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…
Brookfield Properties through the entity 450 Partners LLC as borrower signed a refi loan with lender Citibank through the entity Citibank, N.A. valued at $1.25 billion for the two commercial condominium units that make up 450 West 33rd Street in Hudson Yards, Manhattan. The office portion has 1.28 million square feet while the retail has 157,104 square feet. The deal closed on March 28, 2025…
Louis Wu and Xiao Qiu Dai through the entity 99 Franklin Street LLC paid $3.8 million to Marek Kaczor through the entity 99 Franklin, LLC for the six-unit mixed-use building (S9) at 99 Franklin Street in Greenpoint, Brooklyn. The expected use is cash flowing. The deal closed on April 1, 2025 and was recorded on April 15, 2025. The property has 5,500 square feet of…
Shloma Stuhl and Herman Stuhl through the entity Rubin Stuhl LLC paid $7 million to Rabsky Group and Spencer Equity Group through the entity Wallabout Realty Corp. for the bulk rental condominium unit at 352 Wallabout Street in Williamsburg, Brooklyn. The expected use is cash flowing. The unit has several apartments locate on floors 3, 4, 5 and 6. The deal closed on April 8,…
Nahman Lichtenstein through the entity 17 E47 Acquisition LLC paid $7.9 million to Macklowe Properties through the entity 17 East 47th Street Devco LLC for the specialty building (P8) at 17 East 47th Street in Midtown East, Manhattan. The deal closed on April 8, 2025 and was recorded on April 15, 2025. The property has 17,131 square feet of built space according to a PincusCo…
An Israeli development consortium through the entity The Lincoln Place Property Owner, LLC paid $12.6 million to the nonprofit University Settlement Society Of New York for the preschool building (I5) at 71 Lincoln Place in Park Slope, Brooklyn. The likely use is development. The deal closed on April 10, 2025 and was recorded on April 14, 2025. The property has 22,039 square feet of built…
The Chera family’s Crown Acquisitions alleges in a lawsuit filed last week in State Supreme Court in Manhattan that a loan servicer by declaring a default on a loan “where none exists at all,” is engaging in predatory loan practices. Midland Loan Services is the servicer for the $10.24 million loan Goldman Sachs provided on the retail property at 2535 86th Street in Gravesend, Brooklyn,…
Brothers Michael and Edward Ostad, who own 10 properties with a third brother Steven Ostad, are asking the court to dissolve the partnership agreements that own the assets in part because they are worth less than their loans. In addition the two brothers seek the partitions because they allege Steven has incurred liabilities unrelated to Michael and Edward, but that the commonly owned assets are…
Korea-based Meritz Financial Group through the entity Nonhyup Bank (Acting As The Trustee) bought a note with an original principal of $128 million from Series 2019-CORE secured by Brookfield Properties’s office building (O6) at 135 Pierrepont Street in Brooklyn Heights, Brooklyn. The deal closed on April 1, 2015 and was recorded on April 11, 2025. The prior lender was Series 2019-CORE which held debt that…
Hampshire Properties through the entity New Driggs Partners LLC as borrower signed a refi loan with lender Argentic Investment Management through the entity Argentic Real Estate Investment 2 LLC valued at $23 million for three properties including the property at 510 Driggs Avenue in Williamsburg, Brooklyn, retail condo at 510 Driggs Avenue in Williamsburg, Brooklyn, and retail condo at 510 Driggs Avenue in Williamsburg, Brooklyn….
Maverick Real Estate Partners through the entity Penn District Hotel LLC as borrower signed a new construction loan with lender Related Companies through the entity RDF Agent, LLC valued at $107.1 million for the hotel development project (H1) at 255 West 34th Street in Garment District, Manhattan. The deal closed on April 7, 2025 and was recorded on April 11, 2025. The property has 157,517…
The entity 393 Clinton LLC paid $5.5 million for the three-unit building (C0) at 393 Clinton Street in Carroll Gardens, Brooklyn. The deal closed on April 8, 2025 and was recorded on April 11, 2025. The property has 6,425 square feet of built space and 86 square feet of additional air rights for a total buildable of 6,513 square feet according to a PincusCo analysis…
Hyung Joon Kwon of Jericho, Long Island, through the entity GL Bell Associates, LLC paid $7.1 million to Demetrios Tassopoulos and Leonidas Papalas through the entity 47 Bell Associates LLC for the retail building (K1) at 47-48 Bell Boulevard in Bayside, Queens. The expected use is cash flowing. The deal closed on February 27, 2025 and was recorded on April 11, 2025. The property has…
Edison Properties through the entity 284 Dyckman Street Properties, LLC paid $8.1 million to KGP Management through the entity Henshaw Realty LLC for the industrial building (G1) at 278 Dyckman Street in Washington Heights, Manhattan. The expected use is ground up development. Edison Properties owns the adjacent parcel, a garage, at 270 Dyckman Street. The deal closed on April 1, 2025 and was recorded on…
Realya, a company based in Israel and led by CEO Rachelie Alperovitz, paid $24.25 million to Walter & Samuels for five retail properties from 387 to 399 Sixth Avenue in Greenwich Village, Manhattan in two separate transactions. In the first, Realya through the entity Realya GVA, LLC paid $16.7 million to Walter & Samuels through the entity Sixth Avenue Owners LLC for the retail buildings…
Joel Schwartz through the entity 272 South 1st LLC as borrower signed a re loan with lender BridgeCity Capital through the entity BridgeCity Hilltop LLC valued at $14.2 million for the 16-unit residential elevator building (D7) at 272 South 1st Street in Williamsburg, Brooklyn. The deal closed on April 4, 2025 and was recorded on April 10, 2025. The prior lender was Churchill Real Estate…
UPDATED 8:43 a.m., April 11, 2025: Stephanie Eisenberg, Steven Carter and other partners through the entity 72 North 15th Street Owner LLC as borrower signed a refi loan with lender T30 Capital through the entity Forthill North 15th Street Holder, LLC valued at $18 million for four properties including the industrial building (F5) at 72 North 15th Street in Williamsburg, Brooklyn and three other properties….
Larry Wohl through the entity Ronbet 40th Street LLC as borrower signed a refi loan with lender Apple Bank valued at $40 million for the office building (O4) at 10 East 40th Street in Grand Central, Manhattan. The deal closed on April 4, 2025 and was recorded on April 10, 2025. The prior lender was JPMorgan Chase which held debt that had an original loan…
