Lalezarian Properties through the entity Brooklyn Tillary LLC as borrower signed a refi loan with lender TD Bank valued at $29.9 million for the 266-unit residential elevator building (D7) at 277 Gold Street in Downtown Brooklyn, Brooklyn. The deal closed on March 12, 2024 and was recorded on March 18, 2024. The prior lender was Santander Bank which held debt that had an original loan…
Rayan Javidnia through the entity 18-89 Troutman St LLC paid $2 million to Jacob Fulop through the entity Troutman Lofts LLC for the six-unit residential walkup building (C2) at 18-89 Troutman Street in Ridgewood, Queens. The deal closed on March 7, 2024 and was recorded on March 18, 2024. The property has 4,720 square feet of built space according to a PincusCo analysis of city…
The Shilian family’s Ace Maintenance USA through the entity Ace Clarendon LLC paid $3.3 million to Avraham Rodin through the entity 2908-2914 Clarendon LLC for the six-unit residential walkup building (C2) at 2914 Clarendon Road in East Flatbush, Brooklyn, six-unit residential walkup building (C2) at 2908 Clarendon Road in East Flatbush, Brooklyn, and six-unit residential walkup building (C2) at 2910 Clarendon Road in East Flatbush,…
Hanan Maqbol through the entity Maqbol LLC paid $3.4 million to Lambros Ballas through the entity Ldb Properties, Inc. for the four-unit mixed-use building (K4) at 153-40 Hillside Avenue in Jamaica, Queens. The deal closed on March 8, 2024 and was recorded on March 18, 2024. The property has 5,072 square feet of built space and 5,177 square feet of additional air rights for a…
Sami Souid’s Gotham Assets through the entity Gotham 225 West 39th Street, LLC paid $22.2 million to David Berley’s Walter & Samuels through the entity Walber 39 Company for the office building (O6) at 225 West 39th Street in Garment District, Manhattan. The deal closed on March 13, 2024 and was recorded on March 18, 2024. The property has 88,100 square feet of built space…
Helm Management through the entity 310 Group, LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $49.9 million for the Aliz Hotel Times Square building (H2) at 310 West 40th Street in the Garment District, Manhattan. The deal closed on March 12, 2024 and was recorded on March 15, 2024. The prior lender was an entity with the signatory Cindy Zhang…
Landpex Development through the entity 2030 Cropsey Ave Lease Holder LLC as borrower signed a refi loan with lender Dwight Capital through the entity Dwight Mortgage Trust valued at $88.2 million for the 248-unit residential elevator building (D8) at 2230 Cropsey Avenue in Gravesend, Brooklyn. The deal closed on March 8, 2024 and was recorded on March 15, 2024. The prior lender was Valley National…
Naftali Group through the entity 211 West 84th St Owner LLC as borrower signed a new construction loan with lender Bank Hapoalim valued at $177.5 million for the 45-unit condominium project at 211 West 84th Street at Broadway, on the Upper West Side of Manhattan. The debt is composed of a $48.6 million land loan and $128.9 million for a building loan and a project…
Root Studios through the entity Willoughby & Suydam LLC paid $6.8 million to Guyana Plating through the entity Guyana Plating LLC for the industrial building (F5) at 1288 Willoughby Avenue in Bushwick, Brooklyn, industrial building (F5) at 1292 Willoughby Avenue in Bushwick, Brooklyn, and industrial building (E1) at 1294 Willoughby Avenue in Bushwick, Brooklyn. The deal closed on March 14, 2024 and was recorded on…
TARGO Capital Partners through the entity 321 W16 Property Owner LLC paid $8.1 million to Croman Real Estate through the entity 321 W. 16th LLC for the 10-unit residential walkup building (C1) at 321 West 16th Street in Chelsea, Manhattan. The deal closed on March 12, 2024 and was recorded on March 15, 2024. The property has 5,125 square feet of built space and 1,069…
Chestnut Holdings of New York through the entity 555 O LLC paid $10.3 million for the 85-unit residential elevator building (D1) at 555 Ocean Avenue in Flatbush, Brooklyn that was in bankruptcy. The former owner who filed to place the building into bankruptcy was Daniel Reifer through the entity Three Nickels LLC. The deal closed on March 5, 2024 and was recorded on March 15,…
Yun Gen Yang and Le Ping Yang through the entity Ng Yang LLC paid $10.8 million to Jack Lee, Un Lin Wang, and Chin Tsua Yang through the entity Wyl Associates LLC for the mixed-use building (K2) at 135-38 Roosevelt Avenue in Flushing, Queens. This parcel is on an unusually shaped lot that is 40 feet by 35 feet. A typical New York City tax…
The nonprofit Chinese-American Planning Council through the entity Cpc Headquarters, Inc. acquired for the transfer price of $20.2 million from the Gotham Organization through the entity GO Broome LLC for a commercial condominium at 207 Broome Street in Lower East Side, Manhattan. The deal closed on March 6, 2024 and was recorded on March 15, 2024. The signatory for Gotham Organization was David L. Picket….
Glass Stone Properties through the entity Glass Stone Properties LLC paid $21 million to Extell Development, Bluestone Group, and Princeton Real Estate Partners through the entity 175 Spring Street LLC for the mixed-use building (K2) at 173 Spring Street in SoHo, Manhattan. The property was part of a large portfolio investor, lumber company owner and strip club operator Robert Gans had before losing it in…
Bao Gui Zhuo through the entity Cherry Garden LLC, filed an $8.5 million bankruptcy to block the foreclosure auction of a 20-unit rental building located at 142-15 Cherry Avenue in Flushing, Queens. Zhuo filed the bankruptcy on March 15, 2024, to halt a foreclosure auction set for the same day. The filing estimates the building is worth $8.5 million and the property has about $5…
The special servicer for an allegedly defaulted $350 million loan filed a pre-foreclosure action March 15, 2024, at Shorenstein Properties’ 1.1-million-square-foot Garment District office building at 1407 Broadway. Mount Street, a London-based financial group, acting as special servicer, filed the action in New York State Supreme Court, approximately six months after the loan was moved into special servicing, as the Commercial Observer reported at the…
Developer Cheskel Schwimmer of Chess Builders signed a $33.2 million contract to buy a development site at 616 11th Avenue in Hell’s Kitchen with about 148,064 square feet of development rights through a bankruptcy process. The debtor is Robert Gans and his creditors are a joint venture including Gary Barnett’s Extell Development, Eli Tabak’s Bluestone Group and Joseph Tabak’s Princeton Real Estate Partners. The property…
Gilman Management through the entity 205th Street Associates LLC paid $1.95 million to Ramer & Saperstein through the entity 407-205, LLC for the 29-unit residential walkup building (C1) at 407 West 205th Street in Inwood, Manhattan. The deal closed on February 28, 2024 and was recorded on March 4, 2024. The property has 17,810 square feet of built space and 2,147 square feet of additional…
Zev Mayer through the entity 711 E LLC as borrower signed a new construction loan with lender Broadview Capital valued at $9.9 million for the 18-unit project at 711 East 214th Street in Williamsbridge, Bronx. On the lot, there is one active major alteration construction project for an 18-unit, 12,192 square-foot residential (R-2) building. The project, job number X00694310, was submitted by Everett Mitchell with…
Naftali Group through the entity 470 Kent Ave Associates LLC as borrower signed a construction loan with lender Bank OZK valued at $238 million for a tax parcel with three development projects totaling 551 units at 470, 480 and 490 Kent Avenue in Williamsburg, Brooklyn. The deal closed on March 1, 2024 and was recorded on March 14, 2024. The prior lender was Bank OZK…
