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 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 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…
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…
Kinsmen Property Group through the entity 62-64 Third Ave. L.P. paid $10 million for the 12-unit residential walkup building (C7) at 50-52 Third Avenue in the East Village, Manhattan. The seller is a partnership in care of the Halegua family’s Jonis Realty with the corporate name 50 3rd Avenue Associates Limited Partnership. This is the sixth building Kinsmen Property Group has purchased on the west…
SMS Financial through the entity SMS Financial Strategic Investments IV, LLC bought a note with an original principal of $6.1 million from Customers Bank secured by Cayuga Capital Management’s 12-unit residential walkup building (C1) at 290 Harman Street in Bushwick, Brooklyn and 12-unit residential walkup building (C1) at 294 Harman Street in Bushwick, Brooklyn. This is at least the second loan SMS Financial has purchased…
EastGold Holdings through the entity What Cheer II LLC as borrower signed a refi loan with lender JPMorgan Chase, Wells Fargo, and Morgan Stanley valued at $9.5 million for the retail condo at 141 Fifth Avenue in the Flatiron District, Manhattan. The deal closed on May 5, 2023 and was recorded on May 19, 2023. The prior lender was Series 2013-C10 which held debt that…
Robert Perl through the entity Rental Apartments LLC as borrower signed a refi loan with lender Dime Community Bank valued at $9.9 million for three residential walkup properties with 64 residential units including the 24-unit walkup (C7) at 215 East 10th Street, the 20-unit walkup (C7) at 217 East 10th Street, and 20-unit walkup (C4) at 213 East 10th Street, all in the East Village,…
F&T Group through the entity QC FLUSHING LLC as borrower signed a refi loan with lender JPMorgan Chase and Barclays valued at $57.1 million for 17 commercial condo units including the property at 38-21 Main Street in Flushing, Queens. The deal closed on May 5, 2023 and was recorded on May 19, 2023. The 17 properties have 210,748 square feet of built space according to…
Abraham Drezdner through the entity The Drezdner Group LLC paid $2.2 million to Thelma Branch estate for the three-unit building (C0) at 500 Willoughby Avenue in Bedford Stuyvesant, Brooklyn. The deal closed on April 27, 2023 and was recorded on May 19, 2023. The property has 3,000 square feet of built space and 749 square feet of additional air rights for a total buildable of…
Marcel Fridman through the entity 17 Slope Bk LLC paid $2.5 million to John Scarpinito through the entity Calder 17 Corp for the five-unit residential walkup building (C2) at 347 17th Street in South Slope, Brooklyn. The deal closed on May 15, 2023 and was recorded on May 19, 2023. The property has 6,500 square feet of built space according to a PincusCo analysis of…
Malul & Co. paid $2.775 million to Top Rock Holdings through the entity 205-16 Linden Blvd Partners LLC for 205-16 Linden Boulevard in Saint Albans, Queens. The sale closed on May 16, 2023 and has not yet been recorded. A principal with Malul & Co. is Shalom Malul. According to the brokers, the property will be converted into a mixed-use residential building. Mike Sezan and…
The CMBS lender Series 2019-SB61 through the entity 2115 Mohegan Avenue- 10204188 LLC acquired at a valuation of $3.6 million from Nathan Rosenberg through the entity 1229 60 Street LLC the 25-unit residential walkup building (C1) at 2115 Mohegan Avenue in West Farms, Bronx. This is a deed-in-lieu of foreclosure. The deal closed on May 10, 2023 and was recorded on May 19, 2023. The…
Joseph Nabavi sought bankruptcy protection for two buildings at 244 and 246 West 18th Street in Chelsea, Manhattan that he valued at a total of $10 million. He filed the petition in the Southern District of New York with the intention of holding off a UCC auction of the equity which was scheduled for Friday, May 19. Nabavi Declaration 244-246 West 18th Street Joseph Nabavi…
The servicer for a CMBS loan with an original principal of $18.5 million secured by the 26-unit mixed-use property at 25 Jay Street in Dumbo, Brooklyn, alleges the loan is in default and is seeking to foreclose on the asset. The property owner, Joseph Torres, sought to sell the building in 2013 for $34.5 million, according to an article in Brownstoner. The servicer filed the…
Gopi Punukollu, a cardiologist and investor, signed a contract dated March 9, 2023 to pay $2.75 million for the two parcels comprising the now-closed St. John’s United Methodist Church at 17-37 Linden Street and an adjacent two-unit property at 17-35 Linden Street, in Ridgewood, Queens. The 17-37 Linden Street property in Ridgewood has 6,060 square feet of built space and 6,584 square feet of additional…
The Federal Deposit Insurance Corporation, as receiver for First Republic Bank, won court approval to move its effort to hold on to two retail leases in Lenox Hill that are part of a development site Ziel Feldman’s HFZ Capital Group assembled and then lost in February 2023 through a foreclosure sale to lender W Financial. The total debt at the time including the original $43.6…
Park-It Management through the entity Heights Broadway LLC as borrower signed a refi loan with lender TriState Capital Bank valued at $19 million for the garage building (G9) at 4320 Broadway in Washington Heights, Manhattan. The deal closed on March 16, 2023 and was recorded on May 18, 2023. The prior lender was BankUnited which held debt that had an original loan amount of $21.5…
ATCO Properties & Management through the entity 40 Cps Associates LLC as borrower signed a refi loan with lender MassMutual through the entity Massachusetts Mutual Life Insurance Company valued at $83 million for the 316-unit residential elevator building (D6) at 40 Central Park South in Midtown West, Manhattan. The deal closed on May 1, 2023 and was recorded on May 18, 2023. The prior lender…
Maddd Equities and Joy Construction through the entity Brooklyn Red Sauce LLC as borrower signed a new construction loan with lender Valley National Bank valued at $143 million for the 465-unit development at 67 Prince Street also known as 202 Tillary Street in Downtown Brooklyn. The deal closed on May 8, 2023 and was recorded on May 18, 2023. The prior lender was Valley National…
