MURAL Real Estate Partners paid $19 million to heirs of the estate of Eziel Koeppel for three industrial properties making up two development sites, 161-10 Hillside Avenue in Jamaica, and another site on the north side of the avenue at 161-13 Hillside Avenue in Jamaica Hills, in two separate transactions. The parcels have long been occupied by car dealerships. In the larger transaction, MURAL Real…
The owner of two adjacent parcels at 195 Bush Street and 623 Clinton Street in Red Hook, Brooklyn, purchased in 2018 for $3 million, filed to place the owner entity Red Hook Equites LLC into bankruptcy protection yesterday. The move comes nearly two years after the state’s New York Business Development Corportation filed to foreclose on a $1.5 million small business loan it gave to…
UPDATED WITH CORRECTION: Seth Weissman’s Urban Standard Capital sold 171 Bowery in the Lower East Side of Manhattan following a foreclosure process, about 20 months after the firm filed a pre-foreclosure action at the property alleging a loan with an original principal of $7 million was in default. The auction took place on September 13, 2023, and Urban Standard Capital assigned its contract to a…
K2 Real Estate Partners through the entity 210 Clarkson Propco LLC as borrower signed a refi loan with lender Dwight Capital through the entity Dwight Mortgage Trust LLC valued at $75.2 million for the development at 210 Clarkson Avenue in East Flatbush, Brooklyn. There is one new building construction project on the lot for a 165-unit, 134,622 square-foot residential (R-2) building. The project was submitted…
UPDATED: Artimus through the entity 164 4 LLC as borrower signed a new construction loan with lender JPMorgan Chase and Community Preservation Corporation through the entity Cpc Mortgage Company LLC valued at $91 million for the development project at 164 4th Avenue in Gowanus, Brooklyn. On the lot, there is one active new building construction project for a 140-unit, 114,431 square-foot residential (R-2) building. The…
Shmuel Lang’s Lang Realty paid $2.45 million to Lisa Binns for adjacent mixed-use properties, 239 and 241 Kingston Avenue in Crown Heights, Brooklyn, in two separate transactions. In the first, Lang Realty through the entity 239 Kingston LLC paid $1.2 million to Lisa Binns through the entity Binns Properties LLC for the four-unit mixed-use building (S4) at 239 Kingston Avenue in Crown Heights, Brooklyn. The…
Slope Asset Management through the entity 392 Fifth Bk, LLC paid $2.7 million to Goodman Capital through the entity Gc Park Slope, LLC for the two-unit mixed-use building (S2) at 392 5th Avenue in Park Slope, Brooklyn. The deal closed on January 31, 2024 and was recorded on February 9, 2024. The property has 2,640 square feet of built space and 3,461 square feet of…
Carlyle Group through the entity Townhouse Rental II, L.L.C. bought a stake in a Greenbrook Partners three-unit building (C0) at 575 Morgan Avenue in Greenpoint, Brooklyn. The property was newly valued at $3.7 million. The deal closed on February 5, 2024 and was recorded on February 9, 2024. The property has 3,402 square feet of built space and 399 square feet of additional air rights…
Wharton Properties through the entity 90 Bedford Owner LLC paid $18.2 million to Rudd Realty Management through the entity Merrimaker Corporation for the 22-unit residential walkup building (C7) at 90 Bedford Street in West Village, Manhattan. The deal closed on January 18, 2024 and was recorded on February 9, 2024. The property has 15,586 square feet of built space according to a PincusCo analysis of…
Madison Realty Capital through the entity 3052 Brighton St Owner LLC acquired the bankrupt 41-unit residential elevator building (D7) at 3052 Brighton 1st Street in Brighton Beach, Brooklyn, once owned by Chaim Miller and Sam Sprei. The transfer value was $24 million. The deal closed on January 12, 2024 and was recorded on February 9, 2024. The property has 72,715 square feet of built space…
