United Developers through the entity West 31 Associates LLC paid $2.85 million for the office building (O5) at 252 West 31st Street in Penn Plaza, Manhattan. The former owner Juan Ortiz lost the property in a foreclosure auction in February. The deal closed on March 1, 2024 and was recorded on March 7, 2024. The property has 4,062 square feet of built space and 268…
Srinivasa Rao Tummalapenta through the entity NYC Harlem Realty LLC paid $3 million to Abraham Abadie and Menachem Mitnick through the entity 147 E 116 Gideon Ams LLC for the four-unit mixed-use building (S9) at 147 East 116th Street in East Harlem, Manhattan. The deal closed on February 23, 2024 and was recorded on March 7, 2024. The property has 3,570 square feet of built…
The nonprofit Cypress Hills Local Development Corporation through the entity 248 Arlington Avenue LLC paid $3.1 million to Philip Knoll through the entity Arlington Estates, LLC for the 21-unit residential walkup building (C1) at 248 Arlington Avenue in Cypress Hills, Brooklyn. The deal closed on February 29, 2024 and was recorded on March 7, 2024. The property has 17,695 square feet of built space according…
Harold Friedman through the entity 263 Skillman LLC as borrower signed a refi loan with lender Golden Bridge Funding through the entity Golden Bridge R2 LLC valued at $14.1 million for commercial condominium unit 2 at 263 Skillman Street in Bedford Stuyvesant, Brooklyn. The deal closed on February 27, 2024 and was recorded on March 6, 2024. The signatory for Harold Friedman was Harold Friedman….
Lightstone Group through the entity 30-02 Associates LLC as borrower signed a refi loan with lender JLL through the entity JLL Real Estate Capital, LLC valued at $168 million for the 428-unit rental building ARC at 30-02 39th Avenue in Long Island City, Queens. The property is divided into three commercial condominium units, and this loan covers all three. The deal closed on February 29,…
Lightstone Group through the entity LSG 105 West 28th LLC as borrower signed a refi loan with an undisclosed lender through the entity Reznik Paz Nevo Trusts Ltd valued at $177.8 million for the Moxy Chelsea hotel building (H2) at 105 West 28th Street in Chelsea, Manhattan. The deal closed on February 29, 2024 and was recorded on March 6, 2024. The prior lender was…
Joel Teitelbaum through the entity 1721 Putnam LLC paid $3 million to Tibor Katz through the entity Binyan Broadway LLC for the four-unit industrial building (F5) at 208 Broadway in Williamsburg, Brooklyn. The deal closed on February 27, 2024 and was recorded on March 6, 2024. The property has 4,399 square feet of built space according to a PincusCo analysis of city data. The sale…
Yi Jian Lin through the entity 201 Ingraham LLC paid $4.3 million to Interboro Sign & Electrical Maintenance through the entity Ingraham Street Realty Corp. for the industrial building (F5) at 201 Ingraham Street in East Williamsburg, Brooklyn. The deal closed on February 28, 2024 and was recorded on March 6, 2024. The property has 10,500 square feet of built space and 10,500 square feet…
Siqi Liao through the entity Chang An Real Property LLC paid $8.8 million to Julius Nasso through the entity Bay Street Partner LLC for the office building (O5) at 110 Edgewater Street in Rosebank, Staten Island. The deal closed on January 3, 2024 and was recorded on March 6, 2024. The property has 55,723 square feet of built space and 28,849 square feet of additional…
Kenneth Griffin of the hedge fund Citadel LLC signed a contract May 9, 2023, to buy up to 250,000 square feet of development rights for $312.50 per foot from St. Bartholomew’s Church, for the development of a 1.7 million square foot Midtown East office tower at 350 Park Avenue, that Griffin and partners Vornado Realty Trust and Rudin Management plan to build. The contract was…
United Construction & Development Group, led by Jiashu Xu, paid $57.5 million to a joint venture including Fisher Brothers and the Hakim Organization for the development site at 42-50 24th Street in Long Island City, Queens, where the sellers filed plans in 2019 for a 240-unit, 245,877-square-foot residential tower, which was then changed to a mixed-use building with 83 residential units and and 372 hotel…
David Levitan of Liberty One Group and Joel Shafran, through the entity 25th Street Owner LLC, paid $16.4 million to promotional items wholesaler Royal Industries International for the industrial building (F4) at 290 24th Street in Greenwood Heights, Brooklyn. The deal closed on March 1, 2024 and was recorded on March 6, 2024. The property has 56,400 square feet of built space according to a…
Victor Sigoura’s Legion Investment Group paid $68.3 million for four walkup buildings, 252, 254, 256 and 258 Third Avenue in four separate transactions. The total buildable square footage according to a PincusCo calculation is 69,000 square feet, or approximately $990 per square foot. In October 2023, Sigoura filed plans for a 48-unit, 73,156 square-foot residential (R-2) building at 152 East 21st Street on these parcels….
Joyland Group through the entity Third At Third LLC as borrower signed a new construction loan with lender iCross Capital through the entity Elite United LLC valued at $66 million for the industrial building (E9) at 125 3rd Street in Gowanus, Brooklyn. On the lot, there is one active new building construction project for a 84-unit, 73,135 square-foot R-2 building. The project was submitted by…
Asian Americans For Equality through the entity Magnolia Gardens Developer Inc. as borrower signed a new construction loan with lender UMB Bank valued at $79.2 million for the development building (V1) at 133-04 39th Avenue in Flushing, Queens. There is a new building project for a 90-unit, 62,932 square-foot residential (R-2) building submitted by Thomas Yu with plans filed November 29, 2021 and permitted February…
Arnold & Porter Kaye Scholer registered through the entity Ny 28th Street LLC as borrower signed a refi loan with lender KSL Capital Partners through the entity Lipan Investments, LLC valued at $112.5 million for the hotel building (H2) at 140 West 28th Street in Chelsea, Manhattan. The deal closed on February 29, 2024 and was recorded on March 5, 2024. The prior lender was…
Moshe Koplowitz through the entity Markland Newell LLC paid $2.8 million to Jason S. Greenberg through the entity 111 Newell Street Partners LLC for the eight-unit residential walkup building (C1) at 111 Newel Street in Greenpoint, Brooklyn. The deal closed on February 21, 2024 and was recorded on March 5, 2024. The property has 5,000 square feet of built space according to a PincusCo analysis…
Renovation Group through the entity 51-09 2nd Street LLC paid $3.6 million to Edward Monaco and John Bleckman through the entity Bleckman Holdings LLC for the industrial building (E9) at 51-09 Second Street in Long Island City, Queens. The deal closed on February 22, 2024 and was recorded on March 5, 2024. The property has 3,950 square feet of built space and 8,038 square feet…
MacArthur Capital Group through the entity Mp 667 LLC paid $6 million to Lynn Schneider through the entity 56th Lexington Holding, LLC for the retail condo at 140 East 56th Street in Midtown East, Manhattan. The deal closed on February 28, 2024 and was recorded on March 5, 2024. The property has 11,425 square feet of built space according to a PincusCo analysis of city…
ConnectOne Bank files $9.3M pre-foreclosure in Bushwick: ConnectOne Bank filed a pre-foreclosure action against the owners of 255 Linden Street and 263 Linden Street in Bushwick, Brooklyn with a loan that had an original principal of $9.3 million. The lender signed three forbearance agreements and additional loan modifications according to the court filings, however the lender ultimately declared the loan in default. Court filings represent…
