UPDATED 11:39 a.m., March 19, 2026: An affiliate of Florida-based Arc Pe filed a $44 million judicial pre-foreclosure related to unsold condominium units at Tessler Development’s 172 Madison Avenue in Midtown South, Manhattan. Case LINK Arc Pe filed the complaint yesterday in New York State Supreme Court in Manhattan. The filing comes a little more than two months since Tessler Developments put the units into…
Slate Property Group signed a contract June 4, 2024 to pay $10.25 million to the Roman Catholic Church of St. Margaret Mary for the parish center church building at 9-16 27th Avenue and a vacant lot at 9-14 27th Avenue in Astoria, Queens, according to a petition filed yesterday seeking court approval for the sale of religious or nonprofit assets. The expected use is ground…
VAJA Group through the entity Bathgate Quarry LLC as borrower signed a new construction loan with lender NorthEast Community Bank through the entity Northeast Community Bank valued at $10.8 million for the industrial building (G7) at 2176 Bathgate Avenue in Belmont, Bronx. On the lot, there is one active new building construction project, X00700005, for a 22-unit, 14,991 square-foot R-2 building. The project was submitted…
Jacob Rosenberg through the entity Yc Atlantic 2 LLC as borrower signed a refi loan with lender Citibank through the entity Citi Real Estate Funding Inc. valued at $30 million for two residential elevator properties with 104 residential units including the 41-unit residential elevator building (D7) at 2767 Atlantic Avenue in Cypress Hills, Brooklyn and 63-unit residential elevator building (D7) at 2777 Atlantic Avenue in…
Zhen Mei Chen through the entity 46-18 Vernon Blvd LLC paid $4.5 million to Maria Lombardi through the entity Teria, LLC for the three-unit mixed-use building (K4) at 46-18 Vernon Boulevard in Long Island City, Queens. The expected use is cash flowing. The deal closed on August 20, 2024 and was recorded on August 22, 2024. The property has 4,700 square feet of built space…
Bungalow Projects, led by Travis Feehan and Susi Yu, through the entity NYM 215 Moore, LLC paid $7.8 million to Jennifer Lewin through the entity Standby For Sundown LLC for the industrial building (E9) at 246 Seigel Street in East Williamsburg, Brooklyn. The expected use is ground up development. Bungalow Projects purchased the adjacent vacant parcels on Moore Street and and Seigel Street for $41.5…
An unknown buyer through the entity 715 RIV MC LLC paid $8.7 million to Martin Levine and David Levine through the entity 715 Riverside Drive L.L.C. for the 47-unit residential elevator building (D1) at 715 Riverside Drive in Harlem, Manhattan. The expected use is cash flowing. The deal closed on August 15, 2024 and was recorded on August 22, 2024. The property has 65,050 square…
Maheshchand Ratanji through the entity Essence Hotel LLC paid $9.2 million to the former lender, a securitized trust through the entity Dbjpm 2017-C6 611 Degraw LLC, for the hotel building (H3) at 611 Degraw Street in Gowanus, Brooklyn. This was a real estate owned transaction and the expected use is cash flowing. The deal closed on August 15, 2024 and was recorded on August 22,…
The nonprofit United Jewish Appeal-Federation paid $10.9 million to the Leser Group through the entity 13 59&60th Building LLC for the office building (O5) at 1271 60th Street in Borough Park, Brooklyn. The expected use is owner-occupied. The deal closed on August 16, 2024 and was recorded on August 22, 2024. The property has 13,600 square feet of built space according to a PincusCo analysis…
New York University paid $69.2 million to Sherwood Equities and Arun Bhatia Development Organization through the entity Cooper And 6th Property LLC for the dormitory building (H8) at 35 Cooper Square in East Village, Manhattan. The expected use is owner-occupied. The dormitory building was net leased to Marymount Manhattan College, but that agreement was terminated a month prior to the sale, city records show. Crain’s…
