FSA Capital through the entity Cpbspe LLC as borrower signed a refinance of its land loan with lender Ponce Bank valued at $7 million for the development site at 133-09 37th Avenue in Flushing, Queens. On the lot, there is one active new building construction project, Q00783360, for a 100-unit, 141,911 square-foot residential (R-2) mixed-use building. The project was submitted by FSA Capital with plans…
The Bruce Ratner Family through the entity Olive Partners, LLC as borrower signed a refi loan with lender Cathay Bank through the entity Cathay Bank valued at $10.1 million for the 20-unit residential elevator building (D6) at 224 Wythe Avenue in Williamsburg, Brooklyn. The deal closed on May 1, 2025 and was recorded on May 6, 2025. The prior lender was Blackstone Group which held…
Michael Niamonitakis’s Meridian Properties through the entity Prospect Realty Group LLC as borrower signed a refi loan with lender Berkadia Commercial Mortgage valued at $17 million for two residential elevator properties with 136 residential units including the 76-unit residential elevator building (D1) at 222 East 17th Street in Flatbush, Brooklyn and 60-unit residential elevator building (D1) at 200 East 17th Street in Flatbush, Brooklyn. The…
Haussmann Development through the entity 827 Sterling Owner LLC as borrower signed a refi loan with lender Barings through the entity DPI-Acres Capital LLC valued at $40.8 million for the newly built 76-unit residential elevator building (D3) at 827 Sterling Place in Crown Heights, Brooklyn. The deal closed on April 25, 2025 and was recorded on May 6, 2025. The prior lender was Urban Standard…
Chiu Hei Ng through the entity C.F. Ng Realty LLC paid $2.3 million to James H. Yu and Brian D. Yu for the mixed-use building (K4) at 36-14 Union Street in Flushing, Queens. The expected use is cash flowing. The deal closed on April 30, 2025 and was recorded on May 6, 2025. The property has 3,800 square feet of built space according to a…
Simkho Aranbayev through the entity 995 Fulton LLC paid $3.4 million to Mark Mehlman and David Gottlieb through the entity 273 Grand LLC for the nine-unit residential walkup building (C7) at 320 Lafayette Avenue in Clinton Hill, Brooklyn. The expected use is cash flowing. The deal closed on April 24, 2025 and was recorded on May 6, 2025. The property has 9,856 square feet of…
Greenbrook Partners through the entity 403 Myrtle Ave LLC paid $4.7 million to the entity Sanbern Corp. for the four-unit mixed-use building (S9) at 403 Myrtle Avenue in Clinton Hill, Brooklyn. The deal closed on May 2, 2025 and was recorded on May 6, 2025. The property has 3,120 square feet of built space and 6,493 square feet of additional air rights for a total…
Albert Nakash, a vice president at the shoe importer Rasolli Footwear, through the entity R & J Warehouse, Inc. paid $4.2 million to Vadim Brom and Vitaly Kontorovich through the entity 1702 Avenue Z, Inc. for the office and retail condominium units at 1702 Avenue Z in Sheepshead Bay, Brooklyn. The expected use is cash flowing. The deal closed on April 24, 2025 and was…
WellLife Network, a nonprofit, paid $8.7 million for a likely development site in Brownsville, Brooklyn, including 121 to 143 Osborn Street and 148-152 Watkins Street from the Russell and Brian Fedele, in two transactions. In the first, WellLife Network through the entity Osborn Street Housing Development Fund Corporation paid $5.2 million to Russell Fedele and Brian Fedele through the entity Fedele Properties, LLC for the…
The nonprofit affordable housing services provider Comunilife paid $13.5 million to Francmen Realty’s Ronald Menashe for likely development site at 164-02 to 164-08 Jamaica Avenue, in Jamaica, Queens, in three separate transactions. Builder BRP Companies is developing two large residential projects on the tax block. In the first transaction, Comunilife through the entity Comunilife Jamaica Housing Development Fund paid $6.8 million to Francmen Realty through…
