Abraham Grunbaum and Emeric Weinstock through the entity Valentine 26 LLC as borrower signed a refi loan with lender Bank of Princeton through the entity The Bank Of Princeton valued at $19.3 million for a 62-unit project at 2895 Valentine Avenue in Bedford Park, Bronx. On the lot, there is one active new building construction project for a 62-unit, 38,412 square-foot R-2 building. The project…
Stellar Management through the entity SB Gerard Avenue, LLC as borrower signed a new construction loan with lender Customers Bank valued at $47 million for the 197-unit project at 580 Gerard Avenue in Concourse, Bronx. On the lot, there is one active new building construction project for a 197-unit, 147,087 square-foot R-2 building. The project was submitted by Sharone Karten with plans filed September 15,…
Bruman Realty through the entity Wythe Owner LLC as borrower signed a refi loan with lender Deutsche Bank through the entity Deutsche Bank Trust Company Americas valued at $57.5 million for the 55-unit residential elevator building (D6) at 296 Wythe in Williamsburg, Brooklyn. The deal closed on September 27, 2023 and was recorded on October 10, 2023. The prior lender was Madison Realty Capital which…
Bruman Realty through the entity Fourth Fee LLC as borrower signed a refi loan with lender Greystone & Co. through the entity Greystone Servicing Company LLC valued at $75 million for the 165-unit project at 26-25 4th Street in Astoria, Queens. The deal closed on September 29, 2023 and was recorded on October 10, 2023. The prior lender was Scale Lending which held debt that…
Sandy Pena through the entity Sand 1796 Realty Corporation paid $2.2 million to Arthur Argentina and Richard Argentina through the entity Argentina Brothers Realty Corp. for the industrial building (G2) at 737 Williams Avenue, 1796 Linden Boulevard, 1814 Linden Boulevard, and others in East New York, Brooklyn. The deal closed on September 5, 2023 and was recorded on October 10, 2023. The seven properties have…
Carlyle Group through the entity Townhouse Rental II, L.L.C. paid $4.8 million to Yossel Lichtman through the entity 550 Van Buren Realty LLC for the eight-unit building at 550 Van Buren Street in Bedford Stuyvesant, Brooklyn. Carlyle Group is the most active buyer of property in New York City so far this year, PincusCo reported yesterday using data through August 30, 2023. Joseph Lichtman of…
Jason Wang through the entity Shuyuanmen LLC paid $6.6 million to Vito Vicari through the entity Borgetto, P.N.A., Inc. for the four-unit mixed-use building (S9) at 60 West 45th Street in Midtown West, Manhattan. The deal closed on September 29, 2023 and was recorded on October 10, 2023. The property has 6,216 square feet of built space and 13,346 square feet of additional air rights…
Nabil Hussein through the entity 105 Flatlands Rental LLC paid $11.7 million to Simko Aranbayev and David Koptiev of Platinum Realty Associates through the entity 105-10 Flat LLC for the mixed-use building (K4) at 105-10 Flatlands Avenue in Canarsie, Brooklyn, mixed-use building (K4) at 105-16 Flatlands Avenue in Canarsie, Brooklyn, and mixed-use building (K4) at 105-04 Flatlands Avenue in Canarsie, Brooklyn. The deal closed on…
Less than two months after a vitriolic partnership dispute at Arch Companies spilled into the open, the top equity investor in the company joined the fray, filing a new suit yesterday seeking to block Arch Companies from entering bankruptcy, an act the investor claims could lead to it losing up to $350 million. The Wiener family of Canada through its family office 35 Oak Holdings,…
The Qatar Investment Authority is the top spender by dollar volume so far this year in New York City, through August 30, but the Carlyle Group is not far behind in dollar volume and in its own league in terms of number of transactions. QIA made one large purchase, acquiring the Park Lane New York hotel building at 36 Central Park South for $622.9 million….
Valley National Bank filed a pre-foreclosure action against the developers and owners of the 10-unit building at 2406-2408 Hoffman Street in Belmont, the Bronx. The bank filed the case October 9, 2023 in State Supreme Court in the Bronx. Case LINK Court filings represent the position of one party and are not necessarily accurate or complete. AB Capstone has been hit with a number of…
Real estate investor Albert Rabizadeh sued Miami-based developer Crescent Heights over the disputed contract of a Lenox Hill retail condominium unit at the base of the residential condo building the Hanley at 165 East 66th Street. The sale price was not disclosed in the court filing, which is a summons and does not include a more detailed complaint. The summons does not disclose a purchase…
Developer Tankhouse filed a lawsuit in Brooklyn State Supreme Court on Friday alleging the owner of the commercial property at 442-450 Carroll Street in Gowanus, Brooklyn, has not complied with terms of a $14.5 million sale contract. Tankhouse is seeking to force the seller to comply in order to complete the sale. The seller, for its part, said through its lawyer that it has complied…
The entity 129 East 73rd Street Corp. paid $26.5 million to the hedge fund manager Craig Effron for the townhouse building (W3) at 129 East 73rd Street in Lenox Hill, Manhattan. The townhouse was the fictional home to the fashion-magazine publisher played by Meryl Streep in the film Devil Wears Prada, the Wall Street Journal’s Mansion Global reported when the property was listed for sale…
Ben Ashkenazy’s Ashkenazy Acquisition through the entity Cross Bronx Plaza LLC as borrower signed a refi loan with lender M&T Bank through the entity Manufacturers And Traders Trust Company valued at $11.7 million for the retail building (K6) at 961 East 174th Street in East Morrisania, Bronx. The deal closed on September 25, 2023 and was recorded on October 6, 2023. The prior lender was…
Equity Residential through the entity Archstone Camargue LLC as borrower signed a refi loan with lender PNC Bank valued at $48.5 million for the 261-unit residential elevator building (D6) at 303 East 83rd Street in Yorkville, Manhattan. The deal closed on August 29, 2023 and was recorded on October 6, 2023. The prior lender was New York Life Insurance Company which held debt that had…
TF Cornerstone through the entity 660 Twelfth Unit One L.L.C. as borrower signed a refi loan with lender Wells Fargo valued at $115 million for a commercial condominium unit at 660 12th Avenue in Hell’s Kitchen, Manhattan. The deal closed on September 29, 2023 and was recorded on October 6, 2023. The prior lender was Bank of America which held debt that had an original…
Mendel Gold through the entity 223-1040 Group LLC paid $1.6 million to Skylight Real Estate Partners through the entity Broadway Williamsburg Four LLC for the two-unit mixed-use building (S2) at 384 South 2nd Street in Williamsburg, Brooklyn. The deal closed on September 21, 2023 and was recorded on October 6, 2023. The property has 2,400 square feet of built space and 668 square feet of…
Elliot Sohayegh through the entity BK Prospect Group LLC paid $3.4 million to the entity Prospect Park Management L.L.C. for the eight-unit residential walkup building (C1) at 464 Prospect Place in Crown Heights, Brooklyn. The deal closed on September 28, 2023 and was recorded on October 6, 2023. The property has 5,600 square feet of built space according to a PincusCo analysis of city data….
Gary Barnett’s Extell Development sold a development site in Midtown West with plans for a 673-unit, 578-foot tall hotel tower at 1710 Broadway at the corner of 54th Street, to the global, Spain-based hotel chain Riu Hotels & Development. The sale closed October 5, after going into contract on July 31, 2023, according to the filings. A spokesperson for Riu confirmed the purchase and said…
