Transfers

CACHED

Pasquale DeBenedictis signs $62.1M refi with Berkadia for Crown Heights nursing home

Pasquale DeBenedictis through the entity Prospect Acquisition I, LLC as borrower signed a refi loan with lender Berkadia Commercial Mortgage valued at $62.1 million for the nursing home building (I6) at 520 Prospect Place in Crown Heights, Brooklyn. The owner bought the property on June 25, 2018, for $64 million. The signatory for Pasquale DeBenedictis was Pasquale DeBenedictis. The signatory for Berkadia Commercial Mortgage was…

Jasmin Patel signs $28M refi for hotel in Garment District

Jasmin Patel through the entity Ideal Hospitality LLC as borrower signed a refi loan with lender Dime Community Bank valued at $28 million for the hotel building (H3) at 48 West 36th Street in Garment District, Manhattan. The deal closed on June 23, 2023 and was recorded on July 3, 2023. The prior lender was the CMBS Series 2015-NXS1 which held debt that had an…

United Developers pays $1.6M for foreclosed mixed-use in Williamsburg

United Developers through the entity Madison 5 LLC paid $1.6 million for the two-unit mixed-use building (S2) at 347 Union Avenue in Williamsburg, Brooklyn. The seller was an entity formerly owned by Bolivar Canarte that was sold through a foreclosure. The deal closed on June 16, 2023 and was recorded on July 3, 2023. The property has 1,900 square feet of built space and 1,738…

Dong Guo pays $2M for industrial in Maspeth

Dong Guo through the entity Mdt Partners LLC paid $2 million to Gerard T. Riggs through the entity Gm Riggs, LLC for the industrial building (E9) at 57-33 58th Place in Maspeth, Queens. The deal closed on June 15, 2023 and was recorded on July 3, 2023. The property has 9,000 square feet of built space according to a PincusCo analysis of city data. The…

Alon Ashourzadeh pays $2.3M for retail in Pelham Gardens

Alon Ashourzadeh through the entity 1436 Gun Hill Partner LLC paid $2.3 million to Leonardo Paoliello through the entity 1436-46 E Gun Hill Realty Corp. for the retail building (K1) at 1436 East Gun Hill Road in Pelham Gardens, Bronx. The deal closed on June 27, 2023 and was recorded on July 3, 2023. The property has 4,556 square feet of built space and 16,822…

Extended Management pays $6M for office in Hudson Square

Extended Management through the entity 285 Hudson Ventures LLC paid $6 million to Rona Rice and Susan M. Rice through the entity Interstate Casing Corporation for the office building (O9) at 285 Hudson Street in Hudson Square, Manhattan. The deal closed on June 28, 2023 and was recorded on July 3, 2023. The property has 6,125 square feet of built space and 7,425 square feet…

Ori Kushnir pays $9.3M for bankrupt walkup, retail in East Village

Ori Kushnir through the entity 78smp10003 LLC paid $9.3 million to the bankrupt estate formerly owned by Lawrence Otway, Lorcan Otway, and Eugenie Otway through the entity Marianne T. O’Toole, As Chapter 7 Trustee for the seven-unit residential walkup building (C7) at 78-80 St. Marks Place in East Village, Manhattan. The deal closed on June 8, 2023 and was recorded on July 3, 2023. The…

Two residential sales above $10 million, totaling $22 million recorded June 30, 2023

Susan Maggin Trustee (and others) paid $11.3 million to 1461-1469 Third Ave Owner LLC for unit 30A at 200 East 83rd Street in Yorkville, Manhattan. The deal closed on June 27, 2023 and was recorded on June 30, 2023. LINK John Wu paid $10.5 million to 327 West 76 St LLC for the 1-4 family building (A4) at 327 West 76th Street in Upper West…

Unknown buyer acquires $7.7M note on Brooklyn properties in foreclosure

The entity Fulton Lex Classon, LLC bought a note with an original principal of $7.7 million from former lender City Urban Realty secured by Juan Lopez’s four-unit mixed-use building (S4) at 701 Fulton Street in Fort Greene, Brooklyn, and an industrial building (F9) at 173 Lexington Avenue in Bedford Stuyvesant, Brooklyn, and two-unit mixed-use building (S2) at 703 Fulton Street in Fort Greene, Brooklyn. The…

MAG Partners signs $145M construction loan refi with hedge fund for 480-unit project in Chelsea

MAG Partners through the entity 241 West 28th Street Owner LLC as borrower signed a refi loan with lender Elliott Investment Management, a private fund manager, through the entity Manchester Securities Corp. valued at $145 million for the 480-unit residential elevator building (D6) at 241-251 West 28th Street in Chelsea, Manhattan. MAG Partners filed a new building project for a 480-unit, 351,185 square-foot R-2 building…

