Moses Karpen through the entity Gerry Gardens LLC paid $2.5 million to Henry Grunfeld through the entity Ggh Holdings LLC for the industrial building (G7) at 91 Gerry Street in Williamsburg, Brooklyn. At the same time, Karpen obtained an $8.95 million construction loan from Parke Bank. On the lot, there is one active new building construction project for a five-unit, 17,248 square-foot R-2 building. The…
Diem Lam through the entity 117 Sanford LLC paid $3 million to Jeffrey L. Cohan through the entity Jarco Realty Co. for the industrial building (E9) at 57-08 37th Avenue in Woodside, Queens and industrial property (G7) on 37th Avenue in Woodside, Queens. The deal closed on February 14, 2024 and was recorded on February 28, 2024. The two properties have 6,250 square feet of…
Beitel Group through the entity 1533-1541 60 Street LLC paid $3.5 million to Abraham M. Klein for the industrial building (E1) at 1541 60th Street in Borough Park, Brooklyn. The deal closed on February 27, 2024 and was recorded on February 28, 2024. The property has 4,000 square feet of built space and 12,018 square feet of additional air rights for a total buildable of…
Mario Jacovino of Step-Mar Contracting through the entity 320-330 Tiffany Street LLC paid $7.2 million to Rosemarie Chester and Vincent J. Chester Jr. for the industrial building (G2) at 330 Tiffany Street in Hunts Point, Bronx and specialty building (Z9) at 320 Tiffany Street in Hunts Point, Bronx. The deal closed on February 8, 2024 and was recorded on February 28, 2024. The two properties…
Jeff Sutton’s Wharton Properties through the entity 11-10/12 154th Street LLC sold for $3 million the development parcels (V1) at 11-08 and 11-10 154th Street in Whitestone, Queen to the Little Flock Church. Jeff Sutton sold two Fifth Avenue buildings in December and January for $1.8 billion, including the largest investment sale of 2023, $835 million to Prada for 720 and 724 Fifth Avenue. The…
Martin Espinal, a grocer who owns City Fresh Market, through the entity The Grandview Of Queens LLC paid $8.7 million to George L. Malin and William N. Weidman for the retail building (K1) at 583 Grandview Avenue in Ridgewood, Queens. The deal closed on February 20, 2024 and was recorded on February 28, 2024. The property has 10,000 square feet of built space and 31,655…
PH Realty Capital through the entity 114 East 71 Associates, LLC as borrower signed a refi loan with lender LMF Commercial valued at $17.3 million for the 18-unit residential elevator building (D1) at 114 East 71st Street in Lenox Hill, Manhattan. The deal closed on February 9, 2024 and was recorded on February 27, 2024. The prior lender was Rialto Capital which held debt that…
Williams Equities through the entity 304 E. 45th LLC as borrower signed a refi loan with lender 3650 REIT through the entity 3650 Real Estate Investment Trust 2 LLC valued at $65 million for nine commercial condos at 304 East 45th Street in Turtle Bay, Manhattan. The deal closed on February 20, 2024 and was recorded on February 27, 2024. The prior lender was John…
Marx Development Group through the entity 37-11 Owner LLC as borrower signed a refi loan with lender Madison Realty Capital through the entity 450 11th Ave Lender LLC valued at $88.8 million for the 379-unit hotel building (H2) at 450 11th Avenue in Hudson Yards, Manhattan. The deal closed on February 23, 2024 and was recorded on February 27, 2024. The prior lender was Mack…
Harold Klein through the entity 805 Fairmount Place Portfolio LLC paid $3.5 million to Isaac Gutman through the entity Fairmount Realty 805 LLC for the 35-unit residential walkup building (C1) at 805 Fairmount Place in Tremont, Bronx. The deal closed on February 2, 2024 and was recorded on February 27, 2024. The property has 25,925 square feet of built space according to a PincusCo analysis…
Congregation Shaare Zion paid $4.8 million for a two-family building (B1) at 2040 Ocean Parkway in Gravesend, Brooklyn. This is the congregation’s fourth purchase on the block, starting in November 2022. The four newly-purchased properties they own are separated by a residential property they do not own, according to a review of city records. The congregation’s temple lies just to the north of 2040 Ocean…
Dinesh Desai paid $9.5 million to Kenneth Moslin for two 55-unit residential walkups with the addresses 619 West 176th Street and 618 West 177th Street in Washington Heights, Manhattan in two separate transactions. In the first, Dinesh Desai through the entity 619 West 176th Street LLC paid $4.75 million to Kenneth Moslin through the entity 176-177 Wadsworth Associates, LLC for the 55-unit residential walkup building…
Yosef Rabinowitz through the entity 224-14 Linden Owner LLC paid $5 million to RW Real Estate Group through the entity 224-14 Linden LLC for the retail building (K1) at 222-14 Linden Boulevard in Cambria Heights, Queens. RW Real Estate Group flipped the property, buying it only a month before it signed the contract to sell it. The deal closed on February 16, 2024 and was…
A group of Gowanus residents under the name Third Street Block Association filed a lawsuit yesterday in Brooklyn State Supreme Court seeking to block the conversion of 130 3rd Street, a commercial building affiliates of David Levitan of Liberty One Group own, into a homeless shelter under an R-1 application, which is generally allowed in manufacturing zones. Levitan is a major investor in homeless shelters….
Yuzuru Honda through the entity Honda, Yuzuru paid $3.3 million to Hyun Sung Park through the entity 104 Global Inc for the mixed-use building (S1) at 104 Roebling St in Williamsburg, Brooklyn. The deal closed on February 13, 2024 and was recorded on February 22, 2024. The property has 3,000 square feet of built space according to a PincusCo analysis of city data. The sale…
Gina Argento of Broadway Stages through the entity 3355 Walgreen Crescent Corp. paid $4 million to Petrakis Realty Group through the entity Petrakis Properties, LLC for the mixed-use building (K1) at 33-55 34th Avenue in Astoria, Queens. The deal closed on February 13, 2024 and was recorded on February 22, 2024. The property has 10,400 square feet of built space according to a PincusCo analysis…
United Construction & Development Group through the entity LIC Venture Capital LLC as borrower signed a refi loan with lender New Era Life Insurance valued at $27.5 million for the development site (V1) at 41-50 21st Street in Long Island City, Queens. The deal closed on January 12, 2024 and was recorded on February 26, 2024. The prior lender was Berkshire Bank which held debt…
CB-Emmanuel Realty through the entity CB ANCP 2018 LLC as borrower signed a rehab construction loan with lender Local Initiatives Support Corporation valued at $43.2 million for four properties with 53 residential units including the 16-unit residential elevator building (D1) at 102 West 119th Street in Harlem, Manhattan, 12-unit residential walkup building (C4) at 1971 7th Avenue in Harlem, Manhattan, and 10-unit residential walkup building…
Seren Morey through the entity 57-52 Realty LLC paid $2.4 million to Yaakov Pfeiffer and Vincent Vennera through the entity Eli23 Holdings LLC for the industrial building (F4) at 57-52 58th Place in Maspeth, Queens. The deal closed on February 15, 2024 and was recorded on February 26, 2024. The property has 3,619 square feet of built space according to a PincusCo analysis of city…
Fatih Yartas through the entity Woon Easy Living LLC paid $3.3 million to John S. Lego through the entity Ashley 312, LLC for the five-unit residential elevator building (D3) at 312 East 51st Street in Turtle Bay, Manhattan. The deal closed on February 14, 2024 and was recorded on February 26, 2024. The property has 5,400 square feet of built space and 225 square feet…
