Transfers

Gottesman family pays $4.6M tax to shuffle ownership of $1.1B NYC portfolio

A group of Gottesman family trusts transferred their interests to other entities affiliated with the family, according to 23 filings recorded Friday that had a total value of $1.1 billion.. All the owner entities before and after the transfer had an address at the offices of Edison Properties in New Jersey. The total tax was $4.6 million, comprised of $3.7 million paid to the city…

Courts roundup: All Year alleges bogus transfer, Radiant to pay $6.5M for rentals, more

Yoel Goldman’s All Year Management alleges in a lawsuit filed Friday that a partner on a portfolio of buildings in Brooklyn that have $18.5 million of first lien mortgages improperly transferred title to himself. The suit identifies properties such as 643 Franklin Avenue. The suit identified the person who took title as Zoltan Berkowitz. LINK Radiant Properties has signed a contract to pay $6.5 million…

Delshah Capital pays $24.3M to 761 Partnership for property in Midtown West

Delshah Capital through the entity DS 761 Seventh Avenue LLC paid 761 Partnership’s 761 Partnership $24.3 million for 761 7th Avenue in Midtown West. The deal closed on February 16, 2021 and was recorded on March 5, 2021. The transaction consists of 1 parcel, including the tax class retail condominium (RK). The property is 24,995 square feet. The parcel(s) have total development potential of 24,995…

United American Land pays $23.2M to Sisters of St. Joseph for property in Downtown Brooklyn

The Laboz family’s United American Land through the entity 80 Willoughby LLC paid Sisters of St. Joseph $23.2 million for 80 Willoughby Street in Brooklyn Heights. The deal closed on February 25, 2021 and was recorded on March 5, 2021. The transaction consists of 1 parcel, including the tax class parochial schools, yeshivas (W2). The property is 60,500 square feet. The average sale price per…

Extell gets $105M condo inventory loan from Blackstone for property in Yorkville

Extell Development through the entity 95th And Third LLC as borrower signed a loan agreement with lender Blackstone Group through the entity Breds Iv Loan Holdings L.L.C. valued at $105 million for 49 parcels, including the tax class high-rise condominium apartment/elevated, residential unit (R4) and containing 49 residential units at 200 East 95th Street in Yorkville. The deal closed on February 24, 2021 and was…

Torkian Group borrows $32M from Bank Leumi for property in Financial District

Torkian Group through the entity 110 Greenwich I LLC as borrower signed a loan agreement with lender Bank Leumi Usa valued at $32 million for 1 parcel, including the tax class multifamily, luxury type (D8) and containing 60 residential units at 110 Greenwich Street in Financial District. The deal closed on February 25, 2021 and was recorded on March 5, 2021. The property contains a…

Parkoff Organization borrows $26.7M from New York Community for office property in Plaza District

Parkoff Organization through the entity 661 Assets LLC as borrower signed a loan agreement with lender New York Community Bank valued at $26.7 million for 1 parcel, including the tax class office building with commercial with seven to 19 stories (O6) at 661 Lexington Avenue in Plaza District. The deal closed on December 1, 2020 and was recorded on March 5, 2021. The property contains…

United American Land borrows $25.2M from Sterling National to buy property in Downtown Brooklyn

The Laboz family’s United American Land through the entity 80 Willoughby LLC as borrower signed a loan agreement with lender Sterling National Bank valued at $25.2 million for 2 parcels, including the tax class parochial schools, yeshivas (W2) at 80 Willoughby Street and 80 Willoughby Street Air rights in Downtown Brooklyn. The deal closed on February 25, 2021 and was recorded on March 5, 2021….

RWN Real Estate borrows $18M from JPMorgan Chase Bank for property in Midtown West

RWN Real Estate Partners through the entity 157 W 18 Owner LLC as borrower signed a loan agreement with lender Jpmorgan Chase Bank, N.A. valued at $18.8 million for 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 18 residential units at 794 9th Avenue in Midtown West. The deal closed on February 17, 2021 and was recorded…

Richard Kramisen borrows $11M from Signature Bank for property in Midtown West

Richard S. Kramisen through the entity 310-318 Midtown Equities LLC as borrower signed a loan agreement with lender Signature Bank valued at $11.7 million for 1 parcel, including the tax class multifamily, fireproof – with stores (D6) and containing 16 residential units at 312 West 53rd Street in Midtown West. The deal closed on October 10, 2020 and was recorded on March 5, 2021. The…

