Transfers

CACHED

Okada & Company pays $16.2M Fruchter family for mixed-use building in Chelsea

Okada & Company through the entity OAC 111 Flatiron, LLC paid $16.2 million to the Fruchter family’s Montauk Rug & Carpet through the entity 111 West 24th Street Associates for mixed-use building (K4) at 111 West 24th Street in Chelsea, Manhattan. The building has been the subject of a 15-year family feud. The deal closed on October 28, 2021 and was recorded on November 18,…

Lonicera pays $16.3M for adjacent buildings in Downtown Brooklyn

Lonicera through the entity Hanover Tower Owner LLC paid $12 million to Matthew Mirones and Steven Mirones through the entity 287 Livingston Street Holdings I, LLC for the mixed-use building (K4) at 287 Livingston Street in Downtown Brooklyn, Brooklyn, and paid $4.3 million to the Mirones through the entity 285 Livingston Aa LLC for the two-unit mixed-use building (S2) at 285 Livingston Street in Downtown…

Herbert Chaves pays $11M to buy out partner Eric Nelson for UES rental once planned for condo

Herbert Chaves through the entity Canal 63, LLC paid $11 million to Eric Nelson through the entity 172 Em Rivington Holdings LLC to buy out a minority stake in the 90-unit rental (D1) at 330 East 63rd Street in Upper East Side, Manhattan. Chaves, Nelson and one-time partner Michael Cohen, the former employee of Donald Trump’s Trump Organization, sought to convert the property to residential…

Thor turns over Hell’s Kitchen retail valued at $10.3M to Trans World Equities affiliate

An affiliate of Trans World Equities through the entity Eft Capital Servicing, LLC acquired from Thor Equities through the entity Thor 725 8th Avenue LLC the mixed-use retail building (K2) at 725 Eighth Avenue in Hell’s Kitchen, Manhattan, valued at $10.3 million. The buyer bought the debt on the property in September 2021, so the transaction appears to be a deed-in-lieu structure. The deal closed…

Downtown Capital pays $9.3M to Elie Fouerti for industrial in East Harlem

Downtown Capital through the entity 2013 3rd Ave Qoz LLC paid $9.3 million to Elie Fouerti through the entity Ak Properties Group LLC for industrial (G2) at 2013 Third Avenue in East Harlem, Manhattan. The deal closed on November 5, 2021 and was recorded on November 18, 2021. The property has 15,600 square feet of built space and 67,827 square feet of additional air rights…

Yong Jie pays $8M for industrial in Elmhurst

Yong Jie through the entity WWJ Group, Inc. paid $8 million to Blanche Weingarten Trust through the entity 82-19 Queens Blvd., Inc. for industrial (E1) at 82-33 Queens Boulevard in Elmhurst, Queens. The deal closed on November 2, 2021 and was recorded on November 18, 2021. The property has 13,418 square feet of built space and 19,187 square feet of additional air rights for a…

Salvatore Gaudio pays $6.8M to Townhouse Management for two rentals in Upper East Side

Salvatore Gaudio through the entity Lms 297 LLC paid $6.8 million to Townhouse Management Company through the entity Mf 300-04 East 81st LLC for 11-unit rental (C7) at 304 East 81st Street in Upper East Side, Manhattan and 10-unit rental (C7) at 300 East 81st Street in Upper East Side, Manhattan. The deal closed on October 28, 2021 and was recorded on November 18, 2021….

Anonymous buyer affiliated with Tri-Star pays $4.8M for rental in Midtown

Portfolio5 LLC, an entity connected to the management firm Tri-Star Equities, paid $4.8 million to Eric Haims, Scott Winter, Melvin Winter, and Douglas Winter through the entity 924 Third Avenue, LLC for eight-unit rental (C7) at 924 3rd Avenue in Midtown, Manhattan. The deal closed on October 21, 2021 and was recorded on November 18, 2021. The property has 8,325 square feet of built space…

Cammeby’s International signs $78.8M in refis with NewPoint in Brooklyn, Queens

Cammeby’s International Group signs $78.8 million in refi loans with NewPoint in Brooklyn and Queens in three separate transactions. In the first, Cammeby’s International Group through the entity Wilshire Apartments Del LLC as borrower signed a refi loan with lender NewPoint through the entity Newpoint Real Estate Capital LLC valued at $28.6 million for two properties including the 217-unit rental (D1) at 182-30 Wexford Terrace…

RoundSquare signs $12.5M construction loan with Maxim Capital in West Village

RoundSquare Development through the entity 107 Th LLC as borrower signed a construction loan with lender Maxim Capital Group through the entity Maxim Credit Group, LLC valued at $12.5 million for the three-unit three-family building (C0) at 107 Bank Street in West Village, Manhattan. The deal closed on September 30, 2021 and was recorded on November 18, 2021. The property has 4,190 square feet of…

