Nuhma Tuazon through the entity Tn Venture LLC paid $2.2 million to Frank Denisco through the entity 24-25 45th Ave LLC for the 10-unit residential walkup building (C5) at 21-25 45th Avenue in Long Island City, Queens. The deal closed on March 4, 2024 and was recorded on March 13, 2024. The property has 2,976 square feet of built space and 1,020 square feet of…
Zulema Rina Paz paid $2.3 million to Urban Standard Capital through the entity USD 117 West 118 LLC for the nine-unit residential walkup building (C5) at 117 West 118th Street in Harlem, Manhattan. The deal closed on February 15, 2024 and was recorded on March 13, 2024. The property has 3,750 square feet of built space and 3,188 square feet of additional air rights for…
Spiro Gatanas through the entity Sjg Astoria LLC paid $2.7 million to Anna Maria Yavaldakis through the entity 21-42 28th Street LLC for the 16-unit residential walkup building (C1) at 21-42 28th Street in Ditmars Steinway, Queens. The deal closed on March 1, 2024 and was recorded on March 13, 2024. The property has 11,000 square feet of built space according to a PincusCo analysis…
Ruben Damaghi through the entity 405 Sackett LLC paid $2.9 million to Bart Raffaele through the entity Angeloni, Elio for the three-unit 1-4 family building (C0) at 405 Sackett Street in Carroll Gardens, Brooklyn. The deal closed on March 5, 2024 and was recorded on March 13, 2024. The property has 3,040 square feet of built space and 960 square feet of additional air rights…
An unidentified buyer through the entity 328-330 Utica Ave LLC paid $6 million to Moshe Drizin through the entity Delta Ventures LLC for the retail building (K1) at 328 Utica Avenue in Crown Heights, Brooklyn. The property is occupied by a CTown Supermarket. The deal closed on March 7, 2024 and was recorded on March 13, 2024. The property has 5,058 square feet of built…
The entity Basp Ny, LLC paid $12 million to Jack Zyman through the entity Zym@ 112 LLC for the seven-unit residential walkup building (C1) at 112 Waverly Place in Greenwich Village, Manhattan. The deal closed on February 29, 2024 and was recorded on March 13, 2024. The property has 3,822 square feet of built space and 3,557 square feet of additional air rights for a…
Thomas Polsinelli through the entity B 114 LLC paid $13.5 million to Asset Realty & Construction Group through the entity 114-115 Rockaway Park, LLC for the 27-unit rental building at 114-30 Rockaway Beach Boulevard and the adjacent 27-unit rental building at 114-06 Rockaway Beach Boulevard in Rockaway Park, Queens. Each building is divided into three commercial condominium units, and the sale was for all six…
Urban Resource Institute through the entity 951 Olmstead Avenue Housing Development Fund Corp acquired an interest from Heights Advisors through the entity 2086 Bruckner Boulevard LLC valued at $64 million for 161-unit specialty building (N2) at 951 Olmstead Avenue in Unionport, Bronx and the development site at approximately 2092 Bruckner Expressway in Unionport, Bronx. Urban Resource Institute is a nonprofit that works with domestic violence…
St. Louis-based Midas Hospitality, founded by J.T. Norville and David Robert, paid $34.88 million for a nearly complete Downtown Brooklyn hotel at 291 Livingston Street that Aview Equities developed that was placed into bankruptcy last summer. A bankruptcy specialist on behalf of Abraham Leifer‘s Aview Equities and others placed the “95-percent complete” 103-room hotel project valued at $29.5 million at 291 Livingston Street in Downtown…
Stephanie Eisenberg of Nash Metalware through the entity 72 North 15th Street Owner LLC as borrower signed a refi loan with lender Dalan Real Estate through the entity DC N 15th Lender LLC valued at $16.5 million for the industrial building (F5) at 72 North 15th Street in Williamsburg, Brooklyn. The deal closed on March 1, 2024 and was recorded on March 12, 2024. The…
