Transfers

Forum Absolute Capital Partners borrows $16.6M for property in West Village

Forum Absolute Capital Partners through the entity 401 West Property Owner LLC as borrower signed a loan agreement with lender Spice Securities Scoop SA Compartment 7 valued at $16.6 million for 1 parcel, including the tax class land not zoned residential or Manhattan below 110th Street (V1) at 401 West Street in West Village. The deal closed on May 29, 2020 and was recorded on…

John Silviano borrows $16M from Metropolitan Commercial Bank for religious school property in Jamaica

John Silviano through the entity Jjss Jamaica Cf LLC as borrower signed a loan agreement with lender Metropolitan Commercial Bank valued at $16.0 million for 2 parcels, including the tax class parochial schools, yeshivas (W2) at 89-17 161st Street in Jamaica, Queens. The deal closed on June 26, 2020 and was recorded on July 10, 2020. The property has 135,236 square feet of built space…

Atlantic Towers cooperative borrows $11M from New York Community Bank for property in Sheepshead Bay

Atlantic Towers cooperative through the entity Atlantic Towers Apt. Corp. as borrower signed a loan agreement with lender New York Community Bank valued at $11.4 million for 3 parcels, including the tax class cooperative (D4) and containing 493 residential units at 2546 East 13th Street, 1237 Avenue Z, 1213 Avenue Z in Sheepshead Bay. The deal closed on June 26, 2020 and was recorded on…

Gary Zuckerman borrows $8.5M from New York Community Bank for multifamily property in University Heights

Gary J. Zuckerman through the entity Zuckerman Realty Corp as borrower signed a loan agreement with lender New York Community Bank valued at $8.5 million for 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 47 residential units at 1975 Sedgwick Avenue in University Heights. The deal closed on May 22, 2020 and was recorded on July 10, 2020….

Xi Dennis Zhao borrows $7.3M from Popular Bank for development in Forest Hills

Xi Dennis Zhao through the entity C. H Crescent Realty LLC as borrower signed a loan agreement with lender Popular Bank valued at $7.3 million for 1 parcel, including the tax class land not zoned residential or Manhattan below 110th Street (V1) at 108-17 72nd Avenue in Forest Hills. The deal closed on June 29, 2020 and was recorded on July 10, 2020. This is…

Spyro Avdoulos borrows $6.6M for LIC property acquisition

Spyro Avdoulos through the entity A. Borden LLC as borrower signed a loan agreement with lender 4709-36, LLC valued at $6.6 million for 1 parcel, including the tax class miscellaneous warehouse (E9) at 47-09 36th Street in Long Island City. The deal closed on July 9, 2020 and was recorded on July 10, 2020. The property contains a total of 20,000 square feet of built…

Highpoint Property Group borrows $6.3M from CIT Bank to rehab rental property in Chelsea

Drew Popkin’s Highpoint Property Group through the entity 231 West 20th Street Owner LLC as borrower signed a renovation loan agreement with lender CIT Bank valued at $6.3 million for 1 parcel, including the tax class multifamily, converted dwelling or rooming house (C5) and containing 10 residential units at 231 West 20th Street in Chelsea. The deal closed on July 2, 2020 and was recorded…

Group Gjonaj borrows $5M from New York Community Bank for property in Riverdale

Group Gjonaj through the entity Group Gjonaj LLC as borrower signed an acquisition loan agreement with lender New York Community Bank valued at $5.2 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 48 residential units at 3136 Perry Avenue in Riverdale. The deal closed on June 25, 2020 and was recorded on July 10, 2020. The property contains…

Unit 4B in 443 Greenwich Street in Tribeca sells for $10.9M

An anonymous buyer through the entity 443 Greenwich 4B LLC paid an anonymous seller through 78 Linden 17A, LLC $10.9 million for condo unit 4B at 443 Greenwich Street in Tribeca. The deal closed on July 6, 2020, and was recorded on July 10, 2020. The transaction consists of 1 parcel, including the tax class residential condo in Acris (SC). This is unit 4B. The…

Stagg Group pays $10.8M for two Bronx development sites

Mark Stagg’s Stagg Group paid a combined $10.8 million for two Bronx development sites in two separate transactions with different sellers. In the first, the Stagg Group through the entity 5278 Post Road LLC paid Stilianos Varkaris (and others including Petra Broadway LLC) $7.9 million for 5278 Post Road and an adjacent parcel on Broadway, in Riverdale. The deal closed on July 1, 2020, and…

Lenox Hill 4-family sells for $3.8M

The entity 331 E. 65th St. Realty, LLC paid the Gulati family’s 331 E 65th Street L.L.C. $3.8 million for 331 East 65th Street in Lenox Hill. The deal closed on July 6, 2020, and was recorded on July 9, 2020. The transaction consists of 1 parcel, including the tax class four families (C3) and containing 4 residential units. The property is 4,072 square feet….

