Transfers

Benjamin Werber of Werber Management pays $24M for retail property in Jackson Heights

Benjamin Werber of Werber Management through the entity Roosevelt 72 LLC paid Delwar Hussain’s Delco Properties, LLC $24 million for 72-11 Roosevelt Avenue in Jackson Heights. The deal closed on May 21, 2020, and was recorded on May 29, 2020. The transaction consists of 1 parcel, including the tax class one-story store building (K1). The property is 21,486 square feet. The parcel(s) have total development…

Stagg Group pays $4.8M to nursing home owners for development site in Riverdale

Mark Stagg’s Stagg Group through the entity 6375 Broadway LLC paid Samuel Aryeh-Weiss’s 6355 Broadway LLC $4.8 million for 6375 Broadway in Riverdale. The deal closed on May 13, 2020, and was recorded on May 29, 2020. The transaction consists of 1 parcel of vacant land adjacent to a nursing home. The sellers are affiliates of the W Group which operates assisted living facilities. The…

Legion Investment borrows $70M from ACORE Capital to build UES condo project

Victor Sigoura’s Legion Investment Group through the entity 79th Owner LLC as borrower signed a new development loan agreement with lender ACORE Capital’s Delphi CRE Funding LLC valued at $70.1 million for a planned condominium project at 109 East 79th Street in the Upper East Side. The deal closed on May 5, 2020 and was recorded on May 29, 2020. Sigoura filed plans in 2019…

Werber Management borrows $12M from Signature Bank to acquire retail property in Jackson Heights

Werber Management through the entity Roosevelt 72 LLC as borrower signed a loan agreement with lender Signature Bank valued at $12 million to acquire 1 parcel, including the tax class one-story store building (K1) at 72-11 Roosevelt Avenue in Jackson Heights. The deal closed on May 21, 2020 and was recorded on May 29, 2020. The property contains a total of 21,486 square feet of…

Nick Gavalas borrows $6.5M from Alma Bank for multifamily property in Astoria

Nick Gavalas through the entity Associates 21 LLC as borrower signed a loan agreement with lender Alma Bank valued at $6.5 million for 9 parcels, including the tax class primarily four family with store or office (S4) and containing 32 residential units at 21-37 21st Avenue, 21-35 21st Avenue, 21-33 21st Avenue, 21-31 21st Avenue, 21-29 21st Avenue, and others in Astoria. The deal closed…

Oxford Properties, CPPIB borrow $604M from Wells Fargo, TD Bank and JPMorgan for St. John’s Terminal

Oxford Properties Group and the Canadian Pension Plan Investment Board through the entity 550 Washington Owner (DE) LLC as borrower signed a construction loan agreement with lender Wells Fargo, TD Bank and JPMorgan Chase Bank through the entity Wells Fargo Bank valued at $604.2 million for 1 parcel, including the tax class commercial condo recorded in Acris (CC) at St. John’s Terminal at 550 Washington…

Center Management Group borrows $58M from Greystone & Co. for nursing home in Boerum Hill

Center Management Group through signatory Charles-Edouard Gros through the entity KFG Land I, LLC as borrower signed a loan agreement with lender Greystone & Co. through its Greystone Funding Company LLC valued at $58.4 million for 1 parcel, including the tax class nursing home (I6) and containing 288 residential units at the Hopkins Center for Rehabilitation and Healthcare at 155 Dean Street in Boerum Hill….

Robert Moses and Henry Moses Jr. borrow $12.3M from JPMorgan Chase Bank to refi multifamily property in Manhattan

Robert Moses and Henry Moses Jr. borrowed $12.3 million from JPMorgan Chase Bank to refinance property in Manhattan in two transactions. In the first, Robert Moses and Henry Moses Jr. through the entity Merauke LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank, N.A. valued at $6.7 million for 1 parcel, including the tax class multifamily, converted dwelling or rooming house (C5)…

Abraham Piha borrows $9.95M from TD Bank for small-building portfolio in Brooklyn, Queens

Abraham Piha through the entity 105 Rockaway Pkwy LLC (and others) as borrower signed a loan agreement with lender TD Bank valued at $9.95 million for 12 parcels, including the tax class primarily two family with store or office (S2) and containing 36 residential units at 334 New Lots Avenue, 404 New Lots Avenue, 425 Cleveland Street, 607 Georgia Avenue, 119-16 94th Avenue, and others…

Time Equities borrows $8M from Provident Bank for commercial property in Plaza District

Time Equities through the entity 146 East 56 Street Equities LLC as borrower signed a loan agreement with lender Provident Bank valued at $7.5 million for 1 parcel, including the tax class store and office (K2) at 146 East 56th Street in Plaza District. The deal closed on May 14, 2020 and was recorded on May 28, 2020. The property contains a total of 12,000…

