The Feil Organization turned over a retail condominium unit at the Tempo Condominium at 300 East 23rd Street in Gramercy, Manhattan, to the bondholders through the entity Comm 2014 UBS2 East 23rd Street, LLC. Jeffrey Feil’s Feil Organization bought the unit in August 2013 for $16.1 million. This transfer appears to be a deed-in-lieu of foreclosure but the deed does not state that. The transfer…
The Bronx Pro Group through the entity Starhill Phase II Owner LLC acquired the 244-unit development (V0) site at 1600 Macombs Road in Morris Heights, Bronx, from the nonprofit Services for the Underserved, through a transfer valued at $14.1 million. Development On the lot, there is a new building project for a 244-unit, 436,185 square-foot residential (R-2) building submitted by Services for the Underserved and…
Japan-based Tsukaki Co., Ltd. paid $16.8 million to Sowa Kousan Inc. for the 25-unit residential walkup building (C1) at 96 Sterling Place in Park Slope, Brooklyn. The deal closed on June 27, 2024 and was recorded on July 8, 2024. The property has 18,020 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is…
Kalman Tabak through the entity 437 Morris Park LLC as borrower signed a refi loan with lender Capital One valued at $8 million for the 68-unit residential elevator building (D7) at 437 Morris Park Avenue in Van Nest, Bronx. The deal closed on June 20, 2024 and was recorded on July 5, 2024. The prior lender was Popular Bank which held debt that had an…
Aurora Capital Associates, led by Robert Cayre, and the Adjmi family’s A&H Acquisitions, through the entity CA 2952 Third Avenue LLC as borrower signed a refi loan with lender Webster Bank valued at $19.4 million for the retail building (K3) at 2952 3rd Avenue in Longwood, Bronx. The deal closed on June 28, 2024 and was recorded on July 5, 2024. The prior lender was…
Watermark Capital Group, led by Wolfe Landau, and Yoel Werzberger, through the entity 4th Avenue Qozb LLC as borrower, signed a refi loan with lender Popular Bank valued at $24 million for the 46-unit residential elevator building (D6) at 584 4th Avenue in Gowanus, Brooklyn. The deal closed on June 27, 2024 and was recorded on July 5, 2024. The prior lender was Popular Bank…
The nonprofit Ali Forney Center through the entity 337 Convent Housing Development Fund Corporation paid $4.3 million to Adam Zoia through the entity JMW Convent LLC for the six-unit residential walkup building (C2) at 337 Convent Avenue in Harlem, Manhattan. The deal closed on June 26, 2024 and was recorded on July 5, 2024. The property has 3,920 square feet of built space and 2,080…
Abraham Pultman through the entity 2075 East 16th Street Realty Group LLC paid $6.7 million to East Coast Holdings through the entity 2075 E. 16th Realty LLC for the 46-unit walkup building (C1) at 2075 East 16th Street in Sheepshead Bay, Brooklyn. The deal closed on June 26, 2024 and was recorded on July 5, 2024. The property has 35,200 square feet of built space…
Apex Development Group and Knickpoint Ventures through the entity Kv Apex 7806 Charter LLC paid $8 million to Surjeet Kaur through the entity 78 Investors LLC for the charter school development site at 78-06 Queens Boulevard in Elmhurst, Queens. The Forte Preparatory Academy plans to occupy the building once it is constructed. Simultaneously with the sale, the developers and Forte borrowed $32 million to construct…
The Great Neck-based Parkoff Organization, led by Adam Parkoff, and other unidentified parties recapitalized an approximately 1,880-unit, 41-building Bronstein Properties portfolio in Manhattan, Brooklyn and Queens valued at about $290 million, according to property records and industry sources. Bronstein Properties, led by Barry Rudofsky, remains in the deal as managing partner and equity holder. Parkoff and Bronstein are both large multifamily operators. Parkoff in 2020…
Watermark Capital Group through the entity 144 Bam LLC paid $15 million to Hanson Place Central Methodist Episcopal Church for the specialty building (M9) at 144 St. Felix Street in Fort Greene, Brooklyn. The deal closed on June 27, 2024 and was recorded on July 5, 2024. The property has 65,500 square feet of built space and 99,004 square feet of additional air rights for…
Taguchi & Co. through the entity Taguchi & Co., Ltd. paid $24.4 million to Icon Realty Management through the entity 43 West 27 Realty Associates LLC for the 16-unit residential elevator building (D7) at 43 West 27th Street in NoMad, Manhattan. The deal closed on June 5, 2024 and was recorded on July 5, 2024. The property has 20,868 square feet of built space and…
MBD Community Housing Corp. through the entity MBD Tiebout Housing Development Fund Corporation paid $25.8 million to the seller through the entity 2468 Tiebout Development LLC for the 57-unit residential elevator building (D7) at 2468 Tiebout Avenue in Fordham Heights, Bronx. The deal closed on June 27, 2024 and was recorded on July 5, 2024. The property has 55,939 square feet of built space according…
SMJ Development and Settlement Housing Fund through the entity 68-19 Woodhaven Housing Development Fund Corp as borrower signed a new construction loan with lender NYC Housing Development Corporation valued at $85.1 million for the development building (V1) at 68-19 Woodhaven Boulevard in Rego Park, Queens. On the lot, there is one active new building construction project for a 120-unit, residential (R-2) building. The project was…
Tavros Capital, Charney Companies, and Incoco Capital through the entity Gowanus Nevins North LLC as borrower signed a new construction loan with lender TYKO Capital through the entity Nevins Debt Lender LLC valued at $140 million for the 306-unit project at 498 Union Street in Gowanus, Brooklyn. Charney Companies filed plans for a 306-unit residential (R-2) building submitted by Charney Companies and filed by Samuel…
Georgica Green Ventures and its nonprofit partner RiseBoro Community Partnership through the entity Luna Green LLC paid $10.4 million to Safehold Inc. through the entity Bath Site LLC for the 205-unit development site at 2015 Boardwalk West in Coney Island, Brooklyn. This is Gerogica Green’s second project on the tax block. On the lot, there is one active new building construction project for a 205-unit,…
Marc Blumenfrucht’s Iris Holdings Group paid $71.5 million to LeFrak for four elevator buildings the firm developed in the early 1960s in Flushing, Queens. The buildings are 137-20 45th Avenue, 45-15 Colden Street, 44-15 Colden Street and 44-35 Colden Street. LeFrak is one of the largest multifamily owners in New York City, having built much of its own portfolio including LeFrak City. The PincusCo database…
Wayne Boich Jr.’s Miami-based Boich Investment Group and former SL Green Realty president Andrew Mathias through the entity AMWB 719 LLC paid $32.5 million to SL Green Realty through the entity 719 Seventh TIC 1 Owner LLC for the retail building that includes large signage (K2), at 719 Seventh Avenue at the southeast corner of 48th Street in Times Square, Manhattan. The transaction amount disclosed…
Hope Street Capital through the entity 959 Sterling Lessee LLC as borrower signed a refi loan with lender Walker & Dunlop through the entity WD Reigl Multifamily I LLC valued at $55 million for five the 158-unit rental building at 959 Sterling Place in Crown Heights, Brooklyn. The developer filed last month to divide the building into five commercial condominium units, and this loan is…
Quinlan Development Group through the entity 230 Classon Development LLC as borrower signed a refi loan with lender QuadReal Property Group through the entity QR Us Finance REIT LLC valued at $56 million for the 140-unit rental Parish House at 230 Classon Avenue in Clinton Hill, Brooklyn. On the lot, there was a new building construction project for a 140-unit, 119,307 square-foot residential (R-2) building….
