Miklos Vasarhelyi through the entity 270 St. Nicholas LLC paid $6.7 million to Kenneth Morrison through the entity 270 St. Nicholas Lemor LLC for the 77-unit residential elevator building (D7) at 270 St Nicholas Avenue in Harlem, Manhattan. The expected use is cash flowing. The deal closed on December 18, 2024 and was recorded on December 27, 2024. The property has 65,706 square feet of…
UPDATED 9:35 a.m., September 8, 2025: The entity Zakon Realty, LLC paid $11.4 million to the Adjmi family’s A&H Acquisitions through the entity 100 Queens Blvd. Associates LLC for the mixed-use retail building (K2) at 100-07 Queens Boulevard in Forest Hills, Queens. The expected use is cash flowing. The deal closed on December 20, 2024 and was recorded on December 27, 2024. The property has…
Pennsylvania-based Westover Companies, led by Gunti Weissenberger, paid $94.5 million to Joshua Gotlib’s Black Spruce Management for a 13-building multifamily portfolio located in Chelsea, Manhattan. The signatory for Black Spruce Management was Joshua Gotlib. The signatory for Westover Companies was Guntram J. Weissenberger Jr. The contract date was September 20, 2024. Marcus & Millichap brokers including Joe Koicim brokered the sale, which totaled 13 buildings…
Avdoo & Partners Development through the entity Union Street Owner LLC paid $29.4 million to S.J. Fuel Co. through the entity 601 Union Street Realty Corp. for the industrial building (G1) at 601 Union Street in Gowanus, Brooklyn and an adjacent vacant parcel with an address on Sackett Street. The expected use is ground up development. The deal closed on December 23, 2024 and was…
Bridge Investment Group’s Bridge Logistics Properties through the entity Blusv II NY 333 N Henry Street LLC paid $30 million to Saul Maslavi and Abraham Maslavi through the entity 333 North Henry LLC for the industrial building (E1) at 333 North Henry Street in Greenpoint, Brooklyn. Also this month, Bridge Investment Group paid PepsiCo $105.2 million for a parcel in East Williamsburg. The deal closed…
The Mamrout family’s Sentry Realty through the entity 1375 Owner LLC assigned a note with an original principal of $200 million and secured by 1375 Broadway in the Garment District, Manhattan, to Sail Harbor Capital through the entity SHCBP IV 1375 Broadway Lender LLC. The deal closed on December 17, 2024 and was recorded on December 26, 2024. The prior lender was Sentry Realty which…
United Construction & Development Group through the entity New Janet De, LLC as borrower signed a refi loan with lender New Era Life Insurance Company through the entity New Era Life Insurance Company valued at $25 million for the development building (V1) at 131-01 Roosevelt Avenue in Flushing, Queens. The deal closed on December 3, 2024 and was recorded on December 26, 2024. The prior…
Mequity Companies through the entity Mequity E. 21st St. Owner LLC as borrower signed a refi loan with lender QuadReal Property Group through the entity Qr Real Estate Capital Reit LLC valued at $43 million for the self-storage building (E7) at 41-47 East 21st Street in Flatiron District, Manhattan. The deal closed on December 17, 2024 and was recorded on December 26, 2024. The prior…
Alf Naman Real Estate through the entity 125 Owners LLC as borrower signed a new construction loan with lender Marathon Asset Management through the entity MAM Collateral Agent, LLC valued at $120 million for the conversion of an industrial building (G1) at 125 Perry Street, also known as 738 Greenwich Street in West Village, Manhattan, to a seven-unit residential building. The building has a $260.9…
ABJ Properties through the entity Sag 471, LLC paid $3.2 million to Steven Katz through the entity 471 Sapphire Apartments LLC for the seven-unit residential walkup building (C7) at 471 7th Avenue in South Slope, Brooklyn. The expected use is cash flowing. The deal closed on October 30, 2024 and was recorded on December 26, 2024. The property has 7,212 square feet of built space…
