Transfers

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Related Companies signs $430.8M construction loan for development in Willets Point

Related Companies through the entity Willets Point Phase I Housing Development Fund as borrower signed a new construction loan with lender NYC Housing Development Corporation valued at $430.8 million for three parcel development site at 126-20 Willets Point Boulevard in Willets Point, Queens. On these lots, there are two active new building construction projects and major alteration projects with initial costs more than $5 million,…

Avi Ben Hamo pays $3M for mixed-use in Crown Heights

Avi Ben Hamo through the entity 731 Washington LLC paid $3 million to Albert Appleton through the entity 731 Washington Realty LLC for the five-unit mixed-use building (S5) at 731 Washington Avenue in Crown Heights, Brooklyn. The deal closed on November 28, 2023 and was recorded on December 6, 2023. The property has 5,510 square feet of built space and 2,922 square feet of additional…

Kuoching Hsu pays $3.9M for residential walkup in Lenox Hill

Kuoching Hsu through the entity 326 E 61 LLC paid $3.9 million to Al Jinete through the entity 326 East 61 Realty LLC for the 20-unit residential walkup building (C7) at 326 East 61st Street in Lenox Hill, Manhattan. The deal closed on December 1, 2023 and was recorded on December 6, 2023. The property has 10,670 square feet of built space and 2,703 square…

Leonid Bogomolniy, Oleksandr Nad pay $5.25M for church property in Two Bridges

Oleksandr Nad through the entity 83 Madison Holdings LLC paid $5.25 million to Roman Catholic Church of St. Joachim for the specialty building (M1) at 83-85 Madison Street in Two Bridges, Manhattan. PincusCo reported in July that developer Leonid Bogomolniy was the contract vendee for the property under the same purchase entity and contract date, according to a court filing. Oleksander Nad is listed as…

Wharton Properties sells mixed-use in Greenwich Village to Junction Management for $9.3M

Junction Management through the entity 300 East 69th Street LLC paid $9.3 million to Jeff Sutton’s Wharton Properties through the entity 275 Bleecker Street LLC for the four-unit mixed-use building (S4) at 275 Bleecker Street in Greenwich Village, Manhattan. The deal closed on November 17, 2023 and was recorded on December 6, 2023. The property has 4,519 square feet of built space and 1,803 square…

Private lender files $7.5M pre-foreclosure at Soho Properties FiDi vacant lot

The private Lakewood-based lender Blueberry Funding filed a $7.5 million pre-foreclosure action at Soho Properties’ vacant property at 51 Park Place, in the Financial District, next door to Soho Properties towering and delayed condominium project at 45 Park Place. “Upon information and belief, there is now due and owing to Plaintiff the principal sum of $7,500,000, with interest thereon from December 1, 2022, together with…

Parkview files $66M pre-foreclosure at Aview Equities topped-out, 131-unit project in Windsor Terrace

Lender Parkview Financial filed a $66 million pre-foreclosure action at Aview Equities’ 131-unit, topped-out new construction project at 57 Caton Place in Windsor Terrace, Brooklyn. The lender filed the case December 5, 2023, in State Supreme Court in Brooklyn, under the index number 535556/2023. PincusCo reported on Parkview providing the $66 million loan in December 2021. That loan provided was additional $20 million in building…

EverWest, now known as Sagard Real Estate signs $32M initial loan for industrial in Maspeth

EverWest Real Estate Investors, now known as Sagard Real Estate, through the entity GFP Cl Maspeth 55-30 LLC as borrower signed a initial loan with lender J.P. Morgan Asset Management through the entity GIM Commercial Mortgage Loan Fund LP valued at $32 million for the industrial building (F9) at 55-30 46th Street in Maspeth, Queens. The deal closed on August 30, 2023 and was recorded…

Jade Century Properties signs $101M refi for residential elevator in Flushing

Jade Century Properties through the entity Flushing Point Property LLC as borrower signed a refi loan with a new lender, Highbridge Partners III LLC, located at the address of Jade Century Properties, valued at $101 million for the 162-unit residential elevator building (D6) at 131-02 40th Road in Flushing, Queens. The deal closed on November 20, 2023 and was recorded on December 5, 2023. The…

Vanessa Evans pays $5M for retail in Hudson Square

Vanessa Evans through the entity Serendipity Holdings LLC paid $5 million to Dominick Incantalupo through the entity 45 Renwick Street, LLC for the retail building (K1) at 45 Renwick Street in Hudson Square, Manhattan. The deal closed on December 1, 2023 and was recorded on December 5, 2023. The property has 1,494 square feet of built space and 7,489 square feet of additional air rights…

Marc Taub’s Taub Development pays $8.4M for ground lease in Woodside, Taub owns the fee

