Jacob Fulop paid $15.3 million to Benchmark Real Estate Group for three adjacent walkup buildings, 61, 62 and 65 3rd Place in Carroll Gardens, Brooklyn, that have a total of 24 residential units. The acquisition occurred in three transactions. The purchase was financed with a $12.75 million loan that S3 Capital provided. Benchmark bought the three buildings in 2016 for $12.7 million. In the first,…
The nonprofit Project Renewal, which serves individuals impacted by homelessness and substance abuse, paid $12.5 million to GFP Real Estate through the entity 200 Varick Street De LHC LLC for a commercial condominium unit at 200 Varick Street in Hudson Square, Manhattan. The deal closed on May 1, 2023 and was recorded on May 9, 2023. The signatory for GFP Real Estate was Brian Steinwurtzel….
Lawrence Movtady’s MOVCAP through the entity 1st Avenue Property Owner LLC paid $13.8 million to Leonard Eis through the entity Jeison Realty Corporation for the eight-unit residential walkup building (C7) at 107 1st Avenue in East Village, Manhattan, three-unit mixed-use building (S3) at 105 1st Avenue in East Village, Manhattan, and eight-unit residential walkup building (C7) at 109 1st Avenue in East Village, Manhattan. The…
$3.8M pre-foreclosure on Bronx dev site: An entity affiliated with Robert Lumaj filed to initiate foreclosure proceedings on a development site at 655 Mace Avenue with an alternate address of 2500 Barker Avenue, with plans for a 53-unit building. The new note holder bought the debt from ACRES Capital in January 2023. Abraham Wieder submitted a new building construction project for a 53-unit, 48,452 square-foot…
Lender Argentic Investment Management acquired seven retail condominiums formerly owned by bankrupt real estate investor Barnet Liberman, which are at the base of the Printing House at 421 Hudson Street in the West Village, Manhattan. The transfer had a value of $20.5 million, according to property records filed May 9, 2023. The transfer closed on April 27, 2023. The retail units are on the first,…
Malka Gershomov as nominee for an anonymous buyer bought a note representing junior debt with an original principal of $911,489 from another anonymous individual in the care of Steven Adler as nominee, that was secured by Steven Baharestani and Martin Baharestani’s hotel building (H3) at 29-13 39th Avenue in Long Island City, Queens. The deal closed on April 8, 2022 and was recorded on May…
CBRE Investment Management, Spaxel, and Atalaya Capital Management through the entity Spaxel CBRE Creston LLC as borrower signed a new construction loan with lender First-Citizens Bank & Trust Company valued at $19.8 million for a development site including 2710 Creston Avenue in Fordham Manor, Bronx. On these lots, there is one active new building construction project for a 73-unit, 49,654 square-foot R-2 building. The project…
Carlyle Group through the entity Brooklyn Townhouse Property Owner, L.L.C. paid $2.6 million to Z+G Property Group through the entity ZG 277 Woodbine LLC for the three-unit building (C0) at 277 Woodbine Street in Bushwick, Brooklyn. The deal closed on May 2, 2023 and was recorded on May 8, 2023. The property has 3,120 square feet of built space and 1,740 square feet of additional…
Development firm Shape Capital through the entity 51 Havemeyer Street LLC paid $3.5 million to Yuk Leung Lok through the entity 51 Havemeyer LLC for the likely redevelopment at 51 Havemeyer Street in Williamsburg, Brooklyn. The deal closed on May 1, 2023 and was recorded on May 8, 2023. The property has 3,375 square feet of built space and 4,123 square feet of additional air…
Lili Chen and David Daniel Xie through the entity 13 Friendly LLC paid $3.9 million to Lai Fung Yong through the entity 13 Market Street Inc. for the 17-unit residential walkup building (C7) at 13 Market Street in Chinatown, Manhattan. The deal closed on April 20, 2023 and was recorded on May 8, 2023. The property has 9,375 square feet of built space according to…
The Laboz family’s United American Land through the entity 56 Willoughby LLC paid $6.3 million to Judith Golowa through the entity 56 Willoughby A LLC for the mixed-use building (K4) at 56 Willoughby Street in Downtown Brooklyn, Brooklyn. This is part of a large assemblage the Laboz family has been putting together for about 25 years. The deal closed on May 4, 2023 and was…
Florida investor Gad Janay through the entity 812 Amsterdam Owner LLC paid $25.8 million to Veracity Partners through the entity 812 Amsterdam LLC for the 42-unit mixed-use property at 814 Amsterdam Avenue in Upper West Side, Manhattan. The buyer acquired a leasehold covering the entire building which is divided into a residential rental condominium unit and two retail units. The fee is owned by St….
Joel Schwartz through the entity 102 Frost LLC as borrower signed a refi loan with lender BridgeCity Capital through the entity BridgeCity Hilltop LLC valued at $18.9 million for the development building (V1) at 98-100 Frost Street in Williamsburg, Brooklyn. The deal closed on May 3, 2023 and was recorded on May 8, 2023. The prior lender was Popular Bank which held debt that had…
Reuben Brothers through their entity Motcomb Estates filed to foreclose on a December 2019 loan with an original principal of $62.5 million secured by the Chatwal hotel at 130 West 44th Street, which the lender says since December 2022 has been in a maturity default. The property is owned by Adams Hotels International and is managed according to property records by Dream Hotel Group. The…
A family-led real estate investment group, Rosen Equities, is suing its former chief financial officer to prevent her from bringing a suit based on, “gender-based hostile work environment, retaliation, and disability discrimination,” and which seeks $25 million. Even as the Rosen Equities suit seeks to block the filing of Melissa Lavin’s suit, it uploaded a purported draft version of her complaint as an exhibit, which…
The owners of a 75 percent stake in the Flatiron Building at 175 Fifth Avenue, in Manhattan, including GFP Real Estate, Sorgente Group and ABS Real Estate Partners, sued the highest bidder for the building, Jacob Garlick’s Virginia-based Abraham Trust. The plaintiffs are seeking $19 million from the trust which defaulted on closing on the court-directed partition sale by not providing a $19 million, 10%…
Lay Assets through the entity 1210 Ocean Parkway LLC as borrower signed a acquisition loan with lender Valley National Bank valued at $12 million for a multi-parcel development site including the property 1206 Ocean Parkway in Midwood, Brooklyn. There are no new building development plans filed for these parcels, according to a PincusCo review of data. The deal closed on April 19, 2023 and was…
Elad Group through the entity El Ad East 74 LLC as borrower signed a new construction loan with lender Valley National Bank valued at $140.3 million for 42-unit residential condominium project at 1299 3rd Avenue in Lenox Hill, Manhattan. On these lots, there is one active new building construction project for a 47-unit, 111,870 square-foot R-2 building. The project was submitted by Elad Group with…
Home Depot through the entity Home Depot U.S.A., Inc. paid $6.5 million to Bridges Development Group through the entity Maurice Avenue Shoppes LLC for the retail building (K1) at 59-25 Maurice Avenue in Maspeth, Queens. The deal closed on April 27, 2023 and was recorded on May 5, 2023. The property has 7,891 square feet of built space and 1,384 square feet of additional air…
Chaim Hager through the entity 444 W 48, LLC paid $7.8 million to Empire Management through the entity 48th Street Holding LLC for the 36-unit residential elevator building (D1) at 444 West 48th Street in Hell’s Kitchen, Manhattan. The deal closed on April 25, 2023 and was recorded on May 5, 2023. The property has 16,355 square feet of built space and 13,855 square feet…
