MSA Investments, led by Muhammed Sultan Andha, through the entity 141-143 Sherman Ave LLC paid $5.2 million to Abro Management through the entity 141 Sherman LLC for the retail building (K1) at 141 Sherman Avenue in Inwood, Manhattan. The deal closed on July 2, 2024 and was recorded on July 29, 2024. The property has 10,000 square feet of built space and 33,986 square feet…
Atlantis Management Group, led by CEO Tumay Basaranlar, paid $16.46 million to the Shurka family’s Signature Investment Group for three gas stations in Brooklyn located at 441 Remsen Avenue, 1141 Utica Avenue and 1092 Rogers Avenue. The family has owned the properties for decades. In the first transaction, Atlantis Management Group through the entity Amg, Pub V LLC paid $5.5 million to Signature Investment Group…
Yitzchok Schwartz through the entity 385 Vernon Estates LLC paid $6.2 million to City Urban Realty through the entity 385 Vernon Associates LLC for the 16-unit residential walkup building (C1) at 385 Vernon Avenue in Bedford Stuyvesant, Brooklyn. The expected use is cash flowing. The deal closed on July 17, 2024 and was recorded on July 29, 2024. The property has 14,615 square feet of…
David Werner Real Estate Investments and Lloyd Goldman’s BLDG Management through the entity 100 Wall Realty LLC paid $116 million to Barings through the entity 100 Wall Investments LLC for the office building (O4) at 100 Wall Street in Financial District, Manhattan. The Real Deal reported Barings, the asset management subsidiary of MassMutual, was selling to David Werner. BLDG Management is one of the largest…
UPDATED 7:10 a.m., August 1, 2024: Chelsfield through the entity 580 Broadway LLC as borrower signed a refi loan with lender Maxim Capital Group through the entity Maxim Credit Group, L.L.C. valued at $50 million for the office building (O6) at 580 Broadway in SoHo, Manhattan. The loan includes a $35.8 million refinance of existing debt, and $14.2 million in renovation construction loan. The deal…
Pace University through the entity Pace University as borrower signed a refi loan with lender NYS Dormitory Authority through the entity Dormitory Authority Of The State Of New York valued at $140.4 million for the university building (W6) at 154 Nassau Street in Financial District, Manhattan. The deal closed on July 25, 2024 and was recorded on July 26, 2024. The property has 526,781 square…
Starwood Capital Group through the entity 241 Norwood, LLC as the former lender acquired the landmarked three-unit building (C0) at 241 West 14th Street in Chelsea, Manhattan through a judicial foreclosure. The former owner was Benjamin Shaoul’s Magnum Real Estate Group. The transfer price was the auction amount of $3 million. This is not an arms length transaction because Starwood was the note holder and…
Namdar Realty Group and Klosed Properties through the entity 2250 Grand Concourse BH LLC acquired the 21-unit residential walkup building (C1) at 2250 Grand Concourse in Fordham Heights, Bronx, through a judicial foreclosure with a credit bid as the former lender. The expected use is cash flowing. The transfer value on Acris was $3.6 million. The deal closed on July 22, 2024 and was recorded…
Jackson Group through the entity 809 Madison Retail LLC as tenant acquired a leasehold from Churchill Real Estate Holdings through the entity Churchill 809 Madison LLC as landlord for retail at the base of the 33-unit residential elevator building (D6) at 809 Madison Avenue, also known as 30 East 68th Street in Lenox Hill, Manhattan. The expected use is cash flowing. The deal closed on…
Ravinder Chopra and Yuvrav Chopra through the entity 102 Greenwich LLC paid $15.2 million to the shuttered Christian college King’s College through the entity 102 Spe, LLC for the dormitory building (H8) at 104 Greenwich Street, also known as 102 Greenwich Street, in the Financial District, Manhattan. The expected use is conversion/addition. The deal closed on July 15, 2024 and was recorded on July 26,…
Blackstone Group files $21.5M pre-foreclosure at Ascot Properties retail in SoHo: Blackstone Group alleged in a complaint filed July 24, 2024, that a loan with an original principal of $21.5 million that is secured by two retail condominium units in SoHo is in a maturity default. Ascot Properties, led by Amarjit S. Bhalla, through the entity Elizabeth Blue LLC, bought the two units at 129-131…
Nadav Hamo of NYC Prime Properties LLC through the entity 515 Dean Street Group LLC signed a contract on February 12, 2024, to pay $5.6 million to the Temple of Restoration, an international congregation based in Brooklyn, for the church building at 515 Dean Street in Prospect Park, Brooklyn. Hamo is also affiliated with the firm Urban View Development Group. The filing does not indicate…
InterVest Capital Group, the company formerly known as Wafra Capital Partners, filed a $126.4 million pre-foreclosure action against an affiliate of Tribeca Investment Group which controls the office building at 30 Broad Street in the Financial District of Manhattan. Tribeca controls it through a long-term ground lease. The case was filed in New York State Supreme Court in Manhattan yesterday. Case LINK According to the…
Equity Resource Investments and SNL Storage through the entity SNL Orix Third Ave, LLC as borrower signed a refi loan with lender Extra Space Storage Inc. through the entity Extra Space Capital LLC valued at $7.1 million for the storage building (E7) at 629 3rd Avenue in Greenwood Heights, Brooklyn. The deal closed on April 5, 2024 and was recorded on July 25, 2024. The…
GMC Parking through the entity 231-243 East 94th Street LLC as borrower signed a refi loan with lender Apple Bank through the entity Apple Bank valued at $12.5 million for two industrial properties including the parking buildings (G1) at 231-239 East 94th Street and 241-243 East 94th Street in Yorkville, Manhattan. The deal closed on July 11, 2024 and was recorded on July 25, 2024….
Triangle Equities through the entity South Conduit Warehouse Owner, LLC as borrower signed a refi loan with lender LoanCore Capital through the entity Loancore Capital Credit REIT LLC valued at $85 million for the property at 130-02 South Conduit Avenue in South Ozone Park, Queens. The financing represents an increase of $25 million through a gap loan over the prior debt of $60 million provided…
Randy Polumbo of Plant Construction through the entity 268 Water Street Realty LLC paid $3.8 million to Francesca Montagna through the entity 48-54 Bogart Street LLC for the likely development site composed of four industrial properties from 48 Bogart Street to 54 Bogart Street in East Williamsburg, Brooklyn. The deal closed on July 17, 2024 and was recorded on July 25, 2024. The four properties…
The entity Reservoir LLC paid $7.9 million to the owners of Beginnings Nursery School through the entity Blue Door Realty LLC for the school building (W9) at 130 East 16th Street in Gramercy, Manhattan. The preschool is located in the building. The deal closed on July 19, 2024 and was recorded on July 25, 2024. The property has 7,030 square feet of built space and…
Shlomo Lehrman through the entity Cozy Terrace LLC paid $8 million to Helen Webster through the entity Sheffah Development Group LLC for the development site (V1) with the approximate address of 301 Wadsworth Terrace in Washington Heights, Manhattan. The deal closed on July 9, 2024 and was recorded on July 25, 2024. The property has zero square feet of built space and 44,720 square feet…
Urban American Management through the entity UA 34th Street II, LLC acquired an interest from the US Masters Residential Property Fund through the entity 34 Astoria Investors LLC, valued at $8.4 million for the 36-unit residential walkup building (C1) at 30-58 34th Street and the 36-unit residential walkup building (C1) at 30-64 34th Street in Astoria, Queens. The fund is an affiliate of the insolvent…
