An all-woman Brooklyn Masonic Lodge is seeking New York State court approval to sell a vacant parcel at 441 Willoughby Avenue in Bedford Stuyvesant to developer Tomer Erlich for $4.3 million, but the sale has been delayed because the Attorney General has alleged the property is worth more, and the property has been the subject of a public dispute over the demolition of the 19th…
Hee Nam Bae through the entity City Lights Properties LLC paid $5.5 million to Jason Maalouly through the entity Maalouly Realty Corp. for the retail building (K2) at 2148 3rd Avenue in East Harlem, Manhattan and development building (V1) at 183 East 117th Street in East Harlem, Manhattan. The deal closed on April 25, 2024 and was recorded on May 1, 2024. The two properties…
Ayush Kapahi and Michael Froning’s SKF Development through the entity 6014 BCD Realty LLC as beneficial owner acquired from Atlantis Management Group through the entity 3083 Webster Realty LLC the development site at 3083 Webster Avenue in Norwood, Bronx, in a $7 million transaction. The nominal buyer was 3083 Webster Avenue Housing Development Fund Corp. The deal closed on April 25, 2024 and was recorded…
Li Fang Ruan through the entity Yang Creations LLC paid $9.6 million to a group of tenant-in-common owners including Cjc Cotard LLC for the industrial building (E1) at 20 Anthony Street in East Williamsburg, Brooklyn, specialty building (Z9) at 30 Anthony Street in East Williamsburg, Brooklyn, and specialty building (Z9) at 509 Vandervoort Avenue in East Williamsburg, Brooklyn. The prior signatory for the seller entities…
Bungalow Projects and Bain Capital Real Estate through the entity Nym 145 Wolcott, LLC paid $35.1 million to Four Points through the entity Red Hook Jv LLC for the industrial building (G2) at 63-79 Ferris Street in Red Hook, Brooklyn, industrial building (G7) at 186-196 Conover Street in Red Hook, Brooklyn, and industrial building (G7) at 184 Conover Street in Red Hook, Brooklyn. The deal…
L+M Development Partners through the entity KV Owner LLC paid Stellar Management through the entity Kvi Holdings LLC $84.6 million for control of the 1590-unit historic affordable housing development built in 1934 known as Knickerbocker Village, an elevator complex (D6) at 10-20 Monroe Street in Two Bridges, Manhattan. The deal closed on April 25, 2024 and was recorded on May 1, 2024. The property has…
UPDATED, 6:15 a.m., May 2, 2024: Principal Real Estate Investors turned over the 311,501-square-foot office building 1370 Sixth Avenue in Midtown West, Manhattan, to Barings, an asset manager and subsidiary of MassMutual Financial Group, in a deed-in-lieu of foreclosure transfer valued at $160.98 million. That figure is $10.98 million more than the amount Principal borrowed from MassMutual in 2014. MassMutual through its Massachusetts Life Insurance…
David Lifschitz’s Gehr Group through the entity Times Square Hospitality II, LLC as borrower signed a refi with lender MidFirst Bank valued at $18.2 million for the hotel building (H2) at 330 West 40th Street in Garment District, Manhattan. The hotel operating in the building is the Fairfield Inn & Suites by Marriott New York Manhattan/Times Square. This Gehr Group entity controls the property though…
Heatherwood Luxury Rentals through the entity 544 Union DE LLC as borrower signed a refi loan with lender Walker & Dunlop valued at $33.2 million for the 95-unit residential elevator building (D6) at 544 Union Avenue in Williamsburg, Brooklyn. The deal closed on April 26, 2024 and was recorded on April 30, 2024. The prior lender was a securitized entity with the name Series 2015-K43…
United Construction & Development Group through the entity Archer Ave Realty De, LLC as borrower signed a refi loan with lender State Bank of Texas valued at $52.2 million for the hotel building (H2) at 148-22 Archer Avenue in Jamaica, Queens. The deal closed on April 8, 2024 and was recorded on April 30, 2024. The prior lender was Acore Capital which held construction debt…
Carlyle Group through the entity SS NYC 121st Street, L.L.C. (and others) as borrower signed an acquisition loan with lender Prudential Financial through the entity the Prudential Insurance Company of America valued at $83 million for four industrial properties including the industrial building (E7) at 87-16 121st Street in Richmond Hill, Queens, industrial building (E7) at 145 18th Street in Greenwood Heights, Brooklyn, and industrial…
Hudson Companies through the entity Hudson Cornell Tech LLC as borrower signed a refi loan with lender Cornell University through the entity Cornell University valued at $97.5 million for the student and teacher housing building with 352 residential units at 1 East Loop Road in Roosevelt Island, Manhattan. The dormitory building is divided into two condominium units, one with the residential units and one covering…
Gabriel Huerta through the entity One Fourteen Adelphi LLC paid $1.6 million to Iskyo Aronov through the entity 114 Ad Inc. for the development site (V0) at 114 Adelphi Street in Fort Greene, Brooklyn. The deal closed on April 22, 2024 and was recorded on April 30, 2024. The property has zero square feet of built space and 4,998 square feet of additional air rights…
Zhi Xiang Lin through the entity 877 Grand Street LLC paid $2.6 million to Alphonse Milo through the entity 879 Grand Street LLC for the office building (O5) at 879 Grand Street in East Williamsburg, Brooklyn. The deal closed on April 17, 2024 and was recorded on April 30, 2024. The property has 4,875 square feet of built space and 2,623 square feet of additional…
Construction suppliers Thomas Corbett and Kimberly Corbett through the entity North Shore Property SI, LLC paid $13.8 million to Joseph Misseri through the entity Staten Island Holdings, LLC for the office building (O5) at 2541 Richmond Terrace in Mariners Harbor, Staten Island, industrial building (G9) at 2537 Richmond Terrace in Mariners Harbor, Staten Island, and two other adjacent properties. The deal closed on March 28,…
$23.4M Thor Meatpacking retail foreclosure auction set: A foreclosure auction for the retail building at 446 West 14th Street in the Meatpacking District that Thor Equities bought in 2007 for $23.4 million was set for July 17, 2024, court records show. The auction date is 18 months after Maverick Real Estate Partners, a lender and active loan buyer, bought the defaulted note in November 2022…
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….