Naftali Group borrows $75.9M from HSBC Bank for acquisition and development in Williamsburg

Naftali Group through the entity 470 Kent Ave Associates LLC as borrower signed a loan agreement with lender HSBC Bank valued at $75.9 million for 2 parcels, including the tax class light manufacturing building (F5) at 470 Kent Avenue and 1 Division Avenue in Williamsburg. The deal closed on May 27, 2020 and was recorded on July 9, 2020. Once fully assembled, the site is…

Morris Schreiber borrows $28M from Apple Bank to refi 129-unit UWS rental

Morris Schreiber through the entity Oxford Towers Co., LLC as borrower signed a loan agreement with lender Apple Bank for Savings valued at $28 million for 1 parcel, including the tax class multifamily, fireproof (standard construction without stores) (D3) and containing 129 residential units at 280 Riverside Drive in the Upper West Side. The deal closed on July 2, 2020 and was recorded on July…

Slavo Bernic borrows $17.5M from JPMorgan Chase for rentals in West Village, East Village

Slavo Bernic borrows $17.5 million from JPMorgan Chase Bank for rental properties in the West Village and the East Village in two separate transactions. In the first, Slavo Bernic through the entity 135 Charles Street LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank valued at $9.5 million for 1 parcel, including the tax class multifamily, converted (D5) and containing 50 residential…

9201 Shore Road cooperative in Fort Hamilton ups debt to $14M with NCB loan

The 9201 Shore Road cooperative through the entity 9201 Shore Tenants Corp. as borrower signed a loan agreement with lender National Consumer Cooperative Bank valued at $14.2 million for 1 parcel, including the tax class cooperative (D4) and containing 254 residential units at 9201 Shore Road in Fort Hamilton. The deal closed on June 30, 2020 and was recorded on July 9, 2020. The property…

George Tsilogiannis pays $9.8M to Ilias Theodoropoulos for retail in Astoria, nearly $3M below 2016 price

George Tsilogiannis through the entity Broadway 29, LLC paid Ilias Theodoropoulos’s Pan Metron LLC $9.8 million for 25-33 Broadway in Astoria. The deal closed on July 1, 2020, and was recorded on July 8, 2020. The transaction consists of 1 parcel, including the tax class one-story store building (K1). The property is 10,000 square feet. The average sale price per square foot is $975. The…

Torkian Group pays $5M to Milton Taube for multifamily property in Yorkville

Torkian Group through the entity 242 East 83 LLC paid Milton Taube’s 242 Realty Equities, LLC $5.0 million for 242 East 83rd Street in Yorkville. The deal closed on June 25, 2020, and was recorded on July 8, 2020. The transaction consists of 1 parcel, including the tax class multifamily, converted dwelling or rooming house (C5) and containing 20 residential units. The property is 9,815…

Pavlos Sierros and Jeremy Bolger pays $4.8M for office property in Chinatown

Pavlos Sierros and Jeremy Bolger through the entity Chinatown Food Services, LLC paid Jackson Mak’s 130 RE, LLC $4.8 million for 130 Madison Street in Chinatown. The deal closed on June 30, 2020, and was recorded on July 8, 2020. The transaction consists of 1 parcel, including the tax class office building with commercial with one to six stories (O5). The property is 2,914 square…

Noorollah Asherian pays $4M for vacant land in East Harlem

Noorollah Asherian through the entity 1650 Madison Holdings, LLC paid Saul Schwartz and J.J. Cranston Construction’s 1650 Madison LLC $4 million for 1650 Madison Avenue in East Harlem. The deal closed on June 25, 2020, and was recorded on July 8, 2020. The transaction consists of 1 parcel, including the tax class land not zoned residential or Manhattan below 110th Street (V1). Direct link to…