Jasmin Patel through the entity LIC Investors I LP paid $40.5 million to Sam Chang’s McSam Hotel Group through the entity Hkoq LLC for the newly built, 181-unit hotel building (H3) at 38-04 11th Street in Long Island City, Queens. This is a new building construction project for a 181-unit, 53,606 square-foot hotel (R-1) building. The project was submitted by McSam Hotel Group and filed…
Aron Schwartz through the entity 2667 Fulton LLC as borrower signed a new construction loan with lender Golden Bridge Funding through the entity Golden Bridge R2 LLC valued at $33 million for the 110-unit, 77,469-square-foot residential (R-2) at 96 Vermont Street with an alternate address of 2667 Fulton Street in Cypress Hills, Brooklyn. The deal closed on March 25, 2024 and was recorded on March…
Hudson Companies through the entity Nostrand Green LLC as borrower signed a new construction loan with lender Santander Bank valued at $85 million for the development building (V1) at 975 Nostrand Avenue in Crown Heights, Brooklyn. On the lot, there is one active new building construction project for a 178-unit, 183,182 square-foot residential (R-2) building. The project was submitted by Hudson Companies and filed by…
Perry Petsanas through the entity 2392 Realty LLC paid $2.9 million to Dennis Augoustatos and Katherine Stavrianopoulos through the entity Dalpha Holdings LLC for the eight-unit residential walkup building (C7) at 23-92 37th Street in Ditmars Steinway, Queens. The deal closed on March 19, 2024 and was recorded on March 27, 2024. The property has 7,284 square feet of built space according to a PincusCo…
Ablatos LLC through the entity 4 West 90 Ablatos LLC paid $6.4 million to Pine Management for the 10-unit residential elevator building (D3) at 4 West 90th Street in Upper West Side, Manhattan. The deal closed on March 20, 2024 and was recorded on March 27, 2024. The property has 7,754 square feet of built space and 11,357 square feet of additional air rights for…
Jasper Johns battles Ian Schrager over hotelier’s West Village office lease: The iconic post-war painter and sculptor Jasper Johns, now 93, is in a tussle with another high-profile individual, the ground-breaking hotel developer Ian Schrager. Schrager, now 77, has leased office space at 818 Greenwich Street since 2005, and after lease modification and extensions, the term ended December 31, 2023, the complaint says. Court records…
Charney Companies through the entity 99 Claremont Owner LLC paid $38 million to the Riverside Church in the City of New York through the entity TRC Cornerstone LLC for the 44-unit residential building at 97-101 Claremont Avenue in Morningside Heights, Manhattan. This property is adjacent to the Riverside Church house of worship. The Riverside Church bought the dorm from the Union Theological Seminary in 2018…
Shaye Stuhl through the entity 217 South 3 LLC paid $2.9 million to Paula Hernandez through the entity Paula Hernandez, As Trustee for the 15-unit residential walkup building (C7) at 217 South 3rd Street in Williamsburg, Brooklyn. The deal closed on March 1, 2024 and was recorded on March 27, 2024. The property has 14,375 square feet of built space according to a PincusCo analysis…
GO-RE Partners through the entity GRFO 992 Amsterdam LLC as borrower signed a refi loan with lender Greystone & Co. through the entity Greystone Servicing Company LLC valued at $11.7 million for two properties with 43 residential units including the 28-unit residential elevator building (D7) at 992 Amsterdam Avenue in Upper West Side, Manhattan and 15-unit residential walkup building (C7) at 998 Amsterdam Avenue in…
Royal Companies through the entity Royal Cp Hotel Holdings, L.P. as borrower signed a new construction loan with lender International Bank of Chicago valued at $23 million for the 114-unit hotel project at 25-10 42nd Road in Long Island City, Queens. The parcel has an alternate address of 42-31 Crescent Street. Mason Chen of Greenpoint Construction Corp. submitted a new building construction project for a…
Cosmetic dentist Jonathan B. Levine through the entity 55 Warren JBL LLC paid $2 million to James Brett Jordan through the entity 55 Warren LLC for the retail condo at 55 Warren Street in the Financial District, Manhattan. The deal closed on March 13, 2024 and was recorded on March 26, 2024. The property has 2,298 square feet of built space according to a PincusCo…
Alexander Wong Jr. paid $2 million to Sai-Pei Ting, Sai-Ping Ting, and Te-Ping Ma for a 62.5 percent stake in the 11-unit residential walkup building (C1) at 41-45 149th Street in Flushing, Queens. Christina Ting owns the remaining 37.5 percent stake in the property. The deal closed on March 12, 2024 and was recorded on March 26, 2024. The property has 6,931 square feet of…
Daniel Group through the entity Throop LLC paid $7.5 million to Hemalatha Sabapathy through the entity Velan Partners, L.P. for the retail buildings (K1) at 175-06 Hillside Avenue, at 175-06 175th Street and 87-17 175th Street, as well as adjacent parking space, in Jamaica, Queens. The buyer plans to redevelop the site, according to a source familiar with the transaction. The deal closed on March…
The entity 141 Ross Realty LLC paid $8 million to United Munkacser Yeshivos for the 22-unit residential walkup building (C7) at 141 Ross Street in Williamsburg, Brooklyn. Hershel Silberstein and Joel Landau are identified as owners who have filed plans for the building. The deal closed on March 22, 2024 and was recorded on March 26, 2024. The property has 20,800 square feet of built…
GDS Development and Sabal Investment Holdings through the entity Apex Owner NY LLC acquired an interest valued at $82.6M in the office condominium unit at 142 West 57th Street in Midtown West, Manhattan. The former owner of the property was Mitsubishi Corporation which owned it through a BentallGreenOak fund in a joint venture with L&L Holding Company, through the entity Go-Ll Met Tower JV LLC….
Arcus Development through the entity Astor Nine LLC paid $14 million to David Berley’s Walter & Samuels through the entity Penber 9th Street Garage LLC for the industrial building (G1) at 220 East 9th Street in East Village, Manhattan. This is Walter & Samuels’ second sale closed this month. The deal closed on March 1, 2024 and was recorded on March 26, 2024. The property…
A7p Trust Company Inc, Trustee paid $50.6 million to Vlad Doronin and Shvo through the entity 730 Fifth Upper, LLC for the condominium unit 23A at 730 Fifth Avenue in the Plaza District, Manhattan. The deal closed on March 20, 2024 and was recorded on March 25, 2024. Direct link to Acris document. link Paul Giddins As Trustee paid $19.5 million to James E. Wei,…
JY Capital Group through the entity Straits of JY Inc. bought a note with an original principal of $8.5 million from Thota Nagaraja secured by Osman Bessa’s office building (O5) at 33 West 26th Street in NoMad, Manhattan and four-unit mixed-use building (S4) at 35 West 26th Street in NoMad, Manhattan. The deal closed on March 20, 2024 and was recorded on March 25, 2024….
Madison International Realty through the entity Atlantic Center Fort Greene Associates, LLC as borrower signed a refi loan with lender Voya Investment Management valued at $69 million for two properties including the mixed-use building (K6) at 625 Atlantic Avenue in Fort Greene, Brooklyn and specialty building (Z7) at N/A Fort Greene Place in Fort Greene, Brooklyn. The deal closed on March 18, 2024 and was…
RW Real Estate Group through the entity 2260 Morris LLC paid $1.9 million to Anthony S. Fontana through the entity 2260 Morris Ave. Realty Corp. for the retail building (K1) at 2260 Morris Avenue in Fordham Heights, Bronx. The deal closed on March 11, 2024 and was recorded on March 25, 2024. The property has 6,068 square feet of built space and 30,611 square feet…
