Weekly summary: $576M in sales, $1.48B in loans, low development, 11 court actions
Summary Last week, recorded commercial sales totaled $576 million (of transactions of $500,000 and up),
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Congregation Beis Shulim pays $1.6M to Yoel Goldman affiliate for religious building in Borough Park
Congregation Beis Shulim paid $1.6 million to a Yoel Goldman affiliate through the entity Kent
Quadrum signs $126M construction loan with Madison Realty for 173-unit project in Greenpoint
Quadrum Global through the entity Qbdk Huron, LLC as borrower signed a new construction loan
Xiao Ke Tang signs $29.5M refi loan with New York Community Bank for elevator rental in Maspeth
Xiao Ke Tang through the entity Jj Queens Development LLC as borrower signed a refi
Samuel Palace pays $4.9M to Witnick for two walkups in Crown Heights
Samuel Palace through the entity 1308-14 Eastern Realty LLC paid $4.9 million to Witnick Real
CW Realty files plans for 82-unit mixed-use building in LIC
Cheskie Weisz’s CW Realty, on December 9, filed a permit application for construction of an
Empire Hotel Group signs $11.8M refi with First Republic for hotel in Upper West Side
Empire Hotel Group through the entity Rjmd Associated Lp as borrower signed a refi loan
Park Tower Group sells stake to partner Brookfield in Greenpoint sites, with transfer valued at $226M
By Adam Pincus The Midtown-based Park Tower Group sold stakes valued for tax purposes at