Manjit Kaur through the entity 3601 164 LLC paid $6 million to Weisheng Guan through the entity Hua Hong Industrial (USA) LLC for the seven-unit mixed-use building (K4) at 36-01 164th Street in Murray Hill, Queens. The deal closed on February 14, 2024 and was recorded on February 21, 2024. The property has 13,180 square feet of built space and 3,946 square feet of additional…
Zinoviy Zaltsman through the entity Psz5, LLC paid $11.4 million to Lane Capital Partners through the entity LCP Slope Fee Owner, LLC for the eight-unit mixed-use building (K4) at 665A 5th Avenue in Greenwood Heights, Brooklyn. The deal closed on February 20, 2024 and was recorded on February 21, 2024. The property has 23,400 square feet of built space and 7,242 square feet of additional…
Ketan Patel and Prakashkumar Patel through the entity Crescent Hotel Realty LLC paid $18.1 million to Young Jun Ahn, Daniel Chung Sung Ahn, Kwi-Won Y. Ahn, and Ike Ahn through the entity Dan’s Global Hotels, LLC for the hotel building (H3) at 42-24 Crescent Street in Long Island City, Queens. The deal closed on February 8, 2024 and was recorded on February 21, 2024. The…
The long-time owners of two East Village rental buildings at 421 East 12th Street and 511 East 6th Street filed bankruptcy petitions for each building yesterday, which give a combined asset value of $17.7 million and noted liabilities of about $12 million. The petitions were both filed by Alexa Czerny. The Czerny family including Zdzislaw Czerny bought 511 East 6th Street in 1997 and bought…
Alfa Development through the entity First Flatiron LLC as borrower signed a refi loan with lender Citibank through the entity Citi Real Estate Funding Inc. valued at $11.7 million for the nine-residential unit mixed-used building (O6) at 15 West 18th Street in Flatiron District, Manhattan. The deal closed on January 31, 2024 and was recorded on February 20, 2024. The prior lender was TD Bank…
Stagg Group through the entity 2441 Crotona Avenue LLC as borrower signed a refi loan with lender Berkadia Commercial Mortgage valued at $12.9 million for the newly built 33-unit residential elevator building (D1) at 2441 Crotona Avenue in Belmont/Little Italy, Bronx. The deal closed on February 7, 2024 and was recorded on February 20, 2024. The prior lender was Popular Bank which held debt that…
Griffon Ventures through the entity 112 Gv LLC paid $3.2 million to Bronstein Properties through the entity Nagle 112 LLC for the 25-unit residential walkup building (C7) at 112 Nagle Avenue in Washington Heights, Manhattan. The deal closed on February 8, 2024 and was recorded on February 20, 2024. The property has 15,960 square feet of built space and 1,864 square feet of additional air…
NineDot Energy through the entity Swan Landco LLC paid $5.2 million to Winston Lopez through the entity H. L. Uno, LLC for the vacant property at 641 Casanova Street in Hunts Point, Bronx. The deal closed on February 6, 2024 and was recorded on February 20, 2024. The signatory for Winston Lopez was Winston Lopez. The signatory for NineDot Energy was Adam Cohen. The contract…
The entity 168 Lafayette Ave LLC paid $5.3 million to Nathan Rose through the entity 168 Lafayette LLC for the two-unit building (B3) at 168 Lafayette Avenue in Fort Greene, Brooklyn. The deal closed on February 2, 2024 and was recorded on February 20, 2024. The property has 4,734 square feet of built space according to a PincusCo analysis of city data. The sale price…
David Khaloyan through the entity 1134 1st Ave, LLC paid $5.5 million to Samuel Dalembert through the entity Ny Feat, LLC for the eight-unit residential walkup building (C7) at 1134 1st Avenue in Lenox Hill, Manhattan. The deal closed on February 16, 2024 and was recorded on February 20, 2024. The property has 9,775 square feet of built space and 10,469 square feet of additional…
Carlyle Group through the entity Townhouse Rental V, L.L.C recapitalized a Greenbrook Partners property formerly owned through the entity 269 Henry St, LLC, at a value of $14.1 million. The building is an 18-unit residential walkup building (C1) at 269 Henry Street in Brooklyn Heights, Brooklyn. The deal closed on February 8, 2024 and was recorded on February 20, 2024. The property has 9,000 square…
UPDATED:The top 25 investment sales and transfers of commercial properties in New York City in 2023.
The top 25 commercial loans given on investment properties in New York City in 2023.
PincusCo will publish the final version of 2023’s top 100 lenders on New York City commercial real estate, on March 15, 2024. Please submit any changes by the deadline, the end of day March 8, 2024. Mortgage brokers, please submit your deals for a related 2023 broker ranking. An analysis will accompany the final article on March 15. PincusCo is only tracking deals of $5…
PincusCo will publish the final version of the top 200 investment sales buyers of New York City real estate, on March 15, 2024. Please submit any changes by the deadline, the end of day March 8, 2024. Brokers, please submit your deals for a separate 2023 broker ranking. An analysis will accompany the final article on March 15. To submit edits or changes, email ap[at]pincusco.com….
Ke An Chen through the entity KJ East 111 Realty LLC as borrower signed a new construction loan with lender Ponce Bank through the entity Ponce Bank valued at $18 million for four development properties including the development building (V1) at 170 East 111th Street in East Harlem, Manhattan, development building (V1) at 168 East 111th Street in East Harlem, Manhattan, and development building (V1)…
Kamran Hakim through the entity Ht West 27th Realty LLC as borrower signed a refi loan with lender Webster Bank through the entity Webster Bank, National Association valued at $22 million for two properties with 28 residential units including the 28-unit residential elevator building (D8) at 537 West 27th Street in Chelsea, Manhattan and property at 540 West 28th Street in Chelsea, Manhattan. The deal…
Lam Group through the entity Dumbo Hotel LLC as borrower signed a refi loan with lender Deutsche Bank through the entity DBR Investments Co. Limited valued at $85 million for the Sheraton Brooklyn New York hotel building (H1) at 222-228 Duffield Street in Downtown Brooklyn, Brooklyn. The deal closed on January 31, 2024 and was recorded on February 16, 2024. The prior lender was H.I.G….
Louis Foundos and Thoma Beno through the entity East 182 Realty, LLC paid $2.1 million to Vincent Maldonado through the entity 54 East 182 LLC for the 26-unit residential walkup building (C1) at 54 East 182nd Street in Fordham Heights, Bronx. The deal closed on January 31, 2024 and was recorded on February 16, 2024. The property has 20,400 square feet of built space and…
The entity Rogers Brooklyn LLC through the signatory Samantha Oh as member, paid $2.3 million to Mark Pnini through the entity 391 Grand Capital LLC for the three-unit building (C0) at 391 Grand Avenue in Clinton Hill, Brooklyn. The deal closed on January 26, 2024 and was recorded on February 16, 2024. The property has 4,032 square feet of built space and 234 square feet…
