Anbau, Inc. through the entity 1711 Retail, LLC paid $5.8 million to Lockhill Properties’ Acme Holdings LLC for two retail condos at 207 West 79th Street in the Upper West Side, Manhattan. This is Anbau buying an 82 percent stake in the retail. Anbau was the developer of the condo building. The deal closed on March 22, 2023 and was recorded on April 3, 2023….
Avi Szenberg and Jacob Okun through the entity S&O 741 Flushing LLC paid $6 million to the estate of Sylvia Weston through the entity Gregg-Blaine Realty Co. for the specialty building (I9) at 741 Flushing Avenue in Williamsburg, Brooklyn. The deal closed on March 22, 2023 and was recorded on April 3, 2023. The property has 22,430 square feet of built space according to a…
Bar ownersEric Einstein and Justin Buchanan through the entity Trask Radio LLC paid $7.2 million to Premier Equities through Premier 674 Ninth, LLC for the retail building (K2) at 674 9th Avenue in Hell’s Kitchen, Manhattan. The deal closed on March 23, 2023 and was recorded on April 3, 2023. The property has 3,988 square feet of built space and 9,997 square feet of additional…
Mordehy ‘Moti’ Haber through the entity Dny2 109 Ludlow LLC paid $8.8 million to Ronen Glazer’s 109-111 Ludlow Street, LLC for the 24-unit residential walkup building (C7) at 109-111 Ludlow Street in Lower East Side, Manhattan. The deal closed on March 21, 2023 and was recorded on April 3, 2023. The property has 16,812 square feet of built space according to a PincusCo analysis of…
Chaskel Landau through the entity 357 Flatbush Holdings LLC paid $11.6 million to RedSky Capital’s 357 Flatbush SPE, LLC for the two-unit mixed-use building (K4) at 357 Flatbush Avenue in Prospect Heights, Brooklyn. The deal closed on March 29, 2023 and was recorded on April 3, 2023. The property has 17,521 square feet of built space and 7,320 square feet of additional air rights for…
Rockrose Development through the entity BK Acquisition Three L.L.C. paid $160 million to St. Francis College for the landmarked specialty building (W6) at 180 Remsen Street and two neighboring parcels fronting Joralemon Street, all in Brooklyn Heights, Brooklyn. The deal closed on March 31, 2023 and was recorded on April 3, 2023. The three properties have 272,585 square feet of built space and 225,339 square…
Under threat of foreclosure, property owner and developer Rehan Perveez filed to place a single-story retail property at 59-63 North 6th Street in Williamsburg, Brooklyn, into bankruptcy protection. In February 2023, the judge in the foreclosure case ordered the appointment of a referee. In the bankruptcy filing made in U.S. Bankruptcy Court in Brooklyn, Perveez claims the property is worth $26 million. The filing also…
UPDATED: Ponce Bank signed three construction loans totaling $34 million in Brooklyn and Queens with developers Abraham Posner, Roy Moussaieff and Silverline Group. In the largest, Abraham Posner through the entity 65-73 Eckford Realty LLC as borrower signed a new construction loan with lender Ponce Bank valued at $16 million for the 24-unit project at 65 Eckford Street in Greenpoint, Brooklyn. The deal closed on…
Tahl Propp Equities through the entity 1325 Fifth Avenue LLC as borrower signed an initial loan with lender Flushing Bank valued at $9 million for 13 retail condominium units at 1325 and 1330 Fifth Avenue in East Harlem, Manhattan. The deal closed on March 23, 2023 and was recorded on March 31, 2023. The 13 properties have 33,047 square feet of built space according to…
Kenneth Chan through the entity Magsanus LLC as borrower signed a new construction loan with lender CoreVest American Finance Lender valued at $29.5 million for the 52-unit project at 32 India Street in Greenpoint, Brooklyn. On the lot, there is a new building project for a 52-unit, 46,785 square-foot R-2 building developed by Kenneth Chan with plans filed June 28, 2018. The deal closed on…
A member-based vacation club focused on families, Exclusive Resorts, through the entity Real Property 42, LLC as borrower signed a refi loan with lender Apollo Global Management through the entity Acrefi Mortgage Lending, LLC valued at $26.7 million for 12 condominium units at the residential condo building Park Avenue Place at 60 East 55th Street in Midtown East, Manhattan. The deal closed on March 10,…
Dynamic Star through the entity DS Fordham Landing 1 LLC as borrower signed a refi loan with lender Columbia Pacific Advisors through the entity Cpif Lending, LLC valued at $42.5 million for the development parcel (V0) at 320 West Fordham Road in University Heights, Bronx. On the lot, there is one active new building construction project for a 602-unit, 100,000 square-foot R-2 building. The project…
Joseph Sorrentino paid $3.2 million to Dino Tomassetti Jr. for three properties in East Flatbush, Brooklyn in two separate transactions that have a combined buildable square feet of 20,000, according to a PincusCo analysis of city data. In the first, Joseph Sorrentino through the entity Foster Property Group LLC paid $1.6 million to Dino Tomassetti Jr. through the entity 5911 Foster Ave. LLC for specialty…
Arben Zharku, Yleber Zharku, and Rifat Lecaj through the entity 39-12 62nd Street LLC paid $2.8 million to Larry Altschul through the entity P. Altschul Realty LLC for the 17-unit residential walkup building (C1) at 39-12 62nd Street in Woodside, Queens. The deal closed on March 16, 2023 and was recorded on March 31, 2023. The property has 10,000 square feet of built space according…
The influential Congregation Shaare Zion paid $4.8 million to Harry Adjmi through the entity 2050 Ocean Acquisition LLC for the two-family building (B1) at 2050 Ocean Parkway in Gravesend, Brooklyn. This is the congregation’s second purchase on the block in six months. In November 2022, the congregation paid $4.7 million for the adjacent property 2054 Ocean Parkway. Congregation Shaare Zion has a large synagogue at…
The New York City School Construction Authority paid $36.9 million to the Sisters of the Order of St. Dominic, an order within the Roman Catholic Church, for the school building (W2) at 123-15 14th Avenue in College Point, Queens. This is the former St. Agnes Academic High School. The city plans to develop a new high school on the site. The deal closed on March…
The Korein family’s Omnispective Management Corporation sued Vornado Realty Trust claiming that Vornado submitted documents in Acris that include a “fraudulent assignment” in order to reduce the ground rent in Penn Plaza, Manhattan. The Korein family is asking a judge to annul the Acris filing or award $30 million in damages. The ground rent is scheduled to be reset on June 17, 2023, and the…
NorthEnd Equities through the entity Utrecht 48 LLC as borrower signed a refi loan with lender TD Bank valued at $18.8 million for the office building (O5) at 4822 New Utrecht Avenue in Borough Park, Brooklyn. The deal closed on March 28, 2023 and was recorded on March 30, 2023. The prior lender was A10 Capital.The property has 46,349 square feet of built space according…
Gindi Capital, Nakash Holdings, and the Chetrit Group through the entity Red Hook Indu OZ Owner LLC as borrower signed an initial loan with lender UMB Bank as trustee valued at $50.5 million for four development properties including 611, 627 and 659 Smith Street in Red Hook, Brooklyn. The deal closed on March 21, 2023 and was recorded on March 30, 2023. The four properties…
Mona Darwish paid $2.7 million to Michael Mosiello through the entity 471 W140th Street LLC for the five-unit residential walkup building (C2) at 471 West 140th Street in Harlem, Manhattan. The deal closed on March 20, 2023 and was recorded on March 30, 2023. The property has 3,888 square feet of built space and 1,511 square feet of additional air rights for a total buildable…
