Hafedh Alsaedi through the entity 702 Rockaway Realty LLC paid $6.2 million to Uri Dreifus and Zev A. Salamon through the entity 702 Rockaway Avenue LLC for the 18-unit residential walkup building (C7) at 702 Rockaway Avenue in Brownsville, Brooklyn. The deal closed on April 19, 2023 and was recorded on April 24, 2023. The property has 18,000 square feet of built space according to…
Investor claims owners seek to sell $55M Gramercy rental: An individual who alleges he invested $250,000 in the $55.5 million purchase in 2016 of the 56-unit mixed-use rental building at 51 Irving Place, in Gramercy, claims the owners including Springhouse Partners want to sell the property “at a loss.” Court filings represent the positions of one party and are not necessarily accurate or complete. Springhouse…
Stonehenge NYC and partner Carlyle Group through the entity 408 East 92nd Street Owner, L.L.C. paid $114 million to UBS Realty Investors through the entity Rivereast Apartments Investors LLC for the 196-unit residential elevator building (D6) at 408 East 92nd Street in Yorkville, Manhattan. Carlyle Group is one of the most active buyers of real estate in New York City, with a particular focus on…
Chaim Simkowitz’s Guardian Realty through the entity 3710 13 LLC as borrower signed a refi loan with lender Webster Bank valued at $10 million for two commercial condominium units at 3710 13th Avenue in Borough Park, Brooklyn. The property is Ezra Medical Center. The deal closed on March 30, 2023 and was recorded on April 21, 2023. The signatory for Guardian Realty was Chaim Simkowitz….
Solomon Rubin through the entity St. Marks Brooklyn Associates LLC as borrower signed a refi loan with lender Dwight Capital valued at $50 million for the specialty building (I5) at 800 St Marks Avenue in Crown Heights, Brooklyn. The deal closed on April 4, 2023 and was recorded on April 21, 2023. The prior lender was Andrews Federal Credit Union which held debt that had…
Nan Lin and Ya Chen through the entity 260 Wyckoff Ave LLC paid $2.3 million to Benjamin Nien-Yung Chang for the four-unit mixed-use building (S4) at 260 Wyckoff Avenue in Bushwick, Brooklyn. The deal closed on April 10, 2023 and was recorded on April 21, 2023. The property has 4,125 square feet of built space and 740 square feet of additional air rights for a…
Ya Chen through the entity Orange Beach, LLC paid $2.4 million to Nicholas Sciortino through the entity 57-34 Myrtle Avenue LLC for the two-unit mixed-use building (S2) at 57-34 Myrtle Avenue in Ridgewood, Queens. The deal closed on April 17, 2023 and was recorded on April 21, 2023. The property has 3,750 square feet of built space and 1,456 square feet of additional air rights…
Sure We Can through the entity Swc 219 Owner LLC paid $2.6 million to Otto Perez through the entity Exitoperez LLC for the specialty parcel (Z9) at 219 McKibbin Street in East Williamsburg, Brooklyn. The nonprofit already occupied the space. The deal closed on March 30, 2023 and was recorded on April 21, 2023. The property has zero square feet of built space and 13,000…
Kwang On Bang through the entity Central Bk Properties Corp. paid $4.3 million to John Budis through the entity Jbs Steinway LLC for the two-unit mixed-use building (S2) at 30-26 Steinway Street in Astoria, Queens. The deal closed on April 14, 2023 and was recorded on April 21, 2023. The property has 5,500 square feet of built space and 1,377 square feet of additional air…
Kassin Sabbagh Realty, also known as KSR Capital, paid $23.4 million to the Bluestone Group for two retail condominium units in 90-02 Queens Boulevard, and a nearby garage, in Elmhurst, Queens. The sale was completed in three separate transactions, one for each of the condo units. Bluestone Group bought the debt on the 260,000 square foot 90-02 Queens Boulevard and the garage properties in July…
Triangle Services through the entity LPF Realty-Maspeth 80 LLC paid $13.1 million to the Parisi family for the industrial building (E1) at 54-37 48th Street in Maspeth, Queens. The deal closed on March 31, 2023 and was recorded on April 21, 2023. The property has 8,000 square feet of built space and 71,769 square feet of additional air rights for a total buildable of 79,744…
Abraham Grunhut through the entity Broadway Halsey Lofts LLC as borrower signed a new construction loan with lender Popular Bank valued at $9 million for the development building (V1) at 1587-1591 Broadway in Bushwick, Brooklyn. On the lot, there is a new building project for a 18-unit, 17,849 square-foot R-2 building submitted by Greenrock Funding and filed by Abraham Greenhut with plans filed March 16,…
Aron Schwartz through the entity 2711 Fulton LLC as borrower signed a new construction loan with lender Ponce Bank valued at $16 million for a 60-unit project at 2711 Fulton Street in Cypress Hills, Brooklyn. On these lots, there is one active new building construction project for a 60-unit, 44,125 square-foot R-2 building. The project was submitted by Aron Schwartz and filed by Aron Schwartz…
Arden Group through the entity Aqozfi Inwood, LLC as borrower signed a new construction loan with lender Banco Inbursa valued at $150 million for the development building (V1) at 4650 Broadway in Washington Heights, Manhattan. On the lot, there is one active new building construction project for a 222-unit, 258,443 square-foot R-2 building. The project was submitted by Arden Group and filed by Joseph Caruso…
Chetan Singh through the entity 178-18 107 LLC paid $4 million to Dorf Associates through the entity Ruscoe Properties, Inc. for the industrial building (E1) at 178-18 107th Avenue in Jamaica, Queens. The deal closed on April 5, 2023 and was recorded on April 20, 2023. The property has 16,000 square feet of built space and 6,194 square feet of additional air rights for a…
Hiuian Cheng through the entity Nomad West 27th Street LLC paid $4.5 million to Gimia Ma through the entity 101 West 27th Street Equities, Inc. for the four-unit mixed-use building (S4) at 101 West 27th Street in Chelsea, Manhattan. Cheng bought 103 West 27th Street in 2020 for $6.6 million. The deal closed on April 6, 2023 and was recorded on April 20, 2023. The…
Collegiate School through the entity 301 Freedom Place South, LLC paid $10 million to Extell Development through the entity Extell Riverside II LLC for the retail condo at 50 Riverside Boulevard in Lincoln Square, Manhattan. The deal closed on April 11, 2023 and was recorded on April 20, 2023. The property has 9,265 square feet of built space according to a PincusCo analysis of city…
InterVest Capital Partners paid $60 million to Taconic Partners and Clarion Partners for 14 buildings with a total of 503 units in the Bronx in seven separate transactions. The purchase was financed with a loan from Webster Bank totaling $47.5 million. InterVest is the company formerly known as Wafra. In the first transaction, InterVest Capital Partners through the entity Icp Gerard LLC paid $12.8 million…
New York University paid $97.5 million to Sand Associates for the office building (O5) at 400 Lafayette Street in NoHo, Manhattan. The deal closed on April 18, 2023 and was recorded on April 20, 2023. The property has 93,048 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $1,047 per the PincusCo analysis….
Real estate developer Tim Ziss of Allied Properties filed a bankruptcy petition to preserve his contract to buy the office building and potential development parcel at 14 East 52nd Street in Midtown, despite not closing within the set date of April 10, 2023. He filed the petition in U.S. Bankruptcy Court in Brooklyn yesterday under the index 1-23-41364-ess. The building is adjacent to Harry Macklowe’s…