Down Town club, which holds two 49-year net leases in FiDi, files for bankruptcy

The Down Town Association, a private nonprofit club, which sold its building in 2018 for $28.2 million, filed for bankruptcy protection yesterday. It listed assets of just $74,859 and liabilities of $6.9 million, including $4.1 million in a credit line from its landlord, and another $1.95 million in “alleged unpaid rent.” The nonprofit’s president wrote in an affidavit filed alongside the bankruptcy filing that the…

Odiljon Tursunov pays $22M to Andrew Weingarten for retail in Brighton Beach

Odiljon Tursunov through the entity 2828 Coney Island Avenue LLC paid Andrew Weingarten’s Ford Coyle Properties Inc. $22 million for 2818 Coney Island Avenue in Brighton Beach. The deal closed on February 12, 2021 and was recorded on March 4, 2021. The transaction consists of 1 parcel, including the tax class one-story store building (K1). The property is 13,700 square feet. The average sale price…

SNL Storage pays $11.8M to John Livingston for property in Morrisania

SNL Storage through the entity Snl Xxiv LLC paid John Livingston’s Paladino Realty Corp $11.8 million for 581 Austin Place in Morrisania. The deal closed on February 24, 2021 and was recorded on March 4, 2021. The transaction consists of 1 parcel, including the tax class miscellaneous warehouse (E9)The property is 49,629 square feet. The parcel(s) have total development potential of 49,629 square feet. The…

Zara Realty borrows $27M from Arbor for property in Jamaica

Zara Realty through the entity Park Haven De, LLC as borrower signed a loan agreement with lender Arbor Realty Trust valued at $27 million for 1 parcel, including the tax class multifamily, miscellaneous (D9) and containing 96 residential units at 88-25 153rd Street in Jamaica. The deal closed on February 1, 2021 and was recorded on March 4, 2021. The property contains a total of…

A&E Real Estate borrows $180M from Signature Bank for Queens rentals

In the first group, A&E Real Estate Holdings through the entity 75-25 153rd Street, LLC as borrower signed a loan agreement with lender Signature Bank valued at $110 million for 1 parcel, including the tax class multifamily, luxury type (D8) and containing 388 residential units at 75-25 153rd Street in Flushing. The deal closed on January 28, 2021 and was recorded on March 4, 2021….

Shmuel Bar-Or borrows $26M from Signature Bank for property in Midtown West

Shmuel Bar-Or through the entity Broadway Sky, LLC as borrower signed a loan agreement with lender Signature Bank valued at $26.0 million for 1 parcel, including the tax class multifamily, fireproof – with stores (D6) and containing 28 residential units at 1691 Broadway in Midtown West. The deal closed on October 15, 2020 and was recorded on March 4, 2021. The property contains a total…

Courts roundup: Flushing bankruptcy at property with alleged $52M sale contract, more

Three commercial foreclosure cases, totaling $1.66 million: The cases are at 502 Wilson Avenue, Brooklyn; 4229 Ely Avenue, Bronx and 103-48 96th Street, Ozone Park. Links to cases are in the addresses. Judgment creditor to New York City real estate investor, Ben Zion Suky, seeks sale of Suky’s home, a residential apartment on the Upper East Side. Plaintiff-judgment creditor seeks the sale of Ben Zion…

Howard Hershkovich pays $4M to RedSky Capital for property in Bushwick

Howard Hershkovich through the entity 950 Fish Hart Acq LLC paid RedSky Capital’s Rs Jz 950 Hart, LLC $4 million for 950 Hart Street in Bushwick. The deal closed on February 17, 2021, and was recorded on March 3, 2021. The transaction consists of 1 parcel, including the tax class multifamily, fireproof (standard construction without stores) (D3) and containing 21 residential units. The property is…

George Diggle sells 5-unit rental in East Village for $7M

307 Holdings LLC paid George Diggle’s 307 East 10th Street LLC $7 million for 307 East 10th Street in East Village. The deal closed on October 22, 2020, and was recorded on March 3, 2021. The transaction consists of 1 parcel, including the tax class multifamily, five to six families (C2) and containing 5 residential units. The property is 5,500 square feet. The average sale…

Greenbrook Partners pays $8.4M to Sisters of Saint Joseph for property in Park Slope

Greenbrook Partners through the entity 784-6 President St, LLC paid Sisters of Saint Joseph’s The Sisters Of Saint Joseph $8.4 million for 784 President Street in Park Slope. The deal closed on February 19, 2021, and was recorded on March 3, 2021. The transaction consists of 1 parcel, including the tax class convents (M4). The property is 14,000 square feet. The average sale price per…

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