The developer of a Woodside, Queens, condominium building at 64-05 Woodside Avenue that has 27 residential units, a commercial unit and a parking unit, placed the project into bankruptcy in order to block a $12.8 million foreclosure auction set for that same day. Case 1-24-40820-nhl LINK Wing Fung Chau developed the 27-unit, 29,122-square-foot mixed-use condo building at 64-05 Woodside Avenue with an alternate addresses 64-01…
UPDATED, 6:51 a.m., March 20, 2024: A Manhattan State Supreme Court referee scheduled an auction for March 20, 2024, to sell an 11-unit rental building with the address 231 East 123rd Street, in East Harlem, which has a judgment lien of approximately $10.7 million. The notice of sale was published on February 22, 2024. The lender is an affiliate of the Evanston, Illinois-based hedge fund,…
Hirshmark Capital through the entity 3001 Northern Blvd Funding LLC bought a note with an original principal of $4.5 million from Kearny Bank secured by Matthew Schwartz’s office building (O2) at 30-01 Northern Boulevard in Long Island City, Queens. The deal closed on February 7, 2024 and was recorded on February 22, 2024. The prior lender was Kearny Bank which held debt that had an…
Firebird Grove through the entity OR Patchin Place, LLC as borrower signed a refi loan with lender Derby Copeland Capital through the entity Cf Dcope Fin LLC valued at $17 million for 11 properties with 35 residential units including the four-unit mixed-use building (S4) at 9 Patchin Place in Greenwich Village, Manhattan, five-unit residential walkup building (C2) at 7 Patchin Place in Greenwich Village, Manhattan,…
Michael Sklar through the entity Ninety-Five Madison Company, L.P. as signatory for the borrower signed a initial loan with lender Goodman Capital through the entity Madison Avenue Servicing LLC valued at $23 million for the office building (O6) at 89 Madison Avenue in NoMad, Manhattan. Rita Sklar and the Sklar family has owned the building for decades. Rita Sklar as an owner placed the property…
The Wolkoff Group through the entity G&M Realty 2 LLC as borrower signed a loan with lender Fannie Mae adding $50 million of recorded debt to an existing $300 million loan at 5 Pointz, at 22-44 Jackson Avenue in Long Island City, Queens. The deal closed on February 21, 2024 and was recorded on February 22, 2024. The signatory for Wolkoff Group was David Wolkoff….
Greenbrook Partners and Carlyle Group through the entity Townhouse Rental II, L.L.C. paid $7 million to Aran P. Scott through the entity 186 Ventures LLC for the four-unit building (C3) at 186 Saint Marks Avenue in Prospect Heights, Brooklyn. The deal closed on February 21, 2024 and was recorded on February 22, 2024. The property has 4,640 square feet of built space and 487 square…
Zar Property NY and Ivan Hakimian’s HPNY through the entity HPNY West 61st Street LLC paid $15.2 million to the Brodsky Organization through the entity The Beaumont Company LLC for the approximately 60,000-square-foot office condo at 30 West 61st Street in Lincoln Square, Manhattan. The deal closed on February 15, 2024 and was recorded on February 22, 2024. The property according to city records which…
Chicago-headquartered Heitman LLC paid $63.1 million to Equity Resources Investments and SNL Storage for a storage building at 1296 East 14th Street in Midwood, Brooklyn, and for a ground lease controlling a storage building at 2036 Webster Avenue in Tremont, Bronx. Heitman was the former construction lender for both properties. The buildings were developed by a partnership of Equity Resources Investments and SNL Storage, but…
Hirshmark Capital through the entity Astoria LIC Funding LLC bought a note with an original principal of $9.7 million from Kearny Bank secured by Matthew Schwartz’s 15-unit residential elevator building (D7) at 35-16 Astoria Boulevard South in Astoria, Queens. The property is involved in one pre-foreclosure case. The suit is a $9.7 million commercial foreclosure concerning a loan. The case was filed on August 11,…
