Durst Organization through the entity Dolp 655 Properties II LLC as borrower signed a refi loan with lender Citibank through the entity Citi Real Estate Funding Inc. valued at $70 million for the office building (O4) at 655 Third Avenue in Murray Hill, Manhattan. The deal closed on April 21, 2025 and was recorded on May 5, 2025. The prior lender was Citibank which held…
Yellowstone Real Estate Investments through the entity Ys 541 Lexington Owner, LLC as borrower signed a refi loan with lender Bank Hapoalim through the entity Bank Hapoalim, B.M valued at $113 million for the hotel building (H1) at 541 Lexington Avenue in Midtown East, Manhattan. The deal closed on April 30, 2025 and was recorded on May 5, 2025. The prior lender was Fortress Investment…
Bungalow Projects through the entity NYM 215 Moore, LLC paid $1 million to Abdallah Njeim through the entity Azna Realty LLC for the industrial building (E9) at 187 Moore Street in East Williamsburg, Brooklyn. The expected use is cash flowing. The deal closed on April 24, 2025 and was recorded on May 5, 2025. The property has 3,948 square feet of built space for a…
Baker Capital Group through the entity 56 Clover Realty LLC paid $6 million to the Bonura family through the entity Cloverpark Home Associates, LLC for three buildings including 56-11 Clover Place in Glendale, Queens, that are divided into 28 residential condominium units. The deal closed on April 29, 2025 and was recorded on May 5, 2025. The 28 units have 18,316 square feet of built…
Targo Capital Partners through the entity 201 Second Property Owner LLC paid $7.9 million to FBE Limited through the entity 201 2nd Ave Realty LLC for the eight-unit residential walkup building (C7) at 201 2nd Avenue in East Village, Manhattan. The expected use is cash flowing. The deal closed on April 30, 2025 and was recorded on May 5, 2025. The property has 8,975 square…
Summit Properties, a subsidiary of Israel-based Summit Real Estate Holdings, through the entity Shoreham Hotel Holding LLC signed a ground lease extension valued at $22.1 million with landlord Larry Wohl’s entity Ronbet West 55th Street LLC for 39 West 55th Street, which is one of two buildings that make up the 179-key Shoreham Hotel, in Midtown West, Manhattan. The expected use is cash flowing. The…
$32M Lower East Side bankruptcy: Hung Kwong Leung as president of Global Joint Venture Inc., the sponsor of a mixed-use condominium project at 139 Bowery with 18 residential units, 14 commercial units, one community center and one retail space, filed the bankruptcy petition May 1, 2025 in Brooklyn. 1-25-42139-nhl 139 Bowery Condo Unit Planned Sale Prices The bankruptcy was filed to halt a May 2,…
United American Land through the entity 395 Jay Associates LLC as borrower signed a refi loan with lender First Citizens Bank through the entity First-Citizens Bank & Trust Company valued at $9 million for the retail building (K1) at 395 Jay Street in Downtown Brooklyn, Brooklyn. The deal closed on April 8, 2025 and was recorded on May 2, 2025. The prior lender was Blackstone…
Goose Property Management through the entity Bergen St Equity LLC as borrower signed a new construction loan with lender Slate Property Group through the entity Scale 280 Bergen Lender LLC valued at $166 million for three three tax lots that have four new building plans with 367 units. The properties are the 99-unit 264 Bergen Street, 70-unit 265 Wyckoff Street, the 99-unit 282 Bergen Street…
Jing Bo Li paid $5.575 million for two adjacent retail building at 2138-2140 Third Avenue between 116th and 117th streets, in East Harlem, Manhattan, in two transactions. In the first, Jing Bo Li through the entity JB Realty Li LLC paid $2.78 million to Virginia Diaz through the entity 2138 Third Ave LLC for the retail building (K2) at 2138 Third Avenue in East Harlem,…
