TF Cornerstone through the entity 95-97 Horatio L.L.C. as borrower signed a refi loan with lender Wells Fargo valued at $230.1 million for the 318-unit residential elevator building (D5) at 95 Horatio Street in the Meatpacking District, Manhattan. The deal closed on December 2, 2024 and was recorded on January 2, 2025. The prior lender was Series 2015-K42 which held debt that had an original…
JAM Real Estate Partners through the entity Jam1269-1271 LLC paid $10.6 million to Gould Investors through the entity Gould 1269-1271 First Avenue LLC for the 20-unit residential elevator building (D9) at 1269-1271 First Avenue in Lenox Hill, Manhattan. The expected use is cash flowing. The deal closed on December 27, 2024 and was recorded on January 2, 2025. The property has 15,490 square feet of…
The entity Fulton Lex Classon II, LLC acquired control of four properties including the four-unit mixed-use building (S4) at 701 Fulton Street and the two-unit mixed-use building (S2) at 703 Fulton Street, both in Fort Greene, Brooklyn, and the industrial building (F9) at 173 Lexington Avenue in Bedford Stuyvesant, Brooklyn. The transfer price was $14.2 million. The deal closed on December 5, 2024 and was…
Pace University paid $62.4 million to SL Green Realty through the entity 126 Nassau Sublessee LLC for the two commercial condominium units that make up the building at 126 Nassau Street in the Financial District, Manhattan. The expected use is owner-occupied. The deal closed on December 6, 2024 and was recorded on January 2, 2025. The signatory for SL Green Realty was Neil H. Kessner….
Clothing manufacturer Haddad Brands through the entity Hadson 2 Park Ave LLC paid $357 million to Morgan Stanley through the entity Ppf Off Two Park Avenue Owner, LLC for the office building (O4) at 2 Park Avenue in Park Avenue South, Manhattan. The expected use is owner-occupied. The Commercial Observer reported on the sale after it went into contract. The deal closed on December 27,…
The servicer for a securitized loan with an original principal of $270 million filed a pre-foreclosure action alleging RFR Holding was in a maturity default on the loan secured by the 407,127-square-foot Grand Central office building at 285 Madison Avenue. This is the ninth commercial foreclosure filed against an RFR Holding commercial building since October 2023. RFR Holding and its principals Abby Rosen and Michael…
Sun Frontier Fudousan Co. through the entity 245 Eldridge LLC paid $16.5 million to Canvas Property Group through the entity Eldridge 245 LLC for the 10-unit residential walkup building (C7) at 245 Eldridge Street in the Lower East Side, Manhattan. The expected use is cash flowing. The deal closed on December 19, 2025 and was recorded on December 31, 2025. The property has 14,161 square…
Yoel Goldman, the founder of the highly litigated investment firm All Year Management, filed a chapter 11 petition in Brooklyn on New Year’s Eve to place his $14 million stalled 100-key hotel development at 1550 Bedford Avenue in Crown Heights, Brooklyn, into bankruptcy as five contractors have filed suits seeking to foreclose on mechanics’ liens. The property, at the corner of Bedford Avenue and Eastern…
Alen Mamrount of Sentry Realty and 60 Guilders through the entity 1375 Owner LLC acquired from Savanna through the entity 1375 Broadway Property Investors V, LLC, the office building (O4) at 1375 Broadway in Garment District, Manhattan, in a transaction valued at about $200 million. The expected use is owner-occupied and cash flowing. The Mamrout family’s American Exchange Group is expected to occupy a portion…
Rialto Capital Advisors as special servicer for RSS MSBAM2012-C5-NY 3PL LLC acquired the leasehold for the Distrikt hotel building (H2) at 342 West 40th Street in the Garment District, Manhattan, through a foreclosure auction as the credit bidder. Rialto foreclosed on a leasehold loan with a $40 million original principal that was given to to Scott Schroeder, Kevin Fee, and Victor Afonso in 2012. The…
