W&L Group through the entity Viewpoint One LLC acquired 36 residential condominium units with a value of $37.5 million from Myint Kyaw’s bankrupt Victoria Towers Development Corp. at 133-38 Sanford Avenue in Flushing, Queens. W&L Group was the contractor on the 99-unit condo project that has a current sellout price of $129.9 million. Myint Kyaw, who also uses the name Jeffrey Wu, submitted the condo…
SKF Development through the entity 189 & 193 E. 205th Realty, LLC as borrower signed a new construction loan with lender Valley National Bank valued at $17.9 million for the 88-unit development site at 189-193 East 205th Street in Bedford Park, Bronx. Plans for an 88-unit, 48,731 square-foot residential (R-2) building were submitted by Richard Hertz on February 23, 2021 and permitted November 3, 2022….
Paramdeep Singh through the entity Premier Hotels LLC as borrower signed a refi loan with lender Yellowstone Real Estate Investments through the entity YS West 47 Lender LLC valued at $44.5 million for the hotel building (H3) at 59 West 46th Street in Midtown West, Manhattan. The deal closed on February 28, 2023 and was recorded on March 3, 2023. The prior lender was Benefit…
Djalil Bassaly and Andy Bassaly through the entity 31 Astoria Drive LLC paid $4 million to Lin Chiu through the entity 2342 31 Dr Astoria LLC for the development site at 23-42 31st Drive in Astoria, Queens. The deal closed on February 27, 2023 and was recorded on March 3, 2023. The seller bought the property on March 10, 2020, for $3.7 million. The signatory…
Hotel owner Jin Sup An through the entity Soho New York Lodging, LLC paid $5 million to Michael Kontokosta through the entity Kace Realty 43, LLC for the six-unit mixed-use building (S9) at 43 West 54th Street in Midtown West, Manhattan. The deal closed on February 24, 2023 and was recorded on March 3, 2023. The property has 5,802 square feet of built space and…
James Juliano of Gen Holdings NY through the entity 29-14 122nd Street, LLC paid $6.2 million to Janka Giouroukos through the entity Lavrio Realty LLC for industrial building (F9) at 29-14 122nd Street in College Point, Queens. The deal closed on February 15, 2023 and was recorded on March 3, 2023. The property has 11,400 square feet of built space and 26,693 square feet of…
UPDATED 9:39 a.m., March 9, 2023: Boston-based Taurus Investment Holdings and A24 through the entity Cherry Lane Venue LLC paid $10 million to Angelina Fiordellisi through the entity The Little Goddess, Inc. for the eight-unit residential walkup building (C7) at 42 Commerce Street in West Village, Manhattan, 1-4 family building (A4) at 36 Commerce Street in West Village, Manhattan, and specialty building (J5) at 38…
Lucille Lortel Theater through the entity Lucille Lortel Theatre Foundation, Inc. paid $5.4 million to Cheryl B. Kramer through the entity Dutchess Bingo, LLC for the mixed-use building (K4) at 134 West 18th Street in Chelsea, Manhattan. The deal closed on February 28, 2023 and was recorded on March 3, 2023. The property has 5,290 square feet of built space and 7,448 square feet of…
Gorjian Real Estate Group, Namdar Realty Group, and Ivan Hakimian through the entity 36th HY LLC as borrower signed a refi loan with lender Webster Bank valued at $7 million for the mixed-use building (K4) at 468 Ninth Avenue in the Garment District, Manhattan. The deal closed on January 23, 2023 and was recorded on March 2, 2023. The prior lender was Sterling National Bank…
Emanuel Westfried’s Astoria Crescent Owner LLC as borrower signed a refi loan with lender Webster Bank valued at $44 million for the new construction office building 30-14 Crescent Street in Astoria, Queens. On these lots, there is a new building construction project for a 91,400 square-foot office (B) building. The project was submitted by Juan Quevedo-Bosch with plans filed January 5, 2018 and permitted April…
Aurora Capital Associates through the entity 2 Ninth Avenue Partners LLC as borrower signed a refi loan with lender Webster Bank valued at $50 million for the office building (O5) at 2 Ninth Avenue in the Meatpacking District, Manhattan. Aurora Capital Associates’s loan closed on February 22, 2023 and was recorded on March 2, 2023. The prior lender was Webster Bank which held debt that…
Yanjuan Chen through the entity Us Hopefluent LLC paid $1.95 million to Anthony Siy and Rosita Siy for the eight-unit residential walkup building (C1) at 140-25 33rd Avenue in Flushing, Queens. The deal closed on February 23, 2023 and was recorded on March 2, 2023. The property has 5,470 square feet of built space according to PincusCo analysis of city data. The sale price per…
Jacob Fulop through the entity 569 4th Ave Lofts LLC paid $2 million to the estate of Zofia Piekielny for the two-family building (B9) at 569 4th Avenue in South Slope, Brooklyn. The deal closed on February 14, 2023 and was recorded on March 2, 2023. The property has 1,800 square feet of built space and 10,893 square feet of additional air rights for a…
Carlyle Group through the entity Townhouse Rental II, L.L.C. paid $2 million to Joseph Yaakovzadeh through the entity 249 Bricks LLC for the two-family building (B2) at 68 Linden Street in Bushwick, Brooklyn. The deal closed on February 24, 2023 and was recorded on March 2, 2023. The property has 3,200 square feet of built space and 1,660 square feet of additional air rights for…
Amy Bennett, owner of the Greene Grape wine store, paid $6.75 million to Phillip Myers for two mixed-use buildings in Fort Greene in two separate transactions. The Greene Grape already occupies the spaces as a tenant. This transaction is another example of a user buying a building, a trend that has increased with the rise in interest rates. In the first, Amy Bennett through the…
Meadow Partners, a private equity investment manager with real estate in the United States and Europe, acquired 18 New York City buildings last year through 11 transactions for a total of $437 million. Most of the deals were in partnership with a local operator. The 18 buildings were part of 13 tax lots. The firm’s dollar volume put it at number 13 in the PincusCo…
Maverick Real Estate Partners acquired control of the Chetrit Group‘s 300-key hotel project at 255 West 34th Street in the Garment District, Manhattan. For tax purposes the transfer was valued at $104.5 million. Maverick acquired the controlling position through the entity Penn Hotel Junior LLC while Chetrit Group turned it over through the entity JCMC West 34 Mezz II LLC. Maverick bought the defaulted $110…
Yoel Zagelbaum as signatory for four separate entities borrowed a total of $104.4 million from Mizuho Bank which paid down a total of $89.4 million provided by Bear Creek Asset Management, in four separate transactions in Brooklyn, Manhattan and the Bronx. In the largest, Yoel Zagelbaum through the entity Hanson Street Propco LLC as borrower signed a refi loan with lender Mizuho Bank through the…
Dov Rabinowitz’s Superior Realty Group through the entity 7101 Colonial Apts. LLC paid $2.5 million to Chaya Wolhendler as trustee for the three-unit building (C0) at 1333 48th Street in Borough Park, Brooklyn. The deal closed on February 23, 2023 and was recorded on March 1, 2023. The property has 2,480 square feet of built space and 2,383 square feet of additional air rights for…
DAX Real Estate through the entity 128 Franklin Owner LLC paid $3.6 million to Laraine Bronn through the entity Rldv Property LLC for the three-unit mixed-use building (S3) at 128 Franklin Street in Greenpoint, Brooklyn. The deal closed on January 23, 2023 and was recorded on March 1, 2023. The property has 4,274 square feet of built space according to PincusCo analysis of city data….
