Global Holdings Management Group through the entity GH 51 Irving LLC paid $30.7 million to Springhouse Partners through the entity Sp Irving Owner LLC for the 56-unit residential elevator building (D6) at 51 Irving Place in Gramercy, Manhattan. Springhouse Partners paid $55.5 million for the property in 2016. The deal closed on June 15, 2023 and was recorded on June 21, 2023. The property has…
The Flag through the entity The Flag MacDougal Street LLC paid Davean Holdings and Meadow Partners through the entity MP Davean Macdougal Venture LLC $48.9 million for two 36-unit residential walkup buildings (C7) at 103 and 105 MacDougal Street in Greenwich Village, Manhattan. The deal closed on June 15, 2023 and was recorded on June 21, 2023. The two properties have 39,648 square feet of…
The Vistria Group paid $174 million to L+M Development Partners and JPMorgan Chase for a stake in Nelson Management Group affordable properties in the Bronx and Manhattan in two transactions. Nelson Management retained a stake in the properties and will continue to manage them, according to The Real Deal. The acquisition included a refinancing in which KeyBank provided $96 million. In the first, Vistria Group…
Vornado Realty Trust, Crown Acquisitions and Qatar Investment Authority, through the entity 697 Fifth/2 East 55th Street TIC A Titleholder LLC as borrower, signed a loan refinance with lender Credit Agricole through the entity Credit Agricole Corporate And Investment Bank valued at $355 million for two properties including the retail condo at 2 East 55th Street and the mixed-use building (K4) at 697 Fifth Avenue…
Griffon Ventures through the entity 608 Gv LLC paid $3.2 million to Amir Gavarin through the entity Jabar Realty Corp. for the 38-unit residential walkup building (C7) at 608 West 192nd St in Washington Heights, Manhattan. The deal closed on June 12, 2023 and was recorded on June 20, 2023. The property has 27,055 square feet of built space according to a PincusCo analysis of…
Hao Ding through the entity 84 Orchard Street LLC paid $4.3 million to Alan Luke through the entity Citirich Realty Corp. for the two-unit mixed-use building (S2) at 84 Orchard Street in Lower East Side, Manhattan. The deal closed on June 1, 2023 and was recorded on June 20, 2023. The property has 3,520 square feet of built space and 1,754 square feet of additional…
Gary Spindler’s Park-It Management through the entity 2621 Parking Garage LLC paid $7.2 million to Peter Burack through the entity Aqueduct Holdings LLC for the industrial building (G1) at 2621 Aqueduct Avenue West in Fordham Manor, Bronx. The deal closed on June 6, 2023 and was recorded on June 20, 2023. The property has 16,383 square feet of built space and 23,427 square feet of…
Peak Capital Advisors through the entity 453 3rd Owner LLC paid $8.1 million to Naji A. Almontaser through the entity 453 3rd Street, LLC for the eight-unit residential walkup building (C1) at 453 3rd Street in Park Slope, Brooklyn. The deal closed on June 9, 2023 and was recorded on June 20, 2023. The property has 11,092 square feet of built space according to a…
Alex Gill through the entity W Residence LLC paid $8.6 million to Zalman Bernstein through the entity 1049 Claremont Village LLC for the industrial building (G1) at 1049 Washington Avenue in Morrisania, Bronx, industrial building (G7) at 439 East 165th Street in Morrisania, Bronx, and industrial building (G7) at 1037 Washington Avenue in Morrisania, Bronx. The deal closed on June 7, 2023 and was recorded…
Joel Schwartz through the entity North 11 Suites, LLC paid $12.9 million to Mark Berezowsky through the entity Ommy Associates, LLC for the development site (V3) at 209 North 11th Street in Williamsburg, Brooklyn. Schwartz already controlled the property through a 49-year ground lease signed in 2021. Simultaneously with the acquisition, Popular Bank provided Schwartz a $26.5 million acquisition and construction loan. On the lot,…
Witnick Real Estate Partners through the entity 525-535 Union Partners LLC paid $26.8 million to Cheskel Jacobowitz through the entity 525 Union Avenue Realty Associates LLC for the 43-unit residential walkup building (C1) at 525 Union Avenue in Williamsburg, Brooklyn. The deal closed on June 9, 2023 and was recorded on June 20, 2023. The property has 64,650 square feet of built space according to…
Isaac Herskovitz through the entity 2802-2816 FDB LLC paid $86.75 million for Fairstead’s 538-unit residential walkup building (C7) at 2802 Fredrick Douglass Boulevard in Harlem, Manhattan. The sale was a complex transaction, in which a buyer with the signatory Shaya Labin through Dunbar Partners BSD LLC put down a $3 million deposit and signed a contract in July 2022, but could not close and so…
An investor that claims to have provided more than $10 million in equity to a Kushner Companies 2014 multifamily and townhouse redevelopment project in Brooklyn Heights alleges the deal has failed because of Kushner Companies’ poor project management. The investor, BLS Holdco LLC, made the allegations in a lawsuit it filed yesterday in State Supreme Court in Manhattan. LINK The complaint implies the investor made…
Janet Rush, the owner of the 14,698-square-foot industrial building valued at $6 million at 139 58th Street in Sunset Park, Brooklyn, filed bankruptcy for the second time in two years, this time two days before a scheduled foreclosure auction in Brooklyn. Bankruptcy LINK The industrial building in Sunset Park has 14,698 square feet of built space and 7,741 square feet of additional air rights for…
Bharath Reddy through the entity 168 Dean Street Brooklyn LLC paid $4.3 million to Joseph McDonnell and Paul McDonnell for the four-unit building (C3) at 168 Dean Street in Boerum Hill, Brooklyn. The deal closed on June 9, 2023 and was recorded on June 23, 2023. The property has 3,916 square feet of built space and 434 square feet of additional air rights for a…
Argo Real Estate through the entity 64 Owner LLC as borrower signed a refi loan with lender Deutsche Bank valued at $47 million for the development building (V1) at 64 University Place in Greenwich Village, Manhattan. The deal closed on May 31, 2023 and was recorded on June 16, 2023. The prior lender was Fortress Investment Group which held debt that had an original loan…
Slate Property Group through the entity 37-11 30th Street Holdings LLC as borrower signed a refi loan with lender PCCP through the entity Pacificcal Debt V, LLC valued at $85 million for the 186-unit residential elevator building (D6) at 37-05 30th Street in Long Island City, Queens. The deal closed on June 9, 2023 and was recorded on June 16, 2023. The prior lender was…
Sami Souid through the entity Bh 2110 Op LLC paid $2.6 million to Uzi Shvut through the entity 2110 Ocean Parkway LLC for the development building (V0) at 2110 Ocean Parkway in Gravesend, Brooklyn. The deal closed on June 6, 2023 and was recorded on June 16, 2023. The property has zero square feet of built space and 5,075 square feet of additional air rights…
Eli Gottesdiener through the entity Brooklyn Rentals LLC paid $3.9 million to Alice E. Smith through the entity 40 Berkeley Place LLC for the four-unit building (C3) at 40 Berkeley Place in Park Slope, Brooklyn. The deal closed on June 12, 2023 and was recorded on June 16, 2023. The property has 4,000 square feet of built space according to a PincusCo analysis of city…
Manouchehr Malekan through the entity Corona 95 LLC paid $4.3 million to Louis J. Marcari through the entity Bremac, LLC for the two-unit 1-4 family building (B2) at 40-09 95th Street in Elmhurst, Queens and retail building (K1) at 95-06 Roosevelt Avenue in Elmhurst, Queens. The deal closed on May 24, 2023 and was recorded on June 16, 2023. The two properties have 4,240 square…
