David M. Aboodi through an affiliated entity Gamelot FH 2023 LLC bought a note with an original principal of $4.98 million from Alpine Capital Bank secured by William Chou’s nine-unit residential elevator building (D6) at 816 58th Street in Sunset Park, Brooklyn. On the lot, there is one active new building construction project for a nine-unit, 22,614 square-foot R-2 building. The project was submitted by…
Elizabeth McDonald through the entity 420 Court Street LLC as borrower signed a construction loan with lender Preferred Bank valued at $7.2 million for the retail building (K7) at 420 Court Street in Carroll Gardens, Brooklyn. On the lot, there is one active major alteration construction project for a three-unit, 8,838 square-foot R-2 building. The project was submitted by Elizabeth Mcdonald with plans filed January…
Seth Weissman’s Urban Standard Capital paid $6.5 million to the Matera family in two transactions for a two-parcel development site at 321 Church Street, also known as 33 Lispenard Street, and the adjacent parcel 325 Church Street. Urban Standard Capital has long planned a new building at 31-33 Lispenard Street, including a presentation to the city’s Landmarks Commission in 2019. The sale price was $6.5…
Itanel Rahmani through the entity Ied 4100 East Tremont LLC paid $3 million to Theresa Ciamarra through the entity 4100 Properties, Inc. for the retail building (K1) at 4100 East Tremont Avenue in Throgs Neck, Bronx. The deal closed on June 11, 2024 and was recorded on June 24, 2024. The property has 6,000 square feet of built space and 2,352 square feet of additional…
UPDATED 9:50 a.m., June 25, 2024: Joel Schreiber of Waterbridge Capital through the entity Tribeca Portfolio LLC paid $7.9 million to the Matera Family LP for the two-unit mixed-use building (K4) at 5 Lispenard Street and the two-unit retail building (K4) at 1 Lispenard Street in Tribeca, Manhattan, according to a source familiar with the transaction. Seth Weissman’s Urban Standard Capital provided a $6 million…
Dominic Casamento’s Kingdom Equities through the entity Sunnyside 47 LLC paid $9.8 million to Fred Stark through the entity Sunnyside 47th Avenue, LLC for the 20-unit residential walkup building (C1) at 39-38 47th Avenue in Sunnyside, Queens, 20-unit residential walkup building (C1) at 39-30 47th Avenue in Sunnyside, Queens, and 20-unit residential walkup building (C1) at 39-44 47th Avenue in Sunnyside, Queens. The deal closed…
Success Academy Charter Schools through the entity 7801 Bay Parkway, LLC paid $37.2 million to Magen David Yeshivah through the entity Magen David Yeshivah for the specialty building (W2) at 7801 Bay Parkway in Gravesend, Brooklyn and specialty building (Q9) at 7815 Bay Parkway in Gravesend, Brooklyn. Magen David Yeshivah, which counts real estate investors such as Jeff Sutton as trustees, is selling this building…
Circle F Capital through the entity 1 Park Row Development, LLC as borrower signed a refi loan with lender 3650 REIT through the entity 3650 Cal Bridge Opr LLC valued at $46.1 million for the retail building (K2) at 1 Park Row in Financial District, Manhattan. The deal closed on June 10, 2024 and was recorded on June 21, 2024. The property has 42,200 square…
Brookfield Properties through the entity Brookfield Properties Olp Co. LLC as borrower signed a refi loan with lender Morgan Stanley through the entity Morgan Stanley Mortgage Capital Holdings LLC valued at $750 million for 17 office condominium unit at 1 Liberty Plaza in Financial District, Manhattan. The deal closed on June 14, 2024 and was recorded on June 21, 2024. The prior lender was Morgan…
Ken Huang through the entity Ewkh Realty Management LLC paid $5 million to Top Rock Holdings through the entity 1468 Williamsbridge Road Partners LLC for the office building (O7) at 3251 Westchester Avenue in Pelham Bay, Bronx. The deal closed on June 6, 2024 and was recorded on June 21, 2024. The property has 8,638 square feet of built space and 37,993 square feet of…
