Transfers

Argent borrows from H&R REIT to buy $195M note on Vornado Times Square hotel

Argent Ventures borrowed an undisclosed amount from Toronto-based H&R REIT to buy a $195 million note on Vornado Realty Trust’s Times Square hotel at 1605 Broadway. The deal closed on December 23, 2020 and was recorded on January 14, 2021. The property contains a total of 843,131 square feet of built space. Argent borrowed an undisclosed amount from H&R REIT and collaterally assigned it an…

Brevard cooperative in Midtown East borrows $26M from Investors Bank

The Brevard cooperative through the entity Brevard Owners, Inc. as borrower signed a loan agreement with lender Investors Bank valued at $26 million for 5 parcels, including the tax class cooperative (C6) and containing 504 residential units at 231 East 54th Street, 233 East 54th Street, 235 East 54th Street, 237 East 54th Street, and 245 East 54th Street in Midtown East. The deal closed…

Maverick buys $6.1M note secured by East Village rental from Hirshmark

Maverick Real Estate Partners through the entity St Marks’S Mixed Use LLC bought originally given by Lawrence V. Otway to Hirshmark Capital’s entity 80 St. Marks Place Funding LLC with a maximum principal of $6.1 million and secured by 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 7 residential units at 78 St Marks Place in East…

Seattle-based Fairview buys $3.1M note on Astoria rental

Fairview Partners Investment Management through the entity Fairview Loans Iv acquired a note originally given by Flavio Sportelli to Sterling National Bank as original lender and with a maximum principal of $3.1 million secured by 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 40 residential units at 25-12 Steinway Street in Astoria. The deal closed on December…

Dov Hertz pays $66.1M for Staten Island parcel

Dov Hertz through his DH Property Holdings’ 1900 South Owner LLC acquired an interest from the Vanderbilt family through the entity Vanbro Corporation valued at $66.1 million for 3 parcels, including the tax class land not zoned residential or Manhattan below 110th Street (V1) at 1900 South Avenue, 1780 South Avenue, and 360 Industry Road in Staten Island. The deal closed on December 30, 2020…

Willowick Properties pays $22.9M for 48 units in West Village

Willowick Properties through the entity 140 West 4th LLC paid Rudd Realty Management’s Merrimaker Corporation $22.9 million for 142 West 4th Street and 140 West 4th Street in West Village. The deal closed on December 21, 2020 and was recorded on January 13, 2021. The transaction consists of 2 parcels, including the tax class multifamily, more than six families with stores (C7) and containing 48…

Steel Equities buys 50% stake in troubled E. W’burg site from Bruman Realty

Steel Equities’ Steel 121 Morgan LLC acquired an interest from Joseph Brunner and Bruman Realty through their entity Morgan Bmb LLC valued at $12.8 million for a 50 percent interest 1 parcel, including the tax class miscellaneous warehouse (E9) at 121 Morgan Avenue in East Williamsburg. The deal closed on December 31, 2020 and was recorded on January 13, 2021. This is the sale of…

Buyer pays $10.8M to Astoria church for site

The entity Astoria Crescent Owner LLC paid Astoria’s Church of the Redeemer, $10.8 million for 30-14 Crescent Street in Astoria. The deal closed on December 17, 2020 and was recorded on January 13, 2021. The transaction consists of 1 parcel, including the tax class single-family, miscellaneous (old buildings, attached & semi-detached frame houses, etc.) (A9). The signatory for the buyer was Emanuel Westfried. The contract…

Pasquale DeBenedictis pays $12.3M to Allen Weingarten for 3 parcels in Woodside

Pasquale DeBenedictis paid $12.3 million to Allen Weingarten for 3 parcels in Woodside in three separate transactions. In the first, Pasquale DeBenedictis through the entity 43-32 55Th St. Acquisition, LLC paid Allen Weingarten’s Faw Realty LLC $4.1 million for 43-32 55th Street in Woodside. The deal closed on December 31, 2020 and was recorded on January 13, 2021. The transaction consists of 1 parcel, including…

Criterion Group pays $4.8M for property in Bronx

Shibber Khan’s Criterion Group through the entity 233 Fordham Industrial LLC paid John R. Philip’s Jrp Industries LLC $4.8 million for 233 Fordham Place in Bronx. The deal closed on December 31, 2020 and was recorded on January 13, 2021. The transaction consists of 1 parcel, including the tax class miscellaneous manufacturing building (F9)The property is 14,070 square feet. The signatory for the buyer was…

