Dai Ping Zheng through the entity 2310 Ds LLC paid $4.5 million through a “real estate owned” transaction to Rosenthal & Rosenthal through the entity 23-10 44th Drive LLC for the retail building (K1) at 23-10 44th Drive in Long Island City, Queens. The expected use is ground up development. The deal closed on February 11, 2025 and was recorded on February 24, 2025. The…
Bowery Residents Committee through the entity PPS Housing Development Fund Corporation paid $4.7 million to Apple Bank for the retail building (K7) at 626 Pelham Parkway South in Pelham Parkway, Bronx. The expected use is owner-occupied. The deal closed on February 20, 2025 and was recorded on February 24, 2025. The property has 13,800 square feet of built space and 20,635 square feet of additional…
The private school Lycee Francais de New York through the entity 517 East 75th Street LLC paid $7.3 million to Kamran Hakim through the entity El-Kam Realty Co. for the 12-unit residential walkup building (C5) at 517 East 75th Street in Lenox Hill, Manhattan. The expected use is owner-occupied. The deal closed on February 19, 2025 and was recorded on February 24, 2025. The property…
The Cayre family’s Midtown Equities through the entity 205 Montague LLC alleges in a complaint filed yesterday in New York State Supreme Court in Manhattan that Rialto Capital Advisors on behalf of itself and the Blackstone Group-owned entity SIG CRE 2023 Venture LLC, has improperly refused a loan extension that Midtown Equities says it is contractually obligated to extend. Court cases represent the position of…
Cord Meyer Development through the entity 10827 QB LLC as borrower signed an initial loan with lender Morgan Stanley through the entity Morgan Stanley Bank, N.A. valued at $35 million for eight properties including the office condo at 111-01 Queens Boulevard in Forest Hills, Queens, mixed-use building (K4) at 108-36 Queens Boulevard in Forest Hills, Queens, and retail building (K1) at 72-09 Northern Boulevard in…
Fisher Brothers through the entity Fisher-Park Lane Owner LLC as borrower signed a refi loan with lender Citibank and JPMorgan Chase through the entity Citi Real Estate Funding Inc valued at $500 million for two properties including the office building (O4) at 299 Park Avenue in Midtown East, Manhattan and hotel building (H1) at 111 East 48th Street in Midtown East, Manhattan. The deal closed…
Hillel Chanan Fried through the entity HM Properties Ny LLC paid $2.3 million to Scott Kalb through the entity R & L Contracting Corp for the seven-unit residential walkup building (C7) at 322 E 141th Street in Mott Haven, Bronx. The expected use is cash flowing. The deal closed on February 13, 2025 and was recorded on February 21, 2025. The property has 9,340 square…
The owners of Park Slope Dental Arts through the entity Park Slope 404, LLC paid $4.4 million to Arthur Kimmel for the retail building (K2) at 404 5th Avenue in Park Slope, Brooklyn. The expected use is owner-occupied. The deal closed on December 30, 2024 and was recorded on February 21, 2025. The property has 6,400 square feet of built space and 3,200 square feet…
Gjek Popaj through the entity 299 East Burnside LLC paid $4.7 million to Christos Tsetsekas through the entity Burnside Realty Group LLC for the parking lot at 299 East Burnside Avenue and two adjacent lots, all in Fordham Heights, the Bronx. The expected use is ground up development, but no development plans have been filed. The property was marketed as a development opportunity. The deal…
Westbridge Realty Group through the entity 310 Jemwest LLC paid $5 million to the Kian family through the entity World Tower Parking Garage LLC for the ground lease controlling the development site at 310 West 144th Street in Harlem, Manhattan. The expected use is ground up development. On the lot, there is one active major alteration construction project, M01118538, for a 48-unit, 16,560 square-foot R-2…
Vincens Gjonaj paid $10 million to Matthew Bloomfield for two rental properties located a block apart in Norwood, the Bronx, in two transactions. In the first, Vincens Gjonaj through the entity Mosholu Partners III LLC paid $5.7 million to Matthew Bloomfield through the entity 53 Hc LLC for the 66-unit residential walkup building (C1) at 375 East Mosholu Parkway North in Norwood, Bronx. The expected…
New York Immigration Coalition paid $8.1 million to Wilson Lei Chen and Jie Hu through the entity Realty 131 W33 LLC for the office condominium unit at 131 West 33rd Street in Penn Plaza, Manhattan. The expected use is owner-occupied. The deal closed on February 18, 2025 and was recorded on February 21, 2025. The property has 4,348 square feet of built space according to…
The entity Mirth Holdings, LLC paid $14 million to Thomas Slatin through the entity H.L. Slatin, LLC for the four-unit building (C3) at 11 Bank Street in West Village, Manhattan. The listing available on StreetEasy indicates a buyer could convert this to a single-family residence. The deal closed on February 14, 2025 and was recorded on February 21, 2025. The property has 5,855 square feet…
Savanna through the entity Schwarzhorn Re 430 W 15 LLC paid $85 million to Invesco through the entity 430 West 15th Street Owner, LLC for the 99-year ground lease controlling the office building (O3) at 430 West 15th Street in Chelsea, Manhattan. The expected use is cash flowing. The deal closed on February 12, 2025 and was recorded on February 21, 2025. The property has…
New Jersey investors John and Peter Tal through the entities 20 Camillus, LLC and Rome Gas Inc., bought a 31,000-square-foot Ozone Park, Queens, shopping center at 137-20 Cross Bay Boulevard for $14.7 million in a deal that closed on February 21, 2025, and has not been recorded as of publication, according to sources familiar with the transaction. The sale price per built square foot was…
TRG Equities through the entity 59-29 Myrtle TRG LLC paid $5.3 million to AMS Acquisitions through the entity AMS-Myrtle LLC for the two-unit mixed-use building (S2) at 59-29 Myrtle Avenue, two-unit mixed-use building (S2) at 59-39 Myrtle Avenue, and the two-unit mixed-use building (S2) at 59-37 71st Avenue in Ridgewood, Queens. The expected use is cash flowing. The deal closed on February 6, 2025 and…
Payam Kermanian through the entity Sonny Skyline 2.0 LLC paid $6.3 million to Werwaiss Properties for the industrial building (F4) at 20-04 33rd Street in Ditmars Steinway, Queens. The deal closed on February 11, 2025 and was recorded on February 20, 2025. The property has 15,000 square feet of built space and 3,750 square feet of additional air rights for a total buildable of 18,750…
The Japan-based firm Mantomi Co. through the entity Mantomi Co., Ltd paid $8.5 million to Peak Capital Advisors through the entity 150 N Owner LLC for the seven-unit residential walkup building (C1) at 150 North 9th Street in Williamsburg, Brooklyn. The expected use is cash flowing. The deal closed on January 24, 2025 and was recorded on February 20, 2025. The property has 5,500 square…
JGK Real Estate Holdings through the entity 280 Mulberry Street Owner LLC paid $14 million through an estate sale to Michael Daniel and Gheorghe Daniel through the entity 280 Mulberry Realty LLC for the 33-unit residential walkup building (C7) at 280 Mulberry Street in Nolita, Manhattan. The expected use is cash flowing. The deal closed on January 28, 2025 and was recorded on February 20,…
Manga Hotel Group through the entity Mango Soho LLC paid $56 million to Lam Generation through the entity Soho 54 LLC for the hotel building (H3) at 54 Watts Street in Hudson Square, Manhattan. The expected use is cash flowing. The deal closed on February 13, 2025 and was recorded on February 20, 2025. The property has 54,375 square feet of built space according to…