Peak Capital Advisors paid $8.5 million to two separate sellers for a seven-unit building in Turtle Bay and a five-unit building in Greenpoint in two transactions. In the first, Peak Capital Advisors through the entity 333 52nd Owner LLC paid $4.3 million to Mohammad Dastghaib and Peggy DeVivo for the seven-unit residential elevator building (D7) at 333 East 52nd Street in Turtle Bay, Manhattan. The…
Grocer Ruben Luna through the entity Diluna Property LLC paid $18.2 million to Sierra Assets Group through the entity M&H Zuckerbraun, LLC for the retail building (K1) at 1221 St. Nicholas Avenue in Washington Heights, Manhattan. The deal closed on March 6, 2024 and was recorded on March 12, 2024. The property has 17,100 square feet of built space and 41,724 square feet of additional…
UPDATED 12:00 p.m., March 13, 2024: Bayrock Capital through the entity Crowne Partners LLC paid $79.2 million to GFI Capital Resources Group through the entity Idlewild Realty, LLC for the 335-unit Crowe Plaza JFK Airport hotel building (H3) at 138-10 135th Avenue in South Ozone Park, Queens. The buyer was not disclosed in property records but a source familiar with the transaction identified the buyer…
Two entities tied to the family of the billionaire Ken Dart of Dart Container transferred a 31 percent stake between themselves in six New York City properties valued at a total of $425.5 million. The properties include the Financial District office building 175 Water Street, the East Williamsburg industrial building at 154 Scott Avenue, and the East Williamsburg hotel development site at 25 Stewart Avenue….
Angelo Gordon and Spaxel through the entity AG-Spaxel 3168 Property Owner, L.L.C. as borrower signed a refi loan with lender Amalgamated Bank valued at $8.4 million for the 44-unit residential elevator building (D1) at 3168 Villa Avenue in Bedford Park, Bronx. The deal closed on March 5, 2024 and was recorded on March 11, 2024. The prior lender was Webster Bank which held debt that…
Xiaorong Zhai’s Jade Century Properties through the entity Chuang Heng Rego Park LLC as borrower signed a construction loan with lender East West Bank valued at $30 million for the 260-unit residential elevator project at 98-10 63rd Road in Rego Park, Queens. On the lot, there is one active new building construction project for a 260-unit, 196,400 square-foot residential (R-2) building. The project was submitted…
United Construction & Development Group through the entity L Island City LLC as borrower signed a acquisition loan with lender Maxim Capital Group through the entity Maxim Credit Group, LLC valued at $38.2 million for the development parcel (V1) at 42-50 24th Street in Long Island City, Queens. The deal closed on February 22, 2024 and was recorded on March 11, 2024. The prior lender…
Wolf Perl through the entity 951 Bedford LLC as borrower signed a new construction loan with lender S3 Capital through the entity S3 RE Funding III LLC valued at $8.1 million for the 20-unit project at 949-951 Bedford Avenue in Bedford Stuyvesant, Brooklyn. On the lot, there is one active new building construction project for a 20-unit, 15,127 square-foot residential (R-2) building. The project was…
JSAF Capital through the entity 524 4th Ave Realty, LLC paid $4 million to Mitchell Gordon through the entity 524 4th Ave, Inc. for the four-unit mixed-use building (S9) at 524 4th Avenue in Gowanus, Brooklyn. This is the fourth property JSAF Capital has purchased on this block, now controlling the corner. The deal closed on February 21, 2024 and was recorded on March 11,…
H&R REIT through the entity Hr Dc Smith Street Owner Lp acquired majority interest from Downtown Capital Partners and All Year Management through the entity Smith Street Owner LLC for the development parcel at 459 Smith Street in Gowanus, Brooklyn, in a deal valued at $76.5 million. The deal closed on February 22, 2024 and was recorded on March 11, 2024. The property has zero…
