Alchemy Ventures through the entity SA 251 Church Owner LLC paid $12.6 million to Randal Gindi and Zach Gindi through the entity 251 Church Street LLC for the five-unit residential elevator building (D5) at 251 Church Street in Tribeca, Manhattan. The deal closed on August 16, 2024 and was recorded on August 30, 2024. The property has 14,425 square feet of built space and 2,941…
Jacob Kohn’s Jay Group through the entity 102 Fleet Realty LLC paid $75 million to Jack Guttman’s Pearl Realty Management through the entity 147 Prince Street LLC for the six-parcel development site at 102 Fleet Place and 275 Flatbush Avenue Extension in Downtown Brooklyn. The expected use is ground up development. The former use was a surface parking lot and a single-story commercial. The sale…
Rockrose Development through the entity 91 Pacific L.L.C. paid $65 million to Madison Realty Capital through the entity Pacific Hicks Owner 2 LLC for the development site at 67-105 Pacific Street in Cobble Hill, Brooklyn. The expected use is ground up development. This is a “real estate owned” sale, in that Madison Realty Capital was the former lender and it took the property back from…
Leopold Friedman through the entity Simcha Giles Development, LLC as borrower signed a refi loan with lender Bank of Montreal valued at $18 million for the 49-unit residential elevator building (D1) at 3333 Giles Place in Kingsbridge Heights, Bronx. The deal closed on August 23, 2024 and was recorded on August 29, 2024. The prior lender was Bank of Princeton which held debt that had…
Abraham Talassazan’s Eretz Group through the entity Sheva 7 LLC as borrower signed a loan modification and extension with trustees for the securitized trust Comm 2014-CCRE16, valued at $34.4 million for the office building (O6) at 252 West 37th Street in Garment District, Manhattan. This modification halted a pre-foreclosure action. The special servicer for the $41 million loan filed a pre-foreclosure action in April 2024….
RYCO Capital through the entity West Lake 127-129 Second Avenue LLC (and others) as borrower signed an acquisition loan with lender Derby Copeland Capital through the entity Cf Dcope Atls LLC valued at $128.2 million for nine properties with 177 residential units including the 31-unit residential elevator building (D9) at 156 2nd Avenue in East Village, Manhattan, 24-unit residential elevator building (D9) at 145 2nd…
The nearly 100-year old Hartz Mountain Industries through the entities Soho Grand Hotel, Inc. and Tribeca Grand Hotel Inc. as borrowers, signed a refi loan with lender JPMorgan Chase valued at $230 million for two Manhattan hotel properties including the Soho Grand Hotel building (HB) at 310 West Broadway in SoHo, and the Roxy Hotel building (HB) at 2 Sixth Avenue in Tribeca. The deal…
Two entities registered with the law firm Cohen & Cohen Law Group paid $3.8 million to Tommy Thomas and Kevin Thomas for adjacent residential walkups in Elmhurst, Queens, in two transactions. In the first, the entity 76-17 47th Av LLC paid $1.9 million to Tommy Thomas and Kevin Thomas through the entity Kt&T LLC for the eight-unit residential walkup building (C1) at 76-17 47th Avenue…
The entity 515west29 LLC, which had a signatory from the law firm Thompson LLP, paid $2.5 million to Forum Absolute Capital Partners through the entity 515 West 29th Street Owner LLC for the retail condominium unit at 515 West 29th Street in Chelsea, Manhattan. The deal closed on August 13, 2024 and was recorded on August 28, 2024. The property has 3,512 square feet of…
Joel Wieder through the entity Gw S6 LLC as borrower signed a new construction loan with lender S3 Capital through the entity S3 Sb Real Estate Credit II Trust valued at $12 million for development at 57 South 6th Street in Williamsburg, Brooklyn. On the lot, there is one active new building construction project, 321091377, for a 10-unit, 14,705 square-foot R-2 building. The project was…
