John Ilibassi through the entity Venter Trace Realty LLC paid $6.8 million to Paul Jeanneret and Markus Leibundgut through the entity 157 Rivington Corp. for the 18-unit residential walkup building (C7) at 157 Rivington Street in Lower East Side, Manhattan. The deal closed on July 12, 2023 and was recorded on July 17, 2023. The property has 8,240 square feet of built space and 2,966…
P’s Place LLC paid $24.7 million to 180 East 88th Street Realty LLC for a condo unit at 180 East 88th Street in Carnegie Hill, Manhattan. The deal closed on June 29, 2023 and was recorded on July 14, 2023. The property has 5,508 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is…
Guardian Realty Management through the entity Center 15 LLC as borrower signed a new construction loan with lender Jovia Financial Federal Credit Union valued at $12.4 million for the 28,022-square-foot project at 5115 15th Avenue in Borough Park, Brooklyn. On the parcel, there was one new building construction project filed totaling 28,022 square feet. It is a 28,022 square-foot business (B) building submitted by Guardian…
Lalezarian Properties through the entity Brooklyn Princess LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $94.9 million for the 256-unit residential elevator building (D6) at 309 Gold Street in Downtown Brooklyn, Brooklyn. The deal closed on July 12, 2023 and was recorded on July 14, 2023. The prior lender was Wells Fargo which held debt that had an original loan…
Aurora Capital Associates and William Gottlieb Real Estate through the entity 134 Jane Street LLC as borrower signed a new construction loan with lender Apollo Global Management through the entity Athene Annuity And Life Company valued at $114 million for the industrial building (G6) at 134 Jane Street in West Village, Manhattan. There is a 15-unit, 101,383 square-foot residential (R-2) building submitted by Aurora Capital…
Michael Petri through the entity MCJP Holding LLC paid $2.6 million to Anne Holmquist through the entity 355 Butler Associates, LLC for the industrial building (F5) at 355 Butler Street in Gowanus, Brooklyn. The deal closed on June 29, 2023 and was recorded on July 14, 2023. The property has 5,857 square feet of built space and 2,399 square feet of additional air rights for…
Chun Lee through the entity 278 Dean LLC paid $3.5 million to Delshah Capital through the entity DS Brooklyn Portfolio Owner LLC for the eight-unit residential walkup building (C1) at 278 Dean Street in Boerum Hill, Brooklyn. The deal closed on July 6, 2023 and was recorded on July 14, 2023. The property has 8,150 square feet of built space according to a PincusCo analysis…
Philips International sold several stakes valued at $31.1 million in a Greenwich Village office property. Philips retained a 25 percent interest. The buyers, Lawland Properties, Arnold Penner Real Estate, Rhodes Building Management, and Philips International itself paid $31.1 million to Philips International through the entity 8-12 West 14th Associates LLC for the office building (O2) at 8 West 14th Street in Greenwich Village, Manhattan. The…
Rialto Capital Advisors as trustee for bondholders of the securitized loan Series 2018-C9, filed a pre-foreclosure action against the owners of the 60,000-square-foot office building at 22 West 38th Street in Grand Central, Manhattan. Northeast Equity Management led by Mitchell B. Modell and Abby Modell and Bert Brodsky’s BEB Capital bought the building in June 2019 from Dalan Management for $60.5 million, and assumed a…
A defunct Jewish educational nonprofit signed a contract to sell a second Manhattan property, this one a seven-unit Gramercy walkup at 389 Second Avenue, between 22nd and 23rd streets. The contract vendees are Stephanie Lin and Jeffrey Yu. The previous property the nonprofit sold was in Turtle Bay, for $5.25 million. These are the only properties the nonprofit owned. The Tree of Life Fellowship filed the…
A trustee representing the estate of one of four siblings who allegedly each own a 22.5 percent stake in a five-building portfolio of multifamily buildings in the East Village and Astoria with a potential value of $80 million, is suing two of the siblings, alleging they are not following through with a purchase of the deceased owner’s stake. According to the complaint, Anna Mycak, the…
Moose17, LLC paid $50 million to 151 Wooster Ph LLC for the property at 151 Wooster Street in SoHo, Manhattan. The deal closed on June 29, 2023 and was recorded on July 13, 2023. The property has 10,332 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $4,839 per the PincusCo analysis. (The…
Joy Construction and Azimuth Development Group through the entity Bruckner Lihtc Owner LLC as borrower signed a new construction loan with lender NYC Housing Development Corporation valued at $168 million for the development (V1) at 2069 Bruckner Boulevard in Unionport, Bronx. On the lot, there are two active new building construction projects and major alteration projects with initial costs more than $5 million, totaling 293,478…
Hudson Companies, Gilbane Development, and MHANY Management through the entity Peninsula Building 2a LLC as borrower signed a new construction loan with lender NYC Housing Development Corporation valued at $256.4 million for the development at 1223 Spofford Avenue in Hunts Point, Bronx. The deal closed on June 28, 2023 and was recorded on July 13, 2023. The signatory for Hudson Companies, Gilbane Development, and MHANY…
Surjeet Kaur through the entity 78 Investors LLC paid $6.2 million to Yan Po Zhu through the entity Triple East Queens Tower LLC for the development building (V1) at 78-06 Queens Boulevard in Elmhurst, Queens. The deal closed on June 15, 2023 and was recorded on July 13, 2023. On the lot, there is one active new building construction project for a 21-unit, 49,336 square-foot…
Altaf Hussain through the entity Altaf Properties LLC paid $7.2 million to Kenneth Birnbaum through the entity 270 Bleecker Street LLC for the three-unit mixed-use building (S9) at 270 Bleecker in Greenwich Village, Manhattan. The deal closed on July 11, 2023 and was recorded on July 13, 2023. The property has 3,930 square feet of built space according to a PincusCo analysis of city data….
Catholic Charities of the Archdiocese of New York and Catholic Homes through the entity St. Anselm Apartments LLC paid $7.9 million to Roman Catholic Church and Roman Catholic Church of Saint Anselm and Saint Roch for the property at 671 Tinton Avenue in Longwood, Bronx. The deal closed on June 29, 2023 and was recorded on July 13, 2023. On the tax block, there was…
MediSys Health Network through the entity MediSys Health Network Inc. paid $10.5 million to Top Rock Holdings through the entity Jamaica Queens LLC for the office building (O5) at 143-02 Jamaica Avenue in Jamaica, Queens. The deal closed on June 28, 2023 and was recorded on July 13, 2023. The property has 20,865 square feet of built space according to a PincusCo analysis of city…
Mack Real Estate Group through the entity CMTG Lender 33 LLC acquired the retail and office Brill Building (O6) at 1619 Broadway in Midtown West, Manhattan from Brookfield Asset Management through the entity 1619 Broadway Mezz LLC. The city valued the transfer at $216.1 million. The deal closed on June 30, 2023 and was recorded on July 13, 2023. The property has 158,150 square feet…
Bushburg Properties through the entity Fptk LLC as borrower signed a refi loan with lender Cross River Bank valued at $16.5 million for two properties with 60 residential units including the 45-unit residential elevator building (D6) at 1087 Flushing Avenue in East Williamsburg, Brooklyn and 15-unit property at 125 Knickerbocker Avenue in East Williamsburg, Brooklyn. The deal closed on June 28, 2023 and was recorded…
