Bridgeton Holdings through the entity Bridgeton 396 Broadway Fee LLC as borrower signed a refi loan with the Saudi lender Riyad Bank through the entity Riyad Bank Houston Agency valued at $60 million for the hotel building (H2) at 396 Broadway in Chinatown, Manhattan. According to a PincusCo analysis of property records, this is the first commercial loan Riyad Bank has provided in New York…
Vornado Realty Trust, Blackstone Group, and Hudson Pacific Properties through the entity Pier 94 Leaseco, LLC as borrower signed a new construction loan with lender RBC Real Estate Capital Partners through the entity RBC Real Estate Capital Corp. valued at $123.2 million for Pier 94 specialty building (T9) at 755 12th Avenue in Hell’s Kitchen, Manhattan. The deal closed on August 28, 2023 and was…
Claudiu Fatu through the entity Fourteen Astoria LLC paid $3.8 million to Tamer Tamer and Salvatore D. Mendolia through the entity 449 Liberty LLC for the 10-unit residential walkup building (C7) at 449 Liberty Avenue in East New York, Brooklyn. The deal closed on September 1, 2023 and was recorded on September 12, 2023. The property has 7,844 square feet of built space according to…
Huat Beng Khoo and Kah Wai Khoo through the entity MHK Management Group LLC paid $7.3 million to Christopher Maldari through the entity 557-559 3rd Ave Realty Corp. for the industrial building (F5) at 557-559 Third Avenue in Gowanus, Brooklyn, industrial building (F5) at 561-563 3rd Avenue in Gowanus, Brooklyn, and industrial building (G1) at 565-567 3rd Avenue in Gowanus, Brooklyn. The deal closed on…
Meadow Partners through the entity Highline 22 Owner LLC paid $23 million to high net worth individuals through the entity Highline 22 LLC for the eight-unit residential walkup building (C7) at 203 10th Avenue in Chelsea, Manhattan, nine-unit residential walkup building (C7) at 205 10th Avenue in Chelsea, Manhattan, and 10-unit residential walkup building (C1) at 505 West 22nd Street in Chelsea, Manhattan. Robert Morgenstern’s…
Safeguard Self Storage through the entity Ppf Ss 130-02 South Conduit Avenue, LLC paid $57.1 million to Triangle Equities through the entity South Conduit Property Owner LLC for the property at 130-02 South Conduit Avenue in South Ozone Park, Queens. The deal closed on August 31, 2023 and was recorded on September 12, 2023. The property has 166,000 square feet of built space according to…
Magna Hospitality Group through the entity NY 48 LLC paid $159.3 million to McSam Hotel Group through the entity Tmhcr 48th Street LLC for the property at 150 West 48th Street in Midtown West, Manhattan. The deal closed on September 8, 2023 and was recorded on September 12, 2023. The property has 100,104 square feet of built space according to a PincusCo analysis of city…
Dino Tomassetti Jr. and Irene Tomassetti through the entity Croisic Fee Owner II, LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $26 million for the fee under the office building (O3) at 220 Fifth Avenue in NoMad, Manhattan. The building is controlled by Stellar Management through a long-term ground lease. The deal closed on August 30, 2023 and was recorded…
Cipriani through the entity GC 55 Ballroom, LLC as borrower signed a refi loan with lender Citibank through the entity Citi Real Estate Funding Inc. valued at $90 million for five condominium units, including the retail condo at 55 Wall Street in Financial District, Manhattan, retail condo at 110 East 42nd Street in Grand Central, Manhattan, and office condo at 110 East 42nd Street in…
Howard Hughes Corporation through the entity 250 Seaport District, LLC as borrower signed a refi loan with lender Mizuho Bank through the entity Mizuho Capital Markets LLC valued at $115 million for the development building (V1) at 250 Water Street in Financial District, Manhattan. On the lot, there is one active new building construction project for a 269-unit, 528,345 square-foot R-2 building. The project was…
