Steven Gautier-Winther through the entity 332 Bowery Realty LLC paid $8.8 million to Joseph Bachman through the entity 332 Bowery LLC for the four-unit mixed-use building (S9) at 332 Bowery in NoHo, Manhattan. The deal closed on July 20, 2023 and was recorded on July 31, 2023. The property has 7,325 square feet of built space and 1,303 square feet of additional air rights for…
Sung Soo Han through the entity Hjs Tribeca LLC paid $13 million to Anthony LoConte through the entity 67 Murray Street, L.L.C. for the four-unit mixed-use building (S9) at 67 Murray Street in the Financial District, Manhattan. The deal closed on July 20, 2023 and was recorded on July 31, 2023. The property has 12,300 square feet of built space and 2,748 square feet of…
The entity 137 Second Avenue Holdings, LLC registered with the law firm Tarter Krinsky & Drogin paid $18.9 million to Cofinance Group through the entity 137 Second Avenue Owner, LLC for the office building (O2) at 137 2nd Avenue in East Village, Manhattan. PincusCo could not identify the beneficial owner behind the buyer LLC. The deal closed on July 25, 2023 and was recorded on…
Avdoo & Partners Development through the entity Cobble Hill Owner LLC paid $20.1 million to Hidrock Properties through the entity 110 Bp Property LLC for the retail building (K2) at 110 Boerum Place in Boerum Hill, Brooklyn and retail building (K2) at 96 Boerum Place in Boerum Hill, Brooklyn. These properties were badly damaged in a fire in March 2022. PincusCo reported in February 2023…
Rosenwach Group through the entity Laguardia Center Realty LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $11.4 million for the mixed-use building (K6) at 43-02 Ditmars Boulevard in Ditmars Steinway, Queens. The deal closed on July 24, 2023 and was recorded on July 28, 2023. The prior lender was Dime Community Bank which held debt that had an original loan…
Emmut Properties through the entity 45 Emmut Properties LLC as borrower signed a refi loan with lender Deutsche Bank valued at $68.5 million for the hotel building (H2) at 45 West 81st Street in Upper West Side, Manhattan. The deal closed on July 17, 2023 and was recorded on July 28, 2023. The prior lender was Benefit Street Partners which held debt that had an…
Tavros Capital, Charney Companies, and Canyon Partners through the entity Gowanus Douglass Street LLC as borrower signed a new construction loan with lender MassMutual through the entity Massachusetts Mutual Life Insurance Company valued at $119.9 million for the 261-unit development at 251 Douglas Street in Gowanus, Brooklyn. The deal closed on July 19, 2023 and was recorded on July 28, 2023. The prior lender was…
Peng Di Cen through the entity Metropolitan 88 Inc. paid $1.4 million to Anthony LaCava through the entity Aej Realty Corp. for the retail building (K1) at 1093 Metropolitan Avenue in East Williamsburg, Brooklyn. The deal closed on June 1, 2023 and was recorded on July 28, 2023. The property has 648 square feet of built space and 7,127 square feet of additional air rights…
Leo Li through the entity 37-16 103 Street LLC paid $2.1 million to John Safarian and Mark Safarian through the entity Safo Property Management, LLC for the four-unit mixed-use building (S9) at 37-16 103rd Street in North Corona, Queens. The deal closed on July 11, 2023 and was recorded on July 28, 2023. The property has 6,198 square feet of built space and 501 square…
Yu-Ming Wu and Wendy Lam through the entity Bowery7a LLC paid $2.2 million to Steve S. Cheung through the entity 89 Bowery Realty LLC for the office condo at 89 Bowery in Chinatown, Manhattan. The deal closed on July 24, 2023 and was recorded on July 28, 2023. The property has 2,148 square feet of built space according to a PincusCo analysis of city data….
Maverick Real Estate Partners through the entity Haight Street Mixed Use LLC acquired an interest from J&C International Group through the entity 41 Haight Street Mezzanine, LLC valued at $6.4M for 21-unit residential elevator building (D7) at 41-31 Haight Street in Flushing, Queens and four-unit mixed-use building (S4) at 41-27 Haight Street in Flushing, Queens. The deal closed on July 12, 2023 and was recorded…
Davis Companies through the entity Harlem Multi One LLC paid $12 million to the entity 1975 Madison LLC for the development site (V1) at 1975 Madison Avenue at 45 East 126th Street in East Harlem, Manhattan. The prior owners were RoundSquare Development and Azimuth Development Group, but it’s unclear if they were the seller. The deal closed on July 21, 2023 and was recorded on…
Paceline Equity Partners through the entity Lic Hotel Operating Company, LLC as borrower signed an acquisition loan with lender Ponce Bank valued at $24.4 million for the hotel building (HS) at 29-14 39th Avenue in Long Island City, Queens. The deal closed on July 20, 2023 and was recorded on July 27, 2023. The prior lender was Ponce Bank which held debt that had an…
Food Bazaar Supermarket and Bogopa Service Corp. through the entity 2784 Linden LLC as borrower signed an acquisition loan with lender ACORE Capital through the entity Acore Capital Mortgage valued at $44.9 million for five properties including the specialty building (J8) at 2770 Linden Boulevard in East New York, Brooklyn, development building (V1) at N/A Loring Avenue in East New York, Brooklyn, and industrial building…
Lender North Hill Capital Management through the entity Smith Street REO, LLC acquired title of the long-troubled vacant development site at 232 Smith Street in Carroll Gardens, Brooklyn. The total judgment was $30.8 million and the auction price was $2.6 million, leaving a deficiency of $28.2 million, according to the court filings. The former owner and borrower was an affiliate of developer Louis V. Greco…
Margaret Chian Gao through the entity Lilac Bay Properties LLC paid $7.3 million to Sackman Enterprises through the entity Cowrie Realty, LLC for the 10-unit residential walkup building (C1) at 251 West 76th Street in Upper West Side, Manhattan. The deal closed on July 6, 2023 and was recorded on July 27, 2023. The property has 5,695 square feet of built space and 2,056 square…
Bay Crane Companies paid $23 million to affiliates of the Weiss family which owns A.J. McNulty & Co., for nine industrial properties in Maspeth, Queens, in two transactions. In the first, Bay Crane Companies through the entity 53-20 44th Street Owner, LLC paid $16.1 million to A.J. McNulty & Co. through the entity Weiss Real Estate Development, LLC for the industrial building (E9) at 54-04…
Paceline Equity Partners through the entity LIC Hotel Operating Company LLC paid $34.5 million to Radson Development through the entity LIC Hotel Property LLC for the Home 2 Suites by Hilton hotel building (HS) at 39-06 30th Street with an alternate address of 29-14 39th Avenue in Long Island City, Queens. The deal closed on July 20, 2023 and was recorded on July 27, 2023….
The owner of Food Bazaar Supermarket paid $40 million to Shari Redstone’s National Amusements for a movie theater and related parking lots in East New York, Brooklyn, in two transactions. In the first, Food Bazaar Supermarket and Bogopa Service Corp. through the entity 2784 Linden LLC paid $35.2 million to National Amusements through the entity Linden Boulevard Theatres LLC for the specialty building (J8) at…
Developer Leonid Bogomolniy as buyer signed a $5.25 million contract to acquire from the Roman Catholic Church of St. Joachim the three-story former convent building at 83 Madison Street, also known as 85 Madison Street, in Two Bridges, Manhattan. Bogomolniy owns and has has developed properties in Brooklyn and Queens, but this would be his first property in Manhattan, according to a PincusCo analysis of…
