The entity 842 Edenview LLC, with the signature of Hung Pin Hung of Brooklyn-based Pro-H Group, paid $30 million to the Chun family’s 842 Enterprises, Inc. for the vacant lot at 842 Sixth Avenue in NoMad, Manhattan. On the lot, there is one active new building construction project for a 168-unit, 77,819 square-foot hotel (R-1) building. The project was submitted by Rob Chun with plans…
Harold Friedman through the entity 263 Skillman LLC as borrower signed a refi loan with lender Starwood Mortgage Capital valued at $19.6 million for the property at 263 Skillman Street in Bedford Stuyvesant, Brooklyn. The deal closed on August 28, 2024 and was recorded on September 6, 2024. The prior lender was Golden Bridge Funding which held debt that had an original loan amount of…
Long-time family owner Hal Goldberg through the entity Cee Gee Inwood LLC as borrower signed a refi loan with lender Alcova Capital Management through the entity Alcova Origination LLC valued at $20.1 million for three properties including the office building (O5) at 4116 9th Avenue, the public school building (W1) at 417 West 219th Street in Inwood, Manhattan, and specialty building (W1) at 409 West…
Jacob Schwimmer through the entity 138 Bruckner Realty LLC as borrower signed a refi loan with lender MF1 Capital through the entity MF1 Capital LLC valued at $165 million for the 448-unit newly built rental building at 138 Bruckner Boulevard in Mott Haven, Bronx. On the lot, there was one new building construction project, X00643715, for a 448-unit, 318,084 square-foot residential (R-2) building. The project…
Silvio Lazo of CNS Construction, through the entity 144 Centre Street, LLC paid $2.3 million to Zdzislaw Mikolajczyk for the industrial building (F5) at 144 Centre Street in Red Hook, Brooklyn. The deal closed on August 28, 2024 and was recorded on September 6, 2024. The property has 5,032 square feet of built space according to a PincusCo analysis of city data. The sale price…
UPDATED 9:05 a.m., September 9, 2024: Chabad Lubavitch Of Brooklyn Heights through the entity Chabad Lubavitch Of Brooklyn Heights 128 Montague paid $3.9 million to Davean Holdings through the entity 128 Montague St LLC for the nine-unit residential walkup building (C7) at 128 Montague Street in Brooklyn Heights, Brooklyn. The deal closed on August 23, 2024 and was recorded on September 6, 2024. The property…
Liberty One Group through the entity 55-05 Flushing Owner LLC paid $8 million to DNJ Mechanical through the entity Dcd Ny Properties LLC for the industrial building (E1) at 55-03 Flushing Avenue in Maspeth, Queens. This purchase closed a week after Liberty One Group paid Maguire Capital Group $9.5 million for a storage building in Yorkville. The deal closed on August 27, 2024 and was…
The Indianapolis, Indiana-based Sandor LLC through the entity Cottage Sand Realty LLC paid $11.7 million to Zucker Organization through the entity Pooh Bear 59, LLC for the retail condominium unit at 205 East 59th Street in Midtown East, Manhattan. The expected use is cash flowing. This is Sandor LLC’s first purchase in New York City. The acquisition was part of a 1031 exchange, according to…
Alchemy Properties and ABR Partners, using the unofficial name Alchemy-ABR Investment Partners for the partnership, paid a total of $34.225 million for two tax parcels at 1482 and 1484 First Avenue, and additional air rights, from three separate sellers in three transactions. The Real Deal first reported on the sale last week. In the first transaction, Alchemy-ABR through the entity East 77 Property Owner LLC…
Overview of Foreclosure, Bankruptcy, and Lawsuit Cases with Professional Subscription Objective: To efficiently locate and analyze New York City foreclosure, bankruptcy, and general lawsuit cases using the Pincus Co. Media professional data platform. Key Steps: Accessing the Dashboard: Go to the website’s navigation bar and hover over “Professional Data.” Click on “Foreclosure Bankruptcy and Lawsuits” from the dropdown menu. Understanding Trends and Court Filings:…
