Yosef Nazar through the entity 124 West 36th Street Assets LLC paid $10 million to Alan Mandelbaum through the entity Dosol Corporation for the 28,000-square-foot office and retail building (O6) at 124 West 36th Street in the Garment District, Manhattan. The deal closed on May 3, 2024 and was recorded on May 7, 2024. The sale price per built square foot is $357 per the…
Sunlight Development through the entity Jingang Northern LLC as borrower signed a new construction loan with lender S3 Capital through the entity S3 RE Northern Blvd II Funding LLC valued at $92 million for the 127-unit condominium project at 138-18 Northern Boulevard in Flushing, Queens. On the lot, there are two active new building construction projects. The largest is a new building project for a…
Rajive Maret through the entity 2769 Creston Ave, LLC paid $2.7 million to Steve Zervoudis through the entity 2758 Kt LLC for the two-unit 1-4 family building (B2) at 2758 Kingsbridge Terrace in Kingsbridge Heights, Bronx and an adjacent parcel (V0) at on Kingsbridge Terrace in Kingsbridge Heights, Bronx. On these lots, there is one active new building construction project for a 38-unit, 30,783 square-foot…
The entity Martense Realty LLC paid $5.2 million to Raphael Toledano through the entity Adele Realty LLC for the 28-unit residential walkup building (C1) at 305 Martense Street in East Flatbush, Brooklyn. The deal closed on April 24, 2024 and was recorded on May 6, 2024. The property has 21,840 square feet of built space according to a PincusCo analysis of city data. The sale…
Ha’Or Beacon School through the entity 3030 Nostrand Ave LLC paid $6.8 million to Moshe Halberstam through the entity 3030 Nostrand Avenue Realty LLC for the office building (O5) at 3030 Nostrand Avenue in Sheepshead Bay, Brooklyn. The deal closed on April 19, 2024 and was recorded on May 6, 2024. The property has 15,000 square feet of built space according to a PincusCo analysis…
ZD Jasper Realty through the entity ZDJ Vernon LLC paid $47 million to Quadrum Global, Baron Property Group, and Simon Development through the entity CSC 4540 Property Co, LLC for the industrial building (F1) at 45-40 Vernon Boulevard in Long Island City, Queens and industrial building (E9) at 45-28 Vernon Boulevard in Long Island City, Queens. The deal closed on April 19, 2024 and was…
Receiver appointed in $77M Walter & Samuels office building foreclosure: A State Supreme Court judge appointed a referee in a pre-foreclosure case related to a $77 million loan secured by the Walter & Samuels 143,479-square-foot office building at 315 West 36th Street in the Garment District, Manhattan. In related news, David Berley, of Walter & Samuels, filed an appeal of an April 2024 decision denying…
The Smeke family’s CSC Coliving through the entity 105-115 Greenpoint Owner LLC as borrower signed a refi loan with lender Barclays through the entity Barclays Capital Real Estate Inc valued at $30 million for three residential walkup properties with a total of 52 residential units at 107, 111 and 115 Greenpoint Avenue in Greenpoint, Brooklyn. The deal closed on April 23, 2024 and was recorded…
G4 Capital Partners through the entity 76 8th Ave LLC as borrower signed an acquisition loan with lender Sabal Investment Holdings through the entity Ssof II 76 8th Ave LLC valued at $32.2 million for the newly built office building (O6) at 74 8th Avenue in West Village, Manhattan. The deal closed on April 30, 2024 and was recorded on May 3, 2024. The prior…
Yitzchok Schwartz through the entity Franklin Plaza II LLC as borrower signed a new construction loan with lender G4 Capital Partners through the entity G4 18258, LLC valued at $117 million for a three-parcel development site with the address 960 Franklin Street and alternate addresses at 122A, 124 and 130 Montgomery Street in Crown Heights, Brooklyn. Schwartz paid $64 million for the development site. On…
