Transfers
Courts roundup: $13M Malekan dispute, Pinnacle unsold condo dispute, $4M garage pre-foreclosure
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 signs $6.5M refi for retail in Sheepshead Bay
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 signs $24.5M refi for 39-unit rental in Williamsburg
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 signs $26.2M rehab construction loan for hospital in Far Rockaway
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 signs $42.5M refi with Bank of Montreal for office complex in Queens
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 pays $3.3M for mixed-use in Ridgewood
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…
Carlyle Group pays $6.1M for two walkups in Brooklyn, Queens
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 pays $5M to DLJ Real Estate for mixed-use in Chinatown
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…
Blue Bird hotel in Jamaica sells for $17.2M
An anonymous buyer through the entity 138-68 94 Ave LLC paid $17.2 million to members of the Patel family through the entity Hariohm Realty LLC for the 72-key hotel building (H4) the Blue Bird at 138-68 94th Avenue in Jamaica, Queens. Popular Bank financed the purchase with a $15.5 million loan. The deal closed on May 9, 2023 and was recorded on May 23, 2023….
$28M bankruptcy to block receiver at Flushing commercial building
One of the owners of the Flushing commercial building at 33-37 Farrington Street and 34-20 Linden Place valued at $28 million filed a bankruptcy petition in the Eastern District of New York as its lender Sioni Capital seeks the appointment of a receiver to manage the property that is in pre-foreclosure. The petition says the owners are seeking to sell the building through a marketing…
$12.8M pre-foreclosure filed at Micasa Living’s 36-unit Fordham Manor project
Lender NorthEast Community Bank filed a pre-foreclosure action against an affiliate of Micasa Living’s 36-unit project at 2660 Kingsbridge Terrace in Fordham Manor, the Bronx. The complaint was filed May 23, 2023 in State Supreme Court in Bronx County. The lender alleges the loan was not repaid in full by the extended maturity date of March 1, 2023. Court filings represent the positions of one…
Ian Bremmer signs $8.6M initial loan with Bank of America for two office properties in NoMad
Ian Bremmer through the entity Realestatepolitik LLC as borrower signed a initial loan with lender Bank of America valued at $8.6 million for two office buildings (O2) at 21 and 23 West 26th Street in NoMad, Manhattan. The deal closed on May 9, 2023 and was recorded on May 22, 2023. The two properties have 11,127 square feet of built space and 38,229 square feet…
CBRE, Spaxel, Atalaya sign $13.5M construction loan for 46-unit project in Bronx
CBRE Investment Management, Spaxel, and Atalaya Capital through the entity Spaxel CBRE 1695 Monroe LLC as borrower signed a new construction loan with lender First-Citizens Bank & Trust Company valued at $13.5 million for the 46-unit development at 1695 Monroe Avenue in Claremont Village, Bronx. On these lots, there is one active new building construction project for a 46-unit, 31,253 square-foot R-2 building. The project…
Nicholas Notias, Richard L’Esperance pay $3.7M for dev site in Astoria
Nicholas Notias and Richard L’Esperance through the entities NN30 Realty LLC and RL30 Realty LLC paid $3.7 million to Salvatore Restrivo and Charles Restrivo through the entity 27-11 30th Avenue LLC for the development site (V1) at 27-11 30th Avenue in Astoria, Queens. The deal closed on May 15, 2023 and was recorded on May 22, 2023. The property has zero square feet of built…
Beitel Group pays $4M for industrial in Borough Park
Beitel Group through the entity 1555 60th Street LLC paid $4 million to William Nussen through the entity 1547-55 60th St LLC for the industrial building (G2) at 1547-1555 60th Street in Borough Park, Brooklyn. The deal closed on May 16, 2023 and was recorded on May 22, 2023. The property has 8,000 square feet of built space and 24,036 square feet of additional air…
LIC industrial sells for $4.8M
The entity Ecrin D’Eiitis Inc. paid $4.8 million to Gracene Gardella through the entity Axel Spring And Welding II, LLC for the industrial building (E9) at 42-29 11th Street in Long Island City, Queens. The deal closed on April 21, 2023 and was recorded on May 22, 2023. The property has 9,130 square feet of built space and 9,130 square feet of additional air rights…
Anibal Gomez pays $7.2M to Ramon Escobar for five properties in East Harlem
Anibal Gomez through the entity Harlem Place, LLC paid $7.2 million to Ramon Escobar through the entity Et Homes, LLC for the five-unit residential walkup building (C4) at 149 East 121st Street in East Harlem, Manhattan, four-unit 1-4 family building (C3) at 22 East 126th Street in East Harlem, Manhattan, and three-unit 1-4 family building (C0) at 28 East 127th Street in East Harlem, Manhattan….
New Jersey investor pays $6.35M for two adjacent East Harlem walkups
New Jersey investor Yogini Rathore pays $6.35 million for two adjacent East Harlem walkups including the corner building at 1868 Third Avenue and 1870 Third Avenue in two separate transactions with separate sellers. In the first, Yogini Rathore through the entity 1868 Third Re LLC paid $3.6 million to Linda Blake through the entity Nelvid Corporation for the retail building (K2) at 1868 Third Avenue…
Wharton Properties signs $6.1M loan for 8-unit walkup in Williamsburg
Jeff Sutton of Wharton Properties through the entity 117 North 4th St LLC as borrower signed an initial loan with lender Valley National Bank valued at $6.1 million for the eight-unit residential walkup building (C1) at 117 North 4th Street in Williamsburg, Brooklyn. The deal closed on May 12, 2023 and was recorded on May 19, 2023. The property has 6,500 square feet of built…