Eric Modell through the entity 148 Atlantic Management LLC paid $3.4 million to Witnick Real Estate Partners through the entity 148 Atlantic Partners LLC for the six-unit mixed-use building (S5) at 148 Atlantic Avenue in Cobble Hill, Brooklyn. The deal closed on October 30, 2023 and was recorded on November 3, 2023. The property has 4,620 square feet of built space according to a PincusCo…
Joseph Friedman paid $7 million to Neil Tepper for two residential walkups in the Bronx in two separate transactions. In the first, Joseph Friedman through the entity 59wa LLC paid $4 million to Neil Tepper through the entity Mount Hope Residence LLC for the 54-unit residential walkup building (C5) at 14 Mt Hope Place in Mt Hope, Bronx. The deal closed on October 31, 2023…
Arizona-based lender Avana Capital filed a pre-foreclosure action alleging an $18.8 million loan it provided in July 2022 to Joel Schwartz and secured by a hotel building at 101 Bogart Street, in East Williamsburg, Brooklyn was in default. The property is a six-story, 65-unit extended stay hotel building that also has the addresses 360 Johnson Street and 351 Boerum Street. Joel Schwartz is one of…
UPDATED 5:45 a.m., November 7, 2023: Restoration Hardware as buyer signed a $57.7 million contract with Michael Shah’s Delshah Capital as seller on November 3, 2023, to buy the RH Guesthouse, an 1887 loft building at 55 Gansevoort Street in the Meatpacking District, which the developer converted into luxury hotel units, according to a filing on the Tel Aviv Stock Exchange and bankruptcy court records….
Eduard Slinin through the entity E & M Realty Corp as borrower signed a new construction loan with lender Ponce Bank valued at $44 million for the office building (O1) at 335 Bond Street in Gowanus, Brooklyn. On the lot, there is one active new building construction project for a 73-unit, 77,383 square-foot R-2 building. The project was submitted by Robert Slinin with plans filed…
Avdoo & Partners Development through the entity Union Street Owner LLC as buyer signed a contract with S.J. Fuel Co. through the entity 601 Union Street Realty Corp as seller for the industrial buildings (G1) at 601 and 607 Union Street in Gowanus, Brooklyn. The sale price was not disclosed. The memorandum of contract was signed on October 16, 2023 and was recorded on November…
Bashir A. Alsaedi and Sadeeq A. Alsaedi through the entity 626 Manhattan Ave LLC paid $6.3 million to Midwood Investment & Development through the entity 550 Long Beach LLC for the two-unit mixed-use building (K4) at 626 Manhattan Avenue in Greenpoint, Brooklyn. The deal closed on October 12, 2023 and was recorded on November 2, 2023. The property has 4,050 square feet of built space…
Mosdos Satmar BP through the entity Mosdos Satmar Bp, Inc. paid $20 million to Talmudica Mosdos Temima through the entity Talmudical Mosdos Temima Inc. for the 39-unit specialty building (W2) at 507 Ocean Parkway in Kensington, Brooklyn. The deal closed on October 26, 2023 and was recorded on November 2, 2023. The property has 34,800 square feet of built space and 21,140 square feet of…
Watermark Capital Group through signatory Wolfe Landau signed a contract to pay the Roman Catholic Church Diocese of Brooklyn $13 million for a development site at 341 Highland Boulevard in Cypress Hills, Brooklyn. The contract was disclosed in a statutorily required filing in which a church must obtain New York State court approval to sell a significant asset such as a building. LINK According to…
Sovereign Partners through the entity 100 Fifth Owners, LLC paid $126.5 million to Clarion Partners through the entity Clpf – 100 Fifth Avenue, LLC for the office condominium unit at 100 Fifth Avenue in the Flatiron District, Manhattan. Sovereign Partners financed the purchase with an $81.5 million loan from a non-bank lender. The deal closed on October 23, 2023 and was recorded on November 2,…
In 2021, Trimont through the entity Trimont Real Estate Advisors, LLC bought a note with an original principal of $147 million from Credit Suisse secured by Queensgate Investments’ Freehand New York hotel (H2) at 135 East 23rd Street in Kips Bay, Manhattan. The note sale was only recorded yesterday, November 1, 2023. It was unclear why there was a delay and why it was recorded…
L&A Group Developers through the entity 106 Mt Hope LLC as borrower signed a refi loan with lender LMF Commercial valued at $12.5 million for the development parcel (V0) at 106 Mt Hope Place in Mt Hope, Bronx. On the lot, there is one active new building construction project for a 44-unit, 25,861 square-foot R-2 building. The project was submitted by Lulzim Leguci with plans…
Jingwen Ji through the entity Ccj Capital LLC paid $2.7 million to Michael Gerasimou through the entity 906 27 Ave LLC for the two-unit 1-4 family building (B2) at 9-06 27th Avenue in Astoria, Queens. The sale price per foot implies this is a development site deal, according to a PincusCo analysis. The deal closed on October 13, 2023 and was recorded on November 1,…
Ziyi Liang paid $5 million to the entity 152 West 73rd Street, LLC for the four-unit property (C5) at 152 West 73rd Street in Upper West Side, Manhattan. The deal closed on October 20, 2023 and was recorded on November 1, 2023. The property has 4,792 square feet of built space and 3,370 square feet of additional air rights for a total buildable of 8,172…
ZD Jasper Realty through the entity ZDJ E 86 LLC paid $24.5 million to Gary Barnett’s Extell Development through the entity 171 East 86 Street LLC for the retail building (K1) at 1530 Third Avenue in Carnegie Hill, Manhattan. There are no new buildings plans filed for the site. The deal closed on October 10, 2023 and was recorded on November 1, 2023. The property…
The entity 144 East 65 LLC paid $47 million to the entity 146 East 65, LLC for the former David Rockefeller home, a two-unit townhouse (B1) at 144 East 65th Street in Lenox Hill, Manhattan. The deal closed on October 19, 2023 and was recorded on October 31, 2023. The property has 9,760 square feet of built space and 6,306 square feet of additional air…
Samson Management through the entity 160 Front Street Associates LLC as borrower signed a refi loan with lender Samson Funding through the entity Samson Funding Corporation valued at $16 million for the 63-unit residential elevator building (D7) at 156 Front Street in the Financial District, Manhattan. The deal closed on October 5, 2023 and was recorded on October 31, 2023. The prior lender was Signature…
Spaxel through the entity 1824 Anthony Avenue LLC as borrower signed a new construction loan with lender Metropolitan Commercial Bank valued at $28.9 million for the 128-unit development at 1824 Anthony Avenue in Mt Hope, the Bronx. The deal closed on October 23, 2023 and was recorded on October 31, 2023. The prior lender was Metropolitan Commercial Bank which held debt that had an original…
Sukhjinder Singh through the entity 364-372 Investors LLC paid $3.4 million to Manjit Kaur for the industrial building (E1) at 117-17 Atlantic Avenue in Richmond Hill, Queens. The deal closed on October 3, 2023 and was recorded on October 31, 2023. The property has 12,000 square feet of built space and 24,042 square feet of additional air rights for a total buildable of 36,063 square…
Nasir Al Jahmi through the entity 785 Bruke Ave Realty, LLC paid $7.2 million for the 38-unit residential walkup building (C7) at 2017 Church Avenue in Flatbush, Brooklyn which was formerly owned by BJ Organization of New York. The property was sold through a foreclosure auction. The deal closed on October 23, 2023 and was recorded on October 31, 2023. The property has 32,672 square…