Extell signs $150M construction loan with Bank OZK for 127-unit project in Lincoln Square

Extell Development through the entity West 66th Sponsor LLC as borrower signed a new construction loan with lender Bank OZK valued at $150 million for the 127-unit residential elevator building (D6) at 36 West 66th Street in Lincoln Square, Manhattan. On the lot, there is one active new building construction project for a 127-unit, 505,482 square-foot R-2 building. The project was submitted by Extell Development…

BLDG Management signs $425M construction loan for 818-unit project in LIC

Lloyd Goldman’s BLDG Management through the entity BLDG Orchard LLC as borrower signed a new construction loan with lender M&T Bank through the entity Manufacturers And Traders Trust Company valued at $425 million for the 818-unit development project at 42-02 Orchard Street in Long Island City, Queens. On this lot there is a 818-unit, 650,090 square-foot, 69-story residential (R-2) building submitted by BLDG Management and…

Shlomo Karpen pays $3M for mixed-use in Bedford Stuyvesant

Shlomo Karpen through the entity 52 Marcy LLC paid $3 million to Eleizer Schwimer, Moses Guttman, and Maguire Capital Group through the entity Maguire Bkln VI LLC for the three-unit mixed-use building (S9) at 325 Franklin Avenue in Bedford Stuyvesant, Brooklyn. The deal closed on June 28, 2023 and was recorded on June 30, 2023. The property has 4,050 square feet of built space and…

Kenneth McCoy pays $5M for mixed-use in Midtown East

Kenneth McCoy through the entity 975 Blackrock LLC paid $5 million to Jason Sheridan and Denise Sheridan through the entity Jd Midtown Realty LLC for the five-unit mixed-use building (S5) at 975 2nd Avenue in Midtown East, Manhattan. The deal closed on June 27, 2023 and was recorded on June 30, 2023. The property has 4,000 square feet of built space and 9,996 square feet…

Bard College benefactor pays $8.8M for UWS building near Bard building

The Bard College benefactor Iris Foundation through the entity 8 West 86th Street LLC paid $8.8 million to Rachel Mead Zweighaft through the entity Hasda Realty Corp. for the four-unit mixed-use building (S4) at 8 West 86th Street in Upper West Side, Manhattan. The deal closed on June 28, 2023 and was recorded on June 30, 2023. The property has 6,932 square feet of built…

14-unit UWS rental sells for $9.8M

The entity 250 West 91st Realty LLC in care of the law firm Nesenoff & Miltenberg paid $9.8 million to Sonia Jaye through the entity Yucca Holding Corp. for the 14-unit residential elevator building (D7) at 250 West 91st Street in the Upper West Side, Manhattan. The deal closed on June 27, 2023 and was recorded on June 30, 2023. The property has 30,833 square…

Sabet Group pays $15M for two walkups in Chelsea with 44 units

Sabet Group through the entity 224-30 Eighth Ave LLC paid $15 million to Sonia Jaye through the entity 224 Eighth Avenue Corporation for the 22-unit residential walkup building (C7) at 224 8th Avenue in Chelsea, Manhattan and 22-unit residential walkup building (C7) at 228 8th Avenue in Chelsea, Manhattan. The deal closed on June 26, 2023 and was recorded on June 30, 2023. The two…

Radson Development pays $22.4M to Enclave Equities for 251-unit dev site in Wakefield

Daniel Rad’s Radson Development through the entity Enclave 241 L.P. paid $22.4 million to Enclave Equities through the entity Enclave On 241 Street LLC for the development site (V1) at 748 East 241st Street in Wakefield, Bronx. On the tax lot, there was one new building construction project filed totaling 222,445 square feet. It is a 251-unit, 222,445 square-foot residential (R-2) building submitted by Enclave…

CBSK Developers pays $46.8M for corner parcels in Turtle Bay

Developer CBSK Developers paid $46.8 million to two separate sellers for two properties including 930 and 936 First Avenue and , at the corner of East 51st Street, in Turtle Bay, Manhattan. At the same time, one of the sellers transferred a third property, 409 East 51st Street, to CBSK through a no-consideration transfer. CBSK Developers is a partnership of SK Development and CB Developers….

Related, BentallGreenOak turn over second LIC office to lender BrightSpire

BrightSpire Capital through the entity BRSP Blanchard LIC, LLC paid $63.3 million to Related Companies and BentallGreenOak through the entity 2109 Borden Avenue Owner, LLC for the office building (O6) at 21-09 Borden Avenue in Long Island City, Queens. This is the second of two buildings Related and its partner turned over to lender BrightSpire. The deal closed on June 27, 2023 and was recorded…