H.I.G. Capital through the entity One Beekman Owner, LLC as borrower signed a refi loan with lender Emerald Creek Capital through the entity ECC 33 PR LLC valued at $51 million for 22 residential condo units at 1 Beekman Street also known as 33-34 Park Row in Financial District, Manhattan. The deal closed on June 1, 2023 and was recorded on June 12, 2023. The…
Black Bear Asset Management through the entity 507 Broadway LLC as borrower signed a refi loan with lender Morgan Stanley through the entity Morgan Stanley Bank valued at $58 million for the office condo at 503 Broadway in SoHo, Manhattan. The deal closed on June 7, 2023 and was recorded on June 12, 2023. The prior lender was Principal Life Insurance Company which held debt…
Westside Market founder John Zoitas through the entity 2846 31 Street Realty LLC paid $1.9 million to Rosa M. Bolanos and Jorge J. Bolanos through the entity Bolanos, Jorge J for the mixed-use building (S1) at 28-46 31st Street in Astoria, Queens. The deal closed on May 26, 2023 and was recorded on June 12, 2023. The property has 2,400 square feet of built space…
Muneef Alsayedi through the entity 414 East Village LLC paid $5 million to Tova Rabunski, Harriet Rabunski Leventhal, and Alan E. Rabunski through the entity Harriet 11th Street LLC for the 24-unit residential walkup building (C1) at 414 East 11th Street in East Village, Manhattan. The deal closed on May 18, 2023 and was recorded on June 12, 2023. The property has 7,420 square feet…
Sowa Kousan Inc. paid $9.5 million to Kohji Nagasaka and Koji Nagasaka for the eight-unit residential walkup building (C7) at 339 East 75th Street in Lenox Hill, Manhattan. The deal closed on May 31, 2023 and was recorded on June 12, 2023. The property has 8,370 square feet of built space and 1,140 square feet of additional air rights for a total buildable of 9,504…
The securitized lender CGCMT 2013-GC15 Sixth Avenue LLC acquired from Comjem Associates through the entity Christopher Chang, As Referee for the retail condo at 101 West 24th Street in Chelsea, Manhattan. The transfer was valued at $10.1 million, but the total debt as of 2022 was set at $47.4 million, according to court records. The lender filed to foreclose on the property in 2019, 160040/2019…
The entity Fifth 156 Sullivan St. LLC in care of the management company Building Equity Management paid $12.1 million to Kushner Companies through the entity 156 Sullivan Street Realty LLC for the 22-unit residential walkup building (C7) at 156 Sullivan Street in SoHo, Manhattan. The deal closed on June 6, 2023 and was recorded on June 12, 2023. The property has 15,883 square feet of…
F&T Group through the entity TDC Fc2 LLC paid $32.8 million to partner Rockefeller Group Development through the entity Flushing Commons Sponsor Phase II JV LLC for the development site at 37-01 138th Street in Flushing, Queens. The deal closed on June 1, 2023 and was recorded on June 12, 2023. The property has 119,985 square feet of built space and 413,697 square feet of…
Yoel Gruber through the entity Cropsey Airs Fee Holder LLC as borrower signed a refi loan with lender Valley National Bank valued at $24.5 million for the development building (V1) at 2224 Cropsey Avenue in Gravesend, Brooklyn. The deal closed on June 5, 2023 and was recorded on June 9, 2023. The prior lender was Cross River Bank which held debt that had an original…
Century Development Group through the entity Mps Two, LLC as borrower signed a new construction loan with lender Bank Hapoalim valued at $43 million for the 119-unit project at 11-36 45th Road in Long Island City, Queens. On the lot, there is one active new building construction project for a 119-unit building. The project was submitted by George Jiapeng Xu with plans filed August 8,…
Oiring Group through the entity 112-22 Rockaway Beach LLC paid $1.4 million to Noah Smith through the entity Mojo Hotel, Inc. for the five-unit mixed-use building (S5) at 112-22 Rockaway Beach Boulevard in Rockaway Park, Queens. The deal closed on May 22, 2023 and was recorded on June 9, 2023. The property has 6,700 square feet of built space according to a PincusCo analysis of…
Park Slope Associates through the entity 648 Chauncey Properties 2017 LLC paid $2.2 million to Kieran Treanor and Damien Smith through the entity Dk 1172 Fulton LLC for the three-unit mixed-use building (S3) at 1172 Fulton Street in Bedford Stuyvesant, Brooklyn. The deal closed on May 18, 2023 and was recorded on June 9, 2023. The property has 3,920 square feet of built space and…
Lotus Management and Roben Rabanipour through the entity 1110 Pennsylvania Ave Realty LLC paid $15.2 million to the Bokhour family through the entity 1110 Pennsylvania LLC for the retail building (K6) at 1110 Pennsylvania Avenue in East New York, Brooklyn. The deal closed on May 31, 2023 and was recorded on June 9, 2023. The property has 25,170 square feet of built space and 24,206…
Peapack-Gladstone Bank filed a pre-foreclosure action alleging a $10 million loan given to City Skyline Realty secured by the 61-unit rental at 2710 Morris Avenue in Fordham Manor, the Bronx, is in default. The lender filed the action in Bronx County and is seeking the sale of the property. LINK An affiliate of Douglas Peterson’s City Skyline Realty bought the property for $11.1 million on…
The trustee for a $65.5 million CMBS loan filed a pre-foreclosure action against an affiliate of Urban Edge Properties seeking the sale of the retail and office building Kingswood Center at 1630 East 15th Street in Sheepshead Bay, Brooklyn, which Urban Edge Properties bought in February 2020 for $88 million. The lender, a CMBS loan owned by bondholders of COMM 2018-COR3, in care of trustee…
Select Garages through the entity East 9th Park LLC as borrower signed a refi loan with lender Bank of Montreal valued at $44 million for four parking lot condominium units in two buildings, including 2373 Broadway in the Upper West Side, and at 21 University Place in Greenwich Village, Manhattan. The deal closed on May 25, 2023 and was recorded on June 8, 2023. The…
Joel Schwartz through the entity North 1st Apartments LLC as borrower signed a new construction loan with lender S3 Capital through the entity S3 Re 88 North 1st Funding LLC valued at $26 million for the office building (O2) at 88 North 1st Street in Williamsburg, Brooklyn. On the lot, there is one active new building construction project for a 48-unit, 32,835 square-foot R-2 building….
ZD Jasper Realty through the entity Zdj 36 LLC as borrower signed a new construction loan with lender Ponce Bank through the entity Ponce Bank valued at $47 million for the industrial building (E1) at 439 West 36th Street in Hudson Yards, Manhattan. On the lot, there is one active new building construction project for a 52-unit building. The project was submitted by Tom Wu…
Related Companies through the entity Gateway Center Properties I, L.L.C. as borrower signed a refi loan with lender Deutsche Bank through the entity DBR Investments Co. Limited valued at $160 million for the Gateway Center mall composed of 11 properties including the retail building (K8) at 339 Gateway Drive in East New York, Brooklyn, retail building (K1) at 381 Gateway Drive in East New York,…
Yitzchok Weinberg of Griffon Ventures through the entity 405-409 Gv LLC paid $4.7 million to Abraham Hercman through the entity North Bronx Associates LLC for the 19-unit and 12-unit residential walkup buildings (C7 and C1) at 405 and 409 East 204th Street in Norwood, the Bronx. The deal closed on June 6, 2023 and was recorded on June 8, 2023. The two properties have 29,580…
