UPDATED 2:05 p.m., May 24, 2024: Four Winds Real Estate and the Lerner Family through the entity 47 East 34th Street Owners LLC (and another) paid $68 million to Morgenstern Capital and H.I.G. Capital through the entity 47 East 34 Owner LLC for the 110-unit rental building The Knox at 47 East 34th Street in Murray Hill, Manhattan. The deal closed on May 21, 2024 and…
Namdar Realty Group through the entity Fifty Ninth Holdings LLC bought a note with an original principal of $33.4 million from M&T Bank secured by Benenson Capital Partners’s retail at the base of a 234-unit cooperative elevator building (D4) at 127 East 59th Street, also known as 118 East 60th Street in Lenox Hill, Manhattan. The deal closed on May 10, 2024 and was recorded…
The entity 175 West 76th Street LLC bought a note with an original principal of $37 million from PIMCO secured by Lichter & Lichter’s 100-unit residential elevator building (D6) at 341 Amsterdam Avenue in Upper West Side, Manhattan. The note buyer is at the address and floor of InterVest Capital Partners, which is the investment fund formerly known as Wafra Capital Partners. The deal closed…
Gurwinder Singh through the entity Teller Partners LLC as borrower signed a refi loan with lender Arbor Realty Trust through the entity Arbor Private Investment LLC valued at $11 million for the 41-unit residential elevator building (D1) at 1135 Teller Avenue in Concourse Village, Bronx. The deal closed on April 30, 2024 and was recorded on May 23, 2024. The prior lender was Ponce Bank…
Alan Laytner through the entity 549 16th Street LLC paid $2.3 million for the three-unit 1-4 family building (C0) at 549 16th Street in Windsor Terrace, Brooklyn. The deal closed on May 21, 2024 and was recorded on May 23, 2024. The property has 3,334 square feet of built space and 49 square feet of additional air rights for a total buildable of 3,373 square…
Alon Ashourzadeh and Eden Ashourzadeh through the entity 621 Vanderbilt LLC paid $2.6 million to James Parker, Carnell Parker, and Velma Parker for the four-unit building (C3) at 621 Vanderbilt Avenue in Prospect Heights, Brooklyn. The deal closed on May 13, 2024 and was recorded on May 23, 2024. The property has 4,000 square feet of built space and 2,372 square feet of additional air…
II Macedonian Pentecostal Church paid $3.8 million to Ketty Maisonrouge through the entity Kfmgallatin, LLC for the industrial building (E1) at 205 East 123rd Street in East Harlem, Manhattan. The deal closed on May 15, 2024 and was recorded on May 23, 2024. The property has 8,931 square feet of built space according to a PincusCo analysis of city data. The sale price per built…
Xiao Jun Chen through the entity 1417 Avenue U Holding LLC paid $7.7 million to the Chehebar family’s Jackson Group through the entity 1417 Avenue U LLC for the retail building (K1) at 1411 Avenue U in Sheepshead Bay, Brooklyn. The deal closed on May 15, 2024 and was recorded on May 23, 2024. The property has 9,346 square feet of built space and 11,454…
The Lightstone Group alleges that borrowers of a $52 million loan Lightstone Group provided in 2022 and secured by two Garment District buildings at 28 West 36th Street and 32 West 39th Street, have failed to send nearly $500,000 to the correct account. The Lightstone Group alleges losing the income damages the collateral of the loan. Lightstone Group through its affiliated company, Lightstone Capital in…
Manhattan State Supreme Court Justice Melissa Crane on May 21, 2024, signed a judgment of foreclosure and sale of the retail condominium unit at 15 Central Park West, with an alternate address of 1880 Broadway, in Lincoln Square, that has a lien of $132.7 million, according to state court records. The 84,240-square-foot retail condominium unit is owned by a joint venture of Fortress Investment Group,…
Grubb Properties through the entity Carlisle New York Apartments, LLC as borrower signed a refi loan with lender Maxim Capital Group through the entity Maxim Credit Group, LLC valued at $67.5 million for the development site (V1) at 111 Washington Street in Financial District, Manhattan. On the lot, there is one active new building construction project for a 388-unit, 340,376 square-foot R-2 building. The project…
Serabjit Singh Malhotra filed a chapter 11 bankruptcy petition in U.S. Bankruptcy Court in Brooklyn to protect his project at 257 Washington Avenue in Clinton Hill, Brooklyn, from a foreclosure auction. In that foreclosure case, the Valley National Bank note was purchased by an anonymous buyer through the name 257 Wash Note LLC, in care of Wachtel Missry attorney Ralph Dweck. The property is subject to two…
John Quadrozzi Jr. through the entity Gowanus Industrial Park, Inc. as borrower signed a refi loan with lender Elliott Investment Management through the entity Columbia Industrial Capital LLC valued at $53.5 million for four properties including the industrial building (E9) at 685-747 Columbia Street in Red Hook, Brooklyn, industrial building (F1) at 73-02 Amstel Boulevard in Arverne, Queens. The deal closed on April 26, 2024…
The Feil Organization through the entity 488 Madison Avenue Associates LLC as borrower signed a refi loan with lender Deutsche Bank and Morgan Stanley through the entity German American Capital Corporation valued at $100 million for three commercial condominium units that make up the entire office building at 488 Madison Avenue in Midtown East, Manhattan. The deal closed on May 14, 2024 and was recorded…
Hung Henry Koon through the entity 177 Eight, LLC paid $2.2 million to Frank Pietrucha through the entity 144 Nassau Avenue LLC for the three-unit mixed-use building (S3) at 144 Nassau Avenue in Greenpoint, Brooklyn. The deal closed on May 17, 2024 and was recorded on May 22, 2024. The property has 3,657 square feet of built space and 93 square feet of additional air…
Christina Neamonitis through the entity Kalchris Realty LLC paid $2.9 million to Sandra Delapenha through the entity Clinton Commons, LLC for the eight-unit residential walkup building (C1) at 287 Classon Avenue in Bedford Stuyvesant, Brooklyn. The deal closed on May 17, 2024 and was recorded on May 22, 2024. The property has 8,495 square feet of built space according to a PincusCo analysis of city…
The Dame Jillian and Dr. Arthur M. Sackler Foundation for the Arts, Sciences & Humanities paid $4.2 million to the Carlyle Group through the entity 866 Plaza Owner, L.L.C. for two office condominium units at 866 United Nations Plaza in Turtle Bay, Manhattan. The deal closed on May 6, 2024 and was recorded on May 22, 2024. The two properties have 4,107 square feet of…
The Self Reliance (NY) Federal Credit Union through the entity Self Reliance (N.Y.) Federal Credit Union paid $7.4 million to the Women’s Prison Association through the entity Hopper Home LLC for the specialty building (N2) at 110 Second Avenue in East Village, Manhattan. The lender describes itself as “the oldest and largest Ukrainian Credit Union in the world, with over $1 billion in assets.” The…
Blackstone Group through the entity Strategic Partners Real Estate VIII Investments acquired an interest from Goldman Sachs through the entity UIG BSPI Holdco LLC valued at $171.4 million for the two residential bulk condominium units at The Suffolk, at 55 Suffolk Street in the Lower East Side, Manhattan. The building is divided into four commercial condominium units. Blackstone bought its stake in the two residential…
RH Brooklyn Capital, previously using the name Brooklyn North Capital, through the entity RH Downing LLC paid $2.3 million to Leonard Herod for the seven-unit residential walkup building (C5) at 66 Downing Street in Clinton Hill, Brooklyn. The deal closed on May 6, 2024 and was recorded on May 21, 2024. The property has 2,700 square feet of built space and 1,359 square feet of…