Icon, Stellar signs $9.5M refi with New York Community Bank for retail building in East Village

Icon Realty Management and Stellar Management through the entity 130 Second Realty LLC as borrower signed a refi loan with lender New York Community Bank valued at $9.5 million for the retail building (K7) at 130 2nd Avenue in East Village, Manhattan. The deal closed on October 13, 2021 and was recorded on November 18, 2021. The property has 7,200 square feet of built space…

GID Development sells UWS condo for $15.1M

The entity 36b LLC paid $15.1 million to GID Development Group through the entity Rcb3 Residential For Sale LLC for condo (SC) unit 36B at 10 Riverside Blvd in Upper West Side, Manhattan. The deal closed on November 5, 2021 and was recorded on November 18, 2021. The property has 4,134 square feet of built space according to PincusCo analysis of city data. The sale…

Amirian Group pays $11M to Bartle family for mixed-use building in Greenwich Village

Amirian Group through the entity 36 West 11th Street Bh, LLC paid $11 million to the Bartle family for six-unit mixed-use building (S5) at 36 West 11th Street in Greenwich Village, Manhattan. The deal closed on October 8, 2021 and was recorded on November 17, 2021. The property has 4,791 square feet of built space and 205 square feet of additional air rights for a…

Witnick Real Estate Partners pays $7.3M for rental in Midtown

Witnick Real Estate Partners through the entity 238 E 58th Partners LLC paid $7.3 million to L. Craig Lemle through the entity 5 Gl 58th Street, LLC for 22-unit rental (C7) at 238 East 58th Street in Midtown, Manhattan. The deal closed on November 8, 2021 and was recorded on November 17, 2021. The property has 15,532 square feet of built space according to PincusCo…

Bo Jiang pays $7.1M for four properties in Bayside

Bo Jiang through the entity Bayside41, L.L.C. paid $7.1 million to Martin Picone through the entity 214-16 Realty LLC for five-unit mixed-use building (S5) at 214-18 41st Avenue in Bayside, Queens, five-unit mixed-use building (S5) at 214-20 41st Avenue in Bayside, Queens, and retail building (K1) at 214-14 41st Avenue in Bayside, Queens. The deal closed on November 1, 2021 and was recorded on November…

Elie Fouerti pays $4.1M to Downtown Capital Partners for retail building in East Harlem

Elie Fouerti through the entity 2005-2009 3rd Ave Qoz LLC paid $4.1 million to Downtown Capital Partners through the entity Ak Properties Group LLC for retail building (K1) at 2005 Third Avenue in East Harlem, Manhattan. The deal closed on November 5, 2021 and was recorded on November 17, 2021. The property has 5,500 square feet of built space and 35,860 square feet of additional…

Cammeby’s signs $81.45M refi with NewPoint for rental in Brooklyn, Queens

Cammeby’s International Group signed $81.45 million in refinance loans with NewPoint for three rental buildings in Brooklyn and Queens in three separate transactions. These loans are on top of $201.4 million that NewPoint provided to Cammeby’s in deals recorded earlier this week. In the first, Cammeby’s International Group through the entity Southhampton Apartments Del LLC as borrower signed a refi loan with lender NewPoint through…

Related Companies signs $42.7M refi loan with Wells Fargo for 139-unit rental in Chelsea

Related Companies through the entity 529 West 29th LLC as borrower signed a refi loan with lender Wells Fargo valued at $42.7 million for the 139-unit rental condominium unit (CC) at 529 West 29th Street in Chelsea, Manhattan. The deal closed on October 29, 2021 and was recorded on November 17, 2021. The property has 91,483 square feet of built space according to PincusCo analysis…

Wildflower LTD pays down loan from Turner Impact Capital valued at $11.9M for industrial in Hunts Point

Wildflower LTD through the entity Wildflower Ltd III LLC paid off a loan from Turner Impact Capital through the entity Hp Preferred LLC valued at $11.9 million, secured by the industrial (Z9) building at 1340 East Bay Avenue in Hunts Point, Bronx. The deal closed on October 14, 2021 and was recorded on November 17, 2021. The property has 19,200 square feet of built space…

Abro Management signs $40M refi with New York Community for two UWS rentals

Abro Management through the entity 16 East 40 LLC as borrower signed a refi loan with lender New York Community Bank valued at $40 million for two rentals including the 76-unit rental (D3) at 203 West 106th Street in Upper West Side, Manhattan and 76-unit rental (D7) at 209 West 106th Street in Upper West Side, Manhattan. The deal closed on November 9, 2021 and…

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