Shulsky Properties through the entity Shulfam LLC paid $12 million to ASB Capital Management through the entity Broadway Investors, LLC for the mixed-use building (S9) at 862 Broadway in Flatiron District, Manhattan. The expected use is cash flowing. ASB bought the property on June 21, 2016, for $24.97 million. The deal closed on August 13, 2024 and was recorded on August 15, 2024. The property…
UPDATED 6:30 a.m., August 19, 2024: Thor Equities through the entity Thor Chocolate Factory LLC paid $58.5 million to Fairstead through the entity 275 Park Owner LLC for the 75-unit residential elevator building (D6) at 275 Park Avenue in Clinton Hill, Brooklyn. The expected use is cash flowing. To finance the purchase, Prime Finance provided a $43 million loan. Thor Equities did not immediately respond…
Elvis Dushi submitted a new building construction project for a 35-unit, 23,620 square-foot residential (R-2) building at 4563 Furman Avenue in Wakefield, Bronx. The plan was filed with the New York City Department of Buildings on August 14, 2024 under job number X01094721. It calls for the construction of a seven-story building. The project is described in the filing as: new seven-story building with 35…
CAVU Property Group through the entity 1296-1298 Nya LLC as borrower signed a refi loan with lender Webster Bank valued at $18 million for six properties with nine residential units at 1597 New York Avenue, nine-unit residential walkup building (C1) at 1296 New York Avenue, and the nine-unit 3410 Farragut Road in East Flatbush, Brooklyn. The deal closed on August 6, 2024 and was recorded…
Dennis & Co. Auto Group through the entity Dco Qozb 38-15 Qb, LLC as borrower signed a new construction loan with lender BMW Financial Services valued at $53.5 million for two industrial properties including the industrial building (G1) at 38-08 43rd Avenue in Sunnyside, Queens and industrial building (G1) at 38-15 Queens Boulevard in Sunnyside, Queens. There is a new building project, Q00872004, for a…
Slate Property Group through the entity 161 Lexington Ave Propco LLC (and others) as borrower signed a refi loan with lender JPMorgan Chase valued at $209.8 million for 17 properties including homeless shelters. The properties include the specialty building (I1) at 427 West 52nd Street in Hell’s Kitchen, Manhattan, specialty building (N2) at 141 West 144th Street in Harlem, Manhattan, and hotel building (H3) at…
Bridge Asset Management paid $3.34 million for two adjacent development parcels at 1103 and 1109 Washington Avenue in Morrisania in two transactions. In the first, Bridge Asset Management through the entity 1103 & 1109 Washington Ave LLC paid $3 million to Shadan Harooni through the entity 1109 Washington Avenue Realty LLC for the industrial building (G2) at 1109 Washington Avenue in Morrisania, Bronx. The expected…
Joel Brach paid $9.5 million in four transactions to several owners for five adjacent vacant lots, 1091 Washington Avenue, 1097 Washington Avenue, and 447-451 East 166th Street, making a corner at Washington Avenue and East 166th Street in Morrisania, the Bronx. The entire parcel is about 112 feet by 96 feet. In September 2021, a new building construction project was filed for a 25-unit, 25,480…
Namdar Realty Group and Klosed Properties through the entity 176 Rivington Bh LLC paid $5.2 million to Paul Chen and Janney Chen through the entity PJJC Realty LLC for the 22-unit residential walkup building (C7) at 176 Rivington Street in Lower East Side, Manhattan. The expected use is cash flowing. The deal closed on August 6, 2024 and was recorded on August 14, 2024. The…
Rabsky Group through the entity 945 Bergen DH LLC paid $18.8 million through a bankruptcy to creditors including Churchill Real Estate Holdings through the entity Nassau Brewing Company Landlord LLC for the 38-unit residential elevator building (D7) at 945 Bergen Street in Crown Heights, Brooklyn. The expected use is cash flowing. The deal closed on August 2, 2024 and was recorded on August 14, 2024….
