Xiaogang Wang paid $14.4 million to Avery Management for the commercial buildings at 33 and 35 West 14th Street in the Flatiron District in two transactions. In the first, Xiaogang Wang through the entity Hw W 14th St LLC paid $9 million to Avery Management through the entity 33 West 14th Street LLC for the office building (O2) at 33 West 14th Street in Flatiron…
UPDATED: An entity at the address of Sugar Hill Capital Partners, 44 West 8th Owner, LLC paid $10 million to Steven Grundwerg through the entity 44-46 West 8th LLC for the retail building (K1) at 44 West 8th Street in Greenwich Village, Manhattan. A representative of Sugar Hill said in an email “Sugar Hill did not acquire this property. We have no further comment.” T30…
Morris Meisels through the entity Eagle BSD LLC paid $10 million to Shmuel Fruchter and Tomer Fruchter through the entity Best On Eagle, LLC for the 24-unit residential elevator building (D1) at 182 Eagle Street in Greenpoint, Brooklyn. The deal closed on October 13, 2023 and was recorded on October 19, 2023. The property has 22,455 square feet of built space and 74 square feet…
Seattle-based Columbia Pacific Advisors through the entity CPIF 44 Hudson LLC, as the former lender, acquired from Prime Manhattan Development through the entity 44 Hudson Street JV LLC for the three-unit office building (O8) at 44 Hudson Street in Tribeca, Manhattan. The transfer price was set at from $11.9 million, slightly above the $11.5 million defaulted mortgage. The investment firm Chesterfield Faring Ltd. was a…
GO-RE Partners through the entity 69e125 Equities LLC paid $28.2 million to Greystone Development through the entity 69 East 125 Street Owner LLC for the 77-unit residential elevator building (D6) at 69 East 125th Street in East Harlem, Manhattan. The deal closed on October 16, 2023 and was recorded on October 19, 2023. The property has 63,445 square feet of built space and 1,510 square…
Moses Freund’s VAJA Group through the entity Reservoir Residences LLC as borrower signed a new construction loan with lender Popular Bank valued at $12.3 million for the 32-unit development at 3103 Sedgwick Avenue in Kingsbridge Heights, Bronx. On the lot, there is one active new building construction project for a 32-unit, 21,611 square-foot R-2 building. The project was submitted by VAJA Group and filed by…
Uikun Lee through the entity Montague Lee 32 LLC as borrower signed a refi loan with lender Woori America Bank valued at $27.2 million for the office building (O6) at 22 West 32nd Street in Penn Plaza, Manhattan. The deal closed on October 6, 2023 and was recorded on October 18, 2023. The prior lender was Woori America Bank which held debt that had an…
Tri-Messine Construction Company through the entity 1002 Alabama Ave LLC paid $4 million to Agostino Vona through the entity Alabama Realty, LLC for the industrial building (F2) at 1002 Alabama Avenue in East New York, Brooklyn. The deal closed on October 11, 2023 and was recorded on October 18, 2023. The property has 8,000 square feet of built space and 12,000 square feet of additional…
Rajive Maret through the entity Cromwell Inwood, LLC paid $4.5 million to CloudKitchens through the entity 1414-1424 Cromwell Ave Brx LLC for the industrial building (E9) at 1414 Cromwell Avenue in Mt Eden, Bronx. The deal closed on October 10, 2023 and was recorded on October 18, 2023. The property has 25,392 square feet of built space and 1,339 square feet of additional air rights…
Lions Group through the entity 107 Christopher LLC paid $16 million to Elliot Sohayegh through the entity NYC Chris Holdings LLC for the 22-unit residential walkup building (C7) at 107-109 Christopher Street in West Village, Manhattan. The deal closed on October 13, 2023 and was recorded on October 18, 2023. The property has 17,226 square feet of built space according to a PincusCo analysis of…
NYC School Construction Authority paid $18 million to Marc Beige through the entity Beige Family Realty Company LLC for the industrial building (F5) at 120-08 Jamaica Avenue in Richmond Hill, Queens, industrial building (F4) at 120-20 Jamaica Avenue in Richmond Hill, Queens, and industrial building (G7) at 120-30 Jamaica Avenue in Richmond Hill, Queens. The deal closed on October 12, 2023 and was recorded on…
Late last month, the giant Korean banking firm Hana Financial Group took control of the fee interest under the Marriott Times Square Edition hotel from Mark Siffin’s Maefield Development and then sent a letter to the leasehold owner, the French bank Natixis, that it would seek to terminate the 99-year ground lease if Natixis did not clear $39 million in mechanic’s liens within 30 days….
