Transfers

Gindi family’s Century 21 pays $14.25M to Aldrich Stores for Bay Ridge retail

The Gindi family’s Century 21 paid $14.25 million to the Aldrich Stores for Bay Ridge retail in two separate transactions. In the first, Century 21 Inc. paid the Aldrich Stores Corp. $9.5 million for 460 86th Street in Bay Ridge. The deal closed on November 13, 2020, and was recorded on November 30, 2020. The transaction consists of 1 parcel, including the tax class multi-story…

Anthony LaConte pays $11.5M to Investors Bank for property in Brooklyn Heights

Anthony LaConte through the entity Investors Court Street, LLC paid Investors Bank $11.5 million for 81 Court Street in Brooklyn Heights. The deal closed on November 10, 2020, and was recorded on November 30, 2020. The transaction consists of 1 parcel, including the tax class office building with two to six stories (O2). The property is 15,000 square feet. The average sale price per square…

Joel Schwartz sells 50% stake in East New York newly built rental in $6.3M deal

Joel Schwartz’s Pitkin Place LLC sold a 50 percent stake in 2433 Pitkin Avenue in East New York valued at $6.3 million to Harold Weissman. The deal closed on November 16, 2020, and was recorded on November 30, 2020. The transaction consists of 1 parcel, including the tax class multifamily, fireproof – with stores (D6) and containing 32 residential units. The property is 32,434 square…

Frank Uchalik Jr. pays $5.2M to Louis Gigante for garage in Long Island City

Frank Uchalik Jr. through the entity Frf-NY LLC paid Louis Gigante’s Capricorn Realty LLC $5.2 million for 43-24 37th Street in Long Island City. The deal closed on November 20, 2020, and was recorded on November 30, 2020. The transaction consists of 1 parcel, including the tax class garage with two or more stories (G1). The property is 10,000 square feet. The parcel(s) have total…

Bayrock Capital pays $4.8M to Peter Ciregna for property in Pelham Parkway

Daniel Rabinowitz’s Bayrock Capital through the entity 1682 Partners LLC paid Peter Ciregna’s Stillwell Properties LLC $4.8 million for 1682 Stillwell Avenue in Pelham Parkway. The deal closed on November 25, 2020, and was recorded on November 30, 2020. The transaction consists of 1 parcel, including the tax class fireproof warehouse (E1). The property is 11,250 square feet. The parcel(s) have total development potential of…

Pasquale DeBenedictis borrows $39.6M from KeyBank for nursing home in Jamaica Hills

Pasquale DeBenedictis through the entity Chapin Acquisition II, LLC as borrower signed a loan agreement with lender KeyBank valued at $39.6 million for 1 parcel, including the tax class nursing home (I6) at 164-11 Chapin Parkway in Jamaica Hills. The deal closed on September 30, 2020 and was recorded on November 30, 2020. The property contains a total of 97,766 square feet of built space….

Omek Capital borrows $10.9 M from Greystone & Co. for property in Central Harlem

Omek Capital through the entity 240 Lenox LLC as borrower signed a loan agreement with lender Greystone & Co. valued at $10.9 million for 3 parcels, including the tax class multifamily, five to six families (C2) and containing 24 residential units at 240 Lenox Avenue, 2064 Fifth Avenue, and 56 East 130th Street in Central Harlem. The deal closed on November 12, 2020 and was…

Joseph Rishty borrows $6.5M from Investors Bank for retail in Tremont

Joseph Rishty through the entity Grandside Realty, LLC as borrower signed a loan agreement with lender Investors Bank valued at $6.5 million for 1 parcel, including the tax class one-story store building (K1) at 2029 Grand Concourse in Tremont. The deal closed on November 19, 2020 and was recorded on November 30, 2020. The property contains a total of 14,000 square feet of built space….

Century 21 Inc. borrows $5.8M from Aldrich Stores for retail purchase in Bay Ridge

The Gindi family’s Century 21 Inc. as borrower signed a purchase money mortgage loan agreement with lender Aldrich Stores through the entity 448-86th Street Realty Corp valued at $5.8 million for 2 parcels, including the tax class multi-story department store (K3) at 448 86th Street and 460 86th Street in Bay Ridge. The deal closed on November 13, 2020 and was recorded on November 30,…

Kalimian family sells stakes in two properties valued at $87.7M to Nina, Abner Ohebshalom

Kalimian family entities sold stakes in two properties valued at $87.7 million to Nina and Abner Ohebshalom in two transactions. In the first, Nina and Abner Ohebshalom acquired an interest from the Kalimian family through the entity New York Flower LLC valued at $60 million for 1 parcel, including the tax class office building with commercial with seven to 19 stories (O6) at 220 East…

Rybak Development pays $26M to JPMorgan Chase for UES development property

Rybak Development through the entity 126 East 86th Street Development LLC paid JPMorgan Chase Bank $26 million for 124 East 86th Street in the Upper East Side. The deal closed on November 2, 2020, and was recorded on November 27, 2020. The transaction consists of 1 parcel, including the tax class bank building with or without parking (K7). The contract date was January 23, 2020….

