Barone Management through the entity BM Courtlandt Developer LLC as borrower signed a renovation construction loan with lender Low Income Investment Fund valued at $8.1 million for the specialty building (I5) at 629 Courtlandt Avenue in Melrose, Bronx. The deal closed on June 23, 2023 and was recorded on August 16, 2023. The property has 24,248 square feet of built space and 2,064 square feet…
SD Asset Management through the entity 779 Flatbush Propco LLC as borrower signed a refi loan with lenders Edward Sudit and Vladimir Sudit valued at $8.5 million for the 27-unit condominium development at 779 Flatbush Avenue in Flatbush, Brooklyn. The deal closed on August 2, 2023 and was recorded on August 16, 2023. The prior lender was Parkview Financial which held debt that had an…
Bifeng Liu through the entity 58 Bk NY LLC paid $3.2 million to Jamal A. Khalil through the entity 5812 8 Ave LLC for the two-unit mixed-use building (S2) at 5812 8th Avenue in Sunset Park, Brooklyn. The deal closed on August 9, 2023 and was recorded on August 16, 2023. The property has 3,300 square feet of built space and 592 square feet of…
Yenny Castillo through the entity Hull Management LLC paid $4.4 million to Peter Serpico and Carmine Dellacava through the entity Cdht LLC for the eight-unit residential walkup buildings (C1) at 3331 Hull Avenue, 3331 Hull Avenue in Norwood, Bronx, and eight-unit residential walkup building (C1) at 3335 Hull Avenue in Norwood, Bronx. The deal closed on August 8, 2023 and was recorded on August 16,…
Arben Mitaj through the entity 2180 Walton LLC paid $7 million to Barry Leon through the entity Morris Walton Owners LLC for the block-through development site (V0) at 2180 Walton Avenue and at 2183 Morris Avenue in Fordham Heights, Bronx. On these lots, there are two active new building construction projects and major alteration projects with initial costs more than $5 million, totaling 78,206 square…
Azimuth Development Group through the entity Bmad Merrick LLC paid $8.7 million to Top Rock Holdings through the entity 221-06 Merrick Blvd Partners LLC for the development building (V1) at 134-11 221st Street in Laurelton, Queens. There is a new building construction project for a 81-unit, 72,130 square-foot residential (R-2) building submitted by Myron Berman with plans filed January 17, 2020. The sale closed on…
Hirshmark Capital through the entity 181 Mott Street Funding LLC bought a note with an original principal of $2.1 million from Dime Community Bank secured by a four-unit mixed-use building (S4) at 181 Mott Street in Nolita, Manhattan. The deal closed on April 28, 2023 and was recorded on August 15, 2023. The property has 9,855 square feet of built space according to a PincusCo…
Saul P. Grosman through the entity Mill Ave Properties LLC as borrower signed a construction loan with lender Owemanco Mortgage Holding Corporation valued at $12 million for two properties including the property (W9) at 2150 Mill Avenue in Mill Basin, Brooklyn and property (Z9) at 2150 Mill Avenue in Mill Basin, Brooklyn. Saul P. Grosman also uses the name Paul Grosman. On these lots, there…
Shimon Lefkowitz through the entity 631-635 Foster Avenue, LLC as borrower signed a loan with lender Flagstar Bank valued at $25 million for the 120-unit assisted living building (I7) at 635 Foster Avenue in Kensington, Brooklyn. The property is known as Signature Senior Living and uses the address 631 Foster Avenue. The prior debt totaled $10.1 million and was provided by Metropolitan Commercial Bank on…
Jacob Fulop through the entity Grand Lofts NYC LLC paid $4.2 million to Candido P. Fernandez through the entity Pambar Realty LLC for the nine-unit residential walkup building (C4) at 754 Grand Street in Williamsburg, Brooklyn. The contract was signed February 2020. The deal closed on July 31, 2023 and was recorded on August 15, 2023. The seller bought the property on December 9, 2014,…
A group of buyers including Jonathan Unger, Chloe Unger and Gladys Galer paid $4.3 million to Dianne Arnold through the entity 107 Kent LLC for the three-unit building (C0) at 107 Kent Street in Greenpoint, Brooklyn. The deal closed on August 10, 2023 and was recorded on August 15, 2023. The property has 4,780 square feet of built space and 224 square feet of additional…
The Japanese company Norbil Trust Co. through the entity Norbil Investment paid $5.8 million to Marimo Co., Ltd. for the eight-unit residential walkup building (C1) at 69 Havemeyer Street in Williamsburg, Brooklyn. The deal closed on July 27, 2023 and was recorded on August 15, 2023. The property has 5,500 square feet of built space and 1,999 square feet of additional air rights for a…
Jack Gold’s Seventh Street Development Group signed a contract to pay $5 million for a development site that is portion of a larger tax lot at 397 Marcus Garvey Boulevard in Bedford Stuyvesant, Brooklyn. The contract, which was signed August 16, 2021, was only disclosed yesterday in a filing with New York State Supreme Court. Religious organizations need the approval of the court to sell…
Vadem Brodsky through the entity 297 Ventures LLC as borrower signed a loan with lender Lancewood Capital, LLC valued at $7.2 million for the development project at 297 Hicks Street in Brooklyn Heights, Brooklyn. On the tax block, there were three new building construction projects totaling 10,655 square feet. The largest is a one-unit, 3,617 square-foot residential (R-3) building submitted by Dia Onizawa with plans…
Tolib Mansurov of United Elite Group through the entity 75 Fourth Ave LLC as borrower signed a loan with Castellan Capital through the entity 4th Ave & St. Marks Place Brooklyn LLC valued at $9 million for six properties with 22 residential units including the four-unit mixed-use building (S4) at 75 4th Avenue in Park Slope, Brooklyn, four-unit mixed-use building (S4) at 73 4th Avenue…
Yung Ching Siu through the entity 4855 Baldwin Street Industrial LLC as borrower signed a loan with lender Axos Bank valued at $18.7 million for the industrial building (E9) at 4855 Baldwin Street in Mt. Vernon, the Bronx. The deal closed on June 30, 2023 and was recorded on August 14, 2023. The property has 28,910 square feet of built space and 1,845 square feet…
Katarzyna Kowalski through the entity 163 India LLC paid $2.4 million to the estate of Carmen Torres for the five-unit residential walkup building (C2) at 163 India Street in Greenpoint, Brooklyn. The deal closed on July 18, 2023 and was recorded on August 14, 2023. The property has 3,525 square feet of built space and 1,474 square feet of additional air rights for a total…
William Changhee Han through the entity Tribeca Fairfax LLC paid $2.6 million to James Brett Jordan through the entity 55 Murray LLC for the retail condo at 55 Warren Street in Financial District, Manhattan. The deal closed on July 24, 2023 and was recorded on August 14, 2023. The property has 3,165 square feet of built space according to a PincusCo analysis of city data….
An anonymous buyer in care of Jeffrey Zwick & Associates through the entity 37-06 36th Street Holdings LLC paid $35.7 million to The Collective through the entity The Collective Paper Factory LLC for the Paper Factory hotel (H9) at 35-02 37th Avenue in Long Island City, Queens. The Collective bought the property on March 18, 2019, for $58 million. The deal closed on August 8,…
Pacific Urban Investors through the entity Sierra NYC LLC paid $183 million to Related Companies Orda Management through Armory Place LLC (and another) for the 213-unit rental condo at 125 West 14th Street in Chelsea, Manhattan. The deal closed on August 8, 2023 and was recorded on August 14, 2023. The property has 180,281 square feet of built space according to a PincusCo analysis of…
