Jun Young Park through the entity Js Dekalb LLC paid $2.6 million to Yoon Soon Paik through the entity 455 Dekalb Avenue LLC for the six-unit mixed-use building (S9) at 455 Dekalb Avenue in Bedford Stuyvesant, Brooklyn. The expected use is cash flowing. The deal closed on August 15, 2024 and was recorded on August 27, 2024. The property has 9,352 square feet of built…
The Koptiev family’s Platinum Realty Associates through the entity 76-14 LLC paid $2.8 million through an estate sale to the estate of Irving Waldman for the retail building (K1) at 1584-1594 Rockaway Parkway in Canarsie, Brooklyn. The expected use is cash flowing. The deal closed on August 14, 2024 and was recorded on August 27, 2024. The property has 7,070 square feet of built space…
Faisal Y. Kassim and Mojahed Y. Kassim through the entity 151 S LLC paid $3.6 million to Doreen De Leon through the entity 151 Smith Street LLC for the six-unit mixed-use building (S9) at 151 Smith Street in Boerum Hill, Brooklyn. The expected use is cash flowing. The deal closed on August 9, 2024 and was recorded on August 27, 2024. The property has 3,920…
Brooklyn Community Services through the entity Bcs 3432 Atlantic Housing Development Fund Corpora paid $4.2 million to Lorinda Logan through the entity Logan Realty Corp. for the vacant development site at 3432 Atlantic Avenue in Cypress Hills, Brooklyn. The expected use is ground up development. The deal closed on August 7, 2024 and was recorded on August 27, 2024. The property has 11,390 square feet…
Zev Mayer through the entity 735m LLC paid $4.6 million to Renee Basile through the entity Bentley Properties Management Inc. for the mixed-use building (S1) at 735-737 Myrtle Avenue in Bedford Stuyvesant, Brooklyn. The expected use is ground up development. On the lot, there is one active new building construction project, B01099712, for a 10-unit, 18,338 square-foot residential (R-2) building. The project was submitted by…
The entity Linden Lev Debt LLC at the address of Kassin Sabbagh Realty bought a note with an original principal of $9.3 million from ConnectOne Bank secured by a 32-unit residential walkup building (C1) at 255 Linden Street and the 12-unit residential walkup building (C1) at 263 Linden Street, both in Bushwick, Brooklyn. This property was part of Isaac Kassirer’s Emerald Equity Group holdings, but…
Rockrose Development through the entity 27-34 Jackson L.L.C. as borrower signed a new construction loan with lender Wells Fargo valued at $105 million for the development building (V1) at 27-34 Jackson Avenue with an alternate address of 43-14 Queens Street in Long Island City, Queens. On the lot, there is one active new building construction project, 421133623, for a 301-unit, 771,262 square-foot R-2 building. The…
RXR Realty through the entity Rxr 530 Fifth Office Owner LLC as borrower signed a refi loan with lender ING Capital through the entity Ing Capital LLC valued at $177.5 million for the office condominium unit at 530 5th Avenue in Midtown West, Manhattan. The deal closed on August 16, 2024 and was recorded on August 26, 2024. The prior lender was ING Capital which…
Jac Zadrima’s Genesis Realty Group as buyer signed contracts with seller Laura O’Shea to purchase two residential buildings in the Bronx, 273 East 239th Street in Woodlawn Heights in Woodlawn Heights and 2870 Marion Avenue in Bedford Park in two separate filings. The sale prices were not disclosed. Laura O’Shea bought the two buildings in separate transactions for a total of $12.1 million. In the…
Grocer Desh Deepak Bhardwaj through the entity 113 Liberty Reality LLC paid $10.5 million to Allied Realty & Development through the entity Epsom LLC for the mixed-use building (K2) at 113-18 Liberty Avenue in South Ozone Park, Queens. The expected use is cash flowing. Desh Deepak Bhardwaj is a co-owner of the grocery store Apna Bazar, which is a tenant in the building. The expected…
