The nonprofit United Munkacser Yeshivos, which also uses the name United Munkacs Yeshivos, has signed a contract with the entity 141 Ross Realty LLC, to sell the 22-unit walkup residential building (C7) at 141 Ross Street in Williamsburg, Brooklyn, for a total consideration of $7.95 million, according to a filing with the Office of the New York State Attorney General. United Munkacser Yeshivos acquired the…
Maverick Real Estate Partners bought eight former Signature Bank loans that had a combined original principal value of $247.25 million, from a Blackstone Group affiliate. Bloomberg first reported the sale last week. The property owners include Himmel + Meringoff Properties, Jem Realty Management, Hilson Management, and others. Maverick is an active note buyer in New York City. In the largest note sale, Maverick Real Estate…
Aron Karpen through the entity 130 E 165 Holdings LLC as borrower signed a new construction loan with lender Bank of Princeton through the entity Bank Of Princeton valued at $17.1 million for the 75-unit project at 130 East 165th Street in Concourse, Bronx. On the lot, there is one active new building construction project for a 75-unit, 40,812 square-foot R-2 building. The project was…
Mohamad Farran through the entity Project 310-312 East 105th St LLC paid $4.3 million to Thomas Noto through the entity 312 East 105 Street Realty LLC for the eight-unit residential walkup building (C4) at 312 East 105th Street in East Harlem, Manhattan and eight-unit residential walkup building (C1) at 310 East 105th Street in East Harlem, Manhattan. The deal closed on February 20, 2024 and…
Dan Dai through the entity Wanda Building LLC paid $4.6 million to Anthony Losquadro and Monica Losquadro through the entity Losquadro, Anthony for the industrial building (E9) at 222 Varick Avenue in East Williamsburg, Brooklyn. The deal closed on February 7, 2024 and was recorded on February 23, 2024. The property has 14,930 square feet of built space for a total buildable of 14,930 square…
UPDATED 11:05 a.m., February 27, 2024: Adam Goodstein’s Seastone Capital through the entity 175th Associates LLC paid $4.8 million to Jeffrey Farkas through the entity 470 Audubon Ave. Corp. for the 60-unit residential walkup building (C7) at 560 W 175th St in Washington Heights, Manhattan. The deal closed on February 15, 2024 and was recorded on February 23, 2024. The property has 56,300 square feet…
The Manhattan-based real estate firm LeFrak filed a suit in Queens State Supreme Court last week, seeking to compel the Civil Court of the City of New York to speed up the process of adjudicating non-payment cases in the Housing Part. The petition alleges the procedures outlined in the state’s Real Property Actions and Proceedings Article 7, Summary Proceeding to Recover Possession of Real Property,…
The developer of a Woodside, Queens, condominium building at 64-05 Woodside Avenue that has 27 residential units, a commercial unit and a parking unit, placed the project into bankruptcy in order to block a $12.8 million foreclosure auction set for that same day. Case 1-24-40820-nhl LINK Wing Fung Chau developed the 27-unit, 29,122-square-foot mixed-use condo building at 64-05 Woodside Avenue with an alternate addresses 64-01…
UPDATED, 6:51 a.m., March 20, 2024: A Manhattan State Supreme Court referee scheduled an auction for March 20, 2024, to sell an 11-unit rental building with the address 231 East 123rd Street, in East Harlem, which has a judgment lien of approximately $10.7 million. The notice of sale was published on February 22, 2024. The lender is an affiliate of the Evanston, Illinois-based hedge fund,…
Hirshmark Capital through the entity 3001 Northern Blvd Funding LLC bought a note with an original principal of $4.5 million from Kearny Bank secured by Matthew Schwartz’s office building (O2) at 30-01 Northern Boulevard in Long Island City, Queens. The deal closed on February 7, 2024 and was recorded on February 22, 2024. The prior lender was Kearny Bank which held debt that had an…
Firebird Grove through the entity OR Patchin Place, LLC as borrower signed a refi loan with lender Derby Copeland Capital through the entity Cf Dcope Fin LLC valued at $17 million for 11 properties with 35 residential units including the four-unit mixed-use building (S4) at 9 Patchin Place in Greenwich Village, Manhattan, five-unit residential walkup building (C2) at 7 Patchin Place in Greenwich Village, Manhattan,…
Michael Sklar through the entity Ninety-Five Madison Company, L.P. as signatory for the borrower signed a initial loan with lender Goodman Capital through the entity Madison Avenue Servicing LLC valued at $23 million for the office building (O6) at 89 Madison Avenue in NoMad, Manhattan. Rita Sklar and the Sklar family has owned the building for decades. Rita Sklar as an owner placed the property…
The Wolkoff Group through the entity G&M Realty 2 LLC as borrower signed a loan with lender Fannie Mae adding $50 million of recorded debt to an existing $300 million loan at 5 Pointz, at 22-44 Jackson Avenue in Long Island City, Queens. The deal closed on February 21, 2024 and was recorded on February 22, 2024. The signatory for Wolkoff Group was David Wolkoff….
