Junaid Zahid through the entity 507 N LLC paid $4.6 million to Constance Spiliotes through the entity Delta Kappa Realty Corp. for the retail building (K1) at 113 Herkimer Street in Bedford Stuyvesant, Brooklyn. The deal closed on June 30, 2023 and was recorded on July 6, 2023. The property has 4,600 square feet of built space and 17,902 square feet of additional air rights…
Alchemy Ventures through the entity 139 East 13 Owner LLC paid $6.9 million to Henry Moses Jr. through the entity Orion 13, LLC for the 20-unit residential walkup building (C4) at 139 East 13th Street in the East Village, Manhattan. The deal closed on June 27, 2023 and was recorded on July 6, 2023. The property has 10,947 square feet of built space and 4,098…
Crown Acquisitions through the entity Crown 18th Avenue LLC paid $7.7 million to John Tieri through the entity 6501 18th Avenue Realty LLC for the retail building (K1) at 6501 18th Avenue in Bensonhurst, Brooklyn. The deal closed on June 29, 2023 and was recorded on July 6, 2023. The property has 7,600 square feet of built space and 16,698 square feet of additional air…
The gymnastics center NYC Elite through the entity Cal 3 Holdings LLC paid $8.2 million to Extell Development through the entity Riverside Retail LLC for the retail condo at 200 Riverside Boulevard in Lincoln Square, Manhattan. The deal closed on June 22, 2023 and was recorded on July 6, 2023. The property has 21,043 square feet of built space according to a PincusCo analysis of…
Alembic Community Development, Brooklyn Community Housing & Services, and Hudson Housing Capital through the entity 2435 Pacific Street LLC as tenants signed a 99-year ground lease valued at $14.7 million with Love Fellowship Tabernacle as landlord, for the development site (V1) of a 236-unit, affordable project at 2435 Pacific Street in Brownsville, Brooklyn. At the same time, Alembic Community Development, Brooklyn Community Housing & Services,…
Khalid Innab through the entity KBI Realty LLC paid $18 million to the entity Bespoke Harlem West LLC for the retail condo at 300 West 122nd Street in Harlem, Manhattan. Levi Balkany’s Happy Living Development developed the building, but Balkany filed for personal bankruptcy last year. Balkany was signing documents at the property as recently as 2022. The deal closed on June 27, 2023 and…
Erno Bodek, Lazzar Bodek and Rachel Bodek, who own the Frame building at 541 West 21st Street, in Chelsea, are seeking an emergency order blocking a July 10 UCC auction by the mezzanine lender SME Capital Ventures that is allegedly “commercially unreasonable.” The Bodeks claim the building is worth $80 million. SME which provided a $4.75 million mezzanine loan that court filings say has been…
A buyer paid $24.5 million to Iliad Realty Group through the entity Irg 67 LLC for unit 6 at 67 Vestry Street in Tribeca, Manhattan. The deal closed on June 16, 2023 and was recorded on July 5, 2023. Direct link to Acris document. link
The nonprofit West Side Federation for Senior and Supportive Housing through the entity Fischer Senior Apartments, L.P. as borrower signed a construction loan with lender Capital One valued at $48.9 million for the 105-unit development (V0) at 87 West 169th Street in Highbridge, the Bronx. On the tax block, there was one new building construction project filed totaling 74,267 square feet. It is a 105-unit,…
Tishman Speyer through its 11 West 42 Realty Investors, L.L.C. as borrower signed a loan with lender Bank Of America valued at $274 million for the office building (O4) at 11 West 42nd Street in Midtown West, Manhattan. The prior loan was $300 million provided in 2013. The deal closed on June 30, 2023 and was recorded on July 5, 2023. The property has 949,976…
Rybak Development through the entity 502 East 81st Street Development LLC paid $10.4 million to Townhouse Management Company’s Wmf 502 East 81st LLC for the six-unit mixed-use building (S9) at 1530 York Avenue in Yorkville, Manhattan and hotel building (H3) at 502 East 81st Street in Yorkville, Manhattan. The deal closed on June 29, 2023 and was recorded on July 5, 2023. The contract was…
Benchmark Real Estate Group through the entity 146-150 Tenth Avenue Realty LLC paid $26.9 million to Hidrock Properties 146-150 Tenth Associates LLC for the 15-unit residential walkup building (C7) at 148 10th Avenue, the 16-unit residential walkup building (C7) at 146 10th Avenue, and the 15-unit residential walkup building (C4) at 150 10th Avenue in Chelsea, Manhattan. The properties combined have 46 units, according to…
In two separate transactions, AIR Communities sold four Yorkville walkup buildings, breaking up a development site where it had planned a 51-unit high rise. In the larger transaction, the partnership of Alchemy Properties and ABR Partners, known as Alchemy-ABR Investment Partners, paid $26.26 million to AIR Communities for the residential walkup buildings 1691 and 1693 Second Avenue, in Yorkville, Manhattan The buildings have a total…
Marc Berley, the son of the long-time Walter & Samuels chairman David Berley, says that 11 days after he notified his father of allegedly illegal use of company funds to maintain an executive’s personal residence, he was fired. He claims that action was unwarranted and in addition it was an illegal retaliatory act. Marc Berley is suing for $2.5 million and additional punitive damages. Walter…
205 East 85th Street Ph LLC paid $12.8 million to Oratory, LLC for a condo at 205 East 85th Street in Yorkville, Manhattan. LINK The deal closed on June 28, 2023 and was recorded on July 3, 2023. The property has 5,831 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $2,190 per…
MetLife filed a $72.7 million pre-foreclosure action against the ATCO Properties & Management office building at 240 West 35th Street in the Garment District, Manhattan. MetLife filed the complaint in New York State Supreme Court on July 3, 2023. LINK According to the complaint, “The Loan matured pursuant to its terms on February 1, 2023. The Borrower, however, has failed to repay the amount due…
United American Land through the entity 2201 86th LLC as borrower signed an initial loan with lender TD Bank valued at $6 million for the retail building (K2) at 2201 86th Street in Gravesend, Brooklyn. The deal closed on June 7, 2023 and was recorded on July 3, 2023. The property has 9,900 square feet of built space according to a PincusCo analysis of city…
Skyland Management through the entity 109-15 Merrick Blvd. Holdings, LLC as borrower signed a refi loan with lender Angel Oak Commercial Lending valued at $14 million for the 133-unit residential elevator building (D1) at 109-15 Merrick Boulevard in Jamaica, Queens. The deal closed on June 7, 2023 and was recorded on July 3, 2023. The prior lender was Ellington Management Group which held debt that…
Related Companies through the entity Caroline Apartments Preservation, L.P. as borrower signed a refi loan with lender KeyBank valued at $18 million for two properties with 126 residential units including the 126-unit residential elevator building (D7) at 210 Sherman Avenue in Inwood, Manhattan and property at 546 West 207th Street in Inwood, Manhattan. The deal closed on June 8, 2023 and was recorded on July…
Yelena Vaynshteyn through the entity 815 Khy Group LLC as borrower signed a new construction loan with lender Ponce Bank through the entity Ponce Bank valued at $35 million for the 24-unit project at 815 Kings Highway in Sheepshead Bay, Brooklyn. There is a new building project for a 24-unit, 108,489 square-foot residential R-2 building submitted by Yelena Maksumov with plans filed December 22, 2021….
