Transfers

Carnegie Hill rental sells for $27.25M, or $11M less than 2016 sale price

By Adam Pincus A Canadian real estate investment firm that sought to convert a Carnegie Hill rental building into condominiums sold it this month for $11 million less than its 2016 purchase price. Montreal-based Crest Realties sold the 38-unit 118 East 93rd Street on February 3, 2020, to Anthony Gazivoda’s Gazivoda Realty, for $27.5 million or $636 per square foot. Crest, led by Bruno Caruso…

Wildflower Ltd. pays $23M for half a city block of industrial property in Maspeth

Adam Gordon’s Wildflower Ltd., through the entity WF Industrial V LLC paid the the Parisi Family Limited Partnership $23.3 million for a half a city block with an address of 48-23 55th Avenue in Maspeth. The deal closed on February 7, 2020, and was recorded on February 14, 2020. The transaction consists of 1 parcel with 80,000 square feet of land, which includes three industrial…

Joel Schwartz pays $8M to David Damaghi for property in Ocean Hill

Joel Schwartz through the entity Broadway 1884 LLC paid David Damaghi’s 1892 Broadway Associates, Inc. $8.0 million for 1884 Broadway, 261 Hull Street, 257 Hull Street in Ocean Hill. The deal closed on February 5, 2020, and was recorded on February 14, 2020. The transaction consists of 3 parcels, including the tax class church, synagogue, chapel (M1). The parcel(s) have total development potential of 32,913…

Prana Investments pays $7M to Elizabeth Crane of Rosedale Management for multifamily property in Soundview

Prana Investments through the entity 1491-1493 Watson Ave. LLC paid Elizabeth Crane of Rosedale Management as signatory’s AF&G Realty Associates, LLC $7.1 million for 1491 Watson Avenue in Soundview. The deal closed on February 6, 2020, and was recorded on February 14, 2020. The transaction consists of 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 60 residential units. The property…

Madison Marquette, Perella Weinberg borrow $62M from Citizens Bank for BankNote Building in Hunts Point

Madison Marquette and Perella Weinberg Partners through the entity Lafayette Avenue LLC as borrower signed a loan agreement with lender Citizens Bank, N.A. valued at $62.0 million for 1 parcel, including the tax class office building with two to six stories (O2) at 1201 Lafayette Avenue in Hunts Point. The deal closed on January 22, 2020 and was recorded on February 14, 2020. The property…

Yaniv Cohen’s Nexus Building Development Group borrows $31M from Be Aviv 82nd Street Funding LLC for property in the Upper East Side

Yaniv Cohen’s Nexus Building Development Group through the entity DRK Third Avnue LLC as borrower signed a loan agreement with lender Be Aviv 82nd Street Funding LLC through the entity Be Aviv 82nd Street Funding LLC valued at $30.5 million for 1 parcel, including the tax class multifamily, fireproof – with stores (D6) and containing 9 residential units at 1444 3rd Avenue in the Upper…

Nexus Building Development Group borrows $29M from Bank Leumi for LES new development

Yaniv Cohen’s Nexus Building Development Group through the entity 167-171 Chrystie LP as borrower signed a loan agreement with lender Bank Leumi USA valued at $28.5 million for 169 Chrystie Street, 167 Chrystie Street in Lower East Side. The deal closed on December 5, 2019 and was recorded on February 14, 2020. Plans were filed in August 2018 for a 78-unit, 58,171-square-foot building. Over the…

Wildflower Ltd. borrows $17M from Voya Investment Management for purchase of industrial property in Maspeth

Adam Gordon’s Wildflower Ltd. through the entity WF Industrial V LLC as borrower signed a loan agreement with lender Voya Investment Management LLC valued at $16.8 million for 1 parcel, including the tax class fireproof warehouse (E1) at 48-23 55th Avenue in Queens. The deal closed on February 7, 2020 and was recorded on February 14, 2020. Wildflower purchased the property on the same day…

Gazivoda Realty borrows $17M from New York Community Bank for the purchase of multifamily property in Carnegie Hill

Gazivoda Realty through the entity Gazivoda 118 LLC as borrower signed an acquisition loan agreement with lender New York Community Bank valued at $16.5 million for 1 parcel, including the tax class multifamily, fireproof (standard construction without stores) (D3) and containing 38 residential units at 118 East 93rd Street in Carnegie Hill. The deal closed on February 3, 2020 and was recorded on February 14,…

Joel Schwartz borrows $13M from Tony Yaghouby’s Tideway Capital Group for property acquisition in Ocean Hill

Joel Schwartz through the entity Broadway 1884 LLC as borrower signed an acquisition loan agreement with lender Tony Yaghouby’s Tideway Capital Group through the entity Yta LLC valued at $12.7 million for 4 parcels, including the tax class church, synagogue, chapel (M1) and containing 3 residential units at 1884 Broadway, 1892 Broadway, 261 Hull Street, 257 Hull Street in Ocean Hill. The deal closed on…

