Cain International and Alchemy-ABR Investment Partners through the entity 125 West 57th Street Property Owner, LLC as borrower signed a loan with lender JPMorgan Chase valued at $195.8 million for the complete office building at 125 West 57th Street in Midtown West, Manhattan. The Real Deal reported on this last month, noting there was a mezzanine loan from Hudson Bay Capital, and the total debt…
Fei Guo through the entity Kg Atlantic Realty Holding Inc. paid $7.7 million through a real estate owned sale to former lender Amos Financial for the 19-unit residential elevator building (D3) at 929 Atlantic Avenue in Clinton Hill, Brooklyn. The expected use is cash flowing. The deal closed on May 27, 2026 and was recorded on June 15, 2026. The property has 17,469 square feet…
The United Arab Emirates-based owner of the stalled condominium conversion set for the upper portion of the building at 609 Fifth Avenue, in Midtown East, Manhattan, filed a chapter 11 bankruptcy petition yesterday, on the day a $70 million senior loan from Valley National Bank and Ben Harlev’s Be Aviv, secured by the property, matured. The owner, GW Assets FZE, based in Sharjah, United Arab…
Gorjian Real Estate Group through the entity GG West 57 Owner LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $14.7 million for the 50-unit residential elevator building (D1) at 425 West 57th Street in Hell’s Kitchen, Manhattan. The deal closed on June 5, 2026 and was recorded on June 12, 2026. The prior lender was Prime Finance which held debt…
Mendel Fleischman through the entity 35 Garden LLC as borrower signed a rehab construction loan with lender Be Aviv through the entity Badf West 35th Street Lender LLC valued at $16.5 million for the 166-unit conversion of the loft building at 254 West 35th Street in the Garment District, Manhattan. The deal closed on June 3, 2026 and was recorded on June 11, 2026. The…
Michael Aryeh, RoeCo LLC, and Yassky Properties through the entity 113 West LLC as borrower signed a refi loan with lender Flushing Bank through the entity Flushing Bank valued at $8.8 million for the 52-unit residential elevator building (D7) at 220 Wadsworth Avenue in Washington Heights, Manhattan. The deal closed on May 28, 2026 and was recorded on June 11, 2026. The prior lender was…
Loketch Group through the entity 158 Oxford LLC paid $11 million to Marc E. Lambrechts through the entity 158 Ny LLC for the development site at 158 South Oxford Street in Fort Greene, Brooklyn. The expected use is ground up development. On the lot, there is one active new building construction project, B01329666, for a 17-unit, 22,947 square-foot residential (R-2) building. The project was submitted…
Midwood Investment & Development and Stavros Niarchos family through the entity One Greenwich Retail Ecu Tic LLC paid $41 million to Samco Properties through the entity 405 Sixth LLC for the retail building (K1) at 403 Sixth Avenue in Greenwich Village, Manhattan. The expected use is cash flowing. The deal closed on June 8, 2026 and was recorded on June 12, 2026. The property has…
Shahram John Gatan through the entity BH 437 LLC paid $6.5 million to the Intner family Robert J. Intner through the entity 80th Street I LLC for the 31-unit residential walkup building (C7) at 437 East 80th Street in Yorkville, Manhattan. The expected use is cash flowing. The deal closed on May 12, 2026 and was recorded on June 12, 2026. The property has 23,346…
Artan Prelaj through the entity 2923-35 Third LLC paid $7.2 million to Aleksander Lakal through the entity 4119 Third LLC for the industrial building (G7) at 4121 3rd Avenue in Tremont, Bronx. The expected use is ground up development. On the lot, there is one active new building construction project, X01223342, for a 99-unit, 69,577 square-foot residential (R-2) building. The project was submitted by Aleksander…
Juan Qing Lu through the entity JMAL Group LLC paid $8 million to the Sirico family through the entity JHS Realty Associates for Sirico’s Caterers banquet hall covering five tax lots making up the retail at 8023 13th Avenue in Dyker Heights, Brooklyn. The deal closed on June 1, 2026 and was recorded on June 12, 2026. The five properties have 14,160 square feet of…
Hawkins Way Capital through the entity 117 W 70th Owner, LLC paid $80 million to American Musical and Dramatic Academy through the entity Manhattan Stratford Arms, Inc. for the dormitory, also known as a residence hall, building (H8) at 117 West 70th Street in Lincoln Square, Manhattan. The expected use is cash flowing as part of a sale-leaseback agreement. The American Musical Dramatic Academy, also…
Richina Lukes, CEO of L’Elite MediSpa, through the entity Lenox 335, LLC paid $5 million for the four-unit mixed-use building (S9) at 335 Lenox Avenue in Harlem, Manhattan. The expected use is owner-occupied. The location has been occupied by a different laser spa center, recent images of the building show. The deal closed on May 13, 2026 and was recorded on June 12, 2026. The…
Vesper Holdings through the entity 287 Wyckoff Assc. LLC paid $2.8 million to Cayuga Capital Management through the entity 287 Wyckoff LLC for the five-unit mixed-use building (S5) at 287 Wyckoff Avenue in Bushwick, Brooklyn. The expected use is cash flowing. The deal closed on May 20, 2026 and was recorded on June 12, 2026. The property has 4,050 square feet of built space and…
Two Kings Real Estate through the entity Tulip Hotels LLC as borrower signed a refi loan with lender Deutsche Bank through the entity German American Capital Corporation valued at $76.5 million for the Hilton Garden Inn New York/Manhattan-Chelsea hotel building (H2) at 121 West 26th Street in Chelsea, Manhattan. The deal closed on June 5, 2026 and was recorded on June 12, 2026. The prior…
CSC Real Estate paid $70 million to Perlbinder Realty for office and retail in Yorkville, Manhattan, in two transactions. The properties were sold under supervision of a New York State Supreme Court case, that sought a partition of these and other Perlbinder real estate assets resulting from a disagreement about how to manage them. In the first transaction, CSC Real Estate through the entity CSC…
CRE8 Equities through the entity New Way Holdings IV LLC as borrower signed a refi loan with lender Hanmi Bank valued at $5.5 million for the retail condo at 180 Sixth Avenue in SoHo, Manhattan. The deal closed on May 26, 2026 and was recorded on June 10, 2026. The prior lender was Emerald Creek Capital which held debt that had an original loan amount…
L+M Development Partners and Harlem Congregations For Community Improvement through the entity Seneca 110 Developer LLC as borrower signed a new construction loan with lender M&T Bank through the entity M&T Bank valued at $86.9 million for the specialty building (Y3) at 31 Central Park North in Harlem, Manhattan. The total financing was $97.8 million, Yimby reported in May. On the lot, there is one…
Global One Investments through the entity Henry Hudson Nelson Apartments LLC as borrower signed a refi loan with lender Citibank valued at $22.4 million for the 108-unit residential elevator building (D1) at 3240 Henry Hudson Pkwy East in Riverdale, the Bronx. Global One Investments, led by managing partners Michael Gerstein and Robert Nelson, owns real estate, while its affiliated company Nelson Management Group manages property….
The entity 1148 44dr NY LLC, in care of the law firm Yang & Yang, paid $4.8 million to the entity 1148 44 Dr LLC for the industrial building (G2) at 11-48 44th Drive in Long Island City, Queens. The expected use is ground up development. The deal closed on May 29, 2026 and was recorded on June 11, 2026. The property has 3,700 square…