Marc Taub’s Taub Development through the entity 48-18 Leasehold, LLC paid $8.4 million to Pwr16 48-18 Northern Blvd LLC for the leasehold on the retail building (K6) at 48-18 Northern Boulevard in Woodside, Queens and the retail building (K6) at 48-18 48th Street in Woodside, Queens. Taub is the fee owner. The CMBS bondholders foreclosed on a 2007 $40 million loan and the ground lease…

Alma Realty pays $13.1M to Sentinel for 96-unit rental in Sheepshead Bay

Alma Realty through the entity 1775 East Realty LLC paid $13.1 million to Sentinel Real Estate through the entity 1775 East 18th Street LLC for the 96-unit residential elevator building (D1) at 1775 East 18th Street in Sheepshead Bay, Brooklyn. The deal closed on November 29, 2023 and was recorded on December 5, 2023. The property has 109,312 square feet of built space according to…

Joyce Theater pays $16M to anonymous seller for theater in East Village

The dance nonprofit the Joyce Theater Foundation through the entity Joyce 287 E10, LLC paid $16 million to the entity 287 East 10th LLC, which is anonymously owned, for the theater building (P9) at 287 East 10th Street in East Village, Manhattan. The deal closed on November 30, 2023 and was recorded on December 5, 2023. The property has 50,000 square feet of built space…

R.A. Cohen & Associates pays $19.1M to Bronstein Properties for 46-unit rental in Brooklyn Heights

R.A. Cohen & Associates through the entity Aviv 136 Associates LLC paid $19.1 million to Bronstein Properties through the entity Hicks 136 LLC for the 46-unit residential elevator building (D9) at 136 Hicks Street in Brooklyn Heights, Brooklyn. The deal closed on November 29, 2023 and was recorded on December 5, 2023. The property has 48,414 square feet of built space according to a PincusCo…

Jacob Schwimmer pays $38M for office in Boerum Hill, possible dev site

Jacob Schwimmer through the entity 540 Atlantic Realty LLC paid $38 million to Gus Papadimitriou through the entity Daily Mirror Associates LLC for the office building (O2) at 540 Atlantic Avenue in Boerum Hill, Brooklyn. On the lot, there is one active new building construction project for a six-unit, 1,248 square-foot R-2 building. The project was submitted by Sam Teitelbaum with plans filed May 17,…

Ohana pays $110.5M for Hilton hotel in Boerum Hill

Ohana Real Estate Investors through the entity HB Propco LLC paid $110.5 million to Tidal Real Estate Partners through the entities including 140 Schermerhorn Street Property Owner LLC and 71 Smith Street Retail LLC for the Hilton Brooklyn New York hotel condominium unit and three retail units in the building at 140 Schermerhorn Street in Boerum Hill, Brooklyn. The sale occurred in two transactions, one…

Pinnacle Group signs $65M refi with Starwood for 172-unit rental on Upper West Side

Joel Wiener’s Pinnacle Group through the entity Hudson Park NY LLC as borrower signed a refi loan with lender Starwood Mortgage Capital through the entity Starwood Mortgage Capital LLC valued at $65 million for the 172-unit residential elevator building (D7) at 323 West 96th Street in Upper West Side, Manhattan. The deal closed on November 6, 2023 and was recorded on December 4, 2023. The…

MAG Partners signs $95M construction loan with Bank OZK for 114-unit project in Turtle Bay

MAG Partners through the entity 300 East 50th Street Owner LLC as borrower signed a new construction loan with lender Bank OZK through the entity Bank Ozk valued at $95 million for the 22-unit residential walkup building (C7) at 300 East 50th Street in Turtle Bay, Manhattan. On the lot, there is one active new building construction project for a 114-unit, 117,895 square-foot residential (R-2)…

MCR, Island Capital Group sign $260M refi with Fortress for hotel in Midtown West

MCR and Island Capital Group through the entity Snyts Owner LLC as borrower signed a refi loan with lender Fortress Investment Group through the entity Fortress Credit Co LLC valued at $260 million for the Sheraton New York Times Square Hotel (H1) at 811 Seventh Avenue in Midtown West, Manhattan. The deal closed on November 13, 2023 and was recorded on December 4, 2023. The…

Joseph Rubin, Jason Edelman pay $2.7M for four small properties in Astoria

Joseph Rubin and Jason Edelman through the entity 1435 27th Avenue LLC paid $2.7 million to the estate of Maria Sarikis Floropoulos for the three-unit 1-4 family building (C0) at 26-36 18th Street in Astoria, Queens, three-unit 1-4 family building (C0) at 26-38 18th Street in Astoria, Queens, and four-unit 1-4 family building (C3) at 14-37 27th Avenue in Astoria, Queens. The deal closed on…