Sophia Shanfen Zhang through the entity Mings Garden Realty LLC as borrower signed a refi loan with lender Slate Property Group through the entity SPG Astoria Lender LLC valued at $29.8 million for the 143-unit residential elevator building (D3) at 26-01 4th Street in Astoria, Queens. The deal closed on February 16, 2024 and was recorded on February 21, 2024. The prior lender was Parkview…
Greenbrook Partners and Carlyle Group paid a total of $5.5 million for two Brooklyn rentals at 389 Sumpter Street in Bedford Stuyvesant and 264 Woodbine Street in Bushwick in two separate transactions with two sellers. In the larger, Greenbrook Partners and Carlyle Group through the entity Townhouse Rental II, L.L.C. paid $3.2 million to Eliahu Nahman through the entity 389 Sumpter St LLC for the…
Pericles Notias through the entity Edge Manor, LLC paid $4.2 million to Gregory Andruk and Madelyn Andruk for the retail building (K1) at 23-01 31st Street in Ditmars Steinway, Queens. The deal closed on February 15, 2024 and was recorded on February 21, 2024. The property has 4,251 square feet of built space and 6,706 square feet of additional air rights for a total buildable…
Manjit Kaur through the entity 3601 164 LLC paid $6 million to Weisheng Guan through the entity Hua Hong Industrial (USA) LLC for the seven-unit mixed-use building (K4) at 36-01 164th Street in Murray Hill, Queens. The deal closed on February 14, 2024 and was recorded on February 21, 2024. The property has 13,180 square feet of built space and 3,946 square feet of additional…
Zinoviy Zaltsman through the entity Psz5, LLC paid $11.4 million to Lane Capital Partners through the entity LCP Slope Fee Owner, LLC for the eight-unit mixed-use building (K4) at 665A 5th Avenue in Greenwood Heights, Brooklyn. The deal closed on February 20, 2024 and was recorded on February 21, 2024. The property has 23,400 square feet of built space and 7,242 square feet of additional…
Ketan Patel and Prakashkumar Patel through the entity Crescent Hotel Realty LLC paid $18.1 million to Young Jun Ahn, Daniel Chung Sung Ahn, Kwi-Won Y. Ahn, and Ike Ahn through the entity Dan’s Global Hotels, LLC for the hotel building (H3) at 42-24 Crescent Street in Long Island City, Queens. The deal closed on February 8, 2024 and was recorded on February 21, 2024. The…
The long-time owners of two East Village rental buildings at 421 East 12th Street and 511 East 6th Street filed bankruptcy petitions for each building yesterday, which give a combined asset value of $17.7 million and noted liabilities of about $12 million. The petitions were both filed by Alexa Czerny. The Czerny family including Zdzislaw Czerny bought 511 East 6th Street in 1997 and bought…
Alfa Development through the entity First Flatiron LLC as borrower signed a refi loan with lender Citibank through the entity Citi Real Estate Funding Inc. valued at $11.7 million for the nine-residential unit mixed-used building (O6) at 15 West 18th Street in Flatiron District, Manhattan. The deal closed on January 31, 2024 and was recorded on February 20, 2024. The prior lender was TD Bank…
Stagg Group through the entity 2441 Crotona Avenue LLC as borrower signed a refi loan with lender Berkadia Commercial Mortgage valued at $12.9 million for the newly built 33-unit residential elevator building (D1) at 2441 Crotona Avenue in Belmont/Little Italy, Bronx. The deal closed on February 7, 2024 and was recorded on February 20, 2024. The prior lender was Popular Bank which held debt that…
Griffon Ventures through the entity 112 Gv LLC paid $3.2 million to Bronstein Properties through the entity Nagle 112 LLC for the 25-unit residential walkup building (C7) at 112 Nagle Avenue in Washington Heights, Manhattan. The deal closed on February 8, 2024 and was recorded on February 20, 2024. The property has 15,960 square feet of built space and 1,864 square feet of additional air…
