N3 Partners through the entity 168 North 6th Street Associates LLC paid $3 million to Darian Salazar through the entity Haloa LLC for the four-unit building (C3) at 168 North 6th Street in Williamsburg, Brooklyn. The deal closed on September 11, 2023 and was recorded on September 25, 2023. The property has 2,100 square feet of built space according to a PincusCo analysis of city…
Ira Appelbaum through the entity A & E Gems LLC paid $3.5 million to Salvatore Gaudio through the entity Gmd 1435 LLC for the four-unit mixed-use building (K4) at 30-14 Steinway Street in Astoria, Queens. The deal closed on September 13, 2023 and was recorded on September 25, 2023. The property has 6,930 square feet of built space and 1,224 square feet of additional air…
Coney Realty Group paid $6.07 million to Barberry Rose Management Company for two elevator rental buildings in Upper Manhattan in two transactions. The seller bought the buildings in 2016 for a combined $16.5 million. The PincusCo database currently indicates that Coney Realty Group owned at least 51 commercial properties with 2,629,350 square feet, 2,857 residential units and a city-determined market value of $189.6 million. (Market…
Union Theological Seminary paid $23.5 million to Lendlease through the entity Broadway Community Owner LLC for 27 unsold condominium units at 100 Claremont Avenue in Morningside Heights, Manhattan. 100 Claremont is a 194-unit condo building with one commercial condo unit which was not part of this sale. The deal closed on September 15, 2023 and was recorded on September 25, 2023. The signatory for Lendlease…
The Korean media company MediaWill through the entity 110 West 32nd LLC paid $37 million to Jack Franco and Murray Dweck through the entity RF110 Realty, LLC and Ralph F LLC for the mixed-use building (K4) at 110 West 32nd Street in Penn Plaza, Manhattan. The building was the subject of a complex ownership dispute that was later resolved. Jack Franco is the founder of…
NYC School Construction Authority through the entity New York City School Construction Authority paid $38 million to Madison Realty Capital through the entity Qb Development Owner LLC for the 79,682-square-foot school condominium unit at 46-10 70th Street in Maspeth, Queens. The deal closed on May 1, 2023 and was recorded on September 25, 2023. The price was $477 per square foot. The other two condominium…
Clipper Equity through the entity 1010 Pacific Owner LLC as borrower signed an initial loan with lender Valley National Bank valued at $20 million for the newly constructed rental building at 1010 Pacific Street in Crown Heights, Brooklyn. On the tax block, there were two new building construction projects totaling 150,574 square feet. The largest is a 175-unit, 118,994 square-foot residential (R-2) building submitted by…
William Su through the entity 93 Bowery Holdings LLC as borrower signed a refi loan with lender Cathay Bank valued at $22.3 million for the Chinatown Wyndham Garden Hotel (H2) at 91 Bowery in Chinatown, Manhattan. The deal closed on September 13, 2023 and was recorded on September 22, 2023. The prior lender was Cathay Bank which held debt that had an original loan amount…
Griffon Ventures through the entity 988-992 GV LLC paid $3 million to HK Organization through the entity Boston Properties I, L.P. for the 15-unit residential walkup building (C1) at 988 Boston Road in Morrisania, Bronx, 16-unit residential walkup building (C1) at 992 Boston Road in Morrisania, Bronx, and development building (V3) at 585 East 164th Street in Morrisania, Bronx. The deal closed on September 14,…
Shaare Zion Congregation paid $5 million for the two-unit building (B1) at 2044 Ocean Parkway in Gravesend, Brooklyn. The deal closed on September 15, 2023 and was recorded on September 22, 2023. The property has 2,736 square feet of built space and 2,020 square feet of additional air rights for a total buildable of 4,765 square feet according to a PincusCo analysis of city data….
Carlyle Group through the entity Townhouse Rental II, L.L.C. paid $5.3 million to Alon Ashourzadeh through the entity 423 Court LLC for the three-unit mixed-use building (S3) at 423 Court Street in Carroll Gardens, Brooklyn. The deal closed on September 19, 2023 and was recorded on September 22, 2023. The property has 3,200 square feet of built space and 4,366 square feet of additional air…
The Japanese company Creas Inc. paid $9.8 million to Wharton Properties through the entity 117 North 4th St LLC for the eight-unit residential walkup building (C1) at 117 North 4th Street in Williamsburg, Brooklyn. The deal closed on September 13, 2023 and was recorded on September 22, 2023. The property has 6,500 square feet of built space according to a PincusCo analysis of city data….
Discount retailer DII Stores through the entity Sunset NYC Holdings LLC paid $10.4 million to Albert Mitrani through the entity Estjon, LLC for the retail building (K2) at 5105-5111 5th Avenue in Sunset Park, Brooklyn. The building has been long-occupied by Flamingo Furniture store. The deal closed on September 13, 2023 and was recorded on September 22, 2023. The property has 21,600 square feet of…
The entity Frees NYC LLC paid $12.2 million to developer Itafin through the entity Adina 74 Realty Corporation for the five-unit mixed-use building (S5) at 6 East 74th Street in Lenox Hill, Manhattan. The buyer was identified in court papers at Sonia Cheng. The deal closed on September 13, 2023 and was recorded on September 22, 2023. The property has 8,360 square feet of built…
Lender Ladder Capital through the entity Lacp LLP acquired title from Emerald Equity Group for the 38-unit residential elevator building (D7) at 120 West 116th Street, the 31-unit residential elevator building (D7) at 1917 Adam C Powell Boulevard, the nine-unit residential walkup building (C7) at 110 St. Nicholas Avenue, and one other, in Harlem, Manhattan. Ladder Capital was the former lender and filed to foreclose…
The Carlyle Group paid a total of $7.1 million for two walkup building to two separate sellers in Bushwick and in Bedford Stuyvesant, Brooklyn. In the first, Carlyle Group through the entity Townhouse Rental II, L.L.C. paid $3.7 million to Eric P. Nachimovsky through the entity Adda Properties Group, LLC for the six-unit building at 128 Moffat Street in Bushwick, Brooklyn. The deal closed on…
DiFalco Group through the entity Local Broadway LLC paid $7.6 million to Adam America Real Estate and Hampshire Properties through the entity 2461 Broadway LLC for two retail condominium units with 2,984 square feet on the first floor of the 52-unit condo building The Westly at 2461 Broadway in Upper West Side, Manhattan. The deal closed on September 11, 2023 and was recorded on September…
RYCO Capital through the entity West Lake 414-416 West Broadway LLC paid $13.2 million to Valerie Berk through the entity Valroge Corporation for a retail and an office condo at 414 West Broadway in SoHo, Manhattan. The deal closed on August 8, 2023 and was recorded on September 21, 2023. The two properties have 13,850 square feet of built space according to a PincusCo analysis…
An affiliate of hedge fund investor Louis Bacon through the entity 133-135 W. 13th Street Holdings, LLC paid $17 million to Kenneth Rosenblum through the entity 133 And 135 W 13th St, LLC for the six-unit mixed-use building (S5) at 133 West 13th Street in Greenwich Village, Manhattan and five-unit mixed-use building (S5) at 135 West 13th Street in Greenwich Village, Manhattan. The deal closed…
HELP USA through the entity Help Inwood Housing Development Fund paid $17 million to Abraham Podolok through the entity J&S Tellerman LLC for the 195-unit homeless shelter development at 1298 Inwood Avenue in Mt Eden, Bronx. On the lot, there is one active new building construction project for a 195-unit, 123,422 square-foot R-1 building. The project was submitted by Court Square Real Estate Partners and…
