Largest transfer of week was partial interest sale of Samson Management buildings valued at $275.5M

No buyer recorded a traditional commercial deed sale above $2 million last week, highlighting the steep decline in all types of city transfers last week. PincusCo reported on the general decline in an article here, though the cause of the decline was ambiguous. The total value of commercial sale transfers last week was $290.5 million.

The company Eastgold Holdings LLC, made  largest purchase last week. It bought a 52 percent stake in a portfolio of eight Samson Management buildings, with a valuation of $275.5 million. (The article published September 24 was for a portion of the portfolio.)

Samson was founded and is still led by members of the Goldstein family, and the buying and selling entities appear to be members of the family, judging by the names of the companies involved.

The selling entity was Goldstein Properties LLC and the buying entity was Eastgold Holdings LLC, with an address at 420 Lexington Avenue. Michael Goldstein sold a co-op last year, and used as his address Eastgold Holdings at the 420 Lexington Avenue location.

There were only two other transfers above $2 million last week. One was a 99-year lease Stagg Group signed for a parcel in the Bronx and recorded on Friday valued at $7 million; and the other was the purchase by Robert Rosenberg as signatory of property in Riverdale for $7.7 million.
-Adam Pincus