Transfers

Pirzada Properties pays $14.5M to Seko Mujevic for 28-unit rental in Astoria

Pirzada Properties through the entity Pirzada Graffiti House LLC paid $14.5 million to Seko Mujevic through the entity Welling Ct. LLC for the 28-unit rental (D3) at 11-07 Welling Court in Astoria, Queens. The deal closed on August 20, 2021 and was recorded on August 31, 2021. The property has 27,145 square feet of built space according to PincusCo analysis of city data. The sale…

Eliezer Steinmetz pays $12M to JAG Specialty Foods for industrial in College Point

Eliezer Steinmetz through the entity Col Point Center Owner LLC paid $12 million to JAG Specialty Foods through the entity A. Angonoa, Inc. for industrial (F4) at 115-10 14th Road in College Point, Queens. The deal closed on August 5, 2021 and was recorded on August 31, 2021. The property has 55,000 square feet of built space and 0 square feet of additional air rights…

Extell pays $6M for 12K in air rights for new Times Square tower

Extell Development through the entity 726 Eighth LLC paid $6 million to Jean Christian Ponsolle and Laurent Ponsolle for a transfer of 12,109 square feet of development rights from 252 West 46th Street to Extell’s 724 8th Avenue in Times Square, Manhattan. That is $495 per square foot. The deal closed on August 11, 2021 and was recorded on August 31, 2021. The signatory for…

Avery Hall Investments pays $3.1M to Oronzo Sardone for mixed-use building in Gowanus

Avery Hall Investments through the entity Union And Nevins LLC paid $3.1 million to Oronzo Sardone through the entity Bay Ridge Iron Works, Inc. for mixed-use building (K2) at 305 Nevins Street in Gowanus, Brooklyn. This is adjacent to other Avery Hall development parcels. The deal closed on August 19, 2021 and was recorded on August 31, 2021. The property has 5,040 square feet of…

ZG Capital signs $215M refi loan with Bank of Montreal for office building in Times Square

ZG Capital Partners through the entity 1450 Broadway LLC as borrower signed a refi loan with lender Bank of Montreal valued at $215 million for the office building (O4) at 1450 Broadway in Times Square, Manhattan. The deal closed on August 25, 2021 and was recorded on August 31, 2021. The property has 362,850 square feet of built space according to PincusCo analysis of city…

E&M Management signs $64M refi loan with Arbor Realty for 13 rentals in Manhattan

Irving Langer’s E&M Management through the entity 145-153 Edgecombe Holdings LLC, as borrower signed a refi loan with lender Arbor Realty Trust through the entity Arbor Realty Sr, Inc., valued at $64 million for 13 rentals including the 70-unit rental (D1) at 2010 Adam C Powell Blvd in Central Harlem, Manhattan, 54-unit rental (D7) at 610 West 141st Street in Hamilton Heights, Manhattan, and 67-unit…

Rybak Development signs $61.5M refi with MF1 Capital for property in Coney Island

Rybak Development through the entity 271 Sea Breeze Development LLC as borrower signed a refinance loan with lender MF1 Capital valued at $61.5 million for three properties including the 114-unit bulk condos (BS) at 271 Sea Breeze Avenue in Coney Island, Brooklyn, industrial (CR) at 271 Sea Breeze Avenue in Coney Island, Brooklyn, and hotel (PS) at 271 Sea Breeze Avenue in Coney Island, Brooklyn….

Philip Chong’s HCRE signs $51.25M with Shanghai Commercial for Flushing development

HCRE through the entity CW Northern LLC as borrower signed a construction loan modification with lender Shanghai Commercial Bank which reduced the value of the construction loan from $75 million provided in January 2019 to $51.25 million for the development site (V1) at 144-51 Northern Boulevard in Flushing, Queens. The deal closed on August 17, 2021 and was recorded on August 31, 2021. The signatory…

Jacob Ellie Safra sells Carnegie Hill co-op unit for $60M

Otto 88th Street Trust acquired the residential cooperative unit 14PH from Jacob Ellie Beaucaire Safra valued at $60 million at 2 East 88th Street in Carnegie Hill, Manhattan. The deal closed on August 24, 2021 and was recorded on August 31, 2021. The signatory for Jacob Ellie Beaucaire Safra was Jacob Ellie Beaucaire Safra. The signatory for Otto 88th Street Trust was Seth D. Slotkin….