Yuk Chiu Chan borrows $6M from Cathay Bank for retail property in Elmhurst

Yuk Chiu Chan through the entity Summer 2010 LLC as borrower signed a loan agreement with lender Cathay Bank valued at $5.5 million for 1 parcel, including the tax class two-story or store and office (K2) at 78-21 Queens Boulevard in Elmhurst. The deal closed on May 21, 2020 and was recorded on May 28, 2020. The property contains a total of 14,328 square feet…

Ghassan Alrassi borrows $5M from New York Community Bank for multifamily property in Bay Ridge

Ghassan Alrassi through the entity Alrassi Realty LLC as borrower signed a loan agreement with lender New York Community Bank valued at $5.3 million for 4 parcels, including the tax class primarily one to six families with stores or offices (S9) and containing 14 residential units at 7133 5th Avenue, 7506 3rd Avenue, 7810 5th Avenue, 7826 3rd Avenue in Bay Ridge. The deal closed…

Waterman, Brookfield lease at Lever House with Korein family valued at $240M

Waterman Interests and Brookfield Office Properties through the entity WI/BSREP III 390 Park LLC signed a lease with the Korein family’s 390 Tower Associates LLC that the city valued at $240 million for 390 Park Avenue in the Plaza District. The deal closed on May 20, 2020, and was recorded on May 27, 2020. The transaction consists of 1 parcel, including the tax class office…

Vintage Group modifies $65M in Manhattan loans from Signature Bank

The Vintage Group headed by Eric Nelson and Gary Podell modified $65 million in loans on multifamily properties from Signature Bank in Manhattan through six transactions. In the first, Vintage Group through the entity 80 Delancey LLC as borrower signed a loan agreement with lender Signature Bank valued at $14 million for 1 parcel, including the tax class multifamily, more than six families with stores…

Selina Chelsea hotel owner modifies $28M loan that was facing foreclosure from East West Bank

Mexican hotelier Moises Micha’s company through the entity W27 Highline Owner, LLC as borrower signed a loan modification agreement with lender East West Bank valued at $25.4 million for 1 parcel, including the tax class luxury type hotel built prior to 1960 (H1) at 518 West 27th Street in Chelsea. The deal closed on May 22, 2020 and was recorded on May 27, 2020. The…

BRP Development borrows $23M from M&T Bank to Freddie Mac for property in Bedford-Stuyvesant

BRP Development through the entity Bedford-Stuyvesant South One LLC as borrower signed a loan agreement with lender M&T Bank (which assigned it to Freddie Mac) through the entity M&T Realty Capital Corporation valued at $22.5 million for 3 parcels, including the tax class residential condo (multiple) recorded as sold in Acris (MC) and containing 50 residential units at 27 Albany Avenue, 1577 Fulton Street, 29…

Croman Real Estate borrows $18.65M from New York Community Bank for property in Clinton

Steven Croman’s Croman Real Estate borrowed $18.65 million from New York Community Bank for property in the East Village and Clinton in two separeate transaction. That brings to $42 million the total Croman has refinanced with the bank and recorded this week. Croman refinanced $24 million in loans from New York Community Bank that were recorded Tuesday. In the first deal recorded yesterday, Croman Real…

Continental Ventures borrows $16.8M from Signature Bank to refi multifamily property in Flatiron

Continental Ventures with its president Jane Gol as signatory through the entity 360-364 Third Owner LLC as borrower signed a loan agreement with lender Signature Bank valued at $16.8 million for 3 parcels, including the tax class multifamily, more than six families with stores (C7) and containing 48 residential units at 360 3rd Avenue, 362 3rd Avenue, 364 3rd Avenue in Flatiron. The deal closed…

Brynn Mackool Arnold borrows $15M from Greystone & Co. for newly built multifamily property in Long Island City

Brynn Mackool Arnold through the entity The Vision At 33rd LLC as borrower signed a loan agreement with lender Greystone & Co. (which then assigned it to Fannie Mae) valued at $15.3 million for 1 parcel, including the tax class multifamily, fireproof – with stores (D6) and containing 43 residential units at 37-27 33rd Street in Long Island City. The deal closed on May 22,…

Rosario Parlanti borrows $12M from Capital One for multifamily property in Brighton Beach

Rosario Parlanti through the entity 3030 Brighton LLC as borrower signed a loan agreement with lender Capital One, National Association valued at $12.4 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 96 residential units at 3030 Brighton 12th Street in Brighton Beach. The deal closed on May 21, 2020 and was recorded on May 27, 2020. The property…

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