The New York City School Construction Authority paid $81.8 million to Eastone Equities, Xuan Cheng, Wei Guo, YiHun Chen, and Jianfei Chen through the entity 4509 Eighth LLC for the development site (V0) at 137-31 45th Avenue in Flushing, Queens. The deal closed on February 7, 2024 and was recorded on February 9, 2024. The property has 22,532 square feet of built space and 239,960…
Carlyle Group and Gotham Organization through the entity 200 West 67th St Owner, L.L.C. paid $265 million to A&R Kalimian Realty through the entity 150 Amsterdam Avenue Holdings LLC for the 310-unit rental tower Aire at 150 Amsterdam Avenue in Lincoln Square, Manhattan. The property is divided into three commercial condominium units, including a residential unit and a retail unit. The deal closed on February…
O’Brien-Staley Partners through the entity OSX XVIII, LLC bought a note with an original principal of $13.1 million from Webster Bank secured by Faigy Goldberger’s office building (O7) at 1649 61st Street in Bensonhurst, Brooklyn and office building (O7) at 1661 61st Street in Bensonhurst, Brooklyn. On these lots, there is one active major alteration construction project for a 27,032 square-foot office (B) building. The…
Urban Resource Institute through the entity 2332 And 2250 Acp Housing Development Fund Corp as borrower signed a initial loan with lender UMB Bank as trustee valued at $32.1 million for two specialty properties with 35 residential units including the specialty building (N2) at 2332 Adam C Powell Boulevard in Harlem, Manhattan and 35-unit specialty building (N2) at 2250 Adam C Powell Boulevard in Harlem,…
Peak Capital Advisors through the entity 37 Frost Owner LLC paid $3 million to Clare Gorman through the entity 37 Frost LLC for the six-unit residential walkup building (C2) at 37 Frost Street in Williamsburg, Brooklyn. The deal closed on February 5, 2024 and was recorded on February 8, 2024. The property has 4,125 square feet of built space and 874 square feet of additional…
Young Ok Park through the entity 529-2 Ave NY LLC paid $3.1 million to the entity I T Realty LLC for the three-unit mixed-use building (S3) at 529 2nd Avenue in Kips Bay, Manhattan. The deal closed on January 26, 2024 and was recorded on February 8, 2024. The property has 3,597 square feet of built space and 9,511 square feet of additional air rights…
Bobby Adjmi through the entity 18 East 67th Holdings LLC paid $7.5 million to J.T. Tai & Co. Foundation through the entity Tai Properties, LLC for the eight-unit residential walkup building (C7) at 18 East 67th Street in Lenox Hill, Manhattan. This was the second transaction between the parties for a property in Lenox Hill. On the same day, Bobby Adjmi through the entity 17…
Nikolaos Nikolaidis through the entity Odyssey Realty, Corp. paid $9 million to Keith Kurzner through the entity 25-31 30th Road Realty LLC for the 42-unit residential elevator building (D1) at 25-31 30th Road in Astoria, Queens. The deal closed on February 5, 2024 and was recorded on February 8, 2024. The property has 34,000 square feet of built space according to a PincusCo analysis of…
UPDATED: Shmuel Schochet through the entity Cfs 800 LLC paid $11.5 million to Israel Elbogen through the entity Broadway 800, LLC for the retail building (O5) at 800-812 Broadway in Bedford Stuyvesant, Brooklyn. The deal closed on January 30, 2024 and was recorded on February 8, 2024. The property has 28,286 square feet of built space according to a PincusCo analysis of city data. The…
Hang Dong Zhang through the entity Gbz 39 Realty LLC paid $13 million to Shang Shen Chen, Susan Showsan Lin, Henry Lo, Paul Lo, and Robert Lo through the entity Linwood Holdings, LLC for the development site at 133-45 39th Avenue in Flushing, Queens. On the lot, there is one active new building construction project, Q00951994, for an eight-story, 33,875-square-foot mixed-use building with space for…
