Simone Development Companies through the entity Hutch Tower Two Owner LLC as borrower signed a refi loan with lender Union Labor Life Insurance Company valued at $85 million for the office condo at 1250 Waters Place in Pelham Bay, Bronx. The deal closed on September 27, 2024 and was recorded on October 3, 2024. The prior lender was Series 2014-C24 which held debt that had…
The entity 271 Canal LLC, which has an office at the same location as the Eshagh Moezinia Family Trust, paid $6.5 million to Bruce Fung through the entity Lay Fung Realty Corp. for the mixed-use building (K4) at 271 Canal Street in Little Italy, Manhattan. The expected use is cash flowing. The deal closed on October 2, 2024 and was recorded on October 3, 2024….
Peak Capital Advisors through the entity 212 8th Owner LLC paid $7.1 million to Corey Sherman through the entity Ens/21 LLC for the 17-unit residential walkup building (C7) at 212 8th Avenue in Chelsea, Manhattan. The expected use is cash flowing. Peak Capital Advisors is one of the most active buyers in the city. The deal closed on September 27, 2024 and was recorded on…
UPDATED 3:40 p.m., October 7, 2024: The entity Bushwick Management Group, LLC paid $8.6 million to Bushwick Economic Development Corporation for the 62-unit specialty building (N2) at 629 Chauncey Street in Bushwick, Brooklyn. The deal closed on September 16, 2024 and was recorded on October 3, 2024. The property has 24,622 square feet of built space and 5,750 square feet of additional air rights for…
Bixby Bridge Capital through the entity Broome Lender LLC acquired title through a judicial foreclosure from former owners Arash Rahmani, Ebrahim Khalili, Omid Rahmani, Shawn Khodadadian, and Rabin Rahmani of the retail condo at 430 Broome Street in Little Italy, Manhattan. The expected use is cash flowing. The former loan was $8.1 million and the transfer value was $10.5 million. The deal closed on September…
UPDATED: A local investor through the entity Booth 6560 LLC paid $11.2 million to Robert Miller through the entity 65-60 Realty Co., LLC for the 65-unit residential elevator building (D1) at 65-60 Booth Street in Rego Park, Queens. The expected use is cash flowing. The deal closed on September 26, 2024 and was recorded on October 3, 2024. The property has 64,932 square feet of…
Empire State Realty Trust through the entity Esrt 81-91 North 6th Street, L.L.C. paid $68 million to L3 Capital through the entity L3 Williamsburg Portfolio LLC for the three-unit mixed-use building (S3) at 85 North 6th Street in Williamsburg, Brooklyn, retail building (K2) at 81 North 6th Street in Williamsburg, Brooklyn, and retail building (K2) at 89 North 6th Street in Williamsburg, Brooklyn. The expected…
The entity 7 West 18th LLC by the signature of Oren Barak in care of Tarsat Prop LLC, paid $22.75 million to ASB Capital Management through the entity West 18th Street Venture, LLC for the office building (O6) at 7 West 18th Street in Flatiron District, Manhattan. The deal closed on September 30, 2024 and was recorded on October 3, 2024. The property has 43,307…
Abraham Sanieoff paid $50.5 million to Page Management for three Manhattan rental properties, 300 West 12th Street in the West Village, 240 West 15th Street in Chelsea, and 5 Jones Street in Greenwich Village. The Real Estate Alert previously reported on the transaction but only identified the buyer as Sani Group and did not identify the individual Abraham Sanieoff, who owns a modest portfolio of…
Ken Huang through the entity 32 New Venture Holding LLC bought a note with an original principal of $23 million from Cathay Bank secured by an 89-unit residential condominium project (D6) at 37-19 32nd Street in Long Island City, Queens. The deal closed on September 27, 2024 and was recorded on October 2, 2024. The property has 97,106 square feet of built space according to…
Lakhi Zoria through the entity 218 Hempstead Turnpike LLC paid $4.8 million to Baruch Frankel through the entity Queens Village Management Corp. for the retail building (K1) at 218-25 Hempstead Avenue and an adjacent parking lot, in Queens Village, Queens. The expected use is cash flowing. The deal closed on September 18, 2024 and was recorded on October 2, 2024. The property, which is divided…
Shan An Zhao through the entity Clarity Assets LLC paid $8.2 million to Allied Properties through the entity 65th Development LLC for the development building (V1) at 801 65th Street in Dyker Heights, Brooklyn. The expected use is ground up development. The deal closed on September 23, 2024 and was recorded on October 2, 2024. The property has zero square feet of built space and…
Empire State Realty Trust through the entity ESRT 100-104 North 6th Street, L.L.C. paid $18.1 million to L3 Capital through the entity Rs Jz Bedford – N 6th, LLC for the retail building (K1) at 100-104 North 6th Street in Williamsburg, Brooklyn. The expected use is cash flowing. The other two purchases were 124 North 6th Street for $18.1 million and 134 North 6th Street…
The family of Chris Paravalos and John Paravalos through the entity 151 East 19th Realty Group LLC paid $10.3 million to the entity 151 East 19th Street, LLC for the 20-unit residential elevator building (D7) at 151 East 19th Street in Gramercy, Manhattan. The expected use is cash flowing. The deal closed on September 24, 2024 and was recorded on October 2, 2024. The property…
Empire State Realty Trust through the entity Esrt 124-128 North 6th Street, L.L.C. paid $18.1 million through a real estate owned to L3 Capital through the entity Rs Jz Bedford – N 6th, LLC for the retail building (K1) at 124 North 6th Street in Williamsburg, Brooklyn. The expected use is cash flowing. This is the second transaction between the parties reported recently. In the…
Jack Guttman’s Pearl Realty Management through the entity 47-10 Austell LLC paid $11 million to the Vanbarton Group through the entity Eib Austell LLC for the office building (O5) at 47-16 Austell Place in Long Island City, Queens. The expected use is cash flowing. The sale price is below a multi-advance term loan with a maximum principal of $17.4 million written in April 2018, but…
The Nagin family’s Superior Management through the entity Roebling Management LLC paid $18.99 million to developer the Loketch Group through the entity 225 Roebling LLC for the 10-unit and retail rental building at 207 South 3rd Street in Williamsburg, Brooklyn. The sale price was nearly identical to the maximum principal of a loan Loketch obtained in 2020, for $18.9 million. The deal closed on September…
PH Realty Capital, Rockledge and Alma Realty obtained a $53 million acquisition loan from Florida-based BridgeInvest for rentals the partners purchased from Sentinel Real Estate in Brooklyn and Manhattan. The loans were distributed over three filings. In the first, PH Realty Capital, Rockledge and Alma Realty through the entity 110 Bennett Avenue Owner LLC as borrower signed a acquisition loan with lender BridgeInvest through the…
Treeline Companies through the entity 175 Remsen Owner Tic 1 LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $30 million for the office building (O6) at 175 Remsen Street in Brooklyn Heights, Brooklyn. The deal closed on September 10, 2024 and was recorded on October 1, 2024. The prior lender was Wells Fargo which held debt that had an original…
AJU Continuum through the entity Blue 31st Street NYC LLC as borrower signed a refi loan with lender Hanmi Bank valued at $90 million for two hotels including the hotel (H3) at 52-56 West 36th Street in the Garment District, and the hotel (H2) at 30 West 31st Street in Penn Plaza, Manhattan. AJU Continuum was formerly known as AJU Hotel and Resort. The deal…
