Transfers

Ruben Luna through the entity Diluna Property LLC as borrower signed an acquisition loan with lender Key Food Stores Co-Operative valued at $8 million for the $18 million purchase of the retail building (K1) at 1221 Saint Nicholas Avenue in Washington Heights, Manhattan. The property spans the entire block front of Saint Nicholas Avenue from 171st Street to 172nd Street. The owner bought the property…

James Ross of Rossrock LLC, through the entity Rossmil Associates as borrower signed a refi loan with lender Securian Financial Group through the entity Minnesota Life Insurance Company valued at $18 million for the 142-unit residential elevator building (D7) at 350 West 51st Street in Hell’s Kitchen, Manhattan. The deal closed on March 15, 2024 and was recorded on March 20, 2024. The prior lender…

RW Real Estate Group through the entity Rw 705 Franklin LLC as borrower signed a construction loan with lender Provident Bank valued at $24 million for the 58-unit development at 705-711 Franklin Avenue in Crown Heights, Brooklyn. On the lot, there is one active new building construction project for a 58-unit, 47,094 square-foot residential (R-2) building. The project was submitted by RW Real Estate Group…

RYCO Capital through the entity 502 Laguardia LLC (and others) as borrower signed a refi loan with lender Webster Bank valued at $78.7 million for nine properties with 97 residential units including the 24-unit residential walkup building (C7) at 142 West 4th Street in Greenwich Village, Manhattan, 24-unit residential walkup building (C7) at 140 West 4th Street in Greenwich Village, Manhattan, and 16-unit residential walkup…

Postal Realty Trust, a real estate investment trust focused on assets leased to the United States Postal Service,  through the entity Eastern Postal Realty Holdings, LLC paid $3.5 million to Castagna Realty through the entity Riedda Realty Co. for the specialty building (Z3) at 2553 Jerome Avenue in Fordham Manor, Bronx. The deal closed on March 15, 2024 and was recorded on March 20, 2024….

The entity Lomond LLC through signatory Matthew McClure, paid $11 million to for the three-unit building (C0) at 61 Charles Street in the West Village, Manhattan. The deal closed on March 13, 2024 and was recorded on March 20, 2024. The property has 4,080 square feet of built space and 532 square feet of additional air rights for a total buildable of 4,617 square feet…

Maha Omar through the entity Omar Holding Corp. as borrower signed a refi loan with lender Suffolk Federal Credit Union valued at $8.8 million for the retail building (K1) at 1600 Westchester Avenue in Soundview, Bronx. The deal closed on March 14, 2024 and was recorded on March 19, 2024. The prior lender was TD Bank which held debt that had an original loan amount…

GTJ REIT, which focuses mostly on industrial assets, through the entity GWL 23-85 87th LLC as borrower signed a refi loan with lender Blackstone Group and AIG through the entity American General Life Insurance Company valued at $113.5 million for six industrial properties including the industrial building (G8) at 23-25 87th Street in Jackson Heights, Queens, industrial building (G1) at 612 Wortman Avenue in East…

Meir Laufer through the entity Corner 15 LLC paid $2.1 million to Sonnia Torres through the entity Hi-Rise Realty Corp for the retail building (K1) at 3601 15th Avenue in Borough Park, Brooklyn. The deal closed on March 14, 2024 and was recorded on March 19, 2024. The property has 2,700 square feet of built space and 3,947 square feet of additional air rights for…

Michael Weiner through the entity Iceberg Lounge LLC paid $2.6 million to Roman Mushayev through the entity Bmr Equities, Inc. for the three-unit building (C0) at 1137 Jefferson Avenue in Bushwick, Brooklyn. The deal closed on March 14, 2024 and was recorded on March 19, 2024. The property has 3,375 square feet of built space and 1,180 square feet of additional air rights for a…

Elliot Sohayegh through the entity NYC Chris Holdings LLC paid $2.6 million to Related Companies through the entity Nysandy8 Brooklyn 6 LLC for the eight-unit residential walkup building (C1) at 141 Meserole Avenue in Greenpoint, Brooklyn. The deal closed on March 7, 2024 and was recorded on March 19, 2024. The property has 7,500 square feet of built space according to a PincusCo analysis of…

Cohabs through the entity 235 Bainbridge LLC paid $3.8 million to Cycamore Capital through the entity 235 Bainbridge Street LLC for the four-unit building (C3) at 235 Bainbridge Street in Bedford Stuyvesant, Brooklyn. The deal closed on February 28, 2024 and was recorded on March 15, 2024. The property has 6,300 square feet of built space according to a PincusCo analysis of city data. The…

Midas Hospitality through the entity Midas Brooklyn, LLC as borrower signed a construction completion loan with lender Acres Capital through the entity Acres Loan Origination, LLC valued at $25.2 million for the hotel building (H3) at 291 Livingston Street in Downtown Brooklyn, Brooklyn. The deal closed on March 6, 2024 and was recorded on March 18, 2024. The property has 48,495 square feet of built…

McSam Hotel Group and Gene Kaufman through the entity GK West 47th LLC as borrower signed a renovation construction loan with lender Maxim Capital Group through the entity Maxim Credit Group, LLC valued at $28 million for the conversion of the former office building at 224 West 47th Street in Times Square, Manhattan, into a hotel. On the lot, there is one active major alteration…