Derek Greenberg’s Green Street Group through the entity 546 Metro Spe LLC paid $3 million to the Franquinha family through the entity Arf Metro, LLC for the industrial building (E9) at 546 Metropolitan Avenue in Williamsburg, Brooklyn. The expected use is ground up development. The deal closed on November 20, 2024 and was recorded on November 26, 2024. The property has 3,034 square feet of…
The entity 3415 FLB LLC with unknown ownershp registered with the law firm Christodoulou & Lau, paid $3.1 million to Citizens Bank for the retail building (K7) at 34-15 Francis Lewis Boulevard in Bayside, Queens. The deal closed on November 20, 2024 and was recorded on November 26, 2024. The property has 5,522 square feet of built space and 6,877 square feet of additional air…
Nichols Melissinos through the entity Melco Realty LLC paid $4.8 million to the Deternova family through the entity SGD Associates, LLC for the 32-unit residential walkup building (C1) at 35-42 73rd Street in Jackson Heights, Queens. The expected use is cash flowing. The deal closed on November 18, 2024 and was recorded on November 26, 2024. The property has 25,832 square feet of built space…
TZM Realty through the entity Zachery 88 LLC paid $5 million to Glen Burger through the entity East 88th Street Apartment Group, LLC for the 16-unit residential walkup building (C7) at 520 East 88th Street in Yorkville, Manhattan. The expected use is cash flowing. The deal closed on November 20, 2024 and was recorded on November 26, 2024. The property has 8,935 square feet of…
UPDATED: The Japanese firm Fukuoka Road Co. paid $22.8 million to Peak Capital Advisors through the entity 89 Owner LLC for the 14-unit residential walkup building (C4) at 161 East 89th Street in Carnegie Hill, Manhattan and 12-unit residential walkup building (C4) at 163 East 89th Street in Carnegie Hill, Manhattan. The expected use is cash flowing. The deal closed on November 20, 2024 and…
Savanna through the entity Weisshorn Re 799 Broadway LLC paid $255 million to PIMCO’s Columbia Property Trust through the entity Maple C 799 Broadway Owner II, LLC for the newly built office building (O6) at 799 Broadway in Greenwich Village, Manhattan. The expected use is cash flowing. The building is across the street from the historic Grace Church in New York, constructed in the 1840s….
Concord Hotels through the entity Concord Panorama Greenwich LLC as borrower signed a refi loan with lender New York Life Insurance Company through the entity New York Life Insurance Company valued at $49.5 million for the 192-key hotel building (H2) at 100 Greenwich Street in Financial District, Manhattan. The deal closed on November 12, 2024 and was recorded on November 25, 2024. The prior lender…
William Rothner through the entity 867 4th Avenue LLC as borrower signed a refi loan with lender Starwood Mortgage Capital valued at $66 million for the 150-unit residential elevator building (D3) at 867-875 4th Avenue in Greenwood Heights, Brooklyn. On the lot, there was one active new building construction project, 321383169, for a 150-unit, 101,950 square-foot R-2 building. The project was submitted by Heritage Equity…
Success Academy Charter Schools through the entity 586 River Ave., LLC as borrower signed a new construction loan with lender Build NYC Resource Corporation valued at $150 million for the industrial building (E7) at 580 River Avenue in Concourse, Bronx. On the lot, there is one active new building construction project, X00706080, for a 219,166 square-foot school (E) building. The project was submitted by Richard…
The entity Left Is Right, Hot Is Cold LLC with unknown ownership paid $12.3 million to the artist William Wegman through the entity Penny Candy LLC for the mixed-use building (K4) at 245 West 18th Street in Chelsea, Manhattan. The deal closed on November 21, 2024 and was recorded on November 25, 2024. The property has 5,834 square feet of built space and 18,240 square…
Alexander Maroni and Bren Salamon through the entity 506 Henry LLC paid $5 million to National Realty Investment Advisors through the entity Henry Street Capital 506 Propco LLC for the four-unit building (C3) at 506 Henry Street in Carroll Gardens, Brooklyn. The expected use is cash flowing. The deal closed on November 4, 2024 and was recorded on November 25, 2024. The property has 6,492…
Ilya Parnas through the entity 2102 Parnasa LLC paid $8.9 million to Joel Jacob and Morris Jacobs through the entity 2102 Ralph Realty LLC for the retail building (K1) at 2102 Ralph Avenue in Flatlands, Brooklyn. The expected use is cash flowing. The deal closed on November 18, 2024 and was recorded on November 25, 2024. The property has 11,926 square feet of built space…
AmTrust Realty through the entity Amcap 360 LLC paid $65.5 million to Savanna through the entity 360 Lexington Avenue Property Investors IV, LLC for the office building (O4) at 360 Lexington Avenue in Grand Central, Manhattan. The expected use is cash flowing. The deal closed on November 14, 2024 and was recorded on November 25, 2024. The property has 238,294 square feet of built space…
Blackstone Group through its division ShopCore Properties pays $197 million to ASB Capital Management and partners for four SoHo retail locations at 72-76 Greene Street, 61-63 Crosby Street, 415 West Broadway and 40 Mercer Street, also known as 465 Broadway in four transactions. ASB Capital Management bought the properties between 2012 and 2016 for a total of $204 million. The Real Deal reported on this…
Robert Morgenstern’s Canvas Investment Partners and Tokyu Land US through the entity 430 Albee Bk Owner LLC paid $112.8 million to Spencer Equity Group through the entity Spencer Albee Equities LLC for the 150-unit rental condominium unit and a retail unit at 436 Albee Square, also known as 430 Albee Square, in Downtown Brooklyn. The expected use is cash flowing. The deal closed on November…
Blackstone Group through the entity SIG CRE 2023 Venture LLC, filed a $24 million pre-foreclosure action at the 24,130-square-foot office condominium unit OFFA2 at 60 Columbus Circle, which an affiliate of the Mack family owns, in the Time Warner Center. This office unit is also known as Unit-A2. According to the complaint, “Borrower failed to timely make the payment due and owing under the Note…
Aaron Katz through the entity Ft 5402 LLC as borrower signed a refi loan with lender Starwood Mortgage Capital valued at $29 million for the new office building at 5402 Fort Hamilton Parkway in Borough Park, Brooklyn. There was a new building project filed, B00529596, for a 53,629 square-foot office building submitted by Royal Builders and filed by Joshua Markovics with plans filed October 4,…
The art gallery Gagosian through the entity 136 Wooster Corp. as borrower signed a refi loan with lender JPMorgan Chase valued at $40.6 million for the retail building (K2) at 543-545 West 24th Street in Chelsea, Manhattan. The deal closed on October 28, 2024 and was recorded on November 22, 2024. The prior lender was JPMorgan Chase which held debt that had an original loan…
Watermark Capital Group and Maguire Capital Group signed two loans totaling $65.5 million for a large development site at 6208 8th Avenue in Sunset Park, Brooklyn, with Daryl Hagler and Ezra Husney’s Genesis Holdings Management, in separate transactions. On the lot, there is one active new building construction project, B00754062, for a 497-unit, 652,445 square-foot R-2 building. The project was submitted by Joel Werczberger and…
ONS Clothing through the entity Ons Clothing LLC paid $7.8 million to Kamran Hakim’s Hakim Organization through the entity 201 Mulberry Commercial LLC for the retail condo at 201 Mulberry Street in Nolita, Manhattan. The expected use is owner-occupied. ONS Clothing currently occupies the space. The deal closed on November 19, 2024 and was recorded on November 22, 2024. The property has 4,521 square feet…
