Maha Omar through the entity Omar Holding Corp. as borrower signed a refi loan with lender Suffolk Federal Credit Union valued at $8.8 million for the retail building (K1) at 1600 Westchester Avenue in Soundview, Bronx. The deal closed on March 14, 2024 and was recorded on March 19, 2024. The prior lender was TD Bank which held debt that had an original loan amount…
Simone Development Companies through the entity 2510 Westchester Avenue Associate LLC as borrower signed a refi loan with lender Webster Bank valued at $9.6 million for the office building (O2) at 2510 Westchester Avenue in Westchester Square, Bronx. The deal closed on February 29, 2024 and was recorded on March 19, 2024. The prior lender was Blackstone Group which held debt that had an original…
GTJ REIT, which focuses mostly on industrial assets, through the entity GWL 23-85 87th LLC as borrower signed a refi loan with lender Blackstone Group and AIG through the entity American General Life Insurance Company valued at $113.5 million for six industrial properties including the industrial building (G8) at 23-25 87th Street in Jackson Heights, Queens, industrial building (G1) at 612 Wortman Avenue in East…
Meir Laufer through the entity Corner 15 LLC paid $2.1 million to Sonnia Torres through the entity Hi-Rise Realty Corp for the retail building (K1) at 3601 15th Avenue in Borough Park, Brooklyn. The deal closed on March 14, 2024 and was recorded on March 19, 2024. The property has 2,700 square feet of built space and 3,947 square feet of additional air rights for…
Michael Weiner through the entity Iceberg Lounge LLC paid $2.6 million to Roman Mushayev through the entity Bmr Equities, Inc. for the three-unit building (C0) at 1137 Jefferson Avenue in Bushwick, Brooklyn. The deal closed on March 14, 2024 and was recorded on March 19, 2024. The property has 3,375 square feet of built space and 1,180 square feet of additional air rights for a…
Elliot Sohayegh through the entity NYC Chris Holdings LLC paid $2.6 million to Related Companies through the entity Nysandy8 Brooklyn 6 LLC for the eight-unit residential walkup building (C1) at 141 Meserole Avenue in Greenpoint, Brooklyn. The deal closed on March 7, 2024 and was recorded on March 19, 2024. The property has 7,500 square feet of built space according to a PincusCo analysis of…
The developers of an 11-unit rental building dubbed the Apollo at 231 East 123rd Street in East Harlem, Manhattan, placed the property in bankruptcy protection yesterday, a day before the property that has a judgment totaling $10.7 million was set to sell at auction, but the asset was not valued at more than $10 million. The property owners, Alex Halimi and Saul Mazor, filed the…
Wolfe Landau of Watermark Capital Group and Shulem Kessler signed a lease February 5, 2024, for the parish hall building of St. Agnes Roman Catholic Church, at 433 Sackett Street in Carroll Gardens, Brooklyn, with a term of 49 years. The developer plans to spend $3 million converting the 21,108-square-foot building into residential rental apartments, according to the filing the church made yesterday, as part…
Cohabs through the entity 235 Bainbridge LLC paid $3.8 million to Cycamore Capital through the entity 235 Bainbridge Street LLC for the four-unit building (C3) at 235 Bainbridge Street in Bedford Stuyvesant, Brooklyn. The deal closed on February 28, 2024 and was recorded on March 15, 2024. The property has 6,300 square feet of built space according to a PincusCo analysis of city data. The…
Manetta Enterprises through the entity Rimani Realty LLC as borrower signed a construction loan with lender Ponce Bank valued at $20 million for a 32-unit rental project on three tax parcels including the industrial building (E1) at 15 Clay Street in Greenpoint, Brooklyn, specialty building (Z9) at 56 Commercial Street in Greenpoint, Brooklyn, and specialty building (Z9) at 40 Commercial Street in Greenpoint, Brooklyn. The…
Midas Hospitality through the entity Midas Brooklyn, LLC as borrower signed a construction completion loan with lender Acres Capital through the entity Acres Loan Origination, LLC valued at $25.2 million for the hotel building (H3) at 291 Livingston Street in Downtown Brooklyn, Brooklyn. The deal closed on March 6, 2024 and was recorded on March 18, 2024. The property has 48,495 square feet of built…
McSam Hotel Group and Gene Kaufman through the entity GK West 47th LLC as borrower signed a renovation construction loan with lender Maxim Capital Group through the entity Maxim Credit Group, LLC valued at $28 million for the conversion of the former office building at 224 West 47th Street in Times Square, Manhattan, into a hotel. On the lot, there is one active major alteration…
Lalezarian Properties through the entity Brooklyn Tillary LLC as borrower signed a refi loan with lender TD Bank valued at $29.9 million for the 266-unit residential elevator building (D7) at 277 Gold Street in Downtown Brooklyn, Brooklyn. The deal closed on March 12, 2024 and was recorded on March 18, 2024. The prior lender was Santander Bank which held debt that had an original loan…
Rayan Javidnia through the entity 18-89 Troutman St LLC paid $2 million to Jacob Fulop through the entity Troutman Lofts LLC for the six-unit residential walkup building (C2) at 18-89 Troutman Street in Ridgewood, Queens. The deal closed on March 7, 2024 and was recorded on March 18, 2024. The property has 4,720 square feet of built space according to a PincusCo analysis of city…
The Shilian family’s Ace Maintenance USA through the entity Ace Clarendon LLC paid $3.3 million to Avraham Rodin through the entity 2908-2914 Clarendon LLC for the six-unit residential walkup building (C2) at 2914 Clarendon Road in East Flatbush, Brooklyn, six-unit residential walkup building (C2) at 2908 Clarendon Road in East Flatbush, Brooklyn, and six-unit residential walkup building (C2) at 2910 Clarendon Road in East Flatbush,…
Hanan Maqbol through the entity Maqbol LLC paid $3.4 million to Lambros Ballas through the entity Ldb Properties, Inc. for the four-unit mixed-use building (K4) at 153-40 Hillside Avenue in Jamaica, Queens. The deal closed on March 8, 2024 and was recorded on March 18, 2024. The property has 5,072 square feet of built space and 5,177 square feet of additional air rights for a…
Sami Souid’s Gotham Assets through the entity Gotham 225 West 39th Street, LLC paid $22.2 million to David Berley’s Walter & Samuels through the entity Walber 39 Company for the office building (O6) at 225 West 39th Street in Garment District, Manhattan. The deal closed on March 13, 2024 and was recorded on March 18, 2024. The property has 88,100 square feet of built space…
Helm Management through the entity 310 Group, LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $49.9 million for the Aliz Hotel Times Square building (H2) at 310 West 40th Street in the Garment District, Manhattan. The deal closed on March 12, 2024 and was recorded on March 15, 2024. The prior lender was an entity with the signatory Cindy Zhang…
Landpex Development through the entity 2030 Cropsey Ave Lease Holder LLC as borrower signed a refi loan with lender Dwight Capital through the entity Dwight Mortgage Trust valued at $88.2 million for the 248-unit residential elevator building (D8) at 2230 Cropsey Avenue in Gravesend, Brooklyn. The deal closed on March 8, 2024 and was recorded on March 15, 2024. The prior lender was Valley National…
Naftali Group through the entity 211 West 84th St Owner LLC as borrower signed a new construction loan with lender Bank Hapoalim valued at $177.5 million for the 45-unit condominium project at 211 West 84th Street at Broadway, on the Upper West Side of Manhattan. The debt is composed of a $48.6 million land loan and $128.9 million for a building loan and a project…
