UPDATED 12:55 p.m., December 3, 2024: The entity Left To Write LLC in care of property management firm Pyrus Management, paid $21.5 million to Walter & Samuels through the entity Daval 36 Associates, LLC for the office building (O6) at 15 West 36th Street in Garment District, Manhattan. The deal closed on November 21, 2024 and was recorded on December 2, 2024. The property has…
BLDG Management through the entity BLDG 87 Wythe LLC acquired from Cayuga Capital Management through the entity 87 Wythe Holding LLC the office building (O5) at 97 North 10th Street and the office building (O1) at 79 North 10th Street in Williamsburg, Brooklyn. The expected use is cash flowing. The transfer price was $26.9 million, just above the debt level. In 2018, M&T Bank provided…
Lender Citibank through the entity Citimortgage Inc., filed a $4.2 million pre-foreclosure action at retired comedian Bill Cosby’s 5,000-square-foot Lenox Hill townhouse on East 61st Street, in Manhattan. The bank filed the case in New York State Supreme Court on December 2, 2024. Cosby, by his full name William H. Cosby Jr., and his wife Camille own the building after buying the four-story brownstone in…
$15M mixed-use residential in Chinatown, Park Slope: A special servicer for a securitized trust alleges a loan with an original principal of $15.4 million and secured by 21-23 Catherine Street in Chinatown, Manhattan, and 26 Park Place in Park Slope, Brooklyn, and owned by affiliates of Conway Capital, is in default. Case LINK According to the complaint, “Borrowers failed to comply with the terms and…
Baruch Singer through the entity 114 Delancey LLC as borrower signed a refi loan with lender BDP Assets LLC valued at $8.5 million for the mixed-use retail building (K4) at 114 Delancey Street in Lower East Side, Manhattan. The deal closed on November 26, 2024 and was recorded on November 29, 2024. The prior lender was Hirshmark Capital which held debt that had an original…
Henry Modell & Co. through the entity Henry Modell & Company, Inc as borrower signed a refi loan with lender Lalezarian Properties through the entity Mmm Lender LLC valued at $15 million for two industrial properties including the industrial building (E9) at 34-24 Vernon Boulevard and the industrial lot across the street (G7) at 34-31 Vernon Boulevard in Astoria, Queens. The deal closed on November…
Joel Gluck’s Spencer Equity Group and the Rabsky Group obtained a $267 million refinancing through the Tel Aviv Stock Exchange for five adjacent rental buildings in Williamsburg, Brooklyn, in two transactions. The larger transaction is for the residential condominium portions of four buildings, 352 Wallabout Street, 342 Wallabout Street, 330 Wallabout Street and 322 Wallabout Street. The second transaction is for the entire building at…
Bruklyn Builders through the entity 533 Grand LLC paid $2.8 million for the two-unit mixed-use building (S2) at 533 Grand Street in Williamsburg, Brooklyn. The expected use is ground up development. The deal closed on November 12, 2024 and was recorded on November 29, 2024. The property has 3,240 square feet of built space and 6,360 square feet of additional air rights for a total…
Sonny Vataj through the entity 679 Waring LLC paid $5.5 million to Scharfman Organization through the entity 679 Waring Avenue, L.L.C. for the 49-unit residential elevator building (D1) at 679 Waring Avenue in Allerton, Bronx. The expected use is cash flowing. The deal closed on November 15, 2024 and was recorded on November 29, 2024. The property has 47,886 square feet of built space according…
Cayre Equities through the entity Cs Midtown 35 LLC paid $16.1 million to the Tekiner family through the entity 254-258 W 35th St LLC for the garment manufacturing loft building (F5) at 254-258 West 35th Street in Garment District, Manhattan. The expected use is cash flowing. The deal closed on November 20, 2024 and was recorded on November 29, 2024. The property has 106,642 square…
