Bayrock Capital through the entity 3710 Partners LLC as borrower signed a refi loan with lender Dime Community Bank valued at $40 million for two properties including the hotel building (H2) at 37-10 114th Street in North Corona, Queens and industrial building (G7) at 37-20 114th Street in North Corona, Queens. The deal closed on March 14, 2023 and was recorded on March 20, 2023….
Mohamed A. Hassan through the entity 314 39th St LLC paid $2 million to Elies-Adrian Tapia through the entity Tapia, Elies – Adrian for three-unit mixed-use building (S3) at 314 39th Street in Sunset Park, Brooklyn. This was Hassan’s second purchase in six months, according to PincusCo information. The deal closed on March 8, 2023 and was recorded on March 20, 2023. The property has…
Aran Scott through the entity 359 13th LLC paid $2.5 million to Barbara Z. Michaels for three-unit building (C0) at 359 13th Street in South Slope, Brooklyn. The deal closed on March 6, 2023 and was recorded on March 20, 2023. The property has 2,440 square feet of built space and 2,550 square feet of additional air rights for a total buildable of 5,000 square…
Christopher Merone through the entity 46 Northover Pl LLC paid $3.3 million to the Frank Esposito estate for the three-unit mixed-use building (S3) at 357 Court Street in Carroll Gardens, Brooklyn. The deal closed on March 16, 2023 and was recorded on March 20, 2023. The property has 4,400 square feet of built space according to PincusCo analysis of city data. The sale price per…
Toorak Capital Partners filed a pre-foreclosure action alleging a loan with an original principal of $5.29 million given in 2018 to Victor Battaglia Jr. and secured by a new construction 16-unit project at 245 Franklin Street in Bedford Stuyvesant, Brooklyn, was in default. The property is a construction site with an unfinished, 16-unit project. Victor Battaglia Jr. of Premier Drywall Group Inc submitted a new…
In yet another example of a user buying commercial real estate, the furniture company Raymour & Flanigan paid Infinity Collective and two partners $42 million for two buildings including 2505 Richmond Avenue, that are within a shopping center in New Springville, Staten Island. The parcel includes two big box store buildings (K6) with tenants including Dick’s Sporting Goods and Staples. Raymour & Flanigan is not…
Elchonon Shilian through the entity Hsk7s 1840 LLC as borrower signed a new construction loan with lender Popular Bank valued at $12.5 million for a 53-unit project at 1840 Harrison Avenue in Morris Heights, Bronx. On the lot, there is one active new building construction project for a 53-unit residential (R-2) building. The project was developed by Yoel Kahan with plans filed February 17, 2022….
Aurora Capital Associates through the entity 714 Lex Acquisition LLC as borrower signed a refi loan with lender New York Community Bank valued at $17.7 million for two properties including the retail building (K4) at 714 Lexington Avenue and the mixed-use building (K2) at 720 Lexington Avenue in Midtown East, Manhattan. This loan does not cover the property in between them, 716 Lexington Avenue, owned…
Partners Path through the entity 17-13 Himrod Owner LLC paid $1.7 million to Eric Krantz through the entity 1713 Himrod LLC for the six-unit residential walkup building (C2) at 17-13 Himrod Street in Ridgewood, Queens. The deal closed on March 1, 2023 and was recorded on March 17, 2023. The property has 5,175 square feet of built space according to PincusCo analysis of city data….
ABJ Properties through the entity 32 Ave A Holdings LLC paid $3.8 million to Atkins & Breskin through the entity L & S Properties 1 LLC for three-unit mixed-use building (S3) at 32 Avenue A in Alphabet City, Manhattan. The deal closed on March 9, 2023 and was recorded on March 17, 2023.The property has 4,708 square feet of built space and 1,972 square feet…
David Gold through the entity Pad2 LLC paid $4 million to Filipinas Americas Science And Art Foundation for the specialty building (W3) at 1209 Park Avenue in Carnegie Hill, Manhattan. The deal closed on March 8, 2023 and was recorded on March 17, 2023. The property has 4,724 square feet of built space and 15,280 square feet of additional air rights for a total buildable…
Andy Fred Wu paid $4.7 million to R.A. Cohen & Associates through the entity Ben 22 Associates LLC for eight-unit residential walkup building (C1) at 413 West 22nd Street in Chelsea, Manhattan. The deal closed on March 7, 2023 and was recorded on March 17, 2023. The property has 3,500 square feet of built space and 947 square feet of additional air rights for a…
UPDATED 8:55 a.m., March 20, 2023: The owner of Comedy Cellar through the entity Dwormanco, LLC paid $7.3 million to the McDonald’s Corporation for the shuttered location (K2) at 136 West 3rd Street in Greenwich Village, Manhattan. The Comedy Cellar operates two club locations on the block, at 130 and 132 West 3rd Street, in addition to its main location at 117 MacDougal Street. McDonald’s…
Kenneth Rosenblum paid $23 million to the estate of his mother Bernice Rosenblum for a 50 percent interest in four walkups in SoHo and the West Village that have a total of 110 residential units. The properties were part of a six-building lawsuit Kenneth Rosenblum brought in 2015 against his then-96-year-old mother Bernice Rosenblum, seeking a dissolution and auction sale of the buildings in order…
CB-Emmanuel Realty, a major affordable housing developer, paid $12 million to the West Harlem Community Organization for six residential walkup properties in Harlem with a total of 89 units in two transactions, and borrowed $32.8 million from the Community Preservation Corporation for renovation and maintenance of affordable housing. CB-Emmanuel Realty as beneficial owner acquired the properties in conjunction with the nonprofit Settlement Housing Fund. In…
Prime Group Holdings through the entity Prime Storage Fifth Avenue Harlem, LLC paid $22.9 million to Downtown Capital Partners through the entity 2350 Fifth Avenue Corp. for three industrial properties including at 12 West 142nd Street (E7) and 2350 Fifth Avenue (E7) in Harlem, Manhattan. The deal closed on March 15, 2023 and was recorded on March 17, 2023. The three properties have 141,962 square…
An anonymous buyer through the entity YW11 Trust paid $26.8 million to Alicia Harper and Philip Harper through the entity 271 West 11th Street LLC for the 11-unit residential walkup building (C1) at 271 West 11th Street in West Village, Manhattan. The building was marketed as a potential single-family and the sale price per foot indicates that’s likely. The deal closed on March 9, 2023…
By Adam Pincus UPDATED 1:16 p.m., March 17, 2023: Thor Equities, ASB Real Estate Investments and other partners sold the SoHo retail building at 155 Mercer Street formerly leased to Dolce & Gabbana, for approximately $60 million to the James Dyson investment holding company, according to property records. The sale closed this week. The buyer was Weybourne Properties I LLC, an affiliate of James Dyson’s…
Son Dinh Tran through the entity 214 West 30th LLC as borrower signed a refi loan with lender Patriot Bank valued at $8.7 million for the 11-unit residential elevator building (D5) at 214 West 30th Street in Chelsea, Manhattan. The deal closed on February 23, 2023 and was recorded on March 16, 2023. The prior lender was S3 Capital which held debt that had an…
Guy Peleg through the entity 711-717 Grand LLC as borrower signed a new construction loan with lender Valley National Bank valued at $14 million for the two-unit mixed-use building (S2) at 717 Grand Street in Williamsburg, Brooklyn. On the lot, there is a new building project for a 25-unit, 25,215 square-foot R-2 building developed by Idan Magen with plans filed February 17, 2022 and it…
