Developer Wolfe Landau of Watermark Capital Group signed a $12.25 million contract to buy the two-parcel development site at 295 Willoughby Avenue and 920 Kent Avenue in Bedford Stuyvesant, Brooklyn, from the Roman Catholic Church. The buildings are the former Church of St. Lucy – St. Patrick at 924 Kent Avenue and the adjacent rectory. The parcel with 43,428 square feet of as-of-right development potential…
Professional photographer Joshua Kessler through the entity Ojoro Real Estate, LLC paid $3.5 million to Goldberg Group through the entity 211 E 46 LLC for the retail condo at 211 East 46th Street in Midtown East, Manhattan. The deal closed on June 28, 2023 and was recorded on August 11, 2023. The property has 2,474 square feet of built space according to a PincusCo analysis…
The anonymously owned entity Mountain High (NY) LLC paid $14.2 million to Premier Equities through the entity Premier 119-121 2nd Avenue LLC for the retail condo at 45 East 7th Street in East Village, Manhattan. The deal closed on July 21, 2023 and was recorded on August 11, 2023. The property has 5,886 square feet of built space according to a PincusCo analysis of city…
Joseph Yunatanov and Danielle Sarah Ben-Ishay through the entity 3551 Boston Associates LLC paid $14.9 million to Rajendra R. Patel through the entity Goldmine Management LLC for the hotel building (H3) at 89-34 162nd Street in Jamaica, Queens. The deal closed on July 28, 2023 and was recorded on August 11, 2023. The property has 30,266 square feet of built space and 1,259 square feet…
Ben-Josef Group Holdings paid $40 million to UBS Realty Investors for the 43-unit rental building at 100 Steuben Street and the 29-unit mixed-use building at 531 Marcy Street in Clinton Hill, Brooklyn in three separate transactions. In the first, Ben-Josef Group Holdings through the entity 100 Steuben Development LLC paid $22.3 million to UBS Realty Investors through the entity Steuben Street/Myrtle Avenue Apartments Owner LLC…
Prescott Lester, the great-grandnephew of the late Queens developer David Minkin, on behalf of 16 Queens buildings with a total of 1,856 residential units, signed refinance loans with JLL totaling $101.7 million in 12 separate transactions. David Minkin died at the age of 99 in 2003. In the largest transaction, Prescott Lester through the entity 66-25 103rd Street Gst Lmo 5, LLC as borrower signed…
Safe Harbor Equity through the entity 3075 21st Street Lender LLC bought a note with an original principal of $7 million from Maxim Capital Group secured by Szilvia Barnett and Theodore P. Kasapis’s development (V1) at 30-75 21st Street in Astoria, Queens. Florida-based Safe Harbor Equity focuses on buying distressed commercial debt. On the lot, there is one active new building construction project for a…
Kearny Bank on Friday filed two pre-foreclosure actions in Astoria, Queens, totaling $13 million. In the first, the bank filed a $9.7 million pre-foreclosure action related to 35-16 Astoria Boulevard, an elevator building with 15 residential units that has 14,114 square feet of built space according to a PincusCo analysis of city data. The borrower is 35-16 Astoria Blvd Holdings, LLC, an entity controlled by…
Sherif El-Gamal’s Soho Properties filed a second bankruptcy petition at the Margaritaville Resort Times Square at 560 Seventh Avenue in the Garment District in Manhattan, this time placing the fee owner entity under Chapter 11 protection. Soho Properties executive Sethian Pomerantz made the petition through the entity 560 Seventh Avenue Owner Primary LLC. Chapter 11 Document Case link 23-11289 The hotel has 234 guest rooms,…
Grubb Properties through the entity Carlisle New York Apartments, LLC as borrower signed a refi loan with lender Naftali Credit Partners through the entity 8 Carlisle NCP Lender, LLC valued at $45.1 million for the development building (V1) at 111 Washington Street in Financial District, Manhattan. On the lot, there is one active new building construction project for a 388-unit, 340,376 square-foot R-2 building. The…
