Maddd Equities through the entity Maddd Kingsbridge LLC as the buyer signed a contract with George Kaperonis through the entity Snowcap, LLC as the seller of three properties including the mixed-use building (K5) at 3657 Kingsbridge Avenue, the industrial building (G7) at 3630 Kingsbridge Avenue and the industrial building (G7) at 3627 Kingsbridge Avenue in Kingsbridge, Bronx. The sale price was not disclosed. The deal…
Matthew Matatov through the entity 639 Hicks St LLC paid $2.9 million to Matthew Goldfine through the entity 65 Woodhull LLC for the seven-unit residential walkup building (C7) at 65 Woodhull Street in Carroll Gardens, Brooklyn. The deal closed on June 29, 2023 and was recorded on July 24, 2023. The property has 5,480 square feet of built space according to a PincusCo analysis of…
Joseph Merola Jr. through the entity 447 Fenimore Street Realty LLC paid $4.1 million to Gwen Libstag through the entity Bergen 390 LLC for the five-unit residential walkup building (C2) at 390 Bergen Street in Park Slope, Brooklyn. The deal closed on July 6, 2023 and was recorded on July 24, 2023. The property has 3,600 square feet of built space and 400 square feet…
Nedzad Kolenovic through the entity 1210 Stratford LLC paid $5.2 million to Menachem Mendel Ickowics through the entity Marquis Realty LLC for the 53-unit residential elevator building (D1) at 1210 Stratford Avenue in Soundview, Bronx. The deal closed on July 13, 2023 and was recorded on July 24, 2023. The property has 52,536 square feet of built space according to a PincusCo analysis of city…
Tahari Capital through the entity 515 W 47 LLC paid $7.7 million to Corigin through the entity 515 West 47th Street LLC for the 15-unit residential walkup building (C7) at 515 West 47th Street in Hell’s Kitchen, Manhattan. The deal closed on July 20, 2023 and was recorded on July 24, 2023. The property has 10,675 square feet of built space and 4,442 square feet…
Russell Fridman through the entity 305 East 21st Owner LLC paid $8 million to Edith Halpert, Sammy Chaim Halpert, Chanie Engel and others through entities 305 Ohara LLC for the 37-unit residential walkup building (C1) at 305 East 21st Street in Gramercy, Manhattan. The deal closed on June 27, 2023 and was recorded on July 24, 2023. The property has 21,356 square feet of built…
Meir Cohen of Cohen Equities signed a contract to buy a 44,000-square-foot commercial condominium unit at 529 to 543 West 42nd Street in Hell’s Kitchen, Manhattan. The contract was signed on January 31, 2023 and disclosed in a filing with the New York State Attorney General, which on July 17 granted approval for the sale. The sale is expected to close in 2024. The seller…
Stagg Group through the entity Stagg Group LLC as borrower signed a new construction loan with lender NYC Housing Development Corporation valued at $136.8 million for the development (V1) at 1001 Whitlock Avenue in Longwood, Bronx. On the lot, there is one active new building construction project for a 243-unit, 213,037 square-foot R-2 building. The project was submitted by Eli Davidowitz with plans filed September…
East End Capital through the entity Sunnyside Studios Owner, LLC as borrower signed a new construction loan with lender Canyon Partners through the entity Cred III-Sl Acquisition LLC valued at $193.6 million for the industrial building (F2) at 48-02 48th Avenue in Sunnyside, Queens. On the lot, there is one active new building construction project for a 216,255 square-foot industrial building. The project was submitted…
Erez Britt through the entity 1 Seventh Ave S LLC paid $8 million to Jesse Keyes of Modo through the entity Carmine Partners LLC for the four-unit property (D7) at 67 Carmine Street in Greenwich Village, Manhattan. The property is also known as One 7th. The deal closed on July 6, 2023 and was recorded on July 21, 2023. The property has 10,934 square feet…
A Thor Equities affiliate through the entity 470 Broadway Owners LLC paid $8.1 million to LNR Partners and Series 2012-C6 through the entity Msbam 2012-C6 Broadway, LLC for the retail building (K2) at 470 Broadway in SoHo, Manhattan. The deal closed on July 7, 2023 and was recorded on July 21, 2023. The property has 6,664 square feet of built space and 10,080 square feet…
Mohammed Naeem through the entity 948 Myrtle Enterprise LLC paid $9 million to Yitzchok Schwartz through the entity Cornell Myrtle LLC for the retail condo at 948 Myrtle Avenue in Bedford Stuyvesant, Brooklyn. The deal closed on July 18, 2023 and was recorded on July 21, 2023. The property has 20,741 square feet of built space according to a PincusCo analysis of city data. The…
Alicia Harper through the entity Orsipel V LLC paid $15.1 million to Davean Holdings through the entity 53-55 Stone Street Owner LLC for the four-unit mixed-use building (S9) at 53 Stone Street and the three-unit mixed-use building (S3) at 55 Stone Street in Financial District, Manhattan. The deal closed on July 14, 2023 and was recorded on July 21, 2023. The two properties have 14,698…
Aulder Capital through the entity 162-164 East 82nd Apts LLC through a bankruptcy acquired the 20-unit walkup (C5) at 164 East 82nd Street and the 17-unit walkup (C5) at 162 East 82nd Street in Carnegie Hill, Manhattan. Aulder Capital was the debt holder, and the transfer amount of $17.6 million is likely the total debt on the buildings. The prior owners were Ruben Azrak and…
Developers Cun Long Chen and Xin Xiang Lin through the entity New Age Developers LLC paid $37.5 million to Richard Gelman and Corey Gelman through the entity Gelfarb Properties, LLC for the retail building (K7) at 136-29 38th Avenue in Flushing, Queens. This building is the long-time home to the National Bank of New York City, which as an even smaller lender Flushing National Bank,…
United Management Corp through the entity 1 Sullivan Residences LLC as borrower signed a refi loan with lender Truist Bank valued at $20 million for the 49-unit residential elevator building (D3) at 1 Sullivan Place in Crown Heights, Brooklyn. The deal closed on June 30, 2023 and was recorded on July 20, 2023. The prior lender was Goldman Sachs which held debt that had an…
Breaking Ground through the entity Breaking Ground III Housing Development as borrower signed a rehab construction loan with lender Low Income Investment Fund valued at $14.1 million for the 180-unit residential elevator building (D9) at 202 West 24th Street in Chelsea, Manhattan. The deal closed on June 28, 2023 and was recorded on July 20, 2023. The property has 68,879 square feet of built space…
Anthony Bonfigli through the entity Cassinelli Realty, Inc paid $2.7 million to Hui Hao Xu through the entity Huang Family Properties LLC for the four-unit 1-4 family building (C3) at 60-40 67th Avenue in Ridgewood, Queens. The deal closed on July 12, 2023 and was recorded on July 20, 2023. The property has 3,000 square feet of built space and 45 square feet of additional…
Louis Browne through the entity Brownestone LLC paid $5.5 million to the estate of Richard Foster for the five-unit residential walkup building (C2) at 359 West 20th Street in Chelsea, Manhattan. The deal closed on July 13, 2023 and was recorded on July 20, 2023. The property has 4,472 square feet of built space and 1,892 square feet of additional air rights for a total…
Chaim Wiesenfeld through the entity Parkchester Retail Plaza LLC paid $10 million to Joel Wagschal through the entity 2233 Westchester LLC for the property at 2241 Westchester Avenue in Westchester Square, Bronx. The deal closed on July 17, 2023 and was recorded on July 20, 2023. The property is 25,920 square feet, or $385 per built square foot. The signatory for Joel Wagschal was Joel…