Solomon Chami through the entity Sc 207 18th Street LLC paid $2.9 million to Davis Management Associates through the entity 207 18th Street Associates LLC for the eight-unit residential walkup building (C1) at 207 18th Street in Greenwood Heights, Brooklyn. The expected use is cash flowing. The deal closed on April 23, 2025 and was recorded on May 2, 2025. The property has 9,100 square…
The doctor Ian Wall as signatory through the entity MYDL Ocean LLC (Multi Member LLC paid $3.5 million to Alexander Kaganovsky through the entity Health Care Properties, LLC for the specialty building (I5) at 2700 Ocean Avenue in Sheepshead Bay, Brooklyn. The expected use is owner-occupied. The deal closed on April 28, 2025 and was recorded on May 2, 2025. The property has 11,796 square…
Leiby Weiss through the entity 93 South 9 LLC paid $3.9 million to JTS Partners through the entity 93 S 9th Street Owner LLC for a delayed building expansion project at 93 South 9th Street in Williamsburg, Brooklyn. Jonathan Iger, a vice president of the seller entity, is CEO of Sage Realty, which manages properties for the William Kaufman Organization. The former owners originally planned…
Dalavai Holdings through the entity Dalavai Holdings LLC paid $7 million to Icon Realty Management through the entity 406 West 48 Realty LLC for the 20-unit residential walkup building (C4) at 406 West 48th Street in Hell’s Kitchen, Manhattan. The expected use is cash flowing. The deal closed on April 25, 2025 and was recorded on May 2, 2025. The property has 9,750 square feet…
Eduart Shllaku through the entity Olmstead Avenue Realty LLC paid $9.7 million to Scharfman Organization through the entity 1265 Olmstead Avenue, L.L.C. for the 88-unit residential elevator building (D1) at 1265 Olmstead Avenue in Unionport, Bronx. The expected use is cash flowing. The deal closed on April 29, 2025 and was recorded on May 2, 2025. The property has 92,666 square feet of built space…
Meridian Properties through the entity Parkview Gardens, L.P. as borrower signed a refi loan with lender Berkadia Commercial Mortgage valued at $20.5 million for seven properties with 128 residential units including the 23-unit residential walkup building (C1) at 148 Parkside Avenue in Flatbush, Brooklyn, 24-unit residential walkup building (C1) at 152 Parkside Avenue in Flatbush, Brooklyn, and 25-unit residential walkup building (C1) at 5 St…
Getir through the entity Fresh Property Bronx, LLC as borrower signed a initial loan with lender WhiteHawk Capital Partnersd valued at $70 million for a distribution center at 2 St. Ann’s Avenue in Mott Haven, Bronx and two large, adjacent parcels. The deal closed on April 28, 2025 and was recorded on May 1, 2025. The three properties have 613,339 square feet of built space…
Rabsky Group refinanced construction financing with new debt totaling $555 million from Madison Realty Capital, secured by two newly built rental buildings in Fort Greene, Brooklyn, with a total of 1,102 residential units. Of that loan total, $430 million was recorded, and all that recorded debt was subsequently assigned to a PIMCO fund. For the recorded debt, Rabsky Group through the entity Fulton Realty Development…
O’Connell Organization through the entity Pier 41 Red Hook LLC paid $4.3 million for the three-unit building (C0) at 90 Kane Street in Columbia Waterfront, Brooklyn. The expected use is cash flowing. The deal closed on April 28, 2025 and was recorded on May 1, 2025. The property has 3,108 square feet of built space and 2,213 square feet of additional air rights for a…
The Sollevare Group paid $7.8 million to the Musarella family for two mixed-use buildings in Carroll Gardens, Brooklyn, in two separate transactions. In the larger, Sollevare Group through the entity 306 Court Street Owner LLC paid $5.4 million to the family of Santo Musarella for the three-unit mixed-use building (S9) at 306 Court Street in Carroll Gardens, Brooklyn. The expected use is cash flowing. The…
