Yitzchok Schwartz through the entity Vernon Plaza II LLC paid $3.6 million to Qian Yun Chen through the entity Fine Way Inc. for the development building (V0) at 376 Vernon Avenue in Bedford Stuyvesant, Brooklyn. The deal closed on May 23, 2024 and was recorded on May 30, 2024. The property has zero square feet of built space and 16,998 square feet of additional air…
Zelig Weiss through the entity 545 Coney Island LLC paid a total of $9.6 million in two transactions for three tax parcels that make up the land for a previously disclosed 72-unit development with the address 545 Coney Island Avenue. In the larger transaction, Weiss paid $7.6 million to Leon Perlmutter through the entity Jenium LLC for the retail building (K1) at 547 Coney Island…
Yong Hong Guan through the entity 347 Lorimer St Partners, LLC paid $15 million to Morgenstern Capital through the entity 347/1381 Fee Owner LLC for the 18-unit residential elevator building (D1) at 347 Lorimer Street in Williamsburg, Brooklyn. The deal closed on May 17, 2024 and was recorded on May 30, 2024. The property has 25,777 square feet of built space according to a PincusCo…
Frank Wong through the entity Wong Brothers’ Realty Inc. paid $21.4 million to United Construction & Development Group and Ki Tai Yeung through the entity Court Square Tower LLC for 13 unsold residential condominium units at the 802-unit Skyline Tower 23-15 44th Drive in Long Island City, Queens. This appears to be part of three related transactions, all with the same contract date of December…
Lender Fannie Mae filed a $13.5 million pre-foreclosure action yesterday in U.S. District Court in Manhattan alleging a 2016 loan secured by an 88-unit building at 248 West 72nd Street in Lincoln Square, owned by members of the Ohebshalom family, was in a maturity default. Case 1:24-cv-04135 LINK Fannie Mae alleges the loan was not repaid after maturing on March 1, 2024. The lender sent…
The Research Foundation of The City University of New York through the entity 230 West 31st Street LLC as borrower signed a refi loan with lender BankUnited valued at $70 million for the office building (O4) at 230 West 41st Street in Garment District, Manhattan. The deal closed on May 13, 2024 and was recorded on May 29, 2024. The prior lender was Voya Financial…
Affinius Capital through the entity QSB Northern LLC as borrower signed a refi loan with lender Deutsche Bank and Societe Generale through the entity German American Capital Corporation valued at $217 million for the 467-unit residential building with retail at 29-22 Northern Boulevard in Long Island City, Queens. The deal closed on May 22, 2024 and was recorded on May 29, 2024. The prior lender…
Michael Rothstein through the entity 2303 Clarendon Road Associates, LLC paid $1.3 million to Martin Kirzner through the entity Brooklyn Q & H LLC for the 16-unit residential walkup building (C1) at 2303 Clarendon Road in Flatbush, Brooklyn. The deal closed on May 16, 2024 and was recorded on May 29, 2024. The property has 13,036 square feet of built space according to a PincusCo…
Joel Biner through the entity Ny&B Builders BR LLC paid $2 million to Parag Mehta through the entity PM Ang 1646, LLC for the development parcel (V0) at 1646 University Avenue in Morris Heights, Bronx. On the lot, there is one active new building construction project for a 43-unit, 26,996 square-foot R-2 building. The project was submitted by Rupa Mehta with plans filed June 15,…
Howard Rich through the entity 1557 Lex TIC LLC paid $5.8 million to James R. Maher Jr. through the entity 1557 Lexington Ave LLC for the seven-unit residential walkup building (C7) at 1557 Lexington Avenue in East Harlem, Manhattan. The deal closed on May 15, 2024 and was recorded on May 29, 2024. The property has 8,840 square feet of built space according to a…
The nonprofit Urban Resource Institute through the entity Pals Place Housing Development Fund Corporation paid $16.8 million to an affiliate of Heights Advisors through the entity Dream 123 LLC for the 34-unit residential elevator building (D3) at 1317 New York Avenue in East Flatbush, Brooklyn. The deal closed on May 8, 2024 and was recorded on May 29, 2024. The property has 31,174 square feet…
Brodsky Organization through the entity Beaux Arts II LLC as borrower signed a refi loan with lender Bank of New York Mellon valued at $19 million for the 312-unit residential elevator building (D6) at 307-317 East 44th Street in Turtle Bay, Manhattan. The deal closed on May 22, 2024 and was recorded on May 28, 2024. The prior lender was M&T Bank which held debt…
Hudson Companies through the entity Riverwalk Landing, LLC as borrower signed a refi loan with lender Emerald Creek Capital through the entity Emerald Creek Capital 3, LLC valued at $21.8 million for 4 commercial and 37 residential condominium units at 425 Main Street in Roosevelt Island, Manhattan. The deal closed on May 10, 2024 and was recorded on May 28, 2024. The prior lender was…
Rubin Equities through the entity 89 Ave Holdings LLC as borrower signed a refi loan with lender Citibank through the entity Citi Real Estate Funding Inc valued at $28 million for the new construction 69-unit rental at 148-15 89th Avenue in Jamaica, Queens. On the lot, there is one active new building construction project for a 69-unit, 46,876 square-foot residential (R-2) building. The project was…
Leonardo Prainito through the entity MCN Astoria LLC paid $3.1 million to Gus Kodogiannis through the entity Barbmari, Inc for the 20-unit residential walkup building (C1) at 32-52 41st Street in Astoria, Queens. The deal closed on May 13, 2024 and was recorded on May 28, 2024. The property has 9,880 square feet of built space according to a PincusCo analysis of city data. The…
The entity 316 W51st Ts L.L.C. in care of Eiichiro Kobayashi’s Maverick Properties, paid $5.4 million to Icon Realty Management through the entity 316 West 51 Realty LLC for the nine-unit residential walkup building (C4) at 316 West 51st Street in Hell’s Kitchen, Manhattan. The deal closed on May 15, 2023 and was recorded on May 28, 2024. The property has 7,605 square feet of…
Yacov Smouha through the entity CSP Properties LLC paid $16 million to Dorothy W. Lu through the entity 78 Walker LLC for the mixed-use building (K4) at 78 Walker Street in Chinatown, Manhattan. The deal closed on May 15, 2024 and was recorded on May 28, 2024. The property has 41,200 square feet of built space according to a PincusCo analysis of city data. The…
Florida-based TZ Capital through the entity Tz 680 Madison Owner LLC paid $180 million to Thor Equities and CenterSquare Investment Management through the entity Thor 680 Madison Ave LLC for the 34,000 square feet of retail unit at the base of the Carlton House condop at 680 Madison Avenue in Lenox Hill, Manhattan. The deal closed on May 21, 2024 and was recorded on May…
Hiwin Group USA through the entity HW W 54th Street LLC paid $21 million to Gerald Shallo through the entity Minerva 54 Realty Co., LLC for the 28,325-square-foot retail (K4) building at 238-240 West 54th Street in Midtown West, Manhattan. Based on the sale price, it’s possible this is a development site purchase. The deal closed on May 21, 2024 and was recorded on May…
Elizabeth McDonald through the entity 387 Kings Highway LLC as borrower signed a refi loan with lender Interaudi Bank through the entity Interaudi Bank valued at $6 million for two properties including the retail and commercial condominium units at 408 Greenwich Street in Tribeca, Manhattan. The ground floor retail unit has 3,791 square feet and and the second floor commercial unit has 3,482 square feet….
