Vanbarton Group through the entity 77 Water LLC as borrower signed a rehab construction loan with lender TYKO Capital through the entity Water Street Debt Lender LLC valued at $165 million for the office building (O4) at 77 Water Street in Financial District, Manhattan. The deal closed on December 4, 2024 and was recorded on December 19, 2024. The prior lender was ACORE Capital which…
Fereydoun Khalili through the entity Yonah 26 LLC paid $3 million to Walgreens through the entity Walgreen Eastern Co., Inc. for the retail building (K2) at 119-10 Liberty Avenue in South Ozone Park, Queens. The expected use is cash flowing. The deal closed on December 2, 2024 and was recorded on December 19, 2024. The property has 8,442 square feet of built space and 9,681…
Zee Bala through the entity 1601 Plymouth LLC paid $3.4 million to Santina Mondelli through the entity 1601 Plymouth Avenue LLC for the 21-unit residential walkup building (C7) at 1601 Plymouth Avenue in Pelham Bay, Bronx. The expected use is cash flowing. The deal closed on December 13, 2024 and was recorded on December 19, 2024. The property has 17,666 square feet of built space…
Patrick Mitchell’s Connor Rose Realty through the entity Connor Rose of Riverdale LLC paid $4.8 million to LAL Property Management through the entity L.A.L. Rive Management Company, LLC for the nine-unit residential walkup building (C7) at 531 West 235th Street in Riverdale, Bronx. The expected use is cash flowing. The deal closed on December 12, 2024 and was recorded on December 19, 2024. The property…
Edward Ostad through the entity Meo 431 Court Street, LLC paid $5.7 million to the entity Elas Realty, LLC for the three-unit mixed-use building (S3) at 433 Court Street and the three-unit mixed-use building (S3) at 431 Court Street in Carroll Gardens, Brooklyn. The expected use is cash flowing. The retail is occupied by Citizens Bank. The deal closed on November 26, 2024 and was…
UPDATED, 12:20 p.m., December 20, 2024: The Laboz family’s United American Land, the Chera family’s Crown Acquisitions, and the Chehebar family’s Jackson Group through the entity New 422 Boys LLC and 422 Fulton Street Owner II LLC paid $23 million to Macy’s Inc. through the entity Macy’s Brooklyn, LLC for the retail condo at 422 Fulton Street in Downtown Brooklyn, Brooklyn. The expected use is…
AYA Acquisitions through the entity Aya Bsd Renoir LLC paid $45 million to buy a ground lease from Carmel Partners through the entity CP III Aj 63rd, LLC which controls the 151-unit residential elevator building (D6) at 225 East 63rd Street in Lenox Hill, Manhattan. The expected use is cash flowing. The fee is owned by Sol Goldman Investments. The deal closed on November 26,…
Margarita Brennan through the entity Bh 8808 LLC paid $3.5 million to Oscar Ed Patisso through the entity 8808 Rockaway LLC for the office building (O2) at 88-08 Rockaway Beach Boulevard in Rockaway Beach, Queens. The expected use is cash flowing. The deal closed on November 25, 2024 and was recorded on December 18, 2024. The property has 12,300 square feet of built space according…
Bronstein Properties through the entity Sunnyside 43-22 LLC paid $8.5 million to the entities including Jopin Realty LLC for the 70-unit residential elevator building (D1) at 43-22 45th Street in Sunnyside, Queens. The expected use is cash flowing. The deal closed on December 6, 2024 and was recorded on December 18, 2024. The property has 53,100 square feet of built space according to a PincusCo…
Terreno Realty Corporation through the entity Terreno 280 Richards LLC paid $156.2 million to Thor Equities through the entity 280 Richards Street LLC for the industrial building (E1) at 270 Richards Street, also known as 280 Richards Street, in Red Hook, Brooklyn. The expected use is cash flowing. Amazon is a tenant in the building. The deal closed on December 11, 2024 and was recorded…
New York Foundling through the entity The New York Foundling as borrower signed a refi loan with lender TD Bank valued at $15 million for the office condo at 590 Avenue Of The Americas in Chelsea, Manhattan. The deal closed on December 11, 2024 and was recorded on December 17, 2024. The prior lender was TD Bank which held debt that had an original loan…
Carlyle Group through the entity 22-22 Jackson Avenue Owner, L.L.C. as borrower signed a refi loan with lender Invesco through the entity Incref Investments Cb Seller, LLC valued at $49.5 million for the 175-unit residential elevator building (D8) at 22-22 Jackson Avenue in Long Island City, Queens. The deal closed on December 6, 2024 and was recorded on December 17, 2024. The prior lender was…
Developer Briarwood Organization through the entity 200 East 127th Street Developers LLC signed a contract to pay an undisclosed amount to the United Moravian Church for the specialty building (M1) at 200 East 127th Street in East Harlem, Manhattan. The expected use is ground up development. The sale price and the closing date were not disclosed in the memorandum of contract. The contract was signed…
Joel Landau of Pinta Capital Partners through the entity 352 Wallabout 5 LLC paid $7.6 million to the Rabsky Group and Spencer Equity Group through the entity Wallabout Realty Corp. for a multifamily condominium unit with five apartments in the newly built residential property 352 Wallabout Street in Williamsburg, Brooklyn. The expected use is cash flowing. The deal closed on December 5, 2024 and was…
Virginia doctor David Chang through the entity ZC Aurora LLC paid $11.8 million to Kings Capital through the entity 3503 Ditmars Blvd LLC for the 20-unit residential walkup building (C4) at 356 West 48th Street in Hell’s Kitchen, Manhattan. The expected use is cash flowing. The deal closed on December 6, 2024 and was recorded on December 17, 2024. The property has 9,900 square feet…
Sumaida + Khurana through the entity Walker Property LLC paid $18.1 million to the Matera Family Limited Partnership for the two-unit mixed-use building (K4) at 17-23 Avenue of the Americas, with an alternate address of 3 Walker Street, in Tribeca, Manhattan. The expected use is ground up development. The deal closed on December 2, 2024 and was recorded on December 17, 2024. The property has…
Deutsche Bank acquired two office and three retail condominium units valued at $236.9 million in Essex Crossing from Taconic Partners and others at 180 Broome Street and 202 Broome Street, in the Lower East Side of Manhattan. Taconic Partners and others borrowed $285 million from Deutsche Bank in June 2022 secured by these same tax lots. The total in this transfer is 20 percent below…
Blackstone Group through the entity SIG CRE 2023 Venture LLC filed two pre-foreclosure actions yesterday in New York State Supreme Court in Manhattan, alleging in the first that a $45 million loan given to RFR Holding and secured by retail condominiums units at 188 East 78th Street in Lenox Hill was in default, and that a $10 million loan given to a different property investor…
St. Nicks Alliance through the entity Greene Avenue SNA Housing Development Fund paid $3.6 million through a bankruptcy process to Northeast Brooklyn Housing Development Corporation through the entity 984-988 Greene Avenue Housing Development Fund for the 32-unit residential walkup building (C1) at 984 Greene Avenue in Bedford Stuyvesant, Brooklyn. The expected use is cash flowing. The deal closed on November 15, 2024 and was recorded…
Goose Property Management through the entity Walworth Office Bk LLC paid $4 million to Abraham Grunhut through the entity Walworth Street Properties 2 LLC for the building (E1) at 96 Walworth Street in Bedford Stuyvesant, Brooklyn. The expected use is cash flowing. The deal closed on December 5, 2024 and was recorded on December 16, 2024. The property has 4,930 square feet of built space…