Shaban Sinanaj and Alban Prelvukaj through the entity 216 East LLC paid $9.1 million to an affiliate of investor Alexander Gurevich through the entity 216 E. 49th Street, L.L.C. for the office and retail building (O5) at 216 East 49th Street in Midtown East, Manhattan. The deal closed on June 17, 2024 and was recorded on June 21, 2024. The property has 14,976 square feet…
Bestway Carting through the entity 57-57 & 57-05 47th St LLC paid $14.8 million to Prologis through the entity 47th Street & 58th Road LLC for the industrial building (E9) at 57-05 47th Street in Maspeth, Queens and vacant lot (V1) at 57-57 47th Street in Maspeth, Queens. The deal closed on June 6, 2024 and was recorded on June 21, 2024. The two properties…
National Grid through the entity The Brooklyn Union Gas Company paid $15 million to Dib Management through the entity Hinsdale Commercial Property LLC for the vacant lots (V1) on Hinsdale Street, Snediker Avenue and Sutter Avenue in East New York, Brooklyn. The deal closed on June 17, 2024 and was recorded on June 21, 2024. The nine properties have zero square feet of built space…
Urban Resource Institute paid $25.9 million to Jonathan Faust, Michael Faust, and Jonathan Feigenbaum for two adjacent properties at 478 West 130th Street and 487 West 129th Street, in Harlem, Manhattan. They were previously part of a single tax lot, but prior to this sale were divided into two separate tax lots. In the larger transaction by dollar amount, Urban Resource Institute through the entity…
Glacier Equities paid $35.5 million to the family of the late real estate investor Martin Kennedy for five Greenpoint residential and industrial properties including 99 Commercial Street, 1145 Manhattan Avenue, 1141 Manhattan Avenue, 1139 Manhattan Avenue and 78 Commercial Street in five transactions. The signatory for the Martin Kennedy family was Barbara Kennedy. The signatory for Glacier Equities was Myles J. Horn. The contract date…
Azora Exan through the entity 1141 Broadway Owner LLC paid $47.8 million to Premier Equities through the entity 1141 Realty Owner LLC for the hotel building (HB) at 1141 Broadway in NoMad, Manhattan, at the northwest corner of 26th Street. The deal closed on June 5, 2024 and was recorded on June 21, 2024. The property has 30,966 square feet of built space according to…
UPDATED 9:45 a.m., July 12, 2024: Farallon Capital Management and Fetner Properties through the entity 85 East End Owner, LLC paid $75 million to BlackRock through the entity East End Tower LLC for the 155-unit residential elevator building (D6) at 85 East End Avenue in Yorkville, Manhattan. The deal closed on June 18, 2024 and was recorded on June 21, 2024. The property has 169,386…
UPDATED 11:50 p.m., June 21, 2024: Madison Realty Capital through the entity 313 Bond Lender 1 LLC, lent $213.75 million to G4 Capital Partners as part of a participation loan, also known as a loan-on-loan, used to finance a $228 million senior construction loan G4 Capital Partners made to the Rabsky Group for two large project totaling 604 residential units in Gowanus. The senior loan…
Rabina Properties and new partner Edward Friedman through the entity 850 Eighth LLC (and others) as borrower signed a refi loan with lender M&T Bank through the entity Manufacturers And Traders Trust Company valued at $12.5 million for four properties with 108 residential units including the 34-unit residential walkup building (C7) at 854 Eighth Avenue in Midtown West, Manhattan, 34-unit residential walkup building (C7) at…
Pinches Abowitz through the entity 2700 Church Realty LLC as borrower signed a refi loan with lender S3 Capital through the entity S3 Re 2700 Church Funding LLC valued at $29.3 million for a 69-unit development at 2718 Church Avenue in East Flatbush, Brooklyn. The property has alternate addresses including 2700 Church Avenue. On these lots, there is one active new building construction project under…
