Transfers

CACHED

Yosef Rabinowitz pays $5M to RW Real Estate Group in flip for retail in Cambria Heights

Yosef Rabinowitz through the entity 224-14 Linden Owner LLC paid $5 million to RW Real Estate Group through the entity 224-14 Linden LLC for the retail building (K1) at 222-14 Linden Boulevard in Cambria Heights, Queens. RW Real Estate Group flipped the property, buying it only a month before it signed the contract to sell it. The deal closed on February 16, 2024 and was…

Gowanus residents sue city to block 400-person homeless shelter

A group of Gowanus residents under the name Third Street Block Association filed a lawsuit yesterday in Brooklyn State Supreme Court seeking to block the conversion of 130 3rd Street, a commercial building affiliates of David Levitan of Liberty One Group own, into a homeless shelter under an R-1 application, which is generally allowed in manufacturing zones. Levitan is a major investor in homeless shelters….

Yuzuru Honda pays $3.3M for mixed-use in Williamsburg

Yuzuru Honda through the entity Honda, Yuzuru paid $3.3 million to Hyun Sung Park through the entity 104 Global Inc for the mixed-use building (S1) at 104 Roebling St in Williamsburg, Brooklyn. The deal closed on February 13, 2024 and was recorded on February 22, 2024. The property has 3,000 square feet of built space according to a PincusCo analysis of city data. The sale…

Gina Argento of Broadway Stages pays $4M for mixed-use in Astoria

Gina Argento of Broadway Stages through the entity 3355 Walgreen Crescent Corp. paid $4 million to Petrakis Realty Group through the entity Petrakis Properties, LLC for the mixed-use building (K1) at 33-55 34th Avenue in Astoria, Queens. The deal closed on February 13, 2024 and was recorded on February 22, 2024. The property has 10,400 square feet of built space according to a PincusCo analysis…

United Construction & Development signs $27.5M refi for parcel in Long Island City

United Construction & Development Group through the entity LIC Venture Capital LLC as borrower signed a refi loan with lender New Era Life Insurance valued at $27.5 million for the development site (V1) at 41-50 21st Street in Long Island City, Queens. The deal closed on January 12, 2024 and was recorded on February 26, 2024. The prior lender was Berkshire Bank which held debt…

CB-Emmanuel Realty signs $43.2M construction loan to renovate four properties in Harlem

CB-Emmanuel Realty through the entity CB ANCP 2018 LLC as borrower signed a rehab construction loan with lender Local Initiatives Support Corporation valued at $43.2 million for four properties with 53 residential units including the 16-unit residential elevator building (D1) at 102 West 119th Street in Harlem, Manhattan, 12-unit residential walkup building (C4) at 1971 7th Avenue in Harlem, Manhattan, and 10-unit residential walkup building…

Seren Morey pays $2.4M for industrial in Maspeth

Seren Morey through the entity 57-52 Realty LLC paid $2.4 million to Yaakov Pfeiffer and Vincent Vennera through the entity Eli23 Holdings LLC for the industrial building (F4) at 57-52 58th Place in Maspeth, Queens. The deal closed on February 15, 2024 and was recorded on February 26, 2024. The property has 3,619 square feet of built space according to a PincusCo analysis of city…

Fatih Yartas pays $3.3M for 5-unit rental in Turtle Bay

Fatih Yartas through the entity Woon Easy Living LLC paid $3.3 million to John S. Lego through the entity Ashley 312, LLC for the five-unit residential elevator building (D3) at 312 East 51st Street in Turtle Bay, Manhattan. The deal closed on February 14, 2024 and was recorded on February 26, 2024. The property has 5,400 square feet of built space and 225 square feet…

Yeshiva’s 22-unit Williamsburg building in contract for $7.95M

The nonprofit United Munkacser Yeshivos, which also uses the name United Munkacs Yeshivos, has signed a contract with the entity 141 Ross Realty LLC, to sell the 22-unit walkup residential building (C7) at 141 Ross Street in Williamsburg, Brooklyn, for a total consideration of $7.95 million, according to a filing with the Office of the New York State Attorney General. United Munkacser Yeshivos acquired the…

Maverick buys 8 former Signature Bank notes totaling $247.25M secured by NYC properties

Maverick Real Estate Partners bought eight former Signature Bank loans that had a combined original principal value of $247.25 million, from a Blackstone Group affiliate. Bloomberg first reported the sale last week. The property owners include Himmel + Meringoff Properties, Jem Realty Management, Hilson Management, and others. Maverick is an active note buyer in New York City. In the largest note sale, Maverick Real Estate…

