Developer Joel Schwartz through the entity 333 Bedford Ave LLC paid $3.5 million to David Ruiz and Benito Ruiz for the vacant lot at 333 Bedford Avenue in Williamsburg, Brooklyn. On the lot, there is one active new building construction project for a eight-unit, 9,743 square-foot R-2 building. The project was submitted by Yisroel Greenfeld and filed by Yisroel Greenfeld with plans filed March 27,…
33 Equities through the entity 545 Nw 28 St LLC paid $11 million to Genc Lakaj through the entity 751 Rosedale LLC for the newly constructed 33-unit residential elevator building (D3) at 751 Rosedale Avenue in Soundview, Bronx. The deal closed on October 25, 2023 and was recorded on November 8, 2023. The property has 21,711 square feet of built space according to a PincusCo…
Weitao Shi and Yong Chen through the entity FBL Rowan LLC paid $21 million to RockFarmer Properties through the entity RFC 31 Street Ii LLC for the retail building (K1) at 21-13 31st Street in Ditmars Steinway, Queens, retail building (K1) at 21-01 31st Street in Ditmars Steinway, Queens, and retail building (K1) at 21-07 31st Street in Ditmars Steinway, Queens. The site is likely…
Jack Elo through the entity Minako Realty LLC paid $34.7 million to Robert A. Posner through the entity 6 West 48th LLC for the office building (O6) at 6 West 48th Street in Midtown West, Manhattan. The deal closed on November 6, 2023 and was recorded on November 8, 2023. The property has 60,500 square feet of built space according to a PincusCo analysis of…
RedHoek+Partners through the entity Ddg 362 Ave U Owner LLC as borrower signed a new construction loan with lender Urban Standard Capital through the entity Usc 362 Avenue U LLC valued at $27.5 million for a development at 2102-2110 East 1st Street in Gravesend, Brooklyn. On the lot, there is one active new building construction project for a 12-unit, 29,821 square-foot R-2 building. The project…
Benjamin Landa through the entity Spring Creek Snf Realty LLC as borrower signed a refi loan with lender BOK Financial through the entity Bank Of Texas valued at $39.7 million for the nursing home building (I6) at 660 Louisiana Avenue in East New York, Brooklyn. The deal closed on October 18, 2023 and was recorded on November 6, 2023. The prior lender was Dwight Capital…
Congregation of the Missionaries of Saint Charles Borromeo, also known as Scalabrinians, signed a contract to sell its partially landmarked Staten Island property at 209 Flagg Place in Todt Hill for $5.65 million, according to a petition filed in New York State Supreme Court, as part of a required process for a religious group to sell a significant portion of its assets. The buyers are…
Fannie Mae filed a pre-foreclosure action in the Southern District of New York yesterday alleging a $2 million loan secured by seven Harlem properties owned by the nonprofit South Bronx Overall Economic Development Corporation, known as SoBro, was in default. The defaults came several months after a state court judge signed a $16.5 million wrongful death judgment that included SoBro and its owner entity for…
Real estate investor and boutique hotel developer Joseph Torres Jr. placed the residential loft building 25 Jay Street, located in Dumbo, Brooklyn, in bankruptcy protection nine months after a trustee for the lender filed an $18.5 million pre-foreclosure action. Joseph Torres Jr. filed the bankruptcy petition in the Eastern District of New York in Brooklyn on November 7, 2023. 1-23-44083-ess Petition LINK The PincusCo database…
Carthage Advisors through the entity Carthage 124th LP as borrower signed a refi loan with lender Dwight Capital through the entity Dbf Spe III LLC valued at $100 million for two properties with 168 residential units including the 168-unit residential elevator building (D3) at 224 West 124th Street in Harlem, Manhattan and development lot (V1) at 234 West 124th Street in Harlem, Manhattan. The deal…
Lam Generation through the entity Chelsea 25 Hotel LLC as borrower signed a refi loan with lender MetLife through the entity Metlife Commercial Mortgage Originator LLC valued at $120 million for the hotel building (H2) at 112-118 West 25th Street in Chelsea, Manhattan. The deal closed on October 16, 2023 and was recorded on November 6, 2023. The prior lender was Shanghai Commercial Bank which…
Kingsland Properties through the entity Kingsland Lafayette LLC paid $2.4 million to Noam Amos through the entity 575 Lafayette Gardens, LLC for three adjacent development parcels (V0) at approximately 551 Lafayette Avenue in Bedford Stuyvesant, Brooklyn. The deal closed on October 25, 2023 and was recorded on November 6, 2023. The three properties have zero square feet of built space and 9,544 square feet of…
Napier Park Global Capital through the entity Lh-Np-Abs Income Owner Trust (Cayman) LLC acquired the eight-unit residential walkup building (C1) at 303 Sumpter Street in Bedford Stuyvesant, Brooklyn, via a note purchase. The transfer value was $2.7 million. Napier Park Global took title after buying the $3.1 million in original debt in August 2023 from Sharestates. The former owner was Darren Singer through the entity…
UPDATED 2:23 p.m., March 18, 2026: The entity 222 West 71st Street LLC paid $3.8 million to the Estate Of John Duffield for the five-unit residential walkup building (C2) at 222 West 71st Street in Lincoln Square, Manhattan. The deal closed on October 26, 2023 and was recorded on November 6, 2023. The property has 3,700 square feet of built space and 3,490 square feet…
Centerpark through the entity Oceana Garage LLC paid $6 million to Muss Development through the entity Brighton Underground Garage II, LLC for the property (G1) at 75 Oceana Drive East in Brighton Beach, Brooklyn and property (G1) at 90 Oceana Drive West in Brighton Beach, Brooklyn. The deal closed on October 19, 2023 and was recorded on November 6, 2023. The signatory for Muss Development…
RoundSquare Development and VM Properties Group signed a $13.8 million construction and acquisition loan with the private equity lender Urban Standard Capital for the development of a high-end Chelsea condominium at 227 West 19th Street, according to a representative for the lender. The developers, RoundSquare Development and VM Properties Group, plan to turn the existing two-story commercial building into a luxury condominium with five full-floor…
WeWork filed for bankruptcy protection in New Jersey yesterday, claiming $15 billion in assets and $18.66 billion in liabilities. The filing identified the top 30 unsecured creditors, which include top New York City landlords such as RFR Holding, Sapir Organization and William Gottlieb Real Estate. WeWork filed 496 individual bankruptcy petitions, most of them for specific LLC entities that signed the leases. They are consolidated…
Wharton Properties through the entity 72 Bedford Street LLC as borrower signed a refi loan with lender Webster Bank valued at $14 million for the 17-unit residential walkup building (C5) at 72 Bedford Street in West Village, Manhattan. The deal closed on October 31, 2023 and was recorded on November 3, 2023. The prior lender was Webster Bank which held debt that had an original…
BD Hotels through the entity BD Pod 39, LLC as borrower signed a refi loan with lender Deka Immobilien through the entity Dekabank Deutsche Girozentrale valued at $45.9 million for the hotel building (H3) at 141 East 39th Street in Murray Hill, Manhattan. The deal closed on November 1, 2023 and was recorded on November 3, 2023. The prior lender was Citizens Bank which held…
Carlyle Group through the entity Townhouse Rental II, L.L.C. paid $3.2 million to Chaim Halberstam and Benzion S. Lerner through the entity 385 Chauncey LLC for the six-unit residential walkup building (C2) at 385 Chauncey Street in Bedford Stuyvesant, Brooklyn. The deal closed on October 30, 2023 and was recorded on November 3, 2023. The property has 5,460 square feet of built space according to…
