Hotel owner Maheshchand Ratanji through the entity Essence Hotel II LLC signed a contract as buyer to purchase from Jin Sup An through the entity Orchard Lodging LLC the hotel building (H3) at 449 West 36th Street in Hudson Yards, Manhattan. The expected use is cash flowing. No price nor closing date were given in the memorandum of contract. The memorandum was signed on October…
Chun Lee through the entity 143 Fourth Ave LLC paid $2.3 million to Kupferman family through the entity Houses 143 Associates LLC for the eight-unit residential walkup building (C1) at 143 4th Avenue in Park Slope, Brooklyn. The expected use is cash flowing. The deal closed on October 9, 2024 and was recorded on October 22, 2024. The property has 5,720 square feet of built…
Franco Sukaj through the entity 2748 Jerome LLC paid $2.5 million to Rodolfo Fuertes of Fine Fare Supermarkets through the entity 2748 Jerome Avenue LLC for the retail building (K1) at 2748 Jerome Avenue in Fordham Manor, Bronx. The expected use is ground up development. The deal closed on October 15, 2024 and was recorded on October 22, 2024. The property has 10,000 square feet…
Acadia Realty Trust through the entity 92-94 Greene Retail Owner LLC paid $43.4 million to Continental Ventures through the entity Greenemercer Retail LLC for the three retail condominium units at 92 Greene Street in SoHo, Manhattan. The expected use is cash flowing. The deal closed on October 17, 2024 and was recorded on October 22, 2024. The three properties have 7,906 square feet of built…
Metro Loft Management and David Werner Real Estate Investments through the entity 235 East 42 Owner LLC acquired full control from Alexandria Real Estate Equities through the entity 42nd & Second Holding Co LLC the ground lease that owns the office building (O4) at 235 East 42nd Street in Grand Central, Manhattan. The expected use is conversion/addition. In this transaction, a stake worth $18 million,…
KKR & Co. and Dalan Real Estate through the entity Kre 540 Fulton Owner LLC paid $235.4 million to Jenel Real Estate through the entity 540 Fulton Owner LLC for the 327-unit rental at 540 Fulton Street in Downtown Brooklyn, Brooklyn. The expected use is cash flowing. The deal closed on October 15, 2024 and was recorded on October 22, 2024. The buyers financed the…
Note holder Yellowstone Real Estate Investments took control of the shuttered 697-unit Midtown East Maxwell hotel that has a $233.6 million judgment, through a foreclosure auction on October 16, winning with a bid of $140 million. Since it held debt totaling $233.6 million, there were no surplus funds. The former owners in the foreclosure action were affiliates of Dune Real Estate Partners and Aynsley Capital,…
Lender Ready Capital took title to the Little Italy retail and office building at 158 Lafayette Street, also known as 151 Grand Street, through a foreclosure auction held on October 16. It won with a credit bid of $100. A referee appointed by a New York State Supreme Court justice set October 16, 2024, as the date for a foreclosure auction for the property which…
The entity 57 Street Lender LLC registered at the law firm Sills Cummis & Gross bought a note with an original principal of $60 million from Wells Fargo secured by APF Properties’s office building (O6) at 24 West 57th Street in Midtown West, Manhattan. Wells Fargo filed a pre-foreclosure action, 850014/2024l in January that remains ongoing against APF Properties. The new note holder will likely…
Kong Yong Chen through the entity Bsk United, LLC paid $3.1 million to Filling Equipment Co. for the industrial building (F5) at 15-39 130th Street in College Point, Queens and a vacant lot (V1) at 131st Street in College Point, Queens. The expected use is cash flowing. The deal closed on October 9, 2024 and was recorded on October 21, 2024. The two properties have…
The nonprofit Bridge Street Development Corporation through the entity Bsdc 1216 Pacific Street Housing Dev Fund Corp paid $3.8 million to the nonprofit Neighborhood Restore through the entity Restoring Communities Housing Development Fund Co for the five-unit residential walkup building (C2) at 1216 Pacific Street in Crown Heights, Brooklyn. The expected use is cash flowing. The deal closed on October 8, 2024 and was recorded…
Updated 9:15 a.m. October 22, 2024: A partnership including David Kaykov through the entity 151 Freeman Street LLC paid $4.5 million to LTNG through the entity 151 Freeman Street Owner LLC for the development site at 151 to 153 Freeman Street in Greenpoint, Brooklyn. On these lots, there is one active new building construction project, 321599267, for a six-unit, 4,979 square-foot R-2 building. The project…
Thomas Anagnostopoulos through the entity Dinami 4 LLC paid $6.2 million to RockFarmer Properties through the entity Rfc 31 Ccu LLC for the retail condo at 21-21 31st Street in Ditmars Steinway, Queens. The expected use is cash flowing. The deal closed on September 30, 2024 and was recorded on October 21, 2024. The property has 24,561 square feet of built space according to a…
Canvas Property Group through the entity Gramercy E 22nd Owner LLC paid $104.5 million to PGIM Real Estate through the entity 210-220 E. 22nd Street Ssga Owner, LLC for the 122-unit residential elevator building (D3) at 220 East 22nd Street and the 88-unit residential elevator building (D3) at 210 East 22nd Street in Gramercy, Manhattan. The expected use is cash flowing. The deal closed on…
Atlas Capital Group through the entity Atlas Vi Dekalb LLC paid $202.5 million to KKR & Co. and Dalan Management through the entity Kre Dekalb Owner LLC for the 365-unit residential elevator building (D7) at 80 Dekalb Avenue in Fort Greene, Brooklyn. The expected use is cash flowing. To finance the acquisition, Atlas Capital Group assumed a $131.5 million loan given by State Street Bank…
RCH Capital through the entity Rch/Kcp 2021 Fund LLC bought a note with an original principal of $9.8 million from Webster Bank secured by Congregation and Gmach Zichron Shlomo’s 58-unit residential elevator building (D1) at 20 Crooke Avenue in Flatbush, Brooklyn. The deal closed on September 20, 2024 and was recorded on October 18, 2024. The prior lender was Webster Bank which held debt that…
Joel Schwartz through the entity 2795 Fulton St LLC as borrower signed a new construction loan with lender Central Capital Inv through the entity Central Capital Series 1 LLC valued at $18.5 million for the 51-unit project (V1) at 2795 Fulton Street in Cypress Hills, Brooklyn. On the lot, there is one active new building construction project, 321566934, for a 51-unit, 35,905-square-foot residential (R-2) building….
The Belanich family’s Bell Realty through the entity CDI 21st Lic, LLC as borrower signed a refi loan with lender First National Bank of Long Island valued at $17 million for two properties including the specialty building (W1) at 21-02 44th Road in Long Island City, Queens and industrial building (G7) at 44-41 21st Street in Long Island City, Queens. The deal closed on October…
Strategic Hotels & Resorts through the entity Dtrs Essex House, LLC as borrower signed a refi loan with lender Bank of America and Deutsche Bank valued at $97.75 million for the JW Marriott Essex House hotel building at 160 Central Park South in Midtown West, Manhattan. The deal closed on September 30, 2024 and was recorded on October 18, 2024. The prior lender was Series…
Toufik Kassab through the entity 1205 Surf Ave Realty LLC paid $2.2 million to Elan Katz through the entity 1045 Surf LLC for the retail building (P6) at 1045 Surf Avenue in Coney Island, Brooklyn. The deal closed on September 25, 2024 and was recorded on October 18, 2024. The property has 3,938 square feet of built space and 3,938 square feet of additional air…
