SMJ Development through the entity SMJ Woodhaven Owner LLC paid $12.5 million to Peter Zuccarello, Damien Smith, Gandolfo DiFiore, Joseph Mazzola, and Gerald Caliendo for the development site with plans for 133 units (V1) at 68-19 Woodhaven Boulevard in Rego Park, Queens. The deal closed on October 19, 2023 and was recorded on October 26, 2023. The property has a total buildable of 78,453 square…
William Schneider as signatory through the entity 307-309 Holdings LLC acquired 307 and 309 Sixth Avenue in Greenwich Village, Manhattan, where he plans a 39-unit project. The former owner was George Filopoulos, who defaulted on a $9.3 million loan from Castellan Capital. The property was placed in bankruptcy in 2023 to effectuate a sale. William Schneider submitted a new building construction project for a 39-unit,…
RoundSquare Development and VM Properties Group through the entity 227w19owner LLC paid $6 million to Jerome T. Falk through the entity Janell Holding Corporation for the development site at 227 West 19th Street in Chelsea, Manhattan. The deal closed on October 17, 2023 and was recorded on October 25, 2023. RoundSquare Development through its affiliated construction management company RoundSquare Builders, plans to construct a high-end…
John Ilibassi through the entity Venter Trace Realty LLC paid $7 million to Bruce Gomez through the entity First Eastern Group Corp. for the seven-unit residential walkup building (C7) at 81 East 7th Street in East Village, Manhattan. The deal closed on October 19, 2023 and was recorded on October 25, 2023. The property has 6,128 square feet of built space and 3,632 square feet…
Lender Bluestone Group through the entity 4202 Holdings LLC acquired from the former developer Samuel Pfeiffer through the entity 4202 Partners LLC for the development site (V1) at 4202 Fort Hamilton Parkway in Borough Park, Brooklyn. The transfer was valued at $12.3 million, and was acquired through a credit bid. The transfer closed on October 19, 2023 and was recorded on October 25, 2023. The…
Lender Marathon Asset Management through the entity 263 W 34th Street Lender, LLC acquired the office building (O5) at 261 West 34th Street in the Garment District, Manhattan, through a foreclosure process. The former owner was Churchill Real Estate Holdings, and the transfer was recorded at $16 million. The defaulted loan was $52 million. The Real Deal reported on the transfer, noting Marathon said it…
An affiliate of the billionaire Niarchos shipping family through the entity 144 Fulton Owner LLC paid $38 million to Crown Acquisitions through the entity Crown 144 Fulton LLC for the retail building (K2) at 144 Fulton Street in Financial District, Manhattan. The purchase comes four months after the Niarchos family sold a long-held small Midtown building for $40 million to Vornado Realty Trust. The Fulton…
Apollo Global Management and Newbond Holdings through the entity Two TSQ Hotel Owner LLC paid $165 million to Sherwood Equities through the entity Sherwood 48 Associates for the Marriott Renaissance New York Times Square Hotel condominium unit at 2 Times Square in Times Square, Manhattan. The deal closed on October 19, 2023 and was recorded on October 25, 2023. The property has 176,044 square feet…
Lender Valley National Bank filed a $10.8 million pre-foreclosure action against the owner of the vacant development site 1633 East 16th Street in Sheepshead Bay, Brooklyn. The property is owned by an entity controlled by Arch Companies, which itself is undergoing turmoil as partners battle in court for control of the company. The development entities Kings Hwy Development 2 LLC, Kings Hwy Development 3 LLC,…
UPDATED 10:43 a.m., October 26, 2023: Shelly Listokin of the Midtown-based Urban Realty Partners through the entity URP Maiden Lane LLC claims to have a contract to buy the $120 million senior construction loan from Valley National Bank and Harel Insurance secured by Fortis Property Group’s 161 Maiden Lane project in the Financial District, but is not ready to close, according to a lawsuit filed…
The Moinian Group through the entity 900 8th Avenue Condominium (DE) LLC as borrower signed a refi loan with lender Newmark through the entity Berkeley Point Capital LLC valued at $135.6 million for four commercial condominium units that make up the 394-unit building at 890 8th Avenue in Midtown West, Manhattan. The deal closed on October 4, 2023 and was recorded on October 24, 2023….
