Li Lan Wu through the entity 819 Group Inc. paid $3.4 million to Man-Sing Cheung and Josephine Lomangino Cheung through the entity Jo Man Corp. for the five-unit mixed-use building (S9) at 819 54th Street in Sunset Park, Brooklyn. The deal closed on June 6, 2024 and was recorded on July 2, 2024. The property has 6,395 square feet of built space and 106 square…
Hyok Jun Kwon through the entity Eagle KW Corporation paid $3.4 million to Kyoung S. No through the entity Cysk Estate Inc. for the five-unit mixed-use building (S9) at 41-12 162nd Street in Murray Hill, Queens. The deal closed on June 20, 2024 and was recorded on July 2, 2024. The property has 7,200 square feet of built space according to a PincusCo analysis of…
The bank Maspeth Federal Savings and Loan Association paid $3.5 million for the retail and office building (O2) at 31-42 Steinway Street in Astoria, Queens. The Queens County Savings Bank, which was acquired by Flagstar Bank through several mergers, formerly occupied this building. This 25-foot wide parcel does not include the adjacent parking lot, owned by the New York State Department of Transportation. The deal…
Jin Tan through the entity 3071 29th Street LLC paid $3.8 million to the estate of Walter A. Besser through the entity Panabricks Corporation for the mixed-use building (S1) at 30-71 29th Street in Astoria, Queens. The deal closed on June 7, 2024 and was recorded on July 2, 2024. The property has 3,940 square feet of built space and 10,152 square feet of additional…
33 Equities through the entity 1039 Gun Hill Road III LLC paid $27 million to Aleksander Lakaj through the entity 1039 Gun Hill LLC for the newly built, 79-unit rental building at 1039 Gun Hill Road in Williamsbridge, Bronx. On the lot, there is a new building project for a 79-unit, 53,599 square-foot residential (R-2) building, job number X00693446, submitted by Alex Lakaj and filed…
Kings Capital through the entity 359 West 48th LLC paid $12.5 million to Bank of China for the 39-unit residential elevator building (D3) at 357-365 West 48th Street in Hell’s Kitchen, Manhattan. The bank used the building for corporate housing, but it has been vacant since Covid, according to a source. Kings Capital plans to renovate to 39 class A apartments with outdoor space. The…
Brause Realty through the entity 37 Usw Owner LLC paid $16.5 million to Martin Feinberg through the entity Winner Communications, Inc. for the office building (O5) at 37 Union Square West in Flatiron District, Manhattan. The deal closed on June 24, 2024 and was recorded on July 1, 2024. The property has 19,434 square feet of built space and 25,650 square feet of additional air…
The securitized lender in care of LNR Partners, Series 2014-C24, through the entity JPMBB 2014-C24 Madison Avenue, LLC acquired the leasehold of the office building (O6) at 635 Madison Avenue in Lenox Hill, Manhattan. This was a foreclosure sale resulting from case 850274/2021 in New York State Supreme Court in Manhattan. The final judgment amount was $99.8 million. The sale closed on June 12, 2024…
UPDATED 8:30 a.m., July 3, 2024: Affordable housing developer Breaking Ground through the entity 1760 Third Avenue Housing Development Fund Corp paid $172.1 million to CenterSquare Investment Management, Principal Real Estate Investors, and 60 Guilders through the entity 1760 Third Ave Property Owner, LLC for the dorm building (H8) at 1760 Third Avenue in Carnegie Hill, Manhattan. The deal closed on June 26, 2024 and…
Manhattan-based EOS Hospitality through the entity William Vale Owner LLC paid $176.4 million to the entity Wythe Berry Fee Owner LLC for the hotel building (HB) at 111 North 12th Street in Williamsburg, Brooklyn. The deal closed on June 18, 2024 and was recorded on July 1, 2024. The property has 185,141 square feet of built space according to a PincusCo analysis of city data….
