The centuries-old Japanese sake brewery Kenbishi Sake Brewing Co. Ltd. paid $8.3 million to Peak Capital Advisors through the entity 355 50th Owner LLC for the seven-unit residential walkup building (C7) at 355 East 50th Street in Turtle Bay, Manhattan. The deal closed on October 26, 2023 and was recorded on October 31, 2023. The property has 6,960 square feet of built space and 13,105…
The nonprofit Urban Resource Institute paid $26 million to the Migdol Organization for two buildings in Harlem in two separate transactions. In the first, Urban Resource Institute through the entity 2332 And 2250 ACP Housing Development Fund Corp paid $14.6 million to Migdol Organization through the entity 2332 7 Ave LLC for the specialty building (N2) at 2332 Adam C. Powell Boulevard in Harlem, Manhattan….
Bayrock Capital through the entity 44-21 9th Street LLC paid $24 million to Mandy Lema, Xiaodong Zhao, and Joseph Huang through the entity 4429 Hospitality Group LLC for the hotel building (H3) at 44-21 9th Street in Long Island City, Queens. Bayrock has been an active buyer over the past year. The deal closed on October 23, 2023 and was recorded on October 31, 2023….
Apollo Global Management and Newbond Holdings through the entity Two TSQ Hotel Owner LLC as borrower signed a loan with lender Blackstone Group through the entity Breds IV Loan Holdings GS SPE Seller L.L.C. valued at $78.3 million for the hotel condo at 2 Times Square in Times Square, Manhattan. The deal closed on October 19, 2023 and was recorded on October 30, 2023. The…
Warwick Hotels & Resorts through the entity Silver Autumn Hotel (N.Y.) Corporation Ltd. as borrower signed a loan with lender Citibank through the entity Citi Real Estate Funding Inc. valued at $70.5 million for the hotel building (H1) at 65 West 54th Street in Midtown West, Manhattan. The deal closed on October 24, 2023 and was recorded on October 30, 2023. The prior lender was…
Sabet Group through the entity 110 E 1 Street LLC paid $7 million to the entity Arthur EIS 2022 LLC for the 24-unit residential walkup building (C1) at 110 East 1st Street in East Village, Manhattan. The deal closed on October 27, 2023 and was recorded on October 30, 2023. The property has 15,540 square feet of built space and 8,380 square feet of additional…
Madison International Realty through the entity MIR Court Street Associates, LLC turned over its ground lease interest in the retail building (J5) at 94 Court Street in Brooklyn Heights, Brooklyn to its lender. The lender was a CMBS entity The RSS UBSBB2013-C6-NY MCS LLC with Rialto Capital Advisors as special servicer. The transfer value was $23 million. The deal closed on October 24, 2023 and…
Lions Group through the entity 100 Christopher LLC paid $30 million to Delshah Capital through the entity 100 Christopher Street Propco LLC for the 37-unit residential walkup building (C7) at 100 Christopher Street in West Village, Manhattan. The sale was managed through an agreed-to bankruptcy. The deal closed on October 23, 2023 and was recorded on October 30, 2023. The property has 21,849 square feet…
A restaurateur and property owner filed a bankruptcy petition to halt the foreclosure sale of his four-story retail property at 42-44 East Broadway in Chinatown, Manhattan, scheduled for November 1, 2023 with a total judgment of $11.99 million. The debtor Q.Y. Tang’s Hwa Yuan Inc. according to petitioner and owner Chen Lieh Tang, bought the property in 1979 and Tang runs a restaurant and karaoke…
Fannie Mae filed pre-foreclosure actions against 11 residential rental properties in Manhattan and the Bronx with $72.3 million in original principal from loans given in 2019 and 2020. The properties are owned by affiliates of Douglas Peterson’s City Skyline Realty. This action comes almost two months after CMBS loan trustees filed pre-foreclosure actions against four City Skyline Realty affiliates with original principal loans totaling $26…
