ABJ Properties through the entity 566-568 Holdings LLC paid $6.4 million to the Related Companies through the entity Nysandy8 Brooklyn I LLC for the eight-unit residential walkup buildings (C1) at 566 and 568 Baltic Street in Gowanus, Brooklyn. The deal closed on August 14, 2023 and was recorded on August 29, 2023. The two properties have 10,800 square feet of built space and 5,398 square…
The Chehebar family’s Jackson Group through the entity Jackson Jamaica Opportunity LLC paid $19.2 million to Jenel Management through the entity 162-21 Jamaica, LLC for the mixed-use building (K3) at 162-21 Jamaica Avenue in Jamaica, Queens and the property (V1) at 89-66 163rd Street in Jamaica, Queens. The deal closed on August 24, 2023 and was recorded on August 29, 2023. The two properties have…
Stawski Partners, a major office landlord, through the entity SDE 14 W 82 LLC paid $8 million to Davean Holdings through the entity 14 West 82 LLC for the 10-unit residential walkup building (C5) at 14 West 82nd Street in Upper West Side, Manhattan. The building is adjacent to the historic Beresford cooperative, which is an individual New York City Landmark facing Central Park. The…
Yong Ho Lee through the entity NB Plaza Property LLC paid $13.6 million to Allied Properties through the entity 21311 Northern Blvd LLC for the office building (O5) at 213-07 Northern Boulevard in Bayside, Queens. The deal closed on August 17, 2023 and was recorded on August 25, 2023. The property has 39,248 square feet of built space according to a PincusCo analysis of city…
Krinos Foods through the entity 1734 Bathgate Ave LLC as borrower signed a refi loan with lender Frost Bank valued at $26.2 million for the industrial building (E1) at 1750 Bathgate Avenue in Morrisania, Bronx. The deal closed on August 15, 2023 and was recorded on August 28, 2023. The prior lenders were TD Bank and Webster Bank which held debt that had an original…
Simon Kaufman through the entity 26 Sherman Residence LLC as borrower signed a refi loan with lender Greystone & Co. valued at $28.9 million for the 59-unit residential elevator building (D7) at 26-34 Sherman Avenue in Washington Heights, Manhattan. The deal closed on August 23, 2023 and was recorded on August 28, 2023. The prior lender was Valley National Bank which held debt that had…
Qatar Investment Authority through the entity Symphony CP (Park Lane) Owner LLC as borrower signed an acquisition loan with lender Apollo Global Management through the entity Athene Annuity And Life Company valued at $400 million for the Park Lane hotel (H1) at 36 Central Park South in Midtown West, Manhattan. On the same day, Qatar Investment Authority through the entity Central Acquisition Co LLC paid…
Yellow Jacket Ventures through the entity Ocean Heights Holdings LLC paid $1.4 million to Aulder Capital through the entity E. 21st And Newkirk LLC for the 15-unit residential walkup building (C1) at 390 East 21st Street in Flatbush, Brooklyn. The deal closed on August 23, 2023 and was recorded on August 28, 2023. The property has 11,520 square feet of built space and 1,606 square…
Adeline Sessa through the entity 81 Woodhull LLC paid $3.1 million to Anthony Ruffino and Dawn Ruffino through the entity Ruffino, LLC for the four-unit building (C3) at 81 Woodhull Street in Carroll Gardens, Brooklyn. The deal closed on August 10, 2023 and was recorded on August 28, 2023. The property has 2,464 square feet of built space and 1,935 square feet of additional air…
David Halberstam through the entity 340 Myrtle Development LLC paid $13.2 million to Marisol Diaz through the entity F&D Myrtle Realty Co., LLC for the 43-unit development site at 340 Myrtle Avenue at the corner of Carlton Avenue in Fort Greene, Brooklyn. On the lot, there is one active new building construction project for a 43-unit, 33,308 square-foot R-2 building. The project was submitted by…