Fortuna Realty Group through the entity Hotel 39th LLC as borrower signed a refi loan with lender Deutsche Bank valued at $124 million for the hotel building (H2) at 30 West 39th Street in Grand Central, Manhattan. The deal closed on July 25, 2023 and was recorded on August 10, 2023. The prior lender was Goldman Sachs which held debt that had an original loan…
Carmel Partners through the entity CP VI Crown Heights, LLC as borrower signed a new construction loan with lender Goldman Sachs through the entity Goldman Sachs Bank USA valued at $233 million for the 569-unit development at 54 Crown Street in Crown Heights, Brooklyn. There is is a new building project for a 569-unit, 394,528 square-foot R-2 building submitted by Carmel Partners and filed by…
RYCO Capital paid $17.1 million to Matt Bronfman of Jamestown for two adjacent properties in the West Village, Manhattan, in two separate transactions. The acquisition was financed with a $22 million loan from Derby Copland Capital. In the first, RYCO Capital through the entity West Lake 801-803 Greenwich LLC paid $8.55 million to Matt Bronfman through the entity 801 Greenwich Holdings, L.P. for the four-unit…
Oswald Rodriguez through the entity 1339 Jerome Avenue, LLC paid $9 million to Dragos Adrian Firescu through the entity Jerome Jsd Holdings LLC for the industrial building (E9) at 1339 Jerome Avenue in Mt Eden, Bronx. The deal closed on July 25, 2023 and was recorded on August 10, 2023. The property has 18,100 square feet of built space and 57,006 square feet of additional…
Green Street Group through the entity 170 Freeman LLC paid $14 million to Marshall Kesten through the entity BK Corners LLC for the development parcel (V1) at 1036 Manhattan Avenue in Greenpoint, Brooklyn. On the lot, there is one active new building construction project for a 67-unit, 44,637 square-foot R-2 building. The project was submitted by Jenna Goldman with plans filed September 24, 2020 and…
Broker and attorney Albert Feinstein through the entity 2 East Mansion LLC paid $19 million to Marymount School of New York for the school building (W3) at 2 East 82nd Street in Carnegie Hill, Manhattan. The deal closed on August 1, 2023 and was recorded on August 10, 2023. The property has 12,316 square feet of built space and 10,160 square feet of additional air…
Carlyle Group and Z+G Property Group through the entity 416 Metropolitan Ave Owner, L.L.C. paid $97.5 million to Joel Werzberger and Yoel Hershkowitch through the entity 420 Metro LLC for the 123-unit new building at 8 Marcy Avenue also known as 416 Metropolitan Avenue in Williamsburg, Brooklyn. The deal closed on July 26, 2023 and was recorded on August 10, 2023. The acquisition was financed…
Billionaire inventor James Dyson’s Weybourne Holdings acquired three retail cooperative units from Jeff Sutton and Reuben Brothers through the entity 747 Madison Retail Owner LLC valued at $135 million at 747 Madison Avenue in Lenox Hill, Manhattan. The approximately 11,000-square-foot retail location is leased to Versace and is at the base of the 63-unit co-op building with an address of 30 East 65th Street. Jeff…
An InterVest Capital Partners-controlled entity, Lafayette Portfolio Funding Ltd., bought a note with an original principal of $143 million from TPG Real Estate Partners secured by Nightingale Properties and InterVest Capital Partners’ office building (O3) at 300 Lafayette Street in SoHo, Manhattan. The loan had been threatened by foreclosure, as Crain’s reported last month. That threat has been removed with the purchase of the loan….
Joseph Torres, also known as Jose Torres, through the entity 99 Sutton Lender LLC as borrower signed a refi loan with lender Ellington Management Group through the entity EMG Transfer Agent LLC valued at $16 million for the 71-unit residential walkup building (C1) at 99 Sutton Street in Greenpoint, Brooklyn. The property was formerly in bankruptcy. 1-21-43124-ess The deal closed on July 31, 2023 and…
