Titan Motor Group through the entity 101 Jamaica Parking LLC paid $2.8 million to Trevor Rupnarain through the entity Access Enterprises Inc. for the house of worship building (M1) at 133-17 101st Avenue and an adjacent parking lot (G7) on 101st Avenue in South Richmond Hill, Queens. The expected use is owner-occupied. The deal closed on May 27, 2025 and was recorded on May 29,…
Yeshivat Darche Eres, a private school with a focus on Brooklyn’s Syrian Jewish community, paid $8.8 million to EmblemHealth through the entity Health Insurance Plan Of Greater New York for the specialty building (I5) at 3245 Nostrand Avenue in Sheepshead Bay, Brooklyn. The expected use is owner-occupied. This is the fourth property the school has purchased since 2021. The deal closed on May 29, 2025…
Wan Tan Chang through the entity Fortune Franklin Holding LLC bought out partner Hui Li’s entity Jinde Trading LLC to take full control of the office building (O8) at 139-19 Franklin Avenue, and three two-unit mixed-use buildings (S2) at 139-11 to 139-17 Franklin Avenue in Flushing, Queens, in a deal valued at $5.2 million to buy out a 40 percent stake. The expected use is…
Ironside Realty through the entity IR Brooklyn NY, LLC as borrower signed a acquisition loan with lender Lead Bank through the entity Lead Bank valued at $7 million for the office building (O7) at 1435 86th Street in Bensonhurst, Brooklyn. The deal closed on April 18, 2025 and was recorded on May 28, 2025. The prior lender was Siemens Financial Services which held debt that…
TG Realty, led by Shlomo Tajerstein, through the entity 556 Lafayette LLC paid $2.6 million to Mayer Kohn through the entity Lafayette Residence LLC for the eight-unit residential walkup building (C1) at 556 Lafayette Avenue in Bedford Stuyvesant, Brooklyn. The expected use is cash flowing. The deal closed on May 13, 2025 and was recorded on May 28, 2025. The property has 8,800 square feet…
Alon Ashourzadeh through the entity 166 South 2nd LLC paid $2.9 million to Jose Garcia through the entity Garcia, Jose for the four-unit 1-4 family building (C3) at 166 South 2nd Street in Williamsburg, Brooklyn. The expected use is cash flowing. The deal closed on May 22, 2025 and was recorded on May 28, 2025. The property has 5,000 square feet of built space and…
Zhou Xu through the entity Mc15 Management LLC paid $3.5 million to CloudKitchens, also known as City Storage Systems, through the entity 15 Catherine Street NYC LLC for the development site at 15 Catherine Street in Chinatown, Manhattan. CloudKitchens operates ghost kitchens which it leases to users. The deal closed on April 30, 2025 and was recorded on May 28, 2025. The seller bought the…
Wolf Perl through the entity 951 Bedford LLC as borrower signed a refi loan with lender KeyBank valued at $10.5 million for the newly built 20-unit residential elevator building (D7) at 951 Bedford Avenue in Bedford Stuyvesant, Brooklyn. The deal closed on May 23, 2025 and was recorded on May 29, 2025. The prior lender was S3 Capital which held debt that had an original…
Shia Unsdorfer through the entity 222 16th St LLC as borrower signed a new construction loan with lender S3 Capital through the entity S3 Re 222 16th Funding LLC valued at $19.6 million for 32-unit development site at 2202 16th Street in South Slope, Brooklyn. On the lot, there is one active new building construction project, B00989327, for a 32-unit, 35,195 square-foot R-2 building. The…
Metro Loft Management and David Werner Real Estate Investments signed a new construction loan with Madison Realty Capital for $720 million for the conversion of two office buildings to residential with 1,602 units. Of that total, $540 million was recorded in property records in which the borrowers through the entity 219 Owner LLC signed a new construction loan with lender Madison Realty Capital through the…
Chhaya Community Development Corporation paid $3.2 million to Ataur Chowdhury and the estate of Hector Marichal through the entity Bali Associates LLC for the office building (O2) at 37-21 75th Street in Jackson Heights, Queens. The expected use is owner-occupied. The deal closed on May 6, 2025 and was recorded on May 29, 2025. The property has 5,534 square feet of built space according to…
Platinum Realty Associates through the entity 7001 Ave U NY LLC paid $3.5 million to Lori Falco Greenberg through the entity 7001 East 71st Street LLC for the development building (V1) at 7001 Avenue U in Bergen Beach, Brooklyn. The expected use is ground up development. The deal closed on May 16, 2025 and was recorded on May 29, 2025. The property has zero square…
The securitized trust Series 2022-C62 by Argentic Investment Management through the entity Wfcm 2022-C62 1835 Amsterdam Avenue LLC, acquired the 13-unit residential walkup building (C7) at 1835 Amsterdam Avenue in Harlem, Manhattan, through a $3.8 million deed-in-lieu of foreclosure. The former owner was Sternhell Holdings through its entity Amsterdam 1835 Holdings LLC. The expected use is to hold for sale The deal closed on May…
AB Realty Holdings Group through the entity AB Realty Holdings Group, LLC paid $4 million to Platinum Realty Associates through the entity 98 Metro IK LLC (and others) for the adjacent retail buildings (K1) at 1716-1722 Utica Avenue in Flatlands, Brooklyn. The expected use is cash flowing. The deal closed on April 17, 2025 and was recorded on May 29, 2025. The two properties have…
The entity PLT H&A, Inc., which is affiliated with the family of PLT energia founder Pierluigi Tortora of Milan, paid $22.4 million to Massimo Ferretti and Alberta Ferretti through the entity Ferrim USA, Inc. for the office building (O2) at 30 West 56th Street in Midtown West, Manhattan. The expected use is owner-occupied. The sellers are major owners of the luxury Italian holding company Aeffe…
A court-appointed state court foreclosure case referee set a July auction for the retail and garage condominium units at the base of the Halcyon, a 123-unit condominium Ziel Feldman’s HFZ Capital Group developed, which was completed about 10 years ago. He kept these two commercial units at 305 East 51st Street, which fell into default and now have a judgment of $29.9 million, according to…
Congregation Satmar through the entity Cong Satmar 13th Ave Inc. signed a contract as buyer to pay an undisclosed amount to the entity 4202 13 Ave LLC, in care of Israel Elbogen, for the retail building (O5) at 4202 13th Avenue in Borough Park, Brooklyn. No closing date was provided. The memorandum of contract was signed on April 3, 2025 and was recorded on May…
Blimie Perlstein through the entity 1321 Property LLC paid $4.3 million to Frank Lomangino through the entity J & F Realty Holding LLC for the industrial building (E1) at 1321 61st Street and the industrial building (G1) at 1325 61st Street in Dyker Heights, Brooklyn. The expected use is cash flowing. The deal closed on May 22, 2025 and was recorded on May 28, 2025….
Dvash Lefy through the entity Dvash Lefy LLC paid $5.5 million to Rabsky Group through the entity Wallabout Realty Corp. for multiple residential rental apartment units at 342 Wallabout Street in Williamsburg, Brooklyn. The deal closed on May 6, 2025 and was recorded on May 28, 2025. The apartments total 5,626 square feet on the third and fourth floors. The signatory for Rabsky Group was…
The entity Northern 158 Holding LLC at an address associated with the active investor Xiao Jun Chen, paid $6.4 million to Northern Boulevard Associates through the entity Northern Boulevard Associates LLC for the office building (O7) at 158-06 Northern Building in Murray Hill, Queens. The deal closed on May 20, 2025 and was recorded on May 28, 2025. The property has 9,000 square feet of…
