The 140 Fifth Avenue cooperative through the entity Fifth Avenue Loft Corporation as borrower signed a refi loan with lender National Cooperative Bank through the entity National Consumer Cooperative Bank valued at $9.5 million for 21 residential units at 140 Fifth Avenue in the Flatiron District, Manhattan. The deal closed on May 31, 2023 and was recorded on June 14, 2023. The property has 41,610…
An unknown buyer through the entity 60 Energy LLC paid $4.1 million to Raymond Lee through the entity Silverman-Shaw Inc. for the industrial building (F5) at 60-62 Franklin Avenue in Bedford Stuyvesant, Brooklyn. The deal closed on June 7, 2023 and was recorded on June 14, 2023. The property has 11,200 square feet of built space and 287 square feet of additional air rights for…
An unidentified buyer, 407 Bleecker LLC, paid $4.5 million to the Chehebar family’s Jackson Group through the entity 407 Bleecker Street LLC for the retail condo at 407 Bleecker Street in West Village, Manhattan. The most recent financing was $4.5 million originated by Ladder Capital in 2013. The deal closed on May 31, 2023 and was recorded on June 14, 2023. The property has 2,402…
Carlyle Group through the entity Townhouse Rental II, L.L.C. paid $5.7 million to Yossel Lichtman through the entity 418 Suydam Realty LLC for the six-unit residential walkup building (C2) at 418 Suydam Street in Bushwick, Brooklyn. The deal closed on June 7, 2023 and was recorded on June 14, 2023. The property has 4,725 square feet of built space and 1,349 square feet of additional…
Karina Elnatanova and Irina Elnatanova through the entity 105-35 65th Road, LLC paid $8 million to Esfera Malakova through the entity Herkimer Ventures, LLC for the seven-unit residential walkup building (C1) at 105-31 65th Road in Forest Hills, Queens. The deal closed on June 5, 2023 and was recorded on June 14, 2023. The property has 6,937 square feet of built space and 19,228 square…
Dalan Management through the entity CC Tic LLC (and others) paid $34.6 million to RWN Real Estate Partners through the entity Rwnih-Rep II 44th Street LLC for an 85 percent stake in the 164-unit residential elevator building (D6) at 230 East 44th Street in Grand Central, Manhattan. Dalan already controlled the remaining 15 percent. The property is owned through a ground lease. The fee is…
An affiliate of Steve Hackel’s ASLD Realty, CI Realty, filed two pre-foreclosure actions yesterday against owners of two properties in New York City for a total of $6.3 million. In the larger, CI Realty filed to foreclose on Nikolaos Fillas’s entity, which owns 24-09 41st Avenue and 24-11 41st Avenue in Long Island City, Queens. The Fillas entity acquired the parcel in 2000, and in…
Directed Capital through the entity Dcr Mortgage 10 Sub 4, LLC bought a note with an original principal of $8.2 million from Webster Bank secured by Daten Group’s mixed-use building (K2) at 100 East 122nd Street in East Harlem, Manhattan. Directed Capital has purchased at least 13 loans since mid-2020, according to a PincusCo analysis of city records. The deal closed on June 2, 2023…
Jianzhong Zhan through the entity American HK Development Inc. as borrower signed a new construction loan with lender Cathay Bank valued at $20 million for the 56-unit project at 31-35 137th Street in Flushing, Queens. On the lot, there is one active new building construction project for a 56-unit, 50,455 square-foot R-2 building. The project was submitted by Mei Yong Xiao with plans filed January…
LBA Realty through the entity 110 Beard Street, LLC as borrower signed a initial loan with lender City National Bank through the entity City National Bank valued at $22.8 million for the industrial building (F5) at 236 Richards Street in Red Hook, Brooklyn. The deal closed on May 31, 2023 and was recorded on June 13, 2023. The property has 88,000 square feet of built…
