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…
Mehrdad Lavian and Edmond Yazdan through the entity 1556 Fulton Street Bricks LLC paid $2.5 million to Magnetar Financial through the entity Chondrite REO (5) Inc. for the six-unit property at 1556 Fulton Street in Bedford Stuyvesant, Brooklyn. The deal closed on March 22, 2024 and was recorded on April 12, 2024. The property has 6,470 square feet of built space according to a PincusCo…
Greenbrook Partners and Carlyle Group through the entity Townhouse Rental II, L.L.C. paid $2.8 million to Joseph Yaakovzadeh through the entity Mac Bricks LLC for the four-unit property at 157A Madison Street in Bedford Stuyvesant, Brooklyn. The deal closed on April 11, 2024 and was recorded on April 12, 2024. The property has 2,052 square feet of built space according to a PincusCo analysis of…
Maurice Kohan of 111 Enterprises Group LLC paid $5.7 million to West 111th Street Rehab Associates L.P. for the 18-unit property at 204 West 111th Street, the 18-unit property at 208 West 111th Street, and the 18-unit property at 240 West 111th Street, in Harlem, Manhattan. The deal closed on March 28, 2024 and was recorded on April 12, 2024. The three properties have 43,554…
Matthew Scherr through the entity Stillwell 86 Associates LLC paid $6.2 million to Eleanor Gatto’s Elgat LLC for the retail property at 2601 86th Street in Gravesend, Brooklyn. The deal closed on March 28, 2024 and was recorded on April 12, 2024. The property has 10,266 square feet of built space according to a PincusCo analysis of city data. The sale price per built square…
Johann Killinger paid $10.4 million to Candace E. Dyal through the entity Daring Greatly LLC for the six-unit property at 41 West 87th Street in Upper West Side, Manhattan. The deal closed on April 1, 2024 and was recorded on April 12, 2024. The property has 6,420 square feet of built space according to a PincusCo analysis of city data. The sale price per built…
Jacob Lunger and others through the entity 44 Remsen Ave LLC paid $11.4 million to long-time cab medallion owners Lawrence Pross and Sophie Pross through the entity Inglary Inc. for the property at 465 Utica Avenue in East Flatbush, Brooklyn, property at 44 Remsen Avenue in East Flatbush, Brooklyn, and parking lot on East 51st Street in East Flatbush, Brooklyn. The properties are all adjacent…
UPDATED: Victor Sismanoglou of Vima Property Group through the entity 140th Street Realty LLC acquired an interest from Lemor Development Group through the entity Fs 140th LLC valued at $12.6M for 51-unit property at 2394 Adam C Powell Boulevard, 18-unit property at 224 West 140th Street, the 18-unit 226 West 140th Street and 18-unit property at 228 West 140th Street in Harlem, Manhattan. The deal…
Moses Karpen through the entity 141 Ross Street Holdings LLC paid $14.6 million to the entity 141 Ross Realty LLC for the 22-unit property at 141 Ross Street in Williamsburg, Brooklyn. Moses Karpen has been an active buyer and developer in Brooklyn over the past several years. The deal closed on April 9, 2024 and was recorded on April 12, 2024. The property has 20,800…
Connecticut-based Ellington Management Group through the entity EMG Transfer Agent LLC bought a note with an original principal of $23.4 million from Flagstar Bank secured by Filippo Milio’s 24-unit walkup (C7) at 556 West 181st Street, the 13-unit walkup (C7) at 558 West 181st Street and the 16-unit walkup (C7) at 569 West 181st Street in Washington Heights, Manhattan. The deal closed on March 22,…
Nabil Chartouni through the entity Lowell Hotel Properties LLC as borrower signed a refi loan with lender Bank of America valued at $16 million for the Lowell Hotel building (H1) at 28 East 63rd Street in Lenox Hill, Manhattan. The deal closed on April 10, 2024 and was recorded on April 11, 2024. The property has 69,725 square feet of built space according to a…
Solomon Schwimmer through the entity Madison Heights NY LLC as borrower signed a refi loan with lender Bank of Princeton valued at $17 million for the 38-unit residential elevator building (D6) at 650 Madison Street in Bedford Stuyvesant, Brooklyn. The deal closed on March 28, 2024 and was recorded on April 11, 2024. The prior lender was S3 Capital which held debt that had an…
Brookbridge Developers through the entity 108 North 7th LLC paid $2.7 million to L3 Capital through the entity L3 108 N 7 LLC for the mixed-use building (K4) at 108 North 7th Street in Williamsburg, Brooklyn. The deal closed on March 27, 2024 and was recorded on April 11, 2024. The property has 2,450 square feet of built space and 302 square feet of additional…
Mei Dan Wang and Sheng Wang through the entity Dean & Smith Realty LLC paid $3.1 million to Jackson Group through the entity 133 Smith Street LLC for the two-unit property at 133 Smith Street in Boerum Hill, Brooklyn. The deal closed on April 3, 2024 and was recorded on April 11, 2024. The property has 3,250 square feet of built space according to a…
Zev Mayer through the entity 6014 B LLC paid $7.8 million to Rajive Maret through the entity 2769 Creston Ave LLC for the development site at 60-14 Beach Channel Drive in Arverne, Queens. On the lot, there is one active new building construction project for a 101-unit, 74,849 square-foot R-2 building. The project was submitted by Matthew Ahdoot with plans filed July 11, 2022 and…
Italian eye glasses conglomerate EssilorLuxottica, better known as Luxottica, through the entity EssilorLuxottica USA Inc., paid $13.8 million to wholesaler Argento SC through the entity 420 JS, LLC for the 15th floor office condo at 420 Fifth Avenue in Grand Central, Manhattan. The seller bought the unit in 2018 for $18.7 million. Luxottica owns brands such as Ray-Ban and Oakley and is the licensee for…
Derby Copeland Capital paid $39.1 million to Page Management for a walkup in SoHo at 188-192 Sixth Avenue, and an elevator building in Greenwich Village at 82 Washington Place, part of a deal totaling $60 million. The parties on April 11 recorded the transfers of 255 West 15th Street, 253 West 15th Street and 236 West 15th Street with a total of 75 units for a…
Grid Group through the entity Loves Lane Owner LLC as borrower signed a refi loan with lender Deutsche Bank valued at $66.8 million for the industrial building (G1) at 142 West 21st Street in Chelsea, Manhattan. On the lot, there is one active major alteration construction project for a 22-unit, 61,256 square-foot R-2 building. The project was submitted by Yiannes Einhorn with plans filed August…
Vaya Development through the entity 1940 Jerome Ave Holdings LLC as borrower signed a new construction loan with lender NYS Housing Finance Agency and NYC Department of Housing Preservation and Development valued at $65.6 million for the 114-unit development at 1940-1942 Jerome Avenue in Mt Hope, Bronx. On the lot, there is one active new building construction project for a 114-unit, 77,855 square-foot, affordable residential…
Azimuth Development Group through the entity East 158th Street Affordable Owners LLC as borrower signed a new construction loan with lender NYS Housing Finance Agency and the NYC Department of Housing Preservation and Development valued at $68.9 million for two properties, in Melrose, the Bronx, at 450 East 158th Street in Melrose, Bronx and 407-409 East 158th Street. On these lots, there are two active…
