Yoav Agayev paid $5.2 million to Howard Rubin and Maurice Levene for three properties in Borough Park, Brooklyn, in three separate transactions. In the first, Yoav Agayev through the entity 3904 Fort Hamilton Properties LLC paid $2.1 million to Howard Rubin and Maurice Levene through the entity Bar-Nan Realty Corp. for the industrial building (G2) at 3904 Fort Hamilton Parkway in Borough Park, Brooklyn. The…
Rayman Rasheed through the entity Gess Property Inc. paid $2.2 million to CloudKitchens through the entity 4330 Bullard Ave Brx LLC for the industrial building (F4) at 4330 Bullard Avenue in Wakefield, the Bronx. The deal closed on June 23, 2023 and was recorded on July 10, 2023. The property has 9,672 square feet of built space and 299 square feet of additional air rights…
Thomas Tseming Young through the entity West Moore 55 LLC paid $5.2 million to Tatsunori Yamada through the entity Japas Enterprises, Inc. for the retail building (K2) at 251 West 55th Street in Midtown West, Manhattan. The deal closed on June 30, 2023 and was recorded on July 10, 2023. The property has 2,239 square feet of built space and 17,822 square feet of additional…
Yeshiva Ohr Yisrael through the entity Yeshiva Ohr Yisrael paid $5.5 million to Yeshiva Ahavas Torah through the entity Yeshiva Ahavas Torah for the specialty building (W2) at 1607 Burnett Street in Marine Park, Brooklyn. The deal closed on June 15, 2023 and was recorded on July 10, 2023. The property has 22,465 square feet of built space according to a PincusCo analysis of city…
Philip Kelleher through the entity Best Realty Holdings, LLC paid $5.7 million to Frank W. Sandie and William H. Sandie through the entity Sandie Property Holding Company LLC for the industrial building (F4) at 45-24 37th Street and 45-25 36th Street in Sunnyside, Queens. The deal closed on July 5, 2023 and was recorded on July 10, 2023. The two properties have 8,940 square feet…
Salvatore Gaudio and Vilma Gaudio through the entity A&L Gaudio 1391 LLC paid $5.8 million to Salvatore Notaro through the entity 1391 Second Avenue Realty Corp. for the 16-unit residential walkup building (C7) at 1391 2nd Avenue in Lenox Hill, Manhattan. The deal closed on June 27, 2023 and was recorded on July 10, 2023. The property has 8,425 square feet of built space and…
Mark Koplowitz through the entity Glendale Properties NY LLC paid $6 million to Benjamin J. Schwartz, Edward Erhard, and Marie Pindus through the entity Bb Moon LLC (and others) for the industrial building (F4) at 70-09 73rd Place in Glendale, Queens. The deal closed on June 29, 2023 and was recorded on July 10, 2023. The property has 18,500 square feet of built space and…
An unknown investment stake valued at $301 million in Related Companies’ 274-unit apartment building Tribeca Green at 325 North End Avenue in Battery Park City, Manhattan, sold, but the buyer and seller entities were not disclosed in the city transfers. The parties paid $9.95 million in city and state property transfer taxes. The property remains in care of Related Companies, and the percent ownership of…
Seventeen rent-regulated tenants in a high-end rental building in Murray Hill owned by Cammeby’s International Group had their rents lowered after the New York State Department of Housing and Community Renewal ruled that services had been reduced at the building following a staffing cut from two doormen in the lobby to one 24-hour concierge. The vast majority of the residents in the 237-unit, 20-story building…
Sharif El-Gamal’s Soho Properties filed a petition seeking chapter 11 bankruptcy protection for the Margaritaville Resort Times Square at 560 Seventh Avenue in the Garment District in Manhattan. The property has $309 million in secured and mezzanine debt. The bankruptcy is intended to block a UCC foreclosure auction scheduled for today for the $57 million senior mezzanine loan. Sharif El-Gamal’s Soho Properties filed a lawsuit…
