Theodore E. Serure through the entity 305 Broadway Realty LLC paid $3.8 million to Kenneth Moslin through the entity 305 Realty Co. LLC for the mixed-use building (K4) at 305 Broadway in Williamsburg, Brooklyn. Theodore Serure, who also used the name Ted Serure, owns Telco Stores, which currently occupies the building. The deal closed on December 12, 2023 and was recorded on December 18, 2023….
Donald Speranza through the entity Nelic LLC paid $17 million to John Thor through the entity JT LIC Realty Corp. for three adjacent industrial properties including (E1) at 47-42 37th Street, the industrial building (E1) at 47-52 37th Street and an adjacent industrial lot (G7) on 37th Street, all in Sunnyside, Queens. The deal closed on November 30, 2023 and was recorded on December 18,…
The New York entity Major Capital, LLC, with unknown ownership, paid $38 million to the Riese Organization through the entity 560 Fifth Owner, LLC for the retail building (O5) at 560 Fifth Avenue in Midtown West, Manhattan. The deal closed on December 14, 2023 and was recorded on December 18, 2023. The property has 13,580 square feet of built space and 11,811 square feet of…
Lender TPG Real Estate Partners through the entity 1825 Park Avenue Acquisition Co., LLC acquired from borrower Savanna through the entity 1825 Park Avenue Property Investors III, LLC, the office building (O6) at 1825 Park Avenue in East Harlem, Manhattan with a $56.2 million transfer value. The transfer closed on December 15, 2023 and was recorded on December 18, 2023. The property has 112,500 square…
Steven Danza through the entity 105-107 Beach 90 St LLC as borrower signed a refi loan with lender Galinn Fund valued at $9 million for five properties with 12 residential units including the retail building (K1) at 84-02 Astoria Boulevard in Jackson Heights, Queens, three-unit 1-4 family building (C0) at 1-09 Beach 90th Street in Rockaway Beach, Queens, and three-unit 1-4 family building (C0) at…
Wasserstein Enterprises through the entity Wasserstein Enterprises L.L.C. as borrower signed a refi loan with lender Apple Bank for Savings valued at $19.9 million for the office building (O6) at 115 West 18th Street in Chelsea, Manhattan. The deal closed on December 7, 2023 and was recorded on December 15, 2023. The prior lender was Apple Bank for Savings which held debt that had an…
Evgeniy Josovits through the entity Matthew J Building LLC paid $1.8 million to Aviva Haim through the entity Haim Holding LLC for the retail building (K2) at 5702 Church Avenue in East Flatbush, Brooklyn. The deal closed on October 31, 2023 and was recorded on December 15, 2023. The property has 2,530 square feet of built space and 2,049 square feet of additional air rights…
Silverline Group through the entity 3078 LLC paid $5.3 million to Catherine Fecci through the entity Estate Of Catherine Fecci for the two-unit building (B2) at 30-78 29th Street in Astoria, Queens. On the lot, there is one active new building construction project for a 27-unit, 18,611 square-foot R-2 building. The project was submitted by Silverline Group and filed by Desmond Neill with plans filed…
RFR Holding through the entity RF 350 LP LLC acquired an interest from its partner CP Capital through the entity Recap 11 Bond Investment, L.P. valued at $19.8 million for the retail building (K2) at 11 Bond Street, also known as 350 Lafayette Street, in NoHo, Manhattan. The deal closed on December 8, 2023 and was recorded on December 15, 2023. The property has 14,925…
Monadnock Development through the entity VB Utica Crescent Owner LLC in partnership with VB Ccpopd Housing Development Fund Corporation paid $26.7 million to Brookdale Hospital Medical Center for the development site (G7) at 832 Rutland Road in East Flatbush, Brooklyn. Brookdale is part of the One Brooklyn Health, which also includes Kingsbrook Jewish Medical Center. Monadnock and CB-Emmanuel Realty partnered to development the site, called…
Columbia Pacific Advisors and JTRE are engaged in a funding dispute which has slowed build-out of a retail space in NoMad and led the lender to file a pre-foreclosure action in the Upper West Side even though there has been no loan payment defaults on either loan. The lender is claiming several small insurance payments were not made, which triggered the $9.2 million foreclosure filing…
A state court has set an auction date of January 12, 2024, for the mixed-use condominium building Shirokia Tower at 142-28 38th Avenue in Flushing, Queens, with 23 residential units, one retail unit and three community facility units. The approximate judgment is $28.2 million. The property has been in and out of bankruptcy and foreclosure for much of the past eight years. In March of…
Tishman Realty through the entity East 16th Street Owner LLC as borrower signed a loan with lender Popular Bank through the entity Banco Popular de Puerto Rico valued at $14.8 million for the 150-unit development site at 112 East 16th Street in Gramercy, Manhattan. On the lot, there is one active new building construction project for a 150-unit, 110,142 square-foot residential (R-2) building. The project…
McSam Hotel Group through the entity NYHK West 40 LLC as borrower signed a refi loan with lender Deutsche Bank valued at $120 million for the Doubletree By Hilton New York Times Square West hotel building (H2) at 350 West 40th Street in the Garment District, Manhattan. This entity, NYHK West 40 LLC, is the ground tenant under a lease with the landlord, another entity…
Jiansheng Wu through the entity Hua Group LLC paid $2.6 million to Virginia Lupoli through the entity Lupo Development LLC for the industrial building (E1) at 37-11 Crescent Street in Long Island City, Queens. The deal closed on December 6, 2023 and was recorded on December 14, 2023. The property has 4,907 square feet of built space and 4,607 square feet of additional air rights…
Human Care Services through the entity Human Care Services For Families & Children, Inc. paid $3.3 million to Joel Schwartz through the entity 31 Spencer Street Usa LLC for the property at 31 Spencer St in Bedford Stuyvesant, Brooklyn. The deal closed on December 4, 2023 and was recorded on December 14, 2023. The signatory for Joel Schwartz was Joel Schwartz. The contract date was…
The securitized lender entity, DBJPM 2017-C6 611 Degraw LLC acquired the Union Hotel at 611 Degraw Street in Gowanus, Brooklyn, through a foreclosure auction resulting in a transfer value of $8 million. The former owner was Alec Shtromandel. The deal closed on November 22, 2023 and was recorded on December 14, 2023. The property has 12,625 square feet of built space according to a PincusCo…
BRP Companies, Fairstead, and Urbane through the entity NYC Pact Preservation Partners LLC as tenant signed a ground lease valued at $23.3 million with the New York City Housing Authority as landlord for 87 buildings with nearly 1,700 units including the 230-unit residential elevator building (D9) at 710 East New York Avenue in East Flatbush, Brooklyn, 48-unit residential walkup building (C1) at 619 Howard Avenue…
Three anonymous entities each in care of the law firm Arnold & Porter Kaye Scholer and likely purchased by the same investor, acquired three hotels on December 8, 2023, that Sam Chang’s McSam Hotel Group developed in Midtown West, Penn Plaza and the Garment District. Though Sam Chang was involved in the development of the three properties, he was the seller signatory for two of…
Investor Edouard Ullmo, who participated in the $46 million purchase in March 2018 of a 56,000-square-foot office condominium unit at the base of the mixed-use condo building 135 West 52nd Street in Midtown West, is suing the deal’s managing partner Beekman Reim and principal Ariel Lahmi, over an alleged $1.38 million commission payment and alleged lack of transparency in the deal. The case was filed…
