Akiva Kurland through the entity Hartland Ocean LLC paid $4.2 million to Brenda Elishis through the entity Ocean Avenue Associates LLC for the 40-unit residential walkup building (C1) at 540 Ocean Avenue in Flatbush, Brooklyn. The expected use is cash flowing. The deal closed on November 4, 2024 and was recorded on November 20, 2024. The property has 46,452 square feet of built space and…
Neofitos Stefanides through the entity 30-74 31 Street LLC paid $4.8 million to Wing Tsoi through the entity Team One Realty Inc for the office building (O7) at 30-74 31st Street in Astoria, Queens. The expected use is cash flowing. The deal closed on November 8, 2024 and was recorded on November 20, 2024. The property has 11,091 square feet of built space according to…
Benjamin Soleimani’s ABJ Properties pays $15.6M to Related Companies for four walkup properties in Prospect Heights, Brooklyn, in four transactions. In the first, ABJ Properties through the entity 315 Lincoln, LLC paid $6 million to Related Companies through the entity Nysandy15 Lincoln Place LLC for the 18-unit residential walkup building (C1) at 315 Lincoln Place in Prospect Heights, Brooklyn. The expected use is cash flowing….
Bashkim Celaj through the entity 720 West 181st Owner LLC paid $10.4 million to Daniel Goldberg through the entity Viaveb LLC for the 52-unit residential elevator building (D7) at 720 West 181st Street in Washington Heights, Manhattan. The expected use is cash flowing. The deal closed on November 15, 2024 and was recorded on November 20, 2024. The property has 51,144 square feet of built…
ZD Jasper Realty through the entity Zdj Greenpoint LLC paid $16.3 million to Jehovah’s Witnesses through the entity Christian Congregation Of Jehovah’s Witnesses for the theater building (M1) at 44-17 Greenpoint Avenue in Sunnyside, Queens. The expected use is ground up development. The deal closed on October 31, 2024 and was recorded on November 20, 2024. The property has 23,650 square feet of built space…
Parkview Properties through the entity Jamaica 8856 LLC paid $18.8 million to Jianfei Chen and Tao Shen through the entity 89th Ave Project LLC for the 51-unit residential elevator building (D1) at 88-56 162nd Street in Jamaica, Queens. The expected use is cash flowing. The deal closed on November 13, 2024 and was recorded on November 20, 2024. The property has 49,264 square feet of…
Watermark Capital Group and Borough Developers through the entity 649 Hart St LLC as borrower signed a refi loan with lender Citibank through the entity Citi Real Estate Funding Inc. valued at $20 million for two properties including the two-unit retail building (O8) at 176 Central Avenue and the 38-unit building at 649 Hart Street in Brooklyn. The deal closed on November 15, 2024 and…
Blackstone Group through the entity B9 Zerega Owner LLC as borrower signed a refi loan with lender Morgan Stanley, Bank of America, Barclays, Goldman Sachs, and JPMorgan Chase valued at $26.8 million for the industrial building (E9) at 537 Zerega Avenue in Castle Hill, Bronx. The deal closed on November 8, 2024 and was recorded on November 19, 2024. The prior lender was Series 2020-VKNG…
Jenel Management through the entity Ditmars 22-11 LLC as borrower signed a refi loan with lender Webster Bank valued at $45 million for the retail building (K2) at 22-11 31st Street in Ditmars Steinway, Queens. The deal closed on November 12, 2024 and was recorded on November 19, 2024. The prior lender was Santander Bank which held debt that had an original loan amount of…
The 2221 Ave R Holdings LLC with unknown ownership paid $5.5 million to Congregation Beth Bracha and Yackob for the school building (W2) at 2221 Avenue R in Sheepshead Bay, Brooklyn. The deal closed on September 30, 2024 and was recorded on November 19, 2024. The property has 16,140 square feet of built space according to a PincusCo analysis of city data. The sale price…
Aron Stark through the entity 524 West 134th St LLC paid $6.8 million to Nathan Obstfeld through the entity 524 West 134th LLC for the 24-unit residential walkup building (C1) at 524 West 134th Street in Harlem, Manhattan. The expected use is cash flowing. The deal closed on October 31, 2024 and was recorded on November 19, 2024. The property has 15,370 square feet of…
Hotel owner Surjeet Kaur through the entity 78 Investors, LLC paid $6.8 million to the Koeppel family for the retail building (K1) at 78-17 Northern Boulevard and the retail building (K1) at 78-01 Northern Boulevard in Jackson Heights, Queens. PincusCo expects this will be a ground up development. The deal closed on November 4, 2024 and was recorded on November 19, 2024. The two properties…
Bnos Shifra through the entity Bnos Shifra Trust paid $6.8 million to Pirchei Shoshana through the entity Pirchei Shoshana, LLC for the retail building (K1) at 1462 39th Street in Borough Park, Brooklyn. The expected use is cash flowing. The deal closed on November 6, 2024 and was recorded on November 19, 2024. The property has 9,425 square feet of built space and 9,425 square…
Northwell Health through the entity Staten Island University Hospital paid $15.5 million to Rivercrest Realty Associates through the entity Seaview Dc, LLC for the office building (O1) at 500 Seaview Avenue in Midland Beach, Staten Island. The expected use is owner occupied. The deal closed on September 9, 2024 and was recorded on November 19, 2024. The property has 40,000 square feet of built space…
A Kassin Sabbagh Realty affiliate through the entity BK 38th Lender LLC acquired the 23-unit condominium building with retail and community facility at 142-28 38th Avenue in Flushing, Queens through a foreclosure auction. Kassin Sabbagh Realty won the auction with a credit bid of $23.5 million through a judicial foreclosure that followed a bankruptcy. The former owners included Ai Guang Chen and Jin Wu Yu….
Feil Organization through the entity 255 Mall LLC as borrower signed a refi loan with lender Mutual of Omaha through the entity United Of Omaha Life Insurance Co valued at $28 million for two retail properties including the retail building (K6) at 255-01 Union Turnpike and the retail building (K1) at 255-03 Union Turnpike in Glen Oaks, Queens. The deal closed on October 24, 2024…
Meshulem Twersky through the entity 31-61 Vernon Blvd LLC as borrower signed a refi loan with lender Golden Bridge Funding through the entity Golden Bridge R2 LLC valued at $28.5 million for two residential elevator properties with 102 residential units including the 51-unit residential elevator building (D3) at 31-59 Vernon Boulevard in Astoria, Queens and 51-unit residential elevator building (D3) at 11-24 31st Drive in…
Portfolio School through the entity North Moore Real Estate Group LLC paid $6.9 million to David Swersky through the entity S&S Investors Two LLC for the two commercial condominium units at 27 North Moore Street in Tribeca, Manhattan in two separate transactions. The expected use is owner-occupied. The Portfolio School’s affiliate Tribeca Community School occupies space in the building. The first deal closed on November…
Chestnut Holdings of New York through the entity 1964 Gc LLC paid $2.9 million to Elliot Wolbrom through the entity El-Wol Realty Corp. for the 35-unit residential elevator building (D7) at 1964 Grand Concourse in Mt Hope, Bronx. The expected use is cash flowing. The deal closed on November 7, 2024 and was recorded on November 18, 2024. The property has 32,000 square feet of…
Vista Property, with offices in New York, Chicago and London, through the entity 627 Avenue U LLC paid $4.5 million to Abraham Cohen and Jacob Tambor through the entity Ocean Villas II LLC for the development parcels (V0) at 617 and 629 Avenue U in Sheepshead Bay, Brooklyn. There are three other vacant lots that are part of the development site but not part of…
