TZ Capital through the entity TZ 111 Mercer Street LLC paid $6.5 million to Veracity Equities through the entity Mercer 111 Retail, LLC for the retail condo at 111 Mercer Street in SoHo, Manhattan. The expected use is cash flowing. This retail unit was subject to a pre-foreclosure case 850031/2023. A judgment of foreclosure was entered in April 2025, but with this sale the case with…
Igor Bron through the entity Partners 1602 LLC paid $12 million to Spyro Avdoulos through the entity A. Borden LLC for the school building (W1) at 47-09 36th Street in Sunnyside, Queens. The expected use is cash flowing. The deal closed on May 21, 2025 and was recorded on May 28, 2025. The property has 20,000 square feet of built space for a total buildable…
SomeraRoad through the entity Bossert Propco, LLC paid $100 million through a real estate owned to Beach Point Capital Management through the entity Bp Holdings Goldenrod LLC for the Bossert Hotel building (H9) at 98 Montague Street in Brooklyn Heights, Brooklyn. The expected use is cash flowing. The deal closed on May 23, 2025 and was recorded on May 28, 2025. The property has 187,200…
Indigo Developers and Joel Steinmetz through the entity 3567 Willett LLC as borrower signed a new construction loan with lender IceCap Group through the entity Ice Lender Holdings LLC valued at $6.5 million for the development building (V0) at 3567 Willett Avenue in Olinville, Bronx. On the lot, there is one active new building construction project, X01183559, for a 27-unit, 19,797 square-foot residential (R-2) building….
Anton Tinaj through the entity Ane 3377 LLC as borrower signed a initial loan with lender Self Reliance New York Federal Credit Union through the entity Self Reliance (NY) Federal Credit Union valued at $6.2 million for the 30-unit residential elevator building (D1) at 3377 Sedgwick Avenue in Kingsbridge Heights, Bronx. The deal closed on May 15, 2025 and was recorded on May 27, 2025….
Westbridge Realty Group, Zev Lefkowitz and Israel Weinberger through the entity 926 SZ LLC as borrower signed a new construction loan with lender IceCap Group through the entity Ice Lender Holdings LLC valued at $6.3 million for the 24-unit development at 926 Mother Gaston Boulevard in Brownsville, Brooklyn. On the lot, there is one active new building construction project, B01189780, for a 24-unit, 18,300 square-foot…
Yehuda Steinmetz, Yosef Beer, and Menachem M. Deutsch through the entity 216 Terrace LLC paid $3.2 million to the entity 216 Hewes Street Trust for the three-unit building (C0) at 216 Hewes Street in Williamsburg, Brooklyn. The expected use is cash flowing. The deal closed on April 29, 2025 and was recorded on May 27, 2025. The property has 3,480 square feet of built space…
Connor Rose Realty through the entity Connor Rose Essex, LLC paid $4.8 million to LAL Property Management through the entity L.A.L. Irwin Management Co., LLC for the nine-unit residential elevator building (D7) at 3174 Riverdale Avenue in Kingsbridge, Bronx. The expected use is cash flowing. The deal closed on May 21, 2025 and was recorded on May 27, 2025. The property has 12,143 square feet…
William Yagoda through the entity N9th LLC paid $6.2 million to David Winter and Arthur Heiserman through the entity 167 North Ninth Street Corp. for the 11-unit residential walkup building (C7) at 167 North 9th Street in Williamsburg, Brooklyn. The expected use is cash flowing. The deal closed on May 19, 2025 and was recorded on May 27, 2025. The property has 22,960 square feet…
Mordechai Schwimmer paid $12 million to the Pinto family for a five-parcel development site, that runs from 34-10 to 34-24 38th Street in Astoria, Queens, in two separate transactions. On these lots, there is one active new building construction project, Q01150703, for an 89-unit, 63,880 square-foot residential (R-2) building. The project was submitted by Mordechai Schwimmer on January 2, 2025 and it has not been…
GPS Realty NYC through the entity Mmj 36 Realty LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $6.5 million for two residential walkup properties with 29 residential units including the 18-unit walkup (C4) at 216 East 36th Street and the 11-unit walkup (C1) at 218 East 36th Street, both in Murray Hill, Manhattan. The deal closed on May 15, 2025…
Klein’s Naturals through the entity N.F.C. LLC as borrower signed a refi loan with lender Ameritas Mutual Holding Company through the entity Ameritas Life Insurance Corp. valued at $6.8 million for the industrial building (E9) at 4702 2nd Avenue in Sunset Park, Brooklyn. The deal closed on May 8, 2025 and was recorded on May 23, 2025. The prior lender was Bank of America which…
Margules Properties through the entity St. Clinton Properties I, LLC as borrower signed a refi loan with lender Derby Copeland Capital through the entity FCR DC JV LLC valued at $9.3 million for two walkups with 24 residential units including the 16-unit residential walkup building (C7) at 43 Clinton Street in the Lower East Side, and the eight-unit walkup (C4) at 29 St Marks Place…
Steven Sasson of ABC Super Stores through the entity 63-57 Fresh Pond Rd, LLC as borrower signed a refi loan with lender Deutsche Bank through the entity DBR Investments Co. Limited valued at $10 million for the newly built school building (W9) at 63-57 Fresh Pond Road in Ridgewood, Queens. The deal closed on April 21, 2025 and was recorded on May 23, 2025. The…
Vanbarton Group is partnering with Edmond M. Safra and Adnane Mousannif’s AVRS Partners in its conversion of the Sutton Place office building at 1011 First Avenue from an office building into a 420-unit residential building, court records filed last week disclosed. Vanbarton Group and AVRS Partners are paying the Roman Catholic Church’s Archdiocese of New York $103 million for the building, according to the contract,…
Longacre Asset Management, which is a joint venture of PH Realty Capital and Rockledge, recorded its second batch of purchases that form a portion of the $195.5 million purchase from Related Companies for multifamily rent-regulated rental buildings in the Bronx. This group of 11 buildings with approximately 649 units totaled $62.16 million, according to a PincusCo analysis of the transfer records and property records. PincusCo reported…
Eli Zabar through the entity 1411 Third LLC as borrower signed a refi loan with lender Webster Bank valued at $11.5 million for the retail condo at 1411 Third Avenue at the corner of 80th Street, in Yorkville, Manhattan. The deal closed on May 13, 2025 and was recorded on May 22, 2025. The prior lender was Flagstar Bank which held debt that had an…
Muss Development through the entity Allied Jamaica LLC as borrower signed a refi loan with lender Symetra Life Insurance Company valued at $24.9 million for the office building (O3) at 88-11 165th Street in Jamaica, Queens. The deal closed on April 28, 2025 and was recorded on May 22, 2025. The prior lender was Series 2013-LC12 which held debt that had an original loan amount…
Zachary Ehrlich’s Neue Urban through the entity 303 W 74th Nukin Investors LP paid $3.5 million to the entity HF Westside Real Estate LLC for the 10-unit residential walkup building (C1) at 303 West 74th Street in Upper West Side, Manhattan. The expected use is cash flowing. The deal closed on May 12, 2025 and was recorded on May 13, 2025. The property has 8,255…
Mortar Group through the entity 212 Huron MG LLC paid $3.2 million to James Vaneski for the eight-unit residential walkup building (C1) at 212 Huron Street in Greenpoint, Brooklyn. The expected use is cash flowing. The deal closed on May 15, 2025 and was recorded on May 22, 2025. The property has 5,500 square feet of built space according to a PincusCo analysis of city…
