Daphne Konstantinides through the entity Elpida Properties LLC paid $5 million to Ronald M. Sherman through the entity Cmt Properties, LLC for the industrial building (G2) at 42-32 21st Street in Long Island City, Queens. The deal closed on March 15, 2024 and was recorded on March 25, 2024. The property has 21,000 square feet of built space and 21,099 square feet of additional air…
Lawrence Ben Pomeroy through the entity Cody Projects LLC paid $6.1 million to DAX Real Estate through the entity 159 Franklin Street LLC for the three-unit mixed-use building (S3) at 159 Franklin Street in Greenpoint, Brooklyn. The deal closed on March 1, 2024 and was recorded on March 25, 2024. The property has 3,000 square feet of built space and 1,756 square feet of additional…
Maninder Singh through the entity P.R.M. Unlimited LLC paid $9.6 million to Jianfei Chen through the entity 3108 Linden Hotel Inc. for the Grandview Hotel building (H9) at 3108 Linden Place in Flushing, Queens. The deal closed on March 13, 2024 and was recorded on March 25, 2024. The property has 14,284 square feet of built space according to a PincusCo analysis of city data….
San Francisco-based Terreno Realty Corporation through the entity Terreno 1215 Walnut LLC paid $11.9 million to Henry Burney through the entity Sfm181, LLC for the industrial building (F4) at 181 Lombardy Street in East Williamsburg, Brooklyn. The deal closed on March 22, 2024 and was recorded on March 25, 2024. The property has 24,000 square feet of built space and 35,998 square feet of additional…
The referee in a foreclosure case New York Community Bank set May 13, 2024. as the auction date for the 56-unit rental building at 106 Marcy Street, in Mt. Eden, the Bronx. The auction is scheduled for a little more than two years since the bank filed the case, in April 2022. The property has been owned by the same family for decades. An individual…
Lender Fortress Investment Group through its affiliate Fortress Credit Corp., alleges the Forbes-designated billionaire Charles S. Cohen of Cohen Brothers Realty is in a payment default on a 2022 loan with an original principal of $533.6 million, and the lender declared the entire amount due immediately, according to court records filed yesterday. Fortress accelerated the loan, alleging Cohen’s entities now owe a total of $544.3…
Lian Wu Shao through the entity 880 Quincy LLC paid $5.5 million to Bank of America for the 105-year-old bank building (O9) at 880 Quincy Street in Bedford Stuyvesant, Brooklyn, as well as three other adjacent properties. The building is not a city landmark. The deal closed on March 12, 2024 and was recorded on March 22, 2024. The four properties have 5,376 square feet…
Active developer Cheskel Schwimmer of Chess Builders, through the entity 291 Wallabout Realty LLC paid $6.7 million to Zoltan Rosenwasser through the entity Sayla LLC for the industrial building (F5) at 291 Wallabout Street in Williamsburg, Brooklyn. The deal closed on March 21, 2024 and was recorded on March 22, 2024. The property has 5,000 square feet of built space and 14,997 square feet of…
All Data Health through the entity Office 31 LLC paid $13 million to Joel Schwartz through the entity 31 Spencer Street USA LLC for the office condominium unit at 31 Spencer Street in Bedford Stuyvesant, Brooklyn. The deal closed on February 13, 2024 and was recorded on March 22, 2024. The unit is Unit 2, covering floors 3, 4 and 5 with a total of…
Hiwin Group USA through the entity Hw W 34th St LLC paid $15 million to David Cohen through the entity 261 West 34th Street LLC for the development site (V1) at 245 West 34th Street in Garment District, Manhattan. The deal closed on March 18, 2024 and was recorded on March 22, 2024. The property has zero square feet of built space and 45,080 square…
Weizhen Chen, a Flushing-based real estate operator, through the entity Flushing Center Crossing LLC paid $23.1 million for the bankrupt, mixed-use building (K2) at 33-37 Farrington Street in Flushing, Queens. The property has an alternate address 34-20 Linden Place. The prior owners before the bankruptcy included Yong Chun Guo, Henry Lam, and Rita Lam through the entity Linden Center LLC. The deal closed on February…
The owner of a two-parcel, corner development site in Sunset Park, Brooklyn, at 5118 to 5124 4th Avenue, filed a chapter 11 petition to place the property into bankruptcy, valuing the asset at $7 million and claiming liabilities of $5.7 million owed to the lender. The individual Hui Zhen Kuang, as vice president of 5120 Realty Corp., filed the bankruptcy petition in U.S. Bankruptcy Court in…
Witnick Real Estate Partners through the entity 97 Grand Partners LLC paid Madison Realty Capital through the entity 97 Grand Avenue BK LLC $27.5 million for the 62-unit, seven-story, 60,210-square-foot rental building with addresses 97 Grand Avenue and 96 Steuben Street, in Clinton Hill, Brooklyn. The sale closed on March 14, 2024 after going into contract on December 14, 2023, and was recorded on March…
Comjem Associates through the entity 37 W. 14th St. Associates, LLC as borrower signed a refi loan with lender Symetra Life Insurance Company valued at $10.5 million for the office building (O5) at 37 West 14th Street in Flatiron District, Manhattan. The deal closed on March 5, 2024 and was recorded on March 21, 2024. The prior lender was JPMorgan Chase which held debt that…
Double U Realty through the entity 100 S 9 LLC as borrower signed a new construction loan with lender S3 Capital through the entity S3 Re 100 S9 Funding LLC valued at $24 million for the 45-unit project at the former church building at 100 South 9th Street in Williamsburg, Brooklyn. Michael Weitzman submitted a major alteration application for a reconstruction of the existing building…
Rimon Gabbay through the entity KG 5 Realty, LLC paid $3.6 million to Esther Hoffman through the entity Leh Equities LLC for the industrial building (E1) at 413-415 Vandervoort Avenue in East Williamsburg, Brooklyn. The deal closed on March 6, 2024 and was recorded on March 21, 2024. The property has 10,000 square feet of built space according to a PincusCo analysis of city data….
Xuebin Yin paid $4.6 million for the 20-unit residential walkup building (C1) at 42-43 147th Street in Flushing, Queens. The deal closed on February 27, 2024 and was recorded on March 21, 2024. The property has 17,325 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $268 per the PincusCo analysis. (The price…
Tamir Shadian through the entity Kenlow Realty LLC paid $4.8 million to Barberry Rose Management Company through the entity Stf 826 Crown Street Holding LLC for the 47-unit residential elevator building (D1) at 826 Crown Street in Crown Heights, Brooklyn. The deal closed on March 8, 2024 and was recorded on March 21, 2024. The property has 52,764 square feet of built space according to…
An entity affiliated with the Kirke family, which includes high-profile actors, musicians and the late British Sephardic property investor Jack Dellal, sold an unassuming five-story building at 213 Park Avenue South, in the Gramercy neighborhood, to Ippodo Tea, a Japanese tea company founded in 1717, for $10.5 million. The property a block north of Union Square, was once home to the legendary music venue, Max’s…
Lender Titan Capital ID filed a $10.5 million pre-foreclosure action at 34-49 Steinway Street in Astoria, Queens, which Robert Gans operated for decades as part of his Metropolitan Lumber & Hardware business. This is the last of the properties shown on his website which he still owns. He lost an 11-parcel portfolio in 2023 to Extell Development, Bluestone Group and Princeton Real Estate Partners, which…
