Transfers

Lev Wolkowicki through the entity Sanford Realty Management LLC bought through a bankruptcy sale the 80-unit residential elevator building (D1) at 143-30 Sanford Avenue in Flushing, Queens. The expected use is cash flowing. The former owner was to Vincent Garofalo who placed the property in bankruptcy in 2023. The transfer price on the sale was $3.08 million, and at the same time Lev Wolkowicki obtained…

BX Realty Mgmt Inc. through the entity 34th Avenue LLC paid $5.3 million to Jill Marquardt-Scola through the entity Amore Apartments LLC for the 28-unit residential walkup building (C1) at 34-11 34th Avenue in Astoria, Queens. The expected use is cash flowing. The deal closed on January 9, 2025 and was recorded on January 17, 2025. The property has 22,820 square feet of built space…

Urban Realty Partners through the entity Wythe Gem LLC paid $17.2 million to Corzo Contracting Co. Inc. through the entity Corzo Maintenance Co., Inc. for the development parcel at 168 Banker Street in Greenpoint, Brooklyn. The expected use is ground up development. The deal closed on January 9, 2025 and was recorded on January 17, 2025. The property has zero square feet of built space…

Chess Builders through the entity West 49 Realty LLC paid $30 million to Hakimian Organization through the entity 250 West 49 Associates, LLC for the 135-unit development site (V1) at 244 West 49th Street in Midtown West, Manhattan. The expected use is ground up development. On the lot, there is one active new building construction project, M00630979, for a 255-foot-tall, 96,334-square-foot, 135-unit residential (R-2) building….

Tim Ziss, president of Allied Properties, filed a chapter 11 bankruptcy petition with the goal of keeping him in operational control of a new construction medical office building at 437 88th Street in Bay Ridge, Brooklyn. In the petition, he values the real estate in its current state at $33.3 million, and as much as $39.8 million when fully leased out. Tim Ziss is the…

Joel Waldman and Leah Waldman through the entity 53 E 177 Holdings LLC as borrower obatained a refi loan with lender Citibank through the entity Citi Real Estate Funding Inc. valued at $27 million for the 81-unit residential elevator building (D7) at 53 East 177th Street in Mt Hope, Bronx. The deal closed on January 10, 2025 and was recorded on January 16, 2025. The…

CB Developers and SK Development through the entity Cbwb Bkln Fee LLC as borrower signed a refi loan with lender JPMorgan Chase and Citibank valued at $76 million for the Pod Brooklyn Hotel at 247 Metropolitan Avenue in Williamsburg, Brooklyn. CB Developers and SK Development often partner with a joint venture called CBSK Developers. The deal closed on December 30, 2024 and was recorded on…

The entity 343 Lex Ave LLC paid $6.3 million to Issembert Companies through the entity Clover 2 LLC for the office building (O5) at 343 Lexington Avenue in Murray Hill, Manhattan. The deal closed on November 26, 2024 and was recorded on January 16, 2025. The property has 7,343 square feet of built space and 9,262 square feet of additional air rights for a total…

Watermark Capital Group as tenant through the entity Three One Three LLC signed a $10.6 million, 99-year ground lease with landlord Joyland Group through the entity 317 East 17th Street LLC for the specialty building (I1) at 313 East 17th Street in Gramercy, Manhattan and three-unit specialty building (I4) at 321 East 17th Street in Gramercy, Manhattan. The expected use is cash flowing. On these…

HUBB NYC through the entity 345 E 64th St LLC paid $34 million to Parkoff Organization through the entity Plum 64 Assets LLC for the 60-unit residential elevator building (D7) at 345 East 64th Street in Lenox Hill, Manhattan. The expected use is cash flowing. The deal closed on January 10, 2025 and was recorded on January 16, 2025. The property has 50,225 square feet…

SRM Concrete through the entity 120-05 31st Ave, LLC paid $60 million to Ferrara Bros. Building Materials Corp. through the entity Ferrara Family Holding Corp. for the industrial building (F9) at 120-05 31st Avenue in College Point, Queens. The expected use is owner-occupied. The deal closed on January 10, 2025 and was recorded on January 16, 2025. The property has 16,300 square feet of built…

The Blackstone Group through its special servicer Rialto Capital Advisors alleges an $11 million Financial District loan originated in 2021 is in a maturity default. The lender filed the complaint January 14, 2025, in Manhattan State Supreme Court. Case 850034/2025 LINK Court filings represent the position of one party and are not necessarily accurate or complete. According to the complaint, “Borrower failed to remit payment…

UPDATED, 11:37 a.m., January 16, 2024: Abraham Brach through the entity 425 Marcy Avenue LLC as borrower signed a refi loan with lender Cirrus Real Estate Partners through the entity Crecf I 425 Marcy Construction Lender LP valued at $27 million for the 24-unit residential elevator building project (D6) at 427 Marcy Avenue in Williamsburg, Brooklyn, also known as 415 Marcy Avenue and 425 Marcy…

The Bridge through the entity 39 West 128th Street LP as borrower signed a new construction loan with lender JPMorgan Chase and NYS Homeless Housing and Assistance Program valued at $40.8 million for the 91-unit new construction project at 39 West 128th Street in Harlem, Manhattan. On the lot, there is one active new building construction project, 121209575, for a 91-unit, 60,278 square-foot residential (R-2)…

David Halberstam’s Bruklyn Builders through the entity 282 4th Ave Owner LLC paid $7.8 million to Yuk Jin Lam through the entity Lt 284 Gowanus LLC for the development building (V1) at 280-284 4th Avenue in Gowanus, Brooklyn. The expected use is ground up development. On the lot, there is one active new building construction project, B00751849, for a 33-unit, 26,138 square-foot residential (R-2) building….