246-unit, residential (R-2) building….

Nerissa Mongis Go through the entity Avon Towers LLC paid $4.8 million to Payeman Raja through the entity Raja Business, Inc. for the nine-unit residential elevator building (D7) at 87-16 Avon Street in Jamaica Estates, Queens. The deal closed on May 8, 2024 and was recorded on May 13, 2024. The property has 14,298 square feet of built space according to a PincusCo analysis of…

Alexander Hajibay’s Heritage Affordable Communities through the entity Hat Partners LLC paid $8 million to Comunilife through the entity Crotona Avenue Associates, L.P. for the 84-unit residential elevator building (D9) at 950 Jennings Street in East Morrisania, Bronx, the 86-unit residential elevator building (D3) at 2130 Crotona Avenue in Belmont, Bronx, and the 72-unit residential elevator building (D3) at 2111 Hughes Avenue in Belmont, Bronx….

The Boulder, Colorado-based energy storage company Flatiron Energy, through the entity Battery Park Storage LLC signed a contract with Leonard Gold and Stuart Feinstein through the entity Anvoy Associates Of Brooklyn, L.L.C. for four properties, including the industrial building (E1) at 80 19th Street in Greenwood Heights, Brooklyn, industrial building (E1) at 654 3rd Avenue in Greenwood Heights, Brooklyn, and industrial building (E1) at 92…

The entity Sanford Avenue Servicing LLC through the signatory of developer Ken Huang bought a note with an original principal of $9.5 million from Popular Bank secured by Xi Zhao’s 34-unit residential elevator building (D7) at 140-44 Sanford Avenue in Flushing, Queens. On these lots, there is one active new building construction project for a 34-unit, 27,586 square-foot residential (R-2) building. The project was submitted…

Jacob & Co., owned by Jacob Arabo, who is also known as Jacob the Jeweler, through the entity 48 East 57th Street, LLC as borrower signed a refi loan with lender KeyBank valued at $15 million for the office and retail building (O5) at 48 East 57th Street in Midtown East, Manhattan. Arabo was one of the holdouts that developer Harry Macklowe could not convince…

L+M Development Partners through the entity Knickerbocker Village, Inc. as borrower signed an acquisition loan with lender Wells Fargo valued at $90 million for the 1,590-unit residential elevator building (D6) at 10 and 20 Monroe Street in Two Bridges, Manhattan. The deal closed on April 25, 2024 and was recorded on May 10, 2024. The property has 1,396,625 square feet of built space according to…

The London-based crowdfunding platform Bricksave through the entity Bricksave250 LLC paid $3.2 million to Jacob Zicherman through the entity 1329 Hancock LLC for the six-unit residential walkup building (C2) at 1329 Hancock Street in Bushwick, Brooklyn. This is the firm’s first purchase in New York City according to a PincusCo analysis of city records. The deal closed on May 2, 2024 and was recorded on…

UPDATED 9:50 a.m., May 10, 2024: Yossel Lichtman and Chana Lichtman through the entity 161 Lenox LLC as borrower obtained a new construction loan with lender Popular Bank through the entity Popular Bank valued at $34.5 million for the 83-unit development at 161 Lenox Road in Flatbush, Brooklyn. On these lots, there is one active new building construction project for a 63-unit, 47,213 square-foot residential…

An anonymous buyer based in Roslyn through the entity Ani V Ani LLC paid $3.2 million to Walter & Samuels through the entity 316 Bowery Next Generation LLC for the retail condominium unit at 2 Bleecker Street in NoHo, Manhattan. The deal closed on April 15, 2024 and was recorded on May 9, 2024. The property has 3,431 square feet of built space according to…