Transfers

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$10M pre-foreclosure filed at Yoel Goldman building

An anonymous lending through the company Southeast Debt LLC filed a pre-foreclosure action against the 41-unit Williamsburg, Brooklyn, rental building at 188 South 3rd Street that was security for a $10 million loan Yoel Goldman signed for in 2017. LINK The original lender Customers Bank sold the note to Kawa Capital Solutions, and Kawa sold it to Southeast Debt LLC on March 3, 2022. Court…

Waterfall Asset Management buys $145M note secured by dorm in Carnegie Hill

Waterfall Asset Management through the entity Wf Htmf 2021 1 LLC bought a note with an original principal of $145 million from HSBC Bank secured by 60 Guilders and RCG Longview’s dormitory building (W8) at 1760 Third Avenue in Carnegie Hill, Manhattan. 60 Guilders and RCG Longview bought the dorm in 2019 for $212.5 million, The Real Deal reported at the time. The note sale…

Residential Management (NY) signs $7.5M refi for 114-unit rental in Morris Heights

Residential Management (NY) through the entity Cm 1571 Undercliff LLC as borrower signed a loan with lender Santander Bank valued at $7.5 million for the 114-unit residential elevator building (D1) at 1571 Undercliff Avenue in Morris Heights, Bronx. The deal closed on July 26, 2022 and was recorded on August 15, 2022. The property has 132,600 square feet of built space and 129,499 square feet…

Burke Leighton Group pays $2.1M to Dime for bank building in Midwood

Samuel Matalon’s Burke Leighton Group through the entity 1600 Avenue M Partners LLC paid $2.1 million to Dime Community Bank for the office building (O2) at 1600 Avenue M in Midwood, Brooklyn. The deal closed on August 8, 2022 and was recorded on August 15, 2022. The property has 3,800 square feet of built space and 4,200 square feet of additional air rights for a…

5-unit walkup in Upper West Side sells for $4.4M

Alex Lein through the entity Pebble Lane Group LLC paid $4.4 million to Karl Slovin through the entity 65 West 83rd Street LLC for the five-unit residential walkup building (C2) at 65 West 83rd Street in the Upper West Side, Manhattan. The deal closed on August 4, 2022 and was recorded on August 15, 2022. The property has 5,070 square feet of built space and…

Monarch Charitable Foundation pays $4.8M for office condo in Hudson Square

The Monarch Charitable Foundation paid $4.8 million to Scott Hollander and John W. Sutter through the entity Canal Street Associates LLC for the office condo at 479 Greenwich Street in Hudson Square, Manhattan. The deal closed on August 1, 2022 and was recorded on August 15, 2022. The property has 6,414 square feet of built space according to PincusCo analysis of city data. The sale…

Alchemy Ventures pays $17.6M to Alcion Ventures, second of two-part sale totaling $36M

Alchemy Ventures pays $17.62 million to Alcion Ventures, in the second batch of sales for a nine-building portfolio. The total sale price over all nine properties was $36 million. Yesterday PincusCo reported on the first batch of sales, totaling $18.37 million. The four properties with 49 units sold for a combined $17.62 million and were acquired for $13.5 million as part of $30.4 million total…

Noam Shemel signs 99-year ground lease valued at $10.2M at two mixed-use properties in Chelsea

Noam Shemel through the entity Kasin West Chelsea, LLC as tenant signed a 99-year ground lease valued at $10.2 million with Patrick McElhone of Houston Street Capital Partners through the entity Grendel Co. as landlord for three-unit mixed-use building (S3) at 132 West 23rd Street in Chelsea, Manhattan and three-unit mixed-use building (S3) at 134 West 23rd Street in Chelsea, Manhattan. The deal closed on…

Owner of iconic Gallaghers Steakhouse pays $11.75M for 50% share in building it occupies

Dean Poll, the owner of the iconic Gallaghers Steakhouse, through the entity 228 West 52nd Street LLC, paid $11.75 million to Marlene Brody through the entity Gallagher’s Stud, Inc. for a 50 percent stake in the ownership of the mixed-use building (K4) at 228 West 52nd Street in Midtown West, Manhattan. The fee is owned through a tenant-in-common structure with several other parties. The deal…

Prime Finance pays $5.7M to Sheindy Grunhut for three walkups in Concourse Village

Prime Finance, an affiliate of Prime Group, through the entity PFSS Findlay Estates, LLC paid $5.7 million to a foreclosed on Sheindy Grunhut entity for the nine-unit residential walkup building (C1) at c in Concourse Village, Bronx, nine-unit residential walkup building (C1) at 1060 Findlay Avenue in Concourse Village, Bronx, and nine-unit residential walkup building (C1) at 1064 Findlay Avenue in Concourse Village, Bronx. The…