Ashkenazy Acquisition through the entity New Ba Property LLC as borrower signed a refi loan with lender M&T Bank through the entity Manufacturers And Traders Trust Company valued at $6.2 million for the mixed-use building (K7) at 89-01 Queens Boulevard in Elmhurst, Queens. The deal closed on October 6, 2023 and was recorded on October 16, 2023. The prior lender was M&T Bank which held…
HH Equities through the entity Hh 246 Fifth, LLC as borrower signed a refi loan with lender Safra National Bank valued at $13.8 million for the office building (O5) at 246 Fifth Avenue in NoMad, Manhattan. The deal closed on October 4, 2023 and was recorded on October 17, 2023. The prior lender was Series 2014-GC18 which held debt that had an original loan amount…
Kraus Organization through the entity Aldus Green Company L.P. as borrower signed a refi loan with lender Flagstar Bank valued at $32 million for 11 residential elevator properties with 426 residential units including the 51-unit residential elevator building (D5) at 996 Aldus Street in Longwood, Bronx, 53-unit residential elevator building (D3) at 1010 Bryant Avenue in Longwood, Bronx, and 50-unit residential elevator building (D3) at…
Chabad Lubavitch of Harlem through the entity Chabad Lubavitch Of Harlem, Inc. paid $2.025 million to the entity D’Man Realty, LLC for the three-unit building (C0) at 235 West 132nd Street in Harlem, Manhattan. The deal closed on September 21, 2023 and was recorded on October 17, 2023. The property has 3,600 square feet of built space and 1,902 square feet of additional air rights…
Nedzad Kolenovic through the entity 4030 Bronx Blvd LLC paid $5.2 million to Joseph Yasgur through the entity 4030 Bronx Blvd. Associates, L.L.C. for the 53-unit residential elevator building (D1) at 4030 Bronx Boulevard in Wakefield, Bronx. The deal closed on October 5, 2023 and was recorded on October 17, 2023. The property has 50,338 square feet of built space according to a PincusCo analysis…
Horizon Group through the entity Horizon At Chrystie LLC paid $6.5 million to Ronald Tien through the entity Lintien Corporation for the industrial building (E9) at 324 Broome Street in Lower East Side, Manhattan. The building has an alternate address of 125 Chrystie Street. On the lot, there is one active new building construction project for a 46-unit, 46,912 square-foot R-2 building. The project was…
Ramirez Asset Management through the entity RAM HQ, LLC paid $19.5 million to the Spanish investment company Inmoprisa through the entity Inmoprisa USA, Inc. for the mixed-use building (K4) at 14 East 52nd Street in Midtown East, Manhattan. The deal closed on October 16, 2023 and was recorded on October 17, 2023. The property has 21,776 square feet of built space and 8,381 square feet…
Carlyle Group and Z+G Property Group through the entity 180 Bainbridge Owner, L.L.C. paid $22.4 million to Bushburg Properties through the entity Bainbridge Realty Holdings LLC for the 46-unit residential elevator building (D5) at 180 Bainbridge Street in Bedford Stuyvesant, Brooklyn. The deal closed on October 10, 2023 and was recorded on October 17, 2023. The property has 57,720 square feet of built space according…
