UPDATED 7:30 a.m., July 19, 2024: Bando Construction through the entity Bando Geny LLC paid $36 million to Sachs Companies through the entity 65 West Property LLC for the 79-unit residential elevator building (D6) at 65 West 55th Street in Midtown West, Manhattan. The deal closed on June 17, 2024 and was recorded on June 27, 2024. The property has 112,000 square feet of built…
Jacob Fulop through the entity President Lofts LLC as borrower signed a refi loan with lender Bank of Montreal valued at $21.6 million for the 55-unit building at 1042 President Street in Crown Heights, Brooklyn. The deal closed on June 11, 2024 and was recorded on June 27, 2024. The prior lender was Valley National Bank which held debt that had an original loan amount…
Kaufman Organization through the entity Kaufman Arcade Owner LLC as borrower signed a refi loan with lender Citibank through the entity Citi Real Estate Funding Inc. valued at $32.2 million for the office building (O6) at 132 West 36th Street in Garment District, Manhattan. The deal closed on June 11, 2024 and was recorded on June 27, 2024. The prior lender was JPMorgan Chase which…
Developer Elie Fouerti through the entity 2005-2009 3rd Ave Qoz LLC as borrower signed a construction loan with lender Goldman Sachs through the entity Goldman Sachs Bank USA valued at $97 million for the 209-unit development at 2005 Third Avenue in East Harlem, Manhattan. On the lot, there is one active new building construction project for a 209-unit, 181,287-square-foot residential (R-2) building. The project was…
Agus Holdings through the entity Ah Fb Bk LLC paid $13.5 million to Doody Holding for the mixed-use building (K1) at 2461 East 17th Street in Sheepshead Bay, Brooklyn and a surface parking lot across the street at 2450 East 17th Street in Sheepshead Bay, Brooklyn. The deal closed on June 18, 2024 and was recorded on June 27, 2024. The two properties have 30,598…
The Schwalbe family that owns Hilson Management through the entity 390 Manager LLC bought out its long-time fifty-fifty partner, the Berko family’s KMF Holding Corporation, in a transaction valued at $25.1 million at the office building (O6) at 390 Fifth Avenue at the corner of 36th Street, in the Garment District, Manhattan. The deal closed on June 6, 2024 and was recorded on June 27,…
UPDATED 11:08 a.m., June 28, 2024: TPG Real Estate Partners through the entity Franklin 2024 Propco, LLC paid $96.5 million to Columbia Property Trust through the entity Maple C 250 Church Owner, LLC for the office building (O3) at 101 Franklin Street, which spans the entire block front of Church Street to Leonard Street, in Tribeca, Manhattan. The deal closed on June 21, 2024 and…
The government-sponsored entity Fannie Mae filed an $18.3 million pre-foreclosure action against the owner of the 154-unit rental building at 400 Herkimer Street in Bedford Stuyvesant, Brooklyn, alleging the loan fell into a payment default less than a year after the owner bought the property. Court records represent the position of one party and are not necessarily accurate or complete. Amarbin Ahmed purchased the six-story,…
FBL Development through the entity Central Realty Lic LLC as borrower signed a new construction loan with lender Ponce Bank valued at $25.1 million for the 39-unit development at 43-05 to 43-11 Crescent Street in Long Island City, Queens. On the lot, there is one active new building construction project for a 39-unit, 26,913 square-foot R-2 building. The project was submitted by Weitao Shi and…
LodgeWorks Partners through the entity Manhattan LW Hotel Associates, LP as borrower signed a refi loan with lender Capitol Federal Savings Bank valued at $60 million for the 180-key Archer Hotel building (HB) at 45 West 38th Street in Garment District, Manhattan. The deal closed on June 20, 2024 and was recorded on June 26, 2024. The prior lender was Aareal Capital which held debt…
Evan Yu-Dong Lee and Jenny Gui Zhen Huang through the entity CJE 8811, LLC paid $2.4 million to Mailan Lee through the entity Jolania Properties, Inc. for the mixed-use building (K4) at 10 Mott Street in Chinatown, Manhattan. The lot is only 21.75 feet of frontage by 36.58 feet of depth, about a third of the size of the what is typically the smallest lot…
Shu Ming Lin through the entity Brick Lane NY LLC paid $3.9 million to Eleni Karakousis through the entity Sikyon, LLC for the 17-foot-wide retail building (K1) at 36-33 Main Street in Flushing, Queens. The deal closed on June 13, 2024 and was recorded on June 26, 2024. The property has 2,720 square feet of built space and 4,007 square feet of additional air rights…
Shashin Gandhi through the entity Hudson West Hospitality LLC paid $18.2 million to Ae Sook Choi through the entity 36th Street Property Inc for the 56-room Hudson River Hotel building (H3) at 442 West 36th Street in Hudson Yards, Manhattan. The deal closed on June 11, 2024 and was recorded on June 26, 2024. The property has 20,344 square feet of built space according to…
Tredway and ELH Mgmt. paid $90 million to AMS Realty for four rental properties in Fort Greene, Brooklyn, 53 St. Felix Street, 33 St. Felix Street, 221 Ashland Place and 80 Greene Avenue, that have a total of 193 units. The sale happened in two transactions. The purchase was financed with a $97 million loan from Wells Fargo which was assigned to Freddie Mac. In…
Azimuth Development Group through the entity AP Castle Hill Owner LLC signed a contract to pay $7.5 million to the Crossroads Tabernacle church for the property at 1320-1328 Castle Hill Avenue in Westchester Square, the Bronx. Azimuth already owns the adjacent development site at 2211 Westchester Avenue, which it purchased from Sopher Real Estate for $6.1 million on May 29, 2024. The contract date was…
Josh Grunzweig’s JG Funding signed a contract as buyer to pay an undisclosed amount to Joel Schwartz through the entity Myrtle Flats LLC for the newly completed six-unit building at 622 Myrtle Avenue in Bedford Stuyvesant, Brooklyn. The sale is set to close on July 20, 2024, according to property records. For the tax lot building, it received its certificate of occupancy on April 8,…
Jose R. Medina through the entity JRM 250 Realty LLC as borrower signed a refi loan with lender NewBank valued at $6.8 million for the mixed-use building (K4) at 250 Willis Avenue in Mott Haven, Bronx. The deal closed on June 20, 2024 and was recorded on June 25, 2024. The prior lender was NewBank which held debt that had an original loan amount of…
CAVU Property Group through the entity Nostrand Land LLC as borrower signed a new construction loan with lender Popular Bank valued at $41.1 million for the development site (V1) at 2273 Nostrand Avenue at the corner of Avenue I, in Flatlands, Brooklyn. There is a new building project for a 67-unit, 89,149 square-foot residential (R-2) building submitted by Jackson Group and filed by Gabriel Chehebar…
Sokol Anadolli through the entity Bleecker 18a LLC paid $4.1 million to Roei Paz through the entity 18a Bleecker Street LLC for the eight-unit residential walkup building (C1) at 18A Bleecker Street in Bushwick, Brooklyn. The deal closed on May 22, 2024 and was recorded on June 25, 2024. The property has 6,278 square feet of built space according to a PincusCo analysis of city…
Xiang Yu Cao through the entity Guang Rui LLC paid $5.1 million to NuVerse Advisors through the entity 4201 Main St LLC for the commercial condominium unit C101 at 136-18 Maple Avenue in Flushing, Queens. The deal closed on June 10, 2024 and was recorded on June 25, 2024. The signatory for NuVerse Advisors was Anthony Ficara. The signatory for Xiang Yu Cao was Xiang…