Rybak Development through the entity 660 Lexington Avenue Development LLC as borrower signed a new construction loan with lender Emerald Creek Capital through the entity Emerald Creek Capital 3, LLC valued at $52 million for the 31-unit condominium development at 660 Lexington Avenue in Midtown East, Manhattan. On the lot, there is one active new building construction project, M08028413, for a 31-unit, 52,378 square-foot residential…
Benderson Development through the entity Palmetto Hospitality Of Manhattan II, LLC as borrower signed a refi loan with lender Guggenheim Partners through the entity Guggenheim Real Estate, LLC valued at $54 million for the hotel building (H2) at 220 West 41st Street in Garment District, Manhattan. The deal closed on August 15, 2024 and was recorded on August 21, 2024. The prior lender was Bank…
Yitzchok Katz through the entity 39th Ave Holdings 1 LLC as borrower signed a refi loan with lender Affinius Capital through the entity SM Finance III LLC valued at $78.4 million for two adjacent new development projects including the 64-unit 38-38 32nd Street and the 52-unit at 32-03 39th Avenue in Long Island City, Queen. The deal closed on August 15, 2024 and was recorded…
East Group Capital through the entity 2 West 16th Owner LLC paid $9.1 million to Vista Real Estate, Inc. for the 13-unit residential walkup building (C5) at 2 West 16th Street in Flatiron District, Manhattan. The expected use is cash flowing. The deal closed on August 8, 2024 and was recorded on August 21, 2024. The property has 12,750 square feet of built space and…
JPMorgan Chase in partnership with Hines paid $320.2 million to AEW Capital Management through the entity 250 Park Avenue, LLC for the office building (O9) at 250 Park Avenue in Midtown East, Manhattan. The expected use is cash flowing. The Commercial Observer reported on the deal, following a story in Bloomberg. 250 Park Avenue is across East 47th Street from 270 Park Avenue, which JPMorgan…
Turret Equities, led by David E. Dweck, through the entity NYC TH Share Holder LLC, bought a note with an original principal of $15.5 million from Goodman Capital secured by Jeffrey M. Krauss’s nine-unit residential elevator townhouse (D4) at 7 East 88th Street in Carnegie Hill, Manhattan. Carrie Chiang of the Corcoran Group is marketing the building for $18.8 million as a potential single-family home…
An affiliate of Greystone & Co. filed a $28 million pre-foreclosure action at Berel Farkas-led Lightstone Management‘s 200 Linden Boulevard, a 69-unit elevator apartment building in East Flatbush, Brooklyn. The lender filed the complaint on August 21, 2024, in New York State Supreme Court in Brooklyn, alleging a maturity default, among other allegations. Court filings represent the position of one party and are not necessarily…
An affiliate of ASLD Realty as well as and Dime Community Bank, filed an $11.9 million pre-foreclosure action at the Tim Ziss-led Allied Properties’ under-construction office building at 437 88th Street in Bay Ridge, Brooklyn, in State Supreme Court in Brooklyn yesterday. The developer has applied for a certificate of occupancy but the city has not yet issued one. Tim Ziss’s Allied Properties bought the…
Kaushik Patel through the entity Melrose Hotel LLC as borrower signed an initial loan with lender Parke Bank valued at $6.8 million for the under construction, 70-room hotel building (H3) at 290 East 150th Street in Melrose, Bronx. On the lot, there is one active new building construction project, 210180999, for a 70-unit, 22,031 square-foot hotel (R-1) building. The project was submitted by Kaushik Patel…
Hampshire Properties through the entity One Nostrand Center LLC as borrower signed a refi loan with lender MF1 Capital valued at $24 million for the 59-unit, 66,835-square-foot building at 2339 Nostrand Avenue in Flatlands, Brooklyn. On the lot, there was one new building construction project, 321595653, for a 59-unit, 51,111 square-foot R-2 building. The project was submitted by Hampshire Properties and filed by Robert Rosenthal…
