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…
Izak Senbahar’s Alexico Group through the entity Mark Propco LLC (and others) as borrower signed a refi senior loan with lender Goldman Sachs through the entity Goldman Sachs Bank USA valued at $300 million for two properties including the Mark Hotel building (H1) at 25 East 77th Street in Lenox Hill, Manhattan and four-unit mixed-use building (S9) at 1000 Madison Avenue in Lenox Hill, Manhattan….
Yuan Pei Zheng through the entity Yz Real Property LLC paid $1.9 million to Joy Deb Dey through the entity Biresh Inc. for the newly constructed, three-unit, semi-attached building (C0) at 108-43 48th Avenue in Corona, Queens. The deal closed on June 12, 2024 and was recorded on June 20, 2024. The property has 3,230 square feet of built space and 408 square feet of…
Eddy Hersaut Calazel and Yuval Shimron paid $3.6 million to Leroy Gittens for the eight-unit residential walkup building (C5) at 21 West 121st Street in Harlem, Manhattan. The deal closed on June 13, 2024 and was recorded on June 20, 2024. The property has 4,764 square feet of built space and 2,521 square feet of additional air rights for a total buildable of 7,289 square…
Judy Swimer and Faigy Fischman through the entity JS1024 LLC and FF1632 LLC paid $4 million to Mark Levy through the entity Roundtree Realty Corp for the retail building (K1) at 2625 Bedford Avenue in Flatbush, Brooklyn. The deal closed on June 7, 2024 and was recorded on June 20, 2024. The property has 6,000 square feet of built space and 18,298 square feet of…
Xiaoyan Sui through the entity 351 W 48 St LLC paid $6.7 million to Sterling Holdings through the entity Landmark Holdings Nyc LLC for the nine-unit residential walkup building (C1) at 351 West 48th Street in Hell’s Kitchen, Manhattan. The deal closed on May 31, 2024 and was recorded on June 20, 2024. The property has 8,000 square feet of built space and 4,074 square…
Lucas Popaj through the entity 773 Grote LLC as borrower signed a loan with lender Wells Fargo valued at $10 million for the 34-unit residential elevator building (D1) at 773 Grote Street in Belmont, Bronx. The deal closed on June 7, 2024 and was recorded on June 18, 2024. The property has 22,976 square feet of built space according to a PincusCo analysis of city…
UPDATED 5:16 p.m., June 26, 2024: KABR Group through the entity 184 Jamaica Ave, LLC as borrower signed a loan with lender Acore Capital Mortgage valued at $55.3 million for two industrial properties including the industrial buildings (E1) at 184-60 and 184-10 Jamaica Avenue in Hollis, Queens. The total loan including portions such as mezzanine and future funding is $69.125 million. The deal closed on…
The Durst Organization through the entity Qpp LLC as borrower signed a senior loan with lender Wells Fargo valued at $450 million for the 958-unit rental building completed in 2022, the Sven at 29-59 Northern Boulevard in Long Island City, Queens, as well as several smaller properties. The family-led firm had put the property on the market seeking $800 million, The Real Deal reported in…
Chuan Chan Cao through the entity 136 Dreamsville LLC paid $3.8 million to Swayne Shu through the entity Hon Shong Inc. for the retail building (K1) at 136-04 Booth Memorial Avenue in Flushing, Queens. The deal closed on May 31, 2024 and was recorded on June 18, 2024. The property has 5,640 square feet of built space according to a PincusCo analysis of city data….
Eugene Weiss through the entity 1224 60th St Realty LLC paid $4.8 million to Joel Ackerman through the entity 1224 60th Street LLC for the mixed-use building (K4) at 1230 60th Street and the four-unit mixed-use building (S4) at 1224 60th Street in Dyker Heights, Brooklyn. The deal closed on May 30, 2024 and was recorded on June 18, 2024. The two properties have 4,940…
Yitzchok Weinberg’s Griffon Ventures through the entity 3043 GV LLC paid $7.2 million to Allen Schwartz through the entity Vilcorn, LLC for the 41-unit residential walkup building (C7) at 3043-3045 Villa Avenue in Bedford Park, Bronx. The deal closed on May 30, 2024 and was recorded on June 18, 2024. The property has 46,585 square feet of built space and 15,887 square feet of additional…
Meral Property Group through the entity Tlg Astoria Blvd LLC paid $10 million to Thomas Anagnostopoulos and Antonios Dagounakis through the entity Ed 2003 Equities LLC for the mid-block development site (V1) at 21-03 to 21-09 Astoria Boulevard in Astoria, Queens. On these lots, there is one active new building construction project under job number 421229735 for a 55-unit, 46,968 square-foot residential (R-2) building. The…
