Transfers

CACHED

Caro Enterprises signs $20M refi with Bank of America for 69-unit rental in Williamsburg

Caro Enterprises through the entity Williamsburg Lofts Owner, LLC as borrower signed a refi loan with lender Bank of America valued at $20 million for the 69-unit residential elevator building (D3) at 390 Wythe Avenue in Williamsburg, Brooklyn. The deal closed on September 18, 2024 and was recorded on September 23, 2024. The prior lender was Hines which held debt that had an original loan…

Metropolitan Realty signs $37.1M refi with Greystone & Co. for East Harlem rentals

Metropolitan Realty Group through the entity Jamie’S Place Housing Development Fund Corp. as borrower signed a refi loan with lender Greystone & Co. through the entity Greystone Servicing Company LLC valued at $37.1 million for five properties with 127 residential units including the 33-unit residential elevator building (D7) at 101/109 East 119th Street in East Harlem, Manhattan, 35-unit residential elevator building (D3) at 127/135 East…

Prestige Properties ups debt to $280M at Co-op City shopping center

Prestige Properties & Development, led by Sam Shalem and Irving Pergament, through the entity SP Center LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $280 million for two properties including the retail shopping center (K6) at 2100 Bartow Avenue in Co-op City, Bronx and retail building (K2) at 2134 Bartow Avenue in Co-op City, Bronx. The deal closed on September…

Botsaris Morris Realty sells retail in Ridgewood for $3.5M

Karthik Gujja through the entity Myrtle Realty Group LLC paid $3.5 million to Botsaris Morris Realty Group through the entity Ridge Breeaad LLC for the retail building (K4) at 57-09 Myrtle Avenue in Ridgewood, Queens. The expected use is cash flowing. The deal closed on September 11, 2024 and was recorded on September 23, 2024. The property has 3,000 square feet of built space and…

Body shop owner pays $6.2M for auto repair building in Glendale

Emil Izrailov, an auto repair owner, through the entity Mullouk LLC paid $6.2 million to Shafqat I. Chaudry through the entity C Five New York LLC for the auto repair building (F9) at 88-43 76th Avenue in Glendale, Queens. The expected use is owner-occuped. Emil Izrailov also leads Maccabi Auto Body, also in Queens. The deal closed on September 18, 2024 and was recorded on…

Democratic Republic of Congo sells 5-unit Lenox Hill walkup for $9M

The entity 14 East 65 Street LLC in care of the Brooklyn law firm Brickner Makow paid $9 million to the Democratic Republic of the Congo through the entity Permanent Mission Of Congo To The UN for the five-unit residential walkup building (C2) at 14 East 65th Street in Lenox Hill, Manhattan. The expected use is cash flowing. The deal closed on September 19, 2024…

Namdar, Empire, Mason Asset pay $40.5M to Related for office in Hell’s Kitchen, was $152M in 2018

Namdar Realty Group, Empire Capital, and Mason Asset Management through the entity Plant Realty LLC (and others) paid $40.5 million through a short sale to Related Companies through the entity RREF II The Plant, LLC for the office building (O6) at 321 West 44th Street in Hell’s Kitchen, Manhattan. The expected use is cash flowing. Related’s Related Fund Management bought the building in 2018 for…

NYC Hotel union pays $69.5M to Nuveen, Clarion, Union Investment for Ladies Mile retail, office

UPDATED 6:50 a.m., September 24, 2024: The New York Hotel Trades Council and Hotel Association of New York City Health Center paid a total of $69.5 million in two transactions for the office and the retail condominiums that make up the commercial building at 646 Sixth Avenue, at the corner of 19th Street on the Ladies Mile stretch of the Flatiron District, Manhattan. The expected…

Texas-based Waste Connections pays $26.5M to Royal Waste for industrial in Jamaica, second purchase

Waste Connections based in suburban Houston, through the entity Royal Waste Property Holdings LLC, paid $26.5 million to Royal Waste Services through the entity M & P Reali Enterprises, Inc. for the industrial building (E1) at 172-02 to 172-06 Douglas Avenue in Jamaica, Queens. This is the second purchase Waste Connections has made from Royal Waste this month. The deal closed on September 3, 2024…

Related’s Jeff Blau accuses frustrated EB-5 investors of aggressive harassment

Related Companies’ CEO Jeff Blau filed a lawsuit Friday asking a judge to restrain a group of angry EB-5 investors from allegedly hostile activities targeting Blau and his family at his home in New York City. The individuals, seven foreign nationals who are now green card holders through the EB-5 program, are seeking the return of their $500,000 investments made that financed a portion of…