SKF Development through the entity 2055 Ryer Realty LLC paid $5.5 million to BX Capital through the entity Ryer Property Bx LLC for 2055, 2057 and 2059 Ryer Avenue in Fordham Heights, the Bronx. The expected use is ground up development. On these lots, there is one active new building construction project, X01133320, for a 95-unit, 62,290 square-foot residential (R-2) building. The project was submitted…
Former lender Stormfield Capital through the entity Stormfield Capital Funding I, LLC through a $5.1 million bankruptcy sale acquired the 5-unit building at 135 Bayard Street in Greenpoint, Brooklyn. The former owners were David Kenner and Rafi Manor. On the lot, there was a major alteration construction project, 321105683, for a five-unit, 6,723 square-foot residential (R-2) building. The project was submitted by M1 Development and…
Dhandeo Mohabir’s Bowl360 through the entity D&S Concepts Group 1945 NY LLC paid $8.4 million to Linda Zahn through the entity Maric 1945 LLC for the bowling alley building (P6) at 19-45 49th Street in Ditmars Steinway, Queens. The expected use is owner-occupied. Bowl360 is already occupying the space. The deal closed on December 18, 2024 and was recorded on December 26, 2024. The property…
Bridge Investment Group through the entity Blusv II NY 222 Morgan Ave LP paid $105.2 million to PepsiCo through the entity Rolling Frito-Lay Sales, LP for the industrial building (F4) at 222 Morgan Avenue in East Williamsburg, Brooklyn. The expected use is ground up development. The deal closed on December 17, 2024 and was recorded on December 26, 2024. The property has 41,900 square feet…
Alliance University, the shuttered Christian liberal arts college that owns a dormitory condominium unit at 2 Washington Street in the Financial District, placed the property in chapter 7 bankruptcy through a filing made Tuesday in U.S. Bankruptcy Court in Manhattan. The filing states the asset is worth $13 million and has $50 million remaining in a senior loan, along with additional liabilities. Bankruptcy Case 24-12439-mg…
Chess Builders through the entity Ffn9 LLC as borrower signed a initial loan with lender Parke Bank through the entity Parke Bank valued at $7.2 million for the office and retail building (O5) at 55 North 9th Street in Williamsburg, Brooklyn. The deal closed on December 11, 2024 and was recorded on December 24, 2024. The property has 13,604 square feet of built space according…
Andrew Justin’s AJ Property Management NYC through the entity JR Building Associates as borrower signed a refi loan with lender JPMorgan Chase valued at $14.4 million for the office building (O6) at 231 West 29th Street in Chelsea, Manhattan. The deal closed on December 18, 2024 and was recorded on December 24, 2024. The prior lender was JPMorgan Chase which held debt that had an…
Brooklyn Cooperative Federal Credit Union through the entity Brooklyn Cooperative Federal Credit Union paid $2.8 million to Nadav Hamo through the entity 1310 Myrtle LLC for the retail condominium unit C-1 at 1308 Myrtle Avenue in Bushwick, Brooklyn. The expected use is owner-occupied. The unit has 4,424 square feet on the ground floor and 2,560 square feet on the lower level. The deal closed on…
Pervez Siddiqui through the entity Mermaid Real Estate Group LLC paid $3.5 million through an estate sale to the estate off Ernest Chabel through the entity 1602 Holdings Inc. for the 14-unit residential walkup building (C7) at 1602-1604 Mermaid Avenue in Coney Island, Brooklyn. The expected use is cash flowing. The deal closed on December 10, 2024 and was recorded on December 24, 2024. The…
Developer Joel Schwartz through the entity 436 Union Ave LLC paid $3.5 million to Marek Kaczor through the entity 436 Union LLC for the six-unit mixed-use building (S5) at 436 Union Avenue in Williamsburg, Brooklyn. The expected use is cash flowing. On the lot, there is one active new building construction project, B00742563, for a 13-unit, 8,697 square-foot R-2 building. The project was submitted by…
