Poise Property Group through the entity 151 Freeman Street LLC as borrower signed a new construction loan with lender MidFirst Bank valued at $6 million for a project at 151 Freeman Street in Greenpoint, Brooklyn. On the lot, there is one active new building construction project, 321599267, for a seven-unit, 9,99 square-foot residential (R-2) building. The project was submitted by Asaf Ben-Nun with plans filed…
Platinum Realty Associates through the entity 251 Troy Ave LLC paid $5.4 million to Levi Corp. for the three-unit mixed-use building (K4) at 149 East 116th Street, the two-unit mixed-use building (K4) at 151 East 116th Street, and the two-unit mixed-use building (K4) at 1873 Lexington Avenue, all in East Harlem, Manhattan. The expected use is cash flowing. The deal closed on April 8, 2025…
Himmel + Meringoff Properties through the entity 521 -533 West 57th Street Associates LLC as borrower signed a refi loan with lender Delaware Life Insurance Company through the entity Sig Cre 2023 Venture LLC valued at $125 million for two office properties including the office condo at 521-523 West 57th Street in Hell’s Kitchen, Manhattan and office condo at 521 West 57th St in Hell’s…
KS Group along with Alma Realty Group signed two construction loans totaling $300 million with S3 Capital for four development parcels in Astoria, Queens, in two separate transactions. In the first, KS Group and Alma Realty Group through the entity Ks Astoria Holdings LLC as borrower signed a new construction loan with lender S3 Capital through the entity S3 Re Astoria Cove I Funding LLC…
JJ Operating through the entity Chelsea 23rd Realty LLC as borrower signed a refi loan with lender Apollo Global Management through the entity Athene Annuity and Life Company valued at $185 million for the four commercial condominium units that comprise the newly built 278 Eighth Avenue in Chelsea, Manhattan. JJ Operating built a 190-unit, 166,285-square-foot residential (R-2) building on the site under job number M00499952….
Shulem Herman through the entity 927 Putnam Terrace LLC paid $2.9 million to Oak Tree Residential through the entity Ota 927 Putnam LLC for the eight-unit residential walkup building (C1) at 927 Putnam Avenue in Bedford Stuyvesant, Brooklyn. The expected use is cash flowing. The deal closed on April 9, 2025 and was recorded on April 17, 2025. The property has 10,224 square feet of…
Minerva Development through the entity 373 Ps LLC paid $2.9 million through an estate sale to Alice Christie for the four-unit building (C3) at 373 3rd Street in Park Slope, Brooklyn. The expected use is cash flowing. The deal closed on March 28, 2025 and was recorded on April 17, 2025. The property has 3,200 square feet of built space and 2,196 square feet of…
Matthew Ahdoot’s United Developers through the entity 6th Avenue Partners 123 LLC paid $4.6 million through a judicial foreclosure for the two-unit mixed-use building (S2) at 463 6th Avenue and the two-unit mixed-use building (S9) at 461 6th Avenue in South Slope, Brooklyn. The expected use is cash flowing. The former owner was to Serabjit Singh. The deal closed on April 10, 2025 and was…
R.A. Cohen & Associates through the entity Cd Valentine Associates LLC paid $11.5 million to the Pearsall family through the entity Valentines Way Co for four building, 60 to 66 Clark Street in Brooklyn Heights, Brooklyn, including the 10-unit walkup (C1) at 60 Clark Street, the eight-unit walkup (C1) at 64 Clark Street, and the 10-unit walkup (C1) at 62 Clark Street. The expected use…
Acadia Realty Trust through the entity 85 Fifth Ave Property Owner LLC paid SL Green Realty and a partner through the entity 85 Fifth Avenue Retail Owner LLC $46.8 million for the 13,092-square-foot retail cooperative unit at 85 Fifth Avenue in Flatiron District, Manhattan. The property is leased long-term to Nespresso. The deal closed on April 11, 2025 and was recorded on April 17, 2025….
