Watermark Capital Group through the entity 62-08 Realty LLC, sued the former owner of a large development parcel at 6128 8th Avenue in Sunset Park, Brooklyn, who remained in control under a master lease, because a neighbor had not been included in a construction license and access agreement the developers need to move ahead. The plaintiffs are seeking $10 million or more if they can’t…
Apex Investments through the entity 83-97 Apollo Leasehold LLC as borrower signed a refi loan with lender Ellington Management Group through the entity Emg Transfer Agent LLC valued at $16.2 million for the property at 83 Apollo Street in Greenpoint, Brooklyn. This is The Continental, a Safe Haven Shelter, North Brooklyn News reported. The deal closed on May 24, 2024 and was recorded on June…
Sunlight Development through the entity Madison 29 Holding LLC as borrower signed a $50 million acquisition loan with an affiliate of NuVerse Advisors as lender, through the entity S3 Lender MA LLC, for the office building (O6) at 95 Madison Avenue in NoMad, Manhattan. The city designated the building an individual city landmark in 2018. Sunlight Development bought the building for $65 million with plans…
J.P. Morgan Asset Management through the entity Chelsea New York Realty Company LLC as borrower signed a refi loan with lender Northwestern Mutual Life Insurance valued at $165 million for the 387-unit residential elevator building (D8) at 776 Avenue of The Americas in NoMad, Manhattan. The deal closed on June 11, 2024 and was recorded on June 14, 2024. The prior lender was PGIM Real…
Vornado Realty Trust and unnamed sovereign wealth fund and pension investors, through the entity 640 Fifth Avenue Owner LLC as borrower, signed a refi loan with lender Morgan Stanley, Goldman Sachs, and Bank of Montreal valued at $300 million for the office and retail building at 640 Fifth Avenue in Midtown West, Manhattan. The $300 million was senior debt. Vornado reported it refinanced the building…
VAJA Group, led by Moses Freund, through the entity 700 Gerard Owner LLC paid $2.2 million to Rosemawr Management through the entity Rm Bronx LLC for the development parcel (V0) at 700 Gerard Avenue in Concourse, Bronx. The American Dream Charter School planned a new educational building on the site, but those plans did not go through. The deal closed on June 10, 2024 and…
Patrick Fu through the entity 141 Bedford Ave, LLC paid $2.6 million to Joseph Lentini and Brian Lentini through the entity Bedford Ave. Studios LLC for the three-unit building (C0) at 141 Bedford Avenue in Williamsburg, Brooklyn. The deal closed on June 6, 2024 and was recorded on June 14, 2024. The property has 1,944 square feet of built space and 978 square feet of…
Jack Saadeh through the entity Lmr Assets LLC paid $31.3 million to Steven Klein through the entity 148 Mad New Owner LLC for the office building (O6) at 148 Madison Avenue in Murray Hill, Manhattan. The building was constructed in 1917, according to marketing materials and city records. The deal closed on June 7, 2024 and was recorded on June 14, 2024. The property has…
The entity EGL 1605 Owner LLC paid $53.3 million through a 15.91 percent partial interest to Argent Ventures through the entity 1601 Broadway Owner LLC for the Crowne Plaza Times Square Manhattan hotel building (H1) at 1601 Broadway in Times Square, Manhattan. The deal closed on July 23, 2024 and was recorded on August 15, 2024. The property has 843,131 square feet of built space…
Albert Malekan through the entity Akjo-26 Delaware LLC as borrower signed a refi loan with lender Citibank through the entity Citi Real Estate Funding Inc. valued at $20 million for the office building (O6) at 419 Lafayette Street in NoHo, Manhattan. Malekan acquired full control of the property last year in an entity level transactions valued at $29.4 million. Before that, Malekan controlled the property…
Carlyle Group and Sabharwal Properties through the entity 507 Osborn Street Owner, L.L.C. as borrower signed a refi loan with lender Prudential Financial through the entity The Prudential Insurance Company of America valued at $28 million for two industrial properties including the industrial building (E7) at 155 King Street in Red Hook, Brooklyn and industrial building (E7) at 507 Osborn Street in Brownsville, Brooklyn. The…
MCR Hotels through the entity Flight Center Hotel LLC as borrower signed a refi loan with lender Barclays through the entity Barclays Capital Real Estate Inc. valued at $290 million for the landmarked TWA Hotel building (T1) at 154-68 Brookville Boulevard in John F. Kennedy International Airport, Queens. The deal closed on June 5, 2024 and was recorded on June 13, 2024. The prior lender…
Lin Wei Huang through the entity N C P M Inc. paid $3.4 million to the estate of Soon Yee, Peter Yee, and John Yee through the entity 58 Mott Street LLC for the six-unit mixed-use building (S5) at 58 Mott Street in Chinatown, Manhattan. The deal closed on May 31, 2024 and was recorded on June 13, 2024. The property has 4,646 square feet…
Hirshmark Capital through the entity 3516 FS LLC As Nominee For Astoria LIC Funding LLC acquired from Matthew Schwartz and Scott Minuta through the entity 35-16 Astoria Blvd Holdings, LLC, the 15-unit residential elevator building (D7) at 35-16 Astoria Boulevard in Astoria, Queens, through a $9.7 million deed-in-lieu of foreclosure. The transfer value for a deed-in-lieu is typically the loan value or the latest judgment…
Island Capital Group through the entity W21st Owner LLC paid $51.8 million to Canoe Brook Development through the entity Roseland/Stempel 21st Street Associates, L.L.C. for the 116-unit residential elevator building (D6) at 35 West 21st Street in Flatiron District, Manhattan. The property has alternate addresses of 37 West 21st Street and 39 West 21st Street. The buyer acquired the property through the purchase of sublease….
Bethpage Federal Credit Union filed a $33.06 million pre-foreclosure at the 42,416-square-foot office condominium unit at 135 West 52nd Street in Midtown West, Manhattan, owned by Ariel Lahmi’s investment firm Beekman Riem. The bank filed the complaint yesterday in New York State Supreme Court in Manhattan. Case LINK Court filings represent the position of one party and are not necessarily accurate or complete. Beekman Riem…
ABJ Properties through the entity ABJ Park, LLC as borrower signed a refi loan with lender PGIM Real Estate through the entity Pgim Real Estate Agency Financing, LLC valued at $9.4 million for two residential elevator properties with 74 residential units including the 60-unit residential elevator building (D3) at 1652 Park Avenue in East Harlem, Manhattan and 14-unit residential elevator building (D6) at 91 East…
Icon Realty Management through the entity 320-324 West 14 Realty Associates LLC and others as borrower signed a loan extension with lender Series 2019-Icon valued at $172 million for 21 properties in Manhattan with a total of 381 units and 220,951 square feet of total space. The properties include the 19-unit residential walkup building (C4) at 322 West 14th Street in West Village, Manhattan, seven-unit…
Farhad Hanasab through the entity 119 Elizabeth Street, LLC paid $6.8 million to Iris Toy Hung Eng Ong and Patricia Eng through the entity Mee Lun Realty Corp. for the 35-unit residential walkup building (C7) at 119 Elizabeth Street in Little Italy, Manhattan. The deal closed on June 6, 2024 and was recorded on June 12, 2024. The property has 18,950 square feet of built…
Steve Zervoudis through the entity 200 East 205 LLC paid $7.7 million to Allen Schwartz through the entity Vilmar LLC for the 61-unit residential elevator building (D1) at 200 East 205th Street in Bedford Park, Bronx. The deal closed on May 30, 2024 and was recorded on June 12, 2024. The property has 81,070 square feet of built space and 18,729 square feet of additional…
