Lions Group through the entity 100 Christopher LLC as borrower signed a refi loan with lender Ladder Capital through the entity Ladder Capital Finance LLC valued at $18.4 million for the 37-unit residential walkup building (C7) at 100 Christopher Street in West Village, Manhattan. The deal closed on January 8, 2025 and was recorded on January 23, 2025. The prior lender was Santander Bank which…
In Good Company Hospitality Group and Ben Igoe through the entity Rockaway Hotel Owner LLC as borrower signed a refi loan with lender Morgan Stanley through the entity Morgan Stanley Bank valued at $28.8 million for the Rockaway Hotel at 108-10 Rockaway Beach Drive in Rockaway Park, Queens. The deal closed on December 23, 2024 and was recorded on January 23, 2025. The prior lender…
Related Companies through the entity 400 East 84th Street Associates L.P. as borrower signed a refi loan with lender TYKO Capital through the entity Strathmore Debt Lender LLC valued at $100 million for the 180-unit residential elevator building (D6) at 400-410 East 84th Street in Yorkville, Manhattan. The deal closed on December 27, 2024 and was recorded on January 23, 2025. The prior lender was…
Bartholomew Stanco through the entity Pyrus Properties LLC paid $4.2 million through a real estate owned transaction to bondholders of Series 2017-SB42 by LNR Partners through the entity Fresb 2017-Sb42 West 51st Street, LLC for the five-unit residential walkup building (C2) at 458 West 51st Street in Hell’s Kitchen, Manhattan. The expected use is cash flowing. The deal closed on January 21, 2025 and was…
Cantor Fitzgerald recorded the purchase of 17 commercial real estate loans with an approximate aggregate original loan balance of $142 million from Flagstar Bank on January 17 and January 23, the first of an expected total of $343 million in loan. The purchase date was December 30, 2024. The borrowers included Alma Realty with five loans totaling $61 million, Pinnacle Group with three totaling $17.6…
Maddd Equities through the entity Eloisa 3 LLC paid $8 million to Matthew Bloomfield through the entity 57 Holding Co. LLC for the office building (O7) at 2532 Grand Concourse in Fordham Manor, Bronx. The deal closed on January 15, 2025 and was recorded on January 23, 2025. The property has 50,000 square feet of built space according to a PincusCo analysis of city data….
The entity 20 Broad Street Pledgor LLC paid $332.3 million through an entity level transfer to an affiliate of Metro Loft Management through the entity 20 Broad Street Holdings LLC for ownership of a ground lease that control the 533-unit residential elevator building (D9) at 20 Broad Street in Financial District, Manhattan. Metro Loft Management’s loan $250 million loan secured by the property was set…
Two brothers who each own a third of Sofia Storage, the Sofia family’s storage company that says it was founded in 1910, placed six entities into bankruptcy that operate storage locations in Manhattan and Brooklyn, four months after the estate of the deceased third brother won a $57 million arbitration award requiring a buyout of that brother’s one-third ownership stake. Four of the six cases…
Library Hotel Collection through the entity East 26th Street & Park Avenue Realty LLC as borrower signed a refi loan with lender Metropolitan Commercial Bank valued at $30 million for the Hotel Giraffe building (HB) at 365 Park Avenue South in NoMad, Manhattan. The deal closed on January 21, 2025 and was recorded on January 22, 2025. The prior lender was Comm 2015-CCRE22 which held…
Chess Builders through the entity West 49 Realty LLC as borrower signed a new construction loan with lender S3 Capital through the entity S3 RE 250 W 49 St Funding LLC valued at $79 million for the 135-unit development at 244 West 49th Street in Midtown West, Manhattan. The lot has an alternate address of 250 West 49th Street. On the lot, there is one…
Joel Leifer and Constance Leifer through the entity River Manor Corp. as borrower signed a refi loan with lender First American Capital Group valued at $72.4 million for the Atrium Center for Rehabilitation & Nursing, a specialty building (I6), at 611 East 103rd Street in Canarsie, Brooklyn. The deal closed on December 11, 2024 and was recorded on January 22, 2025. The prior lender was…
Joseph Setton and Jaizer Equities paid $5.4 million to two sellers in two transactions for two-family buildings at 1288 Ocean Parkway and 1284 Ocean Parkway in Midwood, Brooklyn. The expected use ground up development but that was not confirmed. There have been several ground up developments on the block in recent years. In the first transaction, Joseph Setton and Jaizer Equities through the entity 1288…
Amram Zohar Tzur through the entity NY Nadlan LLC paid $3.2 million to Robert Borre through the entity Robert Borre & Company, LLC for the three-unit building (C0) at 201 West Houston Street in Hudson Square, Manhattan. The deal closed on January 15, 2025 and was recorded on January 22, 2025. The property has 2,808 square feet of built space and 184 square feet of…
Avraham Garbo, Roei Paz, and Sara Rottenberg through the entity 122 Washington Lofts LLC paid $7.7 million through an estate sale to Patricia Ann Ballentine through the entity Estate Of Patricia Ann Ballentine for the industrial building (F4) at 122-124 Washington Avenue in Clinton Hill, Brooklyn. The deal closed on January 7, 2025 and was recorded on January 22, 2025. The property has 20,000 square…
Alen Mamrout’s Sentry Realty and 60 Guilders through the entity 1370B Investor LLC paid $75.2 million to Invesco through the entity Broadway Times Square, Inc for the office building (O6) at 1370 Broadway in Garment District, Manhattan. The deal closed on January 16, 2025 and was recorded on January 22, 2025. The property has 234,846 square feet of built space according to a PincusCo analysis…
Pacific Urban Investors through the entity Leonard Pointe LLC paid $127.5 million to UDR through the entity UDR Leonard Pointe LLC for the 188-unit residential elevator building (D1) at 88 Richardson Street in Williamsburg, Brooklyn. The expected use is cash flowing. The deal closed on January 15, 2025 and was recorded on January 22, 2025. The property has 186,779 square feet of built space according…
Alma Realty through the entity 3030 Equities, LLC as borrower signed a refi loan with lender Deutsche Bank through the entity Deutsche Bank Trust Company Americas valued at $20.5 million for the office building (O6) at 30-30 Northern Boulevard in Long Island City, Queens. The deal closed on January 10, 2025 and was recorded on January 21, 2025. The prior lender was Blackstone Group which…
Delshah Capital through the entity DS 761 Seventh Avenue LLC as borrower signed a refi loan with lender Longline Holdings through the entity Longline Financial Agent, LLC valued at $18 million for the retail condo at 761 Seventh Avenue in Midtown West, Manhattan. The deal closed on December 31, 2024 and was recorded on January 21, 2025. The property has 24,995 square feet of built…
Brisa Builders through the entity Brisa Cornaga LLC as borrower signed a new construction loan with lender Bank of America valued at $41.4 million for the 92-unit development project at 19-19 Cornaga Avenue in Far Rockaway, Queens. On the lot, there is one active new building construction project, 420667264, for a 92-unit, 53,496 square-foot R-2 building. The project was submitted by Brisa Builders and filed…
Meridian Properties through the entity Ct 5th Avenue LLC paid $2.6 million to Flagstar Bank through the entity Flagstar Bank, N.A. for the eight-unit office building (O8) at 8010 5th Avenue in Bay Ridge, Brooklyn. The expected use is cash flowing. The deal closed on December 19, 2024 and was recorded on January 21, 2025. The property has 8,640 square feet of built space and…