Clifford M. Stein through the entity 14 White Street LLC as borrower signed a construction loan with lender Bank of America valued at $13.2 million for 14 White Street in Tribeca, Manhattan. On these lots, there is an active new building construction project, M00530595, for a new building project for a nine-unit, 19,032 square-foot residential (R-2) building submitted by Frank Lepera with plans filed June…
Lay Assets through the entity 1775 Coney Island LLC as borrower signed a refi loan with lender Emerald Creek Capital through the entity Emerald Creek Capital 3, LLC valued at $30 million for the newly built 75-unit residential elevator building (D6) at 1775 Coney Island Avenue in Midwood, Brooklyn. On the lot, there was one new building construction project, 340802073, for a 75-unit, 59,559 square-foot…
Seagis Property Group through the entity SPG 48-55 36th St LLC paid $5.9 million to Anastasios Vrettos through the entity Lagos Realty LLC for the industrial building (F4) at 48-55 36th Street in Sunnyside, Queens. The deal closed on August 27, 2024 and was recorded on August 28, 2024. The property has 10,000 square feet of built space and 4,950 square feet of additional air…
UPDATED 5:55 p.m., January 28, 2025: The Chehebar family’s Jackson Group through the entity 597 Broadway Retail LLC paid $6.5 million to the entity 597 Broadway Development Corp. for two retail condominium units at 597 Broadway in SoHo, Manhattan. The expected use is cash flowing. The deal closed on August 26, 2024 and was recorded on August 28, 2024. The two properties have 8,648 square…
Behrooz Hedvat through the entity White Street Partners LLC paid $21 million to Gerald Weinstein and Martin Weinstein through the entity General Hardware Manufacturing Co., Inc. for the mixed-use building (K4) at 80 White Street in Tribeca, Manhattan. The expected use is cash flowing. The deal closed on August 16, 2024 and was recorded on August 28, 2024. The property has 38,890 square feet of…
John Catsimatidis’s Red Apple Group signed a contract to pay $22.5 million to the Jeanne D’Arc Residence for the 59,250-square-foot single-room occupancy building at 253 West 24th Street in Chelsea, Manhattan, adjacent to Red Apple Group’s 280 Eighth Avenue project. The seller, formerly known as the Jeanne D’Arc Home for Friendless French Girls, was formed in 1896 and the Sisters of the Roman Catholic Congregation…
Levi Kraut and David Hochhauser through the entity 6226 17th Ave LLC as borrower signed a refi loan with lender Bank of Princeton valued at $8 million for the industrial building (G2) at 6224 17th Avenue in Bensonhurst, Brooklyn. The deal closed on August 1, 2024 and was recorded on August 27, 2024. The prior lender was Finwise Bank which held debt that had an…
Stagg Group through the entity 1245 Elgh LLC as borrower signed a refi loan with lender Berkadia Commercial Mortgage through the entity Berkadia Commercial Mortgage LLC valued at $25.4 million for the 110-unit residential elevator building (D1) at 1249 Edward L Grant Hwy in Highbridge, Bronx. The deal closed on July 29, 2024 and was recorded on August 27, 2024. The prior lender was Valley…
Carlyle Group and Greenbrook Partners through the entity Townhouse Rental V, L.L.C. as borrower signed an initial loan with lender Invesco Real Estate through the entity Incref Investments MS Seller, LLC valued at $29.2 million for 13 properties with 53 residential units including the eight-unit residential walkup building (C1) at 157 Stuyvesant Avenue in Bedford Stuyvesant, Brooklyn, six-unit residential walkup building (C2) at 280 Suydam…
Valentina Gilmore through the entity Charlton LI Realty Group LLC paid $1.4 million to TPG Angelo Gordon through the entity Charlton Street Retail LLC for the leasehold on the retail unit at the 121-unit 70 Charlton Street in Hudson Square, Manhattan. The expected use is cash flowing. This unit is at the base of the Extell Development and TPG Angelo Gordon-developed condop and rental building….
