Cayuga Capital Management through the entity 1 Nassau Manager LLC acquired an interest from Barbara Hershman through the entity Rjb Re Holding Inc. valued at $24.8M for mixed-use building (K2) at 1 Nassau Avenue in Williamsburg, Brooklyn. Cayuga in 2017 paid the same Hershman entity $3.46 million for a deed covering the property. In the subsequent years, Cayuga developed a new building at the site,…
Urban View Development Group through the entity 418 East 75 Street LLC as borrower signed a loan with lender Terra Capital Partners through the entity Terra Solid Capital Ltd valued at $13 million for the 10-unit project at 418 East 75th Street in Lenox Hill, Manhattan. Robert Michaeli of Brooklyn B Company Group submitted a major alteration application for the building at 420 East 75…
HKS Capital Partners through the entity 171 & 173 E. 205th Realty, LLC as borrower signed a new construction loan with lender Valley National Bank valued at $14.8 million for the 64-unit development at 171-173 East 205th Street in Bedford Park, Bronx. On the lot, there is one active new building construction project for a 64-unit, 39,966 square-foot R-2 building. The project was developed by…
Rockrose Development through the entity Tribeca Pointe L.L.C. as borrower signed a refi loan with lender Wells Fargo valued at $138.7 million for the 340-unit residential elevator building (D8) at 399 Chambers Street in Battery Park City, Manhattan. The deal closed on February 17, 2023 and was recorded on March 7, 2023. The prior lender was Fannie Mae which held debt that had an original…
Anthony Grigos and Basil Capetanakis through the entity 1812 Basil Menahan Realty LLC paid $2.6 million to Israel Valentin through the entity Suite Sixteen Realty Corp for the 16-unit residential walkup building (C1) at 18-12 Menahan Street in Ridgewood, Queens. The deal closed on February 24, 2023 and was recorded on March 7, 2023. The property has 13,600 square feet of built space according to…
Dhiren Mehta through the entity Om LLC paid $6.1 million to Samuel Schreiber through the entity B-Hattan, Inc. for the 15-unit residential elevator building (D1) at 304 West 102nd Street in the Upper West Side, Manhattan. The deal closed on February 28, 2023 and was recorded on March 7, 2023. The property has 9,850 square feet of built space and 252 square feet of additional…
Brenda Geller through the entity 110 Mt Hope LLC paid $6.2 million to Steve Rotberg and Mindelle Rotberg through the entity Ope Holding Corp. for the 54-unit residential elevator building (D1) at 110 Mount Hope Place in Mt Hope, Bronx. The deal closed on March 1, 2023 and was recorded on March 7, 2023. The property has 46,000 square feet of built space and 29,250…
Hershy Silberstein through the entity Cyh 810 LLC paid $6.4 million to Charlotte Kuey through the entity 810 East 170th Street Realty Corp. for the industrial building (E1) at 810 East 170th Street in East Morrisania, Bronx. The deal closed on February 28, 2023 and was recorded on March 7, 2023. The property has 34,488 square feet of built space according to PincusCo analysis of…
Eun Rae Jo through the entity Jdss Property LLC paid $9.6 million to Kenneth Rosenblum, Steven Rosenblum, and the estate of Bernice Rosenblum for the 12-unit residential walkup building (C4) at 117 Waverly Place in Greenwich Village, Manhattan. The deal closed on March 2, 2023 and was recorded on March 7, 2023. The property has 12,205 square feet of built space according to PincusCo analysis…
Feige Oberlander paid $1.3 million for the 20-foot wide development parcel (V0) at 540 Willoughby Avenue in Bedford Stuyvesant, Brooklyn, through a foreclosure auction. The prior owner was a company controlled by Danny Siony, which acquired title in 2008 to then three-family home, through a no-consideration deed transfer. The building has been troubled for nearly 20 years, according to city records with building violations and…
The map below covers commercial loans recorded last week in Acris, as PincusCo Media tracks the transactions. It includes the borrower, the lender, the loan amount and the number of residential units, if any. The loans are color-coded to reflect the sale price.
The map below covers commercial sales recorded last week in Acris, as PincusCo Media tracks the transactions. It includes the buyer, the seller, the sale price and the number of residential units, if any. The sales are color-coded to reflect the sale price.
Oleksandr Nad through the entity 2652 E 18 Street, LLC as borrower signed a refi loan with lender Emerald Creek Capital through the entity Emerald Creek Capital 3, LLC valued at $8.7 million for the 18-unit condominium project at 2652 East 18th Street in Sheepshead Bay, Brooklyn. The deal closed on March 2, 2023 and was recorded on March 6, 2023. The prior lender was…
Atlantic Development Group through the entity 203 Street North LLC as borrower signed a new construction loan with lender M&T Bank valued at $38.6 million for the development (V0) at 263 East 203rd Street in Bedford Park, Bronx. On the lot, there is one active new building construction project for a 87,140 square-foot school (E) building. The project was submitted by Peter Fine of Atlantic…
L&L Holding Company through the entity Third Avenue Tower Owner, LLC as borrower signed a refi loan with lender Credit Agricole through the entity Credit Agricole Corporate And Investment Bank valued at $160 million for the office building (O4) at 600 Third Avenue in Murray Hill, Manhattan. The deal closed on March 2, 2023 and was recorded on March 6, 2023. L&L Holding Company’s prior…
John Lyristakis through the entity JSM 25-53 LLC paid $3.9 million to Maria Peculic through the entity 32-78 & 80 Steinway Street Realty Corp for the 22-unit residential walkup building (C7) at 32-78 Steinway Street in Astoria, Queens. The deal closed on February 23, 2023 and was recorded on March 6, 2023. The property has 13,200 square feet of built space and 315 square feet…
Jenny Zhu through the entity Connexion 8 LLC paid $4 million to Ping Yeung and Qiu Hui Lin through the entity CA Plaza LLC for two retail condominium units at 36-16 Main Street in Flushing, Queens. The deal closed on February 7, 2023 and was recorded on March 6, 2023. The two properties have 3,376 square feet of built space according to PincusCo analysis of…
Arthur Vayner through the entity 2769 Coney Island Realty LLC paid $4.3 million to Jack Aini through the entity 2769 Coney Island Avenue Holding LLC for the mixed-use retail and office building (K4) at 2769 Coney Island Avenue in Sheepshead Bay, Brooklyn. The deal closed on February 27, 2023 and was recorded on March 6, 2023.The property has 11,760 square feet of built space according…
Moshe Khoshkheraman through the entity Dovero 2 LLC paid $10 million to Pasquale J. Coppolecchia and Amalia Coppolecchia through the entity Dovero Realty Corp for two 18-unit residential walkup buildings (C7) at 1725 and 1727 Second Avenue in Yorkville, Manhattan. The properties are at the corner of East 89th Street. The deal closed on March 1, 2023 and was recorded on March 6, 2023. The…
Frank Tehrani and Payam Moradof through the entity La Casa Tua LLC paid $11.1 million to Lois Witkoff and the estate of Martin L. Birnbaum for the mixed-use building (K1) at 47-07 Broadway in Astoria, Queens. The broker handling the sale marketed the property as a development site. This is not the buyers first acquisition together. Frank Tehrani and Payam Moradof partnered to buy a…
