Stephen L. Green, the 86-year-old namesake to the large real estate investment trust SL Green Realty, sold a small retail condominium unit near Union Square for $4.5 million which be purchased just a few weeks shy of 40 years ago. Bernice Monaim, of the clothing store Richina Apparel through the entity 5 E16 RT LLC paid $4.5 million to Stephen L. Green through the entity…
Royal Waste Services through the entity Royal Brothers Bronx Realty LLC paid $7.8 million to Syh Kuern Chen through the entity Productive Realty NY, LLC for the industrial building (E1) at 187-62 Hollis Avenue in Hollis, Queens. The expected use is owner-occupied. Royal Waste Services owns the large adjacent 62,616-square-foot lot, 187-40 Hollis Avenue. This is the firm’s second purchase that closed in October. The…
Edward Shllaku through the entity 99-44 62nd Realty LLC paid $8 million to Kassin Sabbagh Realty through the entity 99-44 62 LLC for the 62-unit residential elevator building (D1) at 99-44 62nd Avenue in Rego Park, Queens. The expected use is cash flowing. KSR acquired the building in April from the Golyan family’s Golyan Enterprises through a bankruptcy auction, as the lender using a $5…
Lalezarian Properties through the entity 569 3rd Avenue LLC paid $10.4 million to the Mossanen Group through the entity East 37th Street LLC, to transfer air rights from the 48-unit residential building (D3) at 207 East 37th Street and the 34-unit residential building (D3) at 213 East 37th Street, to the three-parcel, mid-block development site at 569 Third Avenue, all in Murray Hill, Manhattan. On…
Sotheby’s through the entity 945 Madison Avenue, LLC paid $100 million to the Whitney Museum of American Art for the museum building (P7) at 945 Madison Avenue in Lenox Hill, Manhattan. The expected use is owner-occupied. The auction house plans to make the Marcel Breuer-designed Brutalist building into its global headquarters. The Whitney is now located in the Meatpacking District. The deal closed on November…
Blackstone Group file two pre-foreclosure actions last week, the larger for a $10.5 million loan secured by RFR Holding’s retail and garage units at 404 East 76th Street in Lenox Hill, and the other for a $7 million loan secured by a real estate investor’s Hell’s Kitchen rental buildings at 334 and 336 West 46th Street with a total of 12 residential units over retail….
Shalev Shoshani and Shlomo Shoshani signed three refinance loans totaling $13.4 million with JPMorgan Chase for retail in Highbridge, Concourse and Mt. Eden, the Bronx, in three separate transactions. In the largest, Shalev Shoshani and Shlomo Shoshani through the entity 1223 Realty Corp. as borrower signed a refi loan with lender JPMorgan Chase through the entity valued at $8.3 million for the retail building (K4)…
Meadow Partners through the entity 1501 8th Avenue Owner LLC (and others) as borrower signed a refi loan with lender Hudson Bay Capital Management through the entity HBC Credit Investments LLC valued at $96 million for 15 properties with 107 residential units including the 24-unit residential walkup building (C7) at 81-83 St. Marks Place in East Village, Manhattan, 13-unit residential walkup building (C7) at 704…
Macerich through the entity Queens Center Spe LLC as borrower signed a refi loan with lender Deutsche Bank through the entity German American Capital Corporation valued at $525 million for six properties composing the Queens Center mall, including the mixed-use building (K6) at 90-15 Queens Boulevard in Elmhurst, Queens, mixed-use building (K6) at 57-15 92nd Street in Elmhurst, Queens, and retail building (K6) at 58-06…
Greg Sun was the signatory for the entity 547 Management LLC that paid $4.8 million to Aegina Angeliades through the entity 547 Realty LLC for the office building (O5) at 5-47 47th Road in Long Island City, Queens. The expected use is cash flowing. The deal closed on October 1, 2024 and was recorded on November 7, 2024. The property has 8,025 square feet of…
Steve Samandarov through the entity Smd Bowery Street LLC paid $5.5 million to Rwn Real Estate Partners through the entity Noho Associates LLC for the east retail condo at 57 Bond Street in NoHo, Manhattan. The expected use is cash flowing. The deal closed on October 30, 2024 and was recorded on November 7, 2024. The property has 3,871 square feet of built space according…
Namdar Realty Group and Klosed Properties through the entity 20 E 46 Bh LLC acquired through an assignment-in-lieu of foreclosure from Nightingale Properties through the entity Ng Crown 20 E. 46th St LLC, the ground lease controlling the office building (O6) at 20 East 46th Street in Grand Central, Manhattan, in a $10.4 million transfer. The expected use is cash flowing. Namdar Realty Group and…
Ian Schrager through the entity 215 Chrystie Mezz I LLC acquired an interest from the existing ownership of the hotel, through the entity 215 Chrystie Mezz LLC valued at $173.75 million for Public Hotel condo at 215 Chrystie Street in the Lower East Side, Manhattan. This is an entity level transfer. In this highly litigated case, a UCC auction was scheduled for September 6, 2024….
An affiliate of lender Greystone & Co. was the highest bidder at a September auction in Brooklyn, winning control of the 55-unit rental building at 271 Lenox Road in East Flatbush, from Eli Karp’s development company Hello Living that had a total judgment of $44.98 million, according to a filing with the New York State Supreme Court. Greystone through the entity 271 Lenox Property LLC…
Bahram Hakakian’s Allied Realty & Development through the entity Allied XXXX LLC paid $11 million to Michael Tsoumpas through the entity Tsoumpas 1105 Equities LLC for the 10-unit elevator and retail building at 1105 Lexington Avenue in Lenox Hill, Manhattan. The property was renovated in 2022 and the expected use is cash flowing. The deal closed on October 29, 2024 and was recorded on November…
Nadav Hamo through the entity 515 Dean Street Group LLC as borrower signed a rehab construction loan with California-based lender Genesis Capital through the entity Genesis Capital, LLC valued at $10.2 million for the specialty building (M1) at 515 Dean Street in Prospect Heights, Brooklyn. The deal closed on September 30, 2024 and was recorded on November 6, 2024. The property has 8,400 square feet…
Canon Hospitality Management through the entity Ch Associates XII LLC as borrower signed a acquisition loan with lender Poppy Bank valued at $11.9 million for the hotel building (H3) at 833 39th Street in Sunset Park, Brooklyn. The deal closed on October 1, 2024 and was recorded on November 6, 2024. The prior lender was Berkshire Bank which held debt that had an original loan…
Chaim Wurzberger through the entity 716 E32 Holdings LLC as borrower signed a new construction loan with lender S3 Capital through the entity S3 Re Funding III LLC valued at $16.4 million for two 716 East 32nd Street and 3120 Glenwood Road in East Flatbush, Brooklyn. On these lots, there are two active new building construction projects and major alteration projects with initial costs more…
Icon Realty Management through the entity 300 West 22 Realty LLC as borrower signed a refi loan with lender Starwood Property Trust through the entity Spt Real Estate Capital, LLC valued at $29.3 million for the The Moore Hotel building (H2) at 300 West 22nd Street in Chelsea, Manhattan. The deal closed on October 28, 2024 and was recorded on November 6, 2024. The prior…
UPDATED, 2:55 p.m., November 7, 2024: RFR Holding through the entity Gowanus Owner LLC as borrower signed a refi loan with lender Madison Realty Capital through the entity 175-225 Third Street Lender LLC valued at $82.4 million for three properties including the property at 175 3rd Street and the industrial building (G9) at 225 3rd Street in Gowanus, Brooklyn. This is a mortgage modification, consolidation…
