Siqi Liao through the entity Chang An Real Property LLC paid $8.8 million to Julius Nasso through the entity Bay Street Partner LLC for the office building (O5) at 110 Edgewater Street in Rosebank, Staten Island. The deal closed on January 3, 2024 and was recorded on March 6, 2024. The property has 55,723 square feet of built space and 28,849 square feet of additional…
Kenneth Griffin of the hedge fund Citadel LLC signed a contract May 9, 2023, to buy up to 250,000 square feet of development rights for $312.50 per foot from St. Bartholomew’s Church, for the development of a 1.7 million square foot Midtown East office tower at 350 Park Avenue, that Griffin and partners Vornado Realty Trust and Rudin Management plan to build. The contract was…
United Construction & Development Group, led by Jiashu Xu, paid $57.5 million to a joint venture including Fisher Brothers and the Hakim Organization for the development site at 42-50 24th Street in Long Island City, Queens, where the sellers filed plans in 2019 for a 240-unit, 245,877-square-foot residential tower, which was then changed to a mixed-use building with 83 residential units and and 372 hotel…
David Levitan of Liberty One Group and Joel Shafran, through the entity 25th Street Owner LLC, paid $16.4 million to promotional items wholesaler Royal Industries International for the industrial building (F4) at 290 24th Street in Greenwood Heights, Brooklyn. The deal closed on March 1, 2024 and was recorded on March 6, 2024. The property has 56,400 square feet of built space according to a…
Victor Sigoura’s Legion Investment Group paid $68.3 million for four walkup buildings, 252, 254, 256 and 258 Third Avenue in four separate transactions. The total buildable square footage according to a PincusCo calculation is 69,000 square feet, or approximately $990 per square foot. In October 2023, Sigoura filed plans for a 48-unit, 73,156 square-foot residential (R-2) building at 152 East 21st Street on these parcels….
Joyland Group through the entity Third At Third LLC as borrower signed a new construction loan with lender iCross Capital through the entity Elite United LLC valued at $66 million for the industrial building (E9) at 125 3rd Street in Gowanus, Brooklyn. On the lot, there is one active new building construction project for a 84-unit, 73,135 square-foot R-2 building. The project was submitted by…
Asian Americans For Equality through the entity Magnolia Gardens Developer Inc. as borrower signed a new construction loan with lender UMB Bank valued at $79.2 million for the development building (V1) at 133-04 39th Avenue in Flushing, Queens. There is a new building project for a 90-unit, 62,932 square-foot residential (R-2) building submitted by Thomas Yu with plans filed November 29, 2021 and permitted February…
Arnold & Porter Kaye Scholer registered through the entity Ny 28th Street LLC as borrower signed a refi loan with lender KSL Capital Partners through the entity Lipan Investments, LLC valued at $112.5 million for the hotel building (H2) at 140 West 28th Street in Chelsea, Manhattan. The deal closed on February 29, 2024 and was recorded on March 5, 2024. The prior lender was…
Moshe Koplowitz through the entity Markland Newell LLC paid $2.8 million to Jason S. Greenberg through the entity 111 Newell Street Partners LLC for the eight-unit residential walkup building (C1) at 111 Newel Street in Greenpoint, Brooklyn. The deal closed on February 21, 2024 and was recorded on March 5, 2024. The property has 5,000 square feet of built space according to a PincusCo analysis…
Renovation Group through the entity 51-09 2nd Street LLC paid $3.6 million to Edward Monaco and John Bleckman through the entity Bleckman Holdings LLC for the industrial building (E9) at 51-09 Second Street in Long Island City, Queens. The deal closed on February 22, 2024 and was recorded on March 5, 2024. The property has 3,950 square feet of built space and 8,038 square feet…
MacArthur Capital Group through the entity Mp 667 LLC paid $6 million to Lynn Schneider through the entity 56th Lexington Holding, LLC for the retail condo at 140 East 56th Street in Midtown East, Manhattan. The deal closed on February 28, 2024 and was recorded on March 5, 2024. The property has 11,425 square feet of built space according to a PincusCo analysis of city…
ConnectOne Bank files $9.3M pre-foreclosure in Bushwick: ConnectOne Bank filed a pre-foreclosure action against the owners of 255 Linden Street and 263 Linden Street in Bushwick, Brooklyn with a loan that had an original principal of $9.3 million. The lender signed three forbearance agreements and additional loan modifications according to the court filings, however the lender ultimately declared the loan in default. Court filings represent…
An affiliate of Aurec Capital and Golden Arc, SM Holdings 2021 LLC, signed a $4.6 million contract to buy the six-story residential building at 133 West 70th Street in Lincoln Square, Manhattan, from the Roman Catholic Church of the Blessed Sacrament. The contract, dated December 20, 2023, was disclosed yesterday in a court filing that is a required process when a nonprofit or religious organization…
Sharp Management through the entity 138-Sharp Realty LLC as borrower signed a refi loan with lender Newpoint Real Estate Capital valued at $30.3 million for the 148-unit residential elevator building (D7) at 430 East 138th Street in Mott Haven, Bronx. The deal closed on February 29, 2024 and was recorded on March 4, 2024. The prior lender was Flagstar Bank which held debt that had…
Hirshmark Capital through the entity 268 Cabrini Funding LLC bought a note with an original principal of $7.2 million from Capital One secured by Empire Management’s 53-unit residential elevator building (D1) at 268-330 Cabrini Boulevard in Washington Heights, Manhattan. The deal closed on February 20, 2024 and was recorded on March 4, 2024. The prior lender was Capital One which held debt that had an…
Titan Industrial Services paid $5 million to EBC Capital for two parcels in Greenpoint, Brooklyn, that abut one another midblock, which are 110 Hausman Street and 93 Apollo Street. The sale occurred in two transactions. In the larger, Titan Industrial Services through the entity 110 Hausman LLC paid $3.5 million to EBC Capital through the entity Rcgt 2661-52 LLC for the property at 110 Hausman…
Joel Schwartz through the entity 157 Leonard St LLC paid $4 million to Action in Christ International for the church building (M1) at 157 Leonard Street in Williamsburg, Brooklyn and adjacent lot at 74 Stagg Street in Williamsburg, Brooklyn. On these lots, there is one active new building construction project for an eight-unit, 5,295 square-foot R-2 building. The project was submitted by Hershy Silberstein and…
UPDATED 7:08 a.m., March 14, 2024: Investor Mike Chiwah Kong paid $4.6 million to Barberry Rose Management Company for the 27-unit residential walkup building at 290 East 53rd Street in East Flatbush, Brooklyn, according to sources familiar with the transactions. The sale has not yet been recorded in public records as of the date of publication. The property sold for about half the 2018 purchase…
Carlyle Group and Greenbrook Partners through the entity Townhouse Rental II, L.L.C. paid $4.6 million to Eden Ashourzadeh and Alon Ashourzadeh through the entity 549 Partner LLC for the five-unit residential walkup building (C2) at 549 Meeker Avenue in Greenpoint, Brooklyn. This is at least the fourth property the Ashourzadehs have sold to Carlyle Group and Greenbrook Partners. The deal closed on February 28, 2024…
Turnbridge Equities through the entity 2300 69 Street Property LLC paid $16.6 million to Peter K. Tully through the entity Tully-Willets Realty Co., LLC for the industrial building (F9) at 2300 East 69th Street in Bergen Beach, Brooklyn, specialty building (Z9) at 2250 East 69th Street in Bergen Beach, Brooklyn, and industrial building (G7) at N/A East 69th Street in Bergen Beach, Brooklyn. The deal…
