BWH Group through the entity 2510 Cia LLC paid $2.8 million to Glenn L. Gubner through the entity 2510/18 C.I.A. L.L.C. for the industrial building (GU) at 2510 Coney Island Avenue in Sheepshead Bay, Brooklyn. The built sale price per foot of $1,866 indicates it is likely a development site. The deal closed on June 3, 2024 and was recorded on June 5, 2024. The…
Rockrose Development through the entity Joralemon Retail L.L.C. paid $3 million to the entity 186 Remsen Street LLC for the retail and office building (O8) at 193 Joralemon Street in Brooklyn Heights, Brooklyn. The deal closed on May 29, 2024 and was recorded on June 5, 2024. The property has 4,550 square feet of built space. The sale price per built square foot is $659….
Eckstrom NYC through the entity Eckstrom Clinton LLC paid $6.4 million to the estate of Josephine Caminiti for the five-unit residential walkup building (C2) at 323 Clinton Street in Cobble Hill, Brooklyn. The deal closed on May 17, 2024 and was recorded on June 5, 2024. The property has 6,000 square feet of built space and 844 square feet of additional air rights for a…
Buyers paid $10.3 million to the Weprin family through the entity Olim Associates LLC for the seven-unit residential walkup building (C1) at 5 East 10th Street in Greenwich Village, Manhattan. The deal closed on May 30, 2024 and was recorded on June 5, 2024. The property has 7,489 square feet of built space and 487 square feet of additional air rights for a total buildable…
Kimchung Chan through the entity Lc 78 Street Realty LLC paid $3.3 million for the 16-unit residential walkup building (C1) at 1624 78th Street in Bensonhurst, Brooklyn. The deal closed on May 22, 2024 and was recorded on May 31, 2024. The property has 16,350 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot…
Eckstrom NYC through the entity 285 Pacific LLC paid $3.9 million for the four-unit building (C3) at 285 Pacific Street in Boerum Hill, Brooklyn. The deal closed on May 15, 2024 and was recorded on May 31, 2024. The property has 3,800 square feet of built space and 697 square feet of additional air rights for a total buildable of 4,500 square feet according to…
Watermark Capital Group through the entity Three Thirty M LLC paid $5.5 million to Israel Perlmutter through the entity Melrose Deals, Inc. for the industrial building (F4) at 330 Melrose Street in Bushwick, Brooklyn. The deal closed on May 15, 2024 and was recorded on May 31, 2024. The property has 13,500 square feet of built space according to a PincusCo analysis of city data….
Nack Gyeun Mun through the entity 51-55 West 35th Street Realty Inc. paid $16.5 million to Diana Jong through the entity Ding Sheng Realty Corp. for the 24-unit residential walkup building (C7) at 51-55 West 35th Street in the Garment District, Manhattan. The deal closed on May 30, 2024 and was recorded on June 4, 2024. The property has 36,109 square feet of built space…
Slate Property Group through the entity Coyle Street Owner LLC paid $24.4 million to Robert Fischman of Berkoff Supply through the entity Coyle Properties LLC for the mixed-use building (K1) at 2134 Coyle Street in Sheepshead Bay, Brooklyn and property at 2114 Coyle Street in Sheepshead Bay, Brooklyn. The deal closed on May 23, 2024 and was recorded on June 4, 2024. The two properties…
Watermark Capital Group through the entity 175 Pearl Street LLC paid $66.5 million to Cannon Hill Capital Partners through the entity Maple 3p KRL 175 Pearl Owner, LLC for the office building (O6) at 175 Pearl Street in Downtown Brooklyn, Brooklyn. The Commercial Observer reported the buyer intends to convert the office building to residential. The deal closed on May 29, 2024 and was recorded…
Freddie Mac and Sabal Capital Partners, on behalf of the securitized bondholders of Series 2019-SB63, filed 12 additional pre-foreclosure actions against Mack Real Estate Group totaling $54.7 million on East Harlem properties formerly owned by Emerald Equity Group. The new cases were filed on June 3 and June 4 in New York State Supreme Court. The new filings included the properties 1575 Lexington Avenue, 1571…
W Financial REIT filed a $16.75 million pre-foreclosure action yesterday against Paramdeep Singh and other alleged guarantors who own the hotel building at 129 West 46th Street in Midtown West, Manhattan. The lender filed the complaint in New York State Supreme Court. Case LINK According to the complaint, “The Borrower has defaulted under the Loan Documents by failing to make payments of amounts due under…
A bankruptcy restructuring specialist placed the entity that owns unsold residential and commercial condominium units at Tessler Developments’ mixed-use Midtown South tower at 172 Madison Avenue, at the corner of 33rd Street, into chapter 11 bankruptcy protection yesterday. The petition notes assets of $100.6 million and liabilities of $66.5 million. Case 24-22500-pb LINK Chapter 11 bankruptcy pdf This bankruptcy was filed the day of a…
Fairstead through the entity Park 79 Preservation Lp as borrower signed a refi loan with lender Merchants Capital through the entity Merchants Capital Corp. valued at $38.8 million for the affordable rental building (H3) at 117 West 79th Street in Upper West Side, Manhattan. The deal closed on May 23, 2024 and was recorded on June 3, 2024. The prior lender was Freddie Mac which…
UPDATED 12:10 p.m., June 5, 2024: Rabsky Group through the entity President Union LLC as borrower signed a new construction loan with lender G4 Capital Partners through the entity G4 18231, LLC valued at $228 million for projects at 395 Carroll Street and 313 Bond Street, also known as 325 Bond Street. The total debt is $286 million, the Real Deal reported last month. On…
UPDATED 1:25 p.m., June 5, 2024: Fata Organization through the entity 250 West FO, LLC paid $6.3 million to Rockfeld Group through the entity Fdb 250 LLC for the retail building (K1) at 250 West 125th Street in Harlem, Manhattan. Fata Organization owns 246 West 125th Street. The deal closed on May 16, 2024 and was recorded on June 3, 2024. The property has 2,375…
The entity 60 B Street, LLC in care of the law firm Aldad & Associates, paid $11.5 million for the six-unit residential walkup building (C2) at 60 Bank Street in West Village, Manhattan. The Leslie J. Garfield & Co. listing said the property could be income producing or delivered vacant for a single-family home conversion. The deal closed on May 30, 2024 and was recorded…
Brooklyn-based Spatial Equity Co. and nonprofit developer Community Access signed a $58 million contract with the Roman Catholic Church’s Archdiocese of New York, to buy a 1.4-acre lot in the East Village where it plans to build 570 units of affordable housing on what will later be two tax lots. The property currently has an address of 181 Avenue D, and is bounded on the…
The court-appointed referee for the foreclosure case related to Urban Edge Properties’ retail and office property, the Kingswood Center at 1630 East 15th Street in Sheepshead Bay, Brooklyn, set June 27, 2024, as the date for the auction for the asset with a judgment of $66.9 million, according to court records published yesterday. The auction is set to take place at the Kings County Supreme…
The court-appointed referee for the foreclosure case related to Thor Equities’ retail property at 440 Broadway, located in SoHo, Manhattan, set July 17, 2024, as the date for the auction for the asset with a judgment of $10.7 million, according to court records published yesterday for case 850241/2023. The retail building in SoHo has 5,771 square feet of built space and 9,176 square feet of…
