Group RMC through the entity 81 Beaver Brooklyn Realty LP paid $15.4 million to Rivington Company through the entity 81 Beaver Development LLC for the 16-unit industrial building (E9) at 81 Beaver Street in Bushwick, Brooklyn. The deal closed on April 2, 2025 and was recorded on April 8, 2025. The property has 56,000 square feet of built space according to a PincusCo analysis of…
Rivington Company through the entity 185 Marcy New Owner LLC paid $28.7 million through a real estate owned transaction to One William Street Capital Management through the entity 185m Holdings, LLC for the office building (O2) at 185 Marcy Avenue in Williamsburg, Brooklyn. The expected use is cash flowing. The deal closed on April 2, 2025 and was recorded on April 8, 2025. The property…
Carlyle Group through the entity 25 Remsen Avenue Owner LLC paid $50 million to Cayre Equities through the entity CS Utica & Remsen LLC for the industrial building (E7) at 25 Remsen Avenue in East Flatbush, Brooklyn. The expected use is cash flowing. The deal closed on March 26, 2025 and was recorded on April 8, 2025. The property has 111,391 square feet of built…
FS Investments through the entity FS Creit Finance GS-1 LLC bought a note with an original principal of $32 million from M&T Bank secured by Michael Aryeh, Eric Berliner, Scott Solomon, and Robert Fine’s 55-unit residential elevator building (D7) at 25 St Nicholas Terrace, 53-unit residential elevator building (D1) at 35 St Nicholas Terrace, and 56-unit residential walkup building (C4) at 400 West 128th Street…
ASLD Realty through the entity CI Steinway LLC bought a note with an original principal of $6 million from FourLeaf Federal Credit Union secured by Angela Sportelli’s 40-unit walkup building (C7) at 25-02 Steinway Street, 40-unit walkup building (C7) at 25-22 Steinway Street, and 40-unit walkup building (C7) at 25-12 Steinway Street in Astoria, Queens. The deal closed on March 25, 2025 and was recorded…
Cayre Equities through the entity Cs 119 West 145th Street LLC as borrower signed a refi loan with lender Voya Financial through the entity Voya Investment Management LLC valued at $22.3 million for the industrial building (E7) at 119 West 145th Street in Harlem, Manhattan. The deal closed on April 3, 2025 and was recorded on April 7, 2025. The prior lender was Santander Bank…
RXR Realty through entities including RXR 1285 Owner LLC, C&K 1285 Owner LLC as borrowers signed a refi loan with lender AIG through the entity American General Life Insurance Company valued at $59 million for the office building (O4) at 1285 Avenue Of The America in Midtown West, Manhattan. In this transaction, RXR is obtaining an additional $59 million in debt on top of a…
Moshe Greenzweig of Cedarbridge Management paid $18.2 million to Related Companies for five residential rental buildings with a total of 256 units, in the Bronx in five transactions. Related Companies bought the properties in 2015 for a total of $40.8 million. In the first, Moshe Greenzweig through the entity 4128-4130 Carpenter Owner LLC paid $3.8 million to Related Companies through the entity Nysandy12 Cbp7 LLC…
An affiliate of Japan-based coffee supplier Cafec, Sanyo Sangyo Inc., paid $4.9 million to the entity WH 325 West Broadway LLC, an affiliate of the now inactive development firm DDG Partners, for two retail condominium units at the mixed-use building at 325 West Broadway in SoHo, Manhattan. The deal closed on March 21, 2025 and was recorded on April 7, 2025. The two properties have…
Alexandro D. Lopez through the entity Five Wings Realty LLC paid $5.5 million to the entity Silver Capital DS LLC for the retail building (O5) at 151 East Tremont Avenue in Mt Hope, Bronx. The deal closed on March 27, 2025 and was recorded on April 7, 2025. The property has 13,500 square feet of built space and 27,135 square feet of additional air rights…
