Transfers

Charney Companies through the entity 95 Rockwell Property Owner LLC as borrower signed a new construction loan with lender Madison Realty Capital through the entity 95 Rockwell 1 LLC valued at $85 million for the 182-unit condominium development at 95 Rockwell Place in Fort Greene, Brooklyn. The $85 million is the secured portion of the $135 million total that BH3 Fund Advisors and Madison Realty…

UPDATED 8:40 a.m., May 14, 2025: Haussmann Development through the entity 16 Convent LLC paid $7.5 million to Global Asset Properties through the entity 116 Convent Avenue LLC for the development site (G7) at 16 Convent Avenue in Harlem, Manhattan. The expected use is ground up development. The deal closed on May 7, 2025 and was recorded on May 12, 2025. The property has zero…

UPDATED 11:55 a.m., May 13, 2025: An anonymous owner through the entity 432 Hudson LLC paid $8.7 million to an affiliate of investor Judah Wassner through the entity Hudson 432 LLC for the three-unit mixed-use building (S3) at 432 Hudson Street in West Village, Manhattan. The deal closed on May 6, 2025 and was recorded on May 12, 2025. The property has 4,424 square feet…

The nonprofit Ohel Children’s Home and Family Services through the entity 185 Hillside Housing Development Fund Corporation paid $7 million to Eduard Kandov and Elijohu Teitz through the entity 18517 Hillside LLC for the specialty building (I9) at 185-17 Hillside Avenue in Jamaica Estates, Queens. The expected use is owner-occupied ground up development. According to the Ohel website, the organization provides social services and mental…

Sabet Group through the entity 19 E 71 Holdings LLC paid $10 million to Gary Rubin through the entity 19 East 71st Street LLC for the four-unit mixed-use building (S9) at 19 East 71st Street in Lenox Hill, Manhattan. The expected use is cash flowing. The deal closed on April 30, 2025 and was recorded on May 9, 2025. The property has 9,120 square feet…

A heating and cooling contractor, Maric Mechanical through the entity Maric 310 LLC paid $10.3 million to BNS Real Estate through the entity 157 West Street, LLC for the industrial building (E1) at 310 Tiffany Street in Hunts Point, Bronx. The expected use is owner-occupied. This is at least the 12th property sale for BNS Real Estate since 2023, according to PincusCo records. The deal…

Jan Soleimani, founder of Bokara Rug Company, through the entity JS 276, LLC, along with partners, bought out other partners at the office building (O6) at 276 Fifth Avenue in NoMad, Manhattan. The total value of the transaction was $62 million. The deal closed on April 29, 2025 and was recorded on May 9, 2025. The property has 133,300 square feet of built space and…

Amazon paid a total of $456 million to RFR Holding for the commercial condominium office and retail building at 522 Fifth Avenue in a transfer tied to three separate transactions. The Commercial Observer reported the total price at $456 million. As of publication, property records showed Amazon had paid $340 million for the office portion of the building to RFR Holding. In a related transaction,…

The New York State Supreme Court published an order late last month memorializing the termination of the RFR Holding ground lease at the Chrysler Building at 405 Lexington Avenue in Grand Central, Manhattan, three months after the court’s Justice Jennifer G. Schecter initially ruled against RFR Holding and seven months after the lease termination date set in the ruling. The fee is owned by Cooper…

Gzim Celaj through the entity 2785 University Owners LLC paid $5.4 million to the entity 2785 University Corp. for the 60-unit residential elevator building (D1) at 2785 University Avenue in Kingsbridge Heights, Bronx. The expected use is cash flowing. The deal closed on April 30, 2025 and was recorded on May 8, 2025. The property has 78,300 square feet of built space according to a…

Dharmanandan Diamonds through the entity Shreeji 50 West Realty LLC paid $9.6 million to Leo Schachter Diamonds through the entity Askupa (West), LLC for the office condo at 50 West 47th Street in Midtown West, Manhattan. The expected use is owner-occupied. The deal closed on April 3, 2025 and was recorded on May 8, 2025. The property has 7,431 square feet of built space according…

St. Ann’s School paid $16 million to Jonathan Rose Companies through the entity 181 Montague, LLC for the property at 140-142 Pierrepont Street in Brooklyn Heights, Brooklyn. The expected use is owner-occupied. The deal closed on April 30, 2025 and was recorded on May 8, 2025. The property has 21,292 square feet of built space according to a PincusCo analysis of city data. The sale…

UPDATED 10:35 a.m., June 17, 2025: Maddd Equities and Stagg Group paid $29.965 million to two sellers in two transactions for a development site in Fordham Manor, the Bronx, city records show. The developers plan an 800,000 square foot project with more than 500 dormitory units and 485 units of affordable housing, according to The Real Deal. In the first, Maddd Equities and Stagg Group…

UPDATED 9:50 a.m., May 9, 2025: Michael Shah’s Delshah Capital filed two related bankruptcy petitions yesterday under chapter 11, with the consent of the special servicer for the defaulted, securitized $28 million loan covering 58-60 Ninth Avenue and 69 Gansevoort Street in the Meatpacking District in Manhattan, which combined are valued at $30 million. The special servicer for the loan filed a pre-foreclosure action in…

Eduart Shllaku through the entity Olmstead Avenue Realty II LLC paid $13.3 million to Scharfman Organization through the entity 1266 Olmstead Avenue, L.L.C. for the 122-unit residential elevator building (D1) at 1266 Olmstead Avenue in Unionport, Bronx. The expected use is cash flowing. The deal closed on April 29, 2025 and was recorded on May 7, 2025. The property has 126,054 square feet of built…