InterVest Capital Group, the company formerly known as Wafra Capital Partners, filed a $126.4 million pre-foreclosure action against an affiliate of Tribeca Investment Group which controls the office building at 30 Broad Street in the Financial District of Manhattan. Tribeca controls it through a long-term ground lease. The case was filed in New York State Supreme Court in Manhattan yesterday. Case LINK According to the…
Equity Resource Investments and SNL Storage through the entity SNL Orix Third Ave, LLC as borrower signed a refi loan with lender Extra Space Storage Inc. through the entity Extra Space Capital LLC valued at $7.1 million for the storage building (E7) at 629 3rd Avenue in Greenwood Heights, Brooklyn. The deal closed on April 5, 2024 and was recorded on July 25, 2024. The…
GMC Parking through the entity 231-243 East 94th Street LLC as borrower signed a refi loan with lender Apple Bank through the entity Apple Bank valued at $12.5 million for two industrial properties including the parking buildings (G1) at 231-239 East 94th Street and 241-243 East 94th Street in Yorkville, Manhattan. The deal closed on July 11, 2024 and was recorded on July 25, 2024….
Triangle Equities through the entity South Conduit Warehouse Owner, LLC as borrower signed a refi loan with lender LoanCore Capital through the entity Loancore Capital Credit REIT LLC valued at $85 million for the property at 130-02 South Conduit Avenue in South Ozone Park, Queens. The financing represents an increase of $25 million through a gap loan over the prior debt of $60 million provided…
Randy Polumbo of Plant Construction through the entity 268 Water Street Realty LLC paid $3.8 million to Francesca Montagna through the entity 48-54 Bogart Street LLC for the likely development site composed of four industrial properties from 48 Bogart Street to 54 Bogart Street in East Williamsburg, Brooklyn. The deal closed on July 17, 2024 and was recorded on July 25, 2024. The four properties…
The entity Reservoir LLC paid $7.9 million to the owners of Beginnings Nursery School through the entity Blue Door Realty LLC for the school building (W9) at 130 East 16th Street in Gramercy, Manhattan. The preschool is located in the building. The deal closed on July 19, 2024 and was recorded on July 25, 2024. The property has 7,030 square feet of built space and…
Shlomo Lehrman through the entity Cozy Terrace LLC paid $8 million to Helen Webster through the entity Sheffah Development Group LLC for the development site (V1) with the approximate address of 301 Wadsworth Terrace in Washington Heights, Manhattan. The deal closed on July 9, 2024 and was recorded on July 25, 2024. The property has zero square feet of built space and 44,720 square feet…
Urban American Management through the entity UA 34th Street II, LLC acquired an interest from the US Masters Residential Property Fund through the entity 34 Astoria Investors LLC, valued at $8.4 million for the 36-unit residential walkup building (C1) at 30-58 34th Street and the 36-unit residential walkup building (C1) at 30-64 34th Street in Astoria, Queens. The fund is an affiliate of the insolvent…
Nortco Development through the entity Amsterdam 88 LLC as borrower signed a refi loan with lenders Bank Hapoalim and Northwind Group valued at $26 million for four properties with 56 residential units from 568 to 574 Amsterdam Avenue on the Upper West Side of Manhattan. The deal closed on July 17, 2024 and was recorded on July 24, 2024. The prior lender was Bank Hapoalim…
Maurice Kohan through the entity Khiarshour LLC bought a note with an original principal of $7 million from Citizens Bank secured by Walter & Samuels’s 25-unit residential walkup building (C7) at 1854 Second Avenue in Yorkville, Manhattan. The deal closed on July 3, 2024 and was recorded on July 24, 2024. The prior lender was Citizens Bank which held debt that had an original loan…
David Mandelbaum and Michael Mandelbaum through the entity 245 West 55th St LLC as borrower signed a renovation construction loan with lender Bank OZK valued at $52.5 million for a conversion of an office building (O3) at 245 West 55th Street in Midtown West, Manhattan, into a 42-unit residential building. The loan closed on July 16, 2024 and was recorded on July 24, 2024. The…
Spencer An through the entity Spenceran, Inc. as borrower signed a refi loan with an affiliate of the same Spencer An, the entity BG Myrtle Capital LLC, valued at $80 million for the 11-story, 233-unit rental located at 1100 Myrtle Avenue in Bedford Stuyvesant, Brooklyn. The building is known as the MC. The deal closed on July 15, 2024 and was recorded on July 24,…
The entity 225 Bowery LLC as borrower, which owns the Lower East Side hotel at 225 Bowery, signed a refi loan with lender Northwind Group through the entity 225 Bowery Lender LLC valued at $85.3 million. The entity 225 Bowery LLC is exiting bankruptcy after the property’s former owner David Paz placed the highly litigated building into bankruptcy. The deal closed on July 18, 2024…
Blank Property Group through the entity 630 Humboldt Street LLC paid $1.9 million to Barbara Wala for the two-unit mixed-use building (S2) at 630 Humboldt Street in Greenpoint, Brooklyn. The deal closed on July 17, 2024 and was recorded on July 24, 2024. The property has 2,241 square feet of built space and 2,516 square feet of additional air rights for a total buildable of…
Ehrlicha Kinder paid $4.1 million to Rocco Mesiti for the three-unit building (C0) at 1362 62nd Street and the two-unit building (B2) at 1366 62nd Street in Dyker Heights, Brooklyn. The property is adjacent to a Mosdos Satmar BP school development site. The deal closed on June 27, 2024 and was recorded on July 24, 2024. The two properties have 2,920 square feet of built…
Susan Showsan Lin through the entity Senary Group Holdings, L.P. paid $6 million to Forrest Partners through the entity Ddcm 133 Ludlow LLC for the five-unit residential walkup building (C4) at 98 Rivington Street in Lower East Side, Manhattan. The deal closed on June 25, 2024 and was recorded on July 24, 2024. The property has 4,300 square feet of built space and 2,293 square…
Maheshchand Ratanji through the entity Southern Blvd Hotel LLC as borrower signed a refi loan with lender State Bank of Texas valued at $15 million for the hotel building (H9) at 1122 Southern Boulevard in East Morrisania, Bronx. The deal closed on July 16, 2024 and was recorded on July 23, 2024. The prior lender was State Bank of Texas which held debt that had…
Herman Kaufman through the entity Glenwood Residence LLC as borrower signed a refi loan with lender Webster Bank valued at $14.6 million for the 38-unit rental at 3308 Glenwood Road in East Flatbush, Brooklyn. On the lot, there was a new building project, B00674044, for a 38-unit, 25,587 square-foot R-2 building submitted by Herman Kaufman and filed by Herman Kaufman with plans filed February 15,…
Atlantis Development through the entity 2001 Creston LLC as borrower signed a refi loan with lender UBS through the entity UBS AG valued at $18 million for the 49-unit residential elevator building (D7) at 2001 Creston Avenue in Mt Hope, Bronx. The deal closed on July 12, 2024 and was recorded on July 23, 2024. The prior lender was NorthEast Community Bank which held debt…
Platinum Realty Associates and Simkho Aranbayev through the entity 114 East 183rd LLC paid $4.2 million to Patrick Rood through the entity 309 Seventh Avenue Realty Corp for the six-unit mixed-use building (S9) at 309 7th Avenue in Park Slope, Brooklyn. The deal closed on July 10, 2024 and was recorded on July 23, 2024. The property has 6,028 square feet of built space according…
