Yimei Zhuo through the entity 102-11 Zhuo Family LLC paid $2.8 million to Xue Yue Lu and Tony James Pang for the six-unit mixed-use building (S5) at 102-11 37th Avenue in North Corona, Queens. The deal closed on May 8, 2023 and was recorded on May 18, 2023. The property has 5,104 square feet of built space according to a PincusCo analysis of city data….
Carlyle Group through the entity Townhouse Rental II, L.L.C. paid $4.7 million to Yoel Klein and Samuel Retek through the entity 147 Stanhope LLC for the eight-unit building at 147 Stanhope Street in Bushwick, Brooklyn. The deal closed on May 15, 2023 and was recorded on May 18, 2023. The property has zero square feet of built space and 6,072 square feet of additional air…
Eli Pavel through the entity 10 Westminster Rd Pps LLC paid $5.2 million to Duke Properties through the entity 10 Westminster Road LLC for the 21-unit residential walkup building (C1) at 10 Westminster Road in Flatbush, Brooklyn. The deal closed on May 1, 2023 and was recorded on May 18, 2023. The property has 25,990 square feet of built space and 1,176 square feet of…
The nonprofit Transitional Services for New York through the entity Building Archer Avenue DD Housing Development Fund paid $8.1 million to Jeff Gruebel through the entity 92-18 149th Street Realty Corp. for the mixed-use building (K2) at 148-15 Archer Avenue in Jamaica, Queens and industrial building (E1) at 92-18 149th Street in Jamaica, Queens. The deal closed on May 9, 2023 and was recorded on…
Turnbridge Equities through the entity 2647 Stillwell Avenue Property LLC paid $13 million to the Paolino family through the entity 3285 Management LLC for six properties including the specialty building (Z9) at 2320 Shore Parkway in Gravesend, Brooklyn. The deal closed on May 11, 2023 and was recorded on May 18, 2023. The six properties have 5,000 square feet of built space and 160,760 square…
Brodsky Organization paid $80.3 million to Avery Hall Investments for a development site at 499 President Street in Gowanus, Brooklyn with plans for 350 residential units in a 322,000-square-foot building. Crain’s first reported the sale, noting Avery Hall will retain ownership in the project. At the same time, M&T Bank provided a $155 million construction and acquisition loan. Brodsky bought the site in two transactions…
The total square feet of retail real estate sold in April in New York City was down 51 percent from the same month last year, and also down a more modest 10 percent from March 2023, according to an analysis by PincusCo Media. The analysis includes all commercial property types with at least 1,000 square feet of retail space. For the amount of square feet…
Alfonso Kimche through the entity 18 West 27th Street LLC as borrower signed a initial loan with lender Apple Bank for Savings valued at $5 million for the office building (O6) at 18 West 27th Street in NoMad, Manhattan. This is the first loan Kimche has signed for the property since his entity acquired it in 1964. The deal closed on May 11, 2023 and…
Jaime G. Lopez through the entity 43-34 53rd St LLC as borrower signed a new construction loan with lender Popular Bank valued at $6 million for the 24-unit development (V1) at 43-34 53rd Street in Woodside, Queens. The deal closed on April 27, 2023 and was recorded on May 17, 2023. On the lot, there is one active new building construction project for a 24-unit,…
Witnick Real Estate Partners through the entity 212 E 29th Partners LLC as borrower signed a refi loan with lender Arbor Realty Trust through the entity Arbor Agency Lending, LLC valued at $6.2 million for the 13-unit residential walkup building (C7) at 212 East 29th Street in Kips Bay, Manhattan. The deal closed on May 11, 2023 and was recorded on May 17, 2023. The…
Luce Popaj through the entity 773 Grote LLC as borrower signed a new construction loan with lender NorthEast Community Bank valued at $6.5 million for the 34-unit project at 773 Grote Street in Belmont, Bronx. The deal closed on April 20, 2023 and was recorded on May 17, 2023. The prior lender was NorthEast Community Bank which held debt that had an original loan amount…
Anthony Schloss through the entity Crupal, LLC paid $2.4 million to Francisco Hernandez through the entity 361 Van Brunt LLC for the three-unit mixed-use building (S3) at 361 Van Brunt in Red Hook, Brooklyn. The deal closed on May 11, 2023 and was recorded on May 17, 2023. The property has 2,520 square feet of built space according to a PincusCo analysis of city data….
Pasquale DeBenedictis through the entity 15 A Acquisition II LLC paid $7.3 million to Z+G Property Group through the entity ZG Avenue A LLC for the five-unit mixed-use building (K4) at 15 Avenue A in East Village, Manhattan. The property was renovated to change from a three-unit to a five-unit. The plan was filed with the New York City Department of Buildings on September 5,…
Brooklyn commercial real estate sales in the first quarter of 2023 declined by only 15 percent compared with the same period a year ago, but declined 38 percent from the fourth quarter of 2022, according to a PincusCo Media analysis of city transaction data. The top buyers in the first quarter were Rockrose Development with two purchases, Avanath Capital Management with one purchase, Dermot with…
Naomi Lebovits and George Lebovits through the entity Ahava Nostrand, LLC as borrower signed a initial loan with lender Dime Community Bank valued at $7.5 million for the retail building (K1) at 2577-2601 Nostrand Avenue in Flatlands, Brooklyn. The deal closed on May 1, 2023 and was recorded on May 16, 2023. The property has 16,000 square feet of built space and 1,385 square feet…
KPG Funds through the entity 30 Warren Retail Condo Owner LLC as borrower signed a refi loan with lender Ready Capital through the entity Readycap Commercial, LLC valued at $9 million for the retail condo at 102 Chambers Street in Tribeca, Manhattan. The deal closed on May 9, 2023 and was recorded on May 16, 2023. The prior lender was Ready Capital which held debt…
The Gindi family’s ASG Equities through the entity Blue Millennium Realty LLC as borrower signed a initial loan with lender Bank of America valued at $31.9 million for the retail building (K3) at 19-25 Church Street in Financial District, Manhattan. The deal closed on May 11, 2023 and was recorded on May 16, 2023. The property has 49,109 square feet of built space and 74,518…
Congregation Meor Hatfilah paid $1.7 million to Salvatore Lo Faso for the mixed-use building (S1) at 5916 20th Avenue in Borough Park, Brooklyn. The deal closed on May 5, 2023 and was recorded on May 16, 2023. The property has 2,480 square feet of built space and 20 square feet of additional air rights for a total buildable of 2,500 square feet according to a…
The entity 2627 Webster LLC with registration agent Genti Rrahmani paid $1.8 million to Elliot Steinmetz for the 16-unit residential walkup building (C1) at 2627 Webster Avenue in Fordham Manor, Bronx. The deal closed on May 10, 2023 and was recorded on May 16, 2023. The property has 11,935 square feet of built space and 1,220 square feet of additional air rights for a total…
Jaspal Singh Minhas through the entity Pritam Realty LLC paid $3.1 million to Lorraine Medina through the entity Anged Realty Corp for the gas station (G4) at 88-20 Astoria Boulevard in Jackson Heights, Queens. The deal closed on May 8, 2023 and was recorded on May 16, 2023. The property has 2,379 square feet of built space and 17,598 square feet of additional air rights…