Rosanna Rizzo through the entity 245-247 86 Street Estates, LLC paid $3.4 million to Katerina Nikiforou Papadakis through the entity 86 Street Estates, LLC for the office buildings (O8) at 245 and 247 86th Street in Bay Ridge, Brooklyn. The deal closed on August 30, 2023 and was recorded on September 11, 2023. The two properties have 7,200 square feet of built space according to…
The Chehebar family’s Jackson Group through the entity 1417 Avenue U LLC paid $4.6 million to Parkland Group through the entity 1417 Avenue Associates LLC for the retail building (K1) at 1417 Avenue U in Sheepshead Bay, Brooklyn. The deal closed on September 6, 2023 and was recorded on September 11, 2023. The property has 9,346 square feet of built space and 11,454 square feet…
Eckstrom NYC through the entity 51 Tompkins Place LLC paid $4.9 million for the three-unit family building (C0) at 51 Tompkins Place in Cobble Hill, Brooklyn. The deal closed on August 24, 2023 and was recorded on September 11, 2023. The property has 3,520 square feet of built space and 2,030 square feet of additional air rights for a total buildable of 5,545 square feet…
Alma Realty through the entity Getty Industries LLC paid $5.1 million to Sentinel Real Estate through the entity 140 Clarkson LLC for the 59-unit residential elevator building (D1) at 140 Clarkson Avenue in Flatbush, Brooklyn. The deal closed on August 30, 2023 and was recorded on September 11, 2023. The property has 69,491 square feet of built space according to a PincusCo analysis of city…
Ralph Harpert and Harold Klein through the entity 1261 49 Holdings LLC paid $7.4 million to Janina Gonen and Betty Nusblat through the entity Beitscher, LLC for the 49-unit residential walkup building (C1) at 1261 49th Street in Borough Park, Brooklyn. The deal closed on September 1, 2023 and was recorded on September 11, 2023. The property has 43,000 square feet of built space according…
Vornado Realty Trust, Blackstone Group, and Hudson Pacific Properties through the entity Pier 94 Leaseco, LLC signed a lease with landlord the City of New York valued at $89.6 million for the specialty building (T9) at 755 12th Avenue in Hell’s Kitchen, Manhattan and the adjacent parcel jutting into the Hudson River at West 54th Street in Hell’s Kitchen, Manhattan. The deal closed on August…
Lender Toorak Capital Partners filed six pre-foreclosure cases yesterday against a developer tied to projects in the Bronx totaling $13.9 million. The cases allege the developer of the six properties in the borough had defaulted on the loans with a combined original principal of $13.9 million. The actual amount they allege is due is much higher. The properties are 1877 Harrison Avenue, 55 Clifford Place,…
Pasquale DeBenedictis of Cassena Care through the entity Village Acquisition II, LLC paid $29.75 million to the nonprofit Village Center for Care for the rehabilitation and nursing facility building (I6) at 214 West Houston Street in Greenwich Village, Manhattan. The deal closed on August 31, 2023 and was recorded on September 11, 2023. The property has 64,260 square feet of built space according to a…
Sandra Erickson Real Estate through the entity Morris Heights NCP LLC as borrower signed a new construction loan with lender Webster Bank valued at $28.6 million for four development properties including the development building (V0) at 2275 Loring Place North in University Heights, Bronx, development building (V0) at 1647 Popham Avenue in Morris Heights, Bronx, and development building (V0) at 30 West 182nd Street in…
ZD Jasper Realty through the entity ZDJ Hudson Yards LLC as borrower signed a new construction loan with lender Preferred Bank valued at $103 million for a development site (V1) at 501 9th Avenue in Hudson Yards, Manhattan, development building (V1) at 485-487 9th Avenue in Hudson Yards, Manhattan, and development building (V1) at 489-491 9th Avenue in Hudson Yards, Manhattan. On these lots, there…