Willowick Properties borrows $11M from Signature Bank for multifamily property in West Village

Steven Gautier-Winther’s Willowick Properties through the entity 277 West 11th LLC as borrower signed a loan agreement with lender Signature Bank valued at $10.9 million for 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 36 residential units at 277 West 11th Street in West Village. The deal closed on January 31, 2020 and was recorded on February 14,…

Paul Gjonaj borrows $8M from Northeast Community Bank for multifamily property in Tremont

Paul Gjonaj through the entity Crotona Avenue Developers LLC as borrower signed a loan agreement with lender Northeast Community Bank valued at $8.4 million for 1 parcel, including the tax class land zoned residential, except not Manhattan below 110th Street (V0) and containing 64 residential units at 1911 Crotona Avenue in Tremont. The deal closed on December 6, 2019 and was recorded on February 14,…

Jonathan Gallen sells UWS townhouse for $18.2M

The entity EBBM Partners, LLC paid Jonathan Gallen, managing director of Cerberus Capital Management, $18.2 million for 22 West 74th Street in the Upper West Side. The deal closed on February 5, 2020, and was recorded on February 14, 2020. The transaction consists of 1 parcel, including the tax class single-family, city residence (A4). The parcel(s) have total development potential of 10,219 square feet. The…

UBS Realty Investors pays $56M to Greystone Development for multifamily property in Clinton Hill

UBS Realty Investors through the entity Steuben Street/Myrtle Avenue Apartments Owner LLC paid Greystone Development, an affiliate of Greystone & Co.’s Clinton Hill Development I LLC $55.9 million for 100 Steuben Street, 531 Myrtle Avenue, 531 Myrtle Avenue in Clinton Hill. The deal closed on January 23, 2020, and was recorded on February 13, 2020. The transaction consists of 3 parcels, including the tax class…

Rockrose Development pays $26M to Cab Management Corp. for development site in Long Island City

Rockrose Development through the entity 27-34 Jackson L.L.C. paid James Vasey’s Cab Management Corp.’s Cab Management Corp. $26.0 million for 27-34 Jackson Avenue in Long Island City. The deal closed on February 7, 2020, and was recorded on February 13, 2020. The transaction consists of 1 parcel, including the tax class garage with two or more stories (G1). The property is 3,137 square feet. The…

Turnbridge Equities locks in third, fourth piece of Mott Haven assemblage for $15.3M

Ryan Nelson’s Turnbridge Equities locks in third and fourth piece of a Mott Haven assemblage for $15.3 million. In one of those transactions, Ryan Nelson’s Turnbridge Equities through the entity 940 East 149 Property LLC paid Francisco Garcia’s F & J Master Sales Corp. $9.0 million for 940 East 149th Street in Mott Haven. The deal closed on December 18, 2019, and was recorded on…

Caro Enterprises sells two buildings on the Upper East Side for $13.9M

Signatory Vincent Ventura purchased two buildings from Caro Enterprises in two transactions, totaling $13.9 million. In the first, Signatory Vincent Ventura through the entity 1368 York LLC paid Christian Pompa’s Caro Enterprises’s Cornerstone York LLC $7.8 million for 1368 York Avenue in the Upper East Side. The deal closed on January 31, 2020, and was recorded on February 13, 2020. The transaction consists of 1…

Philips International pays $9M to R&E Property Corp. for property in Forest Hills

Philip Pilevsky’s Philips International through the entity Forest Hills 17 LLC paid Richard Wender’s R&E Property Corp.’s R. & E. Property Corp. $8.8 million for 107-17 71st Avenue in Forest Hills. The deal closed on December 17, 2019, and was recorded on February 13, 2020. The transaction consists of 1 parcel, including the tax class bank building with or without parking (K7). The property is…

Rockrose Development inks purchase or lease option with Concord Village for development site in Dumbo

Rockrose Development through the entity RRDC Properties L.L.C. signed an option agreement with Concord Village Owners for a portion of the complex that is now a parking lot, at 71 Sands Street in Dumbo. The deal closed on June 27, 2019, and was recorded on February 13, 2020. Concord Village is a large cooperative complex with more than 1,000 units. This is a first right…

Moinian Group borrows $105M from Bank of China for new rental in Clinton

Moinian Group through the entity Mezuyon Owner LLC as borrower signed a loan agreement with lender Bank of China through the entity Bank Of China, New York Branch valued at $105.0 million for 1 parcel, including the tax class multifamily, fireproof – with stores (D6) and containing 165 residential units at 572 11th Avenue in Clinton. The deal closed on February 11, 2020 and was…

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