A shuttered Manhattan Christian liberal arts college, The King’s College, is in contract to sell its sole asset, a dormitory building at 102-104 Greenwich Street in the Financial District, for $15.2 million, according to state court records. The school bought the property in 2018 for $19.2 million. The buyers Ravinder Chopra and Yuvraj Chopra are acquiring the property through the entity 102 Greenwich LLC, according…
Brooklyn owner and developer Watermark Capital Group, led by Wolfe Landau, signed a contract last week to pay $15 million for a church with a total of 164,460 square feet of development rights located in a Historic District in Fort Greene, Brooklyn. The property, the Hanson Place Central United Methodist Church at 144 Saint Felix Street, is located within the Brooklyn Academy of Music Historic…
Peny & Co. files $10.7M pre-foreclosure in West Farms: Peny & Co. filed a pre-foreclosure at 2067 Mohegan Avenue and 2060 Crotona Parkway in the Bronx. According to the complaint, “Due to the Events of Default, on December 15, 2023, Plaintiff caused to be issued to Obligors a Notice of Default… As of February 29, 2024, the following sums are due and owing to Plaintiff,…
Juda Lefkowitz through the entity 3920 15 Avenue LLC as borrower signed a new construction loan with lender Dime Community Bank valued at $16.5 million for the 42-unit development at 3914 15th Avenue in Borough Park, Brooklyn. On the lot, there is one active new building construction project for a 42-unit, 45,246 square-foot residential (R-2) building. The project was submitted by Juda Lefkowitz with plans…
Slate Property Group through the entity 105-02 Forest Hills LLC as borrower signed a refi loan with lender Apollo Global Management through the entity Athene Annuity And Life Company valued at $97 million for the 137-unit residential elevator building (D6) at 105-02 Queens Boulevard in Forest Hills, Queens. The deal closed on February 29, 2024 and was recorded on March 1, 2024. The prior lender…
Douglaston Development through the entity West 48 Owner LLC as borrower signed a new construction loan with the New York City Housing Development Corporation valued at $106.8 million for the 158-unit project at 509 West 48th Street in Hell’s Kitchen, Manhattan. On the lot, there is one active new building construction project for a 158-unit, 131,668 square-foot residential (R-2) building. The project was submitted by…
UPDATED: Christopher Merone through the entity 548-550 Union Realty LLC paid $4 million to Alan Laytner and Jeremy Katz through the entity Ralala LLC for the industrial building (E9) at 548 Union Street in Gowanus, Brooklyn. The deal closed on February 28, 2024 and was recorded on March 1, 2024. The property has 4,552 square feet of built space and 6,264 square feet of additional…
The anonymously owned entity 74 Orchard LLC in care of the Bullard Law Group paid $4.4 million to Kenneth Eckstein through the entity No. 74 Orchard St. Realty Co. Inc for the retail building (K4) at 74 Orchard Street in Lower East Side, Manhattan. The deal closed on February 15, 2024 and was recorded on March 1, 2024. The property has 6,550 square feet of…
An anonymously owned entity 199th Waring LLC registered at the law firm Smith Buss & Jacobs paid $5.1 million to MB Capital Assets through the entity Mac Bronx Portfolio I, LLC for the 47-unit residential walkup building (C1) at 246 East 199th Street in Bedford Park, Bronx. The deal closed on February 15, 2024 and was recorded on March 1, 2024. The property has 41,250…
Winston Lopez through the entity La Ventella Realty LLC paid $6 million to Walgreen Co. through the entity Walgreen Eastern Co. for the retail building (K1) at 3575 Boston Road in Williamsbridge, Bronx. This is a sale-leaseback transaction. The deal closed on February 20, 2024 and was recorded on March 1, 2024. The property has 10,495 square feet of built space and 11,742 square feet…
Alchemy Ventures through the entity 310 West 80th Street Owner LLC paid $11.2 million to Susan Schwarz and Ira Schwarz through the entity Fontenoy, LLC for the 36-unit residential elevator building (D1) at 310 West 80th Street in Upper West Side, Manhattan. The deal closed on February 14, 2024 and was recorded on March 1, 2024. The property has 22,728 square feet of built space…
Bank of America filed a $19.5 million pre-foreclosure at Myint Kyaw’s approximately 28,000-square-foot retail condominium unit at the base of the mixed-used condo building with 80 residential units at 68-80 Elizabeth Street in Chinatown, Manhattan. The bank filed the complaint on Thursday, February 29, 2024, in State Supreme Court in Manhattan. Case LINK Myint Kyaw, who also is known as Jeffrey Wu, is a developer…
Gabriel Blanco through the entity 2104 Ryer LLC as borrower signed a new construction loan with lender S3 Capital through the entity S3 Re Funding III LLC valued at $16 million for three development properties including the development building (V0) at 2104 Ryer Avenue in Fordham Heights, Bronx. On these lots, there is one active new building construction project for a 55-unit, 38,300 square-foot residential…
DTH Capital and Rose Associates through the entity Ebra 70 Pine Master Tenant LLC as borrower signed a refi loan with lender Goldman Sachs through the entity Goldman Sachs Bank Usa valued at $395 million for four condominium tax lots at 70 Pine Street with 612 residential units including the 612-unit rental condo at 66 Pine Street in Financial District, Manhattan, hotel condo at 66…
ZD Jasper Realty through the entity ZDJ Queens 50 LLC as tenant signed a ground lease valued at $5.7 million to Naum Freidman through the entity Dafre, LLC as landlord for the retail building (K5) at 50-01 Queens Boulevard in Sunnyside, Queens. The deal closed on February 28, 2024 and was recorded on February 29, 2024. The property has 3,531 square feet of built space…
Dovi Leshes’s Empire Equities through the entity 216 Grand EQ LLC paid $8 million to the family of the late artist Frank Fristachi through the entity Grand Art Gallery LLC for the three-unit mixed-use building (S3) at 216 Grand Street in Williamsburg, Brooklyn. The deal closed on February 20, 2024 and was recorded on February 29, 2024. The property has 10,916 square feet of built…
Brooklyn Friends School paid $19.2 million to Aleksandr Shchegol through the entity New York Commercial Realty LLC for the office building (O5) at 383 Pearl Street in Downtown Brooklyn, Brooklyn. The deal closed on February 28, 2024 and was recorded on February 29, 2024. The property has 27,275 square feet of built space and 29,665 square feet of additional air rights for a total buildable…
Luxury watch dealer Avi Hiaeve through the entity 5 East 59th Street Holdings LLC paid $26.7 million for the office building (O6) at 5 East 59th Street in Lenox Hill, Manhattan, formerly owned by BentallGreenOak. It was the former location of the Playboy Club, which closed in 1986. Avi Hiaeve bought the property in a foreclosure auction on January 17, 2024. The sale closed on…
Joel Schwartz through the entity 55 Borinquen Place LLC as borrower signed a refi loan with lender Starwood Mortgage Capital through the entity Starwood Mortgage Capital LLC valued at $13.3 million for the 16-unit new construction property at 45-55 Borinquen Place in Williamsburg, Brooklyn. There is a new building project for a 16-unit, residential (R-2) building submitted by Yisroel Greenfeld with plans filed March 16,…
Ciampa Organization through the entity 18303hillsideave LLC as borrower signed a new construction loan with lender Popular Bank valued at $16.5 million for the development (V1) at 183-03 Hillside Avenue in Jamaica Estates, Queens. On the lot, there is one active new building construction project for a 46-unit, 39,536 square-foot residential (R-2) building. The project was submitted by Piermont Properties and filed by Michael Grey…
