Spatial Equity Co. and Community Access through the entity St Emeric Development II Housing Development acquired from the Roman Catholic Church of Saint Brigid and Saint Emeric the development site at 733 East 12th Street in the East Village, Manhattan. The expected use is ground up construction. The sale was financed with a $23 million purchase money mortgage from the Roman Catholic Church. The deal…
The Ohebshalom family’s Gatsby Enterprises through the entity Baba Village 10 LLC (and others) as borrower signed a refi loan with lender Flagstar Bank valued at $14.3 million for the 37-unit residential elevator building (D7) at 234 West 13th Street in West Village, Manhattan. The deal closed on July 23, 2024 and was recorded on August 5, 2024. The prior lender was Flagstar Bank which…
The Ohebshalom family companies Empire Management, Gatsby Enterprises, and Keystone Management through the entity 72nd Street Holding LLC (and others) as borrower signed a refi loan with lender Derby Copeland Capital through the entity CF Dcope Fin LLC valued at $15 million for the 88-unit residential elevator building (D6) at 244 West 72nd Street in Lincoln Square, Manhattan. The deal closed on July 26, 2024…
HCRE Hung & Chong Real Estate through the entity Winner Properties Management LLC as borrower signed a refi loan with lender Morgan Stanley through the entity Morgan Stanley Bank valued at $25 million for an office and a retail condominium unit at 42-35 Main Street in Flushing, Queens. The deal closed on July 31, 2024 and was recorded on August 5, 2024. The prior lender…
Mack Real Estate Group through the entity SM Wythe LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $89 million for the 232-unit residential elevator building (D6) at 50 North 5th Street in Williamsburg, Brooklyn. The deal closed on July 29, 2024 and was recorded on August 5, 2024. The prior lender was MassMutual which held debt that had an original…
Legion Investment Group through the entity Madison Ave Owner LLC as borrower signed a new construction loan with lender Deutsche Bank through the entity Deutsche Bank Ag, New York Branch valued at $195.1 million for the 22-unit mixed-use project at 1124 Madison Avenue at the corner of East 84th Street in Carnegie Hill, Manhattan. On this site, there is one active new building construction project,…
Esat Gashi through the entity 96 East 208th Owners, LLC paid $2 million through an estate sale to Zef Dedaj and the estate of Pashko Dedaj through the entity G.N.Z. Holdings, LLC for the 21-unit residential walkup building (C1) at 96 East 208th Street in Norwood, Bronx. The expected use is cash flowing. The deal closed on July 24, 2024 and was recorded on August…
The entity Yellowhook Realty LLC paid $11 million through an estate sale to the estate of Dimitrios Kaloidis for the retail building (K5) at 9011 3rd Avenue in Bay Ridge, Brooklyn. The property is occupied by the Bridgeview Diner. The deal closed on July 29, 2022 and was recorded on August 5, 2024. The property has 6,600 square feet of built space and 33,045 square…
Developer Sterling Town Equities through the entity Underhill Heights LLC paid $11.7 million to Parkland Group through the entity 105 Underhill Avenue, LLC for adjacent parking structures at 105 Underhill Avenue and 326 St Marks Avenue in Prospect Heights, Brooklyn. The expected use is ground up development. The deal closed on August 2, 2024 and was recorded on August 5, 2024. The two properties have…
The entity Series 2018-Cor3 in care of special servicer Midland Loan Services through the entity Comm 2018-Cor3 1630 East 15th St LLC acquired through a judicial foreclosure auction the Kingswood Center office and retail building (O5) at 1630 East 15th Street in Sheepshead Bay, Brooklyn. The highest auction bid was $34 million. The former owner was Urban Edge Properties through the entity UE Kingswood One…
John Catsimatidis’s Red Apple Group through the entity Ra 280 Development, LLC as borrower signed a new construction loan with lender JPMorgan Chase valued at $57 million for the retail building (K1) at 280 8th Avenue in Chelsea, Manhattan. On the lot, there is one active new building construction project, M00696323, for a 104-unit, 88,548-square-foot residential (R-2) building. The project was submitted by Red Apple…
Harbor Group International through the entity 55 Broadway Associates, LLC as borrower signed a refi loan with lender AIG through the entity American General Life Insurance Company valued at $71.6 million for the office building (O4) at 55 Broadway in Financial District, Manhattan. The deal closed on July 29, 2024 and was recorded on August 2, 2024. The prior lender was AIG which held debt…
Atlas Capital Group, Baupost Group, Zeckendorf Development through the entity Aci Vi Clarkson LLC as borrower signed a new construction loan with lender Cale Street Partners and Farallon Capital Management through the entity Csi Greenway 3.1 L.P. valued at $649 million for the property at 80 Clarkson Street in West Village, Manhattan. The entire loan was $985 million according to the New York Post which…
Greenbrook Partners and Carlyle Group through the entity Townhouse Rental II, L.L.C. paid $4.6 million to SilverRock Development through the entity 157 Stuyvesant Realty LLC for the eight-unit residential walkup building (C1) at 157 Stuyvesant Avenue in Bedford Stuyvesant, Brooklyn. The expected use is cash flowing. The deal closed on July 25, 2024 and was recorded on August 2, 2024. The property has 5,280 square…
Chun Y. Lee through the entity AAJ Ave A LLC paid $4.8 million to Kit Lam through the entity Lamng Corp for the mixed-use building (K4) at 34 Avenue A in Alphabet City, Manhattan. The expected use is cash flowing. The deal closed on July 31, 2024 and was recorded on August 2, 2024. The property has 6,248 square feet of built space and 434…
Bell Realty through the entity 32-85 Astoria LLC paid $8 million to Robert Miller through the entity 32-85 Realty Co., LLC for the 48-unit residential elevator building (D1) at 32-85 33rd Street in Astoria, Queens. The expected use is cash flowing. The deal closed on July 31, 2024 and was recorded on August 2, 2024. The property has 36,349 square feet of built space according…
Wavecrest Management acquired from Monadnock Development control of the 59-unit residential walkup building (C1) at 111-115 West 141st Street and the 29-unit residential walkup building (C5) at 148 West 141st Street, both in Harlem, Manhattan at a valuation of $26.3 million. The deal closed on July 19, 2024 and was recorded on August 2, 2024. The two properties have 36,935 square feet of built space…
The co-owners of a 39-unit rent regulated building at 1071 Cypress Avenue in Ridgewood, Queens, entities owned by Shorenstein Properties affiliates, filed to place the building under chapter 11 bankruptcy protection to halt a $9.1 million foreclosure auction scheduled for August 2, 2024. The owners filed the bankruptcy on August 1, 2024 in the Eastern District of the U.S. Bankruptcy Court through the entities Silvershore…
Moses Wertheimer through the entity The W Group Of Brooklyn LLC as borrower signed a initial loan with lender Levon Capital through the entity Levon Ny Xxiv LLC valued at $10 million for the development building (V1) at 11 Spencer Street in Bedford Stuyvesant, Brooklyn. The deal closed on July 5, 2024 and was recorded on August 1, 2024. The property has zero square feet…
Timber Equities through the entity 5055 Broadway L.P. as borrower signed a new construction loan with lender Bank Hapoalim valued at $21 million for the 60-unit project at 5055 Broadway in Inwood, Manhattan. On the lot, there is one active new building construction project, M00578593, for a 60-unit, 43,203 square-foot residential (R-2) building. The project was submitted by Timber Equities and filed by Michel Perle…
