Transfers

Rockrose Development through the entity 27-34 Jackson L.L.C. as borrower signed a new construction loan with lender Wells Fargo valued at $105 million for the development building (V1) at 27-34 Jackson Avenue with an alternate address of 43-14 Queens Street in Long Island City, Queens. On the lot, there is one active new building construction project, 421133623, for a 301-unit, 771,262 square-foot R-2 building. The…

Jac Zadrima’s Genesis Realty Group as buyer signed contracts with seller Laura O’Shea to purchase two residential buildings in the Bronx, 273 East 239th Street in Woodlawn Heights in Woodlawn Heights and 2870 Marion Avenue in Bedford Park in two separate filings. The sale prices were not disclosed. Laura O’Shea bought the two buildings in separate transactions for a total of $12.1 million. In the…

Grocer Desh Deepak Bhardwaj through the entity 113 Liberty Reality LLC paid $10.5 million to Allied Realty & Development through the entity Epsom LLC for the mixed-use building (K2) at 113-18 Liberty Avenue in South Ozone Park, Queens. The expected use is cash flowing. Desh Deepak Bhardwaj is a co-owner of the grocery store Apna Bazar, which is a tenant in the building. The expected…

Metro Loft Management and David Werner Real Estate Investments through the entity 219 Owner LLC paid $60 million through a partner sale to Alexandria Real Estate Equities through the entity Are-Ny Region No. 1, LLC for the former Pfizer office building (O3) at 219 East 42nd Street in Grand Central, Manhattan. The expected use is conversion to a residential apartment building. Alexandria Real Estate Equities…

LeFrak through the entity 417 East Realty Limited Partnership as borrower signed a refi loan with lender Equitable Financial Life Insurance Company valued at $23 million for the 125-unit apartment building (HS) the Sutton Marquis at 417 East 57th Street also known as 410 East 58th Street, in Sutton Place, Manhattan. The deal closed on August 15, 2024 and was recorded on August 23, 2024….

SB Development Group through the entity LIC 40th Avenue Owner LLC as borrower signed a new construction loan with lender iCross Capital through the entity Elite 101 LLC valued at $83 million for the 190-unit project at 29-26 40th Avenue in Long Island City, Queens. On the lot, there is one active new building construction project, Q00682330, for a 190-unit, 129,305-square-foot residential (R-2) building. The…

Related Companies through the entity BTM Development Partners, LLC as borrower signed a refi loan with lender Deutsche Bank, Bank of America, Starwood Mortgage Capital, and Wells Fargo totaling $380 million for eight properties including the parking garage (G9) at 651 River Avenue, the retail building (K6) at 610 Exterior Street and the retail building (K6) at 700 Exterior Street in Concourse, Bronx. The deal…

Bejad Musleh through the entity Prestige BSM Realty LLC paid $5.5 million to Athanasia Lambros through the entity Bilvas Equities LLC for the 12-unit residential walkup building (C7) at 501 West 29th Street in Chelsea, Manhattan, at the corner of 10th Avenue. The expected use is cash flowing. Bejad Musleh operates delis under the name Prestige Marketplace and other names. The deal closed on August…

The Japan-based firm Success Pro Co. paid $15.3 million to the Glick family’s GPG Properties for adjacent residential walkups in Yorkville at 222 and 220 East 85th Street in two transactions. GPG Properties, formerly known as Mautner-Glick Corp., is a major multifamily owner with dozens of buildings and more than 1,000 units, according to a PincusCo analysis of city records. In the first of the…

Central Construction Management through the entity Universal Counterweight Property Group 2 LLC paid $8.5 million to Koenig Iron Works through the entity Vernon Associates LLC for the industrial building (F4) at 37-11 Vernon Boulevard in Long Island City, Queens. The expected use is owner-occupied. The deal closed on August 21, 2024 and was recorded on August 23, 2024. The property has 11,050 square feet of…

Sharon Kahen’s Kahen Properties through the entity Kahen Development Group LLC signed a contract to pay $5 million to the Roman Catholic Church of Saint Paul and Holy Rosary for the church building at 442 East 119th Street and an adjacent building at 444 East 119th Street. The church is not landmarked, according to a review of city records. The purchase and sale agreement, dated…

An affiliate of Florida-based Arc Re filed a $44 million judicial pre-foreclosure related to unsold condominium units at Tessler Development’s 172 Madison Avenue in Midtown South, Manhattan. Case LINK Arc Re filed the complaint yesterday in New York State Supreme Court in Manhattan. The filing comes a little more than two months since Tessler Developments put the units into bankruptcy protection on June 4 to…

VAJA Group through the entity Bathgate Quarry LLC as borrower signed a new construction loan with lender NorthEast Community Bank through the entity Northeast Community Bank valued at $10.8 million for the industrial building (G7) at 2176 Bathgate Avenue in Belmont, Bronx. On the lot, there is one active new building construction project, X00700005, for a 22-unit, 14,991 square-foot R-2 building. The project was submitted…

Jacob Rosenberg through the entity Yc Atlantic 2 LLC as borrower signed a refi loan with lender Citibank through the entity Citi Real Estate Funding Inc. valued at $30 million for two residential elevator properties with 104 residential units including the 41-unit residential elevator building (D7) at 2767 Atlantic Avenue in Cypress Hills, Brooklyn and 63-unit residential elevator building (D7) at 2777 Atlantic Avenue in…

Zhen Mei Chen through the entity 46-18 Vernon Blvd LLC paid $4.5 million to Maria Lombardi through the entity Teria, LLC for the three-unit mixed-use building (K4) at 46-18 Vernon Boulevard in Long Island City, Queens. The expected use is cash flowing. The deal closed on August 20, 2024 and was recorded on August 22, 2024. The property has 4,700 square feet of built space…

Bungalow Projects, led by Travis Feehan and Susi Yu, through the entity NYM 215 Moore, LLC paid $7.8 million to Jennifer Lewin through the entity Standby For Sundown LLC for the industrial building (E9) at 246 Seigel Street in East Williamsburg, Brooklyn. The expected use is ground up development. Bungalow Projects purchased the adjacent vacant parcels on Moore Street and and Seigel Street for $41.5…