Root Studios through the entity Willoughby & Suydam LLC paid $6.8 million to Guyana Plating through the entity Guyana Plating LLC for the industrial building (F5) at 1288 Willoughby Avenue in Bushwick, Brooklyn, industrial building (F5) at 1292 Willoughby Avenue in Bushwick, Brooklyn, and industrial building (E1) at 1294 Willoughby Avenue in Bushwick, Brooklyn. The deal closed on March 14, 2024 and was recorded on…
TARGO Capital Partners through the entity 321 W16 Property Owner LLC paid $8.1 million to Croman Real Estate through the entity 321 W. 16th LLC for the 10-unit residential walkup building (C1) at 321 West 16th Street in Chelsea, Manhattan. The deal closed on March 12, 2024 and was recorded on March 15, 2024. The property has 5,125 square feet of built space and 1,069…
Chestnut Holdings of New York through the entity 555 O LLC paid $10.3 million for the 85-unit residential elevator building (D1) at 555 Ocean Avenue in Flatbush, Brooklyn that was in bankruptcy. The former owner who filed to place the building into bankruptcy was Daniel Reifer through the entity Three Nickels LLC. The deal closed on March 5, 2024 and was recorded on March 15,…
Yun Gen Yang and Le Ping Yang through the entity Ng Yang LLC paid $10.8 million to Jack Lee, Un Lin Wang, and Chin Tsua Yang through the entity Wyl Associates LLC for the mixed-use building (K2) at 135-38 Roosevelt Avenue in Flushing, Queens. This parcel is on an unusually shaped lot that is 40 feet by 35 feet. A typical New York City tax…
The nonprofit Chinese-American Planning Council through the entity Cpc Headquarters, Inc. acquired for the transfer price of $20.2 million from the Gotham Organization through the entity GO Broome LLC for a commercial condominium at 207 Broome Street in Lower East Side, Manhattan. The deal closed on March 6, 2024 and was recorded on March 15, 2024. The signatory for Gotham Organization was David L. Picket….
Glass Stone Properties through the entity Glass Stone Properties LLC paid $21 million to Extell Development, Bluestone Group, and Princeton Real Estate Partners through the entity 175 Spring Street LLC for the mixed-use building (K2) at 173 Spring Street in SoHo, Manhattan. The property was part of a large portfolio investor, lumber company owner and strip club operator Robert Gans had before losing it in…
Bao Gui Zhuo through the entity Cherry Garden LLC, filed an $8.5 million bankruptcy to block the foreclosure auction of a 20-unit rental building located at 142-15 Cherry Avenue in Flushing, Queens. Zhuo filed the bankruptcy on March 15, 2024, to halt a foreclosure auction set for the same day. The filing estimates the building is worth $8.5 million and the property has about $5…
The special servicer for an allegedly defaulted $350 million loan filed a pre-foreclosure action March 15, 2024, at Shorenstein Properties’ 1.1-million-square-foot Garment District office building at 1407 Broadway. Mount Street, a London-based financial group, acting as special servicer, filed the action in New York State Supreme Court, approximately six months after the loan was moved into special servicing, as the Commercial Observer reported at the…
Developer Cheskel Schwimmer of Chess Builders signed a $33.2 million contract to buy a development site at 616 11th Avenue in Hell’s Kitchen with about 148,064 square feet of development rights through a bankruptcy process. The debtor is Robert Gans and his creditors are a joint venture including Gary Barnett’s Extell Development, Eli Tabak’s Bluestone Group and Joseph Tabak’s Princeton Real Estate Partners. The property…
Gilman Management through the entity 205th Street Associates LLC paid $1.95 million to Ramer & Saperstein through the entity 407-205, LLC for the 29-unit residential walkup building (C1) at 407 West 205th Street in Inwood, Manhattan. The deal closed on February 28, 2024 and was recorded on March 4, 2024. The property has 17,810 square feet of built space and 2,147 square feet of additional…
Zev Mayer through the entity 711 E LLC as borrower signed a new construction loan with lender Broadview Capital valued at $9.9 million for the 18-unit project at 711 East 214th Street in Williamsbridge, Bronx. On the lot, there is one active major alteration construction project for an 18-unit, 12,192 square-foot residential (R-2) building. The project, job number X00694310, was submitted by Everett Mitchell with…
Naftali Group through the entity 470 Kent Ave Associates LLC as borrower signed a construction loan with lender Bank OZK valued at $238 million for a tax parcel with three development projects totaling 551 units at 470, 480 and 490 Kent Avenue in Williamsburg, Brooklyn. The deal closed on March 1, 2024 and was recorded on March 14, 2024. The prior lender was Bank OZK…
Sudhir Kumar Arora through the entity 114 East 183rd St Corp paid $2.8 million to Simkho Aranbayev through the entity 114 East 183rd LLC for the retail building (K1) at 114 East 183rd Street in Fordham Heights, Bronx. The deal closed on March 5, 2024 and was recorded on March 14, 2024. The property has 3,149 square feet of built space and 15,802 square feet…
Balbir Singh through the entity 960 Myrtle Ave LLC paid $3.5 million to the entity Jack Paz, LLC for the eight-unit residential walkup building (C7) at 960 Myrtle Avenue in Bedford Stuyvesant, Brooklyn. The deal closed on March 5, 2024 and was recorded on March 14, 2024. The property has 6,000 square feet of built space and 4,498 square feet of additional air rights for…
Liberty One Group through the entity West 106th Street Owner 1 LLC paid $14 million to August Aichhorn Center for Adolescent Residential Care for the 12-unit specialty building (N2) at 23 West 106th Street and the 12-unit specialty building (N9) at 142 West 106th Street in Upper West Side, Manhattan. PincusCo reported in April 2023 on this transaction when this deal was in contract. The…
The special servicer for a loan with a $10.5 million balance filed a pre-foreclosure complaint yesterday against an affiliate of the Feil Organization which owns the 11,145-square-foot retail condominium unit at the base of the Tempo condo building at 300 East 23rd Street at the corner of Second Avenue in Gramercy. The special servicer, LNR Partners, filed the action on behalf of investors in the…
Four Winds Real Estate through the entity 110-114 Rivington House Partners LLC as borrower signed a refi loan with lender Arbor Realty Trust through the entity Arbor Agency Lending, LLC valued at $24.3 million for four properties with 53 residential units including the 23-unit residential elevator building (D6) at 114 Ridge Street in Lower East Side, Manhattan, 20-unit residential walkup building (C7) at 106 Ridge…
FBE Limited through the entity FBE Kings Highway LLC as borrower signed a refi loan with lender JLL through the entity JLL Real Estate Capital, LLC valued at $30.8 million for the 119-unit residential elevator building (D7) at 9720 Kings Highway in Brownsville, Brooklyn. The deal closed on February 21, 2024 and was recorded on March 13, 2024. The prior lender was Santander Bank which…
Clipper Equity through the entity Bedford Beverly B LLC as borrower signed a new construction loan with lender Slate Property Group through the entity Scale 2360 Bedford Lender LLC valued at $140 million for the 354-unit project at 2366 Bedford Avenue in Flatbush, Brooklyn. The project is identified as Building B in the lower portion of the illustration, and was filed under job number B00698117….
Greenbrook Partners and Carlyle Group through the entity Townhouse Rental II, L.L.C. paid $2.2 million to Meshulam Hass through the entity 257 Sunset Inc for the two-unit building (B9) at 257 19th Street in Greenwood Heights, Brooklyn. The deal closed on March 8, 2024 and was recorded on March 13, 2024. The property has 1,440 square feet of built space and 1,685 square feet of…
