Transfers

CACHED

Fisher Brothers signs $460M refi loan with Morgan Stanley in Midtown East

Fisher Brothers through the entity Park Avenue Plaza Owner LLC as borrower signed a refi loan with lender Morgan Stanley through the entity Morgan Stanley Bank, N.A. valued at $460 million for two office buildings including the office building (O4) at 55 East 52nd Street in Midtown East, Manhattan and office building (O6) at 49 East 52nd Street in Midtown East, Manhattan. The deal closed…

Durst signs $127.5M refi loan with Signature Bank for Hallets Point rentals in Astoria

The Durst Organization through the entity Hlp1 Liru LLC as borrower signed a refi loan with lender Signature Bank valued at $127.5 million for three properties including the 323-unit bulk condos (MC) at 1-02 26th Avenue in Astoria, Queens, 81-unit bulk condos (MC) at 1-02 26th Avenue in Astoria, Queens, and office building (OT) at 1-02 26th Avenue in Astoria, Queens. The deal closed on…

Atlantic Development signs $30.4M construction loan with M&T Bank in Mt Eden

Atlantic Development Group through the entity 1475 Macombs Rd, LLC as borrower signed a new construction loan with lender M&T Bank valued at $30.4 million for the industrial (G6) at 1475 Macombs Road in Mt Eden, Bronx. The deal closed on November 24, 2021 and was recorded on January 6, 2022. The owner bought the property on November 27, 2019, for $7.6 million. The signatory…

O’Connor Capital, CBRE fund pays $85M to ASB Capital, 60 Guilders for industrial in Sunset Park

O’Connor Capital Partners and CBRE Investment Management through the entity Uslp Sunset Park, LLC paid $85 million to ASB Capital Management and 60 Guilders through the entity 5112 Second Avenue Owner, LLC for industrial (E1) at 5112 2nd Avenue in Sunset Park, Brooklyn. The deal closed on December 23, 2021 and was recorded on January 5, 2022. The property has 187,465 square feet of built…

L+M, Services for the UnderServed pay $25M to New York State for dev site in East New York

L+M Development Partners and Services for the UnderServed through the entity C1 C2 Vital Bk Housing Development fund Corporation paid $25 million to New York State through the entity Empire State Development for the development site (I5) at 888 Fountain Avenue in East New York, Brooklyn. L+M Development Partners signed a $71.8 million acquisition loan with New York State Housing Finance Agency for the purchase….

Morris Weinberg pays $14.8M to Jacob Hager for rental in Flatbush

Morris Weinberg through the entity 100 East 21 LLC paid $14.8 million to Jacob Hager through the entity 100 East 21st Realty LLC for 84-unit rental (D1) at 100 East 21st Street in Flatbush, Brooklyn. To finance the purchase, Weinberg signed a $11.1 million acquisition loan with JPMorgan Chase. The deal closed on December 15, 2021 and was recorded on January 5, 2022. The property…

Alma Realty pays $6.5M to Joseph Lewner for rental in Washington Heights

Alma Realty through the entity Alma Trenton LLC paid $6.5 million to Joseph Lewner through the entity L&L Realty Equities, LLC for 37-unit rental (D1) at 353 Ft Washington Avenue in Washington Heights, Manhattan. The deal closed on December 22, 2021 and was recorded on January 5, 2022. The property has 67,740 square feet of built space and 10,228 square feet of additional air rights…

Townhouse Rental II pays $10.5M for 3 walk-ups in Bushwick, Ridgewood

The anonymous entity Townhouse Rental II paid $10.5 million to two separate sellers in three separate transactions for three walk-up buildings with a total of 16 units in Bushwick, Brooklyn, and Ridgewood, Queens. Prior to these transactions, the entity Townhouse Rental II, LLC acquired seven walk-up properties in Brooklyn and Queens for $19.4 million. In the first, Townhouse Rental II, LLC paid $4.1 million to…

Magnum Real Estate buys out partner at West Village walk-up for $6M

Magnum Real Estate Group through the entity 81 Charles Street Owner LLC paid $6 million to Seth Yablans through the entity Flagstaff4 LLC to buy him out as a partner in the seven-unit walk-up (C5) at 81 Charles Street in West Village, Manhattan. The deal closed on December 14, 2021 and was recorded on January 5, 2022. The property has 4,040 square feet of built…

Aperture Holdings pays $4.8M to Quality Capital USA for rental in Greenpoint

Aperture Holdings through the entity 108 Calyer Owner LLC paid $4.8 million to Quality Capital USA through the entity Quality Bh Yh Williamsburg LLC for eight-unit rental (C1) at 108 Calyer Street in Greenpoint, Brooklyn. The deal closed on December 15, 2021 and was recorded on January 5, 2022. The property has 7,020 square feet of built space according to PincusCo analysis of city data….

