Transfers

CACHED

Capital One bank sells Ridgewood retail location for $4.7M

A company at the address of Platinum Realty Associates through the entity 71 Yellowstone LLC paid $4.7 million to the bank Capital One for the mixed-use building (K4) at 67-09 Fresh Pond in Ridgewood, Queens. The deal closed on March 11, 2022 and was recorded on August 11, 2022. The property has 11,780 square feet of built space and 10,339 square feet of additional air…

Mordechai Piller pays $14.2M to Orbach Group for 5 walkups in Gravesend with 51 units

Mordechai G. Piller through the entity Avenue W Holdings LLC paid $14.2 million to Orbach Group through the entity Lighthouse Brooklyn LLC for five properties with 51 units including the 12-unit residential walkup building (C1) at 2314 West 12th Street, 12-unit residential walkup building (C1) at 2302 West 12th Street, and nine-unit residential walkup building (C9) at 2315 West 13th Street, all in Gravesend, Brooklyn….

TARGO Capital pays $16.8M for two walkups in Alphabet City, last sold for $20M in 2015

TARGO Capital Partners through the entity 326-328 E4 Property Owner LLC paid $16.8 million to to South Carolina investors in care of Greenwich-based Mill Management through the entity SFP Fawn Holdings LLC and 1881 East Fourth Street LLC for the 10-unit residential walkup building (C1) at 326 East 4th Street in Alphabet City, Manhattan and 10-unit residential walkup building (C1) at 328 East 4th Street…

SB Development pays $19M for 132-unit dev site in Long Island City

SB Development through the entity LIC 40th Avenue Owner LLC paid $19 million to Steve S. Cheung through the entity E Home Real Estate, LLC for the development site composed 29-24 40th Avenue and 29-16 40th Avenue in Long Island City, Queens. Joseph Stern of SB Development plans to build a 132-unit residential building. He filed a new building construction plan on March 4, 2022,…

Renovation Group signs $7M construction loan for 9-unit development in Greenpoint

Renovation Group through the entity 47 Diamond Street LLC as borrower signed a new construction loan with lender Popular Bank valued at $7 million for three development properties including the development parcels (V0) at 47 , 49 and 51 Diamond Street in Greenpoint, Brooklyn. The deal closed on July 15, 2022 and was recorded on August 10, 2022. The three properties have zero square feet…

Joel Schwartz signs $7.2M refi loan with Popular Bank for 9-unit walkup in Williamsburg

Joel Schwartz through the entity 415 Manhattan Realty LLC as borrower signed a refi loan with lender Popular Bank valued at $7.2 million for the nine-unit residential walkup building (C7) at 415 Manhattan Avenue in Williamsburg, Brooklyn. The deal closed on July 28, 2022 and was recorded on August 10, 2022. The prior lender was BridgeCity Capital which held debt that had an original loan…

Abraham Biller signs $8.7M construction loan with NorthEast Community for 31-unit project in Longwood

Abraham Biller through the entity 672 Union LLC as borrower signed a new construction loan with lender NorthEast Community Bank valued at $8.7 million for the 31-unit development at 672 Union Avenue in Longwood, Bronx. On these lots, there is one active new building construction project for a 31-unit, 31,470-square-foot residential (R-2) building. The project was developed by Abraham Biller with plans filed October 15,…

Jasmin Patel signs $24.9M refi loan with Dime Community Bank for hotel in NoMad

Jasmin Patel through the entity 16-18 East 30th Street Lp as borrower signed a refi loan with lender Dime Community Bank valued at $24.9 million for the hotel building (H3) at 16-18 East 30th Street in NoMad, Manhattan. The deal closed on August 3, 2022 and was recorded on August 10, 2022. The prior lender was East West Bank which held debt that had an…

Dermot Company signs $120M refi loan with Helaba for 375-unit rental in Hell’s Kitchen

Dermot Company through the entity 520 West 43rd Street Reit, LLC as borrower signed a refi loan with lender Helaba through the entity Landesbank Hessen-Thuringen Girozentrale valued at $120 million for the 375-unit residential elevator building (D6) at 520 West 43rd Street in Hell’s Kitchen, Manhattan. The deal closed on July 29, 2022 and was recorded on August 10, 2022. The prior lender was HSBC…

Kwok Hei Lee pays $2.8M for 6-unit walkup in Ridgewood

Kwok Hei Lee through the entity Bath 2046 LLC paid $2.8 million to Franciszek Danowski estate for the six-unit residential walkup building (C2) at 1713 Putnam Avenue in Ridgewood, Queens. The deal closed on July 22, 2022 and was recorded on August 10, 2022. The property has 5,600 square feet of built space according to PincusCo analysis of city data. The sale price per built…