Greenbrook Partners and Carlyle Group through the entity Townhouse Rental II, L.L.C. paid $7 million to Aran P. Scott through the entity 186 Ventures LLC for the four-unit building (C3) at 186 Saint Marks Avenue in Prospect Heights, Brooklyn. The deal closed on February 21, 2024 and was recorded on February 22, 2024. The property has 4,640 square feet of built space and 487 square…
Zar Property NY and Ivan Hakimian’s HPNY through the entity HPNY West 61st Street LLC paid $15.2 million to the Brodsky Organization through the entity The Beaumont Company LLC for the approximately 60,000-square-foot office condo at 30 West 61st Street in Lincoln Square, Manhattan. The deal closed on February 15, 2024 and was recorded on February 22, 2024. The property according to city records which…
Chicago-headquartered Heitman LLC paid $63.1 million to Equity Resources Investments and SNL Storage for a storage building at 1296 East 14th Street in Midwood, Brooklyn, and for a ground lease controlling a storage building at 2036 Webster Avenue in Tremont, Bronx. Heitman was the former construction lender for both properties. The buildings were developed by a partnership of Equity Resources Investments and SNL Storage, but…
Hirshmark Capital through the entity Astoria LIC Funding LLC bought a note with an original principal of $9.7 million from Kearny Bank secured by Matthew Schwartz’s 15-unit residential elevator building (D7) at 35-16 Astoria Boulevard South in Astoria, Queens. The property is involved in one pre-foreclosure case. The suit is a $9.7 million commercial foreclosure concerning a loan. The case was filed on August 11,…
Sophia Shanfen Zhang through the entity Mings Garden Realty LLC as borrower signed a refi loan with lender Slate Property Group through the entity SPG Astoria Lender LLC valued at $29.8 million for the 143-unit residential elevator building (D3) at 26-01 4th Street in Astoria, Queens. The deal closed on February 16, 2024 and was recorded on February 21, 2024. The prior lender was Parkview…
Greenbrook Partners and Carlyle Group paid a total of $5.5 million for two Brooklyn rentals at 389 Sumpter Street in Bedford Stuyvesant and 264 Woodbine Street in Bushwick in two separate transactions with two sellers. In the larger, Greenbrook Partners and Carlyle Group through the entity Townhouse Rental II, L.L.C. paid $3.2 million to Eliahu Nahman through the entity 389 Sumpter St LLC for the…
Pericles Notias through the entity Edge Manor, LLC paid $4.2 million to Gregory Andruk and Madelyn Andruk for the retail building (K1) at 23-01 31st Street in Ditmars Steinway, Queens. The deal closed on February 15, 2024 and was recorded on February 21, 2024. The property has 4,251 square feet of built space and 6,706 square feet of additional air rights for a total buildable…