Sunlight Development Group and Ken Huang through the entity Main & Northern Partners LLC as borrower signed a refi loan with lender iCross Capital through the entity Elite United LLC valued at $24.6 million for the 69-unit condominium project at 134-16 Northern Boulevard in Flushing, Queens. The deal closed on June 20, 2023 and was recorded on July 7, 2023. The prior lender was S3…
Tishman Speyer as borrower signed a new construction loan with lender NYC Housing Development Corporation valued at $132.3 million for the 237-unit development site (V6) at 5119 Beach Channel Drive in Edgemere, Queens. The total financing package was $196.8 million. On the lot, there is one active new building construction project for a 237-unit, 220,478 square-foot R-2 building. The project was submitted by Arker Companies…
Camber Property Group through the entity CSA Preservation Partners LLC as borrower signed a rehab construction loan with lender NYC Housing Development Corporation valued at $783 million for a portfolio with 5,000 residential units including the 2,039-unit residential elevator building (D3) at 3841 Baychester Avenue in Edenwald, Bronx, and others The deal closed on June 27, 2023 and was recorded on July 7, 2023. The…
Tahari Capital led a group of investors through the entity 105 Gol LLC (and other entities) that paid $5 million to Steven T. Haskell, Sean O’Sullivan, and Christopher T. Menziuso through the entity 347 East 105th Street LLC for the 10-unit residential elevator building (D1) at 347 East 105th Street in East Harlem, Manhattan. The deal closed on June 26, 2023 and was recorded on…
An anonymous buyer in care of Jeffrey Zwick & Associates through the entity UWS Partners LLC paid $14 million to the Calhoun School through the entity The Calhoun School, Inc. for the specialty building (W7) at 160 West 74th Street in the Upper West Side, Manhattan. The deal closed on June 30, 2023 and was recorded on July 7, 2023. The contract date was March…
Maddd Equities, South Bronx Overall Economic Development Corporation, and SoBro through the entity Sobro Local Development Corporation paid $16 million to Tiffany Lumber through the entity Tiffany Lumber Co., Inc. for the industrial building (E1) at 422 East 165th Street in Morrisania, Bronx, specialty building (Z9) at 1004 Brook Avenue in Morrisania, Bronx, and specialty building (Z9) at 416 East 165th Street in Morrisania, Bronx….
Jasmin Patel through the entity 13th Street Hospitality LLC paid $17 million to James Juhn and George Baharestani through the entity 38-60 13th St Partners LLC for the hotel building (H3) at 38-60 13th Street in Long Island City, Queens. One June 27, 2022, Metro City Bank filed a pre-foreclosure action against George Baharestani citing a $10.5 million loan. The deal closed on June 30,…
Slate Property Group through the entity Queenswood Housing Development Fund Corporation paid $39 million to Brookfield Properties through the entity Queenswood Associates, L.P., for the 296-unit residential elevator building (D1) at 54-39 100th Street in Corona, Queens. The acquisition includes a potential development site. The purchase was financed with a $42.5 million acquisition and rehabilitation loan from New York City Housing Development Corporation. Real Estate…
Two years after an Eyal Ofer affiliate filed to foreclose on a $110 million loan at Moin Development’s 190-room Mondrian Park Avenue hotel at 444 Park Avenue in NoMad, Ofer’s Global Holdings Management Group took title through a deed-in-lieu valued at $155.8 million. Business Wire first disclosed the takeover July 5, but did not disclose a transfer value. In a deed-in-lieu or foreclosure sale to…
The entity GMB Leonard LLC paid $3.6 million to Partners Path through the entity 590 Leonard Owner LLC for the six-unit residential walkup building (C2) at 590 Leonard Street in Greenpoint, Brooklyn. The deal closed on June 21, 2023 and was recorded on July 6, 2023. The property has 4,875 square feet of built space and 124 square feet of additional air rights for a…
