Navigation Capital Group through the entity Lex 47th Property Owner LLC as borrower signed a refi loan with lender Kriss Capital through the entity Km 47th Street Us Financing Us Lp valued at $185 million for the 191-unit residential elevator building at 135 East 47th Street in Midtown East, Manhattan. The deal closed on March 27, 2024 and was recorded on April 8, 2024. The…
Gotham Organization, Christian Cultural Center, and Monadnock Development through the entity IUV Phase 1A Housing Development Fund Corporation as borrower signed a new construction loan with lender NYS Housing Finance Agency and the NYC Department of Housing Preservation and Development valued at $217.4 million for the 386-unit development at 30 Inspiration Lane in East New York, Brooklyn. The partners plan to build a 386-unit building…
Kahen Properties through the entity Gramercy Third LLC paid $3.7 million to an affiliate of Property Markets Group through the entity 194 Third Owner LLC for the four-unit mixed-use building (S4) at 194 Third Avenue in Gramercy, Manhattan. The deal closed on March 6, 2024 and was recorded on April 8, 2024. The property has 6,923 square feet of built space and 16,077 square feet…
Soon Hee Kim through the entity 398 Third Ave. LLC paid $8 million to Scott Fink through the entity 398 Third Avenue Realty LLC for the 16-unit residential walkup building (C7) at 398 Third Avenue in Kips Bay, Manhattan. The deal closed on March 29, 2024 and was recorded on April 8, 2024. The property has 12,595 square feet of built space and 17,031 square…
Hiwin Group USA through the entity HW Liberty LLC paid $21.7 million to Hidrock Properties through the entity 112 Liberty Associates LLC for the development site (V1) at 112 Liberty Street in Financial District, Manhattan. On this site there Hidrock submitted plans for a 230-unit, 92,864 square-foot hotel (R-1) building, submitted by Eddie Hidary with plans filed March 6, 2019 and permitted February 25, 2020….
LuxUrban Hotels through the entity LuxUrban RE Holdings LLC as plaintiff and master lessee of a 353-key hotel condo unit at 22 East 29th Street, currently known as the James Hotel, is disputing the status of its lease with landlord GFI Capital Resources Group. LuxUrban filed the case yesterday in New York State Supreme Court in Manhattan. Case LINK Court filings represent the position of…
The Blackstone Group through the entity SIG CRE 2023 Venture LLC, in care of its servicer Rialto Capital Advisors, alleges that RFR Holding and its principals are in default on two loans totaling $39 million. The loans are not secured by real estate, according to the suit. Blackstone filed the suit yesterday in New York State Supreme Court in Manhattan. Case LINK The now-defunct Signature…
The owner of a 4,742-square-foot townhouse at 19 East 75th Street in Lenox Hill, Manhattan, valued at $9.6 million that has a single residential unit and ground floor commercial space, filed to place it in bankruptcy to block a foreclosure auction initiated by Goodman Capital that was scheduled for April 10, 2024. Carl Thomson Jr. through the entity CLST Enterprises, LLC, filed the petition in…
Brazil’s Klein family through its Kireland Equity Investments and the entity Kireland LLC as borrower signed a refi loan with lender Citibank valued at $7.5 million for the retail condominium unit at 250 East 49th Street in Midtown East, Manhattan. The deal closed on March 25, 2024 and was recorded on April 4, 2024. The prior lender was Citibank which held debt that had an…
Stagg Group through the entity 915 Elsmere Place Bronx Associates LLC as borrower signed a refi loan with lender Berkadia Commercial Mortgage through the entity Berkadia Commercial Mortgage LLC valued at $16.8 million for the 72-unit residential elevator building (D7) at 915 Elsmere Place in West Farms, Bronx. The deal closed on March 26, 2024 and was recorded on April 5, 2024. The prior lender…
Hudson Companies through the entity Housing Is A Human Right LLC as borrower signed a new construction loan with lender Webster Bank valued at $104.5 million for a 112-unit, mixed-use project at 806 Ninth Avenue in Hell’s Kitchen, Manhattan. Hudson Companies plans to build a nine-story building with a total of 129,105 square feet, that will be divided into four condominium units. Hudson will keep…
Jin Hu through the entity 1227 Investor LLC paid $2.2 million to Church Of Grace To Fujianese through the entity The Church Of Grace To Fujianese New York Inc. for the industrial building (F5) at 1227 60th Street in Borough Park, Brooklyn. The deal closed on March 29, 2024 and was recorded on April 5, 2024. The property has 5,300 square feet of built space…
Chris Guo through the entity Sunrise 868 Broadway LLC paid $5.3 million to Douglas Dey through the entity 868 Broadway Corp. for the office condominium, unit two, at 868 Broadway in the Flatiron District, Manhattan. The building is divided into two commercial condominium units, the office condo and the retail condo. Acadia Realty Trust paid $13.5 million for the retail condo in 2013. It is…
UPDATED 1:45 p.m., June 10, 2025: The entity 177 Atlantic LLC paid $5.4 million to Henry Koon through the entity 177 Eight, LLC for the three-unit mixed-use building (S3) at 177 Atlantic Avenue in Brooklyn Heights, Brooklyn. The deal closed on March 28, 2024 and was recorded on April 5, 2024. The property has 6,250 square feet of built space according to a PincusCo analysis…
The Loketch Group through the entity 817 Classon Owner LLC paid $6 million to Solid Rock Pentecostal Church through the entity Solid Rock Pentecostal Church, Inc. for the 19 unit development site at 817 Classon Avenue in Crown Heights, Brooklyn. On the lot, there is one active new building construction project for a 19-unit, 19,928 square-foot R-2 building. The project was submitted by Loketch Group…
The Loria family’s The L Group and Salvatore Lucchese through the entity 3450 Lucc LLC and 3720 Broadway Del LLC paid $13.3 million to Keith Kurzner through the entity 34-50 28th Street Realty LLC for the 72-unit residential elevator building (D1) at 34-50 28th Street in Astoria, Queens. The deal closed on March 26, 2024 and was recorded on April 5, 2024. The property has…
Myron J. Berman through the entity Ate Kays 2 LLC as borrower signed a loan with lender Infinity Capital Partners through the entity Infinity Commercial Lending, LLC valued at $11 million for two residential elevator properties with 41 residential units including the 22-unit residential elevator building (D3) at 178 East 117th Street in East Harlem, Manhattan and 19-unit residential elevator building (D1) at 160 East…
Nalcorp through the entity 880 Dekalb LLC as borrower signed a refi loan with lender Bank of Montreal through the entity Bank Of Montreal valued at $14 million for two properties with 47 residential units including the 41-unit residential elevator building (D1) at 876 Dekalb Avenue in Bedford Stuyvesant, Brooklyn and six-unit residential walkup building (C2) at 374 Kosciuszko Street in Bedford Stuyvesant, Brooklyn. The…
Lalmir Sultanzada paid $5.97 million to Fortuna Realty Group for two buildings in the Bronx, one at 2809 3rd Avenue in Mott Haven and the other at 304 East 173rd Street in Claremont Village. The deal was made in two separate transactions. In the first, Lalmir Sultanzada through the entity 2809 Third Realty LLC paid $3.1 million to Fortuna Realty Group through the entity 2809…
New Jersey-based industrial company S-Platform through the entity S-Platform HQ LLC paid $5.5 million to Angelo Sperrazza and Richard Schiller for the three-unit mixed-use building (S3) at 154 Ninth Avenue in Chelsea, Manhattan. The deal closed on March 14, 2024 and was recorded on April 4, 2024. The property has 4,424 square feet of built space and 1,054 square feet of additional air rights for…
