UPDATED: Acadia Realty Trust paid $20.25 million to Brookfield Properties for retail at 350 Bleecker Street, 382 Bleecker Street, 92 Perry Street, 367-369 Bleecker Street and 387 Bleecker Street, which Brookfield bought in 2018 for $31.5 million. At the time, it said the purchase was to create a stretch of incubator retail in the West Village. Acadia Realty Trust bought the properties in four transactions….
Georgia-based Mequity Companies and Flatiron Equities through the entity 152 W 36 Owner LLC paid $23.8 million to Falcon Properties through the entity Hadji Baba Properties Corp. for the office building (O6) at 152 West 36th Street in Garment District, Manhattan. The expected use is conversion and enlargement to a self storage building to be operated by Manhattan Mini Storage, as The Real Deal reported….
Miami-based Gencom through the entity Tcpny Owner, LLC paid $288.5 million to GFI Capital Resources Group and Elliott Investment Group through the entity Parker57 LLC for the Thompson Central Park New York, by Hyatt hotel condominium unit at 111 to 119 West 56th Street in Midtown West, Manhattan. The expected use is cash flowing. Media reports put the price at $308 million. In some instances…
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 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 & 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…
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…
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…
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 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…
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…
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 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…
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…
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 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 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 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 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 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…