Heatherwood Luxury Rentals through the entity 1719 27st DE LLC as borrower signed a refi loan with lender Walker & Dunlop valued at $35 million for the 142-unit residential elevator building (D3) at 42-25 27th Street in Long Island City, Queens. The deal closed on June 2, 2023 and was recorded on June 13, 2023. The prior lender was PNC Bank which held debt that…
Peak Capital Advisors through the entity 724 Metropolitan Owner LLC paid $3 million to Valerie Bowe through the entity Mcbowe Properties, LLC for the six-unit residential walkup building (C2) at 724 Metropolitan Avenue in Williamsburg, Brooklyn. The deal closed on June 8, 2023 and was recorded on June 13, 2023. The property has 5,700 square feet of built space and 4,432 square feet of additional…
Greenbrook Partners through the entity 88 5 Ave, LLC paid $3.6 million to Demme Matheos through the entity 88 5th Avenue Realty Corp for the six-unit mixed-use building (S5) at 88 5th Avenue in Park Slope, Brooklyn. This is Greenbrook Partners second purchase in 2023, which is a slower acquisition rate compared with 2019 to 2022. The deal closed on June 2, 2023 and was…
Ling Jieng Zheng through the entity J & F Group NY LLC paid $5.7 million for the industrial building (G2) at 79-38 Woodside Avenue in Elmhurst, Queens. The prior owners were Shanglin C.H. Chou and Kong Shun Wang, but they lost the property in this foreclosure case filed in Queens County, 720268/2021. The deal closed on May 23, 2023 and was recorded on June 13,…
UPDATED June 21, 2023, 2:31 p.m.: Moses Karpen through the entity Broadway Cook LLC paid $8 million to Ana Kappel through the entity Broadway-Cook Realty LLC for the two-unit mixed-use building (K4) at 691 Broadway in Williamsburg, Brooklyn, retail building (K1) at 693 Broadway in Williamsburg, Brooklyn, and retail building (K1) at 697 Broadway in Williamsburg, Brooklyn. In April 2023, Moses Karpen filed plans to…
Samuel Teitelbaum through the entity Berry On The Park Holdings LLC paid $8.2 million to Cayuga Capital Management through the entity 10 Berry Development LLC for the development building (V1) at 12 Berry Street in Williamsburg, Brooklyn. The deal closed on June 8, 2023 and was recorded on June 13, 2023. The property has zero square feet of built space and 21,266 square feet of…
The entity Fourth 120 Macdougal Street LLC in care of Building Equity Management paid $10.8 million to Kushner Companies through the entity 120 Macdougal Street Realty LLC for the 26-unit residential walkup building (C7) at 120 Macdougal Street in Greenwich Village, Manhattan. The deal closed on June 6, 2023 and was recorded on June 13, 2023. The property has 13,618 square feet of built space…
UPDATED 4:21 a.m. June 15, 2023: Silvera Properties through the entity 534 West 28th Street LLC paid $24.5 million to Extell Development through the entity Clinton Pb 27 LLC for the retail building (K4) at 533 West 27th Street in Chelsea, Manhattan. The sale also included an air rights purchase, bringing the total acquisition cost to $34.5 million. This property was part of a large…
Tredway, Gilbane Development, ELH Mgmt. formed a joint venture that paid $150 million to a partnership including Arker Companies and Related Companies for three affordable housing buildings with 818 units and one development site in Coney Island, Brooklyn. Brookfield Asset Management was also identified as a party on the new ownership team. The acquisition occurred in three separate transactions. The sale was reported by multiple…
Zelig Weiss through the entity Marcy Hart LLC as borrower signed a refi loan with lender Valley National Bank valued at $24.4 million for the 64-unit residential elevator building (D1) at 633 Marcy Avenue in Bedford Stuyvesant, Brooklyn. The deal closed on June 7, 2023 and was recorded on June 12, 2023. The prior lender was Valley National Bank which held debt that had an…
