Christopher Kyriakides through the entity Blue Spartan Kyriakides 31-01 LLC paid $8.9 million to Anthoula Katsimatides and George Katsimatides through the entity Akat Properties LLC for the 21-unit residential walkup building (C7) at 20-79 31st Street in Ditmars Steinway, Queens. The deal closed on December 19, 2023 and was recorded on December 27, 2023. The property has 15,844 square feet of built space according to…
KSL Capital Partners through the entity 1776 Portfolio Investment, LLC acquired six Hersha Hospitality Trust hotels through the entity Hersha Hospitality Trust (On Behalf Of Its Public including the hotel building (H1) at 132 4th Avenue in Greenwich Village, Manhattan, hotel building (H2) at 206 East 52nd Street in Midtown East, Manhattan, and hotel building (H2) at 148-18 134th Street in South Ozone Park, Queens….
Stefan Soloviev’s Soloviev Group and Douglas Eisenberg’s A&E Real Estate Holdings each suggest the other is to blame after a $120 million deal for control of a 23-story Yorkville rental apartment at 501 East 87th Street fell through, according to a lawsuit Soloviev Group filed yesterday in New York State Supreme Court. Court filings indicate that the discovery of asbestos at the property threw a…
An anonymous lender bought the $25 million note from DW Partners secured by Ezra Unger and Aron Lebovits’s building at 415 Marcy Avenue with an alternate address of 425 Marcy Avenue in Williamsburg, Brooklyn. This property is subject to an ongoing bankruptcy case in the Eastern District, 1:23-bk-40118. It unclear if Cirrus Real Estate Partners is the note buyer. The entity shares an address and…
North Hill Capital Management through the entity 195 Chrystie Street Owner LLC as borrower signed a refi loan with lender T30 Capital through the entity Forthill Chrystie Holder, LLC valued at $16.5 million for the three-unit office building (O6) at 195 Chrystie Street in Lower East Side, Manhattan. The deal closed on December 21, 2023 and was recorded on December 26, 2023. The prior lender…
Jacob Landau through the entity 394 Mother Gaston LLC as borrower signed a new construction loan with lender Popular Bank through the entity Popular Bank valued at $22 million for the industrial building (G7) at 394-402 Mother Gaston Boulevard in Brownsville, Brooklyn. On the lot, there is one active new building construction project for a 62-unit, 74,380 square-foot residential (R-2) building. The project was submitted…
Richard Pogostin and Marc Pogostin through the entity Pulaski St Venture LLC paid $2.2 million to Phillip Miller through the entity 413 Bushwick LLC for the six-unit mixed-use building (S5) at 413 Bushwick Avenue in East Williamsburg, Brooklyn. The deal closed on December 19, 2023 and was recorded on December 26, 2023. The property has 4,500 square feet of built space according to a PincusCo…
Build360 through the entity 122 3rd Place LLC paid $2.6 million to Frank Colapietro for the three-unit building (C0) at 122 3rd Place in Carroll Gardens, Brooklyn. The deal closed on December 14, 2023 and was recorded on December 26, 2023. The property has 2,700 square feet of built space and 1,300 square feet of additional air rights for a total buildable of 4,000 square…
Church of Grace to Fujianese paid $4.1 million to the Evangelical Lutheran Church in America through the entity Metro Synod-Leds LLC for the church building (W2) at 1033 72nd Street and the specialty building (M1) at 1037 72nd Street in Dyker Heights, Brooklyn. This was the church’s second New York City purchase this year. The deal closed on December 18, 2023 and was recorded on…
Simran Sachdev and Suresh Kumar Sachdev through the entity Sach Cap 1915 LLC paid $7 million to the Parlanti Group through the entity 1915 Beverley LLC for a newly constructed 18-unit rental at 1915 Beverley Road in Flatbush, Brooklyn. Rosario Parlanti of 726 Ocean Holdings LLC submitted a new building construction project for an 18-unit, 12,453 square-foot residential (R-2) building at 1915 Beverly Road in…
