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Gabriel Blanco signs $16M construction loan with S3 Capital in Fordham Heights

Gabriel Blanco through the entity 2104 Ryer LLC as borrower signed a new construction loan with lender S3 Capital through the entity S3 Re Funding III LLC valued at $16 million for three development properties including the development building (V0) at 2104 Ryer Avenue in Fordham Heights, Bronx. On these lots, there is one active new building construction project for a 55-unit, 38,300 square-foot residential…

DTH, Rose Associates sign $395M refi for 70 Pine in FiDi

DTH Capital and Rose Associates through the entity Ebra 70 Pine Master Tenant LLC as borrower signed a refi loan with lender Goldman Sachs through the entity Goldman Sachs Bank Usa valued at $395 million for four condominium tax lots at 70 Pine Street with 612 residential units including the 612-unit rental condo at 66 Pine Street in Financial District, Manhattan, hotel condo at 66…

ZD Jasper Realty signs ground lease valued at $5.7M in Sunnyside

ZD Jasper Realty through the entity ZDJ Queens 50 LLC as tenant signed a ground lease valued at $5.7 million to Naum Freidman through the entity Dafre, LLC as landlord for the retail building (K5) at 50-01 Queens Boulevard in Sunnyside, Queens. The deal closed on February 28, 2024 and was recorded on February 29, 2024. The property has 3,531 square feet of built space…

Empire Equities pays $8M for mixed-use in Williamsburg

Dovi Leshes’s Empire Equities through the entity 216 Grand EQ LLC paid $8 million to the family of the late artist Frank Fristachi through the entity Grand Art Gallery LLC for the three-unit mixed-use building (S3) at 216 Grand Street in Williamsburg, Brooklyn. The deal closed on February 20, 2024 and was recorded on February 29, 2024. The property has 10,916 square feet of built…

Brooklyn Friends School pays $19.2M for office in Downtown Brooklyn

Brooklyn Friends School paid $19.2 million to Aleksandr Shchegol through the entity New York Commercial Realty LLC for the office building (O5) at 383 Pearl Street in Downtown Brooklyn, Brooklyn. The deal closed on February 28, 2024 and was recorded on February 29, 2024. The property has 27,275 square feet of built space and 29,665 square feet of additional air rights for a total buildable…

Watch dealer Avi Hiaeve pays $26.7M for former Playboy Club building in foreclosure

Luxury watch dealer Avi Hiaeve through the entity 5 East 59th Street Holdings LLC paid $26.7 million for the office building (O6) at 5 East 59th Street in Lenox Hill, Manhattan, formerly owned by BentallGreenOak. It was the former location of the Playboy Club, which closed in 1986. Avi Hiaeve bought the property in a foreclosure auction on January 17, 2024. The sale closed on…

Joel Schwartz signs $13.3M refi for newly built 16-unit building in Williamsburg

Joel Schwartz through the entity 55 Borinquen Place LLC as borrower signed a refi loan with lender Starwood Mortgage Capital through the entity Starwood Mortgage Capital LLC valued at $13.3 million for the 16-unit new construction property at 45-55 Borinquen Place in Williamsburg, Brooklyn. There is a new building project for a 16-unit, residential (R-2) building submitted by Yisroel Greenfeld with plans filed March 16,…

Ciampa Organization signs $16.5M construction loan for 46-unit project in Jamaica Estates

Ciampa Organization through the entity 18303hillsideave LLC as borrower signed a new construction loan with lender Popular Bank valued at $16.5 million for the development (V1) at 183-03 Hillside Avenue in Jamaica Estates, Queens. On the lot, there is one active new building construction project for a 46-unit, 39,536 square-foot residential (R-2) building. The project was submitted by Piermont Properties and filed by Michael Grey…

Moses Karpen pays $2.5M for dev site in Williamsburg, gets $8.95M construction loan

Moses Karpen through the entity Gerry Gardens LLC paid $2.5 million to Henry Grunfeld through the entity Ggh Holdings LLC for the industrial building (G7) at 91 Gerry Street in Williamsburg, Brooklyn. At the same time, Karpen obtained an $8.95 million construction loan from Parke Bank. On the lot, there is one active new building construction project for a five-unit, 17,248 square-foot R-2 building. The…

Diem Lam pays $3M for two industrial properties in Woodside

Diem Lam through the entity 117 Sanford LLC paid $3 million to Jeffrey L. Cohan through the entity Jarco Realty Co. for the industrial building (E9) at 57-08 37th Avenue in Woodside, Queens and industrial property (G7) on 37th Avenue in Woodside, Queens. The deal closed on February 14, 2024 and was recorded on February 28, 2024. The two properties have 6,250 square feet of…

