Robert N. Braun through the entity West68 LLC paid $3.9 million to Melene Nahodil and Neal Hidalgo through the entity 41 West 68, LLC for the nine-unit residential walkup building (C5) at 41 West 68th Street in Lincoln Square, Manhattan. The deal closed on May 2, 2023 and was recorded on May 16, 2023. The property has 5,651 square feet of built space and 1,572…
Maxwell Lawrence Real Estate Trust paid $4.2 million to Maurice Kavanagh through the entity Mksz Realty, Inc. for the 28-unit residential walkup building (C1) at 1342 St. Lawrence Avenue in Soundview, Bronx. The deal closed on May 10, 2023 and was recorded on May 16, 2023. The property has 20,620 square feet of built space according to a PincusCo analysis of city data. The sale…
Thor Equities reduced its stake in the 258,639-square-foot NoMad office building 245 Fifth Avenue from approximately 50 percent to 7 percent, while the Moinian Group’s stake in the building rose from approximately 50 percent to 93 percent, according to a filing made in the Tel Aviv Stock Exchange. The filing indicated that the change was the result of a $20 million loan to Joseph Sitt’s…
The Moinian Group and Bushburg Properties have an agreement to sell the 467-unit rental building known as PLG at 123 Linden Boulevard in Flatbush, Brooklyn for $325 million to $335 million, according to a filing the Moinian Group made last month with the Tel Aviv Stock Exchange. The filing did not disclose the buyer. The full-service building that the partners developed, opened in the fall…
Salvatore Lucchese through the entity 3015 Apartments LLC as borrower signed a refi loan with lender Popular Bank valued at $6 million for the 41-unit residential elevator building (D1) at 30-15 33rd Street in Astoria, Queens. The deal closed on April 26, 2023 and was recorded on May 15, 2023. The prior lender was JPMorgan Chase which held debt that had an original loan amount…
Yosef Nazar through the entity 130 West 37th Street Assets LLC as borrower signed a refi loan with lender Bank Hapoalim valued at $12 million for three properties including the retail building (O6) at 36 West 36th Street in Garment District, Manhattan, office building (O5) at 130 West 37th Street in Garment District, Manhattan, and retail building (K2) at 976 Sixth Avenue in Garment District,…
RiseBoro Community Partnership through the entity Riseboro Tpt 10 LLC as borrower signed a rehab construction loan with lender Citizens Bank valued at $24.7 million for six properties with 56 residential units including the 16-unit walkup building (C6) at 113-115 Linden Street in Bushwick, Brooklyn, 16-unit walkup building (C6) at 109-111 Linden Street in Bushwick, Brooklyn, and six-unit walkup building (C6) at 160 Bleecker Street…
The nonprofit Every Day is a Miracle through the entity Every Day Is A Miracle Holdings LLC paid $1.9 million to Mikel Dekaj through the entity 810 E. 165 LLC for the six-unit residential walkup building (C2) at 810 East 165th Street in Morrisania, Bronx. The deal closed on April 27, 2023 and was recorded on May 15, 2023. The property has 5,688 square feet…
Paul Basile through the entity Spb 12 Holdings LLC paid $2.2 million to Salvatore Scala estate through the entity Gowanus Greens LLC for the specialty building (Z9) at 121 12th Street in Gowanus, Brooklyn. The deal closed on May 11, 2023 and was recorded on May 15, 2023. The property has zero square feet of built space and 12,132 square feet of additional air rights…
Aira Jewels through the entity Aira Assets, LLC paid $3.6 million to Nassimi Realty through the entity Nassimi Condos, Inc. for an office condo at 10 West 46th Street in Midtown West, Manhattan. The deal closed on April 26, 2023 and was recorded on May 15, 2023. The property has 3,400 square feet of built space according to a PincusCo analysis of city data. The…
Zhuang Hong Lin and Xing Yan Zheng through the entity Din Fung Estate Union 3408 LLC paid $4.2 million to Joung Ja Choi and Shea Sun Choi through the entity Choi, Joung Ja for the mixed-use building (K2) at 34-08 Union Street in Flushing, Queens. The deal closed on May 5, 2023 and was recorded on May 15, 2023. The property has 5,875 square feet…
$3.9M Brownsville bankruptcy: Bankruptcy petitioner Ray Jones seeks to sell the property at 405 Rockaway Parkway in Brownsville, Brooklyn, impacted by the maturity of a 10-year loan and 12 landlord-tenant court cases in the 31-unit building. Jones values the property in the petition at $3.9 million. Ridgewood Savings Bank provided a loan in 2013 with an original principal of $1.98 million. The building has been…
Gili Haberberg through the entity Canterbury 108, LLC as borrower signed a refi loan with lender Angel Oak Commercial Lending valued at $18.5 million for the 48-unit residential elevator building (D1) at 204 West 108th Street in Upper West Side, Manhattan. This is the first instance of Angel Oak as a lender in New York City according to a PincusCo analysis of city data. The…
Ronald Ji through the entity 50-11 Queens Boulevard, LLC as borrower signed a refi loan with lender Cathay Bank valued at $20 million for the 75-unit residential elevator building (D7) at 50-11 Queens Boulevard in Sunnyside, Queens. The deal closed on April 28, 2023 and was recorded on May 12, 2023. The prior lender was Popular Bank which held debt that had an original loan…
Avery Hall Investments through the entity 204 4th Avenue LLC as borrower signed a new construction loan with lender Square Mile Capital Management through the entity SM Tactical Finance III-E LLC valued at $79.8 million for the 193-unit project at 204 4th Avenue in Gowanus, Brooklyn. On the lot, there is one active new building construction project for a 193-unit, 161,490 square-foot R-2 building. The…
John Macropoulos through the entity Eism LLC paid $3 million to Anthony Pugliese through the entity Apx2 LLC for the two-unit mixed-use building (S2) at 341 Smith Street in Carroll Gardens, Brooklyn. The deal closed on May 9, 2023 and was recorded on May 12, 2023. The property has 3,224 square feet of built space according to a PincusCo analysis of city data. The sale…
Zhang Wu and Xu Zhang Wu paid $3.6 million to the AAFE Community Development Fund through the entity Community Homes Housing Development Fund Co., Inc. for the retail building (K2) at 93-03 Roosevelt Avenue in Jackson Heights, Queens and retail building (K2) at 93-05 Roosevelt Avenue in Jackson Heights, Queens. The deal closed on April 21, 2023 and was recorded on May 12, 2023. The…
Forkosh Development Group paid the Hood family $12 million for three walkup properties on a block of East 61st Street in Lenox Hill, Manhattan in three separate transactions. The properties are 122, 124 and 130 East 61st Street. There are two single-family properties at 126 and 128 East 61st Street. In the first, Forkosh Development Group through the entity 130 East 61st Street, LLC paid…
Lender Benefit Street Partners seeks $29 million it alleges Toby Moskovits and Michael Lichtenstein owe through a guaranty, following the Quadrum Global purchase of the Williamsburg Hotel at 96 Wythe Street out of bankruptcy last month for $96 million. The transfer price was $96 million, but the Benefit Street lawsuit said of a total payoff due of $117 million, Benefit Street was paid nearly $88…
Carlyle Group through the entity Townhouse Rental II, L.L.C. paid $2.1 million to Joseph Aghelian through the entity 648 Chauncey Properties 2017 LLC for the three-unit building (C0) at 525A Quincy Street in Bedford Stuyvesant, Brooklyn. The deal closed on May 12, 2023 and was recorded on May 19, 2023. The property has 2,800 square feet of built space and 533 square feet of additional…
