RFR Holding and Kushner Companies brought low-profile Brooklyn investor Jack Guttman of Pearl Realty Management in as an investor with an unknown stake in the Dumbo, Brooklyn, office building at 81 Prospect Street, according to a PincusCo analysis of city property records. The transfer price was $33.75 million. According to the transfer documents, RFR Holding and Kushner Companies through a jointly owned entity RFR/K 81…
Shorenstein Properties through the entity 200 E 11th St Owner LLC as borrower signed a refi loan with lender Forethought Life Insurance Company valued at $26 million for the 55-unit rental condo unit at 55 Third Avenue in East Village, Manhattan. The deal closed on June 12, 2024 and was recorded on June 17, 2024. The prior lender was Helaba which held debt that had…
Impulsive Group through the entity 47th Hotel Associates, LLC as borrower signed a refi loan with lender Bank of America through the entity Bank Of America, N.A., valued at $34.2 million for two hotel properties including the hotel building (H3) at 132 West 47th Street in Midtown West, Manhattan and hotel building (H3) at 128 West 47th Street in Midtown West, Manhattan. The deal closed…
Radojica Katnic through the entity 63-49 60th Place Ridgewood LLC paid $2.7 million to Adriana Roman through the entity D.A.E. Realty, LLC for the industrial building (F9) at 63-49 60th Place in Ridgewood, Queens. The deal closed on May 22, 2024 and was recorded on June 17, 2024. The property has 9,000 square feet of built space and 6,611 square feet of additional air rights…
Shlomo Ben Nasser of 26 Splitrock through the entity 476 Gates Ave SR LLC paid $3.1 million to Toorak Capital Partners through the entity 2021-1 Realty Holdings II LLC for the seven-unit residential walkup building (C1) at 476 Gates Avenue in Bedford Stuyvesant, Brooklyn. The deal closed on May 28, 2024 and was recorded on June 17, 2024. The property has 4,870 square feet of…
Peng Fan through the entity Kylin Realty LLC paid $4.3 million to Victor Setton through the entity Hudson Street Retail, LLC for the retail condominium unit at 114 Hudson Street in Tribeca, Manhattan. The deal closed on June 5, 2024 and was recorded on June 17, 2024. The property has 2,995 square feet of built space according to a PincusCo analysis of city data. The…
Watermark Capital Group through the entity 62-08 Realty LLC, sued the former owner of a large development parcel at 6128 8th Avenue in Sunset Park, Brooklyn, who remained in control under a master lease, because a neighbor had not been included in a construction license and access agreement the developers need to move ahead. The plaintiffs are seeking $10 million or more if they can’t…
Apex Investments through the entity 83-97 Apollo Leasehold LLC as borrower signed a refi loan with lender Ellington Management Group through the entity Emg Transfer Agent LLC valued at $16.2 million for the property at 83 Apollo Street in Greenpoint, Brooklyn. This is The Continental, a Safe Haven Shelter, North Brooklyn News reported. The deal closed on May 24, 2024 and was recorded on June…
Sunlight Development through the entity Madison 29 Holding LLC as borrower signed a $50 million acquisition loan with an affiliate of NuVerse Advisors as lender, through the entity S3 Lender MA LLC, for the office building (O6) at 95 Madison Avenue in NoMad, Manhattan. The city designated the building an individual city landmark in 2018. Sunlight Development bought the building for $65 million with plans…
J.P. Morgan Asset Management through the entity Chelsea New York Realty Company LLC as borrower signed a refi loan with lender Northwestern Mutual Life Insurance valued at $165 million for the 387-unit residential elevator building (D8) at 776 Avenue of The Americas in NoMad, Manhattan. The deal closed on June 11, 2024 and was recorded on June 14, 2024. The prior lender was PGIM Real…
Vornado Realty Trust and unnamed sovereign wealth fund and pension investors, through the entity 640 Fifth Avenue Owner LLC as borrower, signed a refi loan with lender Morgan Stanley, Goldman Sachs, and Bank of Montreal valued at $300 million for the office and retail building at 640 Fifth Avenue in Midtown West, Manhattan. The $300 million was senior debt. Vornado reported it refinanced the building…
VAJA Group, led by Moses Freund, through the entity 700 Gerard Owner LLC paid $2.2 million to Rosemawr Management through the entity Rm Bronx LLC for the development parcel (V0) at 700 Gerard Avenue in Concourse, Bronx. The American Dream Charter School planned a new educational building on the site, but those plans did not go through. The deal closed on June 10, 2024 and…
Patrick Fu through the entity 141 Bedford Ave, LLC paid $2.6 million to Joseph Lentini and Brian Lentini through the entity Bedford Ave. Studios LLC for the three-unit building (C0) at 141 Bedford Avenue in Williamsburg, Brooklyn. The deal closed on June 6, 2024 and was recorded on June 14, 2024. The property has 1,944 square feet of built space and 978 square feet of…
Jack Saadeh through the entity Lmr Assets LLC paid $31.3 million to Steven Klein through the entity 148 Mad New Owner LLC for the office building (O6) at 148 Madison Avenue in Murray Hill, Manhattan. The building was constructed in 1917, according to marketing materials and city records. The deal closed on June 7, 2024 and was recorded on June 14, 2024. The property has…
The entity EGL 1605 Owner LLC paid $53.3 million through a 15.91 percent partial interest to Argent Ventures through the entity 1601 Broadway Owner LLC for the Crowne Plaza Times Square Manhattan hotel building (H1) at 1601 Broadway in Times Square, Manhattan. The deal closed on July 23, 2024 and was recorded on August 15, 2024. The property has 843,131 square feet of built space…
Albert Malekan through the entity Akjo-26 Delaware LLC as borrower signed a refi loan with lender Citibank through the entity Citi Real Estate Funding Inc. valued at $20 million for the office building (O6) at 419 Lafayette Street in NoHo, Manhattan. Malekan acquired full control of the property last year in an entity level transactions valued at $29.4 million. Before that, Malekan controlled the property…
Carlyle Group and Sabharwal Properties through the entity 507 Osborn Street Owner, L.L.C. as borrower signed a refi loan with lender Prudential Financial through the entity The Prudential Insurance Company of America valued at $28 million for two industrial properties including the industrial building (E7) at 155 King Street in Red Hook, Brooklyn and industrial building (E7) at 507 Osborn Street in Brownsville, Brooklyn. The…
MCR Hotels through the entity Flight Center Hotel LLC as borrower signed a refi loan with lender Barclays through the entity Barclays Capital Real Estate Inc. valued at $290 million for the landmarked TWA Hotel building (T1) at 154-68 Brookville Boulevard in John F. Kennedy International Airport, Queens. The deal closed on June 5, 2024 and was recorded on June 13, 2024. The prior lender…
Lin Wei Huang through the entity N C P M Inc. paid $3.4 million to the estate of Soon Yee, Peter Yee, and John Yee through the entity 58 Mott Street LLC for the six-unit mixed-use building (S5) at 58 Mott Street in Chinatown, Manhattan. The deal closed on May 31, 2024 and was recorded on June 13, 2024. The property has 4,646 square feet…
Hirshmark Capital through the entity 3516 FS LLC As Nominee For Astoria LIC Funding LLC acquired from Matthew Schwartz and Scott Minuta through the entity 35-16 Astoria Blvd Holdings, LLC, the 15-unit residential elevator building (D7) at 35-16 Astoria Boulevard in Astoria, Queens, through a $9.7 million deed-in-lieu of foreclosure. The transfer value for a deed-in-lieu is typically the loan value or the latest judgment…
