Bluejay Management through the entity Bj23 Partners LLC paid $9.7 million to R&B Realty Group through the entity 22 Chelsea Properties, LLC for the office building (O5) at 22 West 23rd Street in Flatiron District, Manhattan. The deal closed on September 14, 2023 and was recorded on September 28, 2023. The property has 13,125 square feet of built space and 14,516 square feet of additional…
Stolar Capital as property owner and seller, alleges Kahen Properties defaulted on its $4.05 million purchase of the 194 Third Avenue in Gramercy, Manhattan, while Kahen Properties alleges there is a cloud of title related to metes and bounds of the property, and for that reason could not close. Stolar Capital is suing to retain Kahen Properties’ $400,000 deposit, and filed the complaint in State…
In December 2016 Moshe Silber’s Rhodium Capital Advisors in a joint venture with the Toronto-based Firm Capital, purchased a 127-unit portfolio of Harlem rental buildings for about $36.995 million. The loans totaling $23.5 million secured by that portfolio are in default, according to a trustee for bondholders in seven pre-foreclosure actions filed yesterday in State Supreme Court in Manhattan. The loans were originated by Arbor…
Grubb Properties through the entity Queens Plaza North New York, LLC as borrower signed a refi loan with lender Maxim Capital Group through the entity Maxim Credit Group, LLC valued at $40 million for the 317-unit development at 41-34 27th Street in Long Island City, Queens. On the lot, there is one active new building construction project for a 317-unit, 240,611 square-foot R-2 building. The…
Namdar Realty Group and partners as borrowers signed a loan with an undisclosed lender in care of the Israeli firm Reznik Paz Nevo Trusts valued at $111.2 million for two office properties, the office building (O6) at 529 Fifth Avenue in Grand Central, and the office building (O6) at 587 Fifth Avenue in Midtown East, Manhattan. Namdar and Empire Capital Holdings paid Silverstein Properties $107.6…
Coney Realty Group paid $19.5 million to Barberry Rose Management Company for six walkup buildings on a single block in Inwood, Manhattan. This is part of a series of sales Barberry Rose has initiated with buyers such as Coney Realty Group and Alma Realty. In the first of these six sales, Coney Realty Group through the entity 133 Sherman Chalet LLC paid $4.9 million to…
The entity NMG Tribeca Properties LLC paid $7.5 million to Mark Kaplan through the entity Whitman Oaks Inc. for the mixed-use building (K4) at 154 Reade Street in Tribeca, Manhattan. The deal closed on September 19, 2023 and was recorded on September 27, 2023. The property has 5,850 square feet of built space and 2,192 square feet of additional air rights for a total buildable…
Developer Joyland Group through the entity Third At Third LLC paid $30.5 million to Orange Management through the entity Third Street Gowanus Owner LLC for the industrial building (E9) at 125 3rd Street in Gowanus, Brooklyn. Orange Management on the same day, bought full control of the property from its partners, in a deal reported earlier this month. On the lot, there is one active…
SL Green Realty through the entity 625 Nominee LLC acquired the fee interest under the office building at 625 Madison Avenue, in Midtown East, Manhattan, from Ben Ashkenazy’s Ashkenazy Acquisition through the entity 625 Mad Holdings LLC. SL Green acquired control through an UCC auction for a $195 million mezzanine loan. The transaction was valued at $233.8 million. SL Green already controls the leasehold. The…
UPDATED 12:55 p.m., September 28, 2023: Lions Group through the entity 100 Christopher LLC is in contract to buy 100 Christopher Street for $30.02 million from Michael Shah’s Delshah Capital, according to a bankruptcy petition filed yesterday in Manhattan. The contract was signed August 23. 100 Christopher Contract pdf Bankruptcy LINK 23-11542-pb Delshah filed the bankruptcy through the entity 100 Christopher Street Propco LLC, citing…
LeFrak signed a $20 million loan refi with TD Bank for four elevator buildings in LeFrak City in Corona, Queens. In the first, LeFrak through the entity Mandalay Leasing Limited Partnership as borrower signed a refi loan with lender TD Bank through the entity Td Bank, N.A. valued at $5 million for the 231-unit residential elevator building (D1) at 98-25 Horace Harding Expwy in Corona,…
Meridian Properties through the entity Lefferts Gardens LLC as borrower signed a refi loan with lender Esquire Bank valued at $10.5 million for the 82-unit residential elevator building (D1) at 115 Lincoln Road in Prospect Lefferts Gardens, Brooklyn. The deal closed on June 22, 2023 and was recorded on September 26, 2023. The prior lender was Signature Bank through a receiver which held debt that…
Ranjit Kumble through the entity 15 Roebling Street 1b, LLC paid $2.4 million to East Group Capital through the entity 341 Tompkins Realty LLC for the three-unit building (C0) at 341 Tompkins Avenue in Bedford Stuyvesant, Brooklyn. The deal closed on September 8, 2023 and was recorded on September 26, 2023. The property has 3,487 square feet of built space and 1,287 square feet of…
Marc Pogostin through the entity Brook Webster Development Co., Inc. paid $4.3 million to James Carroll through the entity City 4309 Property LLC for the industrial building (G2) at 4309 3rd Avenue in Tremont, Bronx. The deal closed on September 14, 2023 and was recorded on September 26, 2023. The property has 16,380 square feet of built space and 16,739 square feet of additional air…
Dian Kui Su through the entity 538 Morgan Realty LLC paid $4.9 million to Hector Florimon through the entity Hbf Realty LLC for the nine-unit residential walkup building (C7) at 104-65 Roosevelt Avenue in North Corona, Queens. The deal closed on September 15, 2023 and was recorded on September 26, 2023. The property has 9,062 square feet of built space according to a PincusCo analysis…
Yeshivat Lev Torah paid $7.2 million to Weinberger Properties for the mixed-use building (K4) at 333 Avenue X in Gravesend, Brooklyn. The deal closed on September 15, 2023 and was recorded on September 26, 2023. The property has 23,430 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $309 per the PincusCo analysis….
German investment firm Tatar Holding through the entity Tatar Mupe LLC paid Thor Equities through the entity Coney Bath, LLC $11 million for the retail townhouse building (K4) at 60 East 66th Street in Lenox Hill, Manhattan. This purchase represents an entity level purchase of 99 percent stake in the entity. Joseph Sitt’s Thor Equities retains a 1 percent stake, according to a person familiar…
Yosef Rabinowitz through the entity 130 Third Street Owner LLC paid $19.5 million to Frank Ng through the entity Hkf Inc. for the industrial building (E1) at 130 3rd Street in Gowanus, Brooklyn. On the lot, there is one active major alteration construction project for a 14-unit, 64,053 square-foot 70 building. The project was submitted by Danny Turkel with plans filed September 18, 2023 and…
Cayre Equities through the entity CS Utica & Remsen LLC as borrower signed a refi loan with lender Bank Hapoalim valued at $25.3 million for the industrial building (E7) at 25 Remsen Avenue in East Flatbush, Brooklyn. The deal closed on September 12, 2023 and was recorded on September 25, 2023. The prior lender was Goldman Sachs which held debt that had an original loan…
Stahl Real Estate through the entity 60 Hudson Owner LLC as borrower signed a refi loan with lender Morgan Stanley through the entity Morgan Stanley Bank valued at $280 million for the office building (O4) at 60 Hudson Street in Tribeca, Manhattan. The deal closed on September 6, 2023 and was recorded on September 25, 2023. The prior lender was COMM 2013-CCRE13 which held debt…
