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…
Peak Capital Advisors through the entity 799 Manhattan Owner LLC paid $3.7 million to Harriett Mont and Paula Beldengreen through the entity 799 Manhattan Avenue Brooklyn, LLC for mixed-use building (K4) at 799 Manhattan Avenue in Greenpoint, Brooklyn. The deal closed on March 17, 2023 and was recorded on March 30, 2023. The property has 5,200 square feet of built space and 2,300 square feet…
The nonprofit Voices of Community Activists and Leaders paid $4 million to Philip Castagliola through the entity 300 Douglas Realty LLC for the industrial building (E1) at 300 Douglass Street in Gowanus, Brooklyn. To finance the purchase and renovation of the building, the nonprofit obtained a mostly tax-free bond proceeds of $8.1 million. The deal closed on March 23, 2023 and was recorded on March…
Lai Tin Yam through the entity Laitin1 LLC paid $5.7 million to Platinum Realty Associates through the entity 71 Yellowstone LLC for the mixed-use building (K4) at 67-05 Fresh Pond Road in Ridgewood, Queens. The deal closed on March 11, 2022 and was recorded on March 30, 2023. The property has 11,780 square feet of built space and 10,339 square feet of additional air rights…
Gandolfo DiFiore through the entity Trabucca, LLC as borrower signed a initial loan with lender Santander Bank valued at $11.6 million for two residential walkup properties including the 40-unit residential walkup building (C1) at 30-60 48th Street in Astoria, Queens and the 40-unit residential walkup building (C1) at 30-70 48th Street in Astoria, Queens. The deal closed on March 17, 2023 and was recorded on…
Lexin Capital through the entity Lexin NY 815 LLC as borrower signed a refi loan with lender Metropolitan Commercial Bank valued at $47 million for the Hyatt House hotel (H1) at 815 Sixth Avenue in Chelsea, Manhattan. The deal closed on March 14, 2023 and was recorded on March 29, 2023. The prior lender was Aareal Capital which held debt that had an original loan…
Wildflower Ltd. through the entity WF Industrial X LLC as borrower signed a new construction loan with lender PIMCO through the entity PCRED II Holding XVII LLC valued at $94 million for the vacant property with an address of 28-10 Whitestone Expressway in College Point, Queens. On the lot, there is one active new building construction project for a 252,298 square-foot warehouse (S-1) building. The…
Chatam Management through the entity Loganville Equities LLC paid $6.5 million to Kenneth Moslin through the entity 1352 Associates LLC for three walkup buildings including the 13-unit residential walkup building (C7) at 1344 St. Nicholas Avenue in Washington Heights, Manhattan, 13-unit residential walkup building (C7) at 1352 St. Nicholas Avenue in Washington Heights, Manhattan, and 12-unit residential walkup building (C7) at 1348 St. Nicholas Avenue…
Peak Capital Advisors through the entity 112 4th Owner LLC paid $9.7 million to Caroline Frankenfield through the entity 112 Fourth Avenue, L.L.C. for six-unit residential elevator building (D2) at 112 Fourth Avenue in Greenwich Village, Manhattan. The deal closed on March 16, 2023 and was recorded on March 29, 2023. The property has 13,969 square feet of built space according to PincusCo analysis of…
Weitao Shi through the entity Central Realty LIC LLC paid $10 million to Antranig Uckardes through the entity 43-05 Crescent Realty Corp. for industrial building (G2) at 43-05 Crescent Street in Long Island City, Queens. The deal closed on March 21, 2023 and was recorded on March 29, 2023. The property has 4,405 square feet of built space and 22,509 square feet of additional air…
Mordehy ‘Moti’ Haber through the entity DNY2 153 Norfolk LLC paid $16 million to Ronen Glazer and David Beit-Halachmy through the entity 153-155 Norfolk Street, LLC for the 50-unit residential elevator building (D1) at 153 Norfolk Street in the Lower East Side, Manhattan. The deal closed on March 21, 2023 and was recorded on March 29, 2023. The property has 22,500 square feet of built…
Zhi Xiang Lin through the entity 323 S5 LLC paid $2.8 million to Alyssa Maria Rivera and Hiram Luis Oquendo Jr. for the three-unit building (C0) at 323 South 5th Street in Williamsburg, Brooklyn. The deal closed on March 14, 2023 and was recorded on March 29, 2023. The property has 4,556 square feet of built space and 715 square feet of additional air rights…
UPDATED March 30, 2023: Mordehy “Moti’ Haber through the entity DNY2 109 Ludlow LLC as borrower signed an acquisition loan with lender Israel Discount Bank valued at $15 million for two properties including the 50-unit residential elevator building (D1) at 153-155 Norfolk Street in Lower East Side, Manhattan and 24-unit residential walkup building (C7) at 109-111 Ludlow Street in Lower East Side, Manhattan. The deal…
Ismailj Demirovic through the entity I & Aee Demiri Realty LLC paid $3.6 million to Bethlehem Lutheran Church for the 32-unit walkup (C1) at 419 Ovington Avenue in Bay Ridge, Brooklyn. The deal closed on March 22, 2023 and was recorded on March 28, 2023. The property has 25,650 square feet of built space according to the PincusCo analysis of city data. The sale price…
Chaim Yosef Abramson through the entity 1395 Dean Street LLC paid $3.6 million to Neil Tepper through the entity Prince Dean, LLC for the 25-unit walkup building (C5) at 1395 Dean Street in Crown Heights, Brooklyn. The deal closed on March 22, 2023 and was recorded on March 28, 2023. The property has 7,500 square feet of built space and 3,615 square feet of additional…
The Leser Group and David Marom through the entity Elem 340 LLC as borrower signed a new construction loan with lender Ponce Bank valued at $58 million for the 65-unit project at 609 Second Avenue in Kips Bay, Manhattan. On the lot, there is one active new building construction project for a 65—unit, 66,200 square-foot R-2 building. The project was developed by David Marom with…
