Naftali Hager, Carl Caller, and Jacob Hager through the entity 213 Union Realty, LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $5.2 million for the 34-unit residential walkup building (C7) at 213 Union Avenue in Williamsburg, Brooklyn. The deal closed on November 26, 2024 and was recorded on December 4, 2024. The prior lender was Flagstar Bank which held debt…
Hudson Companies and BedRock Real Estate Partners through the entity 22 Caton Property Owner LLC as borrower signed a refi loan with lender Cathay Bank valued at $21 million for the 73-unit residential elevator building (D1) at 22 Caton Place in Windsor Terrace, Brooklyn. The deal closed on November 25, 2024 and was recorded on December 4, 2024. The prior lender was Investors Bank which…
Bok Gil Choi through the entity 4407 Sunny LLC paid $4.8 million to Victor Gallego through the entity Capira Realty LLC for the retail building (K1) at 44-07 43rd Avenue in Sunnyside, Queens. The deal closed on November 26, 2024 and was recorded on December 4, 2024. The property has 8,000 square feet of built space and 24,000 square feet of additional air rights for…
Vinod Chadha through the entity Park Hotelz LLC paid $5.4 million to Yura Matat through the entity 425 E179 Street LLC for the hotel building (H3) at 4325 Park Avenue in Tremont, Bronx. The expected use is cash flowing. The deal closed on November 26, 2024 and was recorded on December 4, 2024. The property has 11,408 square feet of built space according to a…
Owemanco Mortgage Holding Corporation through the entity Owemanco’S Broadway Run LP acquired the mixed-use retail building (K4) at 42 East Broadway in Chinatown, Manhattan through a $10.2 million bankruptcy from the former owner, Chen Lieh Tang through the entity Q.Y. Tangs Hwa Yuan Inc. The expected use is cash flowing. The deal closed on November 15, 2024 and was recorded on December 4, 2024. The…
Joyland Group through the entity Kesef Tziri LLC paid $45.3 million to L3 Capital through the entity L3 Kent Assemblage LLC for the development site (V1) at 133 Kent Avenue in Williamsburg, Brooklyn. The deal closed on November 27, 2024 and was recorded on December 4, 2024. The contract date was February 6, 2024. The property has 5,000 square feet of built space and 55,000…
The EB-5 investment company U.S. Immigration Fund through the entity BPL Funding 100 LLC, alleges a $110 million mezzanine loan given to the developers of the project known as One Clinton Street, in Brooklyn Heights, is in a maturity default. According to the complaint, the loan was given in 2017 and had a final maturity date of June 15, 2024, and has not been repaid….
For the sixth time this year, Aby Rosen and Michael Fuchs’s RFR Holding has been hit with a pre-foreclosure action against one of its buildings. The total original debt for the six actions is $450 million. The most recent case was filed yesterday in New York State Supreme Court in Manhattan, with special servicer Rialto Capital Advisors for the securitized trust, known as Series 2014-C23,…
Green Loan Services, the special servicer for the securitized trust known as Morgan Stanley Capital I Trust 2021-230P, Commercial Mortgage Pass-Through Certificates, Series 2021-230P, filed a pre-foreclosure action yesterday alleging the $670 million loan secured by RXR Realty’s 230 Park Avenue in the Grand Central neighborhood of Manhattan was in a maturity default. The case was filed in New York State Supreme Court in Manhattan….
Orin Portnoy paid $2.6 million for two adjacent commercial properties, 18 Grattan Street and 20 Grattan Street, in East Williamsburg, Brooklyn, in two transactions. One of the properties, 18 Grattan Street, is home to Sey Coffee, which Food & Wine dubbed the best coffee shop in the United States in 2019. In the first, Orin Portnoy through the entity Grattan Bogart 18 LLC paid $1.3…
Minerva Development through the entity 524 Ps LLC paid $2.4 million to the estate of Marion Dolores Smith for the two-unit building (B9) at 524 11th Street in South Slope, Brooklyn. The expected use is cash flowing. The deal closed on October 28, 2024 and was recorded on December 3, 2024. The property has 2,322 square feet of built space and 1,585 square feet of…
Green Street Group through the entity 536 Metro Spe LLC paid $3.5 million to the entity Arf Metro, LLC (and others) for the four-unit mixed-use building (S4) at 536 Metropolitan Avenue in Williamsburg, Brooklyn. The deal closed on November 20, 2024 and was recorded on December 3, 2024. The property has 3,750 square feet of built space and 18,608 square feet of additional air rights…
Builders Group USA through the entity 544 East 171 Street LLC paid $4.2 million to the Pogostin family through the entity Crotona Realty Corp for the industrial building (F1) at 544 East 171st Street in Morrisania, Bronx. The expected use is ground up development. On the lot, there is one active major alteration construction project, X01048391, for a 44-unit, 13,762 square-foot building. The project was…
Ben-Josef Group Holdings through the entity 856 Hancock Street Development LLC paid $4.2 million to Aron Herczl through the entity Ah Clinton Realty LLC for the eight-unit residential walkup building (C1) at 856 Hancock Street in Bedford Stuyvesant, Brooklyn. The expected use is cash flowing. The deal closed on November 19, 2024 and was recorded on December 3, 2024. The property has 5,740 square feet…
The entity 200 W 96 LLC registered with the law firm Breuer Herskowitz paid $6.2 million to Bruce Haley through the entity 200 West 96th St., LLC for the eight-unit residential walkup building (C7) at 734 Amsterdam Avenue, also known as 200 West 96th Street in the Upper West Side, Manhattan. The expected use is cash flowing. The deal closed on November 22, 2024 and…
Blake Partners paid $48.1 million for a retail condominium unit and an office condominium unit that together make up space in two buildings in Hell’s Kitchen owned by the late Richard Basciano, at 300 West 43rd Street and 303 West 42nd Street. The purchase was carried out in two transactions. In the first, Blake Partners through the entity Tsw18 Associates LLC paid $30.3 million to…
Bushburg Properties through the entity Empire State Dairy LLC as borrower signed a refi loan with lender MF1 Capital valued at $130 million for the 640-unit complex with addresses including 2840 Atlantic Avenue, 191 Schenck Avenue and 260 Barbey Street, all in East New York, Brooklyn. The deal closed on November 19, 2024 and was recorded on December 2, 2024. The prior lender was Valley…
TF Cornerstone through the entity 595 Dean LLC as borrower signed a refi loan with lender PNC Bank valued at $448.3 million for the 798-unit rental complex at 595 Dean Street in Prospect Heights, Brooklyn. The deal closed on November 25, 2024 and was recorded on December 2, 2024. The prior lender was Wells Fargo which held debt that had an original loan amount of…
United American Land through the entity 142 Lawrence LLC paid $5 million to Wendy Chin-Tanner through the entity 142 Lawrence Street Realty Corp. for the three-unit mixed-use building (S3) at 142 Lawrence Street in Downtown Brooklyn, Brooklyn. The expected use is ground up development. The deal closed on November 21, 2024 and was recorded on December 2, 2024. The property has 3,860 square feet of…
The entity Broadway Astoria Arts, LLC paid $5.5 million to Farnaz Lavian Livi through the entity 2356 Broadway Associates LLC for the specialty building (P5) at 23-56 Broadway in Astoria, Queens. The building was formerly occupied by the Peter J. DellaMonica Senior Center, which moved to another location in Astoria in 2022. The deal closed on November 22, 2024 and was recorded on December 2,…
