Goose Property Management through the entity Walworth Office Bk LLC paid $4 million to Abraham Grunhut through the entity Walworth Street Properties 2 LLC for the building (E1) at 96 Walworth Street in Bedford Stuyvesant, Brooklyn. The expected use is cash flowing. The deal closed on December 5, 2024 and was recorded on December 16, 2024. The property has 4,930 square feet of built space…
UPDATED, 12:35 p.m., December 17, 2024: Joshua Greenberg through the entity 554 Metro Spe LLC paid $15.5 million to Jackie Wells, Adelino R. Franquinha, Amanda Maria-Franquinha Velazquez, and Joseph Franquinha through the entity Arf Metro, LLC for the mixed-use building (K2) at 558 Metropolitan Avenue in Williamsburg, Brooklyn and six-unit residential walkup building (C4) at 554 Metropolitan Avenue in Williamsburg, Brooklyn. The deal closed on…
UPDATED, 11:05 a.m., December 17, 2024: ZD Jasper Realty through the entity ZDJ Steinway LLC paid $16.6 million to Robert Gans through the entity 34 Steinway Street LLC for the development site which is currently a mixed-use, 25,475-square-foot building at 34-39 Steinway Street in Astoria, Queens. The deal closed on December 4, 2024 and was recorded on December 17, 2024. The contract date was July…
Bahram Benaresh, the owner of the mixed-use 175 Franklin Street in Tribeca, Manhattan, filed a chapter 11 bankruptcy in the Southern District of New York yesterday in his own name to halt the UCC foreclosure auction scheduled for today, December 17, of the property which the filing says is worth $45 million. Dalan Real Estate through the entity DC Franklin Lender LLC scheduled the auction…
A bankruptcy specialist on behalf of developers Leopoldo Baez and Emanuel Kambanis, through the entity Valdesia Gardens Housing Development Fund Corporation, on December 13, 2024, submitted a $15 million chapter 11 bankruptcy petition seeking to block the December 16 foreclosure auction of the under-construction, 45-unit, mixed-use rental building at 569 Prospect Avenue in Longwood, the Bronx. Bankruptcy specialist David Goldwasser of FIA Capital Partners, filed…
Shimshon Grunstein through the entity SHG 3602 LLC as borrower obtained a refi loan with lender IceCap Group through the entity Ice Lender Holdings LLC valued at $5.8 million for the 20-unit building (C3) at 3602 Holland Avenue in Williamsbridge, Bronx. On the lot, there was one major alteration construction project, 220726436, for a 20-unit, 12,128 square-foot R-2 building. The project was submitted by Wolf…
Berel Farkas through the entity New York Avenue Lofts LLC as borrower signed a refi loan with lender Urban Standard Capital valued at $17.5 million for the 37-unit rental at 664 New York Avenue in East Flatbush, Brooklyn. Berel Farkas also uses the name Barry Farkas, and is affiliated with companies such as SilverWolf Group and Lightstone Management (which is not related to David Lichtenstein’s…
Xin Development Group International through the entity Hudson 888 Owner Retail LLC as borrower signed a refi loan with lender Avant Capital through the entity Bluebird Credit EM LLC valued at $32.5 million for five retail properties including the retail condo at 615 10th Avenue in Hell’s Kitchen, Manhattan. The deal closed on December 6, 2024 and was recorded on December 13, 2024. The five…
Zar Property NY through the entity East 18th Street LLC as borrower signed a loan with lender JPMorgan Chase valued at $36 million for two recently purchased office properties including the office building (O6) at 119 West 57th Street in Midtown West, Manhattan and office building (O6) at 37 East 18th Street in Flatiron District, Manhattan. The deal closed on November 25, 2024 and was…
Ian Whalen through the entity 467 Rogers Avenue LLC paid $1.9 million to Jason Wiley through the entity Dev Squared Ave Property, LLC for the six-unit property (C5) at 467 Rogers Avenue in Prospect Lefferts Gardens, Brooklyn. The expected use is cash flowing. The deal closed on December 6, 2024 and was recorded on December 13, 2024. The property has 4,400 square feet of built…
