Transfers

Joel Schwartz through the entity 2700 Atlantic Ny LLC as borrower signed a new construction loan with lender Cross River Bank valued at $42 million for the 227-unit development (V1) at 2700 Atlantic Avenue in East New York, Brooklyn. On the lot, there is one active new building construction project for a 227-unit, 158,730 square-foot R-2 building. The project was submitted by Joel Schwartz and…

Sovereign Partners through the entity T56 Owners, LLC as borrower signed a acquisition loan with lender Deutsche Pfandbriefbank valued at $71.2 million for the office building (O4) at 126 East 56th Street in Midtown East, Manhattan. Sovereign Partners bought the property for $113 million at the same time. The deal closed on April 4, 2023 and was recorded on May 2, 2023. The prior lender…

Menachem Wilhelm through the entity 916 Brooklyn LLC paid $5.2 million to Steve Tiamfook and Russell Evelyn for the 39-unit residential walkup building (C7) at 916 Brooklyn Avenue in East Flatbush, Brooklyn. The deal closed on April 24, 2023 and was recorded on May 2, 2023. The property has 39,000 square feet of built space according to a PincusCo analysis of city data. The sale…

Amir Khan through the entity Amir Family Realty LLC paid $7 million to the Bokhour family through the entity Capri Realty Company for the retail building (K1) at 168-02 Hillside Avenue in Jamaica, Queens. Based on the price paid, this is likely a development site. The deal closed on April 24, 2023 and was recorded on May 2, 2023. The property has 7,184 square feet…

Peak Capital Advisors through the entity 230 72nd Owner LLC paid $7.5 million to Mark Niederman through the entity Stemar Group, LLC for the seven-unit residential elevator building (D7) at 230 West 72nd Street in Lincoln Square, Manhattan. The deal closed on April 17, 2023 and was recorded on May 2, 2023. The property has 11,580 square feet of built space according to a PincusCo…

Quadrum Global through the entity Quadrum Bk LLC paid $96 million to buy the Williamsburg Hotel (H2) at 96 Wythe Avenue in Williamsburg, Brooklyn through a bankruptcy process. The developer and former owner Heritage Equity Partners had placed the property into bankruptcy in 2021. The deal closed on April 17, 2023 and was recorded on May 2, 2023. The property has 78,215 square feet of…

Sovereign Partners through the entity T56 Owners, LLC paid $113 million to Pearlmark through the entity Tower 56 Real Estate Owner, L.L.C. for the office building (O4) at 126 East 56th Street in Midtown East, Manhattan. The deal closed on April 4, 2023 and was recorded on May 2, 2023. The property has 171,591 square feet of built space according to a PincusCo analysis of…

Martin Schwartz through the entity Carroll Place Realty LLC as borrower signed a refi loan with lender Greystone & Co. through the entity Greystone Servicing Company LLC valued at $5.9 million for the 80-unit residential walkup building (C1) at 1112 Carroll Place in Concourse Village, Bronx. The deal closed on April 25, 2023 and was recorded on May 1, 2023. The prior lender was Flagstar…

VAJA Group through the entity Stebbins Owner LLC as borrower signed a refi loan with lender JLL through the entity JLL Real Estate Capital, LLC valued at $29.3 million for the development site (V1) at 1420 Stebbins Avenue in East Morrisania, Bronx. On the lot, there is one active new building construction project for a 73-unit, 53,929 square-foot R-2 building. The project was submitted by…

The data infrastructure company Hylan through the entity 54-35 48th St. Realty LLC paid $4 million to the Parisi family for the industrial building (G1) at 54-35 48th Street in Maspeth, Queens. The deal closed on April 3, 2023 and was recorded on May 1, 2023. The property has 2,000 square feet of built space and 19,187 square feet of additional air rights for a…

UPDATED 9:20 a.m., November 14, 2024: Omri Bar-Mashiah through the entity 75 Eighth LLC paid $4.3 million to Robert Spontak and Helen Spontak for the five-unit residential walkup building (C2) at 75 8th Avenue in Park Slope, Brooklyn. The deal closed on April 20, 2023 and was recorded on May 1, 2023. The property has 5,528 square feet of built space and 480 square feet…

The nonprofit HCS through the entity Human Care Services For Families And Children Inc. paid $5 million to Marianne Bertuna through the entity Madison Marianna Estates, LLC for the six-unit residential walkup building (C2) at 1770 to 1772 61st Street in Bensonhurst, Brooklyn. The deal closed on April 27, 2023 and was recorded on May 1, 2023. The property has 7,609 square feet of built…

Alma Realty through the entity Getty Industries LLC paid $10.6 million to Sentinel Real Estate through the entity 5008 Broadway LLC for the 50-unit residential elevator building (D7) at 5008 Broadway in Inwood, Manhattan. The deal closed on April 27, 2023 and was recorded on May 1, 2023. The property has 48,576 square feet of built space according to a PincusCo analysis of city data….

Black Spruce Management and Orbach Affordable Housing Solutions through the entity 265 East 66th Hamilton LLC paid $402.6 million to Solow Realty & Development through the entity Townhouse Company II, L.L.C. for the 322-unit residential elevator building (D6) at 1261 Second Avenue in Lenox Hill, Manhattan. The deal closed on April 20, 2023 and was recorded on May 1, 2023. The property has 490,652 square…