Transfers

A lender group composed of Community Preservation Corporation, Neighborhood Restore HDFC and Related Fund Management, which bought a package of former Signature Bank loans with significant numbers of rent-regulated units, filed six separate pre-foreclosure actions on Friday alleging the borrower Madison Realty Capital was in default on the debt secured by eight buildings. The buildings, including the links to the court cases, are: 361 East…

Elie Fouerti through the entity 2971 Shell Road Qoz LLC as borrower signed a refi loan with lender Goldman Sachs through the entity Goldman Sachs Bank Usa valued at $74.8 million for the 189-unit residential elevator building (D1) at 2971 Shell Road in Coney Island, Brooklyn. On the lot, there was a new building construction project, B00646589, for a 189-unit R-2 building. The project was…

Investmates through the entity Williamsburg On 5th LLC as borrower signed a new construction loan with lender S3 Capital through the entity S3 Sb Real Estate Credit Ii Trust valued at $10 million for the specialty building (M1) at 199 North 5th Street in Williamsburg, Brooklyn. On the lot, there are two active new building construction projects and major alteration projects with initial costs more…

Sky Management through the entity Robrose Place, L.L.C. as borrower signed a refi loan with lender M&T Bank through the entity Manufacturers And Traders Trust Company valued at $22.5 million for two properties with 124 residential units including the 88-unit residential walkup building (C5) at 224 Sullivan Street and the 36-unit residential elevator building (D1) at 220 Sullivan Street in Greenwich Village, Manhattan. The deal…

Robert Lumaj through the entity 3273 3rd LLC as borrower signed a new construction loan with lender NorthEast Community Bank through the entity Northeast Community Bank valued at $32.5 million for the two-unit development building (V1) at 3267 3rd Avenue in Morrisania, Bronx. On the lot, there is one active new building construction project, X00718663, for a 73-unit, 52,842 square-foot residential (R-2) building. The project…

Rabia Yaghoubzadeh through the entity 37 Bolt Equities LLC paid $1.7 million to Mark Barbour through the entity Byoung Management, LLC for the six-unit residential walkup building (C2) at 37 Decatur Street in Bedford Stuyvesant, Brooklyn. The expected use is cash flowing. The deal closed on February 19, 2025 and was recorded on February 27, 2025. The property has 3,375 square feet of built space…

Nagmoddin Zaid through the entity 188 Audubon Ave Realty LLC paid $2 million through an estate sale to Carmen H. Grange through the entity 188 Audubon Realty LLC for the 12-unit residential walkup building (C7) at 188 Audubon Avenue in Washington Heights, Manhattan. The expected use is cash flowing. The deal closed on February 12, 2025 and was recorded on February 27, 2025. The property…

Marvin Ramnath through the entity 523 Liberty Avenue LLC paid $3.2 million to Lucia Portillo for the industrial building at 523 Liberty Avenue in East New York, Brooklyn. The deal closed on February 21, 2025 and was recorded on February 27, 2025. The property has 6,378 square feet of built space and 23,600 square feet of additional air rights for a total buildable of 30,000…

Vasilios Georgopoulos through the entity 435 Graham LLC paid $4.5 million to the family of Salvatore Mendolia and Joseph Corsini through the entity Original Me-Co Enterprises, Ltd. for the five-unit mixed-use building (S9) at 435 Graham Avenue in Williamsburg, Brooklyn. The expected use is cash flowing. The deal closed on February 14, 2025 and was recorded on February 27, 2025. The property has 6,970 square…

Penn South Capital through the entity Java By Grogu LLC paid $2.8 million through an estate sale to Frances Slawski through the entity Estate Of Frances Slawski for the three-unit building (C0) at 133 Java Street in Greenpoint, Brooklyn. The expected use is cash flowing. The deal closed on February 4, 2025 and was recorded on February 25, 2025. The property has 3,048 square feet…

RFR Holding through the entity 375 Park Fee LLC as borrower signed a senior loan with lenders JPMorgan Chase and Citibank valued at $1.2 billion for the office building (O4) at 375 Park Avenue in Midtown East, Manhattan. The deal closed on February 20, 2025 and was recorded on February 26, 2025. The prior lender was a securitized trust, Series 2013-375P, which held debt that…

EMP Capital Group through the entity 1001 Pacific Street LLC paid $3.6 million to Iqbal Hussain through the entity Progeny Properties LLC for the industrial building (G1) at 1001 Pacific Street in Crown Heights, Brooklyn. The property is in the scope of the Atlantic Avenue Mixed-Use Plan, which would increase the buildable from the current zoning. On the city’s plan, this site is described as…

Developer Franco Sukaj and Nush Sukaj through the entity 2748 Jerome LLC paid $4.5 million to the family of grocer Morton Williams through the entity Morton & William Realty, LLC for a stake in the retail building (K1) at 2748 Jerome Avenue in Fordham Manor, Bronx. In October 2024, Franco Sukaj paid Rodolfo Fuertes $2.5 million for a 50 percent interest in the property. So…

Lloyd Properties, Kadima Properties and Shelter Investment Group through the entity 177 Concord LLC paid $14 million to Thomas Liebermann through the entity Duffield View LLC for the 23-unit residential walkup building (C1) at 177 Concord Street in Downtown Brooklyn, Brooklyn. The expected use is cash flowing. The deal closed on February 21, 2025 and was recorded on February 26, 2025. The property has 22,000…

Naftali Group through the entity 201 East 23rd Street Tenant LLC as ground lease tenant and as borrower signed a construction loan with lender First Citizens Bank through the entity First Citizens Bank & Trust Company valued at $67.5 million for the 69-unit development project at 307 Third Avenue in Kips Bay, Manhattan. On the lot, there is one active new building construction project, M00992159,…

Kushner Companies through the entity Sixty One Associates, L.L.C. acquired an interest from Walter & Samuels through the entity 2012 Dib Family Trust valued at $6 million in a school building (W1) leased to the City of New York at 227 West 61st Street in Lincoln Square, Manhattan. This is the purchase of a 17.85 percent stake. The deal closed on February 21, 2025 and…