L+M Development borrows $212.5M from NYC for 542-unit Bronx development

L+M Development Partners through the entity Bronx Point Owner LLC as borrower signed a loan agreement with lender New York City Housing Development Corporation valued at $212.5 million for 1 parcel, including the tax class miscellaneous open space (Z9) at 65 East 149th Street in Bronx. The deal closed on December 29, 2020 and was recorded on January 13, 2021. Simultaneously with this rehab loan…

Carlyle Group borrows $32.5M from Invesco Real Estate for property in Brooklyn

Carlyle Group through the entity Greenbroook Thr Owner, L.L.C. as borrower signed a loan agreement with lender Invesco Real Estate through the entity Invesco Cmi Investments, L.P. valued at $32.5 million for 11 parcels, including the tax class three-family (C0) and containing 35 residential units at 264 Kosciuszko Street, 24 Cornelia Street, 27 Bleecker Street, 194 Cooper Street, 610 Bainbridge Street, and others in Brooklyn….

Two Trees Management borrows $26M from M&T Bank for property in Brooklyn

Two Trees Management through the entity 25 Washington LLC as borrower signed a loan agreement with lender M&T Bank through the entity M&T Realty Capital Corporation valued at $26.5 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 106 residential units at 25 Washington Street in Brooklyn. The deal closed on November 17, 2020 and was recorded on January…

Jerry Lebedowicz buys debt on East Village building owned by Ukrainian group

Jerry Lebedowicz through his B King Chick LLC acquired the debt with a maximum principal of $800,000 provided in 2008 to the Organization For Defense of Four Freedoms for Ukraine, Inc. by the Ukrainian National Federal Credit Union for 1 parcel, including the tax class miscellaneous office building (O9) and containing 18 residential units at 136 Second Avenue in the East Village. The deal closed…

Related buys Chinatown affordable from CIM, L+M for $423M

Related Companies through Hp Cherry Street Housing Development Fund Company, paid CIM Group and L+M Development Partners through the entity Endland LLC $424.0 million for 1 parcel, including the tax class multifamily, fireproof – with stores (D6) and containing 490 residential units at 265 Cherry Street in Chinatown. The deal closed on December 28, 2020 and was recorded on January 12, 2021. The building is…

Meadow pays $232M for leasehold at 860 Washington in Meatpacking District

Meadow Partners through the entity 860 Washington Gorp Property LLC acquired a leasehold from Property Group Partners through the entity 860 Washington Street LLC valued at $232 million for 1 parcel, including the tax class office building with commercial with seven to 19 stories (O6) at 860 Washington Street in West Village. The deal closed on December 31, 2020 and was recorded on January 12,…

Slate buys out AEW at 148-unit Park Slope development valued at $76M

Slate Property Group through the entity 535 Fourth Avenue Owner LLC acquired a leasehold from AEW Capital Management through the entity Partners Vii/535 Fourth Owner LLC valued at $76 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 148 residential units at 535 4th Avenue in Park Slope. The deal closed on December 30, 2020 and was recorded on…

Dynamic Star pays $21M for property in University Heights

Dynamic Star through the entity Ds Fordham Landing 4 LLC paid Carmino Salgado’s Galway Realty, LLC $21 million for 2391 Exterior Street and 2401 Exterior Street in University Heights. The deal closed on December 31, 2020 and was recorded on January 12, 2021. The transaction consists of 2 parcels, including the tax class miscellaneous manufacturing building (F9). The signatories for the buyer were Gary Segal…

Five Star Electric pays $11M to Dynamic Star for property in Ozone Park

Five Star Electric through the entity Five Star Electric Corp. paid Gary Segal’s Dynamic Star’s Eaj Management LLC $11.0 million for 101-32 101st Street and 100 STREET 101-49 in Ozone Park. The deal closed on December 18, 2020 and was recorded on January 12, 2021. The transaction consists of 2 parcels, including the tax class office building with two to six stories (O2)The properties have…

Meadow Partners borrows $116M to acquire Meatpacking ground lease

Meadow Partners through the entity 860 Washington Gorp Property LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank valued at $116.0 million for 1 parcel, including the tax class office building with commercial with seven to 19 stories (O6) at 860 Washington Street in West Village. The deal closed on December 30, 2020 and was recorded on January 12, 2021. The property…