Israel Weiss through the entity 139 S 8th St LLC paid $2.3 million to Aron Taub through the entity Nora Nj LLC for the four-unit building (C3) at 139 South 8th Street in Williamsburg, Brooklyn. The expected use is cash flowing. The deal closed on July 29, 2024 and was recorded on August 20, 2024. The property has 6,494 square feet of built space according…
GW Equities, led by Berish Wagschal and Avraham Garbo through the entity GW Russell LLC paid $4.7 million to the Evangelical Lutheran Church in America through the entity MNYS 129 Russell LLC for the Park Church Co-Op building (M1) at 129 Russell Street in Greenpoint, Brooklyn. The expected use is conversion and alteration. The building faces McGolrick Park. GW Equities obtained a $7.6 million acquisition…
Developer Type A Projects and Settlement Housing Fund through the entities 1250 Willoughby Manager LLC 1250 Willoughby Housing Development Fund Corp. paid $7 million to Community Developers through the entity 3210 Willoughby LLC for the industrial building (G7) at 1250 Willoughby Avenue in Bushwick, Brooklyn, industrial building (G7) at 1252 Willoughby Avenue in Bushwick, Brooklyn, and industrial building (G7) at 1254 Willoughby Avenue in Bushwick, Brooklyn….
Spatial Equity Co. and Community Access through the entity St Emeric Development I Housing Development paid $35 million to the Roman Catholic Church of Saint Brigid and Saint Emeric at 181 Avenue D in the East Village, Manhattan. The expected use is ground up development. The deal closed on July 30, 2024 and was recorded on August 20, 2024. The signatory for the Roman Catholic…
An affiliate of real estate investment firm 7G Group, the entity 7G 123 Lafayette LLC, filed a $14.9 million pre-foreclosure action at the five-story office building at 123 Lafayette Street in Little Italy, Manhattan, yesterday in New York State Supreme Court. An affiliate of First Atlantic Capital bought the building in 2016 for $33.5 million from Stellar Management. Signature Bank provided a $16 million loan…
Edelstein Development Group through the entity 1777 Weeks Ave LLC as borrower signed a refi loan with lender BridgeCity Capital through the entity BCC Funding II LLC valued at $11.5 million for the 34,272-square-foot, 45-unit newly built apartment building at 1777 Weeks Avenue in Mt Hope, Bronx. The building is divided into three commercial condominium units. The deal closed on August 2, 2024 and was…
The Gindi family’s ASG Equities through the entity 10-12 Cortlandt Blue LLC as borrower signed a refi loan with lender Bank of America valued at $33 million for four properties including the retail building (K4) at 10-12 Cortlandt Street in Financial District, Manhattan, mixed-use building (K2) at 177 Broadway in Financial District, Manhattan, and mixed-use building (K2) at 175 Broadway in Financial District, Manhattan. The…
Stahl Organization through the entity 277 Park Avenue, LLC as borrower signed a refi loan with lender Deutsche Bank through the entity German American Capital Corporation valued at $750 million for the office building at 277 Park Avenue in Midtown East, Manhattan. The property is divided into 49 commercial condominium units. The deal closed on August 6, 2024 and was recorded on August 19, 2024….
GPG Properties through the entity GPG Pierrepont, LLC paid $6.8 million to Bernard Gans through the entity Pierrepont I LLC for the 36-unit residential elevator building (D1) at 75 Pierrepont Street in Brooklyn Heights, Brooklyn. The expected use is cash flowing. The deal closed on August 15, 2024 and was recorded on August 19, 2024. The property has 25,818 square feet of built space according…
Elad Group through the entity 419 Pas LLC paid $72.2 million to Walter & Samuels and Lawrence N. Friedland through the entity 419 Park Avenue South Associates LLC for the office building (O4) at 419 Park Avenue South in NoMad, Manhattan. The expected use is conversion. The deal closed on August 8, 2024 and was recorded on August 19, 2024. The property has 160,114 square…
Dermot Company through the entity 20 Exchange Place Owner, LLC paid $370 million to DTH Capital, a joint venture of Eastbridge Group, and AG Real Estate through the entity Rbnb 20 Owner LLC, for the 767-unit 20 Exchange Place in the Financial District, Manhattan. The expected use is cash flowing. The deal closed on July 31, 2024 and was recorded on August 19, 2024. The…
Ashkenazy Acquisition through the entity Douglaston Shopping Center Owner LLC as borrower signed a loan modification with lender Mesa West Capital through the entity Mwclf Rs Spe, LLC valued at $38.6 million for the retail building (K6) at 242-02 61st Avenue in Little Neck, Queens. The deal closed on August 7, 2024 and was recorded on August 16, 2024. The prior lender was Mesa West…
Alen Mamrout, who leads the fashion manufacturing and licensing company American Exchange Group, through the entity 1375 Owner LLC bought a note with an original principal of $200 million on August 15, 2024, from investors led by Aareal Capital and secured by Savanna’s office building (O4) at 1375 Broadway in the Garment District, Manhattan, city records show. The note sale is part of a large…
Albert Dayan through the entity 323 5th Aretz LLC paid $2.6 million to Allen Goldschein through the entity 323 Fifth Owners LLC for the two-unit mixed-use building (S2) at 323 Fifth Avenue in Park Slope, Brooklyn. The expected use is cash flowing. The deal closed on July 11, 2024 and was recorded on August 16, 2024. The property has 2,851 square feet of built space…
Fabio Camardi through the entity Caca LLC paid $3.5 million to the entity 86 North First Street Realty Corp. for the commercial building (I9) at 86 North 1st Street in Williamsburg, Brooklyn. The deal closed on July 29, 2024 and was recorded on August 16, 2024. The property has 2,700 square feet of built space and 5,398 square feet of additional air rights for a…
Leon Sakkal through the entity 5201 Avenue N LLC paid $4.3 million to Albert Capone through the entity Cll Holding Corp. for the retail building (K1) at 5201 Avenue N and the retail building (K1) at 5209 Avenue N in Flatlands, Brooklyn. The expected use is cash flowing. The deal closed on August 15, 2024 and was recorded on August 16, 2024. The two properties…
Thomas Martignetti through the entity Cam Kenmar West Village LLC paid $5.3 million to the entity 473 Associates LLC in care of R.A. Cohen & Associates for the two-unit mixed-use building (S2) at 473 Sixth Avenue in Greenwich Village, Manhattan. The expected use is cash flowing. The deal closed on August 1, 2024 and was recorded on August 16, 2024. The property has 3,902 square…
The bondholders of the securitized trust Series 2013-C7 through special servicer Midland Loan Services acquired through a judicial foreclosure the retail building (K2) at 440 Broadway in SoHo, Manhattan. The expected use is cash flowing. The former owner was Thor Equities, led by Joseph Sitt. The auction price was $8 million. Thor Equities bought the property for $12 million in January 2008 and borrowed $13.25…
An expanding modern Jewish school in Midwood with a significant population from the Brooklyn Syrian community is in contract to pay $5.65 million to an Orthodox synagogue with a declining attendance in the neighborhood. The Yeshivah of Flatbush, which owns most of the buildings on the northern portion of the city block, expects to close on the purchase of 1012 Avenue I, at the corner…
Citibank filed a $180 million pre-foreclosure action alleging a loan it provided to RFR Holding in 2022 to purchase an interest in 475 Fifth Avenue in Grand Central, Manhattan, was in a maturity default. The loan matured on June 9, 2024, according to the complaint, and was not repaid. Case LINK Court filings represent the position of one party and are not necessarily accurate or…
