Greenbrook Partners through the entity 493 Grand Owner LLC paid $1.5 million to the estate of Pedro Ledesma for the four-unit mixed-use building (S4) at 493 Grand Street in Williamsburg, Brooklyn. The deal closed on April 18, 2024 and was recorded on April 26, 2024. The property has 3,750 square feet of built space and 1,874 square feet of additional air rights for a total…
Catherine Nelson Brown of Brown Companies through the entity Gammon Enterprises, LLC as borrower signed a loan with lender Symetra Life Insurance Company valued at $8 million for the office building (O6) at 461 Park Avenue South in Park Avenue South, Manhattan. The deal closed on April 11, 2024 and was recorded on April 29, 2024. The property has 54,018 square feet of built space…
The Feil Organization through the entity East 11th Holding LLC as borrower signed a refi loan with lender Mutual of Omaha through the entity United of Omaha Life Insurance Company valued at $12.5 million for the retail center (K6) known as Whitestone Plaza at 153-01 10th Avenue in Whitestone, Queens. The deal closed on April 17, 2024 and was recorded on April 29, 2024. The…
Timber Equities through the entity 2460 FDB Lp as borrower signed a construction loan with lender Webster Bank valued at $26.5 million for the property at 2460 Frederick Douglass Boulevard in Harlem, Manhattan. The deal closed on April 17, 2024 and was recorded on April 29, 2024. The owner bought the property on November 18, 2022, for $2.4 million. Joseph Seidenfeld signed for Timber Equities….
Joel Schwartz through the entity 6 Havemeyer Street LLC paid $3.8 million to Paul Henry’s Patoma Inc. through the entity 6 Havemeyer LP for the development site (V1) at 6 and 8 Havemeyer Street in Williamsburg, Brooklyn. The deal closed on April 17, 2024 and was recorded on April 29, 2024. The two properties have zero square feet of built space and 10,056 square feet…
Sunoco through the entity Sunoco Retail LLC paid $4.8 million to the Mannix family through the entity 579 92nd Street LLC for the gas station parcel (G4) at 579 92nd Street in Bay Ridge, Brooklyn. The deal closed on April 23, 2024 and was recorded on April 29, 2024. The property has 1,293 square feet of built space and 9,565 square feet of additional air…
Benchmark Real Estate Group through the entity Benchmark 194 LLC paid $43 million to Skyline Developers through the entity 194 East Second Street, LLC for the 61-unit residential elevator building (D6) at 194 East 2nd Street in Alphabet City, Manhattan. The deal closed on April 22, 2024 and was recorded on April 29, 2024. The property has 77,000 square feet of built space according to…
Bruce Camacho through the entity 247 West Realty Corp. as borrower signed a refi loan with lender Maspeth Federal Savings and Loan Association valued at $7 million for the 24-unit residential elevator building (D8) at 520 Hudson Street in West Village, Manhattan. The deal closed on April 2, 2024 and was recorded on April 26, 2024. The prior lender was Metropolitan Commercial Bank which held…
Sunlight Development Group and Linzhong Zhuo through the entity Main & Northern Partners LLC as borrower signed a refi loan with lender Amerasia Bank valued at $12 million for 40 unsold condominium units units at the 55,542-square-foot building, 134-16 35th Avenue in Flushing, Queens. The deal closed on April 19, 2024 and was recorded on April 26, 2024. The prior lender was iCross Capital which…
Two Bridges Neighborhood Council through the entity Two Bridges Senior Apartments, L.P. as borrower signed a refi loan with lender Merchants Capita valued at $29.6 million for the 109-unit residential elevator building (D9) at 80 Rutgers Slip in the Lower East Side, Manhattan. The deal closed on March 28, 2024 and was recorded on April 26, 2024. The property has 83,904 square feet of built…
Aziz Tareb through the entity 3415 Colden Ave LLC paid $2.2 million to Yaakov Miller through the entity 3415 Colden LLC for the 20-unit residential walkup building (C7) at 3415 Colden Avenue in Williamsbridge, Bronx. The deal closed on April 16, 2024 and was recorded on April 26, 2024. The property has 18,176 square feet of built space according to a PincusCo analysis of city…
AXG Management through the entity AXG Management LLC paid $3.9 million to Firebird Grove through the entity OR 66 Sixth, LLC for the three-unit mixed-use building (K4) at 479 Bergen Street in Prospect Heights, Brooklyn. The deal closed on April 11, 2024 and was recorded on April 26, 2024. The property has 4,606 square feet of built space and 845 square feet of additional air…
Brooklyn Home Company through the entity 426 Holdings, LLC paid $4 million to the estate of Judy Budhram for the four-unit building (C3) at 426 2nd Street in Park Slope, Brooklyn. The deal closed on April 19, 2024 and was recorded on April 26, 2024. The property has 5,340 square feet of built space according to a PincusCo analysis of city data. The sale price…
Gameel Saeidi through the entity Sutphin Ny LLC paid $6 million to Radin Enterprises through the entity Radin Enterprises LLC for the two-unit retail building (K4) at 146-19 Archer Avenue in Jamaica, Queens. The deal closed on April 17, 2024 and was recorded on April 26, 2024. The property has 11,040 square feet of built space and 11,177 square feet of additional air rights for…
Wharton Properties and Midtown Equities through the entity 449 Myrtle Owner LLC sold the one-story retail building (K7) at 449 Myrtle Avenue in Clinton Hill, Brooklyn, for $9.4 million to Peggy Hung Chun Ma through the entity 72nd Street-Broadway Realty Inc. Bank of America occupies the building. The deal closed on April 26, 2024 and was recorded on April 26, 2024. The property has 12,500…
Lender A10 Capital filed a complaint seeking to restrain borrower Serabjit Singh Malhotra from selling or transferring assets in order for the lender to collect on a $31.8 million judgment. Malhotra counters in court filings that he is willing to settle but the lender’s terms are too onerous. A10 Capital states it holds an entirely unsatisfied $31.8 million judgment from 2022 against Malhotra (Brooklyn 521370/2021)…
The senior housing and services nonprofit, the New York Foundation for Senior Citizens is seeking a ruling from a state Supreme Court judge to force a long-vacant Walter & Samuels’ building at the corner of Second Avenue and 96th Street in Yorkville, to take down scaffolding that has been up for years. The New York Foundation for Senior Citizens owns the 26-story 1850 Second Avenue…
Carlyle Group through the entity SS NYC 121st Street, L.L.C. paid $50.3 million to Equity Resource Investments and SNL Storage through the entity SNL XVIII, LLC for the storage building at 87-16 121st Street in Richmond Hill, Queens. This is the fourth of four storage buildings Carlyle Group purchased from Equity Resource Investments and SNL Storage, in a deal totaling $110.4 million. The other properties…
Dora C. Gliagias and Christos Gliagias through the entity Gnva Realty LLC paid $7.2 million to Michael Virgilio through the entity Virgilio Associates LLC for the mixed-use building (K2) at 36-41 Bell Boulevard in Bayside, Queens. The deal closed on April 11, 2024 and was recorded on April 25, 2024. The property has 12,250 square feet of built space according to a PincusCo analysis of…
Poise Property Group, led by Val Katayev and Daniel Kaykov through the entity 55 Eckford St LLC paid $7.2 million at a foreclosure auction for the stalled 26-unit project at 55 Eckford Street in Greenpoint, Brooklyn. The former owners were Xi Hui Wu and Chaim Miller, according to property and court records. A prior owner, David Schwartz of 55 Eckford Street, Brooklyn LLC, submitted a…