Yiming Wang through the entity White Lilacs Inc. paid $6.8 million to DAX Real Estate through the entity 191 Grand Owner LLC for the three-unit mixed-use building (K4) at 191 Grand Street in Williamsburg, Brooklyn. The expected use is cash flowing. The deal closed on April 1, 2025 and was recorded on April 7, 2025. The property has 7,039 square feet of built space according…
Newark, New Jersey-based KS Group through the entity KS Astoria Holdings LLC paid $45 million to Alma Realty through the entity 2030 Astoria Developers LLC for four development parcels at 8-01 26th Avenue, 8-51 26th Avenue, 4-57 26th Avenue and 4-34 26th Avenue, in Astoria, Queens. The expected use is ground up development. The Commercial Observer reported last month on the project, that has secured…
Meshulem Twersky through the entity 31-61 Vernon Blvd LLC as borrower signed a refi loan with lender Greystone & Co. through the entity Greystone Servicing Company LLC valued at $31 million for two residential elevator properties with 102 residential units including the 51-unit residential elevator building (D3) at 31-59 Vernon Boulevard in Astoria, Queens and 51-unit residential elevator building (D3) at 11-24 31st Drive in…
Nortco Development through the entity Amsterdam 88 LLC as borrower signed a new construction loan with lender Bank Hapoalim through the entity Bank Hapoalim B.M. valued at $134 million for four properties with 56 residential units including the 19-unit residential elevator building (D5) at 574 Amsterdam Avenue in Upper West Side, Manhattan, 13-unit residential walkup building (C7) at 572 Amsterdam Avenue in Upper West Side,…
NewYork-Presbyterian Hospital through the entity Royal Charter Properties-East, Inc. as borrower signed a refi loan with lender NYS Dormitory Authority through the entity Dormitory Authority Of The State Of New York valued at $186.1 million for the 517-unit specialty building (I4), the Helmsley Medical Tower residences, at 505 East 70th Street in Lenox Hill, Manhattan. The deal closed on March 17, 2025 and was recorded…
Pinches Abowitz through the entity 1815 Cornaga LLC paid $3.6 million to Mark Weiss through the entity Roc 1815 Realty LLC for the office building (O2) at 18-15 Cornaga Avenue in Far Rockaway, Queens and industrial building (G7) on Cornaga Avenue in Far Rockaway, Queens. The expected use is ground up development. Abowitz bought the neighboring building as well, for $5.8 million. The deal closed…
Ioannis Likidis through the entity Grand 30 Realty LLC paid $4.2 million to Giancarlo Coco through the entity 30-23 Realty LLC for the mixed-use building (K2) at 30-23 30th Avenue in Astoria, Queens. The expected use is cash flowing. The deal closed on March 27, 2025 and was recorded on April 4, 2025. The property has 2,800 square feet of built space and 2,234 square…
Reshape through the entity 120 Wythe I LLC paid $4.3 million to Robert Barouh through the entity 120 Wythe Ave., LLC for the five-unit residential walkup building (C2) at 120 Wythe Avenue in Williamsburg, Brooklyn. The expected use is cash flowing. The deal closed on March 17, 2025 and was recorded on April 4, 2025. The property has 3,218 square feet of built space according…
Premier Equities through the entity Premier 200 East 59th Street, LLC paid $31.2 million to Alpha Investment Partners through the entity Mipa 59/Third Owner LLC for the retail condo at 200 East 59th Street in Midtown East, Manhattan. The expected use is cash flowing. The deal closed on March 27, 2025 and was recorded on April 4, 2025. The property has 18,186 square feet of…
Gary Barnett’s Extell Development through the entity 576 5th LLC paid $175 million to Sae-A Trading Co. through the entity SJD, LLC for the development parcel (V1) at 576 Fifth Avenue in Midtown West, Manhattan. The expected use is ground up development. The New York Post reported on this transaction earlier, noting this purchase expands the Extell development site at 574 Fifth Avenue, giving it…
