Bahram Hakakian’s Allied Realty & Development through the entity Allied XXXX LLC paid $11 million to Michael Tsoumpas through the entity Tsoumpas 1105 Equities LLC for the 10-unit elevator and retail building at 1105 Lexington Avenue in Lenox Hill, Manhattan. The property was renovated in 2022 and the expected use is cash flowing. The deal closed on October 29, 2024 and was recorded on November…
Nadav Hamo through the entity 515 Dean Street Group LLC as borrower signed a rehab construction loan with California-based lender Genesis Capital through the entity Genesis Capital, LLC valued at $10.2 million for the specialty building (M1) at 515 Dean Street in Prospect Heights, Brooklyn. The deal closed on September 30, 2024 and was recorded on November 6, 2024. The property has 8,400 square feet…
Canon Hospitality Management through the entity Ch Associates XII LLC as borrower signed a acquisition loan with lender Poppy Bank valued at $11.9 million for the hotel building (H3) at 833 39th Street in Sunset Park, Brooklyn. The deal closed on October 1, 2024 and was recorded on November 6, 2024. The prior lender was Berkshire Bank which held debt that had an original loan…
Chaim Wurzberger through the entity 716 E32 Holdings LLC as borrower signed a new construction loan with lender S3 Capital through the entity S3 Re Funding III LLC valued at $16.4 million for two 716 East 32nd Street and 3120 Glenwood Road in East Flatbush, Brooklyn. On these lots, there are two active new building construction projects and major alteration projects with initial costs more…
Icon Realty Management through the entity 300 West 22 Realty LLC as borrower signed a refi loan with lender Starwood Property Trust through the entity Spt Real Estate Capital, LLC valued at $29.3 million for the The Moore Hotel building (H2) at 300 West 22nd Street in Chelsea, Manhattan. The deal closed on October 28, 2024 and was recorded on November 6, 2024. The prior…
UPDATED, 2:55 p.m., November 7, 2024: RFR Holding through the entity Gowanus Owner LLC as borrower signed a refi loan with lender Madison Realty Capital through the entity 175-225 Third Street Lender LLC valued at $82.4 million for three properties including the property at 175 3rd Street and the industrial building (G9) at 225 3rd Street in Gowanus, Brooklyn. This is a mortgage modification, consolidation…
Roza Koyenova through the entity 1436 67 LLC paid $3 million to Ting Zhang, Shu Hua Wu, and Siu Ming Lau through the entity Sls 168 LLC for the retail building (K2) at 1436 67th Street in Bensonhurst, Brooklyn. The expected use is cash flowing. The deal closed on October 7, 2024 and was recorded on November 6, 2024. The property has 7,670 square feet…
Joel Lefkowitz through the entity 1038 Bedford LLC paid $3.1 million to Michael Shah’s Delshah Capital through the entity DS Brooklyn Portfolio Owner LLC for the four-unit mixed-use building (S4) at 1038 Bedford Avenue in Bedford Stuyvesant, Brooklyn. The expected use is cash flowing. The deal closed on October 9, 2024 and was recorded on November 6, 2024. The property has 5,400 square feet of…
The nonprofit Constructive Partnerships Unlimited through the entity CPU 2863 Atlantic Housing Development Fund paid $3.2 million to Sea Breeze General Construction through the entity 2863 Realty LLC for the development building (V1) at 2863 Atlantic Avenue in Cypress Hills, Brooklyn. The expected use is owner-occupied and ground up development. On the lot, there is one active new building construction project, 321968457, for a 56-unit,…
TNT Scrap through the entity 974 Meeker, LLC paid $4.2 million to Greymart Metal Company through the entity Wallabout Metal Company, Inc. for the industrial building (F9) at 974 Meeker Avenue and (G7) 990 Meeker Avenue in Greenpoint, Brooklyn. The expected use is owner-occupied. The deal closed on October 18, 2024 and was recorded on November 6, 2024. The two properties have 4,200 square feet…
