Ulgur Aydin through the entity Oily River Development LLC paid $13.5 million to Beatrice Korn through the entity Fri Realty Corp. for the office building (O2) at 177 North 10th Street in Williamsburg, Brooklyn. The deal closed on May 18, 2023 and was recorded on May 25, 2023. The property has 20,000 square feet of built space and 9,999 square feet of additional air rights…
Bayrock Capital through the entity BR 10th Street Partners LLC paid $76.5 million to Sam Chang’s McSam Hotel Group through the entity Dun 37-10 10th Street LLC for the 381-key hotel building (H3) at 37-10 10th Street in Long Island City, Queens. This purchase follows Bayrock Capital’s $50 million purchase of a hotel from Moinian Group. The deal closed on May 16, 2023 and was…
Two unrelated petitioners in New York filed for bankruptcy to hold off separate foreclosure auctions, one related to a defaulted $18 million loan secured by a 23-unit condominium in Flushing, and another for a $2 million loan secured by two Brooklyn walkup buildings. In the larger, Jinwu Yu filed a Chapter 11 petition in the Eastern District of New York to block the foreclosure auction…
A federal judge sided with the special servicer of a $41 million loan secured by Veracity Equities’ three Nolita rental properties at 31 Prince Street, 46 Spring Street and 48 Spring Street, issuing a ruling yesterday approving summary judgment in a motion to foreclose on the debt and sell the properties at auction. Veracity Equities faces four other pre-foreclosure actions, but this is the first…
Turnbridge Equities through the entity 2647 Stillwell Avenue Property LLC as borrower signed an acquisition loan with lender East West Bank through the entity East West Bank valued at $9.3 million for six specialty properties including the specialty building (Z9) at 2320 Shore Parkway and 2647 Stillwell Avenue in Gravesend, Brooklyn. The deal closed on May 11, 2023 and was recorded on May 24, 2023….
Jordan Errico through the entity 54th Street, LLC as borrower signed a refi loan with lender Flagstar Bank valued at $12.9 million for the retail condo at 250 East 54th Street in Midtown East, Manhattan. The gym Equinox is the retail tenant in the space. The deal closed on May 9, 2023 and was recorded on May 24, 2023. The prior lender was TD Bank…
Anna Casalino of Titan Industrial Services through the entity Bayberry Properties, Inc. paid $4 million to Lorraine E. Ripley estate for the office building (O2) at 66-00 Queens Midtown Expressway Sr South in Maspeth, Queens, industrial building (G7) at 66-10 Perry Avenue in Maspeth, Queens, and industrial building (G7) at 66-12 Perry Avenue in Maspeth, Queens. The deal closed on May 18, 2023 and was…
Meridian Properties through the entity Epsilon Maple 1G LLC paid $4.8 million to Barberry Rose Management Company through the entity Bsf 288-295 Maple Holding LLC for the 33-unit residential elevator building (D7) at 295 Maple Street in Prospect Lefferts Gardens, Brooklyn. The deal closed on May 12, 2023 and was recorded on May 24, 2023. The property has 43,662 square feet of built space according…
Benjamin J. Schapiro through the entity Assist Holding LLC paid $5.2 million to Irwin Rosen through the entity Rosen Farragut LLC for the industrial building (E1) at 4420 Farragut Road in East Flatbush, Brooklyn. The deal closed on May 19, 2023 and was recorded on May 24, 2023. The property has 7,484 square feet of built space and 18,460 square feet of additional air rights…
Jewelry and beauty company Elite Group International NY through the entity RNA Herald Square LLC paid $5.5 million to Hidrock Properties through the entity 3536 Associates LLC for two retail condos at 35 West 36th Street in the Garment District, Manhattan. The deal closed on April 5, 2023 and was recorded on May 24, 2023. The two properties have 7,490 square feet of built space…
Kashif Iqbal through the entity Zikr Realty LLC paid $8.6 million to Jose Keckek through the entity 774 Broadway, Inc. for the retail building (K1) at 600 East 138th Street in Mott Haven, Bronx. The deal closed on April 18, 2023 and was recorded on May 24, 2023. The property has 37,500 square feet of built space and 8,062 square feet of additional air rights…
Michael Malekan sues Albert Malekan for $13M: Michael Malekan claims in a summons filed in Manhattan that he owns minority stakes in three Albert Malekan commercial buildings that have total debt of $58 million. The buildings are 466 Broome Street, 75 Greene Street and 552 Seventh Avenue. Michael does not allege what percent he owns in each building. He alleges Albert has refused to make…
Steven Feldman’s Rockfeld Group through the entity Tri-King Realty LLC as borrower signed a refi loan with lender Northfield Bank valued at $6.5 million for seven properties including the retail building (K2) at 1123 Kings Highway in Sheepshead Bay, Brooklyn, mixed-use building (K2) at 1103 Kings Highway in Sheepshead Bay, Brooklyn, and retail building (K2) at 1101 Kings Highway in Sheepshead Bay, Brooklyn. The deal…
Solomon Jacobowitz through the entity North 10 Lofts LLC as borrower signed a refi loan with lender Greystone & Co. through the entity Greystone Servicing Company LLC valued at $24.5 million for the 39-unit rental condo at 103 North 10th Street in Williamsburg, Brooklyn. The deal closed on May 16, 2023 and was recorded on May 23, 2023. The prior lender was Signature Bank in…
Episcopal Health Services as borrower signed a rehab construction loan with lender M&T Bank valued at $26.2 million for the St. John’s Episcopal Hospital building (I1) at 327 Beach 19th Street in Far Rockaway, Queens. The deal closed on May 2, 2023 and was recorded on May 23, 2023. The property has 119,788 square feet of built space and 93,500 square feet of additional air…
Guardian Realty through the entity Cip Land LLC as borrower signed a refi loan with lender Bank of Montreal valued at $42.5 million for an office complex including the office building (O2) at 133-33 Brookville Boulevard and the industrial parcel (G7) at 242-34 133rd Avenue in Rosedale, Queens. The deal closed on May 2, 2023 and was recorded on May 23, 2023. The 11 properties…
Partners Path through the entity 1711 Grove Owner LLC paid $3.3 million to Sinai Sassouni through the entity 1711 Grove Partners LLC for the five-unit mixed-use building (S5) at 1711 Grove Street in Ridgewood, Queens. The deal closed on May 4, 2023 and was recorded on May 23, 2023. The property has 4,900 square feet of built space according to a PincusCo analysis of city…
The Carlyle Group paid at total of $6.1 million to two separate sellers for a two-unit in Carroll Gardens, Brooklyn and a two-unit in Ridgewood, Queens. In the larger transaction, the Carlyle Group through the entity Townhouse Rental II, L.L.C. paid $3.6 million to Catherine Zawierka and Paul Zawierka for the two-family building (B1) at 188 Nelson Street in Carroll Gardens, Brooklyn. The deal closed…
Adam Woodward through the entity Charles Hasselmeyer LLC paid $5 million to DLJ Real Estate Capital Partners through the entity 1 Ludlow LLC for the mixed-use building (S1) at 1 Ludlow Street in Chinatown, Manhattan. The deal closed on May 10, 2023 and was recorded on May 23, 2023. The property has 2,318 square feet of built space and 559 square feet of additional air…
