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Pre-foreclosure roundup: $11.9M in Washington Heights, $6.6M in East Flatbush

Lenders filed two pre-foreclosure actions yesterday, the larger was for an $11.9 million loan secured by the newly built 36-unit building at 531-535 West 159th Street in Washington Heights, Manhattan, and the smaller was for a $6.6 million loan secured by the 14-unit building at 651 Brooklyn Avenue in East Flatbush. The larger building was divided into two commercial condominium units, with a total of…

NCV Capital, Unique People Services sign $52.1M construction loan for 85-unit project in Highbridge

NCV Capital Partners and the nonprofit Unique People Services through the entity 1415 Ogden Avenue Housing Development Fund Corp. as borrower signed a new construction loan with lender JPMorgan Chase through the entity Unique People Services, Inc. valued at $52.1 million for the specialty building (M1) at 1415 Ogden Avenue in Highbridge, Bronx. On the lot, there is a new building construction project, X00969702, for…

ZD Jasper signs $117.5M construction loan with Maxim for 128-unit project in Hudson Yards

ZD Jasper Realty through the entity Zdj W 37 LLC as borrower signed a new construction loan with lender Maxim Capital Group through the entity Maxim Credit Group, LLC valued at $117.5 million for the industrial building (G1) at 430 West 37th Street in Hudson Yards, Manhattan. On the lot, there is one active new building construction project, M00813221, for a 128-unit, 128,331 square-foot R-2…

Eduard Nektalov pays $2.5M for office condo in Diamond District

Eduard Nektalov through the entity EBM Properties 2024 LLC paid $2.5 million to Andor Deutsch through the entity Anvic Estate LLC for the property at 62 West 47th Street in Midtown West, Manhattan. The expected use is owner-occupied. The deal closed on September 4, 2024 and was recorded on September 17, 2024. The property has 3,209 square feet of built space according to a PincusCo…

Forever Creations USA pays $3M to Sahar Atid for office condo in Diamond District

Forever Creations USA through the entity Bardia Holdings LLC paid $3 million to Sahar Atid through the entity Sahar-Atid Properties, LLC for the office condo at 50 West 47th Street in Midtown West, Manhattan. The expected use is owner-occupied. This is in the International Gem Tower Extell Development built. The deal closed on September 5, 2024 and was recorded on September 17, 2024. The property…

Dyker Heights dev site sells for $8M

The Mondi family sold a six-parcel development site in Dyker Heights, Brooklyn, at 708 to 712 61st Street and 716 to 720 61st Street for $8 million in two transactions. The parcels are contiguous but on 61st Street they do not include 714 61s Street, owned by Hok Doon John Au. The buyer entity LF 718 Realty, is registered at a Brooklyn address associated with…

Eugene Khody, Aleksandra Kogen pay $5.7M for dev site in Crown Heights

Eugene Khody and Aleksandra Kogen through the entity 820 Bergen 123 LLC paid $5.7 million through a judicial foreclosure for a property formerly owned by Mylene Liggett for the development parcel (V0) at 820 Bergen Street in Crown Heights, Brooklyn. The expected use is ground up development. The deal closed on September 16, 2024 and was recorded on September 17, 2024. The property has zero…

Waste Connections pays $12.6M to Royal Waste for specialty in Mott Haven

Waste Connections through the entity Royal Waste Property Holdings, LLC paid $12.6 million to Royal Waste Services through the entity Royal Brothers Bronx Realty LLC for the specialty building (Z9) at 891/899 East 135th Street in Mott Haven, Bronx. The expected use is owner-occupied. The deal closed on September 3, 2024 and was recorded on September 17, 2024. The property has 17,745 square feet of…

Doe Fund pays $26M to SKF Development for new 65-unit building in Bedford Park

Doe Fund through the entity 2736 Creston Avenue Housing Development Fund paid $26 million to SKF Development through the entity 2732 Creston Development LLC for the newly constructed 65-unit residential elevator building (D1) at 2738 Creston Avenue in Bedford Park, Bronx. The expected use is cash flowing. The deal closed on August 30, 2024 and was recorded on September 17, 2024. The property has 37,744…

Beitel Group signs $29M refi with Slate in Mott Haven

Beitel Group through the entity Walton Street GC Developments LLC as borrower signed a refi loan with lender Slate Property Group through the entity Scale 261 Grand Concourse Lender LLC valued at $29 million for three properties including at 261 Grand Concourse, 270 Walton Avenue and at 315 Grand Concourse in Mott Haven, Bronx. There is a development project, X00561795, for a new building calling…

