Transfers

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Chaim Abramson signs $13M refi loan with Signature Bank for four properties in Bronx

Chaim Abramson through the entity 1145 Clay Avenue Realty LLC as borrower signed a refi loan with lender Signature Bank valued at $13 million for four properties including the 38-unit residential walkup building at 50 East 172nd Street in Mt Eden, Bronx, 42-unit residential walkup building at 1145 Clay Avenue in Concourse Village, Bronx, and midblock 27-unit residential walkup building at 452 East 187th Street…

United Construction & Development signs $20M refi loan with First Commercial Bank for three properties in Jamaica

United Construction & Development Group and Ping Yeung through the entity Queens Blvd Estate LLC as borrower signed a refi loan with lender First Commercial Bank valued at $20 million for three condo units in the property at 140-35 Queens Boulevard in Jamaica, Queens. The deal closed on April 29, 2022 and was recorded on May 20, 2022. The signatory for United Construction & Development…

Centers Health Care affiliate, Daryl Hagler pay $26.4M to Brickman for two industrial properties in Astoria

A Centers Health Care affiliate and Daryl Hagler through the entity 35-11 9th LLC paid $26.4 million to Brickman through the entity Brickman Cigar Factory LLC for the industrial building at 35-11 9th Street in Astoria, Queens and midblock industrial building at 3531 9th Street in Astoria, Queens. The deal closed on May 5, 2022 and was recorded on May 20, 2022. The two properties…

Midwood Investment pays $102M to BlackRock for residential elevator in West Village

Midwood Investment & Development through the entity Jopep LLC paid $102 million to BlackRock through the entity 56 7th Avenue, LLC for midblock 159-unit residential elevator building at 56 7th Avenue in West Village, Manhattan. The deal closed on May 10, 2022 and was recorded on May 20, 2022. The property has 142,204 square feet of built space according to PincusCo analysis of city data….

Haven Capital pays $107.4M to Cheskel Schwimmer for three properties in Mott Haven

Haven Capital through the entity Haven Propco I Arches LLC paid $107.4 million to Cheskel Schwimmer and his Chess Builders through the entity Deegan 135 Realty LLC for property at 224-228 East 135th Street in Mott Haven, Bronx, property at 224-228 East 135th Street in Mott Haven, Bronx, and property at 224-228 East 135th Street in Mott Haven, Bronx. The deal closed on April 28,…

Courts roundup: SL Green wins $185M from HNA related to 245 Park; $13.6M Bronx pre-foreclosure

SL Green wins $185.4M award over HNA Group at 245 Park Avenue: SL Green Realty won a $185.4 million award through arbitration with the owners of 245 Park Avenue, an affiliate of the HNA Group, the beleaguered Chinese conglomerate which owns the 1.78-million-square-foot Plaza District trophy tower. SL Green claims in a court fling that it won the award on May 5, based on a…

Ross Morgan pays $5.7M for mixed-use in Lower East Side

Ross James Morgan through the entity 187 East Broadway LLC paid $5.7 million to Helen Hong through the entity Wc&J Inc for the midblock three-unit mixed-use building at 187 East Broadway in the Lower East Side, Manhattan. The deal closed on May 6, 2022 and was recorded on May 19, 2022. The property has 5,696 square feet of built space and 1,036 square feet of…

Aetna Realty pays $10M for three properties in Hell’s Kitchen

Aetna Realty paid $10 million to AAG Management through the entity Monet Fiftieth Realty Corp. for midblock 12-unit residential walkup building at 731 9th Avenue in Hell’s Kitchen, Manhattan, midblock two-unit mixed-use building at 404 West 50th Street in Hell’s Kitchen, Manhattan, and four-unit property at 729 9th Avenue in Hell’s Kitchen, Manhattan.The deal closed on May 10, 2022 and was recorded on May 19,…

JTRE in contract to buy Broadway retail facing Macy’s for $12M: sources

Jack Terzi’s JTRE Holdings signed a contract this week to buy the retail building at 958 Sixth Avenue that has an alternate address of 1330 Broadway, for $12 million, according to sources. The five-story building is owned by SCG Retail II LLC and for about a decade was occupied by Spanish retailer Desigual. The building is a holdout parcel on a lot just 18 feet…

Premier Equities in contract to buy 18K retail, catty-corner from Bloomingdale’s

Premier Equities signed a contract this month to buy the 18,186-square-foot retail condominium from Centurion Real Estate Partners and Singapore-based Alpha Investment Partners at the newly built residential condominium building 200 East 59th Street, at the corner of Third Avenue. Premier made a deposit of $2 million toward the purchase, according to city records. The sale price was not disclosed. The property is catty-corner from…

