The family that owns IBI Armored Services through the entity Shields Realty II LLC paid $6 million to Barbara J. Scott through the entity A. & Y. Realty Corp. for the industrial building (G1) at 58-17 28th Avenue in Woodside, Queens. The deal closed on June 2, 2023 and was recorded on June 8, 2023. The property has 14,550 square feet of built space for…
The artist Jennifer Saville through the entity Jai Studio, Inc. paid $11.5 million to the estate of Stephen E. Kelly for the two-unit mixed-use building (S2) at 154 East 71st Street in Lenox Hill, Manhattan. The deal closed on June 2, 2023 and was recorded on June 8, 2023. The property has 9,300 square feet of built space according to a PincusCo analysis of city…
David Mandelbaum, a trustee of Vornado Realty Trust, and his son Michael Mandelbaum through the entity 245 West 55th St LLC paid $28.5 million to DuArt Media Services through the entity Du-Art Film Laboratories, Inc. for the office building (O3) at 245 West 55th Street in Midtown West, Manhattan. The deal closed on June 6, 2023 and was recorded on June 8, 2023. The property…
Reliance Industries, controlled by the billionaire Indian industrialist Mukesh Ambani, through the entity Reliance Strategic Business Ventures Limited, acquired a 73.37 percent interest in the Mandarin Oriental New York hotel at 80 Columbus Circle, in Lincoln Square, Manhattan. The transactions was valued at $195.2 million for the hotel condominium unit. The seller was the Investment Corporation of Dubai. The deal closed on May 11, 2023…
Rybak Development through the entity 660 Lexington Avenue Development LLC as borrower signed a new construction loan with lender Maxim Capital Group through the entity Maxim Credit Group, LLC valued at $10 million for the 23-unit new development at 656-660 Lexington Avenue in Midtown East, Manhattan. On the lot, there is one active new building construction project for a 23-unit, 52,895 square-foot R-2 building. The…
Innovo Property Group through the entity 28-90 Review Ave Property Owner LLC as borrower signed a refi loan with lender Deutsche Bank through the entity Deutsche Bank Ag, New York Branch valued at $43 million for the development building (V1) at 28-90 Review Avenue in Long Island City, Queens. On the tax block, there was one new building construction project filed totaling 350,222 square feet….
Lonicera Partners through the entity Willoughby Owner LLC as borrower signed a new construction loan with lender Santander Bank valued at $128 million for the 290-unit project at 55 Willoughby Street in Downtown Brooklyn, Brooklyn. The deal closed on May 31, 2023 and was recorded on June 7, 2023. The prior lender was Transworld Equities which held debt that had a loan amount of $25.5…
Phillip Miller through the entity Monitor Residence LLC paid $3.2 million to Maverick Real Estate Partners through the entity 52 Monitor Street Lender LLC for the eight-unit residential walkup building (C1) at 52 Monitor Street in Williamsburg, Brooklyn. The deal closed on June 1, 2023 and was recorded on June 7, 2023. The property has 6,875 square feet of built space according to a PincusCo…
Chestnut Holdings through the entity 622 187th Bronx LLC paid $4.3 million to Alma Realty through the entity 622 East 187th Street, LLC for the 24-unit residential walkup building (C7) at 622 East 187th Street in Belmont, the Bronx. The deal closed on May 25, 2023 and was recorded on June 7, 2023. The property has 22,500 square feet of built space according to a…
David Podolsky and Abraham Podolsky through the entity Fourth Sunset LLC paid $4.8 million to Dennis Ross through the entity S. & B. 4th Avenue Realty Corp. for the mixed-use building (K4) at 5119 4th Avenue in Sunset Park, Brooklyn. The deal closed on May 25, 2023 and was recorded on June 7, 2023. The property has 15,000 square feet of built space and 4,999…
The entity Sowa Kousan, Inc. paid $12 million to Makoto Susa for the 10-unit residential walkup building (C4) at 506 East 84th Street in Yorkville, Manhattan. The deal closed on May 31, 2023 and was recorded on June 7, 2023. The property has 8,065 square feet of built space and 2,145 square feet of additional air rights for a total buildable of 10,216 square feet…
United Construction & Development Group through the entity Rego Park Tower LLC paid $71.1 million to Vornado Realty Trust through the entity Alexander’s of Rego Park III, Inc. for the industrial building (G7) at 93-30 93rd Street in Rego Park, Queens. United Construction & Development Group financed the purchase with a $40 million acquisition loan from Maxim Capital Group. The deal closed on May 19,…
Lender Fairview Partners Investment Management alleges two loans totaling $7.87 million secured by two walkup buildings in Belmont, the Bronx at 2304 and 2308 Crotona Avenue are in default, and filed a lawsuit in Bronx County seeking to foreclose on the properties. Borrower Yakov Basmanov obtained the two loans from Investors Bank in 2018. In September 2022, Fairview Partners Investment Management purchased the loans and…
Solil Management through the entity 598 Madison LLC as borrower signed a refi loan with lender State Farm Realty Mortgage through the entity State Farm Realty Mortgage, L.L.C. valued at $18 million for the office building (O6) at 598 Madison Avenue in Midtown East, Manhattan. The deal closed on May 24, 2023 and was recorded on June 6, 2023. The prior lender was Flagstar Bank…
Feil Organization through the entity 255 Mall LLC. as borrower signed a refi loan with lender M&T Bank through the entity Manufacturers & Traders Trust Company valued at $25 million for the retail building (K6) at 255-01 Union Turnpike in Glen Oaks, Queens. The deal modified and extended the maturity date from May 30, 2023 to January 30, 2025. The deal closed on May 31,…
Robert Davoodzadeh through the entity Brooklyn S Fourth LLC paid $7.1 million to Deborah Lee Charatan’s BCB Property Management through the entity BCB 380 South 4th Street LLC for the 30-unit residential walkup building (C7) at 380 S 4th St in Williamsburg, Brooklyn. The deal closed on May 11, 2023 and was recorded on June 6, 2023. The property has 18,519 square feet of built…
Efraim Shamayev through the entity 1200 AOA Realty, LLC paid $22.3 million to TA Realty through the entity 1200 AOA Realty Associates, LLC for the office building (O5) at 1200 Avenue of the Americas in Midtown West, Manhattan. The deal closed on May 24, 2023 and was recorded on June 6, 2023. The property has 21,600 square feet of built space and 7,395 square feet…
The Davis Companies through the entity Div Willoughby, LLC acquired a 56 percent interest valued at $35.4 million in Lonicera Partners’ 290-unit development at 55 Willoughby Street in Downtown Brooklyn, Brooklyn. On the lot, there was one new building construction project filed totaling 227,976 square feet. It is a 290-unit, 227,976 square-foot residential (R-2) building submitted by Lonicera Partners and filed by John Evans with…
The nonprofit Webster Apartments paid $42.2 million to Lam Generation through the entity A&J Lee Duffield III LLC for the hotel building (H2) at 229 Duffield Street in Downtown Brooklyn. The deal closed on May 24, 2023 and was recorded on June 6, 2023. The property has 56,626 square feet of built space according to a PincusCo analysis of city data. The sale price per…
Douglaston Development through the entity 1065 Atlantic Avenue LLC paid $65 million to BEB Capital, an affiliate of Ofer Cohen, Tucker Reed, and Vivian Liao through the entity AI One Holdco LLC and others for the industrial building (F9) at 1045 Atlantic Avenue in Bedford Stuyvesant, Brooklyn. At the same time, Ares Management made an equity investment and the developers obtained a $185 million construction…