Beitel Group pays $3.5M to expand dev site in Borough Park

Beitel Group through the entity 1533-1541 60 Street LLC paid $3.5 million to Abraham M. Klein for the industrial building (E1) at 1541 60th Street in Borough Park, Brooklyn. The deal closed on February 27, 2024 and was recorded on February 28, 2024. The property has 4,000 square feet of built space and 12,018 square feet of additional air rights for a total buildable of…

Contractor Mario Jacovino pays $7.2M for two properties in Hunts Point

Mario Jacovino of Step-Mar Contracting through the entity 320-330 Tiffany Street LLC paid $7.2 million to Rosemarie Chester and Vincent J. Chester Jr. for the industrial building (G2) at 330 Tiffany Street in Hunts Point, Bronx and specialty building (Z9) at 320 Tiffany Street in Hunts Point, Bronx. The deal closed on February 8, 2024 and was recorded on February 28, 2024. The two properties…

Jeff Sutton sells Whitestone dev site for $3M to church

Jeff Sutton’s Wharton Properties through the entity 11-10/12 154th Street LLC sold for $3 million the development parcels (V1) at 11-08 and 11-10 154th Street in Whitestone, Queen to the Little Flock Church. Jeff Sutton sold two Fifth Avenue buildings in December and January for $1.8 billion, including the largest investment sale of 2023, $835 million to Prada for 720 and 724 Fifth Avenue. The…

Grocer pays $8.7M for former Rite Aid location in Ridgewood

Martin Espinal, a grocer who owns City Fresh Market, through the entity The Grandview Of Queens LLC paid $8.7 million to George L. Malin and William N. Weidman for the retail building (K1) at 583 Grandview Avenue in Ridgewood, Queens. The deal closed on February 20, 2024 and was recorded on February 28, 2024. The property has 10,000 square feet of built space and 31,655…

PH Realty Capital signs $17.3M refi with LMF Commercial for 18-unit rental in Lenox Hill

PH Realty Capital through the entity 114 East 71 Associates, LLC as borrower signed a refi loan with lender LMF Commercial valued at $17.3 million for the 18-unit residential elevator building (D1) at 114 East 71st Street in Lenox Hill, Manhattan. The deal closed on February 9, 2024 and was recorded on February 27, 2024. The prior lender was Rialto Capital which held debt that…

Williams Equities signs $65M refi with 3650 REIT for office in Turtle Bay

Williams Equities through the entity 304 E. 45th LLC as borrower signed a refi loan with lender 3650 REIT through the entity 3650 Real Estate Investment Trust 2 LLC valued at $65 million for nine commercial condos at 304 East 45th Street in Turtle Bay, Manhattan. The deal closed on February 20, 2024 and was recorded on February 27, 2024. The prior lender was John…

Marx Development signs $88.8M refi with Madison Realty for Aloft hotel in Hudson Yards

Marx Development Group through the entity 37-11 Owner LLC as borrower signed a refi loan with lender Madison Realty Capital through the entity 450 11th Ave Lender LLC valued at $88.8 million for the 379-unit hotel building (H2) at 450 11th Avenue in Hudson Yards, Manhattan. The deal closed on February 23, 2024 and was recorded on February 27, 2024. The prior lender was Mack…

Harold Klein pays $3.5M to Isaac Gutman for 35-unit walkup in Tremont

Harold Klein through the entity 805 Fairmount Place Portfolio LLC paid $3.5 million to Isaac Gutman through the entity Fairmount Realty 805 LLC for the 35-unit residential walkup building (C1) at 805 Fairmount Place in Tremont, Bronx. The deal closed on February 2, 2024 and was recorded on February 27, 2024. The property has 25,925 square feet of built space according to a PincusCo analysis…

Congregation Shaare Zion pays $4.8M for 2-family in Gravesend, 4th purchase on block

Congregation Shaare Zion paid $4.8 million for a two-family building (B1) at 2040 Ocean Parkway in Gravesend, Brooklyn. This is the congregation’s fourth purchase on the block, starting in November 2022. The four newly-purchased properties they own are separated by a residential property they do not own, according to a review of city records. The congregation’s temple lies just to the north of 2040 Ocean…

Dinesh Desai pays $9.5M for two walkups in Washington Heights

Dinesh Desai paid $9.5 million to Kenneth Moslin for two 55-unit residential walkups with the addresses 619 West 176th Street and 618 West 177th Street in Washington Heights, Manhattan in two separate transactions. In the first, Dinesh Desai through the entity 619 West 176th Street LLC paid $4.75 million to Kenneth Moslin through the entity 176-177 Wadsworth Associates, LLC for the 55-unit residential walkup building…

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