George Makkos through the entity 67-65 Greene Street, LLC as borrower signed a refi loan with lender Preferred Bank valued at $14 million for two mixed-use properties with seven residential units including the four-unit mixed-use building (S4) at 67 Greene Street in SoHo, Manhattan and three-unit mixed-use building (S9) at 65 Greene Street in SoHo, Manhattan. The deal closed on May 17, 2024 and was…
United American Land through the entity 415 Associates LLC as borrower signed a refi loan with lender Israel Discount Bank valued at $23.5 million for two properties with eight residential units including the mixed-use building (K4) at 296 Canal Street in Tribeca, Manhattan and eight-unit residential walkup building (C7) at 300 Canal Street in Tribeca, Manhattan. The deal closed on May 8, 2024 and was…
Igor Shtarkman through the entity Giv153 LLC paid $2 million to Roman Khaves through the entity Mobile Paradise LLC for the three-unit mixed-use building (S3) at 153 West End Avenue in Manhattan Beach, Brooklyn. The deal closed on May 17, 2024 and was recorded on May 21, 2024. The property has 4,725 square feet of built space and 518 square feet of additional air rights…
Vahe Sahakyan through the entity 2965 Ocean Ave Dev LLC paid $2 million to Steven Murphy through the entity Am 2965 LLC for the retail building (K1) at 2965 Ocean Avenue in Sheepshead Bay, Brooklyn. The deal closed on May 17, 2024 and was recorded on May 21, 2024. The property has 3,700 square feet of built space and 13,104 square feet of additional air…
Carlyle Group and Greenbrook Partners through the entity Townhouse Rental II, L.L.C. paid $3.6 million to Somekh Group through the entity 1228 Putnam LLC for the six-unit residential walkup building (C2) at 1228 Putnam Avenue in Bushwick, Brooklyn. The deal closed on May 15, 2024 and was recorded on May 21, 2024. The property has 4,444 square feet of built space and 601 square feet…
Stillman Development International alleges its nonprofit landlord at the ground leased parcel at 215 West 42nd Street in Times Square is threatening to terminate the long-term lease, even as Stillman is in the middle of a delayed redevelopment. Stillman is seeking to block the lease termination, or alternatively obtain a judgment of $60 million. The New York Post reported last year that the development was…
Popular Bank filed a $6 million pre-foreclosure action against the owner of three Prospect Lefferts Gardens walkups at 305 Clarkson Avenue, 309 Clarkson Avenue and 311 Clarkson Avenue. The complaint alleges the loans are in According to the complaint, the borrower did not make the monthly payment due on December 1, 2023, or any payments after that. “On February 12, 2024, Plaintiff sent another Notice…
The trustee for a $70 million securitized loan filed a pre-foreclosure action against the owners of the Midtown West office building at 25 West 45th Street, alleging multiple defaults. Kenneth Aschendorf’s APF Properties has owned the building since 2000. This is the 18th pre-foreclosure larger than $50 million filed in New York City over the past 12 months, according to a PincusCo analysis of foreclosure…
A buyer through the entity 217 East 30th LLC paid $3.6 million to Stephen M. Samtur through the entity Samtur Enterprises, LLC for the six-unit residential walkup building (C5) at 217 East 30th Street in Kips Bay, Manhattan. The deal closed on May 16, 2024 and was recorded on May 20, 2024. The property has 4,020 square feet of built space and 196 square feet…
Ashraf Palwala of Five Boro Property Management through the entity 2011 Newkirk Avenue LLC paid $3.6 million to Jacob Hager through the entity 2011 Newkirk Equities LLC for the 35-unit residential walkup building (C1) at 2011 Newkirk Avenue in Flatbush, Brooklyn. The deal closed on May 16, 2024 and was recorded on May 20, 2024. The property has 34,300 square feet of built space and…
Moustafa Elsheshtawy through the entity Ascent RE Management LLC paid $6 million to Ilya Ocher through the entity Ocher Realty, LLC for the mixed-use building (K4) at 1 Maspeth Avenue in Williamsburg, Brooklyn. The deal closed on May 15, 2024 and was recorded on May 20, 2024. The property has 8,443 square feet of built space according to a PincusCo analysis of city data. The…
Gilbane Development through the entity Castle Hill Acquisition I LLC paid $11.7 million to Asland Capital Partners and Pembroke through the entity PL MM LLC for the parking lot (G7) at 1931 Lafayette Avenue in Unionport, Bronx. The tax map shows this as a vacant lot, however an agreement of the same date describes it as a 202-unit affordable property. The buyers obtained a $13…
Sam Rubin through the entity 286 Rider Avenue Owner LLC paid $15 million to the entity 286 Rider Ave Acquisition LLC for the vacant parcel (V1) at 286 Rider Avenue in Mott Haven, Bronx. The sellers were investors that paid off a debt of the former owner, Heritage Equity Partners. On this parcel, there was a new building plan filed for a 105-unit, 97,627 square-foot…
Josef Chehebar’s Checo Acquisitions through the entity Checo 476 Columbus LLC paid $14.5 million to Bruce Haley through the entity 472-476 Columbus Ave. LLC for adjacent walkup buildings with a total of 36 units at 472 and 476 Columbus Avenue in the Upper West Side of Manhattan, according documents reviewed by PincusCo. The deal closed on May 20, 2024 and has not been recorded as…
Yehuda Kohn through the entity 180 Pennsylvania LLC as borrower signed a new construction loan with lender Broadview Capital valued at $10 million for developments at parcels including 180, 184 and 186 Pennsylvania Avenue in East New York, Brooklyn. On these lots, there are two active new building construction projects and major alteration projects with initial costs more than $5 million, totaling 32,965 square feet….
An anonymous buyer through the entities 340 Platinum LLC and 342 Platinum LLC, paid $2.5 million to Lisa Parvin adjacent development sites at 340 and 342 Melrose Street in Bushwick, Brooklyn, in two separate transactions. On the 340 Melrose Street parcel, there is a new building construction project for an eight-unit, 6,532 square-foot residential (R-2) building. The project was submitted by Lisa Parvin with plans…
The Lin family through the entity Manhattan Avenue Trophy, LLC paid $3.6 million for the three-unit mixed-use building (S3) at 983 Manhattan Avenue in Greenpoint, Brooklyn. The deal closed on May 1, 2024 and was recorded on May 17, 2024. The property has 3,750 square feet of built space and 6,247 square feet of additional air rights for a total buildable of 9,996 square feet…
Isidoros Sfikas through the entity 172 Audubon Corp. paid $9 million to Robert L. Miller through the entity W. 205 Realty Co., LLC for the 72-unit residential elevator building (D3) at 425 West 205th Street in Inwood, Manhattan. The deal closed on May 14, 2024 and was recorded on May 17, 2024. The property has 77,967 square feet of built space and 1,998 square feet…
An anonymous buyer through the entity 301 West 4th Holdings LLC paid $10 million to DFH Partners through the entity 301 West 4th LLC for the two-unit mixed-use building (S2) at 301 West 4th Street in West Village, Manhattan. The signatory for DFH Partners was a daughter of Michael Fuchs, co-owner of RFR Holdings. The deal closed on May 13, 2024 and was recorded on…
Members of the family that owns the Riverview Center at 70 Broad Street in the Financial District, a five-story, mixed-use office and residential building with approximately 23,000 square feet of space, placed the owner entity in bankruptcy days after a judge ruled in a related federal foreclosure case that the property should be sold at auction. The building, which is an individual city landmark, has…
