900 unsold units in Midtown condos are in projects that are less than 50% sold out: PincusCo analysis
By Adam Pincus Amid the glut of condominiums in Manhattan, there is a subset of
Transfers
Zeqe Mehmetaj pays $7.5M to Manuel Scharf for multifamily property in Riverdale
Zeqe Mehmetaj through the entity 3366 Decatur Realty LLC paid Manuel Scharf’s Decatur Enterprise, LLC
Charter school signs lease with East Midwood Jewish Center for location to educate at-risk children
Urban Dove Charter School through the entity Urban Dove Team Charter Schools signed a six-year
Jacob Fulop signs contract to buy 6-unit rental in East Williamsburg
Jacob Fulop through the entity Grand Lofts NY LLC signed a contract to pay Candido
United Overseas Bank consolidates $67M borrowed from itself for office property in Plaza District
United Overseas Bank through the entity UOB Realty (USA) as borrower signed a loan agreement
Trinity Place refis $52M loan from Canadian Imperial Bank for multifamily property in Gowanus
The public company Trinity Place Holdings through the entity 470 4th Avenue Fee Owner, LLC
Safehold, Inc. borrows $41M from Safehold affiliate against BankNote Building land in Hunts Point
Safehold, Inc. through the entity 1201-31 Lafayette Ground Owner LLC as borrower signed a loan
Mehmet Kalkan, David Adelsberg obtain $35M in new debt in $38.6M package from Greystone & Co. in Brooklyn
Mehmet Kalkan, as officer, and David Adelsberg, as borrower signatory, borrowed $38.6M from Greystone &
Stawski Partners refis $29M loan from Helaba, reduces guarantor requirements
Stawski Partners through the entity 579 Fifth Avenue, LLC as borrower signed a loan modification