The Koptiev family’s Platinum Realty Associates through the entity 833 Flat LLC paid $12.5 million to Harbor Group International through the entity 22-26 Flatbush, LLC for the mixed-use building (K2) at 833 Flatbush Avenue and the adjacent retail building (K1) at 847 Flatbush Avenue in Flatbush, Brooklyn. Harbor Group International bought the two buildings in 2015 for $22 million. The deal closed on September 6,…
Morris Bawabeh through the entity Midyan Gate Realty LLC as borrower signed a refi loan with lender Israel Discount Bank valued at $17.6 million for four retail properties including the retail building (K1) at 190 East 98th Street, the retail building (K1) at 90 East 98th Street, and the retail building (K1) at 144 East 98th Street in Brownsville, Brooklyn. The deal closed on September…
Aron Kapelyus through the entity Pulaski Development LLC as borrower signed a refi loan with lender Amalgamated Bank valued at $12.2 million for four properties with 58 residential units including the 30-unit residential elevator building (D9) at 470 Pulaski Street, the 12-unit residential elevator building (D1) at 476 Pulaski Street, the eight-unit residential walkup building (C1) at 468 Pulaski Street and the rental building 466…
Mack Real Estate Group through the entity 19 India Fee Owner LLC as borrower signed a refi loan with lender Apollo Global Management through the entity Athene Annuity And Life Company valued at $158.5 million for the 368-unit residential and retail building The Greenpoint at 19 India Street in Greenpoint, Brooklyn. The deal closed on August 29, 2024 and was recorded on September 19, 2024….
UPDATED: Parke Leatherman’s Lockhill Properties paid Dean Marchi $6.15 million for adjacent walkup properties in Kips Bay, Manhattan, at 243 and 245 East 31st Street in two separate transactions. In the larger, Lockhill Properties through the entity 245 East 31st Owner LLC paid $3.6 million to Dean Marchi through the entity Nina Estates, Inc. for the 18-unit walkup building (C5) at 245 East 31st Street…
UPDATED: Lipa Engel through the entity 1713 Equities LLC paid $3.8 million to Sugar Hill Capital Partners, through the entity 1713 8th Avenue Residences, LLC for the office building (O5) at 1713 8th Avenue in South Slope, Brooklyn. The expected use is to convert it to a 29-unit residential building. On the lot, there is one active major alteration construction project, B01055195, for a 29-unit,…
U-Haul parent company Amerco through the entity Amerco Real Estate Company paid $6.5 million to Mega Contracting Group through the entity Astwood Realty, LLC for the industrial building (E1) at 27-07 Brooklyn Queens Expressway in Woodside, Queens. The expected use is ground up development. The deal closed on September 16, 2024 and was recorded on September 19, 2024. The property has 6,000 square feet of…
JPMorgan Chase filed a $30 million pre-foreclosure action at 547-553 West 27th Street, a six-story, 97,200-square-foot retail building in Chelsea, alleging the loan was in a payment default. The owner is Yitzhak Pastreich of Pinetree Group. Case LINK Yitzhak Pastreich, also known as James or Jim Pastreich, bought the building in 1999 for $750,000. He refinanced the building several times over the years, including the…
The Blackstone Group through the entity SIG CRE 2023 Venture LLC filed a $15.2 million pre-foreclosure action alleging the loan provided to Lightstone Group through its 485 Retail Parcels LLC and secured by two retail condominium units with a total of 3,846 square feet at the base of the Moxy hotel at 485 Seventh Avenue in the Garment District, was in default. The lender filed…
Jonathan Ohebshalom’s Sky Management paid Madison Realty Capital $18.5 million for the 36-unit Chelsea rental at 421 West 21st Street. Madison Realty Capital bought the property for $21.75 million in 2014, with plans to reposition and modernize the building. Madison Realty Capital is one of the city’s most active private equity investment firms, deeply involved in lending, development and ownership. The elevator building with 36…
Mariano Diaz through the entity Amelia And Celine Realty LLC paid $6 million to Harvey Rosenblum through the entity 326/328 Graham Avenue Corp. for the 11-unit residential walkup building (C7) at 326 Graham Avenue in Williamsburg, Brooklyn. The expected use is cash flowing. The deal closed on September 17, 2024 and was recorded on September 18, 2024. The property has 12,000 square feet of built…
Wolfe Landau’s Watermark Capital Group through the entity Hoyt Complex LLC signed a 99-year ground lease with Jacob Marciano through the entity Jezin LLC for the four-unit mixed-use building (S9) at 208 Livingston Street and 42 to 50 Hoyt Street in Boerum Hill, Brooklyn, in a deal valued at $10.1 million. The expected use ground up development. The lease was signed on September 13, 2024…
A referee appointed by a New York State Supreme Court justice set October 16, 2024, as the date for a foreclosure auction to sell the office and retail building at 158 Lafayette Street, also known as 151 Grand Street, in Little Italy, which has a judgment lien of $35.3 million. The property is owned by Dan Arev’s Link Real Estate and Baruch Singer and has…
Bushburg Properties through the entity Pine RE LLC paid $160 million to Rudin Development Group through the entity 80 Pine LLC for the 1.1 million square foot office building at 80 Pine Street with an alternate address of 110 Maiden Lane, in the Financial District, Manhattan. The expected use is conversion to residential. The purchase was financed with a $134.4 million loan from Pine Financial…
Lenders filed two pre-foreclosure actions yesterday, the larger was for an $11.9 million loan secured by the newly built 36-unit building at 531-535 West 159th Street in Washington Heights, Manhattan, and the smaller was for a $6.6 million loan secured by the 14-unit building at 651 Brooklyn Avenue in East Flatbush. The larger building was divided into two commercial condominium units, with a total of…
NCV Capital Partners and the nonprofit Unique People Services through the entity 1415 Ogden Avenue Housing Development Fund Corp. as borrower signed a new construction loan with lender JPMorgan Chase through the entity Unique People Services, Inc. valued at $52.1 million for the specialty building (M1) at 1415 Ogden Avenue in Highbridge, Bronx. On the lot, there is a new building construction project, X00969702, for…
ZD Jasper Realty through the entity Zdj W 37 LLC as borrower signed a new construction loan with lender Maxim Capital Group through the entity Maxim Credit Group, LLC valued at $117.5 million for the industrial building (G1) at 430 West 37th Street in Hudson Yards, Manhattan. On the lot, there is one active new building construction project, M00813221, for a 128-unit, 128,331 square-foot R-2…
Eduard Nektalov through the entity EBM Properties 2024 LLC paid $2.5 million to Andor Deutsch through the entity Anvic Estate LLC for the property at 62 West 47th Street in Midtown West, Manhattan. The expected use is owner-occupied. The deal closed on September 4, 2024 and was recorded on September 17, 2024. The property has 3,209 square feet of built space according to a PincusCo…
Forever Creations USA through the entity Bardia Holdings LLC paid $3 million to Sahar Atid through the entity Sahar-Atid Properties, LLC for the office condo at 50 West 47th Street in Midtown West, Manhattan. The expected use is owner-occupied. This is in the International Gem Tower Extell Development built. The deal closed on September 5, 2024 and was recorded on September 17, 2024. The property…
The Mondi family sold a six-parcel development site in Dyker Heights, Brooklyn, at 708 to 712 61st Street and 716 to 720 61st Street for $8 million in two transactions. The parcels are contiguous but on 61st Street they do not include 714 61s Street, owned by Hok Doon John Au. The buyer entity LF 718 Realty, is registered at a Brooklyn address associated with…