Terreno Realty Corporation through the entity Terreno 31st Place LLC paid $7.6 million to Werwaiss Properties through the entity Thirty First Place Associates LLC for the industrial building (F4) at 48-29 31st Place in Long Island City, Queens. The deal closed on December 5, 2024 and was recorded on December 13, 2024. The property has 16,800 square feet of built space and 65,670 square feet…
Alfred Sabetfard’s Sabet Group through the entity 140 E 17 Street LLC paid $16.3 million to Abro Management through the entity R.A.S. Realty LLC for the 44-unit residential elevator building (D1) at 140 East 17th Street in Gramercy, Manhattan. The expected use is cash flowing. The deal closed on December 12, 2024 and was recorded on December 13, 2024. The property has 29,796 square feet…
Jacob Schwimmer through the entity 180 E125 Propco LLC paid $70 million to Extell Development through the entity 160 East 125th Owner LLC for the development building (V1) at 180 East 125th Street in East Harlem, Manhattan. The expected use is new construction. PincusCo reported on the transaction after it went into contract, indicating the buyer might be Jacob Schwimmer, but it was not confirmed…
A bankruptcy specialist on behalf of Abraham Leifer’s Aview Equities, through the entity 19 W 55 LLC, on December 13, 2024, submitted a $19 million chapter 11 bankruptcy petition seeking to block the January foreclosure auction of the 28-unit, mixed-use building at 19 West 55th Street in Midtown West, Manhattan. Aview Equities, based in Borough Park, filed the petition in U.S. Bankruptcy Court for the…
Albert Dayan through the entity 105 Roebling Aretz LLC paid $2.3 million for the three-unit mixed-use building (S3) at 105 Roebling Street in Williamsburg, Brooklyn. The expected use is cash flowing. The deal closed on October 8, 2024 and was recorded on December 11, 2024. The property has 2,625 square feet of built space according to a PincusCo analysis of city data. The sale price…
Matthew Wert, a medical doctor, through the entity 475 Greenwich Maxson LLC paid $2.5 million to Manouchehr Malekan through the entity 500 Canal LLC for the retail condo at 500 Canal Street, in a building that also has the address 475 Greenwich Street in Tribeca, Manhattan. The expected use is owner-occupied. The deal closed on December 5, 2024 and was recorded on December 11, 2024….
Cobby Gorjian’s Gorjian Real Estate Group and Parag Sawhney’s VRH Inc. through the entity GG 137 Orchard LLC paid $2.5 million to Avi Sacks through the entity Shearl Realty Corp., for the 12-unit mixed-use building (K4) at 137 Orchard Street in Lower East Side, Manhattan. The expected use is cash flowing. The deal closed on November 13, 2024 and was recorded on December 10, 2024….
Dmitri Sytchev through the entity 722 President Street LLC paid $3.4 million to the Porretto family for the three-unit building (C0) at 722 President Street in Park Slope, Brooklyn. The expected use is cash flowing. The deal closed on November 20, 2024 and was recorded on December 10, 2024. The property has 5,600 square feet of built space according to a PincusCo analysis of city…
Gatsby Enterprises through the entity Nadco Associates, LLC as borrower signed a refi loan with lender Amalgamated Bank valued at $12.5 million for the 35-unit residential walkup building (C7) at 116 Sixth Avenue in SoHo, Manhattan. The deal closed on December 9, 2024 and was recorded on December 12, 2024. The prior lender was Capital One which held debt that had an original loan amount…
Sioni Group through the entity 240 W 40 LLC as borrower signed a refi loan with lender Wells Fargo through the entity Wells Fargo Bank, National Association valued at $40 million for the office building (O6) at 240 West 40th Street in Garment District, Manhattan. The deal closed on November 27, 2024 and was recorded on December 12, 2024. The prior lender was Blackstone Group…
