Transfers

Arch Companies alleges control of $64M in Sela Group assets in Brooklyn, Queens

UPDATED WITH COMMENT FROM SELA GROUP, 4:27 p.m. Sept. 18: Jeffrey Simpson’s Arch Companies obtained a measure of control over three properties acquired in 2019 by the Sela Group for $64 million in Brooklyn and Queens, according to city property documents filed yesterday. A representative for the Sela Group disputed the claim. Arch Companies through the entity Ryerson 27th Lender LLC obtained control of 29…

Botanic Properties in care of Carlyle Group pays $40M to Atlas Capital for LIC school building

Botanic Properties in care of the Carlyle Group through the entity 24-02 OPS Owner, L.L.C. paid Atlas Capital Group’s Forchu Rock LLC $40 million for 24-02 Queens Plaza South in Long Island City. The deal closed on September 14, 2020, and was recorded on September 17, 2020. The transaction consists of 1 parcel, including the tax class training schools (W4). The property is 74,105 square…

Hasan Biberaj pays $6.5M to Michael Marino for retail property in Tremont

Hasan Biberaj through the entity Morgan Barrington Financial Services Inc. paid Michael Marino’s 815-830 East Tremont Associates $6.5 million for 837 East Tremont Avenue in Tremont. The deal closed on September 3, 2020, and was recorded on September 17, 2020. The transaction consists of 1 parcel, including the tax class one-story store building (K1). The property is 11,400 square feet. The parcel(s) have total development…

City Storage Systems pays $3.7M for industrial building, at least 7th since 2018

Travis Kalanick’s City Storage Systems through the entity 24-26 47th Street AST LLC paid Carolyn Mebel’s CJH Property Management LLC $3.7 million for 24-26 47th Street in Queens. The deal closed on August 31, 2020, and was recorded on September 17, 2020. The transaction consists of 1 parcel, including the tax class semi-fireproof manufacturing building (F4). The property is 10,900 square feet. The parcel(s) have…

Solow borrows $186.5M from Walker & Dunlop, fourth recent loan for total above $500M

Solow Realty & Development through the entity One East River Place Realty Company II, LLC as borrower signed a loan agreement with lender Walker & Dunlop, LLC valued at $186.5 million for 2 parcels, including the tax class garage with two or more stories (G1) and containing 414 residential units at 523 East 72nd Street, 530 East 73rd Street in the Upper East Side. The…

Robert Malta borrows $51M from Signature Bank for rental portfolio in Manhattan

Robert Malta through the entity 106-108 West 73rd Street Associates LLC as borrower signed a loan agreement with lender Signature Bank valued at $51.1 million for 7 parcels, including the tax class multifamily, more than six families with stores (C7) and containing 78 residential units at 202 8th Avenue, 635 9th Avenue, 106 West 73rd Street, 110 West 73rd Street, 169 9th Avenue, and others…

Aryeh Realty borrows $10.9M from JPMorgan Chase for retail property in the Upper East Side

Aryeh Realty through the entity Aryeh Realty Corp as borrower signed a loan agreement with lender JPMorgan Chase valued at $10.9 million for 1 parcel, including the tax class retail building with apartments above (K4) at 1020 Madison Avenue in the Upper East Side. The deal closed on September 10, 2020 and was recorded on September 17, 2020. The property contains a total of 9,567…

JPMorgan Chase cuts rate on $25.5M resi condo loan to 2%

Lender JPMorgan Chase Bank cut the annual interest rate on a $25.5 million loan secured by a residential condominium unit at 551 West 21st Street in Chelsea from $2.625 percent to 2 percent. The deal closed on August 6, 2020 and was recorded on September 17, 2020. The unit owner, finance investor Mark Zittman, bought the unit in 2016 for $34.6 million, and took out…

Mehra Properties pays $12M to Basil Messados for commercial property in College Point

Mehra Properties through the entity Mehra 130 Point LLC paid Basil Messados’s Latria Trans LLC $12.5 million for 15-30 130th Street in College Point. The deal closed on September 4, 2020, and was recorded on September 16, 2020. The transaction consists of 1 parcel, including the tax class heavy manufacturing, fireproof building (F1). The property is 37,454 square feet. The parcel(s) have total development potential…

Oksana Poltilova pays $10.6M to Debra Rosenfeld for retail in Forest Hills

Oksana Poltilova and Riva Musheyev through the entity 5 Continental Ventures LLC paid Debra Rosenfeld’s George Rosenfeld, Inc. $10.6 million for 107-29 71st Avenue, 107-27 71st Avenue in Forest Hills. The deal closed on September 11, 2020, and was recorded on September 16, 2020. The transaction consists of 2 parcels, including the tax class two-story or store and office (K2). The parcel(s) have total development…

