Transfers

American Chengyi Investment Management Group through the entity EC Victoria, LLC acquired 13 condominium units at Myint Kyaw’s bankrupt Victoria Towers Development Corp. project at 133-38 Sanford Avenue in Flushing, Queens valued at $13.5 million. The deal closed on October 31, 2022 and was recorded on February 23, 2023. The 13 properties have 14,616 square feet of built space according to PincusCo analysis of city…

Shulem Herman through the entity Troutman Terrace LLC paid $8.5 million to Cayuga Capital Management through the entity Going Stagg LLC for industrial building (F4) at 348 Troutman Street in Bushwick, Brooklyn. The deal closed on February 15, 2023 and was recorded on February 22, 2023. The property has 20,565 square feet of built space according to PincusCo analysis of city data. The sale price…

UPDATED: The Swiss retailer Akris through the entity 121 Greene Street LLC paid $14 million to SL Green Realty through the entity 121 Greene Retail Owner LLC for two retail condominium units at 121 Greene Street in SoHo, Manhattan. The deal closed on February 15, 2023 and was recorded on February 22, 2023. The two properties have 9,501 square feet of built space according to…

Khdr Swed through the entity Swar Developers LLC paid $2.8 million to Maguire Capital Group and Eliezer Schwimer through the entity Maguire Bkln VII LLC for the three-unit walkup (C0) at 92 South 4th Street in Williamsburg, Brooklyn. The deal closed on February 14, 2023 and was recorded on February 21, 2023. The property has 4,140 square feet of built space and 1,449 square feet…

International Baptist Church through the entity International Baptist Church, Inc. paid $9.2 million to Linda Figliolia through the entity 62 4th St LLC for the industrial building (E9) at 425 Hoyt Street in Gowanus, Brooklyn. The deal closed on February 15, 2023 and was recorded on February 21, 2023. The property has 17,244 square feet of built space and 86 square feet of additional air…

The four most active neighborhoods for New York City commercial property sales were in Manhattan, with Midtown East, Financial District, Lenox Hill and Lincoln Square coming before any neighborhood in Brooklyn. The most active in Brooklyn by dollar volume was Williamsburg. The analysis included all commercial sales with a closing date of February 20, 2022 to February 20, 2023 in Acris. Some residential townhouses are…

Arch Companies, led by Jeffrey Simpson, sued Meir Babaev’s AB Capstone last week seeking to take control of their joint venture project Myrtle Point, at 3-50 St. Nicholas Avenue in Ridgewood, Queens. The project topped out in December, according to an article from YIMBY at the time. Arch laid out a series of causes of action supporting its complaint, filed February 15. LINK According to…

FBL Development through the entity FBL Astoria LLC as borrower signed a new construction loan with lender Ponce Bank valued at $25 million for the 52-unit development at 31-16 21st Street in Astoria, Queens. On the lot, there is one active new building construction project for a 52-unit, 35,469 square-foot R-2 building. The project was developed by Yong Chen with plans filed October 27, 2022…