Rockrose Development through the entity 15 East 26 L.L.C. as borrower signed a loan moification with lender Equitable Financial Life Insurance Company valued at $51.2 million for the property at 15 East 26th Street in Flatiron District, Manhattan. The deal closed on April 9, 2025 and was recorded on April 16, 2025. The prior lender was Equitable Financial Life Insurance Company which held debt that…
Ngatollah Lavi and Nancy Ohabi using the entity Harlem101 LLC paid through a foreclosure action $6.1 million for the 11-unit residential elevator building (D6) at 308 East 106th Street and the 11-unit residential elevator building (D6) at 310 East 106th Street in East Harlem, Manhattan. The expected use is complete construction and then cash flowing. The former owners were Ismael Fernandez and the estate of…
Sangmin Han of New Jersey through the entity Han 533 LLC paid $27.5 million to Marcus Partners and Dalan Real Estate through the entity 33rd Street TIC Owner LLC for the office buildings (O6) at 10 and 12 East 33rd Street in Park Avenue South, Manhattan. The deal closed on March 28, 2025 and was recorded on April 16, 2025. The two properties have 56,724…
David Werner Real Estate Investments and Metro Loft Management through the entity 675 Third Owner LLC paid $100.2 million to the Durst Organization through the entity Dolp 675 Properties Ii LLC for the office building (O4) at 675 Third Avenue in Grand Central, Manhattan. The expected use is conversion/addition. The buyers obtained an acquisition loan from Northwind Group totaling $90 million, and of that $67.5…
Green Group through the entity Green Manor of USA LLC as borrower signed a refi loan with lender Lion Fox Partners through the entity LFP II CR Origin, LLC valued at $4.5 million for the office building (O7) at 41-12 77th Street in Elmhurst, Queens. The deal closed on March 20, 2025 and was recorded on April 15, 2025. The prior lender was Cathay Bank…
Minerva Development through the entity 68 Quincy LLC as borrower signed a new construction loan with lender SDB through the entity SDB Barak Quincy 68 General Partnership valued at $4.5 million for the building (B3) at 68 Quincy Street in Bedford Stuyvesant, Brooklyn. On the lot, there is one active major alteration construction project, B01196131, for a nine-unit, 7,753 square-foot residential (R-2) building. The project…
Ryan Zar of R.E. Property Group through the entity Point 389 Holdings LLC paid $2.1 million to Sholom Jacobs and Marc Preston through the entity 389, LLC for the 16-unit residential walkup building (C7) at 389 East 138th Street in Mott Haven, Bronx. The expected use is cash flowing. Ryan Zar and Joel J. Gorjian bought the adjacent corner parcel 237 Willis Avenue for $3.86…
Accelerate Investment Partners through the entity Aio Remsen, LLC paid $3.4 million to Vona Capital Group through the entity Foster Remsen Realty, LLC for the industrial building (G2) at 965 Remsen Avenue in Canarsie, Brooklyn. The expected use is ground up development. The deal closed on April 10, 2025 and was recorded on April 15, 2025. The property has 2,660 square feet of built space…
Israel-based Realya through the entity Realya Gca, LLC as borrower signed a acquisition loan with lender Lincoln Life & Annuity Company of New York through the entity Lincoln Life & Annuity Company Of New York valued at $13.5 million for five properties with five residential units including the two-unit mixed-use building (K4) at 387 Sixth Avenue, the three-unit mixed-use building (K4) at 389 Sixth Avenue,…
LodgeWorks Partners through the entity Brooklyn Lw Hotel Associates, L.P. as borrower signed a refi loan with lender Capital Federal Savings Bank valued at $50 million for the hotel building (H2) at 156 Tillary Street and the adjacent 117-unit Hampton Inn Brooklyn/Downtown hotel building (H3) at 125 Flatbush Avenue Extension in Downtown Brooklyn, Brooklyn. The deal closed on April 9, 2025 and was recorded on…
