Celestial Capital through the entity 149 PP LLC paid $3.8 million to Jason Bijur through the entity 149 Prospect Place LLC for the seven-unit residential walkup building (C1) at 149 Prospect Place in Prospect Heights, Brooklyn. The deal closed on February 26, 2025 and was recorded on March 7, 2025. The property has 4,230 square feet of built space according to a PincusCo analysis of…
Anshel Fridman of Nalcorp paid a total of $8 million to two different sellers for a two-parcel development site in Mott Haven, the Bronx, in two transactions. In the first, Anshel Fridman of Nalcorp through the entity 338-344 Grand Concourse LLC paid $4.3 million to Helena Neuwirth through the entity 340 Grand Concourse, Inc. for the industrial building (G2) at 338 Grand Concourse in Mott…
Active property investor Son Dinh Tran paid $18 million to long-time owners for 11 walkups in Chelsea, Manhattan, in two separate transactions. In the first, Son Dinh Tran through the entity 218-226 West 17th Street Owner LLC paid $12 million to members of the Felder and Schustack families for the 113 units in eight walkup buildings (C5) at 218 to 224 West 17th Street in…
Joy Construction in partnership with Services for the Underserved through the entity 1545 Jerome Housing Development Fund Corporation paid $15 million to John P. McKenna and Shannon M. Walsh through the entity McKenna Development LLC for the industrial building (G1) at 1540 Inwood Avenue in Mt Eden, Bronx and the industrial building (G1) at 1545 Jerome Avenue in Mt Eden, Bronx. The expected use is…
UPDATED, 12:20 p.m., March 12, 2025: Private equity firm Hamilton Lane that reports it has $956 billion in assets under management bought RWN Real Estate Partners’ 85 percent stake valued at $62.9M in five Dalan Real Estate walkup buildings in Manhattan in two separate transactions. It was unclear if the $62.9 million represented the 85 percent stake, which would imply the five buildings were worth…
Israel Nachfolger through the entity S&A RE Acquisitions LLC paid $56.4 million to Nelson Tuchman through the entity Tuchman Associates II LLC for the Rego Park Health Care nursing home building (I6) at 111-20 Corona Avenue in Corona, Queens, along with two adjacent lots. The expected use is cash flowing. The deal closed on February 27, 2025 and was recorded on March 7, 2025. The…
Joel Braver of Express Builders signed as manager of the entity Burnside Properties NY LLC, which paid $15 million to the Berger and Katz families through the entity Western Highway Associates LLC for the retail building marketed as a development site at 57 East Burnside Avenue in Fordham Heights, the Bronx. The expected use is ground up development. Marketing material states the buildable is about…
Joel Schwartz through the entity 360 Johnson, LLC as borrower signed a refi loan with lender Parke Bank valued at $19.8 million for the hotel building (H3) at 360 Johnson Avenue in East Williamsburg, Brooklyn. The deal closed on February 27, 2025 and was recorded on March 6, 2025. The prior lender was Yakar Partners which held debt that had an original loan amount of…
Canvas Investment Partners and Tokyu Land US through the entity 430 Albee Bk Owner LLC as borrower signed a refi loan with lender MUFG Bank valued at $60 million for the 150-unit rental building at 430 Albee Square in Downtown Brooklyn, Brooklyn. The deal closed on February 28, 2025 and was recorded on March 6, 2025. The prior lender was Tokyu Land US which held…
Chayim Rosenfeld through the entity Beach 30 Multifamily LLC paid $5 million to Ben Gleitman through the entity Sbbk F LLC for the development site (V0) at 109 Beach 30th Street in Far Rockaway, Queens. The expected use is ground up development. On the lot, there is one active new building construction project, Q01177691, for a 99-unit, 52,619 square-foot R-2 building. The project was submitted…
Cerco Funding through the entity Lex57 LLC signed as tenant for a long-term ground lease valued at $8.6 million with landlord Silk & Halpern Realty Associates through the entity Silk & Halpern 57, LLC at the office building (O4) at 695 Lexington Avenue also known as 136 East 57th Street, in Midtown East, Manhattan. The expected use is cash flowing. The deal closed on February…
William Hocking, Gloria Dattoma, Sanford Lowentheil, and Matthew Seiden and others sold to Jack Ancona, Steven J. Ancona, and Emilio Rivera Torres and others a 69.86 percent interest in the office building (O6) at 64 Fulton Street in Financial District, Manhattan, in a deal valued at $10.5 million. This was an entity level transaction. It’s unclear if $10.5 million is the entire value of the…
The entity West 11th Trust paid $12.8 million to Morris Adjmi for the two-unit building (B3) at 233 West 11th Street in West Village, Manhattan. The deal closed on March 4, 2025 and was recorded on March 6, 2025. The property has 3,360 square feet of built space and 680 square feet of additional air rights for a total buildable of 4,033 square feet according…
City Urban Realty through the entity 110 Liberty Associates LLC paid $40 million to Empire Management and Gatsby Enterprises through the entity 72nd Street Holding LLC for the 88-unit residential elevator building (D6) at 244 West 72nd Street in Lincoln Square, Manhattan. The expected use is cash flowing. The deal closed on February 20, 2025 and was recorded on March 6, 2025. The property has…
Chess Builders through the entity East 86 Realty LLC paid $50 million to Extell Development through the entity 355 East 86th Street Lp for the 33-unit residential elevator building (D7) at 355 East 86th Street in Yorkville, Manhattan. The expected use is ground up development. On the lot, there is one active new building construction project, M01142990, for a 99-unit, 101,102 square-foot residential (R-2) building….
Miriam Sharifian, Moshe Sharifian, and Mehrdad Sharifian through the entity Eight Mon LLC as borrower obtained a refi loan with lender Morgan Stanley through the entity Morgan Stanley Bank valued at $15 million for the 31-unit residential elevator building (D7) at 11 West 8th Street in Greenwich Village, Manhattan. The deal closed on February 20, 2025 and was recorded on March 5, 2025. The prior…
Milstein Properties through the entity 335 Madison Avenue LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $645 million for the office building (O4) at 335 Madison Avenue in Grand Central, Manhattan. The deal closed on February 24, 2025 and was recorded on March 5, 2025. The prior lender was Citibank which held debt that had an original loan amount of…
Anbau, Inc. through the entity 341 Nevins Street Fee LLC paid $4.3 million to Equity Residential through the entity EQR-Gowanus Development, LLC for the development site at 341 Nevins Street in Gowanus, Brooklyn. The expected use is ground up development. The deal closed on March 4, 2025 and was recorded on March 5, 2025. The property has zero square feet of built space and 12,300…
Pinches Abowitz through the entity Tower 162 LLC paid $4.3 million to the entity Sor-San Realty Corp. for the development site at 8961 162nd Street in Jamaica, Queens. The expected use is ground up development. On the lot, there is one active new building construction project, Q01150733, for a 89-unit, 61,415 square-foot R-2 building. The project was submitted by Emeric Weinstock and filed by Ami…
Elad Group through the entity 2581 Broadway Owner LLC paid $5.9 million to Walter & Samuels through the entity Bewss Company for the retail building (K2) at 2581 Broadway in Upper West Side, Manhattan. The expected use is ground up development. The deal closed on February 28, 2025 and was recorded on March 5, 2025. The property has 4,800 square feet of built space and…