Anthony Chiodi and Richard Regan through the entity Bayside Ram Realty, LLC as borrower signed a refi loan with lender NewBank through the entity Newbank valued at $5.6 million for two office properties including the office building (O2) at 214-23 42nd Avenue in Bayside, Queens and office building (O2) at 214-25 42nd Avenue in Bayside, Queens. The deal closed on October 25, 2023 and was…
BLDG Management through the entity 153-01 Jamaica Realty LLC as borrower signed a refi loan with lender M&T Bank through the entity Manufacturers And Traders Trust Company valued at $21.5 million for 10 properties including the office building (O5) at 153-01 Jamaica Avenue in Jamaica, Queens, mixed-use building (K4) at 153-11 Jamaica Avenue in Jamaica, Queens, and retail building (K1) at 4025 Laconia Avenue in…
Sophie Chea and James Klett through the entity Cheaklett Holdings LLC paid $1.9 million to Kam Fung Lam through the entity Win Ho Inc. for the two-unit mixed-use building (S2) at 329 Grand Street in Williamsburg, Brooklyn. The deal closed on October 23, 2023 and was recorded on October 27, 2023. The property has 3,120 square feet of built space and 780 square feet of…
The entity 375 Bushwick LLC through signatory Andrew Kamkar, paid $2.1 million to Justiniano Zapata through the entity Zapata, Justiano for the five-unit mixed-use building (S5) at 375 Bushwick Avenue in East Williamsburg, Brooklyn. The deal closed on October 20, 2023 and was recorded on October 27, 2023. The property has 8,060 square feet of built space and 346 square feet of additional air rights…
John Manouselis through the entity 3273-85 Westchester Avenue LLC paid $2.9 million to John Vasilios Milonis and Zaxaroula Maria Milonis for the retail building (K1) at 3273 Westchester Avenue in Pelham Bay, Bronx. The deal closed on October 24, 2023 and was recorded on October 27, 2023. The property has 7,900 square feet of built space and 23,042 square feet of additional air rights for…
Movie producer and accountant Jeffrey Weiner through the entity Libra Propco LLC paid $10.1 million to Isaac Chetrit of AB & Sons through the entity Patriarch TH LLC for the four-unit mixed-use building (S4) at 163 East 69th Street in Lenox Hill, Manhattan. The property has plans to convert the building into a single-family home. Jeffrey Weiner bought the adjacent property at 167 East 69th…
Andrew Impagliazzo through the entity 191 Bruckner LLC as borrower signed a refi loan with lender PCSB Bank valued at $10.8 million for eight industrial properties including the industrial building (G2) at 682 East 137th Street in Mott Haven, Bronx, industrial building (E9) at 687 East 137th Street in Mott Haven, Bronx, and industrial building (G7) at 681 East 136th Street in Mott Haven, Bronx….
Tishman Speyer through the entity Cityspire, Inc. as borrower signed a refi loan with lender MassMutual through the entity Massachusetts Mutual Life Insurance Company valued at $92.7 million for the office condo at 150 West 56th Street in Midtown West, Manhattan. The mixed-use building also has 337 residential condo units. The deal closed on October 19, 2023 and was recorded on October 26, 2023. The…
Abraham Friedrich through the entity 1468 Fulton LLC paid $1.9 million to Desmond Lewis through the entity Desmond Lewis Incorporated for the six-unit mixed-use building (S5) at 1468 Fulton Street in Bedford Stuyvesant, Brooklyn. The deal closed on October 19, 2023 and was recorded on October 26, 2023. The property has 4,000 square feet of built space and 4,400 square feet of additional air rights…
Urban Waterfront Development through the entity Urban Waterfront Development LLC paid $2.1 million to the entity Mommy 354 Holdings LLC for the three-unit building (C0) at 7001 Shore Road in Bay Ridge, Brooklyn. The deal closed on October 11, 2023 and was recorded on October 26, 2023. The property has 2,224 square feet of built space and 2,653 square feet of additional air rights for…
