Transfers

CACHED

Rybak Development pays $4M for dev site in Boerum Hill

Rybak Development through the entity 157 Smith Street LLC paid $4 million to BK Developers and Semyon Vays through the entity Boerum Hill Property Holdings, LLC for the six-unit residential elevator building (D7) at 157 Smith Street in Boerum Hill, Brooklyn. On the lot, there was a major alteration construction project, 321496412, to add two floors to a three-story building for a total of six…

Abraham Brach pays $7.9M to FourLeaf Federal for office condos in Gramercy

Abraham Brach through the entity Sig 305 LLC paid $7.9 million through a real estate owned transaction to FourLeaf Federal Credit Union through the entity Business Services Group 305 2nd Ave., LLC for 20 office condominium units at 305 Second Avenue in Gramercy, Manhattan. The expected use is cash flowing. There are a total of 35 such office condos, most occupied by medical professionals. Above…

Sephardic yeshivah pays $10M to Ashkenazi organization for school in Marine Park

The Sephardic school, Yeshivat Lev Torah, paid $10 million to Yeshivah Rambam, a school with Ashkenazi heritage, for the school building (W2) at 3330 Kings Highway in Marine Park, Brooklyn. The expected use is owner-occupied. The deal closed on March 17, 2026 and was recorded on March 19, 2026. The property has 21,068 square feet of built space and 4,802 square feet of additional air…

Min Wu, Miaoling Lin pay $14.5M for industrial in Long Island City

Min Wu and Miaoling Lin through the entity Mm 21 Holding LLC paid $14.5 million to Eric Chait through the entity 43rd Avenue Enterprises Corp. for the industrial building (F9) at 43-10 21st Street in Long Island City, Queens. Argo Envelope company, which manufactures envelopes and other related paper products, has occupied the building since at least 1991. That 1991 lease deal was negotiated by…

Amstar Group pays $129M to Shorenstein Properties for 225 units, retail in Hudson Yards

Amstar Group and BMC Investments through the entity 515 W 38 HH, LLC paid $129 million to Shorenstein Properties through the entity HY 38-39 Lio LLC for the 225-unit rental building Henry Hall, at 515 West 38th Street in Hudson Yards, Manhattan. The expected use is cash flowing. The purchase was composed of three commercial condominium units, the 179-unit market rate rental unit, the 46-unit…

Borough Developers, Watermark Capital sign $18.5M construction loan with Oak Funding in Bushwick

Borough Developers and Watermark Capital Group through the entity Flushing Holdings NY LLC as borrower signed a new construction loan with lender Oak Funding through the entity Oak Bushwick LLC valued at $18.5 million for the industrial building (G3) at 860 Flushing Avenue in Bushwick, Brooklyn. On the lot, there is one active new building construction project, B01204032, for a 60-unit, 41,303 square-foot R-2 building….

Artifact, Khubani sign $38.2M refi with Genesis Capital for properties in Harlem

Artifact and Ashok Khubani through the entity 1867-1871 Amsterdam Avenue LLC as borrower signed a refi loan with lender Genesis Capital through the entity Genesis Capital, LLC valued at $38.2 million for two properties at 1867 Amsterdam Avenue and at 1871-1873 Amsterdam Avenue in Harlem, Manhattan. On these lots, there are two active new building construction projects and major alteration projects with initial costs more…

ARC Pe obtains $37.9M in debt for bankruptcy acquisition of resi condos on Park Avenue South

UPDATED 3:50 p.m., March 19, 2026: Florida-based ARC Pe through the entity Palm Avenue Hialeah Trust as borrower signed an acquisition loan with lender Centennial Bank  valued at $37.9 million for 10 unsold residential condominium units  at 172 Madison Avenue in Park Avenue South, Manhattan. Tessler Developments lost the condo units in a bankruptcy. The deal closed on March 10, 2026 and was recorded on…

Fred Guindi pays $2.6M to Venn for 6-unit walkup in Bushwick

Fred Guindi through the entity 1062 Halsey Street LLC paid $2.6 million to the one-time co-living company Venn through the entity Venn Halsey Holdings LLC for the six-unit residential walkup building (C2) at 1062 Halsey Street in Bushwick, Brooklyn. The expected use is cash flowing. This is the last of the properties that Venn, which is a software company, owned during an earlier version of…

Zaber Rayan pays $4.3M to Benaim x Partners for 31-unit walkup in Richmond Hill

Zaber Rayan through the entity Richmond Hill 118 LLC paid $4.3 million to Benaim x Partners through the entity 118-16 Realty Corp. for the 31-unit residential walkup building (C1) at 118-16 91st Avenue in Richmond Hill, Queens. The expected use is cash flowing. The deal closed on March 6, 2026 and was recorded on March 18, 2026. The property has 21,000 square feet of built…