Baruch Singer signs $92M construction loan with Parkview Financial for office project in Midwood

Baruch Singer through the entity Triangle 613, LLC as borrower signed a new construction loan with lender Parkview Financial through the entity Parkview Financial Reit, Lp valued at $92 million for the office project at 1508 Coney Island Avenue in Midwood, Brooklyn. The deal closed on April 28, 2022 and was recorded on May 18, 2022. The prior lender was Vernon Capital Funding and Valley…

Rockrose signs $240M construction loan with Wells Fargo for 609-unit project in Fort Greene

Rockrose Development through the entity Ashland Dekalb LLC as borrower signed a new construction loan with lender Wells Fargo valued at $240 million for the 609-unit rental development at 180 Ashland Place in Fort Greene, Brooklyn. The deal closed on May 4, 2022 and was recorded on May 18, 2022. The owner bought the property on April 16, 2020, for $62 million. The signatory for…

Thomas Ng pays $2.9M for mixed-use new development in Long Island City

Thomas Ng through the entity Vernon 46 LLC paid $2.9 million to Eileen L. Casson through the entity Vernon 4640 LLC for midblock six-unit mixed-use building at 46-40 Vernon Boulevard in Long Island City, Queens. The deal closed on May 5, 2022 and was recorded on May 18, 2022. The property has 7,822 square feet of built space according to PincusCo analysis of city data….

Xiao Ke Tang pays $3.2M for Sunnyside dev site with plans for 27 units

Xiao Ke Tang through the entity 43-25 52 LLC paid $3.2 million to Gabriel Blau and Joshua Deutsch through the entity Gabriel Blau 2012 Irrevocable Trust for the midblock specialty building at 43-25 52nd Street in Sunnyside, Queens. The deal closed on May 6, 2022 and was recorded on May 18, 2022. The property has 10,000 square feet of built space and 10,000 square feet…

Retail, mixed-use sell for $5M in Harlem adjacent to Exact Capital’s 72-unit project

The entity 222-226 W 145th Street NYC LLC paid $5 million to Claire Klausner through the entity Dojibak, LLC for the midblock retail building at 222 West 145th Street and the mixed-use building at 226 West 145th Street in Harlem, Manhattan. The properties are adjacent to a large development site at 210 West 145th Street, where Exact Capital Group filed plans in 2017 to build…

Anthony Ventura pays $7.8M for two residential walkup properties in Yorkville

Anthony Ventura through the entity 315 317 E 89 LLC paid $7.8 million to John J. Curreri through the entity John V. Third Realty Corp. for midblock 11-unit residential walkup building at 317 East 89th Street in Yorkville, Manhattan and midblock 11-unit residential walkup building at 315 East 89th Street in Yorkville, Manhattan. The deal closed on March 28, 2022 and was recorded on May…

Storage Post pays $61M to Keepers Self Storage for industrial in Alphabet City

Storage Post through the entity Storage Post/444 East 10th Street, LLC paid $61 million to Keepers Self Storage through the entity 444 Warehouse Associates, L.P. for the midblock industrial building at 444 East 10th Street in Alphabet City, Manhattan. The deal closed on April 25, 2022 and was recorded on May 18, 2022. The property has 92,470 square feet of built space according to PincusCo…

Conway Capital pays $3M for 6-unit Greenpoint walkup

Abe Cohen’s Conway Capital purchased a six-unit walkup building at 60 Diamond Street in Greenpoint for $3.026 million on May 10, 2022, according to a representative for the buyer. The sale has not yet been recorded. The seller was Gregg Bonomi through the entity Diano Diamond LLC. The three-story, 4,500 square foot building was built in 1931. According to a spokesperson for the buyer, it…

Jacob Schwimmer signs ground lease valued at $15M in Gowanus at site where 92 units planned

Jacob Schwimmer as tenant through the entity 159 Third Realty LLC signed a ground lease valued at $15 million with landlord George Macchia for the midblock industrial building at 159 3rd Avenue in Gowanus, Brooklyn. Plans for a 92-unit building were filed in February by the entity 159 Third Residence LLC. The deal closed on May 2, 2022 and was recorded on May 18, 2022….

Hines lends $10M to MDE Property Group for mixed-use retail in West Village

MDE Property Group through the entity 684 Greenwich Owners LLC as borrower signed a refi loan with lender Hines through the entity Hines Realty Income Reit LLC valued at $10 million for the four-unit plus retail property at 684 Greenwich Street in West Village, Manhattan. The deal closed on May 6, 2022 and was recorded on May 17, 2022. The prior lender was Wells Fargo…

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