Transfers

David Werner, Nightingale Group, Wafra pay $175M to Zurich Insurance for leasehold on 111 Wall Street

David Werner, Nightingale Group and the Kuwaiti sovereign wealth fund Wafra through the entity 111 Wall Holdings LLC paid Zurich Insurance $175 million for the leasehold on 111 Wall Street in Financial District. The deal closed on January 15, 2020, and was recorded on January 16, 2020. The transaction consists of 1 parcel, including the tax class office building tower type with 20 or more…

Tokyo Trust Capital pays $98M to Savanna for property in Soho

Tokyo Trust Capital through the entity Bell Sound USA LLC paid Savanna’s 434 Broadway Property Investors III, LLC $98.3 million for 434 Broadway in Soho. The deal closed on January 15, 2020, and was recorded on January 16, 2020. The transaction consists of 1 parcel, including the tax class office building with commercial with seven to 19 stories (O6). The property is 52,065 square feet….

Healthcare Trust of America pays $12M to EmblemHealth for a clinic in Washington Heights

Healthcare Trust of America through the entity Hta-Washington Heights Mob, LLC paid EmblemHealth’s Health Insurance Plan of Greater New York’s Health Insurance Plan Of Greater New York $11.7 million for 4337 Broadway in Washington Heights. The deal closed on December 31, 2019, and was recorded on January 16, 2020. The transaction consists of 1 parcel, including the tax class health center, child center, clinic (I5)….

Related Companies borrows $375M from Carlyle Group for property in Hudson Yards

Related Companies through the entity eRY North Tower Ob Deck Member LLC as borrower signed a loan agreement with lender Carlyle Group through the entity TCG Senior Funding L.L.C. valued at $375 million for 1 parcel, including the tax class commercial condo recorded in Acris (CC) at 500 West 33rd Street at 30 Hudson Yards. The deal closed on January 14, 2019 and was recorded…

Stuart Podolsky borrows $50M from Signature Bank for hotel in Lenox Hill

Stuart Podolsky through the entity Plaza East Hotel L.L.C. as borrower signed a loan agreement with lender Signature Bank valued at $50 million for 1 parcel, including the tax class boutique hotel 10-100 rooms (HB) at 500 East 62nd Street in Lenox Hill. The deal closed on December 20, 2019 and was recorded on January 16, 2020. The property contains a total of 132,966 square…

Joseph Banda borrows $37M from Bank Leumi for construction in Park Slope

Joseph Banda through the entity Vibes Of One LLC as borrower signed a loan agreement with lender Bank Leumi USA valued at $37.1 million for 262 9th Street in Park Slope. The deal closed on December 30, 2019 and was recorded on January 16, 2020. There has been one new building permit application for the parcel, totaling 57,886 zoning square feet. Those plans include a…

HUBB NYC borrows $28.5M from M&T Bank for multiple properties

HUBB NYC as borrower signed a loan agreement with lender M&T Bank valued at $28.5 million for 6 parcels, including the tax class primarily four family with store or office (S4) at 202 9th Avenue, 131 1st Avenue, 20 East 35th Street, 101 West 87th Street, 155 East 38th Street, and others in Chelsea. The deal closed on December 19, 2019 and was recorded on…

Xiao Ping Chang borrows $26M from S3 Capital for new construction in Astoria

Xiao Ping Chang through the entity 3005 Vernon Blvd Joint Venture LLC as borrower signed a loan agreement with lender S3 Capital valued at $26.0 million for 2 parcels, including the tax class fireproof warehouse (E1) at 30-05 Vernon Boulevard, 43791 Welling Court in Astoria. The deal closed on January 8, 2020 and was recorded on January 16, 2020. The last time the property sold…

Simon Baron Development borrows $23M from Centennial Bank for commercial property in Greenpoint

Simon Baron Development through the entity 12 Franklin Property Co LLC as borrower signed a loan agreement with lender Centennial Bank valued at $22.5 million for 1 parcel, including the tax class miscellaneous (K9) at 12 Franklin Street in Greenpoint. The deal closed on December 24, 2019 and was recorded on January 16, 2020. The property contains a total of 30,260 square feet of built…

Donal O’Sullivan borrows $16M from Signature Bank for commercial condo in Murray Hill

Donal O’Sullivan through the entity 633 3rd Avenue Property Owner LLC as borrower signed a loan agreement with lender Signature Bank valued at $15.5 million for 1 parcel, including the tax class commercial condominium unit (R5) at 633 3rd Avenue in Murray Hill. The deal closed on November 8, 2019 and was recorded on January 16, 2020. The property contains a total of 14,209 square…

