Transfers

Bridge Investment Group acquired the 20,500-square-foot office building at 1367-1369 Broadway in the Garment District, Manhattan, from the Goldberg Group through an auction on May 14, 2025, which foreclosed a loan with a total judgment of $41.88 million. Bridge Investment Group, through the entity BDS III NY 1369 Broadway LLC, filed the pre-foreclosure action in 2022 against the Goldberg Group’s Broadway Star Realty LLC. Case…

Yellowstone Real Estate Investments filed a $44.5 million pre-foreclosure action Friday in New York State Supreme court alleging the loan it originated in early 2023 and secured by the Hotel @Times Square at 59 West 46th Street in Midtown West, Manhattan was in a maturity default. Case LINK Court filings represent the position of one party and are not necessarily accurate or complete. Yellowstone lent Paramdeep…

Two Trees Management and Madison Capital through the entity 118 2nd Ave LLC as borrower signed a refi loan with lender M&T Bank through the entity Manufactures And Traders Trust Company, valued at $27.5 million for five properties including the retail building (K8) at 118 2nd Avenue in Gowanus, Brooklyn, retail building (K8) at 73 12th Street in Gowanus, Brooklyn, and industrial building (G7) at…

Developer Hang Dong Zhang of B Square Realty through the entity 2627 Jackson LLC paid $5.6 million to Gregory Biel through the entity 2627 Realty Corp. for the industrial building (F4) at 26-27 Jackson Avenue in Long Island City, Queens. The expected use is ground up development. Rockrose Development owns several of the undeveloped properties on this block, including the adjacent building 26-25 Jackson Avenue….

Investmates through the entity Classon Bk Development LLC paid $6 million to Yehuda Cohen through the entity 820 Classon Management LLC for the seven-unit residential walkup building (C1) at 820 Classon Avenue in Crown Heights, Brooklyn. The expected use is cash flowing. On the lot, there is one active major alteration construction project, 321383150, for a nine-unit, 9,344 square-foot R-2 building. The project was submitted…

Montreal-based Mesdav Properties through the entity 211 W 58 NYC L.P. paid $7 million to Beethoven Pianos through the entity 232 Realty 3 Corp. for the 16-unit residential walkup building (C7) at 211 West 58th Street in Midtown West, Manhattan. The expected use is cash flowing. The deal closed on May 8, 2025 and was recorded on May 16, 2025. The property has 9,270 square…

Edward Adler through the entity King Enterprises Ltd. paid $7.7 million to Santina Mondelli through the entity M & T 412 Realty Corp. for the 34-unit residential elevator building (D3) at 412 East 81st Street in Yorkville, Manhattan. The expected use is cash flowing. The deal closed on May 1, 2025 and was recorded on May 16, 2025. The property has 22,500 square feet of…

UPDATED 1:40 p.m., May 19, 2025: The right-of-center nonprofit Rosenkranz Foundation paid $15 million to Taconic Partners, L+M Development Partners, and BFC Development Partners through the entity Site 3 Dsa Market LLC for the former retail food hall condominium unit and a second floor commercial unit, at 202 Broome Street at the Essex Crossing development in Lower East Side, Manhattan. The expected use is owner-occupied….

Hiuian Cheng, Bun Bun Cheng and Siu Ki Cheng through the entity Midtown West Hotel LLC as borrower signed a refi loan with lender Cathay Bank valued at $27.5 million for the Fairfield Inn & Suites New York Manhattan/Chelsea hotel building (H3) at 114-116 West 28th Street in Chelsea, Manhattan. The deal closed on May 13, 2025 and was recorded on May 15, 2025. The…

Abraham Lokshin through the entity LFL Partners, LLC as borrower signed a new construction loan with lender Popular Bank valued at $35.4 million for the development site at 1009 Second Avenue in Midtown East, Manhattan. On the lot, there is one active new building construction project, 121206569, for a 29-unit, 41,739 square-foot residential (R-2) building. The project was submitted by Abraham Lokshin with plans filed…

Ping Fai Chang through the entity Simple Spaces Real Estate LLC paid $5.5 million to the entity TRH Trading Corp. for the 14-unit residential walkup building (C8) at 25 Orchard Street in Chinatown, Manhattan. The expected use is cash flowing. The deal closed on April 29, 2025 and was recorded on May 15, 2025. The property has 12,325 square feet of built space and 1,862…

David Khayolan‘s Khaloyan Kapital through the entity 37 Orchard, LLC paid $6.2 million to Nancy Mak and Jackson Mak through the entity 37 Re, LLC for the 16-unit residential walkup building (C7) at 37 Orchard Street, 37A Orchard Street and also known as 68 Hester Street in Chinatown, Manhattan. The expected use is cash flowing. The deal closed on May 6, 2025 and was recorded…

The entity 1501 Third Avenue Partners LLC in care of Rosemark Management paid $7.8 million to SMA Equities, Francis Moezinia, and David Moussazadeh through the entity DMZ III 1501, LLC (and others) for the retail building (K2) at 1501 Third Avenue in Yorkville, Manhattan. This sale is for the existing building only, according to property records. The sellers retain the approximately 17,878 square feet of…

Truman Development & Management through the entity Sbiv GP LLC acquired through a $10.2 million entity level purchase from Center Development Corporation through the entity CDC Management Corporation, the 61-unit residential elevator building (D1) at 777 Fox Street, the 28-unit residential elevator building (D5) at 647 Fox Street, and the development parcel (V0) at 643 Fox Street, all in Longwood, the Bronx. The deal closed…

Mordechai Adler through the entity 646 Parkside Avenue LLC paid $16.5 million to Solomon Landau through the entity 646 Parkside LLC for the office building (O5) at 646 Parkside Avenue in Prospect Lefferts Gardens, Brooklyn. The expected use is conversion/addition. The deal closed on May 7, 2025 and was recorded on May 15, 2025. The property has 31,600 square feet of built space according to…