Transfers

CACHED

Abraham Posner signs contract to buy 20-unit Williamsburg project from Joel Schwartz

Abraham Posner signed a contract to pay an undisclosed amount to developer Joel Schwartz through the entity 104 Frost LLC, for the mid-construction 20-unit project at 104 Frost Street in Williamsburg, Brooklyn. The expected use is cash flowing. Schwartz owns the adjacent development at 98-100 Frost Street. On the lot, there is one active new building construction project, B00735002, for a 20-unit, 13,499 square-foot R-2…

Mohamad Jabakhanji pays $1.6M for mixed-use in Bushwick

Mohamad Jabakhanji through the entity 178weirfield LLC paid $1.6 million to the estate of the late Myrtle Clarke for the two-unit mixed-use building (S2) at 178 Weirfield Street in Bushwick, Brooklyn. The expected use is cash flowing. The deal closed on October 15, 2024 and was recorded on November 1, 2024. The property has 4,400 square feet of built space and 460 square feet of…

Rivky Brach pays $3.7M for mixed-use in Bedford Stuyvesant

Rivky Brach through the entity Myrtle Woods 684 LLC paid $3.7 million to Mordechai Spira through the entity Myrtle 684 LLC for the six-unit mixed-use building (S5) at 684B Myrtle Avenue and the adjacent six-unit mixed-use building (S5) at 684 Myrtle Avenue, both in Bedford Stuyvesant, Brooklyn. The expected use is cash flowing. The deal closed on October 9, 2024 and was recorded on November…

Benedict Realty Group pays $33M to Algin Management for rentals in Elmhurst

Benedict Realty Group paid $33 million to Algin Management for two residential rental buildings at 40-40 79th Street and 56-11 94th Street in Elmhurst, Queens, in two transactions. Benedict Realty Group financed the purchase with a $24.75 million loan originated by CBRE Capital Markets Inc., a lending division of the brokerage CBRE. In the first, Benedict Realty Group, which also uses the acronym BRG, through…

Croman Kips Bay rentals with $34M debt set for auction following bankruptcy

Four Croman Real Estate rentals at 208 to 214 East 25th Street in Kips Bay, Manhattan, with a total judgment of $34 million held by Maverick Real Estate Partners, are set to be sold at auction on November 13, 2024, following the lifting of a stay of bankruptcy, according to a notice of sale filed last month in New York State Supreme Court. An affiliate…

Auction set for 11-unit building with $10.7M judgment, bankruptcy stay lifted

Seven months after the developers of an 11-unit residential building known as the Apollo, at 231 East 123rd Street in East Harlem, Manhattan placed the asset in bankruptcy, the property is set to be sold at a $10.7 million foreclosure auction on November 20, 2024, according to a recent state foreclosure notice of sale. The developers of the building, Alex Halimi and Saul Mazor, placed…

Vipul Patel, partners sign $5.5M refi for hotel in Jamaica

Vipul Patel, Jai Patel, Krishna Mehta, Chandra Mehta, and Jagruti Patel through the entity Pride Hospitality LLC as borrower signed a refi loan with lender New Millennium Bank valued at $5.5 million for the hotel building (H4) at 139-09 Archer Avenue in Jamaica, Queens. The deal closed on May 20, 2024 and was recorded on October 31, 2024. The prior lender was Series 2015-GC28 with…

Dalan signs $9M modification with BankUnited for three properties in Flatiron District

Dalan Real Estate and partner Mark Goldberg through the entity Aw Wgw Tic LLC (and others) as borrower signed a loan modification with lender BankUnited valued at $9 million for three properties with two residential units including the office building (O5) at 60 West 22nd Street, the retail building (K2) at 62 West 22nd Street and the retail building (K4) at 684 Sixth Avenue, all…

Yehuda Reich pays $1.6M to Napier Park for 8-unit walkup in Bushwick

Yehuda Reich through the entity BSD 1216 Putnam LLC paid $1.6 million to Napier Park Global Capital through the entity Lh-Np-Strat Delaware LLC for the eight-unit residential walkup building (C1) at 1216 Putnam Avenue in Bushwick, Brooklyn. The expected use is cash flowing. The deal closed on October 15, 2024 and was recorded on October 31, 2024. The property has 5,194 square feet of built…

Alex Piroozian sells 5-unit walkup in Bedford Stuyvesant for $2.7M

Ahmadu Garba and Jordan Garba paid $2.7 million to Alex Piroozian through the entity Brooklyn NY Rehab Inc. for the five-unit residential walkup building (C2) at 222 Van Buren Street in Bedford Stuyvesant, Brooklyn. The expected use is cash flowing. The deal closed on October 21, 2024 and was recorded on October 31, 2024. The property has 2,280 square feet of built space and 1,520…

Empire Builders Group NY pays $2.8M for 10-unit dev site in South Slope

Empire Builders Group NY through the entity Empire On Seventh LLC paid $2.8 million to Harel Edery’s EDRE Development through the entity 431 Owner, LLC for the 10-unit development site (V1) at 431 7th Avenue in South Slope, Brooklyn. The expected use is ground up development. On the lot, there is one active new building construction project, B00669824, for a 10-unit, 7,339 square-foot R-2 building….