Tomer Hillel signatory for $3M purchase of retail in SoHo

The entity H Mazal LLC with the signatory Tomer Hillel paid $3 million to Zdislav David Lasevski through the entity U.N.D. LLC for the retail building (K1) at 391 Canal Street in SoHo, Manhattan. This is the former location of the electronics store Argo. The deal closed on September 10, 2024 and was recorded on September 16, 2024. The property has 2,208 square feet of…

SolaREIT pays $3.2M for industrial in Belmont

SolaREIT through the entity Solareit2-A-II LLC paid $3.2 million to William Ausperger through the entity WNT Properties, LLC for the industrial building (E9) at 4452 Park Avenue in Belmont, Bronx and industrial lot (G7) at 4448 Park Avenue in Belmont/Little Italy, Bronx. The expected use is owner-occupied. The deal closed on September 5, 2024 and was recorded on September 16, 2024. The two properties have…

Elite Demolition pays $3.4M for three properties in Glendale

Fabio Bordone’s Elite Demolition through the entity 84th Street Properties LLC paid $3.4 million to Clemente Alcamo through the entity 88th Street Properties Inc for the industrial lot (G7) at 70-17 84th Street in Glendale, Queens, and two adjacent tax lots. The deal closed on September 5, 2024 and was recorded on September 16, 2024. The three properties have zero square feet of built space…

Moshe Silberstein, Etty Niederman pay $3.5M for 3-family in Williamsburg

Moshe Silberstein and Etty Niederman through the entity 224 Keap LLC paid $3.5 million to Emanuel Leonorovits and Naftaly Leonorovits for the three-unit building (C0) at 224 Keap Street in Williamsburg, Brooklyn. The expected use is cash flowing. The deal closed on September 5, 2024 and was recorded on September 16, 2024. The property has 3,280 square feet of built space and 1,580 square feet…

Gorjian Real Estate pays $16.5M to long-time owners for 50-unit rental in Hell’s Kitchen

Gorjian Real Estate Group through the entity Gg West 57 Owner LLC paid $16.5 million to Robert L. Miller through the entity 425 Realty Co., LLC for the 50-unit residential elevator building (D1) at 425 West 57th Street in Hell’s Kitchen, Manhattan. The expected use is cash flowing. Prior to this transaction, PincusCo has records that the buyer Gorjian Real Estate Group purchased two properties…

Maddd Equities pays $22.6M for 333-unit dev site in Morris Heights

Maddd Equities through the entity Hdpc2 Housing Development Fund Company, Inc. paid $22.6 million to Peter Fine of Atlantic Development Group, through the entity 1941-1959 Jerome Avenue LLC for the 233-unit development site at 1959 Jerome Avenue in Morris Heights, Bronx. The expected use is ground up development. On the lot, there is one active new building construction project, X00805009, for a 333-unit, 243,007 square-foot…

Robert Rausman affiliate pays $47.2M to Benjamin Landa for Premier nursing home in Far Rockaway

The Monsey-based entity 2241 New Haven LLC, with signatory Robert Rausman, paid $47.2 million to Benjamin Landa through the entity New Surfside Realty LLC for the Premier Nursing and Rehab Center of Far Rockaway at 22-41 New Haven Avenue in Far Rockaway, Queens. The deal closed on August 29, 2024 and was recorded on September 16, 2024. The nursing home has 49,021 square feet of…

Metropolitan Realty signs $14.1M refi with Greystone for four walkups in East New York

Metropolitan Realty Group through the entity Penn Gardens Associates, L.P. as borrower signed a refi loan with lender Greystone & Co. through the entity Greystone Servicing Company LLC valued at $14.1 million for four residential walkup properties with 90 residential units including the 29-unit residential walkup building (C1) at 366 Pennsylvania Avenue in East New York, Brooklyn, 29-unit residential walkup building (C1) at 378 Pennsylvania…

Joel Schwartz signs $21M refi with Bank of Montreal for new 30-unit building in Park Slope

Joel Schwartz through the entity 65 4th Avenue De LLC as borrower signed a refi loan with lender Bank of Montreal valued at $21 million for the newly constructed 30-unit building at 65 4th Avenue in Park Slope, Brooklyn. On the lot, there was a new building construction project, 321592059, for a 30-unit, 20,943 square-foot R-2 building. The project was submitted by Yisroel Greenfeld with…

Yacov Smouha signs $21.5M acquisition loan with White Oak, Thorofare for storage in Chinatown

Yacov Smouha through the entity CSP Properties LLC as borrower signed a acquisition loan with lender White Oak Real Estate Advisors and Thorofare Capital through the entity Thorofare Asset Based Lending Reit Fund V, LLC valued at $21.5 million for the conversion of a mixed-use building to storage at 78 Walker Street in Chinatown, Manhattan. The loan is for the purchase and conversion of the…