ConnectOne Bank filed three pre-foreclosure actions totaling $17.6 million against a single owner in the Bronx. The suits alleges the owner, David Kleiner, has defaulted on the loans. Court filings represent the position of one party and are not necessarily accurate or complete. Prior to this, ConnectOne Bank filed at least seven pre-foreclosure actions in New York City since December 2020 for a total of…
HUBB NYC through the entity Adam Clayton Blvd LLC paid $18.8 million to UBS Realty Investors through the entity 2130 ACP Boulevard Investors, LLC for the 46-unit residential elevator building (D7) at 2130 Adam C Powell Boulevard in Harlem, Manhattan. This is the assignment and sale of an existing ground lease. HUBB NYC is now the new tenant under the ground lease. The deal closed…
Adams & Company through the entity 16 Madison Square West LLC paid $43.6 million to Rockrose Development through the entity Erlimba L.L.C. for a 12 percent stake in the office building (O6) at 1115 Broadway in Flatiron District, Manhattan. The deal closed on August 14, 2023 and was recorded on August 23, 2023. The property has 259,749 square feet of built space according to a…
UPDATED: MCR Hotels through the entity M4 Gramercy Park Hotel LLC as tenant signed a 99-year ground lease valued at $179.8 million with Solil Management through the entity Gramercy Park Partners, LLC as landlord, for the hotel building (H1) at 2 Lexington Avenue in Gramercy, Manhattan. The hotel is facing Gramercy Park and was formerly controlled by Aby Rosen’s RFR Holding, which lost control of…
The Turkish fast grocery delivery company Getir stopped paying rent and abandoned its location at a commercial condominium unit 181 East 101st Street in Carnegie Hill, Manhattan, according to a complaint filed August 23, 2023 in New York State Supreme Court. 654071/2023 The landlord, WW1834 LLC, controlled by Daniel Klaynberg’s Wonder Works Construction, is seeking the entire unpaid rent over the 10-year lifetime of the…
Rialto fund files $8.5M pre-foreclosure in Brooklyn: Rialto Capital Management’s debt fund RREF IV-D SN Portfolio, LLC, filed a pre-foreclosure action against the owners of 228 Manhattan Avenue in Williamsburg, 331 Melrose Street in Bushwick, and 1175 Bedford Avenue in Bedford Stuyvesant, with an original principal of $8.5 million. The lender filed the case in Brooklyn State Supreme Court on August 23, 2023. 524532/2023 Court…
One month after buying the debt, Florida-based Safe Harbor Equity through the entity 3075 21st Street Lender LLC filed a pre-foreclosure action claiming $6 million in principal secured by a development site (V1) at 30-75 21st Street in Astoria, Queens, was in default. Florida-based Safe Harbor Equity focuses on buying distressed commercial debt. Court filings represent the position of one party and are not necessarily…
Ndricim Kastrati through the entity JRNK LLC as borrower signed a new construction loan with lender Bayport Funding valued at $6 million for the 26-unit project at 2216 Aqueduct Avenue in University Heights, Bronx. On the lot, there is one active new building construction project for a 26-unit, 17,396 square-foot residential (R-2) building. The project was submitted by Joseph Rukaj and filed by Joseph Rukaj…
Ching Lau and Ying Liu through the entity 34w9 LLC as borrower signed an initial loan with lender Bank of America valued at $11 million for the five-unit residential walkup building (C2) at 34 West 9th Street in Greenwich Village, Manhattan. The deal closed on August 10, 2023 and was recorded on August 22, 2023. The property has 5,116 square feet of built space and…
Coutinho Properties through the entity Claremont Properties LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $13.1 million for two properties with 58 residential units including the 36-unit residential elevator building (D7) at 180 Claremont Avenue in Morningside Heights, Manhattan and 22-unit residential walkup building (C7) at 317 East 75th Street in Lenox Hill, Manhattan. The deal closed on July 31,…
Maier Jankovits through the entity 81 Beadel LLC paid $1.6 million to Stanley Gomes and John Gomes through the entity Gomes, John for the five-unit residential walkup building (C2) at 81 Beadel Street in East Williamsburg, Brooklyn. The deal closed on August 14, 2023 and was recorded on August 22, 2023. The property has 3,300 square feet of built space according to a PincusCo analysis…
Tong Mei Wan through the entity Wanco Realty LLC paid $1.8 million to Nerim Capri through the entity Winco Realty LLC for the industrial building (E1) at 260 49th Street in Sunset Park, Brooklyn. The deal closed on August 14, 2023 and was recorded on August 22, 2023. The property has 3,500 square feet of built space and 500 square feet of additional air rights…
Andrew Gonchar through the entity Victory Group Holdings LLC paid $5.5 million to Joseph K. Robles through the entity Victory 25 LLC for the retail building (O5) at 25 Victory Boulevard in St. George, Staten Island. The deal closed on August 1, 2023 and was recorded on August 22, 2023. The property has 13,497 square feet of built space and 1,346 square feet of additional…
Reuben Brothers through the entity 510 Fifth Propco LLC paid $50 million to Vornado Realty Trust through the entity 510 Fifth Avenue LLC for the retail building (O5) at 510 Fifth Avenue in Midtown West, Manhattan. This is another building that is part of a $124 million portfolio sale between Vornado and Reuben Brothers including its $50 million purchase of three retail locations in SoHo,…
William Rainero as managing member of the entity that owns the historic townhouse at 80 West Washington Place in Greenwich Village, Manhattan, filed a $25 million bankruptcy petition to halt a foreclosure auction scheduled for August 23, 2023, the day after the filing. The owner entity is 80 West Washington Place Real Estate Holdings LLC. The building was home to composer John Philip Sousa. The…
Hafeez Choudhary through the entity Queens Plaza South, LLC as borrower signed a refi loan with lender GreenLake Asset Management through the entity GreenLake Real Estate Finance LLC valued at $60 million for the hotel building (H9) at 52-09 31st Place in Long Island City, Queens. The deal closed on August 10, 2023 and was recorded on August 21, 2023. The prior lender was GreenLake…
BD Hotels through the entity Elysee Hotel, LLC as borrower signed a refi loan with lender Metropolitan Commercial Bank valued at $34.5 million for the Hotel Elysee building (H1) at 56 East 54th Street in Midtown East, Manhattan. The deal closed on August 11, 2023 and was recorded on August 21, 2023. The prior lender was Citizens Bank which held debt that had an original…
Greenbrook Partners through the entity 280 Suydam Street Owner LLC paid $2.2 million to Bristol 21 LLC for the six-unit residential walkup building (C2) at 280 Suydam Street in Bushwick, Brooklyn. The deal closed on August 14, 2023 and was recorded on August 21, 2023. The property has 5,250 square feet of built space and 824 square feet of additional air rights for a total…
Changu Lee and Kelcy Tae Lee through the entity Northern Plains LLC paid $3.8 million to the Si Uk Chan estate through the entity Jchons, LLC for the mixed-use building (K4) at 45-16 162nd Street in Murray Hill, Queens. The deal closed on August 10, 2023 and was recorded on August 21, 2023. The property has 13,150 square feet of built space according to a…
Albert Srour through the entity 252 74th LLC paid $13.5 million to Bronstein Properties through the entity Bay Ridge 74 LLC for the 66-unit residential elevator building (D1) at 252 74th Street in Bay Ridge, Brooklyn. The deal closed on August 10, 2023 and was recorded on August 21, 2023. The property has 67,056 square feet of built space according to a PincusCo analysis of…
