An affiliate of Aurec Capital and Golden Arc, SM Holdings 2021 LLC, signed a $4.6 million contract to buy the six-story residential building at 133 West 70th Street in Lincoln Square, Manhattan, from the Roman Catholic Church of the Blessed Sacrament. The contract, dated December 20, 2023, was disclosed yesterday in a court filing that is a required process when a nonprofit or religious organization…
Sharp Management through the entity 138-Sharp Realty LLC as borrower signed a refi loan with lender Newpoint Real Estate Capital valued at $30.3 million for the 148-unit residential elevator building (D7) at 430 East 138th Street in Mott Haven, Bronx. The deal closed on February 29, 2024 and was recorded on March 4, 2024. The prior lender was Flagstar Bank which held debt that had…
Hirshmark Capital through the entity 268 Cabrini Funding LLC bought a note with an original principal of $7.2 million from Capital One secured by Empire Management’s 53-unit residential elevator building (D1) at 268-330 Cabrini Boulevard in Washington Heights, Manhattan. The deal closed on February 20, 2024 and was recorded on March 4, 2024. The prior lender was Capital One which held debt that had an…
Titan Industrial Services paid $5 million to EBC Capital for two parcels in Greenpoint, Brooklyn, that abut one another midblock, which are 110 Hausman Street and 93 Apollo Street. The sale occurred in two transactions. In the larger, Titan Industrial Services through the entity 110 Hausman LLC paid $3.5 million to EBC Capital through the entity Rcgt 2661-52 LLC for the property at 110 Hausman…
Joel Schwartz through the entity 157 Leonard St LLC paid $4 million to Action in Christ International for the church building (M1) at 157 Leonard Street in Williamsburg, Brooklyn and adjacent lot at 74 Stagg Street in Williamsburg, Brooklyn. On these lots, there is one active new building construction project for an eight-unit, 5,295 square-foot R-2 building. The project was submitted by Hershy Silberstein and…
UPDATED 7:08 a.m., March 14, 2024: Investor Mike Chiwah Kong paid $4.6 million to Barberry Rose Management Company for the 27-unit residential walkup building at 290 East 53rd Street in East Flatbush, Brooklyn, according to sources familiar with the transactions. The sale has not yet been recorded in public records as of the date of publication. The property sold for about half the 2018 purchase…
Carlyle Group and Greenbrook Partners through the entity Townhouse Rental II, L.L.C. paid $4.6 million to Eden Ashourzadeh and Alon Ashourzadeh through the entity 549 Partner LLC for the five-unit residential walkup building (C2) at 549 Meeker Avenue in Greenpoint, Brooklyn. This is at least the fourth property the Ashourzadehs have sold to Carlyle Group and Greenbrook Partners. The deal closed on February 28, 2024…
Turnbridge Equities through the entity 2300 69 Street Property LLC paid $16.6 million to Peter K. Tully through the entity Tully-Willets Realty Co., LLC for the industrial building (F9) at 2300 East 69th Street in Bergen Beach, Brooklyn, specialty building (Z9) at 2250 East 69th Street in Bergen Beach, Brooklyn, and industrial building (G7) at N/A East 69th Street in Bergen Beach, Brooklyn. The deal…
A shuttered Manhattan Christian liberal arts college, The King’s College, is in contract to sell its sole asset, a dormitory building at 102-104 Greenwich Street in the Financial District, for $15.2 million, according to state court records. The school bought the property in 2018 for $19.2 million. The buyers Ravinder Chopra and Yuvraj Chopra are acquiring the property through the entity 102 Greenwich LLC, according…
Brooklyn owner and developer Watermark Capital Group, led by Wolfe Landau, signed a contract last week to pay $15 million for a church with a total of 164,460 square feet of development rights located in a Historic District in Fort Greene, Brooklyn. The property, the Hanson Place Central United Methodist Church at 144 Saint Felix Street, is located within the Brooklyn Academy of Music Historic…
