Chuansheng Wang through the entity New Avatar Property Holdings LLC paid $4.8 million to Xiao Ke Tang through the entity JJ Queens Development LLC for the retail condo unit at 46-02 70th Street in Maspeth, Queens. This is the base of a rental and retail building. The deal closed on November 20, 2023 and was recorded on December 4, 2023. The property has 10,897 square…
Two80 Real Estate Ventures and Michaell DiFonzo through the entity 35 Thayer Realty LLC paid $6 million to Bronstein Properties through the entity Thayer 35 LLC for the 53-unit residential walkup building (C1) at 35 Thayer Street in Washington Heights, Manhattan. The deal closed on November 30, 2023 and was recorded on December 4, 2023. The property has 34,040 square feet of built space and…
$8M Chinatown bankruptcy: Owner Grace Chen filed a petition in U.S. Bankruptcy Court in Brooklyn, which claims the mixed-use building at 44 Bowery in Chinatown is worth $8 million and has debts of $4.9 million, but is set for an auction tomorrow in Manhattan. This filing will halt that scheduled auction. The case is 1-23-44458-ess. LINK The lender Emigrant Funding Corp. on September 7, 2021,…
The bondholders for a securitized loan acquired the retail cooperative unit from the Klein Group at 659 Broadway in the West Village, Manhattan, that had a judgment lien of $7.9 million. The property also has the address 77-79 Bleecker Street. The bondholders for Wells Fargo Commercial Mortgage Trust 2019-C49 won the auction on November 1, 2023 at the Daniel Patrick Moynihan U.S. Courthouse in Lower…
$5.5M Penn Plaza pre-foreclosure: This is for unit 2010 at the commercial condominium building at 20 West 33rd Street, a commercial building that was developed into condos by 60 Guilders and Carlyle Group. DK Beauty bought the condo unit for $12.499 million on September 4, 2019. According to the complaint that lender Woori American Bank filed, “The accelerated amounts due under the Note and guarantees,…
Yeruchem Israel through the entity 1952 Anthony Ave Mbsd LLC paid $4 million to David Goldberger through the entity Anthony Residents LLC for the development building (V0) at 1952 Anthony Avenue in Mt Hope, Bronx. On the lot, there is one active new building construction project for a 45-unit, 30,783 square-foot R-2 building. The project was submitted by David Goldberger and filed by David Goldberger…
Menashe Rosenberg and Chaim Reich through the entity Wythe & S11 LLC paid $6.7 million to Eugene Mendlowitz through the entity 479 Wythe Avenue LLC for the vacant lot (G7) at 47 South 11th Street in Williamsburg, Brooklyn. The deal closed on November 14, 2023 and was recorded on December 1, 2023. The property has zero square feet of built space and 16,524 square feet…
The 15 West 43rd Street LLC with anonymous ownership took title of the Princeton Club hotel (H5) building at 15 West 43rd Street in Midtown West, Manhattan, through a public foreclosure auction held in September in which it won with a credit bid. The total judgment was $43.4 million. The deal closed on November 21, 2023 and was recorded on December 1, 2023. The property…
Victor Gjonaj through the entity 96-09 Rego Park LLC paid $10.8 million to the entity 96-09 Realty Co., LLC for the 66-unit residential elevator building (D1) at 96-09 66th Avenue in Rego Park, Queens and development parcel (V0) at Booth Street in Rego Park, Queens. The deal closed on November 28, 2023 and was recorded on December 1, 2023. The two properties have 78,384 square…
The Chetrit Group through the entity 1009 Park Owner LLC paid $32.8 million to long-time family owners through the entity Parkton Associates, LLC for the 26-unit residential elevator building (D9) at 1009 Park Avenue in Carnegie Hill, Manhattan. The Commercial Observer first reported the property was in contract with a price of $35 million, identifying the brokers as Adam Spies, Adam Doneger, Michael Collins and…
