Michael Zavoluno through the entity 9263 Queens Blvd, LLC paid $4 million to P.C. Richard & Son through the entity A.J. Richard And Sons, Inc. for the retail building (K8) at 92-63 Queens Boulevard in Rego Park, Queens. The deal closed on June 14, 2023 and was recorded on June 23, 2023. The property has 29,120 square feet of built space and 12,429 square feet…
Halil Djonbalij paid a total of $12.4 million to the Morgan Group and Barberry Rose Management Company is two unrelated deals for two rental buildings in New York City. In the larger deal, Halil Djonbalij through the entity Elio&Sons1 LLC paid $6.7 million to the Morgan Group through the entity Brooke-Nullah LLC for the 54-unit residential elevator building (D7) at 1265 Gerard Avenue in Concourse,…
Yitzchok Kohn through the entity 205 N LLC paid $9.2 million to Madison Realty Capital through the entity 203-205 North 8th Street Loft LLC for the six-unit residential elevator building (D6) at 203 North 8th Street in Williamsburg, Brooklyn and nine-unit residential elevator building (D1) at 205 North 8th Street in Williamsburg, Brooklyn. The prior owner of the buildings was Chaim Miller, who purchased them…
UPDATED 8:15 a.m., October 26, 2023: Vornado Realty Trust through a partnership that includes Rudin Management through the entity V-R 350 Park LLC paid $40 million to the Niarchos shipping family through the entity 39 East 51st Street Corporation in care of Poseidon Services, Inc., for the office building (O2) at 39 East 51st Street in Midtown East, Manhattan. This is part of a complex…
BrightSpire Capital through the entity BRSP Paragon LIC, LLC acquired from Related Companies fund and BentallGreenOak through the entity 2100 49th Avenue Owner, LLC, the office building (O6) at 21-00 49th Avenue in Long Island City, Queens, in a transfer valued at $64.3 million. The owners had borrowed $58.8 million from BrightSpire, known as Colony Capital Real Estate until 2021. The Real Deal reported in…
Related Companies through the entity Riverwalk 7, LLC as borrower signed a refi loan with lender Sumitomo Mitsui Banking Corporation valued at $63 million for the 214-unit rental condo at 480 Main Street in Roosevelt Island, Manhattan. The deal closed on June 9, 2023 and was recorded on June 22, 2023. The prior lender was U.S. Bank which held debt that had an original loan…
Aurora Capital Associates and Midtown Equities through the entity 200 SJA Montague LLC as borrower signed a refi loan with lender Webster Bank through the entity Webster Bank, National Association valued at $66 million for the 121-unit residential elevator building (D7) at 200 Montague Street in Brooklyn Heights, Brooklyn. The deal closed on June 2, 2023 and was recorded on June 22, 2023. The prior…
Mordechai Piller through the entity 19 Rockwell Place LLC as borrower signed a new construction loan with lender S3 Capital through the entity S3 Re Rockwell Place Funding LLC valued at $78 million for the office building (O7) at 19 Rockwell Place in Fort Greene, Brooklyn. There is a 147-unit, 100,652 square-foot residential (R-2) building submitted by Chesky Rosen with plans filed February 2, 2022…
Fung-Lum M. Lo through the entity 736 Fulton LLC paid $2.2 million to Adrian Jones for the three-family building (C0) at 736 Fulton Street in Fort Greene, Brooklyn. The deal closed on June 14, 2023 and was recorded on June 22, 2023. The property has 2,700 square feet of built space and 5,356 square feet of additional air rights for a total buildable of 8,046…
Yeshiva Ketane Imrei Chaim Viznitz of Boro Park paid $2.7 million to Joel Jacobowitz through the entity Fishbowl Property LLC for the office building (O7) at 1143 60th Street in Borough Park, Brooklyn. The deal closed on June 15, 2023 and was recorded on June 22, 2023. The property has 3,200 square feet of built space and 801 square feet of additional air rights for…
