Carlyle Group through the entity Townhouse Rental II, L.L.C. paid $3.6 million to Joel Waldman and Michael Lefkowitz through the entity 704 M LLC for the seven-unit residential walkup building (C1) at 704 Mac Donough Street in Bedford Stuyvesant, Brooklyn. Carlyle Group’s purchase closed on February 15, 2023 and was recorded on February 17, 2023. The property has 5,250 square feet of built space according…
Laborers Local 78 through the entity Local 78 Realty Corp paid $3.6 million to Spyro Avdoulos through the entity Dio Long LLC for the office building (O5) at 58-18 37th Avenue in Woodside, Queens. The deal closed on February 16, 2023 and was recorded on February 17, 2023. The property has 4,900 square feet of built space and 2,625 square feet of additional air rights…
Wade Guowei Li through the entity United 17 Division LLC paid $3.7 million to Martin Choy through the entity Belttech At Division, LLC for the mixed-use building (K4) at 17 Division Street in Chinatown, Manhattan. The deal closed on February 2, 2023 and was recorded on February 17, 2023. The property has 4,875 square feet of built space and 1,158 square feet of additional air…
Tarek Alam through the entity Sa 1435 LLC paid $4.1 million to George J. Bubaris, James G. Bubaris, and the Gus J. Bubaris estate for the 24-unit residential walkup building (C1) at 31-23 47th Street in Astoria, Queens. The deal closed on February 15, 2023 and was recorded on February 17, 2023. The property has 14,680 square feet of built space according to PincusCo analysis…
The Cohen family’s Daniel Group through the entity Fulton Dev LLC paid $4.5 million to Vincent Dejana through the entity 94-47 Merrick Blvd, LLC for a group of retail buildings including 94-35 Merrick Boulevard, 94-45 Merrick Boulevard and 94-43 Merrick Boulevard that make up most of a tax block in Jamaica, Queens. The parcel is occupied by a Pep Boys and related parking lot. The…
UPDATED: Mordechia Mittelman through the entity Kent Str LLC and SI 250 LLC paid $6.5 million to Samuel Lowinger through the entity RAL Realty, LLC for two development parcels (V1) along the south side of Sharrotts Road in Charleston, Staten Island. Mordechia Mittelman’s parcel starts about 72 feet west of Brick Road and runs to the tidal strait Arthur Kill. The acquisition occurred in two…
Namdar Realty Group and Klosed Properties through the entity 2505-2509 Hoffman Bh LLC paid $7.4 million to Ranjana Mehta through the entity Om LLC for the 25-unit residential walkup building (C1) at 2505 Hoffman Street and the 26-unit residential walkup building (C1) at 2509 Hoffman Street in Belmont, the Bronx. The deal closed on February 14, 2023 and was recorded on February 17, 2023. The…
Standard International through the entity Sip NY Acquisition, LLC paid $106.9 million to the Pomeranc family’s Sixty Collective through the entity Cromwell Soho Holdings LLC for the 97-unit hotel building (HB) Sixty Soho at 60 Thompson Street in SoHo, Manhattan. The deal closed on February 3, 2023 and was recorded on February 17, 2023. The property has 56,000 square feet of built space according to…
Pinches Abowitz through the entity 1164 Fox LLC as borrower signed a new construction loan with lender S3 Capital through the entity S3 Re Funding II LLC valued at $9.7 million for four parcels including at 1164 through 1172 Fox Street in East Morrisania, Bronx. There is a new building project for a 59-unit, 40,103 square-foot R-2 building developed by Peter Abowitz with plans filed…
Sakander Raja through the entity 2680 Morris LLC as borrower signed a new construction loan with lender Ponce Bank valued at $11.4 million for the 36-unit project at 2680 Morris Avenue in Fordham Manor, Bronx. On the lot, there is one active new building construction project for a 36-unit, 38,242 square-foot R-2 building. The project was developed by Sakander Raja with plans filed May 8,…
