The entity Yellowhook Realty LLC paid $11 million through an estate sale to the estate of Dimitrios Kaloidis for the retail building (K5) at 9011 3rd Avenue in Bay Ridge, Brooklyn. The property is occupied by the Bridgeview Diner. The deal closed on July 29, 2022 and was recorded on August 5, 2024. The property has 6,600 square feet of built space and 33,045 square…
Developer Sterling Town Equities through the entity Underhill Heights LLC paid $11.7 million to Parkland Group through the entity 105 Underhill Avenue, LLC for adjacent parking structures at 105 Underhill Avenue and 326 St Marks Avenue in Prospect Heights, Brooklyn. The expected use is ground up development. The deal closed on August 2, 2024 and was recorded on August 5, 2024. The two properties have…
The entity Series 2018-Cor3 in care of special servicer Midland Loan Services through the entity Comm 2018-Cor3 1630 East 15th St LLC acquired through a judicial foreclosure auction the Kingswood Center office and retail building (O5) at 1630 East 15th Street in Sheepshead Bay, Brooklyn. The highest auction bid was $34 million. The former owner was Urban Edge Properties through the entity UE Kingswood One…
John Catsimatidis’s Red Apple Group through the entity Ra 280 Development, LLC as borrower signed a new construction loan with lender JPMorgan Chase valued at $57 million for the retail building (K1) at 280 8th Avenue in Chelsea, Manhattan. On the lot, there is one active new building construction project, M00696323, for a 104-unit, 88,548-square-foot residential (R-2) building. The project was submitted by Red Apple…
Harbor Group International through the entity 55 Broadway Associates, LLC as borrower signed a refi loan with lender AIG through the entity American General Life Insurance Company valued at $71.6 million for the office building (O4) at 55 Broadway in Financial District, Manhattan. The deal closed on July 29, 2024 and was recorded on August 2, 2024. The prior lender was AIG which held debt…
Atlas Capital Group, Baupost Group, Zeckendorf Development through the entity Aci Vi Clarkson LLC as borrower signed a new construction loan with lender Cale Street Partners and Farallon Capital Management through the entity Csi Greenway 3.1 L.P. valued at $649 million for the property at 80 Clarkson Street in West Village, Manhattan. The entire loan was $985 million according to the New York Post which…
Greenbrook Partners and Carlyle Group through the entity Townhouse Rental II, L.L.C. paid $4.6 million to SilverRock Development through the entity 157 Stuyvesant Realty LLC for the eight-unit residential walkup building (C1) at 157 Stuyvesant Avenue in Bedford Stuyvesant, Brooklyn. The expected use is cash flowing. The deal closed on July 25, 2024 and was recorded on August 2, 2024. The property has 5,280 square…
Chun Y. Lee through the entity AAJ Ave A LLC paid $4.8 million to Kit Lam through the entity Lamng Corp for the mixed-use building (K4) at 34 Avenue A in Alphabet City, Manhattan. The expected use is cash flowing. The deal closed on July 31, 2024 and was recorded on August 2, 2024. The property has 6,248 square feet of built space and 434…
Bell Realty through the entity 32-85 Astoria LLC paid $8 million to Robert Miller through the entity 32-85 Realty Co., LLC for the 48-unit residential elevator building (D1) at 32-85 33rd Street in Astoria, Queens. The expected use is cash flowing. The deal closed on July 31, 2024 and was recorded on August 2, 2024. The property has 36,349 square feet of built space according…
Wavecrest Management acquired from Monadnock Development control of the 59-unit residential walkup building (C1) at 111-115 West 141st Street and the 29-unit residential walkup building (C5) at 148 West 141st Street, both in Harlem, Manhattan at a valuation of $26.3 million. The deal closed on July 19, 2024 and was recorded on August 2, 2024. The two properties have 36,935 square feet of built space…
