The entity Didco Urban Renewal Company, associated with Ivor Braka, David Braka, and Benjamin Braka, paid $8 million to Aetna Realty through the entity 344 Bowery Retail LLC for the retail condo at 344 Bowery in NoHo, Manhattan. The expected use is cash flowing. Aetna Realty is also affiliated with the Braka family. The deal closed on September 25, 2024 and was recorded on September…
Peter Hungerford’s PH Realty Capital and Rockledge paid $49.5 million to Sentinel Real Estate for six rental buildings in Brooklyn including 1511-1521 Brightwater Avenue and 200-210 Brighton 15th Street in Brighton Beach, and 165 East 19th Street, 120 East 19th Street, 287 East 18th Street and 1803 Beverley Road in Flatbush in six transactions. In the first, PH Realty Capital and Rockledge through the entity…
The entities that own three Garment District properties, 28 West 36th Street, 32 West 39th Street and 36 West 39th Street, which together secure a $52 million loan from the Lightstone Group, were placed into chapter 11 bankruptcy protection on Wednesday in two separate filings. The bankruptcies come as a May 2024 state court proceeding in a related action 652669/2024 had been reviewing the appointment…
Namdar Realty Group bought two notes with original principals of $1.5 million each secured by in notes secured by two East Village rental buildings, 324 East 14th Street and 75 Second Avenue, in two separate transactions. Namdar already owns additional debt on both the buildings. In the first, Namdar Realty Group through the entity East 14th Street Holdings LLC bought a note with an original…
Skyland Management through the entity 120 Lexington Ave. Corp. as borrower signed a refi loan with lender Hakimian Partners through the entity Hakimian Partners LLC valued at $7.5 million for four properties, composing one vacant development lot at 120-126 Lexington Avenue, at the corner of East 28th Street in NoMad, Manhattan. The deal closed on September 20, 2024 and was recorded on September 26, 2024….
Victor Gjonaj paid $18 million to Robert Miller for two rental buildings at 94-20 66th Avenue and 94-19 66th Avenue, each with 54 units, located across 66th Avenue from each other in Rego Park, Queens, in two transactions. In the first, Victor Gjonaj through the entity 94-20 Rego Park LLC paid $9 million to Robert Miller through the entity 94-20 Realty Co., LLC for the…
Joseph Shrem and Morris Lincer through the entity 2004 Owners Realty LLC paid $11.6 million to Isaac Wolfe and Seymour Dayan through the entity Re Acquisitions Ny LLC for the industrial building (F9) at 2004 Mcdonald Avenue in Gravesend, Brooklyn. The expected use is cash flowing. The deal closed on September 18, 2024 and was recorded on September 26, 2024. The property has 24,300 square…
PH Realty Capital and Rockledge through the entity 4101 Broadway Owner LLC paid $11.6 million to Sentinel Real Estate through the entity Broadway Towers Nyc, LLC for the 74-unit residential elevator building (D4) at 4101 Broadway in Washington Heights, Manhattan. The expected use is cash flowing. The deal closed on September 20, 2024 and was recorded on September 26, 2024. The property has 78,425 square…
Friedland Properties through the entity LF 2024 Retail LLC paid $36 million to Duell family through the entity 673 Madison LLC for the two-unit mixed-use building (K4) at 673 Madison Avenue in Lenox Hill, Manhattan. The expected use is cash flowing. The Duell family put a nine-building, approximately $300 million portfolio on the market earlier this year. The deal closed on September 17, 2024 and…
A court-appointed referee set October 16, 2024, as the date to auction off the shuttered 697-unit Midtown East hotel, the Maxwell, at the New York State Supreme Court Building in Lower Manhattan. The auction was set through a notice of sale dated September 18, which noted the judgment was $218 million. State Supreme Court Justice Andrew Borrok on May 8, 2024, sided with lender Yellowstone…
UPDATED: Aby Rosen and Michael Fuchs’s RFR Holding filed a lawsuit yesterday asking a judge to block its landlord Cooper Union from terminating RFR Holding’s $75.5 million ground lease at the Chrysler Building. The complaint alleges Cooper Union sent a 10-day lease termination notice on September 13, after it alleged RFR, its tenant, had not made ground lease payments in June and July. RFR filed…
The family office Manhattan Five Partners through the entity MH 356 Bowery, LLC as borrower signed a refi loan with lender Israel Discount Bank valued at $6.3 million for the four-unit building (C3) at 356 Bowery in NoHo, Manhattan. The deal closed on September 20, 2024 and was recorded on September 25, 2024. The property has 6,155 square feet of built space and 11,691 square…
Lazer Herman and Esther Herman through the entity 211 Nostrand Avenue LLC as borrower signed a new construction loan with lender Popular Bank valued at $18 million for the specialty building (Z9) at 211 Nostrand Avenue in Bedford Stuyvesant, Brooklyn. On the lot, there is one active new building construction project, B00717487, for an 18-unit, 15,330 square-foot residential (R-2) building. The project was submitted by…
Simcha Applegrad through the entity Watson Ave Estates LLC as borrower signed a refi loan with lender Bethpage Federal Credit Union valued at $23 million for the 108-unit residential walkup building (C1) at 1484 Watson Avenue in Soundview, Bronx. The deal closed on September 19, 2024 and was recorded on September 25, 2024. The prior lender was Citizens Bank which held debt that had an…
Danny Chang of Green Citi Management through the entity 3902 Woodside LLC paid $4.1 million to Episcopal Diocese Of Long Island through the entity Trustees Of The Estate Belonging To The Diocese Of for the specialty building (M1) at 39-02 61st Street in Woodside, Queens. The expected use is ground up development. The deal closed on September 12, 2024 and was recorded on September 25,…
San Francisco-based Spear Street Capital through the entity 446 Broadway Property Owner LLC paid $52 million to KPG Funds through the entity 446 Broadway Owner LLC for the retail building (O5) at 446 Broadway in SoHo, Manhattan. The expected use is cash flowing. This is the second SoHo property Spear Street Capital has purchased from KPG Funds in the past year. The deal closed on…
Priyank N. Patel of the LeTap Group through the entity 9th Street Hospitality Propco LLC paid $55.6 million to Sam Chang’s McSam Hotel Group through the entity LGR 9th Street LLC for the hotel building (H3) at 38-21 9th Street in Long Island City, Queens. The expected use is cash flowing. The deal closed on September 20, 2024 and was recorded on September 25, 2024….
Leah Waldman and Joel Waldman through the entity 2150c LLC as borrower signed a refi loan with lender Starwood Mortgage Capital valued at $12.8 million for the 36-unit residential walkup building (C1) at 2150 Clinton Avenue in Belmont, Bronx. On the lot, there was one new building construction project, X00610421, for a 36-unit, 23,478 square-foot R-2 building. The project was submitted by Zev Mayer with…
CareRite Centers through the entity Atlantis Property LLC as borrower signed a refi loan with lender Newpoint Real Estate Capital through the entity Newpoint Real Estate Capital LLC valued at $74.4 million for the specialty building (I6) at 140 St. Edwards Street in Fort Greene, Brooklyn. The deal closed on September 23, 2024 and was recorded on September 24, 2024. The prior lender was Popular…
Jesse Chan through the entity Jth N. 6th, LLC paid $2.5 million to Oak Tree Residential through the entity Ota 262 N. 6th, LLC for the eight-unit residential walkup building (C1) at 262 North 6th Street in Williamsburg, Brooklyn. The expected use is cash flowing. The deal closed on September 13, 2024 and was recorded on September 24, 2024. The property has 6,000 square feet…