Brookfield Properties through the entity Bprep 333 W 34th LLC as borrower signed a refi loan with lender Landesbank Baden-Wurttemberg valued at $105 million for three office condominium units at 333 West 34th Street in Penn Plaza, Manhattan. The deal closed on February 14, 2023 and was recorded on February 16, 2023. The prior lender was Landesbank Baden-Wurttemberg which held debt that had an original…
Zalmen Leibowitz through the entity 819 Mazel Mit Brucha LLC paid $3.1 million to Noon Gourfain for the mixed-use building (S1) at 819 Bedford Avenue in Bedford Stuyvesant, Brooklyn. The deal closed on February 9, 2023 and was recorded on February 16, 2023. The property has 2,300 square feet of built space and 5,200 square feet of additional air rights for a total buildable of…
Kourosh Nasab through the entity Space BX LLC paid $3.4 million to Edward Kaufman through the entity Marne Realty, LLC for the 35-unit residential walkup building (C1) at 2909 Valentine Avenue in Bedford Park, Bronx. The deal closed on February 14, 2023 and was recorded on February 16, 2023. The property has 34,425 square feet of built space and 11,218 square feet of additional air…
Rajive Maret and Xhelal Ahmetaj through the entity 2769 Creston Ave, LLC paid $5.6 million to United Developers through the entity UBC 126 LLC for industrial building (G7) at approximately 60-28 Beach Channel Drive in Arverne, Queens. On the lot, there is one active new building construction project for a 101-unit, 74,849 square-foot residential (R-2) building. The project was submitted by Matthew Ahdoot of United…
Eckstrom NYC through the entity 36 Remsen LLC paid $7.5 million to Demetrios Yatrakis through the entity 34-36 Remsen North Yat Spe LLC for eight-unit residential walkup building (C1) at 36 Remsen Street in Brooklyn Heights, Brooklyn. To finance the purchase, Eckstrom NYC through the entity 36 Remsen LLC as borrower signed an acquisition loan with lender S3 Capital through the entity S3 Re Funding…
Jacob Weinberger through the entity 3045 Godwin Terrace LLC paid $8.6 million to Richard Albert, Evelyn Renee Albert estate, Gail I. Hessol, and Nancy A. Hessol through the entity Godwin Realty Associates for the 73-unit residential elevator building (D7) at 3045 Godwin Terrace in Kingsbridge, Bronx. The deal closed on February 10, 2023 and was recorded on February 16, 2023. The property has 68,610 square…
Junehyung Kil through the entity Seodangmal Inc paid $11.3 million to Silvester C. Mazzilli and Frank Mazzilli through the entity Auburndale Properties, Inc. for retail building (K2) at 193-20 Northern Boulevard and the office building (O5) at 193-02 Northern Boulevard in Auberndale, Queens. The deal closed on February 3, 2023 and was recorded on February 16, 2023. The two properties have 19,549 square feet of…
Madison Realty Capital provided a loan-on-loan to Northwind Group, which originated a $313 million land loan and construction loan to Fortress Investment Group as part of the recapitalization to restart construction on the stalled 273-unit condominium project at 125 Greenwich Street in the Financial District in Manhattan. Fortress took control of the development from Bizzi & Partners, which along with U.S. Immigration Fund, remain in…
Olshan Properties through the entity 177 Fort Washington Property Owner LLC as borrower signed a refi loan with lender Signature Bank valued at $23.5 million for two residential elevator properties including the 61-unit residential elevator building (D7) at 385 Ft Washington Avenue in Washington Heights, Manhattan and 55-unit residential elevator building (D7) at 395 Ft Washington Avenue in Washington Heights, Manhattan. The deal closed on…
The Carlyle Group and King Street Properties through the entity 45-18 Court Square Owner, L.L.C. as borrower signed a refi loan with lender ACORE Capital through the entity Acore Capital Mortgage, LP valued at $114 million for the office building (O2) at 45-18 Court Square in Long Island City, Queens. The deal closed on February 10, 2023 and was recorded on February 15, 2023. The…