Moon Capital pays $4.3M to Penn South for mixed-use building in East Village

Moon Capital Management Group through the entity Lunar Estates, LLC paid $4.3 million to Penn South Capital through the entity 123 1st By 328 LLC for the three-unit mixed-use building (S3) at 123 1st Avenue in East Village, Manhattan. The deal closed on December 15, 2021 and was recorded on January 5, 2022. The property has 3,680 square feet of built space and 320 square…

Gui Ying Hong pays $4.2M for industrial in Brookville

Gui Ying Hong through the entity S S & Hong LLC paid $4.2 million to George Georgakopoulos through the entity Space Blue Properties, LLC for industrial (E1) at 167-43 Porter Road in Brookville, Queens. The deal closed on December 1, 2021 and was recorded on January 5, 2022. The property has 11,200 square feet of built space according to PincusCo analysis of city data. The…

Yidel Hirsch signs $40M construction loan with Popular Bank for 80-unit project in Greenpoint

Yidel Hirsch through the entity Franklin 33 LLC as borrower signed a new construction loan with lender Popular Bank through the entity Popular Bank valued at $40 million for the 80-unit project at 33-41 Franklin Street in Greenpoint, Brooklyn. The deal closed on December 16, 2021 and was recorded on January 5, 2022. Yidel Hirsch, on November 23, 2021, was given a permit for construction…

Grubb Properties signs $25M initial loan with Emerald Creek for 317-unit LIC dev site

Grubb Properties through the entity Queens Plaza North New York, LLC as borrower signed a initial loan with lender Emerald Creek Capital through the entity Emerald Creek Capital 3, LLC valued at $25 million for two properties including 41-34 27th Street in Long Island City, Queens. The deal closed on December 16, 2021 and was recorded on January 5, 2022. Grubb Properties, on August 23,…

Joel Schwartz signs $12.8M refi with Jovia Financial for 27-unit project in Bushwick

Joel Schwartz through the entity 58 Palmetto Brooklyn LLC as borrower signed a refi loan with lender Jovia Financial through the entity Jovia Financial Federal Credit Union valued at $12.8 million for the 27-unit rental (D1) at 58 Palmetto Street in Bushwick, Brooklyn. The deal closed on December 16, 2021 and was recorded on January 5, 2022. The property has 20,835 square feet of built…

GPS Realty signs $10.5M refi with Investors Bank for rental in Upper West Side

GPS Realty through the entity Heather Brand Fourth LLC as borrower signed a refi loan with lender Investors Bank through the entity Investors Bank valued at $10.5 million for the 38-unit rental (C7) at 340 Amsterdam Avenue in Upper West Side, Manhattan. The deal closed on December 14, 2021 and was recorded on January 5, 2022. The property has 12,371 square feet of built space…

2-family in Chelsea sells for $12.5M

George L. Majoros through the entity Blue Door 23 LLC paid $12.5 million to Michael Chaney and Larissa Kirschner for the two-unit two-family building (B9) at 328 West 23rd Street in Chelsea, Manhattan. The deal closed on November 30, 2021 and was recorded on January 5, 2022. The property has 7,635 square feet of built space and 2,344 square feet of additional air rights for…

Empire State Realty buys two rentals with 625 units from Fetner for $307M

The publicly traded real estate investment trust Empire State Realty Trust purchased two Manhattan rental buildings from Fetner Properties with a total of 625 residential units for $307 million, according to industry sources and public information. The Real Deal reported in October 2021 that Empire State Realty Trust disclosed in a U.S. Securities and Exchange filing that it had an agreement to buy two properties…

Croman sells two LES walk-ups to TARGO Capital for $21.2M

TARGO Capital Partners through the entity 182 Stanton Property Owner LLC paid $21.2 million to Croman Real Estate through the entity 182 Stanton LLC for nine-unit rental (C4) at 184 Stanton Street in Lower East Side, Manhattan and eight-unit rental (C4) at 182 Stanton Street in Lower East Side, Manhattan. At the same time, TARGO Capital signed a $13.4 million acquisition loan with New York…

Craig Policastro sells industrial in Hudson Yards for $15M

The entity Ex Zdj 36 LLC paid $15 million to Craig Policastro through the entity 439 West 36th Street LLC for industrial (E1) at 439 West 36th Street in Hudson Yards, Manhattan. The deal closed on December 17, 2021 and was recorded on January 4, 2022. The property has 15,000 square feet of built space and 29,549 square feet of additional air rights for a…