Peny & Co. files $10.7M pre-foreclosure in West Farms: Peny & Co. filed a pre-foreclosure at 2067 Mohegan Avenue and 2060 Crotona Parkway in the Bronx. According to the complaint, “Due to the Events of Default, on December 15, 2023, Plaintiff caused to be issued to Obligors a Notice of Default… As of February 29, 2024, the following sums are due and owing to Plaintiff,…
Juda Lefkowitz through the entity 3920 15 Avenue LLC as borrower signed a new construction loan with lender Dime Community Bank valued at $16.5 million for the 42-unit development at 3914 15th Avenue in Borough Park, Brooklyn. On the lot, there is one active new building construction project for a 42-unit, 45,246 square-foot residential (R-2) building. The project was submitted by Juda Lefkowitz with plans…
Slate Property Group through the entity 105-02 Forest Hills LLC as borrower signed a refi loan with lender Apollo Global Management through the entity Athene Annuity And Life Company valued at $97 million for the 137-unit residential elevator building (D6) at 105-02 Queens Boulevard in Forest Hills, Queens. The deal closed on February 29, 2024 and was recorded on March 1, 2024. The prior lender…
Douglaston Development through the entity West 48 Owner LLC as borrower signed a new construction loan with the New York City Housing Development Corporation valued at $106.8 million for the 158-unit project at 509 West 48th Street in Hell’s Kitchen, Manhattan. On the lot, there is one active new building construction project for a 158-unit, 131,668 square-foot residential (R-2) building. The project was submitted by…
UPDATED: Christopher Merone through the entity 548-550 Union Realty LLC paid $4 million to Alan Laytner and Jeremy Katz through the entity Ralala LLC for the industrial building (E9) at 548 Union Street in Gowanus, Brooklyn. The deal closed on February 28, 2024 and was recorded on March 1, 2024. The property has 4,552 square feet of built space and 6,264 square feet of additional…
The anonymously owned entity 74 Orchard LLC in care of the Bullard Law Group paid $4.4 million to Kenneth Eckstein through the entity No. 74 Orchard St. Realty Co. Inc for the retail building (K4) at 74 Orchard Street in Lower East Side, Manhattan. The deal closed on February 15, 2024 and was recorded on March 1, 2024. The property has 6,550 square feet of…
An anonymously owned entity 199th Waring LLC registered at the law firm Smith Buss & Jacobs paid $5.1 million to MB Capital Assets through the entity Mac Bronx Portfolio I, LLC for the 47-unit residential walkup building (C1) at 246 East 199th Street in Bedford Park, Bronx. The deal closed on February 15, 2024 and was recorded on March 1, 2024. The property has 41,250…
Winston Lopez through the entity La Ventella Realty LLC paid $6 million to Walgreen Co. through the entity Walgreen Eastern Co. for the retail building (K1) at 3575 Boston Road in Williamsbridge, Bronx. This is a sale-leaseback transaction. The deal closed on February 20, 2024 and was recorded on March 1, 2024. The property has 10,495 square feet of built space and 11,742 square feet…
Alchemy Ventures through the entity 310 West 80th Street Owner LLC paid $11.2 million to Susan Schwarz and Ira Schwarz through the entity Fontenoy, LLC for the 36-unit residential elevator building (D1) at 310 West 80th Street in Upper West Side, Manhattan. The deal closed on February 14, 2024 and was recorded on March 1, 2024. The property has 22,728 square feet of built space…
Bank of America filed a $19.5 million pre-foreclosure at Myint Kyaw’s approximately 28,000-square-foot retail condominium unit at the base of the mixed-used condo building with 80 residential units at 68-80 Elizabeth Street in Chinatown, Manhattan. The bank filed the complaint on Thursday, February 29, 2024, in State Supreme Court in Manhattan. Case LINK Myint Kyaw, who also is known as Jeffrey Wu, is a developer…
