Menachem Deutsch through the entity 974 Bedford Holdings LLC paid $4 million to Watermark Capital Group through the entity Zev Green LLC for the eight-unit residential walkup building (C1) at 974 Bedford Avenue in Bedford Stuyvesant, Brooklyn. The deal closed on August 29, 2023 and was recorded on September 8, 2023. The property has 7,868 square feet of built space according to a PincusCo analysis…
Carlyle Group through the entity Townhouse Rental II, L.L.C. paid $4.3 million to Joel Teitelbaum and Chaim Halberstam through the entity 1721 Putnam LLC for the six-unit residential walkup building (C2) at 1721 Putnam Avenue in Ridgewood, Queens. The deal closed on August 31, 2023 and was recorded on September 8, 2023. The property has 5,600 square feet of built space according to a PincusCo…
Loketch Group through the entity Prospect Grand Holdings LLC paid $8.3 million to Loretta Marotto through the entity Grand Ckm, LLC for the retail building (K1) at 630 Grand Avenue and an adjacent parcel in Crown Heights, Brooklyn. On these lots, there is one active new building construction project for a 32-unit, 34,654 square-foot R-2 building. The project was submitted by the Loketch Group and…
Alma Realty through the entity Getty Industries LLC paid $10.7 million to Sentinel Real Estate through the entity 658 West 188th Street LLC for the 88-unit residential elevator building (D1) at 658-666 West 188th Street in Washington Heights, Manhattan. The deal closed on August 30, 2023 and was recorded on September 8, 2023. The property has 98,124 square feet of built space according to a…
Vornado Realty Trust sued Raymond Gindi and affiliates of Century 21 alleging they broke a deal to return as an anchor tenant to Vornado’s Rego Center mall. Vornado says Century 21’s absence from the mall has, “disrupted and negatively impacted the tenant mix of the shopping center, reduced overall traffic to the mall, made it more difficult to attract other first-class tenants, and caused reputational…
A trustee for a securitized loan is seeking to retain a $1 million deposit given by an affiliate of Hafeez Choudhary, which bought a contract to buy the outstanding debt with an original principal of $21 million secured by a hotel at 39-05 29th Street, formerly known as the Holiday Inn Long Island City Manhattan View. Holiday Inn is not involved in the litigation. The…
Yellowstone Real Estate Investments through the entity YS 481 Eighth Holdings LLC bought a note with an original principal of $110 million from M&T Bank secured by the Unification Church’s hotel building (H2) at 481 8th Avenue in Garment District, Manhattan. The deal closed on September 1, 2023 and was recorded on September 7, 2023. The prior lender was M&T Bank which held debt that…
Angelo Rigas through the entity Zoriano, Inc. as borrower signed a loan with lender Hirshmark Capital through the entity 263 Prospect Ave Funding LLC valued at $30 million for development site at 263 Prospect Avenue in South Slope, Brooklyn, the industrial building (E1) at 4920 3rd Avenue in Sunset Park, Brooklyn and other properties. On these lots, there is one active new building construction project…
Hersha Hospitality Trust through the entity 44 Lexington Associates, LLC as borrower signed a refi loan with lender Monarch Alternative Capital through the entity MFI Icav valued at $51 million for two commercial condo units, hotel and retail, in the hotel building at 517 Lexington Avenue in Midtown East, Manhattan. The deal closed on August 30, 2023 and was recorded on September 7, 2023. The…
Capstone Equities through the entity 14 53 Owner LLC acquired the Whale Building, an office building (O6) at 14 53rd Street in Sunset Park, Brooklyn from Nightingale Properties through the entity Onh 14 53rd St LLC. The deed was a no-consideration transfer. Capstone held the prior debt with an original principal of $88 million. The Real Deal reported last month on the auction that Capstone…
Cohabs through the entity 517 Park Place LLC paid $2.2 million to Di-Nola Young and Aretha Young Williams for the four-family building (C3) at 517 Park Place in Crown Heights, Brooklyn. The deal closed on August 30, 2023 and was recorded on September 7, 2023. The property has 4,860 square feet of built space and 393 square feet of additional air rights for a total…
Israel Blackman through the entity Neptune Equities Group NY LLC paid $2.7 million to Vito Mancini through the entity 2516 Neptune LLC for the medical building (I7) at 2516 Neptune Avenue in Coney Island, Brooklyn. On the lot, there is one new building construction project for a 10-unit, 13,746 square-foot residential (R-2) building. The project was submitted by Vito Mancini with plans filed March 29,…
Ioannis Likidis through the entity 32-01 Broadway LLC paid $4.2 million to Christina Thermos through the entity Crescent Management Associates, LLC for the two-unit mixed-use retail building (K4) at 32-01 Broadway in Astoria, Queens. The deal closed on August 30, 2023 and was recorded on September 7, 2023. The property has 3,667 square feet of built space and 1,203 square feet of additional air rights…
Yechiel Newhouse through the entity SI Victory LLC paid $15 million to Bernard Gans through the entity 800 Victory Owners Inc. for the 150-unit residential elevator building (D1) at 800 Victory Boulevard in Silver Lake, Staten Island. The deal closed on August 10, 2023 and was recorded on September 7, 2023. The property has 143,419 square feet of built space according to a PincusCo analysis…
Jesse Deutch’s Two80 Real Estate Ventures through the entity Haven 172 LLC last week closed on the purchase of the 32-unit walkup (C1) building at 720 West 172nd Street also known as 123 Haven Avenue in Washington Heights, Manhattan. The seller was Barberry Rose Management, through the entity 121-123 Haven Holding LLC. The sale has not yet been recorded in public records. The contract date…
Brooklyn residents Joseph and Barbara Safdieh filed a complaint in Brooklyn State Supreme Court seeking to block a September 14, 2023 UCC foreclosure auction related to a Deal, New Jersey mansion alleged to be worth as much as $10 million. The UCC auction of an ownership interest in the property is to be held on the steps of the Kings County Courthouse next week. Case…
Namdar Realty Group and Klosed Properties through the entity 20 E 46 Lender LLC bought a note with an original principal of $30 million from East West Bank secured by Nightingale Properties’s office building (O6) at 20 East 46th Street in Grand Central, Manhattan. Nightingale controls the property through a ground lease. The fee owner is Solil Management. The deal closed on August 11, 2023…
Milsmith through the entity 45 West 36th Street LLC as borrower signed an initial loan with lender Apple Bank for Savings valued at $11 million for the office building (O6) at 43 West 36th Street in Garment District, Manhattan. The deal closed on August 24, 2023 and was recorded on September 6, 2023. The property has 108,875 square feet of built space according to a…
Kiska Developers through the entity Mpa32 LLC as borrower signed a initial loan with lender BankUnited valued at $20 million for the hotel building (HS) at 114 East 32nd Street in Park Avenue South, Manhattan. The deal closed on August 22, 2023 and was recorded on September 6, 2023. The property has 121,774 square feet of built space according to a PincusCo analysis of city…
Carlyle Group through the entity Townhouse Rental Ii, L.L.C. paid $2.3 million to Oren Hakim through the entity 1269 Jefferson Group LLC for the three-unit 1-4 family building (C0) at 1269 Jefferson Avenue in Bushwick, Brooklyn. The deal closed on August 30, 2023 and was recorded on September 6, 2023. The property has 2,679 square feet of built space and 1,938 square feet of additional…
