The Marsan family that owns the fashion brand Brandy Melville, through the entity Cemt Broadway, Inc., paid $33 million to the family of Angela Parisi through the entity the Mapama Corporation, for the retail and residential building (K4) at 545 Broadway in SoHo, Manhattan, according to sources familiar with the transaction. The deal closed on January 17, 2024 and was recorded on January 24, 2024….
Arjan Gjushi through the entity Lyvere Gardens LLC as borrower signed a refi loan with lender Wells Fargo valued at $9.5 million for the 45-unit residential elevator building (D9) at the approximate address of 2440 Lyvere Street in Westchester Square, Bronx. On this parcel, there was a 45-unit, 30,272 square-foot residential (R-2) building submitted by Arjan Gjushi with plans filed December 1, 2016 and permitted…
Joel Schwartz through the entity 31 Spencer Street USA LLC as borrower signed a refi loan with lender JG Funding through the entity JG Funding Corp. valued at $12.5 million for nine commercial condominium units at 31 Spencer Street in Bedford Stuyvesant, Brooklyn. On this parcel, there was a 95,995-square-foot office (B) building submitted by Joel Schwartz and filed by Sam Polatsek with plans filed…
Jaspinder Sandhu through the entity Liberty Tuck Ny LLC as borrower signed a refi loan with lender Amalgamated Bank valued at $21.5 million for the hotel building (H3) at 104-16 Tuckerton Street in Jamaica, Queens. There was a new building project for a 96-unit, 59,145 square-foot hotel (R-1) building submitted by Tejpal Sandhu and filed by Tejpal Sandhu with plans filed October 14, 2020 and…
Blend Bekteshi through the entity Blend 251 LLC paid $2.3 million to Charles M. Greef through the entity D.M.T. Realty Corp. for the industrial building (E1) at 251 43rd Street in Sunset Park, Brooklyn. The deal closed on January 19, 2024 and was recorded on January 23, 2024. The property has 7,000 square feet of built space and 7,011 square feet of additional air rights…
Greenbrook Partners and Carlyle Group through the entity Townhouse Rental II, L.L.C. paid $2.5 million to Jakup Shalesi through the entity 1012 Halsey LLC for the three-unit building (C0) at 1012 Halsey Street in Bushwick, Brooklyn. The deal closed on January 17, 2024 and was recorded on January 23, 2024. The property has 2,360 square feet of built space and 2,014 square feet of additional…
Ranjana Chada through the entity Broadway 1460 LLC paid $2.8 million to Dov Fried and Chaya Fried through the entity Vilinuis Inc. for the hotel building (H4) at 1461 Broadway in Bushwick, Brooklyn. The deal closed on January 16, 2024 and was recorded on January 23, 2024. The property has 7,500 square feet of built space according to a PincusCo analysis of city data. The…
Simon Ausch through the entity 31 Spencer Tower LLC paid $3.4 million to Joel Schwartz through the entity 31 Spencer Street USA LLC for a commercial condominium unit at 31 Spencer Street in Bedford Stuyvesant, Brooklyn. The deal closed on January 17, 2024 and was recorded on January 23, 2024. The signatory for Joel Schwartz was Joel Schwartz. The signatory for Simon Ausch was Simon…
An entity in care of One Wealth Partners, called Four Boys II LLC, paid $14.4 million to Morgenstern Capital and Canvas Property Group through the entity 118 2nd Ave Ny LLC for the 23-unit residential walkup building (C7) at 118 Second Avenue in East Village, Manhattan. The deal closed on January 12, 2024 and was recorded on January 23, 2024. The property has 16,060 square…
Jack Shainman Gallery through the entity J & C Future LLC paid $18.2 million to Elad Group through the entity Civic Center Community Group Broadway LLC for a retail space composes of four condominium units at 46 Lafayette Street in Civic Center, Manhattan, property at 108 Leonard Street in Civic Center, Manhattan, and property at 108 Leonard Street in Civic Center, Manhattan. The residential and…