Monadnock Development through the entity Spring Creek 26a Owner LLC as borrower signed a new construction loan with lender NYC Housing Development Corporation valued at $110.4 million for the property at 890 Erskine Street in East New York, Brooklyn. On the lot, there is one active new building construction project for a 189-unit, 130,127 square-foot R-2 building. The project was submitted by NYC Department of…
Argent Ventures through the entity 1601 Broadway Owner LLC as borrower signed a refi loan with lender H&R REIT through the entity Times Square Portfolio Inc. valued at $212 million for the Crowne Plaza Times Square Manhattan hotel building (H1) at 1601 Broadway in Midtown West, Manhattan. The deal closed on April 17, 2024 and was recorded on May 3, 2024. The property has 843,131…
Jacob Fulop paid $5.5 million to Israel Chaplin for three contiguous, mixed-use buildings in Bedford Stuyvesant, Brooklyn, at 1439 Fulton Street, 1445 Fulton Street and 484 Tompkins Avenue, which make up the corner of Fulton Street and Tompkins Avenue. PincusCo expects this to be a development site based on the large amount of air rights. Jacob Fulop through the entity 1439 Lofts LLC paid $1.8…
Joel Braver’s Express Builders through the entity 100 Rutledge LLC paid $3.1 million to the religious group Kahal Toldos Tzvi D’Spinka for the development parcels (V0) at 100 and 102 Rutledge Street in Williamsburg, Brooklyn. The deal closed on April 18, 2024 and was recorded on May 3, 2024. The two properties have zero square feet of built space and 9,720 square feet of additional…
Urban Standard Capital through the entity USC 883 Bryant 2 LLC acquired from the prior property owner Gregory Harvey through the entity Masani Holding Company Corp., the 40-unit development project (D7) at 883 Bryant Avenue in Hunts Point, Bronx, in a $3.9 million foreclosure auction. On this parcel, there is a new building project for a 40-unit, 21,231 square-foot residential (R-2) building submitted by Greg…
Mark Koplowitz through the entity Markland 99 LLC paid $4 million to Cohen Equities through the entity 9720 99th Street Queens LLC for the industrial building (E1) at 97-20 99th Street in Ozone Park, Queens. The deal closed on March 28, 2024 and was recorded on May 3, 2024. The property has 5,600 square feet of built space and 7,659 square feet of additional air…
Andon Iksino of Xinos Construction through the entity 109-10 15th Ave LLC paid $5.6 million to affiliates of Kaplon-Belo Affiliates through the entity JB Vernon LLC (and others) for the industrial building (E9) at 109-10 15th Avenue in College Point, Queens, specialty building (Z9) at 110-00A 15th Avenue in Queens, and office building (O1) at 110-00 15th Avenue in College Point, Queens, and others. The…
Hercules Argyriou of Mega Contracting Group through the entity 521 Tremont MM LLC paid $8.2 million to the Guarascio family through the entity Matrix Tremont, Inc. for the mixed-use building (K4) at 521 East Tremont Avenue, the retail building (K1) at 513 East Tremont Avenue, and the industrial building (G7) at 1904 Bathgate Avenue in Tremont, Bronx. On these lots, there is one active new…
Tennessee-based SRM Concrete through the entity Hollingshead Materials LLC paid $12.5 million to Almar Supplies through the entity New Ditmas Realty LLC for the industrial building (F2) at 9814 Ditmas Avenue in Brownsville, Brooklyn. The deal closed on April 5, 2024 and was recorded on May 3, 2024. The property has 9,435 square feet of built space and 45,272 square feet of additional air rights…
Maguire Capital Group through the entity Maguire Stone LLC bought a note with an original principal of $9 million from BEB Capital secured by Alicia Harper, Philip Harper, and Harold Harper’s four-unit mixed-use building (S9) at 53 Stone Street and the three-unit mixed-use building (S3) at 55 Stone Street in Financial District, Manhattan. The deal closed on April 8, 2024 and was recorded on May…