Carlyle Group paid $68 million to Storage Deluxe for storage locations at 74-16 Grand Avenue in Maspeth, Queens, and a smaller one at 302 Dyckman Street in Washington Heights, Manhattan, in two transactions. The properties are operated by CubeSmart, a publicly traded self-storage REIT. Prior to this, Carlyle Group in April 2024 paid the joint venture Equity Resource Investments and SNL Storage $110.4 million for…
Naftali Group through the entity 255 East 77th Street Owner LLC as borrower signed a new construction loan with lender JPMorgan Chase through the entity Jpmorgan Chase Bank, National Association valued at $140 million for the 62-unit residential elevator building (D6) at 255 East 77th Street in Lenox Hill, Manhattan. On the lot, there is one active new building construction project, M00798756, for a 62-unit,…
Mehra Properties through the entity 7109 Austin LLC paid $7.5 million to Jerrold G. Levy through the entity Ifh 7109 LLC for the seven-unit residential walkup building (C7) at 71-09 Austin Street in Forest Hills, Queens. The expected use is cash flowing. The deal closed on November 14, 2024 and was recorded on November 27, 2024. The property has 15,098 square feet of built space…
Los Angeles-based Harkham Ventures through the entity HV Carmine LLC paid $8.5 million to Parag Sawhney’s Vishwaas through the entity 76-78 Carmine St LLC for the 19-unit residential elevator building (D6) at 76-78 Carmine Street in Greenwich Village, Manhattan. The expected use is cash flowing. The deal closed on November 22, 2024 and was recorded on November 27, 2024. The property has 12,690 square feet…
Lender Bankwell Bank through the entity Bankwell Properties, Inc. acquired through a $9.7 million bankruptcy sale, the 16-unit residential elevator building project (D7) at 80 Ainslie Street in Williamsburg, Brooklyn. The former owner was Juda Klein who owned it through the entity Williamsburg Boutique LLC. The deal closed on November 18, 2024 and was recorded on November 27, 2024. The property has 18,905 square feet…
Investor and broker Keith Kantrowitz along with an affiliate of investor Ryan Tedder, through the entity MRK Metro, LLC paid $15.5 million to Rosenthal & Rosenthal through the entity Broadway Tenth/Flagstaff LLC for the retail building (K1) at 61-13 Metropolitan Avenue in Maspeth, Queens and an adjacent parking lot. The expected use is cash flowing. Rosenthal & Rosenthal is a factoring and business lending firm…
John Catsimatidis’s Red Apple Group through the entity 253 West 24th Street, LLC paid $22.5 million to the Congregation of Divine Providence through the entity The Jeanne D’Arc Residence for the specialty building (N2) at 253 West 24th Street in Chelsea, Manhattan. The deal closed on October 29, 2024 and was recorded on November 27, 2024. The property has 59,250 square feet of built space…
The securitized trust Series 2014-C20, through special servicer Rialto Capital Advisors, claims a $34 million loan provided to affiliates of Olshan Properties in 2014 is in a maturity default, and the lender is seeking to foreclose. The assets include 205 East 60th Street, 207 East 60th Street, 209 East 60th Street, 211 East 60th Street, 211-213 East 60th Street and a 68,685-square-feet retail condominium unit at…
Jack Resnick & Sons through the entity 428 E. 72nd St. LLC as borrower signed a refi loan with lender Jack Resnick & Sons through the entity Jack Resnick & Sons, Inc. valued at $9 million for the professional condominium unit at 422 East 72nd Street in Lenox Hill, Manhattan. The deal closed on November 5, 2024 and was recorded on November 26, 2024. The…
Elysee Investment Corp through the entity Central Harlem Portfolio, LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $21.2 million for nine residential walkup properties with 213 residential units including the 89-unit residential walkup building (C4) at 2470 8th Avenue in Harlem, Manhattan, 22-unit residential walkup building (C7) at 271 West 144th Street in Harlem, Manhattan, and 18-unit residential walkup building…