The diversified Malaysian investment company MBf Holdings Berhad through the entity Wringfield LLC paid $15.6 million to Yosef Soleymani and Joseph Soufer through the entity 958 Madison LLC for the four-unit mixed-use building (K4) at 958 Madison Avenue in Lenox Hill, Manhattan. The expected use is cash flowing. The deal closed on August 9, 2024 and was recorded on August 26, 2024. The property has…
Metro Loft Management and David Werner Real Estate Investments through the entity 219 Owner LLC paid $60 million through a partner sale to Alexandria Real Estate Equities through the entity Are-Ny Region No. 1, LLC for the former Pfizer office building (O3) at 219 East 42nd Street in Grand Central, Manhattan. The expected use is conversion to a residential apartment building. Alexandria Real Estate Equities…
UPDATED 4:45 a.m., August 27, 2024: Elon Musk’s Tesla Inc. through the entity Tesla US Property Holdings LLC, paid Adam Gordon’s Wildflower Ltd. $18 million for a 40,037-square-foot surface parking lot with the address 48-26 54th Road in Maspeth, Queens. The car manufacturer will build one of its large fast-charging Supercharger station there, city records indicate. The transaction closed four months after reports that Musk…
LeFrak through the entity 417 East Realty Limited Partnership as borrower signed a refi loan with lender Equitable Financial Life Insurance Company valued at $23 million for the 125-unit apartment building (HS) the Sutton Marquis at 417 East 57th Street also known as 410 East 58th Street, in Sutton Place, Manhattan. The deal closed on August 15, 2024 and was recorded on August 23, 2024….
SB Development Group through the entity LIC 40th Avenue Owner LLC as borrower signed a new construction loan with lender iCross Capital through the entity Elite 101 LLC valued at $83 million for the 190-unit project at 29-26 40th Avenue in Long Island City, Queens. On the lot, there is one active new building construction project, Q00682330, for a 190-unit, 129,305-square-foot residential (R-2) building. The…
Related Companies through the entity BTM Development Partners, LLC as borrower signed a refi loan with lender Deutsche Bank, Bank of America, Starwood Mortgage Capital, and Wells Fargo totaling $380 million for eight properties including the parking garage (G9) at 651 River Avenue, the retail building (K6) at 610 Exterior Street and the retail building (K6) at 700 Exterior Street in Concourse, Bronx. The deal…
Bejad Musleh through the entity Prestige BSM Realty LLC paid $5.5 million to Athanasia Lambros through the entity Bilvas Equities LLC for the 12-unit residential walkup building (C7) at 501 West 29th Street in Chelsea, Manhattan, at the corner of 10th Avenue. The expected use is cash flowing. Bejad Musleh operates delis under the name Prestige Marketplace and other names. The deal closed on August…
The Japan-based firm Success Pro Co. paid $15.3 million to the Glick family’s GPG Properties for adjacent residential walkups in Yorkville at 222 and 220 East 85th Street in two transactions. GPG Properties, formerly known as Mautner-Glick Corp., is a major multifamily owner with dozens of buildings and more than 1,000 units, according to a PincusCo analysis of city records. In the first of the…
Central Construction Management through the entity Universal Counterweight Property Group 2 LLC paid $8.5 million to Koenig Iron Works through the entity Vernon Associates LLC for the industrial building (F4) at 37-11 Vernon Boulevard in Long Island City, Queens. The expected use is owner-occupied. The deal closed on August 21, 2024 and was recorded on August 23, 2024. The property has 11,050 square feet of…
Sharon Kahen’s Kahen Properties through the entity Kahen Development Group LLC signed a contract to pay $5 million to the Roman Catholic Church of Saint Paul and Holy Rosary for the church building at 442 East 119th Street and an adjacent building at 444 East 119th Street. The church is not landmarked, according to a review of city records. The purchase and sale agreement, dated…