The co-owners of a 39-unit rent regulated building at 1071 Cypress Avenue in Ridgewood, Queens, entities owned by Shorenstein Properties affiliates, filed to place the building under chapter 11 bankruptcy protection to halt a $9.1 million foreclosure auction scheduled for August 2, 2024. The owners filed the bankruptcy on August 1, 2024 in the Eastern District of the U.S. Bankruptcy Court through the entities Silvershore…
Moses Wertheimer through the entity The W Group Of Brooklyn LLC as borrower signed a initial loan with lender Levon Capital through the entity Levon Ny Xxiv LLC valued at $10 million for the development building (V1) at 11 Spencer Street in Bedford Stuyvesant, Brooklyn. The deal closed on July 5, 2024 and was recorded on August 1, 2024. The property has zero square feet…
Timber Equities through the entity 5055 Broadway L.P. as borrower signed a new construction loan with lender Bank Hapoalim valued at $21 million for the 60-unit project at 5055 Broadway in Inwood, Manhattan. On the lot, there is one active new building construction project, M00578593, for a 60-unit, 43,203 square-foot residential (R-2) building. The project was submitted by Timber Equities and filed by Michel Perle…
Bruchy Lefkowitz through the entity Vanderbilt Neighborhood Realty LLC as borrower signed a refi loan with lender Greystone & Co. through the entity Greystone Select Company II LLC valued at $32 million for the newly built 90-unit building at 58 Vanderbilt Avenue in Fort Greene, Brooklyn. The deal closed on June 25, 2024 and was recorded on August 1, 2024. The prior lender was Popular…
PH Realty Capital, Rockledge, and Alma Realty through the entity 1115 Union Street Owner LLC as borrower signed a acquisition loan with lender Prime Finance through the entity Prime Finance Short Duration Holding valued at $54 million for 10 properties with 595 residential units including the 112-unit residential elevator building (D1) at 125 Brighton 11th Street in Brighton Beach, Brooklyn, 104-unit residential elevator building (D1)…
Argentic Investment Management through the entity Msc 2019-H7 Greenwood Heights LLC acquired the industrial building (F5) at 413 20th Street in Greenwood Heights, Brooklyn, through a deed-in-lieu of foreclosure. The transaction value was $7.7 million, which may represent the value of defaulted loan and not necessarily the value of the asset. The seller was Thomas McCloskey through the entity 413-421 20th Street LLC. The deal…
UPDATED 12:05 p.m., August 2, 2024: The Bridge and Radson Development through the entity 3816 Ninth Avenue Housing Development Fund Co Inc paid $15.8 million to Manhattan Bible Church for the development site at 3816 9th Avenue in Inwood, Manhattan. The expected use is ground up development. The deal closed on July 30, 2024 and was recorded on August 1, 2024. The property has 19,983…
The entity 17 John Property Owner LLC in care of the Brooklyn law firm Breuer Herskowitz in partnership with Midtown-based management firm Housing Solutions paid $64.5 million to Vanbarton Group through the entity 17 John Street Property Owner LLC for the hotel building (HS) at 17 John Street in Financial District, Manhattan. The expected use is cash flowing. The buyer obtained a $62 million acquisition…
Raizada Vaid and Jacob Aini through the entity Raizada RH LLC (and others) as borrower signed a refi loan with lender Morgan Stanley through the entity Morgan Stanley Private Bank valued at $88.8 million for the Refinery Hotel building (HB) at 63 West 38th Street in Garment District, Manhattan. The deal closed on July 5, 2024 and was recorded on July 31, 2024. The prior…
Joyland Group and Loketch Group through the entity 555 Broadway LLC as borrower signed a refi loan with lender TPG Real Estate Partners through the entity Treco Loan Origination Spv 31, LLC valued at $150 million for the newly built 270-unit building at 28 Boerum Street in Williamsburg, Brooklyn. The deal closed on July 26, 2024 and was recorded on July 31, 2024. The prior…
