Transfers

Merchants Hospitality’s westside Playboy club files for bankruptcy with $1M to $10M in assets

The Merchants Hospitality and Roche Enterprises entity that owns the Playboy Supper Club at 512 West 42nd Street, 512W42 Retail LLC, on Friday filed a chapter 7 petition in U.S. Bankruptcy Court in Manhattan to liquidate. The filing listed both assets and liabilities between $1 million and $10 million. The entity that filed is listed as one of three secured borrowers on a $42 million…

Vinod Patel pays $5.1M for retail building in Floral Park

Vinod Patel through the entity Rai Krupa LLC paid $5.1 million to Kenneth Arduino and Janet Fama for the retail building (K5) at 258-10 Hillside Avenue in Floral Park, Queens. The property was formerly occupied by a Burger King. The deal closed on May 28, 2021 and was recorded on June 18, 2021. The property has 3,750 square feet of built space and 6,200 square…

Greenbrook Partners pays $4.6M for 6-unit rental in Bed-Stuy

Greenbrook Partners through its Greenbrook THR Owner II, L.L.C. paid $4.6 million to Yehuda Cohen’s 64 Macon Management LLC for the six-unit rental (C2) at 64 Macon Street in Bedford-Stuyvesant, Brooklyn. The deal closed on June 9, 2021 and was recorded on June 19, 2021. The property has 4,500 square feet of built space and 3,480 square feet of additional air rights for a total…

3-unit mixed-use rental in Greenpoint sells for $2.5M

Edward Radko through the entity 915 Manhattan, LLC paid $2.5 million to Jefferey J. Kibalo through the entity 915 Manhattan Ave, LLC for the three-unit mixed-use building (S3) at 915 Manhattan Avenue in Greenpoint, Brooklyn. The deal closed on June 8, 2021 and was recorded on June 18, 2021. The property has 4,704 square feet of built space and 1,596 square feet of additional air…

Coltown Properties signs $20M refi for One45 dev site in Central Harlem

An affiliate of Coltown Properties through the entity One45 Lenox LLC as borrower signed a refi loan with lender ConnectOne Bank valued at $20 million for five properties including the mixed-use building (K4) at 685 Lenox Avenue in Central Harlem, Manhattan, retail building (K1) at 112 West 145th Street in Central Harlem, Manhattan, and retail building (G4) at 150 West 145th Street in Central Harlem,…

L+M signs $19.5M construction loan with EB-5 affiliate for development in East Harlem

L+M Development Partners through the entity SV-B Civic Partners LLC as borrower signed a new construction loan with lender, an affiliate of the New York City Regional Center through the entity NYCR Sub-CDE 9, LLC valued at $19.5 million for the development site (V1) at 60 East 112th Street in East Harlem, Manhattan. The deal closed on June 7, 2021 and was recorded on June…

Vision Enterprises signs $16.1M refi loans with Signature for rentals in Manhattan, Queens

Vision Enterprises signed $16.1 million in refinance loans with Signature Bank for rentals in Manhattan and Queens in two separate transactions. In the first, Vision Enterprises through the entity West 72nd St. Associates LLC as borrower signed a refi loan with lender Signature Bank valued at $9.2 million for the 46-unit rental (D6) at 124 West 72nd Street in Lincoln Square, Manhattan. The deal closed…

Condo at Trump International sells for $15M

The entity Peter’s Creek Partners III LLC paid $15.1 million to Giouliar Abdoullaeva and other individuals for condo (SC) unit at Trump International Hotel and Tower 1 Central Park West in Lincoln Square, Manhattan. The deal closed on June 8, 2021 and was recorded on June 19, 2021. The property has 3,663 square feet of built space according to PincusCo analysis of city data. The…

Hotel des Artistes co-op in Lincoln Square sells for $10.1M

David Eisenberg purchased cooperative unit 909 from Elizabeth Stern and Emanuel Stern valued at $10.1M at the Hotel des Artistes at 1 West 67th Street in Lincoln Square, Manhattan. The deal closed on June 4, 2021 and was recorded on June 18, 2021. The signatory for Elizabeth Stern and Emanuel Stern was Emanuel Stern. The signatory for David Eisenberg was David Eisenberg. Direct link to…

Spear Street pays $325M to SL Green for office building in Chelsea

Spear Street Capital paid $325 million to SL Green Realty for office buildings in Chelsea in two separate transactions. In the larger, Spear Street Capital through the entity 641 AOA Owner, LLC paid $203.8 million to SL Green Realty through the entity 641 Sixth Fee Owner LLC for office building (O6) at 641 Avenue Of The Americas in Chelsea, Manhattan. The deal closed on June…