Mark Calem through the entity 494 Hunts Point Realty LLC paid $5 million to Debra Maslanko through the entity Stanmar for the industrial building (E1) at 494 Hunts Point Avenue in Hunts Point, Bronx, industrial building (E9) at 439 Halleck Street in Hunts Point, Bronx, and industrial building (F4) at 1392 Oak Point Avenue in Hunts Point, Bronx. The deal closed on June 8, 2023…
Juan A. Perez Samayoa through the entity Broadwayper LLC paid $5.6 million to Anthony Adpietro through the entity Mr. Bigs Adi Realty Corp. for the mixed-use building (K4) at 1327 Broadway in Bushwick, Brooklyn. The deal closed on June 13, 2023 and was recorded on June 22, 2023. The property has 14,000 square feet of built space and 3,010 square feet of additional air rights…
Carlos Saavedra’s Eckstrom NYC through the entity 109 Willow LLC paid $7 million to Debra L. Katz through the entity Wisser Enterprises, L.P. for the six-unit residential walkup building (C2) at 109 Willow Street in Brooklyn Heights, Brooklyn. The deal closed on June 8, 2023 and was recorded on June 22, 2023. The property has 8,730 square feet of built space according to a PincusCo…
Two property owners filed petitions for bankruptcy yesterday, each to halt looming foreclosure auctions which together totaled $6.7 million. In the larger, the entity Bergen Development LLC, with loan signatory Mylene Leggett, filed a chapter 7 bankruptcy petition June 22, 2023, the same day an auction was scheduled to sell the vacant parcel 820 Bergen Street in Crown Heights, Brooklyn. The total lien according to…
Robert Gilardian through the entity 107 West 68th Street Delaware, LLC as borrower signed a refi loan with lender Bank of Montreal through the entity Bank Of Montreal valued at $54 million for five properties with 214 residential units including the 44-unit residential elevator building (D6) at 2412 Broadway in Upper West Side, Manhattan, 80-unit residential elevator building (D7) at 245 West 51st Street in…
Carlyle Group paid a total of $4.27 million for Bedford Stuyvesant walkup properties to two sellers in two transactions. In the first, Carlyle Group through the entity Townhouse Rental II, L.L.C. paid $2.1 million to Joshua Yaghoubzadeh through the entity 1117 Greene LLC for the three-unit building (C0) at 554 Putnam Avenue in Bedford Stuyvesant, Brooklyn. The deal closed on June 15, 2023 and was…
Pale Cotaj through the entity 4254 Carpenter Realty LLC paid $6.2 million to Morgan Group through the entity 4254 Carpenter Ave LLC for the 49-unit residential elevator building (D1) at 4254 Carpenter Avenue in Wakefield, Bronx. The deal closed on June 13, 2023 and was recorded on June 21, 2023. The property has 42,294 square feet of built space according to a PincusCo analysis of…
Lucitia Fortune through the entity Max Enterprise International, LLC paid $6.6 million to Twilight Roller Skating Rink for the retail building (K1) at 205-01 Linden Boulevard in St. Albans, Queens. The deal closed on June 12, 2023 and was recorded on June 21, 2023. The property has 19,400 square feet of built space and 20,186 square feet of additional air rights for a total buildable…
The nonprofit Braverhood through the entity Braverhood, Ltd paid $10 million to William Nussen and Malka Nussen through the entity 1527 Realty LLC for the office building (O2) at 1527 60th Street in Borough Park, Brooklyn. The deal closed on June 15, 2023 and was recorded on June 21, 2023. The property has 5,745 square feet of built space and 7,309 square feet of additional…
Capstone Equities through the entity 1921 West 31st Street Funding LLC acquired from Mitchell Holdings through the entity Life Hotel Pref LLC a hotel building (H3) at 19 West 31st Street in Penn Plaza, Manhattan that had $41 million in debt. Capstone Equities bought the debt with an original principal of $41 million, from lender Deutsche bank in December 2022, as PincusCo reported at the…