Elias Masri borrows $15M from Signature Bank for property in Garment District

Elias Masri through the entity Enki Properties LLC as borrower signed a loan agreement with lender Signature Bank valued at $15.0 million for 3 parcels, including the tax class office building with commercial with one to six stories (O5) at 1024 Avenue Of The Americas, 1026 Avenue Of The Americas, 1032 Avenue Of The Americas in Garment District. The deal closed on January 10, 2020…

Fairstead borrows $14M from Signature Bank for multifamily property in East Village

Fairstead through the entity 81-83 St Marks Realty LLC as borrower signed a loan agreement with lender Signature Bank valued at $14.0 million for 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 24 residential units at 81 St Marks Place in East Village. The deal closed on January 10, 2020 and was recorded on January 16, 2020….

Healthcare Trust of America pays $21M to EmblemHealth for property in Jamaica Estates

Healthcare Trust of America through the entity Hta-Jamaica Estates Mob, LLC paid EmblemHealth’s Health Insurance Plan of Greater New York’s Health Insurance Plan Of Greater New York $20.5 million for 180-05 Hillside Avenue in Jamaica Estates. The deal closed on December 31, 2019, and was recorded on January 15, 2020. The transaction consists of 1 parcel, including the tax class health center, child center, clinic…

David Ennis’s Daten Group pays $17M to Verizon for property in Clinton Hill

David Ennis’s Daten Group through the entity Cad Waverly LLC paid Verizon’s Verizon New York Inc. $17.3 million for 540-554 Waverly Avenue in Clinton Hill. The deal closed on December 18, 2019, and was recorded on January 15, 2020. The transaction consists of 1 parcel, including the tax class not available. The property is square feet. The parcel(s) have total development potential of square feet….

Seagis Property Group pays $15M to Kerns Manufacturing Corp. for property in Sunset Park

Seagis Property Group through the entity Spg 54th Street LLC paid Kerns Manufacturing Corp.’s Riverside Machinery Co., Inc. $15.3 million for 132 54th Street, 5402 2nd Avenue in Sunset Park. The deal closed on January 8, 2020, and was recorded on January 15, 2020. The transaction consists of 5 parcels, including the tax class fireproof warehouse (E1). The parcel(s) have total development potential of 92,315…

George Xu’s Century Development Group pays $13M for industrial property in Long Island City

George Xu’s Century Development Group through the entity 33rd Street Ventures, LLC paid Robyn Freedman, Harold Seligman, Neil Orzeck’s 37-24 33rd Street, LLC $13.0 million for 37-24 33rd Street in Long Island City. The deal closed on January 6, 2020, and was recorded on January 15, 2020. The transaction consists of 1 parcel, including the tax class miscellaneous warehouse (E9). The property is 11,620 square…

Extell Development borrows $400M from Citigroup for property in Clinton

Extell Development through the entity 555 Tenth Avenue LLC as borrower signed a loan agreement with lender Citigroup through the entity Citi Real Estate Funding Inc. valued at $400.0 million for 5 parcels, including the tax class residential condo (multiple) recorded as sold in Acris (MC) and containing 598 residential units at 555 10th Avenue in Clinton. The deal closed on December 12, 2019 and…

Adam America Real Estate, Hampshire Properties borrow $90M from Michael Dell’s MSD Partners for new construction in the Upper West Side

Adam America Real Estate and Hampshire Properties through the entity UWS Aa Bsd LLC as borrower signed a construction loan agreement with lender Michael Dell’s MSD Partners through the entity MSD Pcof Partners X, LLC valued at $90 million for 2463 Broadway in the Upper West Side. The deal closed on December 31, 2019 and was recorded on January 15, 2020. Adam America and Hampshire…

Cornell Realty Management borrows $48M from Popular Bank for multifamily development in Bedford-Stuyvesant

Isaac Hagar’s Cornell Realty Management through the entity Cornell Myrtle LLC as borrower signed a loan agreement with lender Popular Bank valued at $47.9 million for 1 parcel, including a multifamily development with stores (D7) and containing 101 residential units at 946 Myrtle Avenue in Bedford-Stuyvesant. The deal closed on December 30, 2019 and was recorded on January 15, 2020. Madison Realty Capital provided the…

Daten Group borrows $38M from SL Green Realty for construction in Clinton Hill

Daten Group through the entity CAD Waverly LLC as borrower signed a construction loan agreement with lender SL Green Realty through the entity 540 Waverly Funding LLC valued at $38.0 million at 540-554 Waverly Avenue in Clinton Hill. The deal closed on December 18, 2019 and was recorded on January 15, 2020. Over the past five years, there has been one NYC Department of Buildings…

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