Vanbarton acquires HFZ’s Nomad development site valued at $161M

Mezzanine lender Vanbarton Group through the entity Vbgo Collegiate Tower LLC acquired control of a development site from HFZ Capital Group through the entity HFZ Kik 30th Street Mezzanine LLC in a transfer valued at $161 million. The subject property was the development site (M1) at 3 West 29th Street in Nomad, Manhattan, mixed-use building (K4) at 20 West 30th Street in Nomad, Manhattan, and…

Joel Schwartz pays $7.4M for mixed-use in Park Slope

Joel Schwartz through the entity 63 4th Ave Brooklyn LLC paid $7.4 million to James McGown through the entity 6365 Fourth Avenue Corp. for two-unit mixed-use building (K4) at 63 4th Avenue in Park Slope, Brooklyn and four-unit mixed-use building (S4) at 65 4th Avenue in Park Slope, Brooklyn. The deal closed on June 3, 2021 and was recorded on June 17, 2021. The two…

Clarion, NYS pension fund sign $600M initial loan with state’s Common Retirement Fund for office building in Grand Central

Clarion Partners and the New York State Common Retirement Fund through the entity Comref 380, LLC as borrower signed a initial loan with lender NYS Common Retirement Fund through the entity Comptroller Of The State Of New York, As Trustee valued at $600 million for the office building (O4) at 390 Madison Avenue in Grand Central, Manhattan. The deal closed on May 26, 2021 and…

Moinian ups debt by $53M to $223M at 467-unit rental in Flatbush

The Moinian Group through the entity 123 Linden LLC as borrower signed a refi loan with lender Bank of China valued at $223 million for the 467-unit rental (D6) at 123 Linden Boulevard in Flatbush, Brooklyn. The deal closed on June 3, 2021 and was recorded on June 17, 2021. The property has 366,757 square feet of built space and 0 square feet of additional…

Simon Kaufman signs $75.3 construction loan with SCALE for 151-unit development in Mott Haven

Simon Kaufman through the entity 336 Grand Concourse LLC as borrower signed a new construction loan with lender SCALE Lending through the entity Scale 322 Gc Lender LLC valued at $75.3 million for the development site (V1) at 334 Grand Concourse in Mott Haven, Bronx. The deal closed on June 9, 2021 and was recorded on June 17, 2021. The owner bought the property on…

Lightstone signs $90M construction loan with MSD Partners for LES hotel project

The Lightstone Group through the entity Bowery Street Associates LLC as borrower signed a new construction loan with lender MSD Partners through the entity MSD Rcof Partners XIX, LLC valued at $90 million for the development site (V1) at 145-147 Bowery in Lower East Side, Manhattan. Lightstone is developing an 18-story hotel at 145 Bowery. The deal closed on June 3, 2021 and was recorded…

McSam Hotel signs $15M construction loan with Silver Point for hotel in Times Square

Sam Chang’s McSam Hotel Group through the entity SCLB 46th Street LLC as borrower signed a new construction loan with lender Silver Point Capital through the entity Silver Point Finance, LLC valued at $15 million for the hotel (H2) at 223 West 46th Street in Times Square, Manhattan. The deal closed on May 27, 2021 and was recorded on June 17, 2021. The property has…

JG Funding buys $14.1M in notes secured by Bronx rentals

The Staten Island-based lender JG Funding bought two notes from BankUnited totaling $14.1 million secured by Bronx rental properties in two separate transactions. In the larger, JG Funding through the entity JG Funding Corp bought a note with an original principal of $8.8 million from BankUnited secured by Abdul M Khan’s 48-unit rental (C1) at 1515 Selwyn Avenue in Tremont, Bronx and 22-unit rental (C7)…

Northwood pays $323.5M to Propp family for two Soho office buildings

Northwood Investors pays $323.5 million to the Propp family for two office building in Soho at 520 and 524 Broadway. The family has owned the buildings since the 1920s and 1930s. The acquisition was in two separate transactions. In the first, Northwood Investors through the entity NW 524 Soho LLC paid $235.8 million to the Propp family through the entity 524 Broadway Company, L.P. for…

Avery Hall pays $5.4M for two industrial properties in Gowanus

Avery Hall Investments through the entity 274 4th And 538 Carroll LLC paid $5.4 million to Ekaterini Kipriadis and Nick Karkas for the industrial (G2) building at 538 Carroll Street in Gowanus, Brooklyn and the industrial (E1) building at 274 4th Avenue in Gowanus, Brooklyn. The deal closed on June 2, 2021 and was recorded on June 16, 2021. The two properties have 7,590 square…

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