Transfers

ABJ Properties through the entity 493 7th LLC paid $3.4 million to Steven Katz and Howard Katz through the entity Gotham NY Development, LLC for the seven-unit residential walkup building (C7) at 493 7th Avenue in South Slope, Brooklyn. The expected use is cash flowing. The deal closed on July 24, 2024 and was recorded on July 29, 2024. The property has 6,040 square feet…

MSA Investments, led by Muhammed Sultan Andha, through the entity 141-143 Sherman Ave LLC paid $5.2 million to Abro Management through the entity 141 Sherman LLC for the retail building (K1) at 141 Sherman Avenue in Inwood, Manhattan. The deal closed on July 2, 2024 and was recorded on July 29, 2024. The property has 10,000 square feet of built space and 33,986 square feet…

Yitzchok Schwartz through the entity 385 Vernon Estates LLC paid $6.2 million to City Urban Realty through the entity 385 Vernon Associates LLC for the 16-unit residential walkup building (C1) at 385 Vernon Avenue in Bedford Stuyvesant, Brooklyn. The expected use is cash flowing. The deal closed on July 17, 2024 and was recorded on July 29, 2024. The property has 14,615 square feet of…

UPDATED 7:10 a.m., August 1, 2024: Chelsfield through the entity 580 Broadway LLC as borrower signed a refi loan with lender Maxim Capital Group through the entity Maxim Credit Group, L.L.C. valued at $50 million for the office building (O6) at 580 Broadway in SoHo, Manhattan. The loan includes a $35.8 million refinance of existing debt, and $14.2 million in renovation construction loan. The deal…

Starwood Capital Group through the entity 241 Norwood, LLC as the former lender acquired the landmarked three-unit building (C0) at 241 West 14th Street in Chelsea, Manhattan through a judicial foreclosure. The former owner was Benjamin Shaoul’s Magnum Real Estate Group. The transfer price was the auction amount of $3 million. This is not an arms length transaction because Starwood was the note holder and…

Namdar Realty Group and Klosed Properties through the entity 2250 Grand Concourse BH LLC acquired the 21-unit residential walkup building (C1) at 2250 Grand Concourse in Fordham Heights, Bronx, through a judicial foreclosure with a credit bid as the former lender. The expected use is cash flowing. The transfer value on Acris was $3.6 million. The deal closed on July 22, 2024 and was recorded…

Ravinder Chopra and Yuvrav Chopra through the entity 102 Greenwich LLC paid $15.2 million to the shuttered Christian college King’s College through the entity 102 Spe, LLC for the dormitory building (H8) at 104 Greenwich Street, also known as 102 Greenwich Street, in the Financial District, Manhattan. The expected use is conversion/addition. The deal closed on July 15, 2024 and was recorded on July 26,…

GMC Parking through the entity 231-243 East 94th Street LLC as borrower signed a refi loan with lender Apple Bank through the entity Apple Bank valued at $12.5 million for two industrial properties including the parking buildings (G1) at 231-239 East 94th Street and 241-243 East 94th Street in Yorkville, Manhattan. The deal closed on July 11, 2024 and was recorded on July 25, 2024….

Triangle Equities through the entity South Conduit Warehouse Owner, LLC as borrower signed a refi loan with lender LoanCore Capital through the entity Loancore Capital Credit REIT LLC valued at $85 million for the property at 130-02 South Conduit Avenue in South Ozone Park, Queens. The financing represents an increase of $25 million through a gap loan over the prior debt of $60 million provided…

Randy Polumbo of Plant Construction through the entity 268 Water Street Realty LLC paid $3.8 million to Francesca Montagna through the entity 48-54 Bogart Street LLC for the likely development site composed of four industrial properties from 48 Bogart Street to 54 Bogart Street in East Williamsburg, Brooklyn. The deal closed on July 17, 2024 and was recorded on July 25, 2024. The four properties…

The entity Reservoir LLC paid $7.9 million to the owners of Beginnings Nursery School through the entity Blue Door Realty LLC for the school building (W9) at 130 East 16th Street in Gramercy, Manhattan. The preschool is located in the building. The deal closed on July 19, 2024 and was recorded on July 25, 2024. The property has 7,030 square feet of built space and…