The anonymously owned entity Bayview Complex LLC paid $46 million to Oceangate Family Holdings LLC for a development parcel building (G7) at Bay View Avenue in Coney Island, Brooklyn. Oceangate Family Holdings LLC bought the property on April 25, 2023 from Starrett Companies for approximately $44.6 million, according to a person familiar with the transaction composed of about $22 million in air rights and $22.6…
Aziz Tareb through the entity 2009 Cruger LLC paid $6.2 million to Aida Balaj through the entity Bronxdale Properties LLC for the 43-unit residential elevator building (D7) at 2009 Cruger Avenue in Van Nest, the Bronx. The deal closed on September 6, 2023 and was recorded on September 20, 2023. The property has 49,260 square feet of built space according to a PincusCo analysis of…
Nissan Jusupov through the entity R&N 173-53 Croyden LLC paid $6.5 million to the United Nations International School for the school building (W3) at 173-53 Croydon Road and the adjacent vacant parcel (V0) at 173-65 Croydon Road in Jamaica Estates, Queens. The United Nations Internationals School is an independent private school affiliated with the United Nations located on the East Side of Manhattan. The school…
TARGO Capital Partners through the entity 110 Reade Property Owner LLC paid $9 million to Jad Sayage through the entity 110 Reade Street, LLC for the five-unit residential walkup building (C5) at 110 Reade Street in Tribeca, Manhattan. The deal closed on September 14, 2023 and was recorded on September 20, 2023. The property has 8,500 square feet of built space and 670 square feet…
Donald Hearn through the entity 1124 Wyckoff LLC paid $11.8 million to Lawrence Ben Pomeroy through the entity Whitlock Group LLC for the industrial building (F5) at 11-24 Wyckoff Avenue in Ridgewood, Queens. This is the buyer’s second purchase in Ridgewood. The deal closed on September 12, 2023 and was recorded on September 20, 2023. The property has 13,300 square feet of built space and…
The special servicer for a $77 million loan secured by the Walter & Samuels’s 143,479-square-foot office building at 315 West 36th Street in the Garment District, Manhattan, alleged the loan was in default and initiated foreclosure proceedings. The special servicer, Midland Loan Services, on behalf of Series 2018-COR3, filed the complaint in New York State Supreme Court yesterday. LINK Bisnow reported in July 2023 that…
The owner of four Brooklyn properties filed a bankruptcy petition in Brooklyn yesterday in order to halt an auction scheduled for today to sell the buildings with the addresses 330 Calyer Street, 273 Russell Street, 313 Eckford Street and 146 Diamond Street. Case LINK The total debt according to the notice of sale is $13 million. The four property LLCs are 330 Calyer LLC, Simple…
SC Holdings, a diversified investment company based in the Financial District, is in contract to pay $26 million for the historic Bowery Savings Bank building at 130 Bowery, in Chinatown, Manhattan, with a closing set for the end of October, according to court filings. The owners of the building, the Los Angeles-based Michael Marvisi and David Marvisi, are the sellers. They filed a bankruptcy petition…
Cohabs through the entity 391 Lewis LLC paid $3.2 million to Randall K. Hooks and Nina Hooks for the four-unit building (C3) at 391 Lewis Avenue in Bedford Stuyvesant, Brooklyn. The deal closed on August 30, 2023 and was recorded on September 18, 2023. The property has 6,000 square feet of built space according to a PincusCo analysis of city data. The sale price per…
Haresh Sajnani through the entity Little Park, LLC paid $5.7 million to Shauna Fitzgibbons and Gary Alan Culliss for the eight-unit residential walkup building (C1) at 258 West 71st Street in Lincoln Square, Manhattan. The deal closed on September 7, 2023 and was recorded on September 18, 2023. The property has 3,696 square feet of built space and 2,996 square feet of additional air rights…
Saul Maslavi through the entity SA Beach Channel Drive LLC paid $9.3 million to Yehuda Abboudi through the entity 97-25 Beach Channel LLC for the industrial building (F5) at 97-01 Beach Channel Drive in Rockaway Beach, Queens. The deal closed on September 11, 2023 and was recorded on September 18, 2023. The property has 43,800 square feet of built space and 1,348 square feet of…
Richard Born of BD Hotels through the entity West 42nd Street Developers, LLC as borrower signed an initial loan with lender Israel Discount Bank valued at $10 million for the fee under the hotel building (H2) at 510 West 42nd Street in Hell’s Kitchen, Manhattan. As the financing was provided, the partners of the ground tenant entity were fighting among themselves in state court. Landlord…
Cayre Equities through the entity 1260 Atlantic Avenue LLC as borrower signed a refi loan with lender Bank Hapoalim through the entity Bank Hapoalim B.M valued at $24.2 million for the storage building (E7) at 1260 Atlantic Avenue in Crown Heights, Brooklyn. The deal closed on September 12, 2023 and was recorded on September 19, 2023. The prior lender was Bank Hapoalim which held debt…
Carmel Partners through the entity CP VII 78th Street Owner, LLC as borrower signed a new construction loan with lender Northwestern Mutual Life Insurance valued at $153 million for the 94-unit development at 1487 First Avenue in Lenox Hill, Manhattan. On the lot, there is one active new building construction project for a 94-unit, 160,641 square-foot R-2 building. The project was submitted by Carmel Partners…
Anshel Niederman through the entity 1171-1175 Realty Group LLC paid $2.5 million to Isaac Katz through the entity 1171 60th St., Inc. for the 16-unit residential walkup building (C1) at 1175 60th Street in Borough Park, Brooklyn. The deal closed on September 11, 2023 and was recorded on September 19, 2023. The property has 13,884 square feet of built space according to a PincusCo analysis…
Juan Diaz through the entity Seven Star Family LLC paid $7 million to BNS Real Estate through the entity Ogden Avenue L.L.C. for the retail building (K4) at 1091 Ogden Avenue in Highbridge, Bronx. The deal closed on September 7, 2023 and was recorded on September 19, 2023. The property has 12,645 square feet of built space and 22,171 square feet of additional air rights…
Tara Bahl and Raghav Bahl through the entity Rbd Real Estate LLC paid $8.4 million to Jerrold Blumberg and Wharton Properties through the entity Third Avenue Enterprises, Inc for the retail building (K2) at 1905 Third Avenue in East Harlem, Manhattan. On the lot, there is one active new building construction project for a 18,952 square-foot office (B) building. The project was submitted by Andrew…
UPDATED 2:40 p.m., September 27, 2023: Lazar Waldman, through the entity 1325 Atlantic Ave Owner LLC, paid $13.2 million to Steven Green through the entity 1325 Atlantic Realty LLC for the mid-construction hotel building (H3) at 1325 Atlantic Avenue and an adjacent property in Bedford Stuyvesant, Brooklyn. Bankruptcy court records disclosed that Lazar Waldman, the property’s lessee, bought the building out of bankruptcy. On these…
Sioni Group through the entity 6 E 45 LLC paid $26.8 million to Silk & Halpern Realty Associates through the entity Silk And Halpern – 45th Realty Associates for the office building (O6) at 6 East 45th Street in Grand Central, Manhattan. The families affiliated with Silk & Halpern have owned the building since at least the 1970s. The deal closed on September 8, 2023…
UPDATED 9:40 a.m., Sept. 20: Son Dinh Tran through the entity 161 West 54th LLC paid $36.5 million to Cammeby’s International Group through the entity The Congress LLC for the 54-unit residential elevator building (D7) at 841 Seventh Avenue in Midtown West, Manhattan. The deal closed on August 22, 2023 and was recorded on September 18, 2023. The property has 85,309 square feet of built…