Bayrock Capital through the entity BR First Partners LLC paid $19.9 million to Himmel + Meringoff Properties through the entity First/Broadway Acquisition LLC for the office building (O6) at 1114 First Avenue in Lenox Hill, Manhattan. The expected use is cash flowing. The deal closed on August 27, 2024 and was recorded on September 6, 2024. The property has 41,300 square feet of built space…
Nursing home investor Pasquale DeBenedictis, a principal with Cassena Care, through the entity Queens Blvd Woodside Acquisition II LLC paid $5.4 million to Teachers Federal Credit Union for the mixed-use building (K7) at 50-24 Queens Boulevard in Sunnyside, Queens. The expected use is cash flowing. The deal closed on August 23, 2024 and was recorded on September 5, 2024. The property has 16,703 square feet…
Zar Property NY through the entity East 18th Street LLC paid $27 million to long-time owners through the entity 37-41 East 18th Street Realty Co., LLC for the office building (O6) at 37 East 18th Street in Flatiron District, Manhattan. The deal closed on August 29, 2024 and was recorded on September 6, 2024. The property has 67,051 square feet of built space according to…
Yeshivat Darche Eres, Inc., also known as the YDE School, paid $8 million to the Devito family for the industrial buildings at 324 Avenue Y in Gravesend, Brooklyn. The buildings are directly across the street from the Jewish elementary through high school campus at 325 Avenue Y. The likely use is as a development site. The deal closed on August 26, 2024 and was recorded…
The Brodsky Organization, GFP Real Estate and the Sorgente Group, plan to convert the Flatiron Building at 175 Fifth Avenue into 39 condominium units with retail on the ground floor, with the plans disclosed in documents filed with the city’s Department of City Planning, under application 2024M0252. The Commercial Observer first reported on the conversion plans filed with the city, and at the time the…
Steelpoint Property Group through the entity 30-44 32nd Street Astoria Owner LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $15.5 million for three residential walkup properties with 61 residential units including the 24-unit residential walkup building (C7) at 34-04 34th Avenue in Astoria, Queens, 20-unit residential walkup building (C1) at 30-42 32nd Street in Astoria, Queens, and 17-unit residential walkup…
Express Builders through the entity Boynton Properties 2 LLC as borrower signed a refi loan with lender Castellan Capital through the entity 1580 Story LLC valued at $23 million for the development site at 1580 Story Avenue in Soundview, Bronx. The deal closed on August 30, 2024 and was recorded on September 4, 2024. The prior lender was Blackstone Group which held debt that had…
M&R Hotel Management through the entity Glsc 48 Special, LLC as borrower signed a refi loan with lender Israel Discount Bank through the entity Israel Discount Bank Of New York valued at $38.7 million for the hotel building (H3) at 532-540 West 48th Street in Hell’s Kitchen, Manhattan. The deal closed on August 16, 2024 and was recorded on September 4, 2024. The prior lender…
Congregation Yetev Lev D’Satmar through the entity Congregation Yetev Lev Of 58th Street paid $1.5 million to Paula Leibowitz through the entity 5802 New Utrecht LLC for the two-unit mixed-use building (K4) at 5802 New Utrecht Avenue in Borough Park, Brooklyn. The expected use is ground up development. The congregation also owns the adjacent properties with the address 5804-5806 New Utrecht Avenue. Plans were filed…
Abraham Silberstein through the entity Abe Franklin LLC paid $2 million to Margate Atlantic Properties through the entity Dhm 594 Franklin LLC for the four-unit building (C3) at 594 Franklin Avenue in Crown Heights, Brooklyn. The expected use is cash flowing. The deal closed on August 22, 2024 and was recorded on September 4, 2024. The property has 3,296 square feet of built space and…