Jeff Zheng through the entity 27 Hunter LLC paid $2.7 million to Hiuian Cheng through the entity 42-76 Hunter Street LLC for the development site (V1) at 42-76 Hunter Street in Long Island City, Queens. Hiuian Cheng is also known by the name Ian Cheng. The deal closed on October 18, 2023 and was recorded on October 24, 2023. The property has zero square feet…
Chestnut Holdings through the entity 562 W 193 LLC paid $3.4 million to Joseph Podolski through the entity 81 Realty Co for the 46-unit residential walkup building (C1) at 562 West 193rd Street in Washington Heights, Manhattan. The deal closed on October 18, 2023 and was recorded on October 24, 2023. The property has 35,450 square feet of built space according to a PincusCo analysis…
Emeric Weinstock through the entity Villa 26 LLC paid $4.5 million to private equity firm Angelo Gordon and developer Spaxel through the entity AG-Spaxel 3165 Property Owner, L.L.C. for the development parcel (V0) at 3165 Villa Avenue in Bedford Park, Bronx. On the lot, there is one active new building construction project for a 57-unit, 39,129 square-foot R-2 building. The project was submitted by Max…
Carlyle Group through the entity Townhouse Rental II, L.L.C. paid $6 million to Alchemy Ventures through the entity Keystone 260 President Street LLC for the five-unit residential walkup building (C2) at 260 President Street in Carroll Gardens, Brooklyn. The deal closed on October 19, 2023 and was recorded on October 24, 2023. The property has 4,360 square feet of built space according to a PincusCo…
Guy Roberts through the entity Chelsea Operating Inc as borrower signed a loan with lender Citibank through the entity Citi Real Estate Funding valued at $31 million for two properties including the industrial building (E9) at 656 East 133rd Street in Mott Haven, Bronx and the retail building (K2) at 521 West 21st Street in Chelsea, Manhattan. The deal closed on October 10, 2023 and…
JJ Operating through the entity 40 Flatbush De Owner LLC as borrower signed a loan with lender Starwood Mortgage Capital valued at $39 million for the office building (O6) at 40 Flatbush Extension, also known as 146 Concord Street in Downtown Brooklyn, Brooklyn. JJ Operating is also affiliated with ISJ Management. The deal closed on October 13, 2023 and was recorded on October 23, 2023….
Carlyle Group through the entity Brooklyn Townhouse Property Owner, L.L.C. paid $5.5 million to Hershy Silberstein’s Greenpoint Assets BK LLC for the six-unit residential walkup building (C2) at 320 Eckford Street in Greenpoint, Brooklyn. The deal closed on October 18, 2023 and was recorded on October 23, 2023. The property has 4,875 square feet of built space and 124 square feet of additional air rights…
George Xu’s Century Development Group through the entity 21 St Ventures, LLC paid $6 million to Miguel Oks through the entity Lopar’s Path, LLC for the office building (O5) at 45-46 21st Street in Long Island City, Queens. Century Development Group already owns the adjacent parcels where he plans a 36-unit building. The deal closed on October 5, 2023 and was recorded on October 23,…
PepsiCo through the entity Rolling Frito-Lay Sales, L.P. paid $7.75 million to Tyren Eastmond of Easco Boiler through the entity 1140/530 Equity, LLC for three lots including 1140 Randall Avenue and 535 Craven Street in Hunts Point, Bronx. Easco Boiler has been selling properties after filing for bankruptcy protection in 2022. The deal closed on October 13, 2023 and was recorded on October 23, 2023….
