Hirshmark Capital through the entity 56 Ninth Funding LLC bought a note with an original principal of $5.4 million from BankUnited secured by Gregory Sherry and Marc Sherry’s retail building (K2) at 56 Ninth Avenue in Chelsea, Manhattan. The deal closed on June 20, 2022 and was recorded on June 27, 2023. The prior lender was BankUnited which held debt that had an original loan…
The Flag through the entity 103-105 Macdougal Street LLC as borrower signed an acquisition loan with lender Webster Bank valued at $28 million for two residential walkup properties with 72 residential units including the 36-unit residential walkup building (C7) at 105 MacDougal Street in Greenwich Village, Manhattan and 36-unit residential walkup building (C7) at 103 MacDougal Street in Greenwich Village, Manhattan. The Flag bought the…
Nathan Yanovitch through the entity 501 1/2 East Associates LLC paid $3.7 million to Gus Kodogiannis through the entity 501 1/2 East 83 Street LLC for the 11-unit residential walkup building (C7) at 501 1/2nd East 83rd Street in Yorkville, Manhattan. The deal closed on June 22, 2023 and was recorded on June 27, 2023. The property has 7,200 square feet of built space and…
EDRE Development through the entity 50 South 2nd Owner, LLC paid $7.6 million to Cerbert S.J. Noonan through the entity 56 South Second LLC for the industrial building (E1) at 41R South 3rd Street in Williamsburg, Brooklyn, industrial building (G7) at 50 South 2nd Street in Williamsburg, Brooklyn, and industrial building (G7) at N/A South 2nd Street in Williamsburg, Brooklyn. The deal closed on June…
Julie Jue Wang through the entity Rika Mason Real Estate Group LLC paid $10.3 million to Lin Li through the entity Lian Feng International LLC for the 11-unit residential walkup building (C7) at 147-12 Roosevelt Avenue in Flushing, Queens. The deal closed on June 8, 2023 and was recorded on June 27, 2023. The property has 19,280 square feet of built space according to a…
Lockhill Properties through the entity 175-177 East 3rd St Owner LLC paid $10.8 million to Kokot Realty Enterprises through the entity 175-177 East Third Associates, L.P. for the eight-unit residential walkup building (C4) at 175 East 3rd Street in Alphabet City, Manhattan and 10-unit residential walkup building (C4) at 177 East 3rd Street in Alphabet City, Manhattan. The deal closed on June 20, 2023 and…
Magen David Yeshivah paid $13.8 million to Matthew Percia for three properties in two transactions in Gravesend where it plans to build a new high school. The properties are 1905, 1911 and 1915 McDonald Avenue. The Magen David Yeshivah plans to build a new high school on this parcel, according to a source familiar with the plans. The high school is currently located at 7801…
Peer Street, the Andreessen Horowitz-backed real estate debt platform that focuses on small loans, filed for bankruptcy protection on Monday in Delaware, citing assets and liabilities between $50 million and $100 million. The company’s largest lending product, with $220 million in face value loans, had only 42 percent of the loans performing, according to an affidavit filed as part of the chapter 11 petition. [Peer…
KPG Funds through the entity KPG 480 Broadway Owner LLC as borrower signed a refi loan with lender Sabal Investment Holdings and GDS Brightstar through the entity Ssof Crosby, LLC valued at $49.6 million for the office and retail building (K4) at 480 Broadway in Little Italy, Manhattan, also with the address 40 Crosby Street. The deal closed on June 15, 2023 and was recorded…
Rabsky Group through the entity Harrison Realty II LLC as borrower signed a refi loan with lender Deutsche Bank valued at $140 million for several rental properties including34 Union Avenue, 58 Union Avenue and 269 Wallabout Street in Williamsburg, Brooklyn. The deal closed on June 5, 2023 and was recorded on June 26, 2023. The prior lender was Valley National Bank which held debt that…
James W. MacIntyre IV through the entity 18 West 95th Street LLC paid $5.5 million to Catherine Golding-Cremoux and Gerard Cremoux through the entity Cremoux, Catherine for the six-unit residential walkup building (C2) at 18 West 95th Street in Upper West Side, Manhattan. The deal closed on June 13, 2023 and was recorded on June 26, 2023. The property has 4,216 square feet of built…
Rob Daigrepont Jr. of Heston Loren Capital Partners through the entity Kasada, LLC paid $8.3 million to Jeff Sutton and Wharton Properties through the entity 3770 82nd Street LLC for the retail and office building (O5) at 37-70 82nd Street in Jackson Heights, Queens. The deal closed on June 14, 2023 and was recorded on June 26, 2023. The property has 8,724 square feet of…
Candor Capital pays $19 million to Emilio Barletta for two buildings with a total of 19 units in the Financial District in Manhattan in two transactions. In the first, Candor Capital through the entity 108 And 119 South Street LLC paid $11.4 million to Emilio Barletta through the entity 119 South Street Associates Eb LLC for the 16-unit residential elevator building (D7) at 119 South…
Landsea Holdings through the entity 212 West 93rd Street LLC paid $24.5 million to Congregation Shaare Zedek for 20 residential condominium units in the newly built 212 West 93rd Street on the Upper West Side of Manhattan. This is a long-planned transaction with a contract date of January 2016, in which Landsea constructed a new building with 20 residential condo units and one commercial unit….
An unknown buyer at the Law Offices of Zev Brachfeld through the entity 215 West 101 LLC paid $54.5 million to Black Spruce Management through the entity W101 LLC for the 81-unit residential elevator building (D6) at 215 W 101st St in Upper West Side, Manhattan. The deal closed on May 18, 2023 and was recorded on June 26, 2023. The property has 95,400 square…
Namdar Realty Group and Empire Capital Holdings through the entity Empire 529 Fifth LLC paid $107.6 million to Silverstein Properties through the entity 529 Fifth Company Holdings LLC for the office building (O6) at 529 Fifth Avenue in Grand Central, Manhattan. The buyers financed the purchase with a $71.5 million loan from Deutsche Bank. The deal closed on June 22, 2023 and was recorded on…
Wells Fargo, the trustee for bondholders of a $170 million loan given to Gaw Capital Partners for the $340 million purchase of the Standard High Line Hotel in 2017, yesterday discontinued its effort to foreclosure on the building at 848 Washington Street in the Meatpacking District in Manhattan. The lender withdrew the complaint, as well as a motion to appoint a receiver and the lis…
Republic Bank, also known as Republic First Bank, alleges property owner Shawn Khodadadian is in default on a $10.3 million loan that is secured by the 10,253-square-foot residential building 46 East 65th Street in Lenox Hill, Manhattan. Republic First Bank is not related to First Republic Bank, which was acquired by JPMorgan Chase after being closed by the FDIC. Case LINK Court filings represent the…
Abro Management through the entity Gerard Realty LLC as borrower signed a refi loan with lender Northfield Bank valued at $7 million for the 100-unit residential elevator building (D3) at 831 Gerard Avenue in Concourse, Bronx. The deal closed on May 16, 2023 and was recorded on June 23, 2023. The prior lender was Flagstar Bank which held debt that had an original loan amount…
Bluestone Group through the entity 609 Jackson Holdings LLC as borrower signed a refi loan with lender TriState Capital Bank through the entity Tristate Capital Bank valued at $8.5 million for the specialty building (W3) at 609 Jackson Avenue in Longwood, Bronx. The deal closed on May 31, 2023 and was recorded on June 23, 2023. The prior lender was TriState Capital Bank which held…