Prabjit Singh pays $5.3M to Alain Liebermann for four properties in Arverne

Prabjit Singh through the entity 7424 Almeda LLC paid $5.3 million to Alain Liebermann through the entity Almeda Ave Property LLC for the property (Z9) at 72-58 Elizabeth Avenue, a vacant lot (V1) at 74-24 Almeda Avenue, and another specialty property (Q8) on Burchell Avenue in Arverne, Queens. The deal closed on March 12, 2026 and was recorded on March 18, 2026. The four properties…

Lender Lightstone Group acquires AB Capstone buildings in Astoria with $27.2M transfer value

Lightstone Group, a former lender on the property, through the entity Cre 45-01 Northern Blvd Holdco LLC acquired from AB Capstone through the entity 45-01 Northern LLC in an entity level transfer valued at $27.2 million, the industrial building (G8) at 45-01 Northern Boulevard in Astoria, Queens and industrial building (F9) at 34-08 46th Street in Astoria, Queens. The deal closed on March 13, 2026…

Jack Guttman’s Pearl Realty pays $28M to BrightSpire for LIC office

Pearl Realty Management through the entity 2100 49 Ave LLC paid $28 million to BrightSpire Capital through the entity Brsp Paragon Lic, LLC for the office building (O6) at 21-02 49th Avenue in Long Island City, Queens. The expected use is cash flowing. The deal closed on March 9, 2026 and was recorded on March 18, 2026. The property has 129,087 square feet of built…

RJ Capital, Top Rock put office-to-resi conversion with $71.8M senior debt in bankruptcy to halt UCC auction

RJ Capital Holdings and Top Rock Holdings, who owe $71.8 million in senior debt on a high-profile project to convert and enlarge the office portion of 609 Fifth Avenue in Midtown East, Manhattan, into 66 residential condominium units, yesterday filed a chapter 11 bankruptcy petition in the U.S. Bankruptcy Court’s Southern District of New York to halt a UCC foreclosure auction scheduled for today at…

Bolanos Properties signs $13.7M refi with Chase for six properties in NYC

Bolanos Properties through the entity Bolanos Management & Development LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $13.7 million for six properties with 85 residential units including the 24-unit residential elevator building (D3) at 247 East 33rd Street in Kips Bay, Manhattan, 19-unit residential walkup building (C7) at 33-20 34th Avenue in Astoria, Queens, and eight-unit residential walkup building (C5)…

Delshah Capital signs $14.1M refi with Peapack for 27-unit walkup in Lower East Side

Delshah Capital through the entity Ds 138 Ludlow LLC as borrower signed a refi loan with lender Peapack Private Bank & Trust valued at $14.1 million for the 27-unit residential walkup building (C7) at 138 Ludlow Street in Lower East Side, Manhattan. The deal closed on March 5, 2026 and was recorded on March 16, 2026. The prior lender was Amherst Group which held debt…

Moses Neuman, Melissa Goldberger pay $2.8M for redevelopment site in Pelham Gardens

Moses Neuman and Melissa Goldberger through the entity 2440 Esplande Ave LLC paid $2.8 million to Mordechai Krausz through the entity 2440 Esplanade, LLC for the specialty building (M1) at 2440 Esplanade Avenue in Pelham Gardens, Bronx. The expected use is ground up development. On the lot, there is an active major alteration project, X01355953, for a 70-unit, 24,448 square-foot residential (R-2) building submitted by…

Garbo & Company pays $4.3M for 9-unit walkup in East Williamsburg

Garbo & Company through the entity Olive Apartments LLC paid $4.3 million to an investment group for the nine-unit residential walkup building (C4) at 912 Metropolitan Avenue in East Williamsburg, Brooklyn. The expected use is cash flowing. The deal closed on March 10, 2026 and was recorded on March 17, 2026. The property has 7,020 square feet of built space according to a PincusCo analysis…

Hiwin, McSam sign $110M construction loan with Maxim for 469-unit hotel project in Flushing

Hiwin Group USA and McSam Hotel Group through the entity Hw Hospitality LLC as borrower signed a new construction loan with lender Maxim Capital Group through the entity Maxim Credit Group, LLC valued at $110 million for the 162-unit residential elevator building (D6) at 131-02 40th Road in Flushing, Queens. The developers plan a 19-story, 318,788-square-foot, 469-key hotel (R-1) project through job number 421405642 at…

Hoagy Chen pays $5.8M to Elbogen, Getz for two mixed-use properties in Williamsburg

Hoagy Chen through the entity Golden Fountain Realty Inc. paid $5.8 million to Israel Elbogen and Mordechai Getz through the entity 219 Havemeyer Street LLC for the mixed-use building (K2) at 221 Havemeyer Street in Williamsburg, Brooklyn and mixed-use building (K2) at 219 Havemeyer Street in Williamsburg, Brooklyn. The expected use is cash flowing. The deal closed on March 4, 2026 and was recorded on…