18 Main through the entity Broome Hotel Owner, LLC paid $14.1 million to Vincent Boitier through the entity 431 Broome, LLC for the hotel building (H3) at 431 Broome Street in Little Italy, Manhattan. Balbec Capital provided a $9.2 million acquisition loan. The deal closed on August 18, 2023 and was recorded on August 25, 2023. The property has 8,803 square feet of built space…
Lender Mesa West Capital through the entity Mwreif Iv 76-82 St. Marks Lender, LLC acquired from RedSky Capital through the entity 76-82 St. Marks Spe, LLC the the 15-unit residential walkup building (C7) at 76 St Marks Avenue in Park Slope, Brooklyn. The transfer was a deed-in-lieu of foreclosure, with a transfer value of $24.1 million, which often simply reflects the total debt. The deal…
Atlas Capital Group through the entity ACI VI G10 Multifamily LLC acquired a 51 percent interest valued at $142.4 million in an 11-building Manhattan multifamily portfolio formerly owned by the Caiola family, which Blackstone Group and Fairstead purchased in 2015 for $486.9 million, as part of a larger $690 million purchase. The portfolio loan was sent to special servicing in February 2023, the Commercial Observer…
Qatar Investment Authority through the entity Central Acquisition Co LLC paid $622.9 million to the Abu Dhabi sovereign fund Mubadala Investment Company through the entity Symphony Cp (Park Lane) LLC for the Park Lane New York hotel building (H1) at 36 Central Park South in Midtown West, Manhattan. The sale is an entity level exchange, not a deed transfer. It is not clear if Witkoff…
Jeffrey Simpson’s Arch Companies sought an arbitration seeking to view and copy books and records related to a $44 million refinancing at 11 Greene Street, a 36-unit mixed-use new construction project in Soho. In 2017 Arch Companies became manager and led the project, but in 2022 was replaced by the project’s equity, controlled by Viatcheslav Mirilashvili, a Russian-born Israeli businessman whose family is worth billions….
Aleksandr Gilkarov of Bolex Capital Group through the entity 3230 Third Av., LLC as borrower signed a new construction loan with lender NorthEast Community Bank through the entity Northeast Community Bank valued at $11.8 million for the 86-unit project at 3230 3rd Avenue in Morrisania, Bronx. On the lot, there is one active new building construction project for a 86-unit, 24,814 square-foot hotel (R-1) building….
School of Visual Arts through the entity Chelgram Holding Corporation as borrower signed a refi loan with lender Lakeland Bank valued at $13.6 million for the hotel building (H8) at 17 Gramercy Park South in Gramercy, Manhattan. The building is the Gramercy Women’s Residence for SVA students. The deal closed on August 18, 2023 and was recorded on August 24, 2023. The prior lender was…
Mohammed Elsayed through the entity 4424 Fifth Ave LLC paid $2.2 million to Nuriss Clark through the entity Brooklyn Properties R E Corp. for the two-unit mixed-use building (S2) at 4424 5th Avenue in Sunset Park, Brooklyn. The deal closed on August 16, 2023 and was recorded on August 24, 2023. The property has 4,347 square feet of built space and 483 square feet of…
Garey V. Ellis, the co-founder of the preschool Inner Force Tots, through the entity Morah.E, LLC paid $3 million to Bawabeh Realty Holdings through the entity Bermuda Realty No. 2 LLC for the retail building (O7) at 1220 East New York Avenue in Crown Heights, Brooklyn. The buyer entity is located at the address of Inner Force Tots, a building also owned by Bawabeh Realty…
UPDATED: Carlyle Group through the entity Townhouse Rental II, L.L.C. paid $4 million to Beniamin Sadykov through the entity 171 Madison LLC for the four-family building at 171 Madison Street in Bedford Stuyvesant, Brooklyn. The deal closed on August 15, 2023 and was recorded on August 24, 2023. The property has 4,400 square feet of built space according to a PincusCo analysis of city data….
