Transfers

Sam Chang’s McSam Hotel Group inks 99-year lease near Times Square valued at $25M with Jane Goldman’s Solil Management

By Adam Pincus Sam Chang of the McSam Hotel Group signed a 99-year ground lease with Jane Goldman’s Solil Management valued at $25.2 million for the parking lot turned hotel development site at 223 West 46th Street near Times Square. Chang signed the lease on March 14, 2019, and rent became due at that time, but the lease did not became effective until May 31,…

Solari Real Estate, Inc. pays $11M to West 150 Street Operating LLC for property in Long Island City

Solari Real Estate, Inc. paid West 150 Street Operating LLC $11.2 million for 36-01 Queens Boulevard in Long Island City. The deal closed on October 3, 2019, and was recorded on October 17, 2019. The transaction consists of 1 parcel, including the tax class fireproof warehouse (E1). The property is 22,700 square feet. The parcel(s) have total development potential of 22,700 square feet. The last…

Richard E. Carroll pays $8M to Murphy-Webster Associates, LLC for property in Fordham

Richard E. Carroll through the entity Quad Stars, LLC paid Murphy-Webster Associates, LLC $8.0 million for 2535 Webster Avenue in Fordham. The deal closed on September 24, 2019, and was recorded on October 17, 2019. The transaction consists of 1 parcel, including the tax class two-story or store and office (K2). The property is 22,492 square feet. The parcel(s) have total development potential of 22,492…

Tribeca Pediatrics pays $6M to Michael Perretti for property in Seaport

Tribeca Pediatrics through the entity South Street 107, LLC paid Michael Perretti’s Mvp Of South Street,Llc $6.0 million for 107 South Street in Seaport. The deal closed on October 2, 2019, and was recorded on October 17, 2019. The transaction consists of 1 parcel, including the tax class loft with retail stores (L8). The property is 15,925 square feet. The parcel(s) have total development potential…

Vjm 700, LLC pays $5M to Prospect Park Management for property in Park Slope

Vjm 700, LLC paid Prospect Park Management, LLC $5.1 million for 238 5th Avenue in Park Slope. The deal closed on September 18, 2019, and was recorded on October 17, 2019. The transaction consists of 1 parcel, including the tax class primarily five to six family with store or office (S5) and containing 6 residential units. The property is 9,188 square feet. The parcel(s) have…

Gural family’s GFP Real Estate, Northwind Group and TPG Real Estate Partners borrow $344M from Square Mile Capital for property in Financial District

The Gural family’s GFP Real Estate, Northwind Group and TPG Real Estate Partners through the entities 7 Hanover Fee Owner Co. LLC and 100 Pearl LH LLC as borrowers signed a loan agreement with lender Square Mile Capital through the entity SM Finance II LLC valued at $344 million for the office tower 7 Hanover Square in Financial District. The deal closed on October 3,…

Corigin Real Estate Group borrows $54M from M&T Bank for property in East Village

Corigin Real Estate Group through the entity 321 Bowery LLC as borrower signed a loan agreement with lender M&T Bank through the entity Manufacturers And Traders Trust Company valued at $53.6 million for 1 parcel, including the tax class dormitory (H8) at 1 East 2nd Street in East Village. The deal closed on October 11, 2019 and was recorded on October 17, 2019. The property…

Ralph Sitt’s Status Capital borrows $19M from Societe Generale for property in Soho

Ralph Sitt’s Status Capital through the entity 145 Spring Street Partners LLC as borrower signed a loan agreement with lender Societe Generale valued at $18.5 million for 1 parcel, including the tax class multifamily, artists in residence (D2) and containing 6 residential units at 145 Spring Street in Soho. The deal closed on September 18, 2019 and was recorded on October 17, 2019. The property…

Joel Sussman borrows $13M from TD Bank for property in Midtown East

Joel Sussman through the entity Manhattan Midtown LLC as borrower signed a loan agreement with lender Td Bank, N.A., valued at $13.0 million for 1 parcel, including the tax class homes for indigent children, aged, homeless (N2) at 225 East 53rd Street in Midtown East. The deal closed on October 10, 2019 and was recorded on October 17, 2019. The property contains a total of…

Joel Schwartz borrows $13M from Citi Real Estate Funding for property in Bushwick

Joel Schwartz through the entity Dekalb Plaza LLC as borrower signed a loan agreement with lender Citi Real Estate Funding Inc. valued at $12.5 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 25 residential units at 1433 Dekalb Avenue in Bushwick. The deal closed on September 25, 2019 and was recorded on October 17, 2019. The property contains…

Quinlan Development Group borrows $10M from Sterling National Bank for property in Soho