Elias Kalimian sells stake in UWS rental valued at $15.5M to Lila Kalimian

Elias Kalimian sold a stake in an Upper West Side rental building valued at $15.5 million to Lila Kalimian. The property is the tax class multifamily, semi-fireproof (without stores) (D1) and containing 86 residential units at 10 West 74th Street in the Upper West Side. The deal closed on August 1, 2020 and was recorded on November 27, 2020. The property contains a total of…

Pears brothers pay $11.5M to Friedman Management for unsold condos in Midtown East

The Pears brothers through the entity Tremada Continental 48th Street LLC paid Friedman Management’s 321E48 Realty LLC $11.5 million for 36 unsold condo units at the Continental at 321 East 48th Street in Midtown East. The deal closed on November 16, 2020, and was recorded on November 27, 2020. The transaction consists of 36 parcels, including the tax class high-rise condominium apartment/elevated, residential unit (R4)…

Ian Brown pays $7.3M to Auto Care East for UES garage

Ian Brown through the entity Route 97 Realty LLC paid Auto Care East, Inc.’s 434 East 77th Street LLC $7.3 million for 434 East 77th Street in the Upper East Side. The deal closed on November 17, 2020, and was recorded on November 27, 2020. The transaction consists of 1 parcel, including the tax class garage with two or more stories (G1). The property is…

ECR Realty pays $3.7M for Tribeca commercial acquired in 2016 for $7M

Eric Roth’s ECR Realty Corp. through the entity 124 LLC paid MNM Properties’s 124 Chambers Street Partners LLC $3.7 million for 124 Chambers Street in Tribeca. The deal closed on November 19, 2020, and was recorded on November 27, 2020. The transaction consists of 1 parcel, including the tax class retail building with apartments above (K4) and containing 5 residential units. The property is 10,359…

RAGHSA Real Estate borrows $120M from Wells Fargo for rental purchase in East Village

The Argentinian firm RAGHSA Real Estate through the entity 14th Street Associates, L.P. as borrower signed a loan agreement with lender Wells Fargo valued at $120 million for the residential portion of at 842 Broadway in East Village. The deal closed on November 19, 2020 and was recorded on November 27, 2020. The Argentinian firm RAGHSA acquired the residential rental portion of the building from…

Turner Towers cooperative in Prospect Heights borrows $25M from Morgan Stanley

The Turner Towers cooperative signed a loan agreement with lender Morgan Stanley Bank valued at $25 million for 1 parcel, including the tax class cooperative (D4) and containing 186 residential units at 135 Eastern Parkway in Prospect Heights. The deal closed on October 29, 2020 and was recorded on November 27, 2020. The property contains a total of 220,000 square feet of built space. The…

Rybak gets $16M construction loan from Valley National for UES development

Rybak Development through the entity 126 East 86th Street Development LLC as borrower signed a loan agreement with lender Valley National Bank valued at $16.2 million for 1 parcel, including the tax class bank building with or without parking (K7) at 124 East 86th Street in the Upper East Side. The deal closed on November 2, 2020 and was recorded on November 27, 2020. Rybak…

Gindi family borrows $11M from Gerber Finance for property in Bay Ridge

The Gindi family through the entity 438 87th Street Company as borrower signed a loan agreement with lender Gerber Finance valued at $11 million for 4 parcels, including the tax class fireproof warehouse (E1) at 416 87th Street, 436 87th Street, 423 88th Street, and 415 88th Street in Bay Ridge. The deal closed on November 12, 2020 and was recorded on November 27, 2020….

Melissa Schiff sells West Village townhouse for $31M

The entity FRVRHM LLC with the signatory Yael Aflalo paid Melissa Schiff’s Wiley Coyote Holdings LLC $31 million for 263 West 11th Street in the West Village. The deal closed on November 4, 2020, and was recorded on November 27, 2020. The transaction consists of 1 parcel, including the tax class two-family, brick (B1) and containing 2 residential units. The property is 6,650 square feet….

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