Dean Palin through the entity 511 East 80th Street, LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $10.2 million for the 128-unit residential elevator building (D6) at 511 East 80th Street in Yorkville, Manhattan. The deal closed on April 19, 2024 and was recorded on April 22, 2024. The prior lender was JPMorgan Chase which held debt that had an…
Lam Group through the entity Ahsat Holdings LLC as borrower signed a refi loan with lender Bank Hapoalim valued at $41 million for the hotel building (H2) at 216 Duffield Street in Downtown Brooklyn, Brooklyn. The deal closed on April 15, 2024 and was recorded on April 22, 2024. The prior lender was East West Bank which held debt that had an original loan amount…
Beitel Group through the entity 120 East 144 Owner LLC as borrower signed a new construction loan with lender Slate Property Group through the entity Scale 144th Mott Haven LLC valued at $150 million for the industrial building (E1) at 120 East 144th Street in Mott Haven, Bronx. On the lot, there is one active new building construction project for a 452-unit, 306,893 square-foot residential…
Sanjaya Mallick through the entity 2343 Valentine LLC paid $2.1 million to Victor Luciano through the entity 2343 Valentine Real Estate Inc for the 31-unit residential walkup building (C1) at 2343 Valentine Avenue in Fordham Heights, Bronx. The deal closed on April 17, 2024 and was recorded on April 22, 2024. The property has 23,771 square feet of built space and 21,389 square feet of…
Utica Avenue Plumbing Supply through the entity 1368 Utica Avenue Realty, LLC paid $2.3 million to Mount Sinai through the entity Beth Israel Medical Center for the industrial building (E1) at 1368 Utica Avenue in East Flatbush, Brooklyn. The deal closed on April 12, 2024 and was recorded on April 22, 2024. The property has 4,000 square feet of built space according to a PincusCo…
Zhen Bin Wu through the entity 20 Coffey LLC paid $2.7 million to John Seetin and Robert Seetin through the entity Seetin Holding Group LLC for the industrial building (F5) at 20 Coffey Street in Red Hook, Brooklyn. The deal closed on April 9, 2024 and was recorded on April 22, 2024. The property has 5,903 square feet of built space according to a PincusCo…
Greenbrook Partners through the entity 499 Grand St, LLC paid $3.8 million to Yaron Rosenthal and Ilan Rosenthal through the entity 499 Grand Street LLC for the three-unit mixed-use building (S9) at 499 Grand Street in Williamsburg, Brooklyn. The building was subject to a major fire in 2022, the New York Post reported at the time. The deal closed on April 11, 2024 and was…
The entity 18 1st Place, LLC paid $4.7 million to Maria Caridi through the entity Maria Bennici Trust for the two-unit building (B9) at 18 1st Place in Carroll Gardens, Brooklyn. The deal closed on April 1, 2024 and was recorded on April 22, 2024. The property has 4,498 square feet of built space and 1,341 square feet of additional air rights for a total…
Kassin Sabbagh Realty through the entity 99-44 62 LLC paid $5.8 million to the Golyan family through the entity Goylan Enterprises LLC for the 62-unit residential elevator building (D1) at 99-44 62nd Avenue in Rego Park, Queens. The deal closed on April 18, 2024 and was recorded on April 22, 2024. The property has 55,300 square feet of built space according to a PincusCo analysis…
Carlyle Group through the entity SS NYC Utica, L.L.C. paid $14.5 million to Equity Resource Investments and SNL Storage through the entity SNL Orix Utica Avenue, LLC for the industrial building (E7) at 651 Utica Avenue in East Flatbush, Brooklyn. The deal closed on April 12, 2024 and was recorded on April 22, 2024. The property has 35,589 square feet of built space according to…
Developer Robert Saffayeh signed a contract on January 25, 2024, to pay $11.75 million to the Roman Catholic Church for two church buildings with the addresses 211 and 215 East 83rd Street in Yorkville, Manhattan. The broker was AckmanZiff Real Estate Group, according to the contract. The churches that are selling their properties are Roman Catholic Church of Saint Monica, Saint Elizabeth of Hungary and…
Paulin Lumaj through the entity 3066 Buhre Avenue LLC as borrower signed a refi loan with lender Greystone & Co. through the entity Greystone Servicing Company LLC valued at $6 million for the 35-unit residential elevator building (D1) at 3066 Buhre Avenue in Pelham Bay, Bronx. The deal closed on April 12, 2024 and was recorded on April 19, 2024. The prior lender was Metropolitan…
Atlantis Development through the entity 641 E. 223 LLC as borrower signed a refi loan with lender UBS valued at $14.8 million for the 44-unit residential elevator building (D1) at 641 East 223rd Street in Wakefield, Bronx. The deal closed on April 10, 2024 and was recorded on April 19, 2024. The prior lender was NorthEast Community Bank which held debt that had an original…
Salvatore Galofaro through the entity 111 4th Place Realty LLC paid $3.8 million to Philip Castagliola through the entity 4th Place LLC for the 11-unit residential walkup building (C1) at 111 4th Place in Carroll Gardens, Brooklyn. The deal closed on April 16, 2024 and was recorded on April 19, 2024. The property has 8,284 square feet of built space according to a PincusCo analysis…
Yinni Li through the entity Ancestor Blessings No.1 LLC paid $3.6 million to Lawrence J. Gross and Peter Zlotnick through the entity 37-53 82nd Street LLC for the retail building (K2) at 37-53 82nd Street in Jackson Heights, Queens. The deal closed on April 4, 2024 and was recorded on April 19, 2024. The property has 3,400 square feet of built space and 1,460 square…
Zalman Bernstein through the entity 1010 Claremont Village LLC paid $4.3 million to Bruce Miller through the entity Dcsjb Realty Co LLC for the development building (V9) at approximately 506 Weiher Court in Morrisania, Bronx. The deal closed on April 1, 2024 and was recorded on April 19, 2024. The property has zero square feet of built space and 2,442 square feet of additional air…
Property operator Samuel Jacobowitz transferred two Bronx rental buildings with a total of 54 units with a total transfer valuation of $9 million to holders of securitized certificates that Freddie Mac originated in 2017. In the larger, the Freddie Mac affiliate FRESB 2017-SB30 through the entity Fresb 2017-Sb35 1117 Westchester Ave LLC paid $5.2 million to Samuel Jacobowitz through the entity 1117 Westchester Realty LLC…
The entity AMMJ 49th Street LLC paid $5.4 million to Aviran Nachum through the entity Mn 147 Wythe Owner LLC for the mixed-use building (S1) at 147 Wythe Avenue in Williamsburg, Brooklyn. The buyer is affiliated with apparel executive Maurice Setton. The deal closed on April 16, 2024 and was recorded on April 19, 2024. The property has 3,014 square feet of built space and…
Northwell Health’s Staten Island University Hospital paid Ascent Real Estate Advisors through the entity Area Seaview, LLC, $24.9 million for the hospital building (I1) at 501 Seaview Avenue in South Beach, Staten Island. The deal closed on March 28, 2024 and was recorded on April 19, 2024. The property has 48,954 square feet of built space according to a PincusCo analysis of city data. The…
A lender affiliated with the billionaire George Soros, Soros Management Fund, alleges the Eretz Group which owns most of the commercial building 224 West 57th Street in Midtown West, Manhattan, through four commercial condominium units, is in a maturity default of a $145 million loan. The fund filed a pre-foreclosure suit in New York State Supreme Court on April 18, 2024. The Soros Open Society…
