The Trump Organization through the entity DJT Holdings LLC filed a lawsuit yesterday in New York State Supreme Court in Manhattan alleging the company that paid $375 million for the leasehold on the Old Post Office at 1100 Pennsylvania Avenue in Washington, D.C., defaulted on a $28 million loan the Trump Organization provided the buyer to cover the payment of taxes related to the 2022…
UPDATED 6:25 p.m., June 22, 2024: Yi Jian Lin paid $7.29 million to the estate of Fred Stark for two adjacent long and thin industrial properties that front railroad tracks on one side and a surface road on another in Jamaica, Queens, in two transactions. In the first, Yi Jian Lin through the entity 108-40 Dunkirk LLC paid $4.9 million to the estate of Fred…
Sophia Kang through the entity PK Flushing LLC paid $5 million to the Bauer family through the entity Bauer Home Improvement Limited for the retail building (K1) at 142-06 41st Avenue in Flushing, Queens. The property forms an L around the corner building, 41-05 Union Street, which Kang already owns. The deal closed on June 4, 2024 and was recorded on June 11, 2024. The…
An affiliate of affordable and supportive housing developer James Equities and the nonprofit NYC Housing Partnership through the entity 1377 Brooklyn Property LLC paid $7.2 million to Cristo Rey Brooklyn High School for the former dormitory property at 1377 Brooklyn Avenue in East Flatbush, Brooklyn. The deal closed on May 21, 2024 and was recorded on June 11, 2024. The property has 58,040 square feet…
An affiliate of Tashkent Supermarket through the entity 2845 Coney Island LLC paid $16 million to Ilhanan Israilov through the entity Med Partners LLC for the retail building (K1) at 2837 Coney Island Avenue in Sheepshead Bay, Brooklyn. The deal closed on May 31, 2024 and was recorded on June 11, 2024. The property has 10,000 square feet of built space and 5,310 square feet…
A founding member of the once-active condominium development company DDG Partners, Peter Guthrie, filed a lawsuit yesterday in New York State Supreme Court in Manhattan seeking to dissolve the company, while also seeking a $1.5 million judgment for alleged damages. Case LINK Court filings represent the position of one party and are not necessarily accurate or complete. Four individuals founded the firm in 2009, according…
Jacob Landau’s Landau Real Estate through the entity 2160 84th Street, LLC as borrower signed an initial $7.2 million loan with the Caggiano family entity Kinsella Realty, for the 53-unit residential elevator building (D1) at 2160 84th Street in Bensonhurst, Brooklyn. On the same day, May 23, 2024, the parties completed another transaction, in which Landau paid Kinsella Realty $11.5 million for a development site…
Joel Schwartz through the entity 302 Graham Avenue L.P. as borrower signed a refi loan with lender Citibank through the entity Citi Real Estate Funding Inc. valued at $8 million for the 10-unit residential elevator building (D1) at 302 Graham Avenue in Williamsburg, Brooklyn. The deal closed on June 5, 2024 and was recorded on June 10, 2024. The prior lender was Tideway Capital Group…
Revere Capital through the entity NYC 18th Street LLC as borrower signed a refi loan with an affiliate of Revere Capital through the entity Union Square 18th Street LLC valued at $10 million for the eight-unit residential elevator building (D7) at 16 East 18th Street in Flatiron District, Manhattan. The deal closed on May 30, 2024 and was recorded on June 10, 2024. The prior…
UPDATED: Z-A Studio through the entity Z-A 10 LLC paid $2.6 million to the entity 65 Gates Avenue LLC for the four-unit building (C3) at 65 Gates Avenue in Clinton Hill, Brooklyn. The deal closed on May 17, 2024 and was recorded on June 10, 2024. The property has 4,057 square feet of built space according to a PincusCo analysis of city data. The sale…
Carlyle Group and Greenbrook Partners through the entity Townhouse Rental II, L.L.C. paid $2.6 million to Joseph Yaakovzadeh through the entity 609 Bricks LLC for the two-unit building (B3) at 350 Putnam Avenue in Bedford Stuyvesant, Brooklyn. The deal closed on June 5, 2024 and was recorded on June 10, 2024. The property has 3,208 square feet of built space according to a PincusCo analysis…
Watermark Capital Group through the entity Hillside Residence LLC as tenant signed a ground lease valued at $4.3 million with Khedouri Associates through the entity EIK Jamaica Associates, LLC as landlord, for the retail building (K1) at 159-02 Hillside Avenue in Jamaica, Queens. A PincusCo analysis of the location and lease value determines that the transaction is likely as a development site. This is Watermark…
Vadem Brodsky through the entity 39 Ventures LLC paid $4.7 million to the entity 39 S Portland Avenue LLC for the four-unit building (C3) at 39 South Portland Avenue in Fort Greene, Brooklyn. The deal closed on May 23, 2024 and was recorded on June 10, 2024. The property has 5,610 square feet of built space according to a PincusCo analysis of city data. The…
Leonard Schwartz through the entity 2151-55 LLC paid $6 million to Vladislav Marom through the entity 2151 Ocean LLC for the two adjacent buildings with a total of 24 residential units and one commercial unit, at 2151 Ocean Avenue and 2155 Ocean Avenue in Sheepshead Bay, Brooklyn. One building is a 12-unit residential elevator building (D1) at 2151 Ocean Avenue, and the other building, 2155…
Jay Group through the entity 101 Fleet Holding LLC as borrower signed a senior refi construction loan with lender Affinius Capital through the entity SM Finance III LLC valued at $100 million for the specialty building (W9) at 101 Fleet Place in Downtown Brooklyn, Brooklyn. The Commercial Observer reported the financing that has a total debt of $160 million. The deal closed on May 24,…
New York Proton Center through the entity Mm Proton I, LLC as borrower signed a refi loan with lender Nomura Holdings through the entity Nomura Securities International, Inc. valued at $150 million for the specialty medical building (I9) at 225 East 126th Street in East Harlem, Manhattan. The deal closed on May 29, 2024 and was recorded on June 7, 2024. The prior lender was…
Douglaston Development through the entity 170 East 83rd Street Owner LLC as borrower signed a construction loan with lender MSD Partners through the entity Msd Rcof Partners XC, LLC valued at $270.5 million for two properties with 89 residential units including the 89-unit residential elevator building (D6) at 170 East 83rd Street and the development site just to the south at 175 East 82nd Street…
Carlyle Group and Greenbrook Partners through the entity Townhouse Rental II, L.L.C. paid $2.5 million to Moshe Katzman and Perl Weisz through the entity 580 Fairview LLC for the four-unit building (C3) at 580 Fairview Avenue in Ridgewood, Queens. The deal closed on May 22, 2024 and was recorded on June 7, 2024. The property has 2,750 square feet of built space and 1,616 square…
Judy Swimer and Faigy Fischman through the entity Ff1632 LLC paid $5 million for the retail building (K1) at 600 Utica Avenue in East Flatbush, Brooklyn. The deal closed on May 30, 2024 and was recorded on June 7, 2024. The property has 4,000 square feet of built space and 30,339 square feet of additional air rights for a total buildable of 34,282 square feet…
Daniel Lage through the entity Prospes Management Corp. paid $5 million for the vacant site (V1) at 5200 1st Avenue in Sunset Park, Brooklyn. The property was involved in a state tax foreclosure and a Florida bankruptcy case. The sale was through the state tax foreclosure. The former owner was John A. Luhrs. The deal closed on May 31, 2024 and was recorded on June…
