Sunlight Development Group submitted a condominium plan with a total sellout of $268.7 million, for a 127-unit project in Flushing, Queens, at 138-18 Northern Boulevard, between Union and Bowne streets. It is unclear how many of those units are residential, as there is a conflict between the condo plan and the latest city Department of Buildings plans. The latest DOB plan shows 68 residential units,…
Infinite Horizons through the entity West Harlem Renaissance Housing Development Fund C as borrower signed a rehab construction loan with lender Webster Bank valued at $52.3 million for five properties with 121 residential units including the 42-unit residential elevator building (D4) at 103-109 West 141st Street in Harlem, Manhattan, 22-unit residential walkup building (C7) at 101 West 141st Street in Harlem, Manhattan, and 30-unit residential…
Camber Property Group through the entity 1601 Dekalb Owner LLC as borrower signed a new construction loan with lender NYC Housing Development Corporation valued at $71.1 million for the 128-unit development at at 1601 Dekalb Avenue in Bushwick, Brooklyn. On the lot, there is one active new building construction project for a 128-unit, 100,444 square-foot R-2 building. The project was submitted by Camber Property Group…
Avdoo & Partners Development through the entity Bergen Owner LLC as borrower signed a new construction loan with lender Valley National Bank through the entity Valley National Bank valued at $105 million for the development building (V0) at 325 Bergen Street in Boerum Hill, Brooklyn. On the lot, there is one active new building construction project for a 104-unit, 136,001 square-foot R-2 building. The project…
KP Developers through the entity United Group 555 LLC paid $2.5 million to Walter Besser estate through the entity Panabricks Corp. for the eight-unit residential walkup building (C1) at 180 Huron Street in Greenpoint, Brooklyn. The deal closed on December 8, 2023 and was recorded on January 3, 2024. The property has 7,063 square feet of built space according to a PincusCo analysis of city…
Red Brick Properties through the entity 839 President Street LLC paid $4 million for the three-unit building (C0) at 839 President Street in Park Slope, Brooklyn. The deal closed on December 15, 2023 and was recorded on January 3, 2024. The property has 4,960 square feet of built space and 1,090 square feet of additional air rights for a total buildable of 6,060 square feet…
Mendel Gluck through the entity 1000 Alabama Ave LLC paid $5.9 million to Israel Lippel through the entity 1000 Alabama Avenue Realty LLC for the industrial building (E1) at 990-1000 Alabama Avenue in East New York, Brooklyn. The deal closed on November 30, 2023 and was recorded on January 3, 2024. The property has 20,000 square feet of built space for a total buildable of…
REDA Holdings through the entity Reda Pacific LLC paid $7 million to Benchmark Real Estate Group through the entity Benchmark 222 LP for the 10-unit residential walkup building (C1) at 222 Pacific Street in Boerum Hill, Brooklyn. The deal closed on December 13, 2023 and was recorded on January 3, 2024. The property has 8,420 square feet of built space according to a PincusCo analysis…
The family of fashion designer Prada paid $410 million to Jeff Sutton’s Wharton Properties for the retail and office building at 720 Fifth Avenue in Midtown West through two transactions. In addition, Bloomberg reported that the company Prada bought the adjacent building, 724 Fifth Avenue, for $425 million on the same day, bringing the total to $835 million. The 724 Fifth Avenue sale has not…
Regal Home Collections through the entity Ec Realty Holdings LLC as borrower signed a refi loan with lender Valley National Bank valued at $20.9 million for the mixed-use building (K4) at 623 Broadway in Greenwich Village, Manhattan. The deal closed on December 22, 2023 and was recorded on January 2, 2024. The prior lender was Valley National Bank which held debt that had an original…
Synergy Hospitality Management through the entity Laguardia Associates, L.P. as borrower signed a refi loan with lender Bsafal Inc. through the entity Ba Lga Plaza Lender LLC valued at $64.5 million for the hotel building (H2) at 104-04 Ditmars Boulevard in East Elmhurst, Queens. The deal closed on December 21, 2023 and was recorded on January 2, 2024. The prior lender was Series 2007-CIBC18 which…
Basilios Vassos through the entity Pp Re LLC paid $2 million to Albert Rabizadeh through the entity Global Asset Properties LLC for the retail building (K1) at 4551 Third Avenue in Belmont, Bronx. The deal closed on December 21, 2023 and was recorded on January 2, 2024. The property has 2,680 square feet of built space and 30,315 square feet of additional air rights for…
UPDATED 4:25 p.m., October 25, 2025: The entity Platteland LLC paid a total of $11.5 million two two separate sellers for two adjacent townhomes at 83 and 85 Sullivan Street in SoHo, Manhattan. In the first, Platteland LLC paid $6.2 million for the three-unit building (C0) at 83 Sullivan Street in SoHo, Manhattan. The deal closed on December 18, 2023 and was recorded on January…
Jeff Sutton of Wharton Properties through the entity 3627 Kingsbridge Ave LLC paid $7.1 million to George Kaperonis through the entity Snowcap, LLC for the Riverdale Diner building (K5) at 3657 Kingsbridge Avenue in Kingsbridge, Bronx and two adjacent parking lots. The deal closed on December 20, 2023 and was recorded on January 2, 2024. The three properties have 4,800 square feet of built space…
Developer Elie Fouerti through the entity 1477 Yorkville LLC paid $8.8 million to Kano Real Estate Investors through the entity Third Avenue 1477 LLC for the mixed-use building (K2) at 1477 Third Avenue in Yorkville, Manhattan. On the lot, there is one active new building construction project for a nine-unit, 25,754 square-foot residential (R-2) building. The project was submitted by Kano Real Estate and filed…
An anonymous buyer through the entity 313 Powell Holdings LLC paid $23.2 million to Bruman Realty through the entity Powell Realty Holdings LLC for the 100-unit hotel building (HR) at 313 Powell Street in Brownsville, Brooklyn. The deal closed on December 19, 2023 and was recorded on January 2, 2024. The property has 52,431 square feet of built space according to a PincusCo analysis of…
Lender First Foundation Bank filed a $16 million pre-foreclosure action alleging retired comedian Bill Cosby and his wife were in a payment default on a loan secured by their 12,060-square-foot Lenox Hill townhouse on East 71st Street, in Manhattan. The bank filed the case in New York State Supreme Court on December 28, 2024, naming William H. Cosby Jr. and Camille O. Cosby. The original…
Jenel Management through the entity Haier America Building,LLC as borrower signed a refinance loan with lender Bank of America valued at $23.8 million for the landmarked Haier Building office building (O5) at 1356 Broadway in Garment District, Manhattan. The building opened as the headquarters for the Greenwich Savings Bank in 1924, and the city designated the building a landmark in 1992. Jenel Management has had…
Bronx Pro Group through the entity TPT Morris LLC as borrower signed a renovation loan with lender JPMorgan Chase valued at $26.5 million for two properties with 39 residential units including the 28-unit residential elevator building (D4) at 2384-2386 Morris Avenue in Fordham Heights, Bronx and 11-unit walkup building (C6) at 1966 University Avenue in Morris Heights, Bronx. The deal closed on December 20, 2023…
Behrooz Shavolian through the entity Bed Stuy Fantastic Four LLC as borrower signed a loan with Ponce Bank valued at $29.6 million for eight development properties including the development site (V1) at 772 Myrtle Avenue in Bedford Stuyvesant, Brooklyn, and the development site (V1) at 890 Myrtle Avenue in Bedford Stuyvesant, Brooklyn. On these lots, there are four active new building construction projects and major…
