Carlyle Group through the entity 72 Caton Place Owner, L.L.C. as borrower signed a refi loan with lender Prudential Financial through the entity PGIM Real Estate U.S. Debt Fund REIT, LLC valued at $18 million for the storage building (E7) at 72 Caton Place in Windsor Terrace, Brooklyn. The deal closed on March 27, 2024 and was recorded on April 1, 2024. The prior lender…
Developer Artifact and real estate investor Ashok Khubani through the entity 1861 Amsterdam Avenue LLC paid $1.8 million to Jose Caseres through the entity 1873 Amsterdam Realty Corp. for the two-unit mixed-use building (S2) at 1873 Amsterdam Avenue in Harlem, Manhattan. The deal closed on March 25, 2024 and was recorded on April 1, 2024. The property has 1,872 square feet of built space and…
Raymond Aboody, Sabah Shemel, and Danny Mashal through the entity Essex Properties II LLC (and others) paid $6.2 million to Partners Path through the entity 238 North Fifth Owner LLC for the eight-unit residential walkup building (C1) at 238-240 North Fifth Street in Williamsburg, Brooklyn. The deal closed on March 28, 2024 and was recorded on April 1, 2024. The property has 6,232 square feet…
Gotham Organization as the beneficial owner in a joint venture with the Christian Cultural Center and Monadnock Development through the entity IUV Phase 1A Housing Development Fund Corporation acquired a parcel valued at $13.9 million from the Christian Cultural Center through the entity Urban Living Alternatives, LLC, a 12120 Flatlands Avenue in East New York, Brooklyn. The partners plan to build a 386-unit building on…
Charney Companies through the entity 99 Claremont Owner LLC as borrower signed a rehab construction loan with lender Madison Realty Capital through the entity 99 Claremont Ave 1 LLC valued at $49.5 million for the 44-unit specialty building (W7) at 97 Claremont Avenue in Morningside Heights, Manhattan. The deal closed on March 18, 2024 and was recorded on March 29, 2024. The property has 78,397…
A joint venture composed of BEB Capital, SK Development, Totem, and Ofer Cohen through the entity 745 4th Avenue, LLC as borrower signed a new construction loan with lender Canyon Partners and JPMorgan Chase through the entity Cred III-SL Acquisition LLC valued at $96 million for the 187-unit mixed-use project at 737 4th Avenue in Sunset Park, Brooklyn. On the lot, there is one active…
Pistilli Realty through the entity 228 West 4th Owners Corp. (and others) as borrower signed a cross-collateralization agreement with lender Flagstar Bank valued at $157.7 million for 17 properties with 925 residential units including the 233-unit residential elevator building (D3) at 47-30 59th Street in Woodside, Queens, 126-unit residential elevator building (D1) at 140-59 Ash Avenue in Flushing, Queens, and 96-unit residential elevator building (D7)…
Raisner Group through the entity 453 Irving Ave, LLC paid $1.99 million to Jose Figuereo through the entity 453 Irving Realty LLC for the six-unit residential walkup building (C2) at 453 Irving Avenue in Bushwick, Brooklyn. The deal closed on March 14, 2024 and was recorded on March 29, 2024. The property has 4,285 square feet of built space and 323 square feet of additional…
Rajeev Kumar Goyal through the entity IX Estate, LLC paid $3 million to City Line Properties Development through the entity Maycan Homes LLC for the three-family building (C0) at 226 Macon Street in Bedford Stuyvesant, Brooklyn. The deal closed on February 29, 2024 and was recorded on March 29, 2024. The property has 3,696 square feet of built space according to a PincusCo analysis of…
UPDATED 4:15 p.m., February 25, 2025: The entity 23-10 44th Drive LLC in care of the lender Rosenthal & Rosenthal, acquired through a $4.7 million deed-in-lieu of foreclosure from Shafquat Chaudhary through the entity Soundview R.E., LLC, the retail building (K1) at 23-10 44th Drive in Long Island City, Queens. The price per foot indicates it is a likely development site. The deal closed on…
