Nortco Development through the entity Amsterdam 88 LLC as borrower signed a refi loan with lenders Bank Hapoalim and Northwind Group valued at $26 million for four properties with 56 residential units from 568 to 574 Amsterdam Avenue on the Upper West Side of Manhattan. The deal closed on July 17, 2024 and was recorded on July 24, 2024. The prior lender was Bank Hapoalim…
Maurice Kohan through the entity Khiarshour LLC bought a note with an original principal of $7 million from Citizens Bank secured by Walter & Samuels’s 25-unit residential walkup building (C7) at 1854 Second Avenue in Yorkville, Manhattan. The deal closed on July 3, 2024 and was recorded on July 24, 2024. The prior lender was Citizens Bank which held debt that had an original loan…
David Mandelbaum and Michael Mandelbaum through the entity 245 West 55th St LLC as borrower signed a renovation construction loan with lender Bank OZK valued at $52.5 million for a conversion of an office building (O3) at 245 West 55th Street in Midtown West, Manhattan, into a 42-unit residential building. The loan closed on July 16, 2024 and was recorded on July 24, 2024. The…
Spencer An through the entity Spenceran, Inc. as borrower signed a refi loan with an affiliate of the same Spencer An, the entity BG Myrtle Capital LLC, valued at $80 million for the 11-story, 233-unit rental located at 1100 Myrtle Avenue in Bedford Stuyvesant, Brooklyn. The building is known as the MC. The deal closed on July 15, 2024 and was recorded on July 24,…
The entity 225 Bowery LLC as borrower, which owns the Lower East Side hotel at 225 Bowery, signed a refi loan with lender Northwind Group through the entity 225 Bowery Lender LLC valued at $85.3 million. The entity 225 Bowery LLC is exiting bankruptcy after the property’s former owner David Paz placed the highly litigated building into bankruptcy. The deal closed on July 18, 2024…
Blank Property Group through the entity 630 Humboldt Street LLC paid $1.9 million to Barbara Wala for the two-unit mixed-use building (S2) at 630 Humboldt Street in Greenpoint, Brooklyn. The deal closed on July 17, 2024 and was recorded on July 24, 2024. The property has 2,241 square feet of built space and 2,516 square feet of additional air rights for a total buildable of…
Ehrlicha Kinder paid $4.1 million to Rocco Mesiti for the three-unit building (C0) at 1362 62nd Street and the two-unit building (B2) at 1366 62nd Street in Dyker Heights, Brooklyn. The property is adjacent to a Mosdos Satmar BP school development site. The deal closed on June 27, 2024 and was recorded on July 24, 2024. The two properties have 2,920 square feet of built…
Susan Showsan Lin through the entity Senary Group Holdings, L.P. paid $6 million to Forrest Partners through the entity Ddcm 133 Ludlow LLC for the five-unit residential walkup building (C4) at 98 Rivington Street in Lower East Side, Manhattan. The deal closed on June 25, 2024 and was recorded on July 24, 2024. The property has 4,300 square feet of built space and 2,293 square…
Maheshchand Ratanji through the entity Southern Blvd Hotel LLC as borrower signed a refi loan with lender State Bank of Texas valued at $15 million for the hotel building (H9) at 1122 Southern Boulevard in East Morrisania, Bronx. The deal closed on July 16, 2024 and was recorded on July 23, 2024. The prior lender was State Bank of Texas which held debt that had…
Herman Kaufman through the entity Glenwood Residence LLC as borrower signed a refi loan with lender Webster Bank valued at $14.6 million for the 38-unit rental at 3308 Glenwood Road in East Flatbush, Brooklyn. On the lot, there was a new building project, B00674044, for a 38-unit, 25,587 square-foot R-2 building submitted by Herman Kaufman and filed by Herman Kaufman with plans filed February 15,…
Atlantis Development through the entity 2001 Creston LLC as borrower signed a refi loan with lender UBS through the entity UBS AG valued at $18 million for the 49-unit residential elevator building (D7) at 2001 Creston Avenue in Mt Hope, Bronx. The deal closed on July 12, 2024 and was recorded on July 23, 2024. The prior lender was NorthEast Community Bank which held debt…
Platinum Realty Associates and Simkho Aranbayev through the entity 114 East 183rd LLC paid $4.2 million to Patrick Rood through the entity 309 Seventh Avenue Realty Corp for the six-unit mixed-use building (S9) at 309 7th Avenue in Park Slope, Brooklyn. The deal closed on July 10, 2024 and was recorded on July 23, 2024. The property has 6,028 square feet of built space according…
Sunil Agarwal through the entity 39th Bayside LLC paid $5.9 million for the development site at 214-43 39th Avenue in Bayside, Queens. The former owner was to Faizulmunir Kazi who lost the building through a foreclosure process, under index number 718839/2019. The deal closed on July 8, 2024 and was recorded on July 23, 2024. The sale price per buildable square foot is $429 per…
The entity 7 Knickerbocker LLC paid $7 million to the entity Worthless Bricks LLC for the industrial building (E1) at 7 Knickerbocker Avenue in East Williamsburg, Brooklyn. The building is home to the arts organization Worthless Studios. It was unclear what impact the sale would have on the organization. The buyer and seller did not immediately respond to a request for comment. The property is…
Peter Hungerford’s PH Realty Capital and partner Rockledge paid $27.72 million to Sentinel Real Estate for four residential elevator buildings in Brighton Beach and Crown Heights, Brooklyn in four separate transactions. This is the second group of sales recorded between the parties, which is part of a 24-building, $179 million transaction. In the first of these newly recorded sales, PH Realty Capital and Rockledge through…
Joel Wiener’s Pinnacle Group sold an approximately 30 percent interest in the 331-unit rental building at 111 Worth Street in Manhattan’s Civic Center for $48.5 million to Brookfield Properties, according to documents filed with the Tel Aviv Stock Exchange. Pinnacle now holds no interest in the property. The sale closed on May 1, 2024, but has not yet been recorded in city records. As a…
LeFrak through the entity 180 Broadway Property LLC as borrower signed a refi loan with lender PGIM Real Estate through the entity Pgim Uscdf Scsp LP valued at $75.5 million for the retail condominium unit at 180 Broadway in Financial District, Manhattan. The deal closed on July 16, 2024 and was recorded on July 22, 2024. The prior lender was Northwestern Mutual Life Insurance which…
Madison Realty Capital through the entity 644 East 14th Street Owner LLC as borrower signed a new construction loan with lender Apollo Global Management through the entity Athene Annuity And Life Company valued at $102 million for the 200-unit residential development project at 644 East 14th Street in Alphabet City, Manhattan. Crain’s reported the total finance package was $130 million, and of that $102 was…
Samaritan Daytop Village through the entity Sdf Hb Transitional Housing Development Fund as borrower signed a new construction loan with lender NYC Housing Development Corporation, NYS Homeless Housing And Assistance Corporation, and Citibank valued at $270 million for the 422-unit development at 1387 University Avenue in Highbridge, Bronx. On the tax block, there was one new building construction project filed totaling 333,508 square feet. It…
REDA Holdings through the entity REDA Classon LLC paid $3.7 million to Related Companies through the entity Nysandy8 Brooklyn 2 LLC for the eight-unit residential walkup building (C1) at 788 Classon Avenue in Crown Heights, Brooklyn. The deal closed on June 25, 2024 and was recorded on July 22, 2024. The property has 5,850 square feet of built space and 2,925 square feet of additional…