Bayam Jewelry pays $4.3M Gorjians, Hakimians for office condo in Midtown West

Bayam Jewelry through the entity Bayam Properties LLC paid $4.3 million to Justin Gorjian, Kevin Gorjian, Behrouz B. Hakimian, and Joe Hakimian through the entity BBH Properties LLC for an office condo unit 17 at 10 West 46th Street in Midtown West, Manhattan. The deal closed on May 26, 2022 and was recorded on August 10, 2022. The property has 3,400 square feet of built…

Logistics company A. Duie Pyle pays $4.4M to expand holdings on block in Maspeth

Logistics company A. Duie Pyle through the entity NYM Ltl, LLC paid $4.4 million to Steven Levy, Michael Levy, Ina Lane, and Alan Collin through the entity Ingraham Realty Properties, LLC for the industrial building (F9) at 58-17 49th Place in Maspeth, Queens. This adds to two large parcels A. Duie Pyle already owns on the tax block including 58-60 Page Place purchased in 2009…

Gilman Management pays $5.2M for 38-unit rental in Bed Stuy

Gilman Management Corp. through the entity 575 Herkimer Street Associates, LLC paid $5.2 million to Naziemul Safi and Guila Feinberg through the entity 2 Stuyvesant Manor Inc. for the 38-unit residential elevator building (D1) at 575 Herkimer Street in Bed Stuy, Brooklyn. The deal closed on July 15, 2022 and was recorded on August 10, 2022. The property has 35,200 square feet of built space…

Maier Jankovits pays $11.2M to AWH Partners for dev site in Brooklyn Heights

Maier Jankovits through the entity 88 Schermerhorn Holdings LLC paid $11.2 million to AWH Partners through the entity 88 Schermerhorn Hotel, LLC for the development site at 88 Schermerhorn Street in Brooklyn Heights, Brooklyn. Mendel Schwimmer filed new building plans for a 58-unit, 41,291-square-foot residential (R-2) building on May 13, 2022 that has not been permitted yet. The sale closed on July 26, 2022 and…

Elysee Investment pays $32M to KLM Equities for nine walkups with 213 units in Harlem

Avi Dishi’s Elysee Investment through the entity Central Harlem Portfolio LLC paid $32 million to KLM Equities through the entity Lassrick Associates L.P. for nine properties with 213 units including the 89-unit residential walkup building (C4) at 2470 8th Avenue in Harlem, Manhattan, 22-unit residential walkup building (C7) at 271 West 144th Street in Harlem, Manhattan, and 18-unit residential walkup building (C7) at 1941 Adam…

Brusco Group signs $5.2M refi for 42-unit walkup in Hell’s Kitchen

Brusco Group through the entity W47 Realty as borrower signed a refi loan with lender JPMorgan Chase valued at $5.2 million for the 42-unit residential walkup building (C4) at 338 West 47th Street in Hell’s Kitchen, Manhattan. The deal closed on June 9, 2022 and was recorded on August 9, 2022. The prior lender was JPMorgan Chase with a loan of $5.1 million. The property…

Yiannis Konstantinidis signs $27M refi with Alma Bank for two office properties in Ditmars Steinway

Yiannis Konstantinidis through the entity Pali Realty, LLC as borrower signed a refi loan with lender Alma Bank valued at $27 million for two office properties including the office building (O6) at 23-25 31st Street and the office building (O6) at 23-19 31st Street in Ditmars Steinway, Queens. The deal closed on July 27, 2022 and was recorded on August 9, 2022. The prior lender…

Jack Geula signs $39M refi for eight residential walkup properties in Brooklyn

Jack Geula through the entity 31 Sunset Park Holdings LLC as borrower signed a refi loan with lender Customers Bank valued at $39 million for eight residential walkup properties including the 37-unit residential walkup building (C7) at 4710 7th Avenue in Sunset Park, Brooklyn, 37-unit residential walkup building (C7) at 4714 7th Avenue in Sunset Park, Brooklyn, and 44-unit residential walkup building (C1) at 874…

Pi Capital signs $43M refi for 83-unit Elmhurst rental

Pi Capital Partners through the entity 864163 Realty, LLC as borrower signed a refi loan with lender Industrial and Commercial Bank of China valued at $43 million for the 83-unit rental condo at 86-55 Broadway in Elmhurst, Queens, which is divided into four commercial condominium units. The deal closed on July 20, 2022 and was recorded on August 9, 2022. The prior lender was Bank…

Sela Group signs $14M refi loan with Amalgamated Bank for three properties in Greenpoint

Sela Group through the entity Manhattan Avenue Hotel LLC as borrower signed a refi loan with lender Amalgamated Bank valued at $14 million for three properties including the hotel building (HR) at 1109 Manhattan Avenue and two adjacent and vacant parcels on Clay Street in Greenpoint, Brooklyn. The deal closed on June 27, 2022 and was recorded on August 9, 2022. The prior lender was…