Lightstone Group through the entity LSG 365 Bond Street LLC as borrower signed a refi loan with lender JLL through the entity JLL Real Estate Capital LLC valued at $165.6 million for the 429-unit residential elevator building (D6) at 365 Bond Street in Gowanus, Brooklyn. The deal closed on December 5, 2023 and was recorded on December 8, 2023. The prior lender was Series 2019-GC38…
Soudha Realty paid $4 million to the entity Nancy Sara LLC for the five-unit residential walkup building (C2) at 233 East 60th Street in Lenox Hill, Manhattan. The deal closed on November 29, 2023 and was recorded on December 8, 2023. The property has 5,618 square feet of built space and 3,022 square feet of additional air rights for a total buildable of 8,636 square…
Cohabs through the entity 1162 Pacific LLC paid $4.2 million to Richard Thypin through the entity Pacific Street Owner, LLC for the four-unit property (C5) at 1162 Pacific Street in Crown Heights, Brooklyn. The deal closed on November 28, 2023 and was recorded on December 8, 2023. The property has 7,296 square feet of built space and 438 square feet of additional air rights for…
Gorjian Real Estate Group through the entity 200 Mott Owner LLC paid $7.5 million to Kokot Realty Enterprises through the entity Chelsea 18 Partners, L.P. for the 26-unit residential walkup building (C7) at 200 Mott Street in Nolita, Manhattan. The deal closed on November 29, 2023 and was recorded on December 8, 2023. The property has 12,000 square feet of built space and 2,138 square…
Consolidated Edison Company through the entity Consolidated Edison Company Of New York, Inc. acquired an interest from the Tomassetti family through the entity 789 East 91st Street LLC valued at $14.8M for industrial building (E1) at 789 East 91st Street in East Flatbush, Brooklyn. The deal closed on October 5, 2023 and was recorded on December 8, 2023. The property has 44,000 square feet of…
Former lender A10 Capital through the entity A10 Cap Reo-535 Broadway, LLC acquired from Continental Equities Group through the entity 535 Broadway Group LLC the four-unit mixed-use building (K4) at 535 Broadway in SoHo, Manhattan, with a transfer valuation of $23 million. This is the second property A10 took back from Continental in two months. The transfer closed on December 6, 2023 and was recorded…
The Roman Catholic Archdiocese of New York signed a contract earlier this year to sell up to 525,000 square feet of development rights from St. Patrick’s Cathedral at 631 Fifth Avenue to a development group including Kenneth Griffin of the hedge fund Citadel LLC and Vornado Realty Trust that is planning a 1.7 million square foot tower at 350 Park Avenue, in Midtown East in…
David Halberstam through the entity 630 Grand St LLC as borrower signed a refi loan with lender Bank of Princeton through the entity The Bank Of Princeton valued at $11 million for the 22-unit project at 630 Grand Street in Williamsburg, Brooklyn. On the lot, there is one active new building construction project for a 20-unit, 13,691 square-foot R-2 building. The project was submitted by…
Yisroel Felberbaum through the entity 1759-63 W. Farms Rd LLC as borrower signed a new construction loan with lender NorthEast Community Bank valued at $21.8 million for the industrial building (E9) at 1759-1763 West Farms Road in East Morrisania, Bronx. On the lot, there is one active new building construction project for a 66-unit, 38,645 square-foot R-2 building. The project was submitted by Manny Felberbaum…
Harry Einhorn through the entity Carroll Development Plaza LLC as borrower signed a new construction loan with lender Bank Hapoalim through the entity Bank Hapoalim B.M. valued at $85 million for two properties including the retail building (K1) at 884 Franklin Avenue in Crown Heights, Brooklyn. On these lots, there is one active new building construction project for a 69-unit, 54,252 square-foot R-2 building. The…
Affordable housing developer Westhab through the entity 6661 Broadway Borrower Housing Development Fund paid $4.8 million to the entity 205 West 262nd St. LLC, affiliated with Uri Koenig and Joshua West, for a development site including the retail building (K1) at 6661 Broadway in North Riverdale, Bronx. On these lots, there is one active new building construction project for a 28-unit, 32,136 square-foot building. The…
The entity 157 Chambers Retail, LLC with unknown ownership paid $5 million to California-based HP Investors through the entity Hpa 157 Chambers Retail LLC for two retail condominium units at 157 Chambers Street in Tribeca, Manhattan. The deal closed on November 29, 2023 and was recorded on December 7, 2023. The two properties have 5,084 square feet of built space according to a PincusCo analysis…
The nonprofit Quality Services for the Autism Community through the entity Qsac, Inc paid $6.5 million to Congregation Etz Hayim at Hollis Hills Bayside for the specialty building (M1) at 245-37 60th Avenue in Little Neck, Queens. Quality Services for the Autism Community has already been occupying the building with a school. The deal closed on November 30, 2023 and was recorded on December 7,…
Harshad Patel through the entity New Ram Realty LLC paid $8 million to heirs of the late investors Mendy Taffel and Don Resnicoff through the entity Cjc Kcm LLC (and others) for the fee under the hotel building (H3) at 59-40 55th Drive in Maspeth, Queens. Patel controls the hotel through a 45-year ground lease he as tenant signed with the seller entity in 2004….
Ruben Luna through the entity 1771 Utica Properties LLC paid $9.8 million to George Kyriakoudes through the entity Lancaster Realty Mgt. Corp. for the mixed-use building (K1) at 1771-1807 Utica Avenue in Flatlands, Brooklyn. The deal closed on November 30, 2023 and was recorded on December 7, 2023. The property has 16,200 square feet of built space and 33,600 square feet of additional air rights…
Wells Fargo through the entity Wells Fargo Properties, Inc. acquired an interest from Related Companies and Oxford Properties Group through the entity ERY Retail Podium LLC valued at $321.7 million for a portion or all of a retail condominium unit at 20 Hudson Yards in Hudson Yards, Manhattan. This transaction is part of a $550 million deal in which Wells Fargo would buy the retail…
The Japanese company Shink Co. through the entity Shink Co., Ltd. paid $10.5 million to JAM Real Estate Partners through the entity Jam 422e81 LLC for the 20-unit residential walkup building (C1) at 422 East 81st Street in Yorkville, Manhattan. The deal closed on November 30, 2023 and was recorded on December 7, 2023. The property has 11,000 square feet of built space according to…
Jacob Schwimmer through the entity 540 Atlantic Realty LLC as borrower signed a new construction loan with lender Valley National Bank valued at $63 million for the 159-unit ground up construction project at 540 Atlantic Avenue in Boerum Hill, Brooklyn. On the lot, there is one active new building construction project for a 159-unit, 113,429-square-foot R-2 building. The project was submitted by Sam Teitelbaum with…
Extell Development through the entity UES Commercial LLC as borrower signed a new construction loan with lender Cain International through the entity Cain International Agent Limited valued at $175 million for the development project at 1522 First Avenue in Yorkville, Manhattan. The loan includes $55 million in new debt and about $120 million refinanced debt. Gary Barnett’s Extell Development, on November 23, filed a permit…
Kahen Properties through the entity Third North Holdings LLC as borrower signed a new construction loan with lender TD Bank valued at $57 million for a development at 1026 Third Avenue in Lenox Hill, Manhattan. On the lot, there is one active new building construction project for an 81-unit, 100,053-square-foot residential (R-2) building. The project M00683925 was submitted by Majid Kahen with plans filed March…