$16.75M in pre-foreclosure suits filed against Bed Stuy, Crown Hts rentals

A special servicer filed three pre-foreclosure actions last week totaling $16.75 million in original principal alleging the loans secured by 709–711 DeKalb Avenue in Bedford Stuyvesant, 1131 President Street in Crown Heights and 372 Montgomery Street in Crown Heights were in a payment — and other — defaults. The properties are all owned by the same individual, Yeshaya Wasserman, the filings show. The special servicer…

Silverman, Mendel obtain $11.5M renovation loan with Levon Capital for shelter in Baychester

Nathan Silverman and Shia Mendel through the entity 3240 Grace Ave LLC as borrower obtained a renovation construction loan with lender Levon Capital through the entity Levon NY CXXIV LLC valued at $11.5 million for the development of a homeless shelter at the industrial building (E9) at 3240 Grace Avenue in Baychester, Bronx. The deal closed on September 17, 2024 and was recorded on September…

Alma Realty signs $9.8M refi for two rentals in Upper Manhattan

Alma Realty through the entity Getty Industries LLC as borrower signed a refi loan with lender Customers Bank valued at $9.8 million for two residential elevator properties with 75 residential units including the 50-unit residential elevator building (D7) at 5008 Broadway in Inwood, Manhattan and 25-unit residential elevator building (D7) at 4441 Broadway in Washington Heights, Manhattan. The deal closed on September 9, 2024 and…

Crescent Heights signs $18M refi with Citibank for retail in Lenox Hill

Crescent Heights through the entity 165 E 66, LLC as borrower signed a refi loan with lender Citibank through the entity Citi Real Estate Funding Inc. valued at $18 million for the retail condominium unit at the base of the Hanley condominium at 165 East 66th Street in Lenox Hill, Manhattan. The retail spans the entire blockfront of Third Avenue from 66th Street to 67th…

Madison Realty Capital pays $4.1M for retail in Chelsea

Madison Realty Capital through the entity 550 W 29th St Commercial Owner LLC paid $4.1 million to Raba Haim Abramov through the entity 550 West 29th Street LLC for the retail condo at 550 West 29th Street in Chelsea, Manhattan. The expected use is cash flowing. The deal closed on September 13, 2024 and was recorded on September 20, 2024. The property has 5,022 square…

Rodshel Pinkhasov pays $5.5M for retail in Fresh Meadows

Rodshel Pinkhasov through the entity Union Turnpike Holdings LLC paid $5.5 million to Jacob Kriger through the entity 300 Straight Street, Inc. for the retail building (K1) at 189-03 Union Turnpike in Fresh Meadows, Queens. The expected use is cash flowing. The parcel spans the entire 200-foot frontage on Union Turnpike from 189th Street to 190th Street. The deal closed on September 5, 2024 and…

Meridian Properties pays $6M for residential elevator in Bensonhurst

Meridian Properties through the entity Epsilon 19th 1C LLC paid $6 million to the entity 7920 19th Avenue LLC for the 48-unit residential elevator building (D1) at 7920 19th Avenue in Bensonhurst, Brooklyn. The expected use is cash flowing. The deal closed on August 23, 2024 and was recorded on September 20, 2024. The property has 48,000 square feet of built space according to a…

Outdoor advertising affiliate pays $6.9M for mixed-use in Hudson Square

Jay Heleva, the CEO of out-of-home advertising company Seen Media Group, through the entity 282 Hudson LLC paid $6.9 million to Kenneth Haft through the entity Kh 282 Hudson, LLC for the three-unit mixed-use building (S3) at 282 Hudson Street in Hudson Square, Manhattan. The deal closed on September 16, 2024 and was recorded on September 20, 2024. The property has 4,440 square feet of…

Casa Building Materials pays $7M for industrial in Hunts Point

Construction supply company Casa Building Materials through the entity 900 Edgewater LLC paid $7 million to Angela Dellorusso through the entity 900 Edgewater Sam, Inc. for the industrial property (G9) at 900 Edgewater Road in Hunts Point, Bronx. The expected use is owner-occupied. The deal closed on September 12, 2024 and was recorded on September 20, 2024. The property has 21,100 square feet of built…

Jeff Vinik affiliate pays $14M to ACRES for Waterfall Mansion in Carnegie Hill

UPDATED: New Momentum Real Estate LLC, in care of former money manager Jeff Vinik’s Tampa Bay-based family office Partners Asset Management LLC, paid $14 million through to ACRES Capital through the entity 170 East 80th Street Holdings, LLC for the Waterfall Mansion, a retail townhouse (K2) at 170 East 80th Street in Carnegie Hill, Manhattan. The expected use is owner-occupied. The sale is a real…