Alexander Musso’s AMD Holdings through the entity 25-19 30th Drive LLC paid $10 million to Bubaris Enterprises for the 58-unit residential walkup building (C1) at 25-19 30th Drive in Astoria, Queens. The deal closed on January 25, 2024 and was recorded on February 2, 2024. The property has 46,000 square feet of built space and 25,122 square feet of additional air rights for a total…
The City of New York through the NYC School Construction Authority paid $10.2 million to the assisted living nonprofit St. Nicholas Home for the building (I7) at 425 Ovington Avenue and the adjacent 443 Ovington Avenue, both in Bay Ridge, Brooklyn. The St. Nicholas Home had an alternate address of 437 Ovington Avenue. The deal closed on January 31, 2024 and was recorded on February…
AYA Acquisitions through the entity Aya BSD Capital LLC paid $31 million to BentallGreenOak through the entity Thor-GO 120-125 Riverside LLC for the 60-unit residential elevator building (D6) at 125 Riverside Drive in Upper West Side, Manhattan and 33-unit residential elevator building (D6) at 120 Riverside Drive in Upper West Side, Manhattan. Thor Equities and BentallGreenOak (at the time GreenOak) bought the two adjacent rental…
Prologis through the entity 2731 W 12th Street LLC paid $51 million to National Grid through the entity The Brooklyn Union Gas Company for the 16-acre M-zoned development lot at 2731 West 12th Street in Coney Island, Brooklyn. The deal closed on January 30, 2024 and was recorded on February 2, 2024. The property has zero square feet of built space and 1,422,260 square feet…
Aulder Capital through the entity 162-164 East 82nd Apts LLC as borrower signed a refi loan with lender Principal Real Estate Investors through the entity SBAF Mortgage Fund I/Lender, LLC valued at $8.5 million for two residential walkup properties with 37 residential units including the 20-unit residential walkup building (C5) at 164 East 82nd Street in Carnegie Hill, Manhattan and 17-unit residential walkup building (C5)…
FREO Group through the entity 68 Richardson Owner LLC as borrower signed a refi loan with lender Greystone & Co. through the entity Greystone Servicing Company LLC valued at $15.2 million for two properties with 24 residential units including the 24-unit residential elevator building (D2) at 68 Richardson Street in Williamsburg, Brooklyn and development parcel (V1) at 60A Lorimer Street in Williamsburg, Brooklyn. The deal…
Michael Durante through the entity Mjd Holdings LLC paid $3.1 million to Zaki Turkieh through the entity Orly Management And Realty LLC for the industrial building (F1) at 933 Stanley Avenue in East New York, Brooklyn. Zaki Turkieh bought the building on the same day for $2.3 million, then flipped it to Michael Durante in the current sale. The deal closed on January 5, 2024…
An individual paid $3.4 million for the three-unit building (C0) at 307 Park Place in Prospect Heights, Brooklyn. The deal closed on January 25, 2024 and was recorded on February 1, 2024. The property has 3,084 square feet of built space and 1,587 square feet of additional air rights for a total buildable of 4,670 square feet according to a PincusCo analysis of city data….
Churches United For Fair Housing through the entity Churches United For Fair Housing, Inc. paid $6.5 million to Solomon Schiff through the entity Kochav Equities, LLC for the mixed-use building (K4) at 276 Starr Street in Bushwick, Brooklyn. The deal closed on January 26, 2024 and was recorded on February 1, 2024. The property has 13,500 square feet of built space according to a PincusCo…
The entity 187wp, LLC paid $7.5 million to the entity 187 Washington Park LLC for the three-unit building (C0) at 187 Washington Park in Fort Greene, Brooklyn. The deal closed on January 26, 2024 and was recorded on February 1, 2024. The property has 3,880 square feet of built space and 120 square feet of additional air rights for a total buildable of 4,000 square…
$5.6M pre-foreclosure at Ridgewood new construction: Lender Flushing Bank filed a $5.6 million pre-foreclosure at newly built properties 1816 Gates Avenue and 1814 Gates Avenue in Ridgewood, Queens, alleging a maturity default on the loan, due to be repaid in December 2023. The complaint was filed in Brooklyn State Supreme Court on January 31, 2024. Case LINK Court filings represent the position of one party…
Sycamore Birch Management through the entity 864 BPS Apartments LLC as borrower signed a new construction loan with lender Webster Bank valued at $39.1 million for the 82-unit development at 864 Bronx Park South in West Farms, Bronx. On the lot, there is one active new building construction project for an 82-unit, 65,940 square-foot residential (R-2) building. The project was submitted by Michael Pilla with…
David Halberstam through the entity 127 Concord Realty LLC as borrower signed a refi loan with lender Dwight Capital through the entity Dwight Mortgage Trust LLC valued at $41.2 million for the development building (V1) at 127-131 Concord Street in Downtown Brooklyn, Brooklyn. On the lot, there was a new building construction project for a 73-unit, 48,558 square-foot R-2 building. The project was submitted by…
Brisa Builders through the entity Brisa Grace’s Place Managers LLC as borrower signed a new construction loan with lender TD Bank valued at $47.4 million for the retail building (K1) at 13-04 Nameoke Avenue in Far Rockaway, Queens. On the lot, there are two active new building construction projects, totaling 224,562 square feet. The largest is a new building project for a 219-unit, 194,966 square-foot…
An artist paid $3.1 million to Steven Pacia through the entity Sine Parade, Inc. for the industrial building (F5) at 17 Frost Street in Williamsburg, Brooklyn. The deal closed on January 22, 2024 and was recorded on January 31, 2024. The property has 2,500 square feet of built space and 2,499 square feet of additional air rights for a total buildable of 4,998 square feet…
Rising Properties paid $3.3 million to Carolyn J. Hebel through the entity CJH Property Management LLC for the industrial building (F4) at 24-13 46th Street in Astoria, Queens, and three small adjacent tax parcels. Rising Properties is located at the corporate office for Gullwing Motors Cars, which is located a half a block away on the same street. Peter Kumar is the owner of antique…
Pinches Abowitz through the entity Foam Place Holdings LLC paid $4.8 million to Marcal Group through the entity 11-19 Foam Place Holdings LLC for the 66-unit project at 11-19 Foam Place in Far Rockaway, Queens. There is a new building plan for a 66-unit, 45,647 square-foot residential (R-2) building submitted by Marcal Group and filed by Abraham Caller with plans filed February 16, 2022 and…
Moses Friedman through the entity Gn 514 Maple LLC paid $7.5 million to Jean Vanguens Michel and Pierre Bernard through the entity Vpmb Holdings Inc. for the 10-unit residential building (C1) at 514 Maple Street in East Flatbush, Brooklyn. On the lot, there was a new building construction project for a 10-unit, 7,906 square-foot residential (R-2) building. The project was submitted by Moshe Gross with…
Lexin Capital with a $19 million equity infusion from new investors, paid off a 2016 loan that had an original principal of $73 million secured by the Chelsea office building at 229 West 28th Street. The new value of the equity was $35.1 million. It was unclear if that was the total revised value of the asset or just the value of equity with an…
RH, formerly known as Restoration Hardware, through the entity RH Gansevoort LLC paid $57.7 million to Delshah Capital through the entity Griffon Gansevoort Holdings LLC for the RH Guesthouse hotel building (H2) at 55 Gansevoort Street in Meatpacking District, Manhattan. The deal closed on December 18, 2023 and was recorded on January 31, 2024. The property has 24,699 square feet of built space according to…