Ranco Capital through the entity 2045 Ocean Ave LLC as borrower signed a refi loan with lender Webster Bank valued at $17.7 million for the 50-unit residential building at 2045 Ocean Avenue in Midwood, Brooklyn. Joseph Banda submitted a new building construction project for a 50-unit, 33,913 square-foot residential (R-2) building at 2039 Ocean Avenue in Midwood, Brooklyn. The plan was filed with the New…
Affordable housing developer Alembic Community Development through the entity Brownsville Crossing Owner LLC as borrower signed a new construction loan with lender Citizens Bank valued at $30 million for three development parcels including the vacant land (V1) at 47 New Lots Avenue in Brownsville, Brooklyn, development building (V0) at 120-122 Liberty Avenue in Brownsville, Brooklyn, and vacant lant (V0) at 609 Osborn Street in Brownsville,…
United Developers through the entity 63rd Saunders LLC paid $2.5 million to Stefanie A. Juster through the entity Juster Associates LLC for the mixed-use building (K2) at 94-19 63rd Drive in Rego Park, Queens. The deal closed on November 21, 2023 and was recorded on November 30, 2023. The property has 5,000 square feet of built space and 1,074 square feet of additional air rights…
Anrou Chen and Jinke Wang through the entity W & C Plaza LLC paid $3.3 million to John Po Sheng Hsu through the entity 111 Roosevelt Development LLC for the seven-unit residential walkup building (C7) at 108-42 Roosevelt Avenue in Corona, Queens. The deal closed on November 3, 2023 and was recorded on November 30, 2023. The property has 6,786 square feet of built space…
Rajive Maret through the entity Cromwell Inwood LLC paid $5.2 million to Gerrie Schwartz through the entity 1419 Inwood Avenue, Corp. for the industrial building (E9) at 1419 Inwood Avenue in Mt Eden, Bronx. The deal closed on November 27, 2023 and was recorded on November 30, 2023. The property has 27,000 square feet of built space according to a PincusCo analysis of city data….
Accelerate through the entity Aio Evg Operating, LLC paid $5.6 million to EVgo through the entity 9201 5th Ave LLC for the retail building (K5) at 9201 5th Avenue in Bay Ridge, Brooklyn. The deal closed on November 6, 2023 and was recorded on November 30, 2023. The property has 1,430 square feet of built space and 19,422 square feet of additional air rights for…
An investor through the entity Baltic Heights LLC paid $13.9 million to Scott Pedowitz through the entity 524 Baltic Holding Co. LLC for the retail building (K1) at 524 and 526 Baltic Street in Gowanus, Brooklyn. On this lot, there is one active major alteration construction project for a 96-unit, 74,629 square-foot R-2 building. The project was submitted by Scott Pedowitz with plans filed February…
Kerrisdale Real Estate Partners through the entity Kerrisdale Queens Six LLC paid $1.9 million to Vimael Realty Inc. for the five-unit mixed-use building (S9) at 86-22 Jamaica Avenue in Woodhaven, Queens. The deal closed on November 15, 2023 and was recorded on November 28, 2023. The property has 5,770 square feet of built space and 304 square feet of additional air rights for a total…
Cirrus Real Estate Partners through the entity Cirrus Real Estate Funding Six LLC bought a note with an original principal of $105 million from Cottonwood Group secured by Savanna’s newly built class A office building (O4) The Six at 106 West 56th Street in Midtown West, Manhattan. It was not clear if this was a standard note sale or some other kind of refinancing. Cirrus…
Anshel Fridman through the entity Rogers Plaza Ny LLC as borrower signed a new construction loan with lender Bank Hapoalim valued at $18.6 million for the industrial building (G7) at 2605 Snyder Avenue in Flatbush, Brooklyn. On the lot, there is one active new building construction project for a 62-unit, 43,776 square-foot R-2 building. The project was submitted by Anshel Fridman and filed by Anshel…
