Gjek Popaj through the entity 113 East 184 LLC as borrower signed a refi loan with lender Wells Fargo valued at $15 million for the 51-unit residential elevator building (D7) at 113 East 184th Street in Fordham Heights, Bronx. The deal closed on January 16, 2025 and was recorded on January 24, 2025. The prior lender was NorthEast Community Bank which held debt that had…
SMA Equities through the entity 108 Delancey Street Sm, LLC as borrower signed a refi loan with lender Safra National Bank valued at $31.2 million for five properties with 14 residential units including the eight-unit mixed-use building (K4) at 1220 Lexington Avenue in Carnegie Hill, Manhattan, office building (O5) at 108 Delancey Street in Lower East Side, Manhattan, and four-unit mixed-use building (S4) at 113…
Tishman Speyer through the entity 509 W 34, L.L.C. as borrower signed a refi loan with lender JPMorgan Chase, Bank of America, and Goldman Sachs valued at $2.85 billion for the Spiral office building (O4) at 66 Hudson Boulevard, also known as 435 Tenth Avenue and 509 West 34th Street in Hudson Yards, Manhattan. Tishman Speyer issued a press release on the refinancing earlier this…
Shimon Brach through the entity 75 Heyward Realty LLC paid $7.1 million to Mor Paskes through the entity Myp Trust for the five-unit mixed-use building (S5) at 682-684 Bedford Avenue in Williamsburg, Brooklyn. The expected use is cash flowing. The deal closed on January 15, 2025 and was recorded on January 24, 2025. The property has 7,470 square feet of built space and 894 square…
Itay Gamlieli’s Avenues Equity Partners through the entity 1410-1412 Madison Ave Owners LLC paid $7.2 million to George Prepis through the entity 1410 Madison Avenue Realty Associates, LLC for the eight-unit walkup (C7) at 1410 Madison Avenue and the eight-unit walkup (C7) at 1412 Madison Avenue in Carnegie Hill, Manhattan. Avenues Equity Partners also paid $2 million for 122 East 91st Street in Carnegie Hill….
The entity DBK 1497 Third LLC paid $12.5 million to the Kalimian family through the entity Dkf 1497 Third LLC for the 15-unit residential walkup building (C7) at 1497 Third Avenue in Yorkville, Manhattan. The Kalimian family has owned this property since at least 1968 and in recent years members of the family have bought and sold stakes in this building. The deal closed on…
Peak Capital Advisors through the entity 308 E 78th Owner LLC paid $14.6 million to Abram Orwasher through the entity Arsalou Realty Corp. for the 35-unit residential walkup building (C7) at 308 East 78th Street in Lenox Hill, Manhattan. The expected use is cash flowing. The deal closed on January 17, 2025 and was recorded on January 24, 2025. The property has 23,770 square feet…
The entity Star Cinema Building LLC paid $23.8 million to Steven Tannenbaum through the entity 217 West 21 Street LLC for the office building (O5) at 217-219 West 21st Street in Chelsea, Manhattan. The deal closed on January 22, 2025 and was recorded on January 24, 2025. The property has 13,688 square feet of built space and 6,073 square feet of additional air rights for…
Camber Property Group through the entity LP Preservation LLC acquired ownership of the Linden Plaza Apartments in a deal reported at $845 million from the DeMatteis Organization through the entity Linden Plaza Housing Co., Inc. of six tax lots including the 1,276-unit property at 735 Lincoln Avenue in East New York, Brooklyn, 319-unit residential elevator building (D7) at 671 Lincoln Avenue in East New York,…
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…
