Yeshiva Har Torah as borrower signed a refi loan with lender Build NYC Resource Corporation valued at $13.8 million for two specialty condominium units at 250-10 Grand Central Parkway in Glen Oaks, Queens. The deal closed on March 1, 2023 and was recorded on March 16, 2023. The two properties have 49,164 square feet of built space according to PincusCo analysis of city data. The…
The Japanese company General Holdings Co. through the entity General Holdings Co., Ltd. paid $4.4 million to Michio Fukuda for the six-unit residential walkup building (C2) at 401 12th Street in South Slope, Brooklyn. The deal closed on March 1, 2023 and was recorded on March 16, 2023. The property has 3,798 square feet of built space and 3,700 square feet of additional air rights…
Jack Bick of Charatan Realty paid $9.8 million to Solow Realty for two rental buildings with a total of 112 units in Bayswater, Queens in two separate transactions. In the first, Jack Bick of Charatan Realty through the entity JB Hartman LLC paid $5.8 million to Solow Realty & Development through the entity Bayswater Terrace Corp. for 72-unit residential walkup building (C9) at 10-01 Hartman…
Maheshchand M. Ratanji through the entity Bronx River Hotel LLC paid $6 million to Joseph Yunatanov through the entity 3551 Boston Associates LLC for development building (V1) at 869 Concourse Village West in Concourse Village, Bronx. On the lot, there is one active new building construction project for a 85-unit, 27,920 square-foot hotel (R-1) building. The project was developed by Joseph Yunatanov with plans filed…
The entity 323 West 89 Ablatos LLC paid $6.1 million to Cynthia Arlia and Luigi Arlia through the entity 323 West 89th Street, L.L.C. for the 10-unit residential walkup building (C1) at 323 West 89th Street in Upper West Side, Manhattan. The deal closed on March 13, 2023 and was recorded on March 16, 2023. The property has 7,120 square feet of built space and…
Property owner Esmaeil Hosseinipour as president of the company Hova Management Group filed a bankruptcy petition to halt a foreclosure sale of four Jamaica, Queens properties at 92-08 175th Street to 92-14 175th Street valued at $4.8 million. This is the second bankruptcy the property owners have filed since the lender Maspeth Federal Savings filed the original pre-foreclosure action 10 years ago to the month….
EPR Properties, a Kansas City-based real estate investment trust that focuses on experiential and entertainment assets, through the entity EPR Fitness, LLC, paid $43.3 million to Cayuga Capital Management (1 Nassau Owner LLC) for the mixed-use building (K2) at 1 Nassau Avenue in Williamsburg, Brooklyn. Cayuga built the building in 2021 which is leased to Vital Climbing Gym. The deal closed on February 28, 2023…
Risland Holdings through the entity Risland New York LLC as borrower signed a loan with lender Emerald Creek Capital (ECC Court Square LLC) valued at $60.5 million for 84 unsold condominium units at the 801-unit residential condo at 23-15 44th Drive in Long Island City, Queens. The main developer for the condo building was United Construction & Development Group. The deal closed on March 8,…
Georgios Kelesidis through the entity Nikki Suites LLC as borrower signed a loan with lender Webster Bank valued at $13.1 million for the 93-unit residential elevator building (D7) at 874 Willoughby Avenue in Bedford Stuyvesant, Brooklyn. The deal closed on March 7, 2023 and was recorded on March 15, 2023. The property has 73,717 square feet of built space according to a PincusCo analysis of…
J&J Farms Creamery through the entity J&J Maspeth Owner LLC as borrower signed a loan with lender CDK Lending LLC valued at $22.5 million for the industrial building (E1) at 57-48 49th Place in Maspeth, Queens. The deal closed on March 9, 2023 and was recorded on March 15, 2023. The property has 57,430 square feet of built space and 78,880 square feet of additional…
Hang Dong Zhang and Jing An through the entity Gbv Steinway Realty LLC paid $10.7 million to Zengwen Ye through the entity Prince Club LLC for the hotel building (H3) at 24-40 Steinway Street in Astoria, Queens. The deal closed on February 21, 2023 and was recorded on March 15, 2023. The property has 14,236 square feet of built space for a total buildable of…
Sunlight Development Group through the entity 131 Sanford Avenue Property LLC paid $13 million to the Kupferberg family’s Vlissengen Properties, LLC for the mixed-use building (K4) at 42-06 College Point Boulevard in Flushing, Queens. The deal closed on February 24, 2023 and was recorded on March 15, 2023. The property has 21,500 square feet of built space according to a PincusCo analysis of city data….
Success Academy through the entity 153 Hillside Ave., LLC paid $30 million to Carol Joy Family Properties LLC and C. Joy Family Properties LLC for 11 properties including the industrial building (G8) at 153-12 Hillside Avenue and 153-01 Hillside Avenue in Jamaica, Queens. The deal closed on March 14, 2023 and was recorded on March 15, 2023. The 11 properties have 24,900 square feet of…
Merchants Bank of Indiana filed a $36.8 million pre-foreclosure action against an affiliate of Abraham Leifer’s Aview Equities, which owns the 28-unit mixed-use building, 19 West 55th Street in Midtown West. Abraham Leifer’s Aview Equities, through the entity 19 W 55 LLC, bought the building in 2017 for $50 million from Solly Assa, which followed a settlement Assa and the City of New York signed…
Avishai Abrahami, the Israeli tech entrepreneur who founded website design company Wix.com, filed his third law suit tied to a $30 million loan he made in 2020 to HFZ Capital Group as that company’s finances were crumbling. This new suit, similar to a previous one in state court, alleges fraud on behalf of Nir Meir, but now adds Meir’s attorney from Holland & Knight. The…
Maguire Capital Group in two transactions bought two notes with a combined original principal of $10.5 million from Hirshmark Capital, with the loans secured by Dimitri Vlahakis properties in Brooklyn. To finance the transactions, Maguire Capital Group borrowed an undisclosed amount from Lightstone Group’s lending arm, Lightstone Capital. In the lager deal, Maguire Capital Group through the entity Maguire Bay Ridge LLC bought a note…
Muqbel Shaibi through the entity 185 Starr LLC paid $2.6 million to Jorge Ruiz for the five-unit mixed-use building (S9) at 58 Irving Avenue in Bushwick, Brooklyn. The deal closed on February 28, 2023 and was recorded on March 14, 2023. The property has 5,175 square feet of built space and 900 square feet of additional air rights for a total buildable of 6,075 square…
SBH Community Service Network, also known as Sephardic Bikur Holim, paid $3.2 million to James Haddad through the entity 1963 McDonald Owner LLC for mixed-use building (K2) at 1963 McDonald Avenue in Gravesend, Brooklyn. The deal closed on February 28, 2023 and was recorded on March 14, 2023. The property has 13,617 square feet of built space according to PincusCo analysis of city data. The…
Namdar Realty Group and Klosed Properties through the entity 315 E58 Bh LLC paid $3.7 million to Per Von Scheele through the entity Pernilla LLC for 10-unit residential walkup building (C5) at 315 East 58th Street in Sutton Place, Manhattan. The deal closed on March 1, 2023 and was recorded on March 14, 2023. The property has 8,630 square feet of built space and 16,472…
Terreno Realty Corporation through the entity Terreno 9th St. LLC paid $23 million to Carlos Escobar through the entity 9th St. Management, LLC for the industrial building (F1) at 42-11 9th Street in Long Island City, Queens. The deal closed on March 6, 2023 and was recorded on March 14, 2023. The property has 105,000 square feet of built space according to PincusCo analysis of…
