Shloime Goldstein through the entity 979 Ogden LLC as borrower signed a construction loan with lender NorthEast Community Bank through the entity Northeast Community Bank valued at $23.5 million for the development building (V1) at 978 Summit Avenue in Highbridge, Bronx. On the lot, there is one active new building construction project for a 72-unit, 56,397 square-foot R-2 building. The project was submitted by VAJA…
Ashkenazy Acquisition through the entity Queens Flagship LLC as borrower signed a refi loan with lender Bank Hapoalim valued at $57 million for the Queens Center Mall retail building (K3) at 92-59 59th Avenue in Elmhurst, Queens. The building is occupied by JCPenny. The deal closed on July 9, 2024 and was recorded on July 12, 2024. The prior lender was Benefit Street Partners which…
Hui Mei Lin through the entity L & M 88 Realty LLC paid $4.3 million to Peter N. Katz of K9 Pet Caterers through the entity K-9 II Real Estate LLC for the retail building (K1) at 88-81 76th Avenue in Glendale, Queens. The deal closed on June 21, 2024 and was recorded on July 12, 2024. The property has 8,614 square feet of built…
Dimitry Goncharov through the entity 12 East 53 Realty LLC paid $11 million to Laboratory Institure of Merchandising through the entity The Laboratory Institute Of Merchandising, Inc. for the office building (O5) at 12 East 53rd Street in Midtown East, Manhattan. The deal closed on June 28, 2024 and was recorded on July 12, 2024. The property has 18,934 square feet of built space according…
GD Capital through the entity Villa 84 LLC paid $11.2 million to Alan Wachman and Stephen Wachman for the mixed-use building (K4) at 84 University Place in Greenwich Village, Manhattan. The deal closed on July 9, 2024 and was recorded on July 12, 2024. The property has 14,897 square feet of built space according to a PincusCo analysis of city data. The sale price per…
A stakeholder in a Chelsea development site recently reacquired by the late real estate investor Brandon Miller of Real Estate Equities Corp., signed a petition to place the property at 118 10th Avenue into chapter 11 bankruptcy protection last week, just over a week after Miller died. The stakeholder, Douglas Teitelbaum as manager of an entity called DIA Family Holdings LLC, claims that entity is…
Benchmark Real Estate Group through the entity 45 White Lp as borrower signed a refi loan with lender Starwood Property Trust through the entity Scredit Real Estate Capital, LLC valued at $20 million for the 17-unit residential elevator building (D5) at 43 White Street in Tribeca, Manhattan. The deal closed on June 27, 2024 and was recorded on July 11, 2024. The prior lender was…
Joginder Sharma through the entity Eros Management & Realty, LLC as borrower signed a refi loan with lender Allegiant Real Estate Capital through the entity Allegiant Capital Funding, LLC valued at $42.7 million for the hotel building (H2) at 345 West 35th Street in Garment District, Manhattan. The property was involved in one lawsuit over the past two years. The suit was a $41.4 million…
Lam Group and Exact Capital Group through the entity 233 West 125th Street Danforth, LLC as borrower signed a refi loan with lender Aareal Capital valued at $148 million for five commercial condominium units that comprise the mixed-use property Victoria Tower at 233 West 125th Street in Harlem, Manhattan. The deal closed on July 5, 2024 and was recorded on July 11, 2024. The prior…
Extell Development through the entity 46/47 Owner LLC as borrower signed a refi loan with lender IGIS Asset Management through the entity IGIS USA LLP valued at $340 million for 13 development parcels including the development building (V1) at 2 West 47th Street in Midtown West, Manhattan, development building (V1) at 10 West 47th Street in Midtown West, Manhattan, and development building (V1) at 562…
Takenaka Corporation through the entity Amtad LLC paid $8 million to Nippon Club through the entity The Nippon Club, Inc. for the commercial condominium unit at 145 West 57th Street in Midtown West, Manhattan. The building is divided into 18 commercial condo unit, with this unit being the largest with 17,106 square feet, mostly on floors two through seven of the 21-story building. The deal…
Hallen Construction Company paid $31.9 million to OHLA USA through the entity Judlau Contracting, Inc. for the office building (E1) at 26-15 Ulmer Street in College Point, Queens. The deal closed on July 1, 2024 and was recorded on July 11, 2024. The property has 28,705 square feet of built space and 214,030 square feet of additional air rights for a total buildable of 243,216…
UPDATED 9:35 a.m., July 12, 2024: Fetner Properties and Stockbridge Capital Group through the entity 501 East 74th Street Owner, LLC paid $62.6 million to Sky Management through the entity Four Mon LLC for the 82-unit residential elevator building (D3) at 1394 York Avenue at the corner of East 74th Street, in Lenox Hill, Manhattan. To finance the purchase, the buyers obtained a $36 million…
99c LLC, led by Canadian investor Carlo Bellini, through the entity Maiden Glass LLC paid $297 million to Banyan Street Capital through the entity Downtown NYC Owner, LLC for the office building (O4) at 180 Maiden Lane in Financial District, Manhattan. The Commercial Observer reported the buyer was Carlo Bellini of 99c. In a short sale, the lender agrees to sell the property for an…
Benjamin Landa and Leopold Friedman through the entity 3400 Cannon Place LLC as borrower signed a refi loan with lender Metropolitan Commercial Bank valued at $59.6 million for the specialty building (I6) at 3400 Cannon Place in Kingsbridge Heights, Bronx. The deal closed on June 28, 2024 and was recorded on July 10, 2024. The prior lender was KeyBank which held debt that had an…
Izaki Group Investments through the entity 525 6th Ave LLC as borrower signed a new construction loan with lender Valley National Bank valued at $73 million for the three-unit development building at 525 Sixth Avenue in Greenwich Village, Manhattan. On the lot, there is one active new building construction project for a 68-unit, 96,905 square-foot residential (R-2) building. The project was submitted by Izaki Group…
Hakimian Organization through the entity Qb Properties LLC as borrower signed a refi loan with lender Apollo Global Management through the entity Athene Annuity And Life Company valued at $150 million for two properties with 371 residential units including the 371-unit residential elevator building (D6) at 72-01 Queens Boulevard in Woodside, Queens. The deal closed on June 27, 2024 and was recorded on July 10,…
KP Developers through the entity Bushwick Group 26 LLC paid $2.9 million to Henry Grunbaum through the entity Bushwick BH LLC for the industrial building (G3) at 1508 Bushwick Avenue in Bushwick, Brooklyn. The deal closed on June 6, 2024 and was recorded on July 10, 2024. The property has 340 square feet of built space and 9,699 square feet of additional air rights for…
5 Boro Real Estate Partners through the entity 78 Jackson St Group LLC paid $3 million to Michael Israel through the entity 78 Realty Holdings LLC for the eight-unit residential walkup building (C1) at 78 Jackson Street in Williamsburg, Brooklyn. The deal closed on June 14, 2024 and was recorded on July 10, 2024. The property has 5,848 square feet of built space according to…
The Setton family through the entity 164 East 61st LLC paid $5 million to Alyssa Wilk through the entity Oakwood Equities LLC for the six-unit mixed-use building (S5) at 164 East 61st Street in Lenox Hill, Manhattan. The deal closed on July 2, 2024 and was recorded on July 10, 2024. The property has 5,800 square feet of built space and 2,227 square feet of…
