Avi Dishi’s Elysee Investment Corp through the entity Metropolitan Management LLC paid $5 million to Pan Am Equities through the entity Caroline Holdings, LLC for the retail condominium unit at 546 West 207th Street in Inwood, Manhattan. The expected use is cash flowing. The building is divided into two condominium units, the retail and a garage. The garage, owned by Related Companies, was not part…
A special servicer filed a pre-foreclosure action claiming a loan with an original principal of $127.9 million that is secured by Brookfield Properties’ office building at One Pierrepont Plaza at 300 Cadman Plaza West, was in a maturity default. The special servicer for the securitized trust Series 2019-CORE, CWCapital Asset Management, filed the action in New York State Supreme Court in Brooklyn on November 15,…
Prospect Ridge through the entity Cactus Street Propco LLC paid $59.8 million to KSL Capital Partners and Hersha Hospitality Trust through the entity Brisam Management (De) LLC for the Holiday Inn Express New York City – Chelsea building (H3) at 232 West 29th Street in Chelsea, Manhattan. The expected use is cash flowing. The deal closed on November 8, 2024 and was recorded on November…
RXR Realty through the entity Rxr 91 Dekalb Owner LLC as borrower signed a new construction loan with lender Otera Capital through the entity Otera Capital Investissements XIV Inc. valued at $158 million for the property at 91 Deklab Avenue in Fort Greene, Brooklyn. On the tax block, there was one new building construction project filed totaling 288,849 square feet. It is a 275-unit, 288,849…
Rockrose Development through the entity Linc Lic L.L.C. as borrower signed a refi loan with lender Wells Fargo valued at $249.4 million for the 709-unit residential elevator building (D6) at 43-10 Crescent Street in Long Island City, Queens. The deal closed on November 1, 2024 and was recorded on November 15, 2024. The prior lender was Series 2014-C19 which held debt that had an original…
Sports and entertainment investment company BSE Global through the entity One Hanson Retail, LLC, purchased the retail condominium unit at 1 Hanson Place in Fort Greene, Brooklyn, for $10.3 million. The transaction occurred through a foreclosure sale. The former owners were Madison Realty Capital and Siguler Guff & Company. The debt holder was Amherst Capital Management through the entity Acm Cre Fund I-L, LP. The…
Royal Waste Services through the entity M&P Reali Enterprises, Inc paid $12.3 million to Ciminello Property Associates through the entity Cpa Close Avenue LLC for the industrial building (E9) at 973 Close Avenue in Soundview, Bronx, industrial building (E9) at 960 Close Avenue in Soundview, Bronx, and industrial building (E9) at 945 Close Avenue in Soundview, Bronx. The expected use is cash flowing. The deal…
UPDATED 5:20 a.m., November 19, 2024: Lawrence Movtaday’s Movcap through the entity St Marks Property Owner LLC paid $27.5 million to UBS Realty Investors through the entity 19-23 St. Marks Place Apartments Owner LLC for the mixed-use residential and retail building (K2) at 19-23 St Marks Place in East Village, Manhattan. The expected use is cash flowing. The deal closed on November 8, 2024 and…
Empire State Realty Trust through the entity Esrt 111-115 North 6th Street, L.L.C. paid $35 million to L3 Capital through the entity L3 Berry And N 6 LLC for the retail building (K4) at 111 North 6th Street at the corner of Berry Street in Williamsburg, Brooklyn. The expected use is cash flowing. The deal closed on October 31, 2024 and was recorded on November…
The Japanese medical firm Arkray Inc. through the entity Arkray Marketing, Inc. paid $46 million to Aby Rosen’s RFR Holding through the entity 102 Greene LLC for the retail building (K4) at 102 Greene Street in SoHo, Manhattan. The expected use is cash flowing. The deal closed on November 8, 2024 and was recorded on November 15, 2024. The property has 10,139 square feet of…
Ian Bruce Eichner’s Continuum Company through the entity 26 East 35th Street LLC paid $66.2 million to the Community Church of New York through the entity The Community Church Of New York for the specialty building (M1) at 34 East 35th Street in Grand Central, Manhattan, nine-unit residential walkup building (C5) at 32 East 35th Street in Grand Central, Manhattan, and nine-unit residential walkup building…
Maverick Real Estate Partners through the entity Meatpacking Retail LLC acquired Thor Equities’ retail building at 446 West 14th Street in the Meatpacking District that had a $27 million judgment, through a foreclosure auction held on July 17, 2024, but only disclosed in court records last week. The transfer has not yet been recorded in city property records. The referee report of sale was dated…
Maverick Real Estate Partners acquired four Croman Real Estate rental building at 208 to 214 East 25th Street in Kips Bay, Manhattan, that as of this month had a total judgment of $43.4 million, through a foreclosure auction held November 13, 2024, in Manhattan, according to a foreclosure auction surplus monies form filed the following day. In late October, the auction was put on the…
Beach Point Capital Management on Friday moved a step closer to acquiring title to Chetrit Group’s Hotel Bossert, located at 98 Montague Street in Brooklyn Heights, when a State Supreme Court judge handed down a judgment of foreclosure and sale that allows the court appointed referee to set an auction date for the property, that has a $177 million judgment lien. The judge, Lawrence Knipel,…
Scott Barone on behalf of Barone Management’s affiliate DMFYD LIC LLC, which owns the 86,360-square-foot office building at 9-03 44th Road in Long Island City, Queens, filed a chapter 11 bankruptcy petition in the Eastern District of New York yesterday, listing creditors Columbia Pacific Advisors, Metropolitan Commercial Bank and the city’s Industrial Development Agency. The Commercial Observer reported in April 2021 that Columbia Pacific Advisors…
Bawabeh Brothers through the entity 2923 Third Avenue Realty LLC as borrower signed a refi loan with lender Ladder Capital valued at $13.5 million for five properties including the retail building (K2) at 2927 3rd Avenue in Melrose, Bronx, office building (O2) at 918 Seneca Avenue in Ridgewood, Queens, and retail building (K1) at 1046 Southern Boulevard in Longwood, Bronx. The deal closed on November…
Joseph Atarien’s Atari Realty through the entity 193 Street LLC as borrower signed a construction loan with lender S3 Capital through the entity S3 Re Funding III LLC valued at $9 million for the 29-unit project at 134 Erasmus Street in East Flatbush, Brooklyn. On the lot, there is one active new building construction project, 321386932, for a 29-unit, 25,965 square-foot residential (R-2) building. The…
The L Group through the entity 2650 Bqe Lor LLC as borrower signed a refi loan with lender Ponce Bank valued at $17 million for the mixed-use building (K1) at 26-50 Brooklyn Queens Expressway in Woodside, Queens. The deal closed on October 21, 2024 and was recorded on November 14, 2024. The prior lender was Ponce Bank which held debt that had an original loan…
Barone Management, Shie Lefkovits, and Azimuth Development Group through the entity Bmad Merrick LLC as borrower obtained a new construction loan with lender Broadview Capital valued at $25 million for the school construction project at 134-11 221st Street in Laurelton, Queens. On this parcel there is a new building project, Q00970820, for a 60,171 square-foot school building submitted by Azimuth Development Group and Shimon Klein…
Roman Fuzaylov through the entity 243 Paz Realty LLC paid $2.4 million to Sofia Lisogor and Marina Fridman through the entity Java Property Management LLC for the mixed-use retail building (K4) at 243 Brighton Beach Avenue in Brighton Beach, Brooklyn. The expected use is cash flowing. The deal closed on November 1, 2024 and was recorded on November 14, 2024. The property has 3,240 square…
