Catholic Charities Brooklyn & Queens through the entity Mary’s Hall, Inc. paid $6 million to Platinum Realty Associates through the entity 107-65 LLC for the mixed-use building (K9) at 107-67 Merrick Boulevard in Jamaica, Queens. The deal closed on April 25, 2023 and was recorded on April 26, 2023. The property has 11,308 square feet of built space and 5,549 square feet of additional air…
Jeffrey Shemia through the entity 54 East 66th Street Residence LLC paid $10.3 million to Peter Smith and Patricia Smith through the entity Hmpp Associates for the three-unit 1-4 family building (C0) at 54 East 66th Street in Lenox Hill, Manhattan. The deal closed on April 18, 2023 and was recorded on April 26, 2023. The property has 4,940 square feet of built space and…
Sage Hall Partners through the entity 46 Turtle Bay LLC acquired the former AKA United Nations hotel with $99 million in debts, through a foreclosure auction this month. The prior owners were Shorewood Real Estate Group and Prodigy Network who lost the 95-unit hotel building (HS) at 234 East 46th Street in Grand Central, Manhattan following a foreclosure, 850006/2021. The deal closed on April 25,…
Michael Dell’s MSD Partners bought $200 million in Safehold shares, at the same time as Safehold and iStar executed a complex $1.6 billion merger. The transaction was completed on March 31, 2023, and New York City portion was recorded in city records yesterday in 13 transactions. Safehold invests in ground leased fee positions. The $200 million MSD Partners investment was reported by Safehold as well…
Yaakov Lefkowitz through the entity Townsend Partners LLC as borrower signed a refi loan with lender Spencer Savings Bank valued at $10 million for the 35-unit development at 1677 Townsend Avenue in Mt Hope, Bronx. On the lot, there one new building construction project for a 35-unit, 23,173 square-foot R-2 building. The project was submitted by Lefko Capital Group and filed by Yaakov Lefkowitz with…
Cayre Equities through the entity CS 122 West 146th Street LLC as borrower signed a refi loan with lender TD Bank valued at $25.5 million for the industrial building (E1) at 122 West 146th Street in Harlem, Manhattan. The deal closed on April 17, 2023 and was recorded on April 25, 2023. The prior lender was TD Bank which held debt that had an original…
Aron Karpen through the entity 130 E 165 Holdings LLC paid $3.4 million to estate of Barry Kallenberg for the 75-unit development site at 130 East 165th Street in Concourse, Bronx. On the lot, there is one active new building construction project for a 75-unit, 40,812 square-foot R-2 building. The project was submitted by Jacob Kohn with plans filed August 30, 2022 and it has…
Vipin Garg through the entity Denali Estate, LLC paid $4 million to Peter K. Ting through the entity The Scene Realty Inc. for the two-unit mixed-use building (S2) at 405 East 57th Street in Sutton Place, Manhattan. This is the second property Vipin Garg has purchased on the block. Garg bought 401 East 57th Street, a similar mixed-use property on the corner of First Avenue,…
Kassin Sabbagh Realty through the entity 4225 White Plains Road Bx LLC paid $4.3 million to Howard Hua through the entity E & G (NY) Realty LLC for the retail building (K1) at 4225 White Plains Road in Wakefield, Bronx. PincusCo reported this week that Kassin Sabbagh Realty paid Bluestone Group $23.4 million for retail and a garage in Elmhurst, Queens. The deal closed on…
Michael Mangan through the entity 332 Lenox LLC paid $4.8 million to Daniel Hupert through the entity 332 East 74 Management LLC for the 11-unit residential walkup building (C1) at 332 East 74th Street in Lenox Hill, Manhattan. The deal closed on April 20, 2023 and was recorded on April 25, 2023. The property has 7,786 square feet of built space and 2,227 square feet…
Joseph Riegler through the entity 822 Dumont Millennium LLC paid $5.4 million to America Come Back To God Evangelistic Church for the school building (W2) at 822 Dumont Avenue in East New York, Brooklyn. The deal closed on April 19, 2023 and was recorded on April 25, 2023. The property has 19,000 square feet of built space according to a PincusCo analysis of city data….
Zevi Kohn through the entity Riverdale SNF LLC as borrower signed a loan with lender Greystone & Co. valued at $85.8 million for the property at Schervier Rehabilitation & Nursing Center at 2975 Independence Avenue in Riverdale, the Bronx. The deal closed on April 4, 2023 and was recorded on April 24, 2023. The property has 283,842 square feet of built space according to a…
Gatsby Enterprises through the entity Prince Street Holdings 1 LLC as borrower signed a refi loan with lender First Republic Bank valued at $7.2 million for the 38-unit residential elevator building (D9) at 202 6th Avenue in SoHo, Manhattan. The deal closed on February 8, 2023 and was recorded on April 24, 2023. The prior lender was Capital One which held debt that had an…
Yakup Imir through the entity J.A.Shamosh LLC as borrower signed a refi loan with lender Provident Bank valued at $10 million for the industrial building (E9) at 1138 Linwood Street in East New York, Brooklyn. The deal closed on March 28, 2023 and was recorded on April 24, 2023. The prior lender was TD Bank which held debt that had an original loan amount of…
Gibraltar Management Company through the entity 499 Fifth Avenue LLC paid $1.9 million to Botsaris Morris Realty Group through the entity Breeaad Slope, LLC for the retail building (K1) at 499 5th Avenue in South Slope, Brooklyn. The deal closed on April 19, 2023 and was recorded on April 24, 2023. The property has 2,037 square feet of built space and 4,072 square feet of…
Carlyle Group through the entity Townhouse Rental II, L.L.C. paid $2.4 million to Amy Wheeler and George Basore Jr. for the two-family building (B3) at 241 Lexington Avenue in Bedford Stuyvesant, Brooklyn. The deal closed on April 20, 2023 and was recorded on April 24, 2023. The property has 2,100 square feet of built space and 1,232 square feet of additional air rights for a…
Isamar Margareten through the entity 481-483 Dekalb LLC paid $4.6 million to Urban View Development Group through the entity 364 Lafayette Avenue I LLC for the two parcel development site at 481 and 483 Dekalb Avenue in Bedford Stuyvesant, Brooklyn. The deal closed on April 20, 2023 and was recorded on April 24, 2023. The two properties have 7,260 square feet of built space and…
Joseph Maio through the entity Karen Realty Corp. paid $4.7 million to Witnick Real Estate Partners through the entity 131 5th Partners LLC for the five-unit mixed-use building (S5) at 131 5th Avenue in Park Slope, Brooklyn. The deal closed on April 20, 2023 and was recorded on April 24, 2023. The property has 5,200 square feet of built space according to a PincusCo analysis…
Developer Joyland Group through the entity North Williamsburg Corner Kent LLC paid $5.5 million to Gary Zimberg through the entity Zep Group LLC, for the industrial building (F4), a possible development site, at 15-19 Wythe Avenue in Williamsburg, Brooklyn. The deal closed on April 17, 2023 and was recorded on April 24, 2023. The property has 5,000 square feet of built space and 4,999 square…
Witnick Real Estate Partners through the entity 195 E 4th Partners LLC paid $5.8 million to Kushner Companies through the entity 195 East Fourth Owner LLC for the 18-unit residential walkup building (C4) at 195 East 4th Street in Alphabet City, Manhattan. The deal closed on March 22, 2023 and was recorded on April 24, 2023. The property has 8,975 square feet of built space…