Quinlan Development Group through the entity Qt Soho Realty LLC as borrower signed a loan agreement with lender Sterling National Bank valued at $10.0 million for on retail condominium unit at 180 Avenue of the Americas in Soho. The deal closed on October 3, 2019 and was recorded on October 17, 2019. The property contains a total of 14,717 square feet of built space. The…

30-foot-wide UES mansion sells for $15M to entity associated with David Yurman

Triple Y Properties LLC, an entity associated with jeweler David Yurman, paid Ariel Chaus as co-executor of the estate selling the property, $15 million for the 30-foot wide townhouse at 128 East 73rd Street in the Upper East Side. The deal closed on October 10, 2019, and was recorded on October 17, 2019. The transaction consists of 1 parcel, including the tax class two-family, brick…

Met Museum curator Andrew Bolton and designer Thom Browne pay $13M for Sutton Place townhouse

Met Museum curator Andrew Bolton and designer Thom Browne paid the estate of the late philanthropist Drue Heinz $13 million for 1 Sutton Place in Sutton Place. The 7,000-square-foot home was built in 1920 for Anne Vanderbilt, and other owners included Charles Merrill, a founder of Merrill Lynch. In 2018 it was listed for $21 million by Mary Kent of Sotheby’s International Realty. The sale…

Marriott International pays $166M to Westbrook Partners for property in Gramercy

Marriott International through the entity Mi Park 201, LLC paid Westbrook Partners’s 28-201 Unsq Owner, LLC $166.2 million for 201 Park Avenue South in Gramercy. The deal closed on October 10, 2019, and was recorded on October 16, 2019. The transaction consists of 1 parcel, including the tax class luxury type hotel built prior to 1960 (H1). The property is 200,000 square feet. The parcel(s)…

Settlement Housing Fund as record title holder pays $13M to Lightstone Group for property in Rockaway Park

Settlement Housing Fund as record title holder through the entity Bay Towers Preservation Housing Company, Inc., paid Lightstone Group’s Pickwal Bay Towers West, Inc. and Bay Towers Company, $13.0 million for 320 Beach 100th Street in Rockaway Park. The deal closed on September 26, 2019, and was recorded on October 16, 2019. The transaction consists of 1 parcel, including the tax class cooperative (D4) and…

Start Treatment & Recovery Centers pays $9M to Judy Hundley of Gracious Thyme Catering for property in East Harlem

Start Treatment & Recovery Centers, Inc. paid Judy Hundley of Gracious Thyme Catering’s 2191 Third Avenue LLC $9.1 million for 2191 3rd Avenue in East Harlem. The deal closed on September 26, 2019, and was recorded on October 16, 2019. The transaction consists of 1 parcel, including the tax class office building with two to six stories (O2). The property is 66,351 square feet. The…

Lee Brodsky’s BEB Capital signs lease, purchase option for Bushwick industrial buildings

Lee Brodsky’s BEB Capital through its 1160 Flushing Ave LLC, as tenant, signed a memorandum of lease with landlord B&B Sweater Mills Inc. for 2 parcels, including the tax class semi-fireproof manufacturing building (F4) at 1160 Flushing Avenue, 1162 Flushing Avenue in Bushwick. The memorandum was signed on September 9, 2019 and was recorded on October 16, 2019. The lease runs for three years and…

DTH Capital and Rose Associates borrow $386M from Goldman Sachs for property in Financial District

DTH Capital and Rose Associates through the entity Ebnb 70 Pine Owner LLC as borrower signed a loan agreement with lender Goldman Sachs Bank, USA valued at $386 million for 4 condominium parcel containing 612 residential units at 70 Pine Street in the Financial District. The deal closed on September 23, 2019 and was recorded on October 16, 2019. The property contains a total of…

Xiaozheng Tang borrows $67M from Shanghai Commercial Bank for property in West Harlem

Xiaozheng Tang through the entity Columbia International LLC as borrower signed a loan agreement with lender Shanghai Commercial Bank, Ltd., New York Branch valued at $66.8 million for 6 lots at 402 West 126th Street, 412 West 126th Street, 416 West 126th Street, 418 West 126th Street, 420 West 126th Street, and others in West Harlem. The deal closed on October 2, 2019 and was…

Lightstone Group borrows $52M from NYC’s Housing Development Corp. for redevelopment in Rockaway Park

Lightstone Group through the entity Drc Realty Associates LLC as borrower signed a loan agreement with lender New York City Housing Development Corporation valued at $52.2 million for the rehabilitation of the 376-unit 320 Beach 100th Street in Rockaway Park. The deal closed on September 26, 2019 and was recorded on October 16, 2019. The property contains a total of 485,077 square feet of built…

PREVIOUS