Lender MassMutual, through the entity Massachusetts Mutual Life Insurance Company, filed a $315 million pre-foreclosure action on May 17, 2024, against RXR Realty and its partners which own the 22-story, 745,312-square-foot office building at 340 Madison Avenue, in the Grand Central neighborhood in Manhattan. The case was filed in the Southern District of New York in Manhattan. The building spans the entire block front of…
Yitzchok Katz of Goose Property Management through the entity 172 Third Ave LLC is in contract to buy from the Elo Organization through the entity Fortune JD LLC LLC the development site at 172 Third Avenue in Gowanus, Brooklyn. The price was not disclosed in the memorandum of contract. The memorandum was finanalized on February 13, 2024 and was recorded on May 16, 2024. The…
Jacob Schwimmer through the entity 488 Broadway Realty LLC paid $4.2 million to Thomas Makkos through the entity Golden D Brand Meat Products Ltd. for the industrial building (F5) at 488 Broadway in Williamsburg, Brooklyn. The deal closed on May 9, 2024 and was recorded on May 16, 2024. The property has 6,201 square feet of built space and 6,216 square feet of additional air…
German investment firm Tatar Holding through the entity Tatar WH LLC paid $14 million to Benchmark Real Estate Group through the entity 41 White LP for the seven-unit residential walkup building (C7) at 41 White Street in Tribeca, Manhattan. The deal closed on May 7, 2024 and was recorded on May 16, 2024. The property has 12,000 square feet of built space and 3,842 square…
Xiao Chu Zhou through the entity Us Ny Group LLC paid $14 million to James Kwang Lee through the entity 82-02 45th Ave. Corp for the retail building (K1) at 45-01 82nd Street in Elmhurst, Queens. Based on the sale price, PincusCo determined this is likely a development site purchase. The deal closed on April 30, 2024 and was recorded on May 16, 2024. The…
Reshape Properties and Starman Holdings through the entity 210 West 10th I LLC paid $19.2 million to Empire Management through the entity Quartz West 10 LLC for the 39-unit residential walkup building (C7) at 208-210 West 10th Street in West Village, Manhattan. The deal closed on May 10, 2024 and was recorded on May 16, 2024. The property has 22,005 square feet of built space…
$9.4M East Williamsburg warehouse pre-foreclosure: Cathay Bank filed a $9.4 million pre-foreclosure against the owner of the warehouse building at 1150 Metropolitan Avenue in East Williamsburg, Brooklyn. Case LINK Court filings represent the position of one party and may not be accurate or complete. The original $12 million loan had a maturity date of May 1, 2024. The lender alleges the loan was not repaid…
A New York State Supreme Court judge ordered a foreclosure auction for the 71,180-square-foot Garment District office building at 29 West 35th Street, which secures a defaulted $41 million loan, in a ruling handed down April 12, 2024, but only published Tuesday in court records. The sale is set to occur within the next six months, but no auction date has been scheduled. The special…
Samco Properties through the entity 104 West 29th Street LLC as borrower signed a initial loan with lender Apple Bank through the entity Apple Bank valued at $11 million for the office building (O6) at 104 West 29th Street in Chelsea, Manhattan. The deal closed on May 9, 2024 and was recorded on May 15, 2024. The property has 121,579 square feet of built space…
Lonicera Partners through the entity Livingston Owner, LLC as borrower signed a refi loan with lender First-Citizens Bank & Trust Company valued at $74 million for the 160-unit residential elevator building (D6) at 308 Livingston Street in Boerum Hill, Brooklyn. The deal closed on May 13, 2024 and was recorded on May 15, 2024. The prior lender was Santander Bank which held debt that had…
Isreal Chaim Hirsch and Chayim Rosenfeld paid $5.75 million to Munire Ture for two industrial buildings that abut one another mid-block, at 21 Montauk Avenue and 22 Milford Street, both in East New York, Brooklyn, in two separate transaction with the same seller. In the larger, Isreal Chaim Hirsch and Chayim Rosenfeld through the entity CYH Montauk Ave LLC paid $3.16 million to Munire Ture…
Comunilife through the entity Comunilife Tiebout Housing Development Fund paid $3.6 million to Cooperman Barnabas Medical Center through the entity St. Barnabas Hospital for the parking lot (G6) at 2444 Tiebout Avenue in Fordham Heights, Bronx. On the lot, there is one active new building construction project for a 83-unit, 55,816 square-foot residential (R-2) building. The project was submitted by Comunilife and filed by Michael…
Alfred Sabetfard’s Sabet Group through the entity 216 E 6 Street LLC paid $5 million to Desiree Kelly through the entity Kellyco LLC for the eight-unit residential walkup building (C7) at 216 East 6th Street in East Village, Manhattan. The deal closed on May 9, 2024 and was recorded on May 15, 2024. The property has 8,840 square feet of built space and 848 square…
Gerald Amerosi Sr. through the entity Jpg Properties LLC paid $5.7 million to Filippo Giuffre through the entity MG 1461 Richmond Road LLC for the retail building (K2) at 1461 Richmond Road in Todt Hill, Staten Island. The deal closed on April 9, 2024 and was recorded on May 15, 2024. The property has 3,486 square feet of built space and 2,495 square feet of…
An anonymous buyer in care of the law firm Hirschen Singer & Epstein through the entity BX Third Ave, LLC, paid $13 million to Rettner Realty and Procida Companies through the entity Bathgate Plaza II LLC for the Wendy’s-leased retail building (K5) at 4040 3rd Avenue in Morrisania, Bronx and BP gas station (G3) at 4056 3rd Avenue in Morrisania, Bronx. The two parcels have…
Battista Marrelli through the entity 8117 Holdings, L.L.C. paid $3.3 million to Eva Mallis through the entity Astoria36 LLC for the seven-unit residential walkup building (C7) at 37-02 31st Avenue in Astoria, Queens. The deal closed on April 30, 2024 and was recorded on May 14, 2024. The property has 5,415 square feet of built space according to a PincusCo analysis of city data. The…
Aric Hausknecht, a medical doctor, through the entity 27e37 Realty Company LLC paid $6.1 million to William Seng through the entity Seng and Son for the five-unit residential walkup building (C2) at 27 East 37th Street in Grand Central, Manhattan. The deal closed on May 9, 2024 and was recorded on May 14, 2024. The property has 6,075 square feet of built space and 3,800…
Yehuda Kohn through the entity 489 Grand Holdings LLC paid $3 million to Pedro Ledesma and Orlando Ledesma for the mixed-use building (S1) at 489 Grand Street in Williamsburg, Brooklyn. Based on the purchase price, PincusCo considers this a development site purchase. The deal closed on April 18, 2024 and was recorded on May 13, 2024. The property has 1,942 square feet of built space…
Victor Sigoura’s Legion Investment Group, one of the city’s most active condo developers, and partner EJS Group, through the entity 5w13 Owner LLC paid $57.5 million to Philips International, Lawland Properties, Arnold Penner Real Estate, and Rhodes Building Management through the entity Friedland W 14 Owner LLC (and others) for the office building (O2) at 8 West 14th Street in Greenwich Village, Manhattan. The building…
LNR Partners as special servicer for a commercial mortgage-backed security, Series 2014-GC19, filed a $30 million pre-foreclosure action against the owner of 134 and 136 West 34th Street, two retail properties in the Garment District neighborhood. The two properties are owned by the Dushey family’s Jenel Management. Case LINK Court filings represent the position of one party and are not necessarily accurate or complete. Retail…