Developer Robert Lumaj through the entity 2111 White Plains LLC, paid $7.9 million to the Sopher Group for a development site with neighboring air rights totaling 80,000 buildable square feet at 211 White Plains Road at the corner of Maran Place, in Pelham Parkway, the Bronx. The sale closed on August 13, 2024, after going into contract on May 30, 2024. The transaction has not…
UPDATED, 7:30 a.m., September 24, 2024: Developer Palwinder Singh and Aditya Shah paid $3.4 million for a development site at 36-31 31st Street in Astoria, Queens, that has approved plans for a 21-unit development project. The property was the subject of a pre-foreclosure action Prime Capital Funding brought in March 2024 (705167/2024), alleging a 2020 construction loan with an outstanding principal of $917,108 was in…
A group of investors including mortgage broker Robert Horowitz through the company Third Avenue Design Capital LLC bought a note with an original principal of $121 million from Flagstar Bank, secured by Cohen Brothers Realty’s leasehold on the office building (O4) at 475 Park Avenue South in Midtown South, Manhattan. The deal closed on July 31, 2024 and was recorded on August 13, 2024. The…
Aaron Maleh of VM Equities through the entity 215 St Anns Ave LLC paid $1.2 million to Christopher Ryan through the entity 215 St. Ann’s Realty Partners Group LLC for the 10-unit residential walkup building (C7) at 215 St Anns Avenue in Mott Haven, Bronx. The expected use is cash flowing. The deal closed on August 1, 2024 and was recorded on August 13, 2024….
Italian eyeglasses distributor Aerial Vision International through the entity N7th St Retail LLC paid $5.4 million to L3 Capital through the entity L3 104-106 N 7 LLC for the two-story office building (O2) at 104 North 7th Street and the adjacent vacant lot at 106 North 7th Street in Williamsburg, Brooklyn. The expected use is owner-occupied. The deal closed on July 29, 2024 and was…
Edmond M. Safra’s EMS Capital through the entity EMS 38 E 61 LLC paid $9.1 million to Mosbacher Properties Group through the entity 38 East 61st Street LLC for the retail condo at 40 East 61st Street in Lenox Hill, Manhattan. The expected use is cash flowing. The deal closed on August 9, 2024 and was recorded on August 13, 2024. The property has 19,897…
The homeless services nonprofit Better Haven Foundation in partnership with Vocational Instruction Project Community Services through the entity 4427 Wpr Housing Development Fund Corporation paid $23.6 million to the entity 4421 Wpr Development LLC for the 58-unit residential elevator building (D7) at 4427 White Plains Road in Wakefield, Bronx. The expected use is cash flowing. The deal closed on July 26, 2024 and was recorded…
Elias Bochner through the entity 177 West 26 Realty, LLC as borrower signed a refi loan with lender Lument through the entity Lument Real Estate Capital, LLC valued at $8.4 million for the 15-unit residential elevator building (D5) at 177 West 26th Street in Chelsea, Manhattan. The deal closed on August 6, 2024 and was recorded on August 12, 2024. The prior lender was Santander…
Joginder Sharma through the entity 767 8th Avenue LLC as borrower signed a refi loan with lender State Bank of Texas through the entity State Bank Of Texas valued at $12 million for three properties including the hotel building (H4) at 154-10 South Conduit Avenue in Brookville, Queens, hotel building (H3) at 767 8th Avenue in Hell’s Kitchen, Manhattan, and development building (V1) at N/A…
Son Dinh Tran through the entity 151-165 Burnside Ave Owner LLC as borrower signed a refi loan with lender Citibank through the entity Citi Real Estate Funding Inc. valued at $30 million for eight properties with 56 residential units including the retail building (K1) at 151-165 East Burnside Avenue in Fordham Heights, Bronx, 18-unit residential walkup building (C1) at 425 East 6th Street in East…
