Jack Elo’s Elo Organization through the entity Eljay Realty, LLC sold the mixed-use building (K4) at 768 Flatbush Avenue in Flatbush, Brooklyn to William Zeng Zhang Shao through the entity 235 BB LLC for $1.5 million. The expected use is cash flowing. The deal closed on November 26, 2024 and was recorded on December 12, 2024. The property has 4,700 square feet of built space…
Roni Abudi through the entity Migdal15 Management 2010 LLC paid $3.8 million to Townhouse Management Company through the entity R & D 448 LLC for the 16-unit residential walkup building (C5) at 448 East 78th Street in Lenox Hill, Manhattan. The expected use is cash flowing. The deal closed on December 4, 2024 and was recorded on December 12, 2024. The property has 8,125 square…
Vanbarton Group through the entity 77 Water LLC paid $95.5 million to William Kaufman Organization and Principal Real Estate Investors through the entity Water Street Leasehold LLC and Water Street Fee LLC for the office building (O4) at 77 Water Street in the Financial District, Manhattan. The expected use is conversion. Bloomberg reported in September 2024 that Vanbarton planned to buy the building and convert…
Bobby Zar’s ZG Capital Partners through the entity 836 Broadway Partners LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $28.9 million for the retail building (O5) at 836 Broadway in Greenwich Village, Manhattan. The deal closed on November 25, 2024 and was recorded on December 11, 2024. The prior lender was Ladder Capital which held debt that had an original…
Bridge Industrial through the entity Bp New York 2, LLC as borrower signed a initial loan with lender PGIM Real Estate through the entity PGIM Real Estate U.S. Debt Fund REIT LLC valued at $44.2 million for the industrial building (E1) at 58-95 Maurice Avenue in Maspeth, Queens. The deal closed on December 6, 2024 and was recorded on December 11, 2024. The property has…
United Investment Portugal through the entity 42nd And 10th Hotel, LLC as borrower signed a refi loan with lender Soros Fund Management through the entity SFMP II GP LLC valued at $130 million for the Yotel hotel condominium unit at 570 10th Avenue in Hell’s Kitchen, Manhattan. The deal closed on November 26, 2024 and was recorded on December 11, 2024. The prior lender was…
Blackstone Group through the entity 8 Spruce (NY) Owner LLC as borrower signed a refi loan with lender NYC Housing Development Corporation valued at $550 million for the 899-unit rental condo at 8 Spruce Street in Financial District, Manhattan. The deal closed on December 6, 2024 and was recorded on December 11, 2024. The prior lender was Series 2014 Bonds which held debt that had…
Vlash Pepa through the entity Vh Property Owner LLC paid $5 million to the Lampeas family for the 16-unit residential elevator building (D1) at 25-82 37th Street in Astoria, Queens. The expected use is cash flowing. The deal closed on November 15, 2024 and was recorded on December 11, 2024. The property has 13,480 square feet of built space according to a PincusCo analysis of…
UPDATED, 1:30 p.m., December 13, 2024: Astral Weeks through the entity AW Tribeca Holding LLC paid $27.4 million to 6R Capital Group through the entity 6r Tribeca Owner 2021 LLC for the 10-unit residential elevator building (D6) at 70 Warren Street in the Tribeca, Manhattan, at the corner of West Broadway. The deal closed on December 5, 2024 and was recorded on December 11, 2024….
Jeff Sutton of Wharton Properties paid SL Green Realty $34 million for a stake of the five-story retail building 690 Madison Avenue, in Lenox Hill, Manhattan. The building at the corner of East 62nd Street is occupied by jeweler Van Cleef & Arpels. This property was transferred from the former owner Ashkenazy Acquisition to SL Green Realty on September 30, 2021 in an entity level…
A partnership of Young Taik Oh, Sam Sun Noh, and Beom Jin Oh through the entity 748 Enterprise LLC paid $4.4 million to Bruce Haley through the entity 748 Ninth Ave., LLC for the 13-unit residential walkup building (C7) at 748 9th Avenue in Hell’s Kitchen, Manhattan. The expected use is cash flowing. The deal closed on November 22, 2024 and was recorded on December…
Movcap through the entity 19-23 St. Marks Place Apartments Owner LLC as borrower signed a acquisition loan with lender Berkadia Commercial Mortgage through the entity 19-23 St. Marks Place Apartments Capital LLC valued at $19.2 million for three properties with 41 residential units including the 30-unit property at 19 St Marks Place in East Village, Manhattan, retail building (K2) at 19 St Marks Place in…
TF Cornerstone through the entity 4610 East Coast LLC as borrower signed a refi loan with lender M&T Bank through the entity M&T Realty Capital Corporation valued at $204.9 million for the 585-unit residential elevator building (D8) at 46-10 Center Boulevard in Long Island City, Queens. The deal closed on November 27, 2024 and was recorded on December 10, 2024. The prior lender was Fannie…
CRE8 Equities through the entity New Way Holdings IV LLC paid $7.3 million to Quinlan Development Group through the entity Qt Soho Realty LLC for the retail condo at 180 Sixth Avenue in SoHo, Manhattan. The expected use is cash flowing. The deal closed on November 8, 2024 and was recorded on December 10, 2024. The property has 14,717 square feet of built space according…
Aleksandr Finkelshteyn through the entity 2160 Broadway LLC paid $8.5 million to Sharon Gustafson through the entity Ashley 2160, LLC for the retail building (K7) at 2160 Broadway in Upper West Side, Manhattan. The expected use is cash flowing. The deal closed on December 9, 2024 and was recorded on December 10, 2024. The property has 8,820 square feet of built space and 13,282 square…
Clairmont Group paid $15.75 million to Trion Real Estate Management for three walkups in Washington Heights, Manhattan, in three separate transaction. In the first, Clairmont Group through the entity Cg West 181st Street LLC paid $10.7 million to Trion Real Estate Management through the entity 554-558 W 181st Street LLC for the 24-unit residential walkup building (C7) at 554 West 181st Street and the 13-unit…
Mann Group through the entity 109 Gold Street Owner LLC paid $15.1 million to Pinnacle Group through the entity Gold 109 LLC for the 33-unit residential elevator building (D9) at 109 Gold Street in Vinegar Hill, Brooklyn. The expected use is cash flowing. The deal closed on November 12, 2024 and was recorded on December 10, 2024. The property has 34,395 square feet of built…
UPDATED, 11 a.m., December 11, 2024: Daniel Wrublin’s Dalan Real Estate purchased 12 loans from Axos Bank secured by 20 properties with 346 apartment units owned by Steven Croman and his Croman Real Estate, one of the city’s largest multifamily owners. Many of his assets are managed by his affiliate Centennial Properties NY. While most of these properties were multifamily, not all were. Three were…
UPDATED, 4 a.m., December 13, 2024: The Zucker Organization through the entity 34th St. South LLC as borrower signed a refi loan with lender John Hancock Life Insurance valued at $55 million for the 195-unit residential elevator building (D6) at 115 East 34th Street in Grand Central, Manhattan. The deal closed on November 26, 2024 and was recorded on December 9, 2024. The prior lender…
SL Green Realty through the entity SLG 100 Park LLC as borrower signed a refi loan with lender Aareal Capital valued at $423 million for the office building (O4) at 100 Park Avenue in Grand Central, Manhattan. This is a $63 million supplemental loan, on top of an existing $360 million refinance obtained in 2021. The deal closed on December 5, 2024 and was recorded…