Travis Stabler’s Rivington Company through the entity 53 Catherine Owner LLC as tenant signed a 99-year ground lease valued at $14.5 million with Group RMC through the entity 53 Catherine NYC Realty LP as landlord, for the development site including the church building (M1) at 53 Catherine Street and the former rectory building (M3) at 5 Monroe Street in Two Bridges, Manhattan. The deal closed…
Mohammed Elsayed through the entity Metro 5022 LLC paid $2.3 million to Elysee Investment Corp through the entity Metropolitan Management LLC for the retail building (K4) at 5022 5th Avenue in Sunset Park, Brooklyn. This is the first Elysee Investment sale PincusCo has tracked in at least two years. The deal closed on December 14, 2023 and was recorded on December 26, 2023. The property…
Abraham Mendel through the entity Atlantic Avenue Properties I LLC as borrower signed a refi loan with lender OptimumBank valued at $15.8 million for the hotel building (H3) at 1225-1235 Atlantic Avenue in Bedford Stuyvesant, Brooklyn. The deal closed on November 27, 2023 and was recorded on December 22, 2023. The prior lender was Bank of America which held debt that had an original loan…
Extell Development through the entity N47 Associates LLC as borrower signed a new construction loan with lender Banco Inbursa valued at $220 million for the hotel project (H1) at 32 West 48th Street in Midtown West, Manhattan. Extell filed plans November 20, 2020, for a 534-unit, 168,897 square-foot hotel (R-1) building, which were submitted by David Rothstein. The loan closed on December 11, 2023 and…
Monadnock Development through the entity Vb Ccpopd Housing Development Fund Corporation as borrower signed a new construction loan with lender NYS Housing Finance Agency valued at $218.7 million for the development site at 564 Utica Avenue in East Flatbush, Brooklyn. On the lot, there is one active new building construction project for a 321-unit, 338,611 square-foot residential (R-2) building. The project was submitted by Brookdale…
Paradigm Management through the entity Bay St. Development LLC paid $6.8 million to Madison Realty Capital through the entity Sdf12 Bay Street LLC for the mixed-use building (K6) at 364 Bay Street in Tompkinsville, Staten Island. The deal closed on November 7, 2023 and was recorded on December 22, 2023. The property has 65,934 square feet of built space and 64,108 square feet of additional…
Group RMC through the entity 53 Catherine NYC Realty LP paid $14.5 million to the Roman Catholic Church and the Church of St. Joachim for the church building (M1) at 53 Catherine Street and the religious building (M3) at 5 Monroe Street in Two Bridges, Manhattan. The deal closed on December 14, 2023 and was recorded on December 22, 2023. The two properties have 49,939…
Arizona-based lender Avana Capital filed a $33 million pre-foreclosure action last week at the stalled construction site at 842 Sixth Avenue in NoMad, where developers planned the world’s tallest modular hotel project, according to a press release from 2019 announcing $65 million in construction funding. Case LINK The original maximum senior loan was $50 million, but the complaint says only $25.5 million of that is…
Ground lessors AEW Capital Management and ABS Partners Real Estate offered to turn over the ground lease controlling the Midtown East office building at 136 East 57th Street once valued at $42.77 million to lender Cerco Funding, according to court records. AEW and ABS made the offer in October, according to a lawsuit filed in Manhattan State Court on December 22, 2023, in which Cerco…
Prabhpreet Janjua paid $4.1 million for two adjacent industrial properties at 101-42 99th Street and 101-32 99th Street, in Ozone Park, Queens, in two separate transactions. In the first, Prabhpreet Janjua through the entity 99 Akal LLC paid $2.4 million to Mario Faulisi and Grace Faulisi through the entity 101-42 99th Equities LLC for the industrial building (F9) at 101-42 99th Street in Ozone Park,…
