Blackstone Group through the entity SIG CRE 2023 Venture LLC, filed a $24 million pre-foreclosure action at the 24,130-square-foot office condominium unit OFFA2 at 60 Columbus Circle, which an affiliate of the Mack family owns, in the Time Warner Center. This office unit is also known as Unit-A2. According to the complaint, “Borrower failed to timely make the payment due and owing under the Note…
Aaron Katz through the entity Ft 5402 LLC as borrower signed a refi loan with lender Starwood Mortgage Capital valued at $29 million for the new office building at 5402 Fort Hamilton Parkway in Borough Park, Brooklyn. There was a new building project filed, B00529596, for a 53,629 square-foot office building submitted by Royal Builders and filed by Joshua Markovics with plans filed October 4,…
The art gallery Gagosian through the entity 136 Wooster Corp. as borrower signed a refi loan with lender JPMorgan Chase valued at $40.6 million for the retail building (K2) at 543-545 West 24th Street in Chelsea, Manhattan. The deal closed on October 28, 2024 and was recorded on November 22, 2024. The prior lender was JPMorgan Chase which held debt that had an original loan…
Watermark Capital Group and Maguire Capital Group signed two loans totaling $65.5 million for a large development site at 6208 8th Avenue in Sunset Park, Brooklyn, with Daryl Hagler and Ezra Husney’s Genesis Holdings Management, in separate transactions. On the lot, there is one active new building construction project, B00754062, for a 497-unit, 652,445 square-foot R-2 building. The project was submitted by Joel Werczberger and…
ONS Clothing through the entity Ons Clothing LLC paid $7.8 million to Kamran Hakim’s Hakim Organization through the entity 201 Mulberry Commercial LLC for the retail condo at 201 Mulberry Street in Nolita, Manhattan. The expected use is owner-occupied. ONS Clothing currently occupies the space. The deal closed on November 19, 2024 and was recorded on November 22, 2024. The property has 4,521 square feet…
Illinois-based Venture One Real Estate through the entity Vk 61-26 Maurice, LLC paid $9.8 million for the industrial building (E1) at 61-26 Maurice Avenue in Maspeth, Queens. The expected use is cash flowing. Venture One describes itself as, “a real estate private equity fund manager, developer and operating company specializing in the industrial property sector.” This is the first purchase in New York City PincusCo…
A family investment firm through the entity Jamaica R Mmm LLC paid $10.5 million to Ruben Azrak through the entity 162-11 Jamaica Avenue Realty Associates for the retail building (K2) at 162-17 Jamaica Avenue in Jamaica, Queens. The expected use is cash flowing. The deal closed on November 13, 2024 and was recorded on November 22, 2024. The property has 57,325 square feet of built…
The New York City Football Club through the entity CFG Stadium Group LLC acquired a $45.7 million, 74-year ground lease for at 37-11 126th Street and 126-02 35th Avenue in Willets Point, Queens. The expected use is ground up development. At the same time,New York City Football Club signed a $425 million new construction loan with JPMorgan Chase for development of the stadium. The deal…
The William Moses Co. through the entity Meurice Equity Partners, LLC as borrower signed a refi loan with lender Societe Generale through the entity Societe Generale Financial Corporation valued at $27 million for the 109-unit residential elevator building (D7) at 145 West 58th Street in Midtown West, Manhattan. The deal closed on November 19, 2024 and was recorded on November 21, 2024. The prior lender…
Storage Post through the entity Storage Post/3350 Park Ave, LLC as borrower signed a refi loan with lender Nuveen through the entity Teachers Insurance And Annuity Association valued at $42.6 million for two industrial properties including the industrial building (E7) at 3340-3360 Park Avenue in Morrisania, Bronx and industrial building (G7) at 440 East 166th Street in Morrisania, Bronx. The deal closed on November 5,…
Edward Ostad through the entity Meo 103 3rd Place LLC paid $3.4 million to Related Companies through the entity Nysandy8 Brooklyn 9 LLC for the eight-unit residential walkup building (C1) at 103 3rd Place in Carroll Gardens, Brooklyn. The expected use is cash flowing. The deal closed on October 30, 2024 and was recorded on November 21, 2024. The property has 6,272 square feet of…
Slawomir Platta, who leads Platta Law firm, through the entity 134 E 36th Street LLC paid $5 million to Aini Assets through the entity 1204 Broadway Nyc LLC for the mixed-use building (S1) at 134 East 36th Street in Grand Central, Manhattan. The deal closed on October 31, 2024 and was recorded on November 21, 2024. The property has 4,273 square feet of built space…
UPDATED 9:37 a.m., November 22, 2024: Nathan Obstfeld through the entity 181 Havemeyer LLC paid $5.2 million to Related Companies through the entity Nysandy14 Williamsburg 1 LLC for the 25-unit residential walkup building (C7) at 181 Havemeyer Street in Williamsburg, Brooklyn. The expected use is cash flowing. The deal closed on November 13, 2024 and was recorded on November 21, 2024. The property has 19,890…
Jonathan Ohebshalom’s Sky Management paid Kushner Companies $11.2 million for two rental properties in the East Village in two transactions. In the first, Sky Management through the entity Golden 11 Realty LLC paid $7.6 million to Kushner Companies through the entity 318 East 11th Street Realty LLC for the 16-unit residential walkup building (C7) at 318 East 11th Street in East Village, Manhattan. The expected…
Paris-based Corum Asset Management through the entity Corum Investments LLC paid $17.1 million to Toll Brothers through the entity 2686-2690 Broadway LLC for the retail condominium at 218 West 103rd Street in Upper West Side, Manhattan. The expected use is cash flowing. The deal closed on November 13, 2024 and was recorded on November 21, 2024. The property has 11,118 square feet of built space…
The Blackstone Group, which bought a portfolio of loans originated by the now shuttered Signature Bank, alleges in a new lawsuit filed yesterday in New York State Supreme Court that a $25 million promissory loan given to RFR Holding principals Aby Rosen and Michael Fuchs, not secured by real property, was in a payment and maturity default. Case LINK Court cases represent the position of…
UPDATED 12:30 p.m., November 21, 2024: Tilman Fertitta, who owns the Houston-based dining and entertainment company Landry’s, through the entity 2425 Project Owner LLC paid $30 million to the estate of George Schwarz, which owns Keens Steakhouse, through the entity 72 West 36th Street, L.L.C. for the mixed-use building (K4) at 72 West 36th Street in Garment District, Manhattan. The building is the home to…
Property Resources Corporation through the entity 75 Lewis Avenue LLC as borrower signed a refi loan with lender Acore Capital through the entity Acore Capital Mortgage, LP valued at $57.1 million for the 205-unit residential elevator building (D7) at 75-85 Lewis Avenue in Bedford Stuyvesant, Brooklyn. The deal closed on November 13, 2024 and was recorded on November 20, 2024. The prior lender was Cain…
Ben-Josef Group Holdings through the entity Park House Plaza, LLC as borrower signed a refi loan with lender Bank of America valued at $72 million for the office building (O4) at 104 West 40th Street in Garment District, Manhattan. The deal closed on November 8, 2024 and was recorded on November 20, 2024. The prior lender was Wells Fargo which held debt that had an…
Glenwood Management through the entity West 38th Street LLC as borrower signed a refi loan with lender NYS Housing Finance Agency valued at $209.6 million for the 569-unit residential elevator building (D8) at 320 West 38th Street in Garment District, Manhattan. The deal closed on October 1, 2024 and was recorded on November 20, 2024. The prior lender was NYS Housing Finance Agency which held…