Community Preservation Corporation files $32M pre-foreclosure in Hollis: The Community Preservation Corporation, which bought a portfolio of former Signature Bank loans, through the entity SIG RCRS C MF 2023 Venture LLC, alleges a $32 million loan originated in 2015 is in a payment default. The loan is secured by the 324-unit, four-building complex with the address 190-01 Woodhull Avenue in Hollis, Queens, which is owned…
Rockrose Development through the entity 110-114 Horatio Ii L.L.C. as borrower signed a refi loan with lender Equitable Financial Life Insurance Company through the entity Equitable Financial Life Insurance Company valued at $60 million for two residential elevator properties with 154 residential units including the 121-unit residential elevator building (D3) at 110 Horatio Street in West Village, Manhattan and 33-unit residential elevator building (D1) at…
Cornelius Sigety and Kinne Yon through the entity 1510 Associates LLC as borrower signed a refi loan with lender Northwestern Mutual Life Insurance valued at $70 million for the 298-unit residential elevator building (D6) at 1510 Lexington Avenue in Carnegie Hill, Manhattan. The deal closed on April 28, 2025 and was recorded on May 6, 2025. The prior lender was Northwestern Mutual Life Insurance which…
ZD Jasper Realty through the entity ZDJ Vernon LLC as borrower signed a construction loan with lender iCross Capital through the entity Elite 18 LLC valued at $95.3 million for the 186-unit, 192,316-square-foot development at 45-40 Vernon Boulevard in Long Island City, Queens. ZD Jasper Realty filed Q01078424, a new building project for the residential (R-2) building on July 23, 2024 and permitted April 29,…
Clipper Equity through the entity Dean Owner LLC as borrower signed a refi loan with lender Berkshire Residential Investments through the entity MF1 Capital LLC valued at $115 million for the 240-unit residential elevator building (D7) at 953 Dean Street in Crown Heights, Brooklyn. The deal closed on May 2, 2025 and was recorded on May 6, 2025. The prior lender was Valley National Bank…
UPDATED 9:15 a.m., May 7, 2025: GO-RE Group through the entity 88 Linden Equities LLC paid $28 million through a real estate owned (REO) transaction to Prophet Capital Asset Management through the entity Prophet Linden Corp for the 66-unit residential elevator building (D3) at 88 Linden Boulevard in Flatbush, Brooklyn. The expected use is cash flowing. The deal closed on May 1, 2025 and was…
UPDATED 12:02 p.m., May 8, 2025: CSC Real Estate, along with David Werner Real Estate Investments, through the entity 300 East Holdings LLC paid $52 million through a short sale to Meadow Partners and Somerset Partners through the entity 300 East 42nd Street Owner LLC for the office building (O6) at 300 East 42nd Street also known as 768 Second Avenue in Murray Hill, Manhattan….
Blackstone Group through the entity 835 6 Hotel Owner LLC paid $150 million to JD Carlisle and DLJ Real Estate Capital Partners through the entity 835 6th Ave Master LP for the 292-unit Kimpton Eventi Hotel at 835 Sixth Avenue in NoMad, Manhattan. The expected use is cash flowing. Bloomberg reported in January that the sale price was $175 million. It’s unclear the reason for…
432 Park condo owners seek $165M from sponsors, contractors: The residential section of the 432 Park Avenue condominium board alleges in a tort case filed April 25, 2025 in New York State Supreme Court, that the building’s sponsors CIM Group and Harry Macklowe’s Macklowe Properties along with its architect and contractors, hid concrete facade problems from buyers, leading to a claim of $165 million in…
Skyline Developers through the entity Walwilhal Associates, LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $18 million for the Léman Manhattan Preparatory School building (W8) at 41 Broad Street in Financial District, Manhattan. The deal closed on April 29, 2025 and was recorded on May 5, 2025. The prior lender was Capital One which held debt that had an original…