Madison Realty Capital sells 12-unit walkup in Hell’s Kitchen for $5M

The entity 753 Ninth Ave LLC with unknown ownership in care of the law firm Breuer Herskowitz paid $5 million to Madison Realty Capital through the entity 753 9th Ave Owner LLC for the 12-unit residential walkup building (C7) at 753 Ninth Avenue in Hell’s Kitchen, Manhattan. The expected use is cash flowing. The deal closed on October 15, 2024 and was recorded on October…

AbeCo pays $2.1M to Margate Atlantic for mixed-use in Bedford Stuyvesant

AbeCo Organization through the entity 822 Plaza LLC paid $2.1 million to Margate Atlantic Properties through the entity Mbh 822 Broadway LLC for the four-unit mixed-use building (S4) at 822 Broadway in Bedford Stuyvesant, Brooklyn. The deal closed on October 15, 2024 and was recorded on October 30, 2024. The property has 4,169 square feet of built space and 6,676 square feet of additional air…

Pervez Siddiqui pays $2.3M for 19-unit dev site in Brighton Beach

Pervez A. Siddiqui through the entity 238 Ocean View Real Estate LLC paid $2.3 million to Alexander Kogan through the entity 234 Ocean LLC for the development site (V0) at 238 Ocean View Avenue in Brighton Beach, Brooklyn. The expected use is ground up development. On the lot, there is one active new building construction project, B00578743, for a 19-unit, 12,950 square-foot R-2 building. The…

Royal Waste Services pays $6.8M for industrial in Soundview

Royal Waste Services paid $6.8 million to Maria D. Trapani for two industrial parcels in Soundview, the Bronx, in two transactions. In the first, Royal Waste Services through the entity M & P Reali Enterprises, Inc. paid $4 million to Maria D. Trapani through the entity Renato Associates LLC for the industrial building (G2) at 1454-1456 Bruckner Blvd in Soundview, Bronx. The expected use is…

Thomas Anagnostopoulos pays $6M to RockFarmer for community space in Ditmars Steinway

Thomas Anagnostopoulos through the entity Dinami 4 LLC paid $6 million to RockFarmer Properties through the entity Rfc 31 Ccu LLC for the community facility condominium unit at 21-21 31st Street in Ditmars Steinway, Queens. The expected use is cash flowing. The deal closed on September 30, 2024 and was recorded on October 30, 2024. The signatory for RockFarmer Properties was George Michelis. The space…

Joel Teitelbaum, Matt Katz obtain $35M refi for new 82-unit rental in LIC

Joel Teitelbaum and Matt Katz through the entity Jackson Holdings Ny LLC as borrower signed a refi loan with lender Amalgamated Bank valued at $35 million for the newly built 82-unit building at 26-04 Jackson Avenue in Long Island City, Queens. On this lot there was a new building project, Q00582731, for an 82-unit, 71,667 square-foot residential building submitted by Matt Katz with plans filed…

Chess Builders signs $170M refi with MF1 Capital for 218-unit Vinegar Hill rental

Chess Builders through the entity Toe Front Realty LLC as borrower signed a refi loan with lender MF1 Capital through the entity Mf1 Capital LLC valued at $170 million for the 218-unit residential elevator building (D6) at 218 Front Street in Vinegar Hill, Brooklyn. On the lot, there is a new building construction project, B00651570, for a 218-unit, 147,196 square-foot R-2 building. The project was…

Greenbrook Partners pays $2.1M for mixed-use in Williamsburg

Greenbrook Partners through the entity 696 Grand St, LLC paid $2.1 million to William J. Reinhardt through the entity 696 Grand Street LLC for the two-unit mixed-use building (S2) at 696 Grand Street in Williamsburg, Brooklyn. The expected use is cash flowing. The deal closed on October 22, 2024 and was recorded on October 29, 2024. The property has 3,600 square feet of built space…

Tahari, RockSolid, Jake Croman pay $2.5M for 33-unit walkup in East Harlem

Tahari Capital, RockSolid Ventures, and Jake Croman through the entity 323 E 108 LLC paid $2.5 million to Dante Cappi through the entity Fgp 323 LLC for the 33-unit residential walkup building (C7) at 323 East 108th Street in East Harlem, Manhattan. The expected use is cash flowing. The deal closed on October 22, 2024 and was recorded on October 29, 2024. The property has…