Firebird Grove through the entity 164 Ludlow, LLC paid $7.8 million to Ludlow Property Group through the entity Ddcm 164 Ludlow LLC for the 16-unit residential walkup building (C7) at 164 Ludlow Street in Lower East Side, Manhattan. The expected use is cash flowing. The deal closed on October 8, 2024 and was recorded on October 10, 2024. The property has 9,735 square feet of…
Thakkar Developers through the entity TD 135 West 50 LLC paid $8.5 million to UBS Realty Investors through the entity 135 West 50th Street Lessee LLC for the ground lease that controls the office building (O4) at 135 West 50th Street in Midtown West, Manhattan. The expected use is cash flowing. The fee is owned by Safehold Inc., and is not impacted by this transaction….
Nathan Obstfeld through the entity 442 Lorimer Ny LLC paid $12 million to Related Companies through the entity Nysandy14 Williamsburg 3 LLC for the 53-unit residential walkup building (C7) at 442 Lorimer Street in Williamsburg, Brooklyn. The expected use is cash flowing. The deal closed on October 2, 2024 and was recorded on October 10, 2024. The property has 48,000 square feet of built space…
Peak Capital Advisors through the entity 235 E 10th Owner LLC paid $12.5 million for the 40-unit residential walkup building (C1) at 235 East 10th Street in East Village, Manhattan. The expected use is cash flowing. The deal closed on September 27, 2024 and was recorded on October 10, 2024. The property has 16,987 square feet of built space and 1,782 square feet of additional…
Hiwin Group USA through the entity HW W 54th St LLC paid Joseph Moinian’s Moinian Group through the entity 236 West 54th Street LLC $10.5 million for 236 West 54th Street, a two-story retail building that has a total of 25,100 square feet of development potential, according to a PincusCo analysis of city data. The building is the tax lot to the east of 238-240…
Abraham Sanieoff signed a $26.5 million acquisition loan with Citizens Bank for three properties located in the West Village, Chelsea and Greenwich Village, in three separate transactions. The loan was for the purchase of these properties for $50.5 million from Page Management, which PincusCo reported on last week. In the first, Abraham Sanieoff through the entity 300 West 12th Street LLC as borrower signed an…
Shimmie Horn’s Triumph Hotels through the entity Washington Jefferson Holdings LLC as borrower signed a refi with lender Popular Bank valued at $21 million for the currently closed Washington Jefferson Hotel building (H3) at 318 West 51st Street in Hell’s Kitchen, Manhattan. The deal closed on October 1, 2024 and was recorded on October 9, 2024. The prior lender was Citizens Bank which held debt…
ASAP Holdings through the entity Asap 135th Ave Jamaica, LLC as borrower signed a refi loan with lender UBS through the entity UBS AG valued at $45 million for the hotel building (H3) at 144-10 135th Avenue in South Ozone Park, Queens. The deal closed on October 4, 2024 and was recorded on October 9, 2024. The prior lender was Peachtree Group which held debt…
Woon Sun Shim and Ju Young Shin through the entity Sfam LLC paid $3.8 million to Bernard Daskal through the entity Lde Properties, LLC for the office condominium at 137 West 25th Street in Chelsea, Manhattan. The deal closed on September 30, 2024 and was recorded on October 9, 2024. The property has 6,600 square feet of built space according to a PincusCo analysis of…
UPDATED, 9:40 a.m., October 10, 2024: Chaochun Chen through the entity Blue Moon Investors LLC paid $7.8 million to Pembroke through the entity 175 West 95 Commercial Owner LLC for the retail condominium unit at 175 West 95th Street in the Upper West Side, Manhattan. The deal closed on October 7, 2024 and was recorded on October 9, 2024. The property has 11,112 square feet…
The entity 2112 Star LLC paid $9.3 million to the Scharfman Organization through the entity 2112 Starling LLC for the 76-unit residential elevator building (D7) at 2112 Starling Avenue in Parkchester, Bronx. The expected use is cash flowing. This is the first sale for the Scharfman Organization in at least four years, according to PincusCo records. The landlord owns more than 4,000 residential units and…
The trustee for the bondholders of the securitized trust Comm 2014-CCRE15 filed a pre-foreclosure action alleging a loan with an original principal of $14 million, and secured by the retail buildings 840 Westchester Avenue, 848 Westchester Avenue and 867 Longwood Avenue was in default. The trustee filed the action in U.S. District Court in Manhattan on October 9, 2024. Case 1:24-cv-07680 LINK The Property is…
Alexander Rovt through the entity Roza 14w LLC as borrower signed a debt consolidation with lender AR Beta LLC through the entity AR Beta LLC valued at $145 million for the office building (O4) at 14 Wall Street in Financial District, Manhattan. The deal closed on November 23, 2022 and was recorded on October 7, 2024. The property has 839,749 square feet of built space…
GAIA Real Estate through the entity 50-58 East Third Street Owner LLC as borrower signed a refi loan with lender JLL through the entity JLL Real Estate Capital, LLC valued at $33.5 million for three properties with 72 residential units including the 24-unit residential walkup building (C1) at 50 East 3rd Street in East Village, Manhattan, 24-unit residential elevator building (D1) at 54 East 3rd…
Joel Landau and Marvin Rubin through the entity 270 Nostrand Propco LLC as borrower signed a new construction loan with lender Valley National Bank through the entity Valley National Bank valued at $155 million for the development building (V1) at 600 Dekalb Avenue in Bedford Stuyvesant, Brooklyn. On the lot, there is a new building project, B00680820, for a 226-unit, 199,111 square-foot residential (R-2) building…
The Japanese firm Azabu Building K.K. paid $5.5 million to Yoko Ono and Sean Oko Lennon through the entity Sekhmet Productions Inc. for the industrial building (F5) at 496 Broome Street in SoHo, Manhattan. Yoko Ono and John Lennon lived in the loft building in the 1970s before moving to the Dakota on Central Park West. The deal closed on October 7, 2024 and was…
Xiaojun Pan through the entity Dream Flushing Hotel, LLC paid $14 million to Chon Property through the entity Chon Property, Corp. for the hotel building (HB) at 137-72 Northern Boulevard in Flushing, Queens. The expected use is cash flowing. The deal closed on September 19, 2024 and was recorded on October 8, 2024. The property has 27,358 square feet of built space according to a…
Jack Guttman’s Pearl Realty Management through the entity 92 Third St Gowanus LLC paid $29.5 million to Samson Management through the entity 92 Third Street LLC for the office building (O5) at 92 Third Street in Gowanus, Brooklyn. The expected use is cash flowing. The deal closed on September 30, 2024 and was recorded on October 8, 2024. The property has 72,700 square feet of…
Ben-Josef Group Holdings through the entity 25 Monroe Development LLC paid $43.5 million to Benchmark Real Estate Group through the entity 25 Monroe Place Lp for the 67-unit residential elevator building (D3) at 25 Monroe Place in Brooklyn Heights, Brooklyn. The expected use is cash flowing. The deal closed on September 16, 2024 and was recorded on October 8, 2024. The property has 60,720 square…
UPDATED, 6:35 p.m., October 9, 2024: The entity MM Proton I Holdco, LLC, in care of Massachusetts-based Murphy & McManus, acquired an interest from Goldman Sachs through the entity Special Situations Investing Group II, LLC valued at $105 million for the cancer treatment building (I9) at 225 East 126th Street in East Harlem, Manhattan. The deal closed on August 20, 2024 and was recorded on October…