Cheskie Weisz signs 49-year ground lease in LIC

Cheskie Weisz CW Realty’s LIC2604 Jackson Ave LLC, as tenant, signed a 49-year ground lease with landlord Phyllis and Massoud Jadidian for 2 parcels, including the tax class primarily one to six families with stores or offices (S9) and containing 6 residential units at 26-04 Jackson Avenue, 26-08 Jackson Avenue in Long Island City. The memorandum was signed on September 11, 2020 and was recorded…

SL Green sells $155M construction debt on Chetrit condo to Silverstein Capital

SL Green Realty sold $155 million of construction debt to Silverstein Capital Partners which is secured by the Chetrit Group’s condominium project at 49 Chambers Street in City Hall. The deal closed on September 2, 2020 and was recorded on September 16, 2020. The property contains a total of 231,379 square feet of built space. This is the Chetrit Group’s 99-unit condominium project with a…

Turken Foundation borrows $35M from Islamic Development Bank for development in Murray Hill

The nonprofit Turken Foundation as borrower signed a loan agreement with lender the Saudi Arabia-based Islamic Development Bank valued at $35 million for 1 parcel, including the tax class land not zoned residential or Manhattan below 110th Street (V1) at 766 2nd Avenue in Murray Hill. The deal closed on June 30, 2020 and was recorded on September 16, 2020. Turken Foundation is building an…

Atlantic Development borrows $11.5M from Signature Bank for 115-unit rental in Highbridge

Peter Fine’s Atlantic Development Group through the entity Nelson Avenue Associates, L.P. as borrower signed a loan agreement with lender Signature Bank valued at $11.5 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 115 residential units at 1314 Nelson Avenue in Highbridge. The deal closed on July 15, 2020 and was recorded on September 16, 2020. The property…

Oksana Poltilova borrows $10.6M for retail in Forest Hills

Oksana Poltilova through the entity 5 Continental Ventures LLC as borrower signed a loan agreement with lender AP Funding LLC valued at $10.6 million for 2 parcels, including the tax class two-story or store and office (K2) at 107-29 71st Avenue, 107-27 71st Avenue in Forest Hills. The deal closed on September 11, 2020 and was recorded on September 16, 2020. The property has 12,675…

H. Holding Group borrows $9.7M from Greystone & Co. for 28-unit in Bedford-Stuyvesant

Sharon Hakmon’s H. Holding Group through the entity Mgsh Properties Inc. as borrower signed a loan agreement with lender Greystone Servicing Company LLC valued at $9.7 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 28 residential units at 200 Macon Street in Bedford-Stuyvesant. The deal closed on September 10, 2020 and was recorded on September 16, 2020. The…

West Village former firehouse converted to single-family sells for $19.9M

The Red Art House paid Christian Harker’s 78 Morton Street LLC $19.9 million for 78 Morton Street in West Village. The deal closed on September 10, 2020, and was recorded on September 16, 2020. The transaction consists of 1 parcel, including the tax class primarily one family with store or office (S1). The contract date was July 6, 2020. The property was listed for sale…

A&E affiliate pays $62M to SL Green, Stonehenge for 126-unit rental in Midtown East

An affiliate of A&E Real Estate Holdings through the entity 400 East 58th Street, LLC paid SL Green Realty and Stonehenge Management’s 400 E58 Owner LLC $62 million for 400 East 58th Street in Midtown East. The deal closed on September 9, 2020, and was recorded on September 15, 2020. The transaction consists of 1 parcel, including the tax class multifamily, fireproof – with stores…

Weekly New Development Condo summary: $137M in 39 projects

By Adam Pincus Buyers recorded $136.9 million in new development condo purchases last week, distributed among 39 separate projects. Only two projects saw more than one sale. Buyers recorded 15 sales totaling $110.7 million in Manhattan, 17 sales totaling $16.5 million in Brooklyn and 11 sales totaling $9.8 million in Queens. The data is based on closed and recorded sales and does not include in…

City Skyline Realty pays $6M for 25-unit rental in West Harlem

City Skyline Realty through the entity 501 W 133 LLC paid Ruth Shomron’s College Realty LLC $5.9 million for 1480 Amsterdam Avenue in West Harlem. The deal closed on August 27, 2020, and was recorded on September 15, 2020. The transaction consists of 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 25 residential units. The property is…

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