Slope Asset Management through the entity 350 Seventh, LLC paid $3.8 million to Georgina M. Tufano’s Gna LLC for the four-unit mixed-use building (S4) at 350 7th Avenue in South Slope, Brooklyn. The deal closed on March 21, 2023 and was recorded on March 23, 2023. The property has 4,011 square feet of built space and 840 square feet of additional air rights for a…
RFR Holding and Waterfall Asset Management through the entity Astor Retail Condominium LLC acquired the retail condominium unit at the Astor at 235 West 75th Street on the Upper West Side, Manhattan at a transfer price of $38.7 million from Vanbarton Group’s Astor Retail Strategic Venture LLC in a deed-in-lieu transaction. The deal closed on March 15, 2023 and was recorded on March 23, 2023….
Concord Hospitality through the entity Concord Panorama Chelsea Hotel LLC paid $48.4 million to Robert Chun’s We-Care Trading Co., Ltd., for the Cambria Hotel New York – Chelsea (H3) at 123 West 28th Street in Chelsea, Manhattan. The deal closed on March 13, 2023 and was recorded on March 23, 2023. The property has 55,411 square feet of built space according to a PincusCo analysis…
Hung Pin Hung through the entity 881 Lexington Avenue LLC as borrower signed a refi loan with lender TD Bank valued at $7.2 million for the 24-unit residential elevator building (D6) at 881 Lexington Avenue in Bedford Stuyvesant, Brooklyn. The deal closed on March 14, 2023 and was recorded on March 22, 2023. The prior lender was Investors Bank which held debt that had an…
Joseph Alexander through the entity 1240 Edward Grant LLC as borrower signed a refi loan with lender H&O Capital Funding through the entity 1240 El Grant Highway LLC valued at $23.6 million for the retail building (K1) at 1240-1250 Edward L Grant Highway in Mt Eden, Bronx. The deal closed on February 10, 2023 and was recorded on March 22, 2023. The property has 26,000…
Jeff Sutton’s Wharton Properties through the entity 506 Utica Ave LLC paid $6.7 million to Samuel Frankel through the entity Utica Management Corporation for the retail building (K1) at 506 Utica Avenue in East Flatbush, Brooklyn. The deal closed on March 16, 2023 and was recorded on March 22, 2023. The property has 9,000 square feet of built space and 38,880 square feet of additional…
Allied Realty & Development through the entity Allied XXXIII LLC paid $10.2 million to Carol Mae Matzel through the entity 20 East 22nd Street, LLC for 23-unit residential elevator building (D3) at 20 East 22nd Street in Flatiron District, Manhattan. The deal closed on March 21, 2023 and was recorded on March 22, 2023. The property has 10,512 square feet of built space and 2,436…
Optimum Properties through the entity 603 Fifth Property Owner, LLC paid $16.2 million to Andrew H. Rosenthal through the entity 603 Fifth Avenue LLC for retail building (K4) at 603 Fifth Avenue in Midtown East, Manhattan. Optimum Properties already owns 605 Fifth Avenue, which it acquired in 1985. The deal closed on March 17, 2023 and was recorded on March 22, 2023. The property has…
In the first, Victor Peng through the entity 134-07 Northern Blvd LLC paid $23.9 million to Robert Mannheimer through the entity Northern-Collins Corporation for industrial building (E9) at 134-01 Northern Boulevard in Flushing, Queens. The deal closed on March 17, 2023 and was recorded on March 22, 2023. The property has 21,925 square feet of built space and 13,490 square feet of additional air rights…
Eight investors are seeking to recover $2 million they claim they invested in a stalled Flushing project at 136-25 41st Avenue led by developers Wing Fung Chau and Hang Zhao. but since 2020 the project has been “experiencing financial difficulties.” The complaint alleges that in February 2023, the managers of the project informed the plaintiffs that they were to surrender their stake for no consideration….
GDSNY through the entity 1241 Broadway LLC as borrower signed a construction loan with lender Deutsche Pfandbriefbank valued at $90 million for the office building (O4) at 1245 Broadway in NoMad, Manhattan. On the lot, there is one active new building construction project for a 140,834 square-foot office (B) building. The project was developed by GDSNY with plans filed August 7, 2018 and permitted June…
Peak Capital Advisors through the entity 520 Union Owner LLC paid $3.2 million to Linda Astore, Frances Farino and others, for the five-unit mixed-use building (S5) at 520 Union Avenue in Williamsburg, Brooklyn. The deal closed on March 15, 2023 and was recorded on March 21, 2023. The property has 5,300 square feet of built space and 2,200 square feet of additional air rights for…
Carlyle Group through the entity Townhouse Rental II, L.L.C paid $3.8 million to Yoram Hakim through the entity 339 Group LLC for the six-unit residential walkup building (C2) at 339 Cornelia Street in Bushwick, Brooklyn. The deal closed on March 15, 2023 and was recorded on March 21, 2023. The property has 4,299 square feet of built space and 560 square feet of additional air…
Andy Fred Wu paid $6.7 million to R.A. Cohen & Associates through the entity 415/22 Associates LLC for the 10-unit residential walkup building (C1) at 415 West 22nd Street in Chelsea, Manhattan. The deal closed on March 7, 2023 and was recorded on March 21, 2023. The property has 3,500 square feet of built space and 947 square feet of additional air rights for a…
TARGO Capital Partners through the entity 225-227 W20 Property Owner LLC paid $13.8 million to Samuel Frisch and Nancy Frisch through the entity 225 West 20th Street, LLC for the 20-unit walkup building (C7) at 227 West 20th Street and the adjacent 10-unit walkup building (C4) at 225 West 20th Street, both in Chelsea, Manhattan. The deal closed on March 15, 2023 and was recorded…
Maddd Equities and SoBro through the entity MK 141 Street Owner LLC paid $44 million to Altmark Group through the entity 825 East 141st Street Property Owner LLC for office building (O6) at 825 East 141st Street in Mott Haven, Bronx and the industrial building (G7) at 804 East 141st Street in Mott Haven, Bronx. The deal closed on March 8, 2023 and was recorded…
Developer Gregg Singer placed the East Village landmarked building at 605 East 9th Street, the former elementary school P.S. 64, into bankruptcy protection two months after a Manhattan state supreme court judge ordered a foreclosure sale of the property. Singer claimed the five-story building has assets and liabilities both above $100 million, and that there would be funds to make payments to the more than…
Related Companies and Sterling Equities, which are planning to construct a 3.3 million square foot mixed-use development in Willets Point, Queens, signed a contract with one of the few remaining private owners of land in the large footprint of the redevelopment. The memorandum was recorded today, and the price was not disclosed. Related and Sterling are developing the Willets Point plan that calls for 2,500…
ELH Mgmt. through the entity 27 Bed Stuy LLC as borrower signed a refi loan with lender Deutsche Bank through the entity DBR Investments Co. Limited valued at $15.2 million for 31 properties including the 20-unit residential walkup building (C1) at 150 Tompkins Avenue in Bedford Stuyvesant, Brooklyn, 13-unit residential walkup building (C7) at 1078 Putnam Avenue in Bedford Stuyvesant, Brooklyn, and 13-unit residential walkup…
Rockabill Development in a partnership with the nonprofit Goddard Riverside through the entity 235 West 107th Street LLC as borrower signed a rehab construction loan with lender JPMorgan Chase valued at $33.1 million for the 95-unit hotel building (HS) at 235 West 107th Street in Upper West Side, Manhattan. The deal closed on March 10, 2023 and was recorded on March 20, 2023. The prior…
