Realterm through the entity Aero JFK II, LLC as borrower signed a new construction loan with lender JPMorgan Chase valued at $119.1 million for a project at 154-68 Brookville Boulevard in JFK Airport, Queens. The deal closed on July 19, 2023 and was recorded on August 4, 2023. The neighborhood In JFK Airport, The majority, or 100 percent of the 17.2 million square feet of…
Paulin Durgaj through the entity 790 East 151 LLC paid $1 million to Steve Zervoudis of Galaxy General Contracting through the entity Lamia Development LLC for the development site (V0) at 790 East 151st Street in Longwood, Bronx. On the same day, Durgaj paid Zervoudis $1.6 million for 599 Tinton Avenue, but recorded the purchase a day earlier. On the parcels, there was one new…
Paul William Henry through the entity 638 East 12th Lp paid $2.8 million to Christine Giurdanella-Renzi through the entity 432 East 11th St. Corp. for the industrial building (F5) at 638 East 12th Street in Alphabet City, Manhattan. The deal closed on July 18, 2023 and was recorded on August 4, 2023. The property has 4,532 square feet of built space and 4,404 square feet…
Alex Kim through the entity SJ Marketing And Management LLC paid $8 million to buy out partners at the 10-unit residential walkup building (C1) at 307 West 71st Street in Lincoln Square, Manhattan. The deal closed on July 24, 2023 and was recorded on August 4, 2023. The property has 4,960 square feet of built space and 1,568 square feet of additional air rights for…
Mendel Kaff through the entity Ra Ex LLC paid $9.2 million in an entity-level purchase from Sg Ny Capital LLC for 2021 Avenue X in Sheepshead Bay, Brooklyn. The entity of record that owns the property remains ZNC LLC. Mendel Kaff is identified as the CEO of the buyer entity. The office building in Sheepshead Bay has 6,250 square feet of built space and 1,199…
$2.5M North Corona bankruptcy: The petitioner Choy Ling Lam claims the the contiguous parcels including 112-45 Roosevelt Avenue are are worth $2.5 million citing comparable sales analysis. The current debt owned by Bo Knows JY LLC, the note holder, is $2.1 million. Link The property was involved in two lawsuits and one bankruptcy over the past two years. The highest value suit was a $1.7…
CMBS trustee files a $15.5 million pre-foreclosure action against the owners of 6 Stone Street in Manhattan and 153 and 162 Montague Street in Brooklyn. The complaint identifies the owners as affiliates of Conway Capital. LINK Sources familiar with the loan said the filing was a procedural action and the parties have an agreement on a forbearance that will bring the loan into good standing…
GPG Properties through the entity GPG 160s3 LLC paid $3 million to Anna Ivasilevich through the entity 160 South 3rd Street Associates for the 30-unit residential walkup building (C1) at 158-160 South 3rd Street in Williamsburg, Brooklyn. The deal closed on July 25, 2023 and was recorded on August 3, 2023. The property has 19,950 square feet of built space according to a PincusCo analysis…
Cadence Property Group through the entity Cadence 51/52 Development LLC paid $3.4 million to John Tamigi, Lance Halperin, and Maxine Moskowitz for the industrial building (E9) at 360 West 52nd Street in Hell’s Kitchen, Manhattan. Cadence paid $15.X million for the larger development site next door in April 2023. In June 2023, the firm filed plans for a 32-unit project at the site. The deal…
Adriana Arrao through the entity Westside Adventures LLC paid $3.6 million to James Gleason through the entity 714 West 11th Avenue Assoc. LLC for the seven-unit residential walkup building (C7) at 714 11th Avenue in Hell’s Kitchen, Manhattan. The deal closed on July 26, 2023 and was recorded on August 3, 2023. The property has 6,075 square feet of built space and 2,977 square feet…
Moshe Glassman through the entity 1499 Bruckner LLC paid $5.5 million to Gadi Benhamo through the entity Bruckner 26 Corp. for the industrial building (GW) at 1499 Bruckner Boulevard in Soundview, Bronx. The deal closed on July 31, 2023 and was recorded on August 3, 2023. The property has 2,444 square feet of built space and 32,209 square feet of additional air rights for a…
Adams & Company through the entity 121 East 24th Street LLC paid $5.8 million to Rockrose Development through the entity T24p LLC for the office building (O6) at 121 East 24th Street in Flatiron District, Manhattan. This is the second partial interest transfer between the parties in a month. On July 20, 2023, Adams & Company paid $28 million to Rockrose for a 12.9 percent…
The entity D8 300 E69 LLC paid $8.5 million to John Rapp through the entity 300 East 69th Street LLC for the six-unit mixed-use building (S9) at 300 East 69th Street in Lenox Hill, Manhattan. The deal closed on July 20, 2023 and was recorded on August 3, 2023. The property has 4,716 square feet of built space and 10,530 square feet of additional air…
TARGO Capital Partners through the entity 5 Spring Property Owner LLC paid $10 million to R.A. Cohen & Associates and MacArthur Holdings through the entity Aviv Associates, LLC for the 21-unit residential walkup building (C7) at 5 Spring Street in Nolita, Manhattan. The deal closed on July 26, 2023 and was recorded on August 3, 2023. The property has 9,135 square feet of built space…
Robin Damaghi through the entity 76 1st Pl LLC paid $10.8 million to William Sbarbaro, Nicholas Liverani, and Michelle Pellegrino through the entity Gugliara, Jeanne for the four-unit building at 76 1st Place and an adjacent development parcel. in Carroll Gardens, Brooklyn. On the lot, there is one active new building construction project for a six-unit, 10,974 square-foot R-2 building. The project was submitted by…
Anthony Coll through the entity 172 Duane Street Realty LLC as borrower signed a refi loan with lender Castellan Capital through the entity Duane St 172 LLC valued at $13.5 million for the office building (O2) at 172 Duane Street in Tribeca, Manhattan. The deal closed on July 17, 2023 and was recorded on August 2, 2023. The property has 7,830 square feet of built…
BLDG Management through the entity BLDG Oceanside LLC as borrower signed a refi loan with lender M&T Bank through the entity Manufactures And Traders Trust Company valued at $11.6 million for the retail building (K2) at 4951 Broadway in Inwood, Manhattan. The deal closed on July 27, 2023 and was recorded on August 2, 2023. The prior lender was M&T Bank which held debt that…
David Edelstein through the entity F&M Realty LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $11.7 million for the 67-unit residential elevator building (D7) at 801-809 West 181st Street in Washington Heights, Manhattan. The deal closed on July 31, 2023 and was recorded on August 2, 2023. The prior lender was Flagstar Bank which held debt that had an original…
Joel Wieder through the entity GW Ryer LLC paid $5.7 million to Spaxel through the entity 2047 Ryer Avenue LLC for the development site (V0) at 2047 Ryer Avenue in Fordham Heights, Bronx. This parcel was the subject of litigation with another potential buyer suing over a $5.7 million purchase contract. The deal closed on July 24, 2023 and was recorded on August 2, 2023….
Extell Development through the entity Extell 171 West 57th Street LLC paid $11.3 million to Forrell & Thomas through the entity Forrell & Thomas L.P. for the retail condo at 171 West 57th Street in Midtown West, Manhattan. Extell already controlled the property through a long-term lease that ran to 2047. Extell financed the purchase with a loan from Pacific National Bank valued at $14.7…