Dovid Katz through the entity 556 Crown St LLC paid $5 million to the women’s yeshiva Machon Chana Women’s Institute for the 29-unit residential walkup building (C7) at 556 Crown Street in Crown Heights, Brooklyn. The property is the address for the school on its website. The deal closed on March 25, 2024 and was recorded on March 29, 2024. The property has 36,000 square…
Edward Ostad paid $21.9 million to entities affiliated with Danielle Downing that owned four walkup buildings in Manhattans. The properties were sold in four separate transaction and are 746 Ninth Avenue in Hell’s Kitchen, 1732 Second Avenue in Yorkville, 723 11th Avenue in Hell’s Kitchen and 714 Greenwich Street in the West Village. The buyer financed the purchases with a $14.5 million loan which Amalgamated…
The Brodsky Organization paid $12.4 million to Quinlan Development Group for retail condominium units at 25 West Houston Street in SoHo and 456 West 19th Street in Chelsea in two separate transactions. In the larger sale, the Brodsky Organization through the entity The Beaumont Company LLC paid $8.8 million to Quinlan Development Group through the entity 25 Houston LLC for two retail condo units at…
The nonprofit Fortune Society as borrower signed a new construction loan with lender JPMorgan Chase and NYS Homeless Housing and Assistance Corporation valued at $31 million for the development at 107 East 123rd Street in East Harlem, Manhattan. On the lot, there is one active new building construction project for a 82-unit, 55,051 square-foot residential (R-2) building. The project was submitted by NYC Department of…
Kings Capital through the entity 43 West 8th LLC paid $4.1 million to Grundwerg Family LP through the entity Sandy Realty, LLC for the six-unit mixed-use building (S5) at 43 West 8th Street in Greenwich Village, Manhattan. The deal closed on March 25, 2024 and was recorded on March 28, 2024. The property has 6,729 square feet of built space and 691 square feet of…
Yuval Jacob through the entity Y J Management LLC paid $7 million to Hidrock Properties through the entity 192 Ppw LLC for the retail building (K1) at 192 Prospect Park West in South Slope, Brooklyn. The deal closed on March 22, 2024 and was recorded on March 28, 2024. The property has 4,200 square feet of built space and 8,707 square feet of additional air…
Jiazong Zhou through the entity 129 31st St LLC paid $7.8 million to Charles Safdiah, Joyce Safdiah, David Safdiah, Jamie Safdiah, Morris Safdiah, and Alan Safdiah for the industrial building (E1) at 129 31st Street in Greenwood Heights, Brooklyn. The deal closed on March 21, 2024 and was recorded on March 28, 2024. The property has 15,900 square feet of built space and 14,100 square…
Christopher Skrelja through the entity Chittenhurst, LLC paid $8 million to the family of Bella Gordon Bankoff through the entity 186-196 Pinehurst Avenue Corporation for the 65-unit residential elevator building (D1) at 186-196 Pinehurst Avenue in Washington Heights, Manhattan. The deal closed on March 26, 2024 and was recorded on March 28, 2024. The property has 65,352 square feet of built space according to a…
Jingling Tan through the entity 90 Ludlow Real Estate LLC paid $8.5 million to Vivien Lau and Shuk Yin Wong through the entity S&L Ludlow Realty Inc. for the office building (O5) at 90 Ludlow Street in Lower East Side, Manhattan. The deal closed on March 6, 2024 and was recorded on March 28, 2024. The property has 18,319 square feet of built space according…
Mark Koplowitz through the entity Markland 18 LLC paid $10.6 million to Conway Capital through the entity Atlantic Avenue Portfolio CC LLC for the eight-unit residential walkup building (C7) at 218 Atlantic Avenue in Boerum Hill, Brooklyn. The deal closed on March 20, 2024 and was recorded on March 28, 2024. The property has 13,112 square feet of built space and 313 square feet of…
