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…
Peak Capital Advisors through the entity 819 Owner LLC paid $5 million to the entity 4 G Realty LLC for the six-unit mixed-use building (S9) at 511 9th Street in Park Slope, Brooklyn. The expected use is cash flowing. The deal closed on September 20, 2024 and was recorded on October 7, 2024. The property has 6,384 square feet of built space according to a…
David Yeroshalmi through the entity Melco Management LLC paid $6.3 million to Jenel Management through the entity Melrose 3rd Associates LLC for the office and retail building (O5) at 2865 3rd Avenue in Melrose, Bronx. The expected use is cash flowing. The deal closed on September 19, 2024 and was recorded on October 7, 2024. The property has 20,512 square feet of built space according…
Jewel Saeed through the entity Mass 21 St LLC paid $9.8 million to Jerome Yates and Michael Yates through the entity 36 Bruckner Associates LLC for the industrial building (E9) at 36 Bruckner Boulevard in Mott Haven, Bronx. On the lot, there is one active new building construction project, X01095874, for a 99-unit residential (R-2) building. The project was submitted by Arian Liton and filed…
UPDATED, 6:52 a.m., April 18, 2026: Durgaj Properties and Balfin Group through the entity 112 East 167 Street LLC paid $10.2 million to Tresser Properties through the entity 167 Holding Corp. for the retail building (K1) at 112 East 167th Street in Concourse, Bronx. The expected use ground up development, based on the price per foot. The deal closed on September 26, 2024 and was…
JSB Capital Group paid $38 million to Kushner Companies for six walkup properties in the East Village, in two separate transactions. JSB Capital Group assumed a $31.75 million loan held by Series 2020-B17 and serviced by K-Star Asset Management. In the first, JSB Capital Group through the entity Evp Owner LLC paid $27 million to Kushner Companies through the entity Kushner Village 329 East 9th…
Beacon Communities and MBD Community Housing through the entity Bbm Brc LLC signed a 99-year ground lease valued at $34.3 million with the landlord, the New York City Housing Authority for the 307-unit residential elevator building (D1) at 3475 Bivona Street in Eastchester, Bronx, 231-unit residential elevator building (D3) at 3550 Bivona Street in Eastchester, Bronx, and 241-unit residential elevator building (D6) at 2440-2456 Boston…
Just under two months after the death of real estate investor and garage owner Perry Finkelman, the entity formed to purchase the building in 2019 from an affiliate of his filed for bankruptcy. The owner entity, 47 Brooklyn Lofts LLC, is named in decade-old litigation brought by four tenants of the building located at 57 Thames Street in East Williamsburg, Brooklyn. Bankruptcy 1-24-44146-jmm LINK Daniel…
Flagstar Bank filed an $11.8 million pre-foreclosure filing on October 3, 2024, alleging payment defaults for the loan that is secured by 820 West 181st Street in Washington Height, Manhattan. The bank filed the action in State Supreme Court in Manhattan. The borrower is an affiliate of the Edelstein family’s Edel Family Management. Case LINK Court filings represent the position of one party and are…
One-time hotel owner Shepard Morgan through the entity St. Claire Builders & Contractors, Ltd. as borrower signed a renovation construction loan with lender Low Income Investment Fund valued at $8 million to develop a women’s shelter at the former hotel building (H3) at 27 West 11th Street in Greenwich Village, Manhattan. This is a renovation and change in use of the Larchmont Hotel, a former…
The Blackstone Group through the entity SIG CRE 2023 Venture LLC filed a $25 million pre-foreclosure action against a partnership, 267 Property Corp., which owns 265 Broadway in the Financial District, on which there are building plans for a 49-story development. The lender filed the complaint on Friday in New York State Supreme Court in Manhattan. According to the complaint, individuals associated with the loan…
Steven Wu through the entity 366 SW Realty Inc. paid $5.5 million to the estates of Bo Wing Tsao and Hor Suey Yee Tsao for the two-unit mixed-use building (S2) at 5713 8th Avenue in Sunset Park, Brooklyn. The expected use is cash flowing. The deal closed on September 13, 2024 and was recorded on October 4, 2024. The property has 3,135 square feet of…
Woodworker and tax partner at the law firm Cravath, Swaine & Moore, Ron Creamer, paid $5.8 million to the company Neo-Bauhaus Design Factory for the landmarked Montauk Paint Manufacturing Company Building (F5), at 170 Second Avenue in Gowanus, Brooklyn. The deal closed on September 25, 2024 and was recorded on October 4, 2024. The property has 13,968 square feet of built space according to a…
The bondholders of the CMBS trust Series 2020-SB80 by special servicer CWCapital Asset Management through the entity 300 West 114th Street Holdings, LLC acquired through a judicial foreclosure from former owner Sugar Hill Capital Partners the nine-unit residential walkup building (C7) at 300 West 114th Street in Harlem, Manhattan and nine-unit residential walkup building (C7) at 2107 8th Avenue in Harlem, Manhattan. The expected use…
Steven B. Elghanayan’s EPIC LLC through the entity Epic W12 LLC as borrower signed a refi loan with lender TD Bank valued at $53 million for the retail building (O5) at 410 West 13th Street in Meatpacking District, Manhattan. The deal closed on September 27, 2024 and was recorded on October 3, 2024. The prior lender was TD Bank which held debt that had an…
Simone Development Companies through the entity Hutch Tower Two Owner LLC as borrower signed a refi loan with lender Union Labor Life Insurance Company valued at $85 million for the office condo at 1250 Waters Place in Pelham Bay, Bronx. The deal closed on September 27, 2024 and was recorded on October 3, 2024. The prior lender was Series 2014-C24 which held debt that had…
The entity 271 Canal LLC, which has an office at the same location as the Eshagh Moezinia Family Trust, paid $6.5 million to Bruce Fung through the entity Lay Fung Realty Corp. for the mixed-use building (K4) at 271 Canal Street in Little Italy, Manhattan. The expected use is cash flowing. The deal closed on October 2, 2024 and was recorded on October 3, 2024….
Peak Capital Advisors through the entity 212 8th Owner LLC paid $7.1 million to Corey Sherman through the entity Ens/21 LLC for the 17-unit residential walkup building (C7) at 212 8th Avenue in Chelsea, Manhattan. The expected use is cash flowing. Peak Capital Advisors is one of the most active buyers in the city. The deal closed on September 27, 2024 and was recorded on…
UPDATED 3:40 p.m., October 7, 2024: The entity Bushwick Management Group, LLC paid $8.6 million to Bushwick Economic Development Corporation for the 62-unit specialty building (N2) at 629 Chauncey Street in Bushwick, Brooklyn. The deal closed on September 16, 2024 and was recorded on October 3, 2024. The property has 24,622 square feet of built space and 5,750 square feet of additional air rights for…