L+M Development Partners through the entity MHS8P Investor LLC paid $14.3 million through an entity level sale, not a deed transfer, to Enterprise Community Partners through the entity Enterprise Neighborhood Partners VIII, for nine properties including the 205-unit residential elevator building (D7) at 2411 Fredrick Douglass Boulevard, 187-unit residential walkup building (C1) at 614 West 135th Street, and the 50-unit residential elevator building (D1) at…
UPDATED 11:05 a.m., November 7, 2024: Late last month, Acadia Realty Trust through the entity 109 N 6th Owner LLC paid $18.9 million to London-based MARK Capital Management through the entity MB Americas 109 N. 6th St. LLC for the retail building (K2) at 109 North 6th Street in Williamsburg, Brooklyn. The expected use is cash flowing. This follows Acadia’s $35 million purchase of the…
Jason Green through the entity Green Trout LLC paid $2.2 million to Rex Costello through the entity Wicksounds LLC for the two-unit mixed-use building (S2) at 94 Wilson Avenue in Bushwick, Brooklyn and industrial building (G1) at 199 Troutman Street in Bushwick, Brooklyn. The expected use is cash flowing. The deal closed on October 25, 2024 and was recorded on November 4, 2024. The two…
NY NeuroCare Medical Services through the entity Sapphire Jupiter, LLC paid $2.4 million to Michael Calabrese through the entity 2205 Hylan LLC for the office building (O8) at 2205 Hylan Boulevard in Midland Beach, Staten Island. The expected use is owner-occupied. The deal closed on September 23, 2024 and was recorded on November 4, 2024. The property has 4,400 square feet of built space according…
Tower Real Estate Investments through the entity Landmark Living LLC paid $5 million to King Emmanuel Missionary Baptist Church for the specialty building (M9) at 188 Bainbridge Street, 340 Malcolm X Boulevard and the two-unit mixed-use building (S2) at 344 Malcolm X Boulevard, all in Bedford Stuyvesant, Brooklyn. The expected use is ground up development. On these lots, there is one active new building construction…
Jesse Deutch’s Two80 Real Estate Ventures and Antonios Dagounakis through the entity 712 West 176 Realty LLC paid $6.1 million to Enterprise Asset Management through the entity 712 W 176 LLC for the 40-unit residential walkup building (C1) at 712 West 176th Street in Washington Heights, Manhattan. The expected use is cash flowing. The deal closed on October 30, 2024 and was recorded on November…
The Beijing-based Michelin-awarded restaurant chain Quanjude, through the entity 8162024 LLC by signatory Duo Zhang, paid $14.3 million to the former owner of La Grenouille, Philippe Masson, through the entity 3 E. 52nd St. Corp. for the mixed-use building (K4) at 3 East 52nd Street in Midtown East, Manhattan. The expected use is owner-occupied. The buyers have a website for the new restaurant, but no…
Four months after the government-sponsored entity Fannie Mae filed an $18.3 million pre-foreclosure action against the owner of the 154-unit rental building at 400 Herkimer Street in Bedford Stuyvesant, Brooklyn, the owner placed the property in bankruptcy protection. Property owner Amarbin Ahmed filed the chapter 11 petition October 31, 2024 in the Eastern District of New York U.S. Bankruptcy Court, two days after the court…
Tony Park and the Korean media company MediaWill through the entity 110 West 32nd LLC as borrower signed a rehab construction loan with lender Bank of Hope valued at $20 million for two commercial condominium units that will have 77 residential units, at 115 West 31st Street in Penn Station, Manhattan. The deal closed on October 21, 2024 and was recorded on November 1, 2024….
Brodsky Organization, GFP Real Estate, and Sorgente Group through the entity Flatiron Owner LLC as borrower signed a rehab construction loan with lender Tyko Capital through the entity Flatiron Debt Lender LLC valued at $200 million for the conversion of the office building (O4) at 175 Fifth Avenue in Flatiron District, Manhattan, into a residential and retail condominium building. The developers filed plans in early…
