Loketch Group through the entity Prospect Grand Holdings LLC paid $2.5 million to E&M Builders Group through the entity 399 Prospect Condos LLC for the development site (V1) at 399 Prospect Place in Crown Heights, Brooklyn. The deal closed on February 9, 2023 and was recorded on February 27, 2023. The property has zero square feet of built space and 5,460 square feet of additional…
Santo Petruso through the entity 25-70 Realty LLC paid $3.1 million to Jorge J. Bolanos through the entity Vida 2570 Realty LLC for the 16-unit residential walkup building (C1) at 25-70 37th Street in Astoria, Queens. The deal closed on February 21, 2023 and was recorded on February 27, 2023. The property has 10,736 square feet of built space according to PincusCo analysis of city…
Dinesh Jain through the entity Mehar Realty LLC paid $3.5 million to Justin Gorjian, Kevin Gorjian, Behrouz B. Hakimian, and Joe Hakimian through the entity Bbh Properties LLC for an office condo unit at 10 West 46th Street in Midtown West, Manhattan. The deal closed on February 15, 2023 and was recorded on February 27, 2023. The property has 3,400 square feet of built space…
Braddock Financial through the entity Stout Street Fund I, LP acquired at a value of $4.1 million from the foreclosed on Halifax Group, six rental properties including the three-unit building (C0) at 436 Sapphire Street in East New York, Brooklyn, three-unit building (C0) at 438 Sapphire Street in East New York, Brooklyn, and three-unit building (C0) at 1429 Stanley Avenue in Lindenwood, Brooklyn. The deal…
Moti Haber through the entity Dny1 434-436 E. 76th LLC paid $9.8 million to David Harounian, Bita Sassouni, and Hercil Harounian through the entity Hdeki LLC (and others) for the 20-unit walkup building (C4) at 434 East 76th Street and the 19-unit residential walkup building (C4) at 436 East 76th Street in Lenox Hill, Manhattan. Moti Haber often signs documents using the name Mordehy Haber….
Solomon Schwimmer through the entity Lawrence Heights Holdings LLC paid $22.5 million to Chuen Po Kao and Jacqueline Kao through the entity Ching-Tien Realty Inc. for the mixed-use building (K4) at 150-154 Lawrence Street in Downtown Brooklyn, Brooklyn. The deal closed on February 16, 2023 and was recorded on February 27, 2023. The property has 19,437 square feet of built space and 40,419 square feet…
The Flatiron Building moved a step closer to a partition sale to resolve a partnership dispute between a group with a 75 percent stake in the building, the Sorgente Group, GFP Real Estate and ABS Real Estate Partners, and Nathan Royce Silverstein, an investor with a 25 percent stake. They own the property in the tenant-in-common structure. The building is an individual city Landmark located…
Hirshmark Capital through the entity 68 Henry Funding LLC bought a note with an original principal of $4.8 million from 1Sharpe Capital that acquired it from Quanta Finance, secured by Moshe Katlowitz’s seven-unit residential elevator building (D1) at 573 Meeker Avenue in Greenpoint, Brooklyn. On the lot, there was a new building construction project for a seven-unit, 7,654 square-foot R-2 building. The project was developed…
Bruman Realty through the entity Bayard Holdings LLC as borrower signed a refi loan with lender Webster Bank valued at $25 million for the new 46-unit building at 146 Bayard Street in Greenpoint, Brooklyn. On the lot, there was a new building construction project for a 46-unit, 31,371 square-foot residential (R-2) building. The project was developed by Solomon Feder with plans filed August 24, 2017…
Heller Properties through the entity Spring Street Co. LLC as borrower signed a refi loan with lender Apple Bank for Savings valued at $28.3 million for the office building (O6) at 72 Spring Street in SoHo, Manhattan. The deal closed on February 16, 2023 and was recorded on February 24, 2023. The prior lender was Apple Bank for Savings which held debt that had an…
Eling Zhang through the entity Legend 8024 Realty LLC paid $1.9 million to Antonella Bartoli through the entity 8204 18th Avenue LLC for retail building (K2) at 8204 18th Avenue in Bensonhurst, Brooklyn. The deal closed on February 15, 2023 and was recorded on February 24, 2023. The property has 3,672 square feet of built space according to PincusCo analysis of city data. The sale…
Carlyle Group through the entity Townhouse Rental II, L.L.C. paid $2.4 million to Joseph Aghelian through the entity 231 Cornelia LLC for the three-unit building (C0) at 231 Cornelia Street in Bushwick, Brooklyn. The deal closed on February 16, 2023 and was recorded on February 24, 2023. The property has 2,565 square feet of built space and 2,052 square feet of additional air rights for…
Yoel Goldenberg paid $3 million to Yeshiva U-Mesivta Toras Emes Kamenitz for the office building (O5) at 5715 16th Avenue in Borough Park, Brooklyn and office building (O5) at 5717 16th Avenue in Borough Park, Brooklyn. The deal closed on February 23, 2023 and was recorded on February 24, 2023. The two properties have 5,360 square feet of built space according to PincusCo analysis of…
Pan Wang through the entity Park West Properties LLC paid $3.6 million to James Ciarrocchi estate through the entity 4 West 83rd St NYC LLC for six-unit residential walkup building (C2) at 4 West 83rd Street in Upper West Side, Manhattan. The deal closed on February 21, 2023 and was recorded on February 24, 2023. The property has 4,760 square feet of built space and…
Buyer claims Madison Realty Capital balked at Williamsburg sale: An anonymous plaintiff alleges one of the city’s most active real estate investment firms, Madison Realty Capital, is balking at selling 15-unit and retail pair of new construction buildings at 203-205 North 8th Street in Williamsburg, that have been subject to foreclosure and bankruptcy proceedings. Madison Realty Capital is the lender that filed a $3 million…
Tessler Development and Cornell Realty Management sue Trader Joe’s: Tessler Development and Cornell Realty Management allege grocer Trader Joe’s has not commenced paying rent at the commercial property at 206 Kent Avenue in Williamsburg, Brooklyn, and they are owned $5 million. According to the complaint the retailer has not paid rent since opening in 2021, citing alleged construction delays. Court filings represent the positions of…
Pinchos Hoffman through the entity Blackstone Arms Associates as borrower signed a refi loan with lender Webster Bank valued at $9.9 million for the 109-unit residential elevator building (D7) at 166-40 89th Avenue in Jamaica, Queens. The deal closed on February 15, 2023 and was recorded on February 23, 2023. The prior lender was JPMorgan Chase which held debt that had an original loan amount…
The Shemel family’s Kano Real Estate Investors through the entity Broadway 558 Realty Alpha LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $26.5 million for the mixed-use building (K2) at 558 Broadway in SoHo, Manhattan. The building is home to the experiential retailer Museum of Ice Cream. The building also fronts on Crosby Street. The deal closed on December 23,…
Nafees Bukhari through the entity 3342 Fulton St Realty LLC paid $1.7 million to Je Hak Sin for the two-unit mixed-use building (S9) at 3342 Fulton Street in Cypress Hills, Brooklyn. The deal closed on February 17, 2023 and was recorded on February 23, 2023. The property has 3,673 square feet of built space according to PincusCo analysis of city data. The sale price per…
Mendel Fleischman through the entity 285 Garden LLC paid $6.3 million to Robert Vigorito for the mixed-use building (K4) at 285 Metropolitan Avenue in Williamsburg, Brooklyn. The deal closed on February 15, 2023 and was recorded on February 23, 2023.The property has 5,650 square feet of built space and 6,269 square feet of additional air rights for a total buildable of 11,904 square feet according…
