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…
Terreno Realty through the entity Terreno New Ridge LLC paid $27.5 million to Lande Alexander through the entity Lande Alexander Properties Inc. for the industrial building (E1) at 185 Van Dyke Street in Red Hook, Brooklyn. The deal closed on October 11, 2023 and was recorded on October 17, 2023. The property has 111,265 square feet of built space and 214,910 square feet of additional…
Partners Path through the entity 1709 Madison Owner LLC paid $3.4 million to Michael Pacifico through the entity Flats On Madison, LLC for the six-unit walkup building (C2) at 1709 Madison Street in Ridgewood, Queens. The deal closed on September 28, 2023 and was recorded on October 13, 2023. The property has 5,600 square feet of built space according to a PincusCo analysis of city…
Zheng Sheng Zheng through the entity 1130 44th Rd Property LLC paid $4.5 million to Jonathan White through the entity 11-30 44th Rd., Inc. for the industrial building (G2) at 11-30 44th Road in Long Island City, Queens. The deal closed on September 22, 2023 and was recorded on October 13, 2023. The property has 10,000 square feet of built space and 9,999 square feet…
Farzana Kadery pays $5.2 million to Munza Ramgoolie for four mixed-use walkup buildings, 291, 285, 283 and in Brighton Beach, Brooklyn with a total of 20 residential units in four transactions. In each of the four transactions, Farzana Kadery through the entity Neptune Ave Properties NY LLC paid $1.3 million to Munza Ramgoolie. The signatory for Munza Ramgoolie was Munza Ramgoolie. The signatory for Farzana…
Big City Realty through the entity 110 Convent BCR, LLC (and others) as borrower signed a refi loan with lender Citibank valued at $40 million for nine properties with 283 residential units including the 62-unit residential elevator building (D7) at 3660 Broadway in Harlem, Manhattan, 36-unit residential elevator building (D7) at 3440 Broadway in Harlem, Manhattan, and 48-unit residential elevator building (D1) at 461 West…
UPDATED, 1:20 p.m., Oct. 17, 2023: Madison Realty Capital through the entity QB Development Owner LLC as borrower signed a refi loan with lender MF1 Capital valued at $189 million for the two-tower project with 478 units, known as Woodside Central at 46-09 69th Street and 46-10 70th Street. The project in Woodside, Queens, totals about 550,000 gross square feet. The loan price was $402…
Al Faisal Holding through the entity MTS NY Lessee, L.P. as borrower signed a refi loan with lender Mack Real Estate Group through the entity CMTG Lender 24 LLC valued at $270 million for the Manhattan at Times Square Hotel (H3) at 790 Seventh Avenue in Midtown West, Manhattan. The deal closed on October 10, 2023 and was recorded on October 16, 2023. The prior…
Tower Real Estate Investments through the entity Landmark Living LLC signed a contract as buyer with King Emmanuel Missionary Baptist Church as seller for three parcels including the religious buildings (M9) at 188 Bainbridge Street and 340 Malcolm X Boulevard and the two-unit mixed-use building (S2) at 344 Malcolm X Boulevard, all in Bedford Stuyvesant, Brooklyn. The memorandum of contract did not disclose a price…
Adeeb Abdo Saleh through the entity Tower 729 Realty LLC paid $2.1 million for the 10-unit residential walkup building (C7) at 146 Ralph Avenue in Bedford Stuyvesant, Brooklyn. The deal closed on September 11, 2023 and was recorded on October 16, 2023. The property has 9,500 square feet of built space according to a PincusCo analysis of city data. The sale price per built square…
Aron Stark through the entity 1451 Sutter LLC paid $3 million to Zalmen Wagschal through the entity 1451 Sutter Ave LLC for the development parcels (V0) at 1451 and 1453 Sutter Avenue in East New York, Brooklyn. On these lots, there were two new building construction projects totaling 16,929 square feet. The largest is a 10-unit, 9,479 square-foot residential (R-2) building submitted by 1451-1453 Sutter…
Carlyle Group through the entity Townhouse Rental II, L.L.C. paid $3.8 million to Oren Hakim through the entity 897 On LLC for the six-unit building at 897 Knickerbocker Avenue in Bushwick, Brooklyn. The building was formerly a 2-unit building that Oren Hakim expanded to a six-unit building. The deal closed on September 27, 2023 and was recorded on October 16, 2023. The seller bought the…
Rafael Allayev through the entity 102-45 Jamaica Ave LLC paid $4.8 million to Goldberg Group through the entity Burita LLC for the retail building (K1) at 177-13 Union Turnpike in Utopia, Queens. The deal closed on October 4, 2023 and was recorded on October 16, 2023. The property has 6,700 square feet of built space according to a PincusCo analysis of city data. The sale…
Yevgeniy Lvovskiy of the ZHL Group through the entity 350 West 44 LLC as borrower signed a new construction loan with lender Fortress Investment Group through the entity DB 360 LLC valued at $27.5 million for the 29-unit condominium project at 350 West 44th Street in Hell’s Kitchen, Manhattan. The deal closed on September 29, 2023 and was recorded on October 13, 2023. The prior…
Yossel Lichtman through the entity 425 Coney Island Realty LLC as borrower signed a new construction loan with lender Valley National Bank valued at $35.5 million for the 131-unit project at 425 Coney Island Avenue in Flatbush, Brooklyn. On these lots, there is one active new building construction project for a 131-unit, 88,979 square-foot R-2 building. The project was submitted by Yossel Lichtman with plans…
Cammeby’s International Group through the entity 532 Neptune Commercial LLC as borrower signed a rehab construction loan with lender Valley National Bank valued at $55 million for two retail condominium units at 532 Neptune Avenue in Coney Island, Brooklyn. The deal closed on June 29, 2023 and was recorded on October 13, 2023. The two properties have 165,274 square feet of built space according to…
The Fount church through the entity C3 Brooklyn, Inc. paid $4.5 million to American Strategic Investment and AR Global Investments through the entity Arc Nyc421w54, LLC for the retail condo at 421 West 54th Street in Hell’s Kitchen, Manhattan. American Realty Capital bought the condominium unit at the former Hit Factory building in 2014 for $7.2 million. The deal closed on October 10, 2023 and…
Pervez Siddiqui through the entity 460 West 51st Property LLC paid $5 million to Abid Zulfiqar through the entity Sanna Ak Realty LLC for the five-unit residential walkup building (C2) at 460 West 51st Street in Hell’s Kitchen, Manhattan. The deal closed on October 2, 2023 and was recorded on October 13, 2023. The property has 4,428 square feet of built space and 8,158 square…
Jack Israel through the entity 470 Kings Highway LLC paid $5.2 million to the Giannopoulos family for the retail building (K4) at 470 Kings Highway in Gravesend, Brooklyn. The deal closed on September 28, 2023 and was recorded on October 13, 2023. The property has 10,200 square feet of built space and 21,624 square feet of additional air rights for a total buildable of 31,800…