Silverstein Properties through the entity SCP JV I Lender LLC acquired control of the retail, rental and unsold units at the Brooklyn Tower at 9 Dekalb Avenue in Downtown Brooklyn from JDS Development Group through the entity 9 Dekalb Holdings 1 LLC in a transaction valued at $672 million. The deal closed on June 10, 2024 and was recorded on July 1, 2024. The deal…
CAVU Property Group through the entity 2255 Nostrand LLC as borrower signed a new construction loan with lender Levon Capital through the entity Levon NY DMXXIV LLC valued at $19.5 million for the property at 2255 Nostrand Avenue in Flatlands, Brooklyn. Steven Hurwitz, president of CAVU Property Group submitted a new building construction project for a 33,921 square-foot retail and office building at 2255 Nostrand…
Kraus Organization through the entity Hewes Mews Development L.P. as borrower signed a refi loan with lender JPMorgan Chase valued at $48.6 million for seven residential elevator properties with 192 residential units including the 35-unit residential elevator building (D9) at 409 Hewes Street in Williamsburg, Brooklyn, 29-unit residential elevator building (D9) at 399 Hewes Street in Williamsburg, Brooklyn, and 30-unit residential elevator building (D9) at…
United Talmudical Academy through the entity Friends Of UTS Inc. paid $8.7 million to Abraham Berkowitz through the entity Lev Tov Challenge, Inc. for the property at 1769 53rd Street in Borough Park, Brooklyn. The deal closed on June 19, 2024 and was recorded on June 28, 2024. The parcel is about 120 feet south of Yeshiva Yagdil Torah. The signatory for Abraham Berkowitz was…
UPDATED 1:05 p.m., July 1, 2024: Behrooz Hedvat through the entity 18 Dagim LLC paid $18 million to the Weatherley family through the entity Weatherley 39th Street, LLC for the office building (O6) at 16 West 39th Street in Grand Central, Manhattan. The deal closed on June 26, 2024 and was recorded on June 28, 2024. The property has 51,273 square feet of built space…
A company in care of Hogwarts Capital, the entity 373 5th Ave Holding LLC, paid $30 million to the Shenzhen, China-based property developer Fantasia Holdings Group through the entity Fantasia 373 Hotel (US) LLC for the U Hotel building (H3) at 373 Fifth Avenue in Grand Central, Manhattan. Fantasia, which like many property developers is under financial pressure, was launched in 1996 by founder “Baby”…
Brooklyn-based SMJ Development through the entity 45th Street Housing Partners LLC as the beneficial owner, in partnership with the nonprofit Services for the Underserved, paid $20 million to Croman Real Estate through the entity 351-357 West 45 LLC for four attached buildings with 80 units at 351-357 West 45th Street in Hell’s Kitchen, Manhattan. The neighborhood news site W42st.nyc first reported that Services for the…
UPDATED 7:30 a.m., July 19, 2024: Bando Construction through the entity Bando Geny LLC paid $36 million to Sachs Companies through the entity 65 West Property LLC for the 79-unit residential elevator building (D6) at 65 West 55th Street in Midtown West, Manhattan. The deal closed on June 17, 2024 and was recorded on June 27, 2024. The property has 112,000 square feet of built…
Jacob Fulop through the entity President Lofts LLC as borrower signed a refi loan with lender Bank of Montreal valued at $21.6 million for the 55-unit building at 1042 President Street in Crown Heights, Brooklyn. The deal closed on June 11, 2024 and was recorded on June 27, 2024. The prior lender was Valley National Bank which held debt that had an original loan amount…
Kaufman Organization through the entity Kaufman Arcade Owner LLC as borrower signed a refi loan with lender Citibank through the entity Citi Real Estate Funding Inc. valued at $32.2 million for the office building (O6) at 132 West 36th Street in Garment District, Manhattan. The deal closed on June 11, 2024 and was recorded on June 27, 2024. The prior lender was JPMorgan Chase which…