Aron Karpen signs $17.1M construction loan for 75-unit project in Concourse

Aron Karpen through the entity 130 E 165 Holdings LLC as borrower signed a new construction loan with lender Bank of Princeton through the entity Bank Of Princeton valued at $17.1 million for the 75-unit project at 130 East 165th Street in Concourse, Bronx. On the lot, there is one active new building construction project for a 75-unit, 40,812 square-foot R-2 building. The project was…

Mohamad Farran pays $4.3M for two walkups in East Harlem

Mohamad Farran through the entity Project 310-312 East 105th St LLC paid $4.3 million to Thomas Noto through the entity 312 East 105 Street Realty LLC for the eight-unit residential walkup building (C4) at 312 East 105th Street in East Harlem, Manhattan and eight-unit residential walkup building (C1) at 310 East 105th Street in East Harlem, Manhattan. The deal closed on February 20, 2024 and…

Dan Dai pays $4.6M for industrial in East Williamsburg

Dan Dai through the entity Wanda Building LLC paid $4.6 million to Anthony Losquadro and Monica Losquadro through the entity Losquadro, Anthony for the industrial building (E9) at 222 Varick Avenue in East Williamsburg, Brooklyn. The deal closed on February 7, 2024 and was recorded on February 23, 2024. The property has 14,930 square feet of built space for a total buildable of 14,930 square…

Seastone Capital pays $4.8M for 60-unit walkup in Washington Heights

UPDATED 11:05 a.m., February 27, 2024: Adam Goodstein’s Seastone Capital through the entity 175th Associates LLC paid $4.8 million to Jeffrey Farkas through the entity 470 Audubon Ave. Corp. for the 60-unit residential walkup building (C7) at 560 W 175th St in Washington Heights, Manhattan. The deal closed on February 15, 2024 and was recorded on February 23, 2024. The property has 56,300 square feet…

LeFrak sues New York courts over alleged housing court delays

The Manhattan-based real estate firm LeFrak filed a suit in Queens State Supreme Court last week, seeking to compel the Civil Court of the City of New York to speed up the process of adjudicating non-payment cases in the Housing Part. The petition alleges the procedures outlined in the state’s Real Property Actions and Proceedings Article 7, Summary Proceeding to Recover Possession of Real Property,…

$12.8M bankruptcy filed to block Woodside condo foreclosure sale

The developer of a Woodside, Queens, condominium building at 64-05 Woodside Avenue that has 27 residential units, a commercial unit and a parking unit, placed the project into bankruptcy in order to block a $12.8 million foreclosure auction set for that same day. Case 1-24-40820-nhl LINK Wing Fung Chau developed the 27-unit, 29,122-square-foot mixed-use condo building at 64-05 Woodside Avenue with an alternate addresses 64-01…

$10.7M foreclosure sale set for East Harlem rental, debt owned by Magnetar Capital

A Manhattan State Supreme Court referee scheduled an auction for March 30, 2024, to sell an 11-unit rental building with the address 231 East 123rd Street, in East Harlem, which has a judgment lien of approximately $10.7 million. The notice of sale was published on February 22, 2024. The lender is an affiliate of the Evanston, Illinois-based hedge fund, Mangetar Capital, through its servicer Sharestates…

Hirshmark Capital buys $4.5M note secured by LIC office building

Hirshmark Capital through the entity 3001 Northern Blvd Funding LLC bought a note with an original principal of $4.5 million from Kearny Bank secured by Matthew Schwartz’s office building (O2) at 30-01 Northern Boulevard in Long Island City, Queens. The deal closed on February 7, 2024 and was recorded on February 22, 2024. The prior lender was Kearny Bank which held debt that had an…

Firebird Grove signs $17M refi with Derby Copeland in Greenwich Village

Firebird Grove through the entity OR Patchin Place, LLC as borrower signed a refi loan with lender Derby Copeland Capital through the entity Cf Dcope Fin LLC valued at $17 million for 11 properties with 35 residential units including the four-unit mixed-use building (S4) at 9 Patchin Place in Greenwich Village, Manhattan, five-unit residential walkup building (C2) at 7 Patchin Place in Greenwich Village, Manhattan,…

Goodman Capital gives $23M loan for NoMad office building exiting bankruptcy

Michael Sklar through the entity Ninety-Five Madison Company, L.P. as signatory for the borrower signed a initial loan with lender Goodman Capital through the entity Madison Avenue Servicing LLC valued at $23 million for the office building (O6) at 89 Madison Avenue in NoMad, Manhattan. Rita Sklar and the Sklar family has owned the building for decades. Rita Sklar as an owner placed the property…