ABJ Properties through the entity 32 Ave A Holdings LLC paid $3.8 million to Atkins & Breskin through the entity L & S Properties 1 LLC for three-unit mixed-use building (S3) at 32 Avenue A in Alphabet City, Manhattan. The deal closed on March 9, 2023 and was recorded on March 17, 2023.The property has 4,708 square feet of built space and 1,972 square feet…
David Gold through the entity Pad2 LLC paid $4 million to Filipinas Americas Science And Art Foundation for the specialty building (W3) at 1209 Park Avenue in Carnegie Hill, Manhattan. The deal closed on March 8, 2023 and was recorded on March 17, 2023. The property has 4,724 square feet of built space and 15,280 square feet of additional air rights for a total buildable…
Andy Fred Wu paid $4.7 million to R.A. Cohen & Associates through the entity Ben 22 Associates LLC for eight-unit residential walkup building (C1) at 413 West 22nd Street in Chelsea, Manhattan. The deal closed on March 7, 2023 and was recorded on March 17, 2023. The property has 3,500 square feet of built space and 947 square feet of additional air rights for a…
UPDATED 8:55 a.m., March 20, 2023: The owner of Comedy Cellar through the entity Dwormanco, LLC paid $7.3 million to the McDonald’s Corporation for the shuttered location (K2) at 136 West 3rd Street in Greenwich Village, Manhattan. The Comedy Cellar operates two club locations on the block, at 130 and 132 West 3rd Street, in addition to its main location at 117 MacDougal Street. McDonald’s…
Kenneth Rosenblum paid $23 million to the estate of his mother Bernice Rosenblum for a 50 percent interest in four walkups in SoHo and the West Village that have a total of 110 residential units. The properties were part of a six-building lawsuit Kenneth Rosenblum brought in 2015 against his then-96-year-old mother Bernice Rosenblum, seeking a dissolution and auction sale of the buildings in order…
CB-Emmanuel Realty, a major affordable housing developer, paid $12 million to the West Harlem Community Organization for six residential walkup properties in Harlem with a total of 89 units in two transactions, and borrowed $32.8 million from the Community Preservation Corporation for renovation and maintenance of affordable housing. CB-Emmanuel Realty as beneficial owner acquired the properties in conjunction with the nonprofit Settlement Housing Fund. In…
Prime Group Holdings through the entity Prime Storage Fifth Avenue Harlem, LLC paid $22.9 million to Downtown Capital Partners through the entity 2350 Fifth Avenue Corp. for three industrial properties including at 12 West 142nd Street (E7) and 2350 Fifth Avenue (E7) in Harlem, Manhattan. The deal closed on March 15, 2023 and was recorded on March 17, 2023. The three properties have 141,962 square…
An anonymous buyer through the entity YW11 Trust paid $26.8 million to Alicia Harper and Philip Harper through the entity 271 West 11th Street LLC for the 11-unit residential walkup building (C1) at 271 West 11th Street in West Village, Manhattan. The building was marketed as a potential single-family and the sale price per foot indicates that’s likely. The deal closed on March 9, 2023…
By Adam Pincus UPDATED 1:16 p.m., March 17, 2023: Thor Equities, ASB Real Estate Investments and other partners sold the SoHo retail building at 155 Mercer Street formerly leased to Dolce & Gabbana, for approximately $60 million to the James Dyson investment holding company, according to property records. The sale closed this week. The buyer was Weybourne Properties I LLC, an affiliate of James Dyson’s…
Son Dinh Tran through the entity 214 West 30th LLC as borrower signed a refi loan with lender Patriot Bank valued at $8.7 million for the 11-unit residential elevator building (D5) at 214 West 30th Street in Chelsea, Manhattan. The deal closed on February 23, 2023 and was recorded on March 16, 2023. The prior lender was S3 Capital which held debt that had an…
Guy Peleg through the entity 711-717 Grand LLC as borrower signed a new construction loan with lender Valley National Bank valued at $14 million for the two-unit mixed-use building (S2) at 717 Grand Street in Williamsburg, Brooklyn. On the lot, there is a new building project for a 25-unit, 25,215 square-foot R-2 building developed by Idan Magen with plans filed February 17, 2022 and it…
Yeshiva Har Torah as borrower signed a refi loan with lender Build NYC Resource Corporation valued at $13.8 million for two specialty condominium units at 250-10 Grand Central Parkway in Glen Oaks, Queens. The deal closed on March 1, 2023 and was recorded on March 16, 2023. The two properties have 49,164 square feet of built space according to PincusCo analysis of city data. The…
The Japanese company General Holdings Co. through the entity General Holdings Co., Ltd. paid $4.4 million to Michio Fukuda for the six-unit residential walkup building (C2) at 401 12th Street in South Slope, Brooklyn. The deal closed on March 1, 2023 and was recorded on March 16, 2023. The property has 3,798 square feet of built space and 3,700 square feet of additional air rights…
Jack Bick of Charatan Realty paid $9.8 million to Solow Realty for two rental buildings with a total of 112 units in Bayswater, Queens in two separate transactions. In the first, Jack Bick of Charatan Realty through the entity JB Hartman LLC paid $5.8 million to Solow Realty & Development through the entity Bayswater Terrace Corp. for 72-unit residential walkup building (C9) at 10-01 Hartman…
Maheshchand M. Ratanji through the entity Bronx River Hotel LLC paid $6 million to Joseph Yunatanov through the entity 3551 Boston Associates LLC for development building (V1) at 869 Concourse Village West in Concourse Village, Bronx. On the lot, there is one active new building construction project for a 85-unit, 27,920 square-foot hotel (R-1) building. The project was developed by Joseph Yunatanov with plans filed…
The entity 323 West 89 Ablatos LLC paid $6.1 million to Cynthia Arlia and Luigi Arlia through the entity 323 West 89th Street, L.L.C. for the 10-unit residential walkup building (C1) at 323 West 89th Street in Upper West Side, Manhattan. The deal closed on March 13, 2023 and was recorded on March 16, 2023. The property has 7,120 square feet of built space and…
Property owner Esmaeil Hosseinipour as president of the company Hova Management Group filed a bankruptcy petition to halt a foreclosure sale of four Jamaica, Queens properties at 92-08 175th Street to 92-14 175th Street valued at $4.8 million. This is the second bankruptcy the property owners have filed since the lender Maspeth Federal Savings filed the original pre-foreclosure action 10 years ago to the month….
EPR Properties, a Kansas City-based real estate investment trust that focuses on experiential and entertainment assets, through the entity EPR Fitness, LLC, paid $43.3 million to Cayuga Capital Management (1 Nassau Owner LLC) for the mixed-use building (K2) at 1 Nassau Avenue in Williamsburg, Brooklyn. Cayuga built the building in 2021 which is leased to Vital Climbing Gym. The deal closed on February 28, 2023…
Risland Holdings through the entity Risland New York LLC as borrower signed a loan with lender Emerald Creek Capital (ECC Court Square LLC) valued at $60.5 million for 84 unsold condominium units at the 801-unit residential condo at 23-15 44th Drive in Long Island City, Queens. The main developer for the condo building was United Construction & Development Group. The deal closed on March 8,…
Georgios Kelesidis through the entity Nikki Suites LLC as borrower signed a loan with lender Webster Bank valued at $13.1 million for the 93-unit residential elevator building (D7) at 874 Willoughby Avenue in Bedford Stuyvesant, Brooklyn. The deal closed on March 7, 2023 and was recorded on March 15, 2023. The property has 73,717 square feet of built space according to a PincusCo analysis of…