UPDATED, 8:40 a.m., April 18, 2024: Victor Sigoura’s Legion Investment Group, which recently purchased an assemblage of properties in Gramercy, paid $87.4 million for a stalled development site in Chelsea with the address 540 West 21st Street. Legion bought the site through the entity 550W21 Owner LLC. Casco Development placed into bankruptcy last year in an effort to sell the property. At the time, the…
UPDATED: Spear Street Capital through the entity 2 Crosby Owner LLC as borrower signed a initial loan with lender Voya Investment Management through the entity Security Life of Denver Insurance Company valued at $21.8 million for the office building (O5) at 2 Crosby Street also known as 30-32 Howard Street in SoHo, Manhattan. The deal closed on April 11, 2024 and was recorded on April…
J&J Farms Creamery through the entity J&J Maspeth Owner LLC as borrower signed a refi loan with lender Israel Discount Bank valued at $22.5 million for the industrial building (E1) at 57-48 49th Place in Maspeth, Queens. The deal closed on March 29, 2024 and was recorded on April 16, 2024. The prior lender was Alma Bank which held debt that had an original loan…
Century Development Group through the entity 90 Ave Realty De LLC as borrower signed a refi loan with lender Bravo Capital through the entity Bravo Capital LLC valued at $29.7 million for the 90-unit residential elevator building (D1) at 148-31 90th Avenue in Jamaica, Queens. The deal closed on April 8, 2024 and was recorded on April 16, 2024. The prior lender was MF1 Capital…
Greenbrook Partners and Carlyle Group through the entity Townhouse Rental II, L.L.C. paid $2 million to Steven Kordvani through the entity Bushwick 1273 LLC for the three-unit building (C0) at 1273 Bushwick Avenue in Bushwick, Brooklyn. The deal closed on April 12, 2024 and was recorded on April 16, 2024. The property has 3,000 square feet of built space and 880 square feet of additional…
Slope Asset Management through the entity 1671 Eighth Bk, LLC paid $2 million to Ludovik Benedek through the entity 1671 Associates LLC for the six-unit residential walkup building (C2) at 1671 8th Avenue in South Slope, Brooklyn. The deal closed on April 8, 2024 and was recorded on April 16, 2024. The property has 3,750 square feet of built space according to a PincusCo analysis…
Ylber Zharku and Arben Zharku through the entity 21-45 23rd Street LLC paid $2.8 million to Larry Altschul through the entity P. Altschul Realty LLC for the 16-unit residential walkup building (C1) at 21-45 23rd Street in Ditmars Steinway, Queens. The deal closed on April 4, 2024 and was recorded on April 16, 2024. The property has 12,320 square feet of built space according to…
Elie Mizrahi, Solomon Mizrahi, and Victor Mizrahi through the entity 2559miz LLC paid $3.4 million to the estate of Sidney Blank through the entity Town Hall Realties for the specialty building (W3) recently used as an adult day care at 2559 West 13th Street in Gravesend, Brooklyn. The deal closed on March 28, 2024 and was recorded on April 16, 2024. The property has 6,570…
Fuxing Lin through the entity WKN Realty LLC paid $4.5 million to Yik Pui Kong through the entity Wing Kei Property Inc. for the industrial building (F9) at 102 Canal Street in Chinatown, Manhattan. The deal closed on March 26, 2024 and was recorded on April 16, 2024. The property has 8,758 square feet of built space according to a PincusCo analysis of city data….
The entity Sutter Houses LLC, with an address at Truman Management, acquired an interest from the entity Sutter Houses Holdco LLC valued at $14.7M for 39-unit residential walkup building (C1) at 701 Ralph Avenue in Brownsville, Brooklyn, 39-unit residential walkup building (C1) at 29 Sutter Avenue in Brownsville, Brooklyn, and 25-unit residential walkup building (C1) at 32 Sutter Avenue in Brownsville, Brooklyn. This is an…
An affiliate of the diamond dealing Alishaev family, through the entity Queens Blvd 104 LLC, paid $25 million to long-time owners of the retail shopping center (K1) at 104-15 Queens Boulevard in Forest Hills, Queens. The Alishaev family is also closely connected with Beth Gavriel Bukharian Congregation, which the family co-founded. The deal closed on April 10, 2024 and was recorded on April 16, 2024….
Beitel Group through the entity 120 East 144 Owner, LLC as borrower signed a refi loan with lender Slate Property Group through the entity Scale 144th Mott Haven LLC valued at $32.4 million for the industrial building (E1) at 120 East 144th Street in Mott Haven, Bronx. On the lot, there is one active new building construction project for a 470-unit, 306,893 square-foot R-2 building….
The Pomeranc brothers’ Sixty Hotels through the entity 308 West 58 LLC as borrower signed a refi loan with lender Bank of Montreal valued at $23.8 million for the Six Columbus hotel building (HB) at 308 West 58th Street in Hell’s Kitchen, Manhattan. The deal closed on April 4, 2024 and was recorded on April 15, 2024. The prior lender was Provident Bank which held…
UPDATED 10:10 a.m, January 16, 2025: The entity 177 Chrystie Street LLC paid $4.5 million to Sam Chien through the entity Sm 177 Chrystie LLC for the 20-unit residential walkup building (C7) at 177 Chrystie Street in Lower East Side, Manhattan. The deal closed on April 9, 2024 and was recorded on April 15, 2024. The property has 13,635 square feet of built space and…
The Altneu synagogue through the entity Altneu Building LLC paid $34.5 million to the nonprofit Visiting Nurse Service of New York for the office building (O2) at 107 East 70th Street in Lenox Hill, Manhattan. Len Blavatnik’s Access Industries provided a $10 million mortgage for the acquisition. The deal closed on March 29, 2024 and was recorded on April 15, 2024. The property has 17,726…
UPDATED 7:20 a.m., May 23, 2024: The Self Reliance (NY) Federal Credit Union, which describes itself as “the oldest and largest Ukrainian Credit Union in the world, with over $1 billion in assets,” signed a $7.4 million contract to buy 110 Second Avenue, a red brick, 5,476-square-foot commercial building in the East Village, Manhattan, adjacent to its own headquarters at 108 Second Avenue. The credit…
Lender Valley National Bank filed a $13 million pre-foreclosure case in New York State Supreme Court in Manhattan yesterday, alleging a loan Bank Leumi provided with an original principal of $13 million and secured by a six-unit new construction condominium project at 534 West 29th Street, was in a maturity default. The developer of the project is the Israel-based LENY Group, led by Rudy Gabsi,…
Feiner Grant Strategies through the entity Universal Communications Network Inc. paid $31 million to Queens-based landlord Samson Management through the entity 129 West 29th Street LLC for the office building (O6) at 129 West 29th Street in Chelsea, Manhattan. The deal closed on April 5, 2024 and was recorded on April 15, 2024. The property has 85,869 square feet of built space according to a…
Bruman Realty through the entity 4th Street Developments LLC as borrower signed a loan with lender Citibank through the entity Citi Real Estate Funding Inc, valued at $41 million for the 99-unit building at 26-30 4th Street in Astoria, Queens. The deal closed on April 10, 2024 and was recorded on April 12, 2024. The owner bought the property on January 17, 2019, for $11.5…
Tokyu Land Corporation, L&L Holding Company and BentallGreenOak through the entity 425 Park F&B LLC as borrower signed a loan with lender Sumitomo Mitsui Trust Bank valued at $484 million for the office tower at 425 Park Avenue in Midtown East, Manhattan. This is part off a $911 million refinance according to Bloomberg. Tenants in the building include hedge fund Citadel and private equity firm…
