Rockbridge Capital through the entity 59 West 35th Street LLC as borrower signed a refi loan with lender BankUnited valued at $28.5 million for the hotel building (H3) at 57 West 35th Street in Garment District, Manhattan. The deal closed on May 6, 2024 and was recorded on May 13, 2024. The prior lender was PNC Bank which held debt that had an original loan…
EMP Capital Group through the entity 888 Atlantic Property Owner Lp as borrower signed a new construction loan with lender QuadReal Property Group through the entity Qr Real Estate Capital Reit LLC valued at $110 million for the 246-unit project at 870-888 Atlantic Avenue in Prospect Heights, Brooklyn. On the lot, there is one active new building construction project for a 246-unit, residential (R-2) building….
Urban American Management and Brookfield Properties through the entity Bsrep UA 3333 Broadway LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $232.1 million for the 1,193-unit rental building at 3333 Broadway in Harlem, Manhattan. The deal closed on May 1, 2024 and was recorded on May 13, 2024. The prior lender was a commercial mortgage-backed security known as Series 2017-KBF1,…
Anthony Morena’s Mortar Group through the entity 43rd Street MG LLC paid $2.4 million for the six-unit residential walkup building (C2) at 30-93 43rd Street in Astoria, Queens. The deal closed on April 25, 2024 and was recorded on May 13, 2024. The property has 6,300 square feet of built space according to a PincusCo analysis of city data. The sale price per built square…
Nerissa Mongis Go through the entity Avon Towers LLC paid $4.8 million to Payeman Raja through the entity Raja Business, Inc. for the nine-unit residential elevator building (D7) at 87-16 Avon Street in Jamaica Estates, Queens. The deal closed on May 8, 2024 and was recorded on May 13, 2024. The property has 14,298 square feet of built space according to a PincusCo analysis of…
Alexander Hajibay’s Heritage Affordable Communities through the entity Hat Partners LLC paid $8 million to Comunilife through the entity Crotona Avenue Associates, L.P. for the 84-unit residential elevator building (D9) at 950 Jennings Street in East Morrisania, Bronx, the 86-unit residential elevator building (D3) at 2130 Crotona Avenue in Belmont, Bronx, and the 72-unit residential elevator building (D3) at 2111 Hughes Avenue in Belmont, Bronx….
The Boulder, Colorado-based energy storage company Flatiron Energy, through the entity Battery Park Storage LLC signed a contract with Leonard Gold and Stuart Feinstein through the entity Anvoy Associates Of Brooklyn, L.L.C. for four properties, including the industrial building (E1) at 80 19th Street in Greenwood Heights, Brooklyn, industrial building (E1) at 654 3rd Avenue in Greenwood Heights, Brooklyn, and industrial building (E1) at 92…
The entity Sanford Avenue Servicing LLC through the signatory of developer Ken Huang bought a note with an original principal of $9.5 million from Popular Bank secured by Xi Zhao’s 34-unit residential elevator building (D7) at 140-44 Sanford Avenue in Flushing, Queens. On these lots, there is one active new building construction project for a 34-unit, 27,586 square-foot residential (R-2) building. The project was submitted…
Jacob & Co., owned by Jacob Arabo, who is also known as Jacob the Jeweler, through the entity 48 East 57th Street, LLC as borrower signed a refi loan with lender KeyBank valued at $15 million for the office and retail building (O5) at 48 East 57th Street in Midtown East, Manhattan. Arabo was one of the holdouts that developer Harry Macklowe could not convince…
L+M Development Partners through the entity Knickerbocker Village, Inc. as borrower signed an acquisition loan with lender Wells Fargo valued at $90 million for the 1,590-unit residential elevator building (D6) at 10 and 20 Monroe Street in Two Bridges, Manhattan. The deal closed on April 25, 2024 and was recorded on May 10, 2024. The property has 1,396,625 square feet of built space according to…
The London-based crowdfunding platform Bricksave through the entity Bricksave250 LLC paid $3.2 million to Jacob Zicherman through the entity 1329 Hancock LLC for the six-unit residential walkup building (C2) at 1329 Hancock Street in Bushwick, Brooklyn. This is the firm’s first purchase in New York City according to a PincusCo analysis of city records. The deal closed on May 2, 2024 and was recorded on…
Carlyle Group and Greenbrook Partners through the entity Townhouse Rental II, L.L.C. paid $5.5 million to Eden Ashourzadeh and Alon Ashourzadeh through the entity 174 Meserole Partner LLC for the five-unit residential walkup building (C2) at 174 Meserole Street in Williamsburg, Brooklyn. This building is an individual city landmark, the F.J. Berlenbach House. The deal closed on May 9, 2024 and was recorded on May…
The special servicer for a $130 million loan originally given to Cohen Brothers Realty in 2015 and secured by the office tower at 750 Lexington Avenue in Lenox Hill, filed a pre-foreclosure action May 10, 2024, in New York State Supreme Court in Manhattan, alleging that loan was in default. Case LINK Court filings represent the position of one party and are not necessarily accurate…
Nuchem Obstfeld through the entity 70 Wyckoff A LLC paid $12.8 million to Alan Goldman through the entity 70 Wyckoff LLC for the 52-unit residential elevator building (D2) at 70 Wyckoff Avenue in Bushwick, Brooklyn. The deal closed on May 7, 2024 and was recorded on May 10, 2024. The property has 62,075 square feet of built space according to a PincusCo analysis of city…
Robert Cerrone through the entity Newtown Avenue Associates, LLC as borrower signed a new construction loan with lender Preferred Bank valued at $11 million for the 27-unit development at 25-23 Newtown Avenue in Astoria, Queens. On the lot, there is one active new building construction project for a 27-unit residential (R-2) building. The project was submitted by Park Construction Corp. and filed by Robert Cerrone…
UPDATED 9:50 a.m., May 10, 2024: Yossel Lichtman and Chana Lichtman through the entity 161 Lenox LLC as borrower obtained a new construction loan with lender Popular Bank through the entity Popular Bank valued at $34.5 million for the 83-unit development at 161 Lenox Road in Flatbush, Brooklyn. On these lots, there is one active new building construction project for a 63-unit, 47,213 square-foot residential…
Two Trees Management through the entity 45 Main Associates LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $98 million for the office building (O6) at 45 Main Street in DUMBO, Brooklyn. The deal closed on May 2, 2024 and was recorded on May 9, 2024. The prior lender was JPMorgan Chase which held debt that had an original loan amount…
An anonymous buyer based in Roslyn through the entity Ani V Ani LLC paid $3.2 million to Walter & Samuels through the entity 316 Bowery Next Generation LLC for the retail condominium unit at 2 Bleecker Street in NoHo, Manhattan. The deal closed on April 15, 2024 and was recorded on May 9, 2024. The property has 3,431 square feet of built space according to…
Sabet Group paid a total of $11 million to Leonard Eis for adjacent buildings at 60 Second Avenue and 58 Second Avenue in the East Village, Manhattan, in two separate transactions. In the larger transaction, Sabet Group through the entity 60-62 Second Ave LLC paid $6.5 million to Leonard Eis through the entity 60 Second Avenue Corporation for the 24-unit residential elevator building (D9) at…
Terreno Realty Corporation through the entity Terreno Trex I, LLC acquired from Blackstone Group through the entity Bpp Tango Industrial Lf1 Master Holdings LLC valued at $246 million for a portfolio of 21 properties near John F. Kennedy International Airport including the industrial building (E1) at 182-17 150th Avenue, the industrial building (E1) at 179-02 150th Avenue, and the industrial building (E1) at 145-30 157th…