JDS sells Chelsea condo for $11.5M

The entity 514w24, LLC paid $11.5 million to JDS Development Group through the entity 514 West 24th Owner LLC for condo (SC) unit 2 at 514 West 24th Street in Chelsea, Manhattan. The deal closed on August 20, 2021 and was recorded on August 31, 2021. The property has 5,117 square feet of built space according to PincusCo analysis of city data. The sale price…

Gadi Ben Hamo, Meyer Chetrit seek to enforce $30.5M Jamaica purchase

Gadi Ben Hamo and Meyer Chetrit as filed a lawsuit Friday seeking to enforce a contract they allege they signed with the Carol Joy Family Properties on December 23, 2019, to buy 11 properties in Jamaica, Queens for $30.5 million. Ben Hamo and Chetrit signed the contract as the buyers to purchase the properties that are on two tax blocks. The suit is specifically seeking…

Siyoo Ji pays $5M to Hong Zhang for industrial in Woodhaven

Siyoo Ji through the entity Neutral Holding LLC paid $5 million to Hong Zhang through the entity Zhang And Ng Inc for industrial (F4) at 100-05 91st Avenue in Woodhaven, Queens, industrial (F4) at 100-11 91st Avenue in Woodhaven, Queens, and industrial (F4) at 100-19 91st Avenue in Woodhaven, Queens. The deal closed on August 12, 2021 and was recorded on August 30, 2021. The…

Hildreth Real Estate pays $2.6M for mixed-use building in Lower East Side

Hildreth Real Estate Advisors through the entity 301 E Houston St LLC paid $2.6 million to 301 E Houston LLC for three-unit mixed-use building (S3) at 301 East Houston Street in Lower East Side, Manhattan. The deal closed on August 17, 2021 and was recorded on August 30, 2021. The property has 2,988 square feet of built space and 2,648 square feet of additional air…

Yechezkel Halberstam pays $2.0M to Glen Bessner for retail building in Gravesend

Yechezkel Halberstam through the entity 255 Street Equities LLC paid $2.0 million to Glen Bessner through the entity 255-257 Kings Highway LLC for retail building (K1) at 255 Kings Highway in Gravesend, Brooklyn. The deal closed on August 11, 2021 and was recorded on August 30, 2021. The property has 3,875 square feet of built space and 11,490 square feet of additional air rights for…

Hackman through Silvercup signs contract to buy industrial building in Mott Haven

Hackman Capital Partners and Square Mile Capital through the entity Silvercup Studios NY, LLC signed a contract as buyer with Imperial Damper & Louver Co. Inc. as seller for the industrial (E1) building at 907 East 141st Street in Mott Haven, Bronx. The deal closed on May 28, 2021 and was recorded on August 30, 2021. The property has 17,000 square feet of built space…

Riverbend Co-op signs $43M rehab construction loan in Central Harlem

The Riverbend Cooperative through the entity Riverbend Housing Company, Inc. as borrower signed a rehab construction loan with lender New York City Housing Development Corp. valued at $43 million for two co-op parcels including the 329-unit co-op (D4) at 2301 5th Avenue in Central Harlem, Manhattan and 629-unit co-op (D4) at 2289 5th Avenue in Central Harlem, Manhattan. The deal closed on June 23, 2021…

Oestreicher Properties signs $31M refi with Bank Leumi in Plaza District

Oestreicher Properties through the entity Park 430 Operating Company, LLC as borrower signed a refi loan with lender Bank Leumi valued at $31 million for the property at 430 Park Avenue in the Plaza District, Manhattan. The deal closed on August 5, 2021 and was recorded on August 30, 2021. The property has 233,115 square feet of built space and 0 square feet of additional…

LeFrak signs $22M refi loan with TD Bank for rental in Kew Gardens

LeFrak through the entity Cadillac Leasing Limited Partnership as borrower signed a refi loan with lender TD Bank valued at $22 million for the 210-unit rental (D6) at 123-60 83rd Avenue in Kew Gardens, Queens. The deal closed on August 9, 2021 and was recorded on August 30, 2021. The property has 196,393 square feet of built space and 0 square feet of additional air…

Morgan Stanley Prime Property Fund pays $17.6M to GEO Group for industrial near JFK

Morgan Stanley Prime Property Fund through the entity PPF Industrial 18222 150th Avenue, LLC paid $17.6 million to GEO Group through the entity Cpt Operating Partnership, L.P. for industrial (Y3) at 182-02 150th Avenue in Springfield Gardens, Queens, industrial (E1) at 182-11 150th Road in Springfield Gardens, Queens, and industrial (G7) at N/A 182nd Street in Springfield Gardens, Queens. All are just north of John…

Gaston family pays $16.5M to Michael Tsoumpas for rental in Boerum Hill

Gaston family through the entity Gast House, L.L.C. paid $16.5 million to Michael Tsoumpas through the entity Tsoumpas 333 Group LLC for the 22-unit rental (D6) at 333 Atlantic Avenue in Boerum Hill, Brooklyn. The deal closed on August 5, 2021 and was recorded on August 27, 2021. The property has 22,781 square feet of built space and 0 square feet of additional air rights…