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…
Alexander Freedman through the entity 120 Pierrepont LLC paid $3 million through an estate sale to Gloria Rivera through the entity Estate Of Gloria Rivera for the 10-unit residential elevator building (D1) at 120 Pierrepont Street in Brooklyn Heights, Brooklyn. The expected use is cash flowing. The deal closed on July 25, 2024 and was recorded on July 31, 2024. The property has 8,250 square…
Aaron Hakimian through the entity Bay Street BH LLC paid $3.6 million to Gary Angiuli through the entity 340 Bay LLC for the office building (O1) at 340 Bay Street in Tompkinsville, Staten Island. The expected use is cash flowing. The deal closed on June 4, 2024 and was recorded on July 31, 2024. The property has 12,600 square feet of built space and 28,603…
Dixon Advisory and the Brooksville Company through the entity NRL URF LLC sold the three-unit building (C0) at 119 Powers Street in Williamsburg, Brooklyn, to non-investors for $2.4 million. The struggling Australia-based Dixon Advisory amassed a large portfolio of one- and two-family homes in Brooklyn and New Jersey, as well as larger apartment buildings. It is selling the assets, according to company documents, noting that…
Bentley Zhao’s New Empire Corp. through the entity NERE 218 Management LLC as borrower signed a new construction loan with lender Axos Bank valued at $54 million for the 117-unit development project at 24-01 Queens Plaza North in Long Island City, Queens. On these lots, there is one active new building construction project, Q00674762, for a 117-unit, 93,514 square-foot residential (R-2) building. The project was…
Douglaston Development through the entity DD West 29th LLC as borrower signed a refi loan with lender Goldman Sachs and Wells Fargo valued at $500 million for the 937-unit residential elevator building (D7) at 613 West 29th Street in Chelsea, Manhattan. The deal closed on July 26, 2024 and was recorded on July 30, 2024. The prior lender was HSBC Bank which held debt that…
Lori Eng through the entity Weiyan 88 LLC paid $4 million to HCRE Hung & Chong Real Estate through the entity East Soho Corp. for the eight-unit residential walkup building (C7) at 19 Pell Street in Chinatown, Manhattan. The expected use is cash flowing. The deal closed on July 16, 2024 and was recorded on July 30, 2024. The property has 5,860 square feet of…
Cape Advisors through the entity Astoria West JV LLC acquired an interest from its partner at the development, Cottonwood Communities, through the entity Cottonwood Residential O.P. valued at $51.9 million for three rental buildings in Astoria, the 266-unit residential elevator building (D1) at 11-12 30th Drive, the 151-unit residential elevator building (D1) at 11-28 30th Drive, and the 140-unit residential elevator building (D1) at 11-37…
First Bank through the entity BC1, LLC acquired two retail condos at 505 West 19th Street in Chelsea, Manhattan through a foreclosure auction. The sale was the result of a $16.7 million foreclosure case, 850119/2022, in which the lender took back the property from the former owner, Ziel Feldman’s HFZ Capital Group, with a credit bid of $2.7 million. This is not an arms length…
The referee in a $42.7 million foreclosure case set the auction for the 55-unit building developed by Eli Karp’s Hello Living at 271 Lenox Road in East Flatbush, Brooklyn, for September 19, 2024, at the Kings Country Supreme Court building. The total judgment as of March 2024 was calculated to be $42.75 million. The referee is attorney Michael Benjamin, and the auction date was disclosed…
David Werner Real Estate Investments and BLDG Management through the entity 100 Wall Realty LLC as borrower signed an acquisition loan with lender Northwind Group through the entity NW 100 Wall Lender LLC valued at $95 million for the office building (O4) at 100 Wall Street in the Financial District, Manhattan. The deal closed on July 24, 2024 and was recorded on July 29, 2024….
Better Haven Foundation through the entity 720 E 216 LL as borrower signed a acquisition loan with lender M&T Bank valued at $30.4 million for the 66-unit residential elevator building (D1) at 720 East 216th Street in Williamsbridge, Bronx. The deal closed on July 3, 2024 and was recorded on July 29, 2024. The property has 44,620 square feet of built space and 111 square…