Reuven Salman of Salman Capital, through the entity 4112 4th Ave Realty LLC paid $6 million through a bankruptcy for the 57-unit residential walkup building (C7) at 4112 4th Avenue in Sunset Park, Brooklyn. The expected use is cash flowing. The former owner was Ira Epstein through the entity 4112 Realty LLC, who lost it in the bankruptcy process. The deal closed on December 9,…
Shalom Stahler through the entity Aron Engel LLC paid $9 million to Daniel Kohn and Lucy McNair through the entity Kohn, Daniel for the two-unit office building (O8) at 104 Montgomery Street in Crown Heights, Brooklyn. The expected use is ground up development. The deal closed on December 19, 2024 and was recorded on December 30, 2024. The property has 12,393 square feet of built…
Daniel Grinshteyn’s BWH Group through the entity 9305 5th Ave LLC paid $17 million to Staples through the entity USR Real Estate Holdings LLC for the retail building (K1) at 9305 5th Avenue in Bay Ridge, Brooklyn. The expected use is ground up development. The deal closed on December 20, 2024 and was recorded on December 30, 2024. The property has 12,880 square feet of…
Peak Capital Advisors through the entity 200 W 80th Owner 2 LLC paid $32.5 million to Eli Rosenberg through the entity 200 West 80th Street Realty LLC for the 12-unit residential walkup building (C7) at 416 Amsterdam Avenue, the 10-unit residential walkup building (C4) at 204 West 80th Street, the 10-unit residential walkup building (C7) at 202 West 80th Street in Upper West Side, Manhattan…
BFC Partners through the entity West Brighton Partners LLC signed a 99-year ground lease valued at $34 million with the New York City Housing Authority for the 634 units spread among 17 residential elevator buildings (D3) at 159 Alaska Street in Port Richmond, Staten Island. The expected use is cash flowing. The deal closed on June 28, 2024 and was recorded on December 30, 2024….
The Chehebar family’s Jackson Group and Victor Tawil through the entity 9 Times Square Acquisitions, LLC (and others) paid $63.5 million to American Strategic Investment through the entity Arc Nyc570seventh, LLC for the office and retail building 9 Times Square, at 200 West 41st Street in Garment District, Manhattan. The building has an alternate address of 570 Seventh Avenue. The building is divided into three…
Shorewood Real Estate Group and grocer Spencer An through the entity 350 GC Property Owner LLC paid $28.5 million to Peter Fine’s entity 350 Rising LLC for the development site (V1) at 350 Grand Concourse in Mott Haven, Bronx. The expected use ground up development. The Commercial Observer reported that Shorewood planned to build a 220,000-square-foot, mixed-use building anchored with a grocery store. Spencer An…
Abraham Sieger through the entity Regeis Care Center, LLC as borrower signed a refi loan with lender Dwight Capital through the entity Dwight Capital LLC valued at $33.2 million for the specialty building (I7) at 3200 Baychester Avenue in Eastchester, Bronx. The deal closed on December 19, 2024 and was recorded on December 27, 2024. The prior lender was Cross River Bank which held debt…
Yitzchok Katz’s Goose Property Management through the entity 372 Livingston LLC as borrower signed a construction loan with lender Affinius Capital through the entity ACM Tactical Finance IV-A LLC valued at $93.7 million for a three-building developments site at 362 Livingston Street, 370 Livingston Street and 372 Livingston Street in Boerum Hill, Brooklyn. The projects have a total of 269 residential units. Yitzchok Katz’s Goose…
UPDATED 4:10 p.m., December 30, 2024: Investor David Lloyd’s Lloyd Properties and Ian Miller’s Kadima Properties paid $13.5 million for five walkup in Boerum Hill and one in Clinton Hill with a total of 44 units in six separate transactions with two sellers. Traded NY reported Ian Miller was also involved in the purchase. In the first, Lloyd Properties and Kadima Properties through the entity…