City Skyline pays $7.5M to East Coast Holdings for three walkups in East Harlem

City Skyline Realty through the entity 318-322 East 126 LLC paid $7.5 million to East Coast Holdings through the entity 318-324 126th LLC for 28-unit residential walkup building (C7) at 322 East 126th Street in East Harlem, Manhattan, 20-unit residential walkup building (C4) at 320 East 126th Street in East Harlem, Manhattan, and 20-unit residential walkup building (C4) at 318 East 126th Street in East…

Firebird Grove pays $7.9M to Robert Pollock for mixed-use in Fort Greene

Firebird Grove through the entity 96 E Pl Realty, LLC paid $7.9 million to Robert Pollock through the entity 96 South Elliott Place, LLC for the five-unit mixed-use building (S9) at 662 Fulton Street in Fort Greene, Brooklyn. The deal closed on August 4, 2022 and was recorded on August 12, 2022. The property has 9,960 square feet of built space and 926 square feet…

Alchemy Ventures pays $18.4M to Alcion Ventures for 5 Brooklyn walkups with 62 units

Alchemy Ventures paid $18.37 million to buy out partner Alcion Ventures at 5 Brooklyn walkups with 62 units in four separate transactions. Alchemy was a joint venture partner with Alcion and it was not known what its stake was before the sale. Alcion and Alchemy as a joint venture sought to sell a nine-building portfolio including these five, for $50 million in 2019, noting it…

Manocherian Brothers, Aria Development pay $20M to Delshah Capital for Lenox Hill building

The Manocherian Brothers and Aria Development Group through the entity Supreme Company I LLC paid a total of $20 million to Delshah Capital in three separate transactions for 28 residential condominium units, one retail condo unit and air rights. In the residential transaction, The Manocherian Brothers and Aria Development Group through the entity Supreme Company I LLC paid $9 million to Delshah Capital through the…

Westhab pays $13.2M to Slate Property Group for dev site in Rego Park

Affordable developer Westhab through the entity 92-54 QB Housing Development Fund Corporation paid $13.2 million to Slate Property Group through the entity 92-54 Propco LLC for development site (V1) at 92-54 Queens Boulevard in Rego Park, Queens. The deal closed on August 3, 2022 and was recorded on August 12, 2022. The property has zero square feet of built space and 42,277 square feet of…

LA owners put landmarked 130 Bowery with $12M loan into bankruptcy before trial

The Los Angeles-based owners of the landmarked former Bowery Savings Bank building at 130 Bowery in Chinatown into bankruptcy just before a foreclosure trial over the defaulted $12 million was about to start this week. Michael Marvisi, who owns the property with his brother David Marvisi, signed the bankruptcy petition filed in Manhattan on Friday. The Marvisis through the entity 130 Bowery Acquisition LLC bought…

Trans World Equities is new lender for $37M loan given to Lonicera Partners to buy Downtown Brooklyn site

Trans World Equities through the entity 100 Equities Associates, LLC bought a note with an original principal of $37 million from Investment Property Exchange Services secured by Lonicera Partners’s 290-unit development at 55 Willoughby Street in Downtown Brooklyn, Brooklyn. The deal closed on July 28, 2022 and was recorded on August 11, 2022. The prior lender was Investment Property Exchange Services which held debt that…

Benzion Reifer, Mordechai Getz sign $19M refi for office development in Bed Stuy

Benzion Reifer and Mordechai Getz through the entity 886 Broadway LLC as borrower signed a refi loan with lender Signature Bank valued at $19 million for the development building (V1) at 886-892 Broadway in Bed Stuy, Brooklyn. The deal closed on July 29, 2022 and was recorded on August 11, 2022. Benzion Reifer filed plans for a 47,743-square-foot office (B) building. The owner bought the…

Related signs $24M rehab construction loan with Citizens Bank for commercial building in Long Island City

Related Companies through the entity 3202 Queens Blvd Owner, LLC as borrower signed a rehab construction loan with lender Citizens Bank valued at $24 million for 32-02 Queens Boulevard in Long Island City, Queens. The building is divided into four commercial condominiums. Related bought the building on July 28, 2022, for $61 million. The deal closed on July 28, 2022 and was recorded on August…

United Developers pays $4M for development site with 101-unit plans in Arverne

United Developers through the entity UBC 126 LLC paid $4 million to Brad Goodman through the entity Channel Holding Co., Inc. for a development site composed of the gas station (G4) at 59-14 Beach Channel Drive and industrial building (G7) on Beach Channel Drive in Arverne, Queens. The deal closed on July 18, 2022 and was recorded on August 11, 2022. The two properties have…

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