Lender ACRES Capital through the entity 170 East 80th Street Holdings LLC acquired from Kate Junghee Shin through the entity 170 East 80th Street Mansion LLC the retail building (K2) at 170 East 80th Street in Carnegie Hill, Manhattan, with a transfer value of $34.4 million. The transfer was a deed-in-lieu of foreclosure, after Kate Shin defaulted on the loan from ACRES Capital secured by…
Joel Guttman through the entity Fairmount Bx LLC as borrower signed a refi loan with lender Starwood Mortgage Capital valued at $7 million for the 25-unit residential walkup building (C7) at 785 Fairmount Place in Tremont, Bronx. On the lot, there was one new building construction project for a 25-unit, 11,281 square-foot residential (R-2) building. The project was submitted by Leo Greenfield with plans filed…
Fereidoon Behin through the entity Myrtle Ave Development Partners 2 LLC as borrower signed a refi loan with lender Ready Capital through the entity Readycap Commercial, LLC valued at $8.6 million for four properties with two residential units including the mixed-use building (K9) at 56-50 Myrtle Avenue in Ridgewood, Queens, mixed-use building (K4) at 56-48 Myrtle Avenue in Ridgewood, Queens, and retail building (K4) at…
German real estate investment firm Tatar Holding through the entity Tatar Mhl LLC paid $5.1 million to Conway Capital through the entity Aajc 506 LLC for the 14-unit residential walkup building (C4) at 506 East 6th Street in Alphabet City, Manhattan. This is at least the second property Conway Capital has sold to Tatar Holding in the past year. The deal closed on January 12,…
Parag Sawhney’s Penn South Capital through the entity 306 Graham RLA LLC paid $6 million to members of the Sarro family for the five-unit mixed-use building (O9) at 308 Graham Avenue in Williamsburg, Brooklyn. The deal closed on December 15, 2023 and was recorded on January 22, 2024. The property has 12,780 square feet of built space and 2,199 square feet of additional air rights…
The entity 235-239-241 39th St LLC paid $6.8 million to several partial owners for the eight-unit residential walkup building (C4) at 235 East 39th Street in Murray Hill, Manhattan, eight-unit residential walkup building (C1) at 239 East 39th Street in Murray Hill, Manhattan, and eight-unit residential walkup building (C1) at 241 East 39th Street in Murray Hill, Manhattan. The deal closed on December 18, 2023…
Raymond Yu’s Yuco Management through the entity Sunset Park Properties, LLC paid $8.8 million to Robin E. Gross and Arthur Purzycki through the entity 134 Montague Realty Property, LLC for the seven-unit residential walkup building (C7) at 134 Montague Street in Brooklyn Heights, Brooklyn. The deal closed on December 20, 2023 and was recorded on January 22, 2024. The property has 7,825 square feet of…
A Korean trust managed by a South Korean bank alleges a $25 million mezzanine loan given for Moin Development’s Mondrian hotel project at 444 Park Avenue South in NoMad, Manhattan, was not repaid and now nearly $37.4 million is owed. David Moinian lost the property in foreclosure last year. Case LINK Court filings represent the position of one party and are not necessarily accurate or…
Daniel Kaykov, CEO of Renovation Group, signed a $12 million contract to buy land with 49,753 square feet of development rights that makes up a portion of the parcel at 259 22nd Street in Greenwood Heights, Brooklyn. The seller is St. John’s Roman Catholic Church, which will remain on a portion of the current tax lot. The existing tax lot, 13, will be divided into…
UPDATED: Jeff Sutton of Wharton Properties sold the 115,000-square-foot retail at 717 Fifth Avenue in the Plaza District for $963 million to the publicly traded Paris-based fashion brand, Kering. The sale closed today, January 22, 2024, according to a news release from the buyer. The retail space is currently occupied by Armani and Dolce & Gabbana. Kering owns luxury fashion brands such as Gucci, Saint…
