Platinum Realty Associates through the entity 227-01 Linden LLC paid $2.4 million to Anastasia Soula through the entity Dora Realty Associates, LLC for the retail building (K1) at 227-01 Linden Boulevard in Cambria Heights, Queens. The deal closed on August 18, 2023 and was recorded on September 6, 2023. The property has 14,155 square feet of built space according to a PincusCo analysis of city…
Kai Nam Ng through the entity D & N NY LLC paid $2.7 million to Steven Levy, Michael Levy, Alan Collin, and Ina Lane through the entity Ingraham Realty Properties, LLC for the industrial building (F5) at 134 Ingraham Street in East Williamsburg, Brooklyn. The deal closed on August 21, 2023 and was recorded on September 6, 2023. The property has 5,500 square feet of…
The Kosher grocer Kosher Mehadrin Operations USA paid a total of $8.4 million for four adjacent properties, 4113 through 4121 13th Avenue in Borough Park, Brooklyn to separate owners in two separate transactions. The four properties do not include a corner. In the first, Kosher Mehadrin Operations USA through the entity Kosher Mehadrin Operations USA LLC paid $4.5 million to Cindy Wallach Blond and Gary…
An entity affiliated with Vitaly Litvin and Vladimir Slobodyansky, 232 Smith LLC, paid $5 million to North Hill Capital Management and Arena Investors through the entity Smith Street Reo, LLC for the corner development parcel (V1) at 232 Smith Street in Carroll Gardens, Brooklyn. The deal closed on August 31, 2023 and was recorded on September 6, 2023. The property has zero square feet of…
Two individuals paid $5.6 million to LTNG through the entity 153 Wyckoff Street Owner LLC for the two-unit building (B9) at 153 Wyckoff Street in Boerum Hill, Brooklyn. The deal closed on August 25, 2023 and was recorded on September 6, 2023. The property has 3,168 square feet of built space and 840 square feet of additional air rights for a total buildable of 4,000…
Artimus through the entity 1440 Art JV Member LLC paid $16.9 million to Cityscapes Realty through the entity Lefkas Realty LLC for a 50 percent stake in a two non-adjacent development parcels along Amsterdam Avenue between 131st Street and 133rd Street in Harlem, Manhattan. The other 50 percent member, Grid Group, was not impacted by this transaction. The deal closed on August 31, 2023 and…
Michael Chera through the entity 908 Church LLC as borrower signed a refi loan with lender Webster Bank valued at $14 million for three properties including the retail building (K4) at 523 Fulton Street and the mixed-use building (K4) at 405 Fulton Street in Downtown Brooklyn, and the retail building (K1) at 892 Flatbush Avenue in Flatbush, Brooklyn. The deal closed on August 17, 2023…
Andy Wong through the entity Golden 8th Avenue Realty Corp as borrower signed a refi loan with lender Cathay Bank valued at $23 million for 28 unsold commercial condominium units at 5521 8th Avenue in Sunset Park, Brooklyn. The deal closed on August 8, 2023 and was recorded on September 5, 2023. The prior lender was Shanghai Commercial Bank which held debt that had an…
RB Realty Capital through the entity Vp Capital Holdings LLC as borrower signed a refi loan with lender Ponce Bank valued at $47 million for the retail building (K2) at 77-39 Vleigh Place in Kew Garden Hills, Queens. The deal closed on August 25, 2023 and was recorded on September 5, 2023. The prior lender was Dime Community Bank which held debt that had an…
Andrew Tarlow through the entity Eleusis LLC paid $2.9 million to Isaac Dahan through the entity 374 Berry Street Realty Corp for the retail building (K1) at 85 Broadway and the adjacent vacant parcel (V1) on Berry Street in Williamsburg, Brooklyn. The deal closed on August 22, 2023 and was recorded on September 5, 2023. The two properties have 1,113 square feet of built space…
