All Data Health through the entity Office 31 LLC paid $13 million to Joel Schwartz through the entity 31 Spencer Street USA LLC for the office condominium unit at 31 Spencer Street in Bedford Stuyvesant, Brooklyn. The deal closed on February 13, 2024 and was recorded on March 22, 2024. The unit is Unit 2, covering floors 3, 4 and 5 with a total of…
Hiwin Group USA through the entity Hw W 34th St LLC paid $15 million to David Cohen through the entity 261 West 34th Street LLC for the development site (V1) at 245 West 34th Street in Garment District, Manhattan. The deal closed on March 18, 2024 and was recorded on March 22, 2024. The property has zero square feet of built space and 45,080 square…
Weizhen Chen, a Flushing-based real estate operator, through the entity Flushing Center Crossing LLC paid $23.1 million for the bankrupt, mixed-use building (K2) at 33-37 Farrington Street in Flushing, Queens. The property has an alternate address 34-20 Linden Place. The prior owners before the bankruptcy included Yong Chun Guo, Henry Lam, and Rita Lam through the entity Linden Center LLC. The deal closed on February…
The owner of a two-parcel, corner development site in Sunset Park, Brooklyn, at 5118 to 5124 4th Avenue, filed a chapter 11 petition to place the property into bankruptcy, valuing the asset at $7 million and claiming liabilities of $5.7 million owed to the lender. The individual Hui Zhen Kuang, as vice president of 5120 Realty Corp., filed the bankruptcy petition in U.S. Bankruptcy Court in…
Witnick Real Estate Partners through the entity 97 Grand Partners LLC paid Madison Realty Capital through the entity 97 Grand Avenue BK LLC $27.5 million for the 62-unit, seven-story, 60,210-square-foot rental building with addresses 97 Grand Avenue and 96 Steuben Street, in Clinton Hill, Brooklyn. The sale closed on March 14, 2024 after going into contract on December 14, 2023, and was recorded on March…
Comjem Associates through the entity 37 W. 14th St. Associates, LLC as borrower signed a refi loan with lender Symetra Life Insurance Company valued at $10.5 million for the office building (O5) at 37 West 14th Street in Flatiron District, Manhattan. The deal closed on March 5, 2024 and was recorded on March 21, 2024. The prior lender was JPMorgan Chase which held debt that…
Double U Realty through the entity 100 S 9 LLC as borrower signed a new construction loan with lender S3 Capital through the entity S3 Re 100 S9 Funding LLC valued at $24 million for the 45-unit project at the former church building at 100 South 9th Street in Williamsburg, Brooklyn. Michael Weitzman submitted a major alteration application for a reconstruction of the existing building…
Rimon Gabbay through the entity KG 5 Realty, LLC paid $3.6 million to Esther Hoffman through the entity Leh Equities LLC for the industrial building (E1) at 413-415 Vandervoort Avenue in East Williamsburg, Brooklyn. The deal closed on March 6, 2024 and was recorded on March 21, 2024. The property has 10,000 square feet of built space according to a PincusCo analysis of city data….
Xuebin Yin paid $4.6 million for the 20-unit residential walkup building (C1) at 42-43 147th Street in Flushing, Queens. The deal closed on February 27, 2024 and was recorded on March 21, 2024. The property has 17,325 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $268 per the PincusCo analysis. (The price…
Tamir Shadian through the entity Kenlow Realty LLC paid $4.8 million to Barberry Rose Management Company through the entity Stf 826 Crown Street Holding LLC for the 47-unit residential elevator building (D1) at 826 Crown Street in Crown Heights, Brooklyn. The deal closed on March 8, 2024 and was recorded on March 21, 2024. The property has 52,764 square feet of built space according to…
An entity affiliated with the Kirke family, which includes high-profile actors, musicians and the late British Sephardic property investor Jack Dellal, sold an unassuming five-story building at 213 Park Avenue South, in the Gramercy neighborhood, to Ippodo Tea, a Japanese tea company founded in 1717, for $10.5 million. The property a block north of Union Square, was once home to the legendary music venue, Max’s…
Lender Titan Capital ID filed a $10.5 million pre-foreclosure action at 34-49 Steinway Street in Astoria, Queens, which Robert Gans operated for decades as part of his Metropolitan Lumber & Hardware business. This is the last of the properties shown on his website which he still owns. He lost an 11-parcel portfolio in 2023 to Extell Development, Bluestone Group and Princeton Real Estate Partners, which…
Ruben Luna through the entity Diluna Property LLC as borrower signed an acquisition loan with lender Key Food Stores Co-Operative valued at $8 million for the $18 million purchase of the retail building (K1) at 1221 Saint Nicholas Avenue in Washington Heights, Manhattan. The property spans the entire block front of Saint Nicholas Avenue from 171st Street to 172nd Street. The owner bought the property…
James Ross of Rossrock LLC, through the entity Rossmil Associates as borrower signed a refi loan with lender Securian Financial Group through the entity Minnesota Life Insurance Company valued at $18 million for the 142-unit residential elevator building (D7) at 350 West 51st Street in Hell’s Kitchen, Manhattan. The deal closed on March 15, 2024 and was recorded on March 20, 2024. The prior lender…
RW Real Estate Group through the entity Rw 705 Franklin LLC as borrower signed a construction loan with lender Provident Bank valued at $24 million for the 58-unit development at 705-711 Franklin Avenue in Crown Heights, Brooklyn. On the lot, there is one active new building construction project for a 58-unit, 47,094 square-foot residential (R-2) building. The project was submitted by RW Real Estate Group…
RYCO Capital through the entity 502 Laguardia LLC (and others) as borrower signed a refi loan with lender Webster Bank valued at $78.7 million for nine properties with 97 residential units including the 24-unit residential walkup building (C7) at 142 West 4th Street in Greenwich Village, Manhattan, 24-unit residential walkup building (C7) at 140 West 4th Street in Greenwich Village, Manhattan, and 16-unit residential walkup…
Postal Realty Trust, a real estate investment trust focused on assets leased to the United States Postal Service, through the entity Eastern Postal Realty Holdings, LLC paid $3.5 million to Castagna Realty through the entity Riedda Realty Co. for the specialty building (Z3) at 2553 Jerome Avenue in Fordham Manor, Bronx. The deal closed on March 15, 2024 and was recorded on March 20, 2024….
NineDot Energy, a community distributed energy developer, through the entity Trillium Vesper Landco LLC paid $3.8 million to Lighting Palace for three commercial buildings at 2138 Flatbush Avenue, 2148 Flatbush Avenue and 2142 Flatbush Avenue in Marine Park, Brooklyn, in three separate transactions. This was the alternative power company NineDot Energy’s second purchase in New York City. Lender SolaREIT financed the acquisition with a $7.1…
The entity Lomond LLC through signatory Matthew McClure, paid $11 million to for the three-unit building (C0) at 61 Charles Street in the West Village, Manhattan. The deal closed on March 13, 2024 and was recorded on March 20, 2024. The property has 4,080 square feet of built space and 532 square feet of additional air rights for a total buildable of 4,617 square feet…
UPDATED, 4:50 p.m., March 20, 2024: The co-founder and president of the $105 billion drug company Regeneron, George Yancopoulos, paid $9.6 million for a five-story, mixed-use office and residential building at 44 Hudson Street in Tribeca, Manhattan. He bought the building through the entity 44 Hudson Holdings LLC, closing on the purchase March 11, 2024, two weeks after signing the contract on February 28, 2024….