Joel Leifer through the entity 650 Southern Blvd Bronx LLC paid $3.2 million to Richard Pogostin through the entity Jerome Development Corp. for the religious building (M1) at 644-650 Southern Boulevard in Longwood, Bronx. Joel Leifer is affiliated with nursing homes and with the Excelsior Care Group. The deal closed on August 23, 2023 and was recorded on September 5, 2023. The property has 10,000…
Di Huang and Yao Yue through the entity 104-106 South Oxford Street paid $3.4 million to Sharon A. Barnes through the entity James R Barnes And Sharon A Barnes Revocable Trust for the two-unit mixed-use building (S2) at 104-106 South Oxford Street in Fort Greene, Brooklyn. The deal closed on August 17, 2023 and was recorded on September 5, 2023. The property has 3,187 square…
Jeremy Conway and David Schlachet through the entities 286 Broome JC Realty LLC and 286 Broome DS Realty LLC paid $2.5 million to Yau Wah Lam, Tin Tam Chang, and Ming F. Cheung for the eight-unit residential walkup building (C4) at 286 Broome Street in Lower East Side, Manhattan. The deal closed on August 28, 2023 and was recorded on September 1, 2023. The property…
Emir Sheikh through the entity Dinga LLC paid $2.8 million to Pedro Martinez and Jose Ventura through the entity Ventinez Venture LLC for the eight-unit residential walkup building (C4) at 32-82 30th Street in Astoria, Queens. The deal closed on August 29, 2023 and was recorded on September 1, 2023. The property has 7,228 square feet of built space according to a PincusCo analysis of…
Eric Belanich’s Bell Realty through the entity 101-21 Rockaway Blvd Realty LLC paid $3.2 million to Maria Falco and Michael Falco for the 20-unit residential walkup building (C7) at 101-21 Rockaway Boulevard in South Ozone Park, Queens. The deal closed on August 23, 2023 and was recorded on September 1, 2023. The property has 19,600 square feet of built space according to a PincusCo analysis…
The trustees for four securitized commercial property loans totaling $26.2 million filed pre-foreclosure actions against the owners of the Harlem properties. The buildings are 174 West 137th Street, 507 West 139th Street, 510 West 148th Street and 505 West 161st Street, and are owned by affiliates of City Skyline Realty and Peterson Capital. The largest loan, for $7.45 million, was secured by 174 West 137th…
Joel Schwartz through the entity 624 Metropolitan LLC paid $3.7 million to Joseph Dougherty through the entity Red Thumb Development, LLC for the development site (V1) at 624 Metropolitan Avenue in Williamsburg, Brooklyn. On the lot, there is one active new building construction project for an eight-unit, 11,464 square-foot residential (R-2) building. The project was submitted by Christian Pompa with plans filed February 25, 2019…
Samuel Brach through the entity SB 1865 LLC paid $10.3 million to the Chera family’s Crown Acquisitions through the entity Crown 18th Avenue LLC for the retail building (K1) at 6505 18th Avenue in Bensonhurst, Brooklyn. Crown Acquisitions bought the building less than two months earlier for $7.7 million. The deal closed on August 22, 2023 and was recorded on September 1, 2023. The property…
UPDATED: Wharton Residential Properties, representing the investments led by Jeff Sutton’s son Joseph Sutton, through the entity 14 Bedford Owner LLC, paid $13.5 million to Laub Realty through the entity Bedford 14 LLC for the 21-unit residential walkup building (C7) at 14-16 Bedford Street in Greenwich Village, Manhattan. The deal closed on August 29, 2023 and was recorded on September 1, 2023. The property has…
Lender Torchlight Investors through the entity Dof VI 445 Fifth, LLC acquired three retail condo at 445 Fifth Avenue in Grand Central, Manhattan from former borrower Harbor Group International through the entity 445 Fifth Avenue Associates, LLC, at a valuation of $40 million. The retail condos are at the base of a mixed-use building with 174 residential units, three retail units and eight other commercial…
