Duke Properties through the entity 624 East 17th Street LLC paid $2.6 million to Abraham Raab through the entity Ppg 624 LLC for the six-unit residential walkup building (C2) at 624 East 17th Street in Flatbush, Brooklyn. The deal closed on January 30, 2023 and was recorded on February 15, 2023. The property has 6,200 square feet of built space and 5,800 square feet of…
Moshe Ehrlicht through the entity 560 Yd LLC paid $3 million to Oshri Shalmoni through the entity Shalmoni Realty Inc. for the industrial building (G1) at 552 McDonald Avenue in Kensington, Brooklyn. The deal closed on January 18, 2023 and was recorded on February 15, 2023. The property has 1,950 square feet of built space and 11,342 square feet of additional air rights for a…
Swayne Shu through the entity Marcey LLC paid $9 million to Charles Light through the entity The Brothers Prudential Co. LLC for commercial condominium units at 107-40 Queens Boulevard in Forest Hills, Queens. The deal closed on January 23, 2023 and was recorded on February 15, 2023. The four properties have 26,483 square feet of built space according to PincusCo analysis of city data. The…
Yitzchok Katz through the entity 570 Fulton St LLC paid $24.1 million to Davis Companies through the entity 570 Fulton Street Property LLC for the development site at 570 Fulton Street in Fort Greene, Brooklyn. On the lot, there is one active new building construction project for a 123-unit, 199,736 square-foot R-2 building. The project was submitted by Stephen Skolas of Davis Companies with plans…
Hyundai Motor Group through the entity 15 Laight NY LLC paid $273.5 million to the Vanbarton Group through the entity 13-17 Laight NY LLC for office building (O6) at 15 Laight Street in Tribeca, Manhattan. The deal closed on February 15, 2023 and was recorded on February 15, 2023. The property has 117,291 square feet of built space according to PincusCo analysis of city data….
Metropolitan New York Synod of the Evangelical Lutheran Church in America signed a contract to sell 300 Genesee Avenue in Eltingville, Staten Island for $4 million to developers Diane Kramer, David Fogel and Michael Kramer through the company Leni Homes LLC, according to a petition filed in Manhattan State Supreme Court seeking approval for the sale. LINK The sale comes seven years after the local…
Sage Hall Partners through the entity East 46th Street LLC bought a note with an original principal of $81 million from the Canadian Imperial Bank of Commerce secured by Shorewood Real Estate Group and Korman Communities’ 95-unit extended stay hotel building (HS) at 234 East 46th Street in Grand Central, Manhattan. Prodigy Network was formerly a partner in the venture, but the company formally closed…
An ownership group including Joel Landau, Joel Zupnick, Bent Philipson and Naomi Tessler through the entity Even Pine Union Propco LLC and others as borrower signed a acquisition loan with lender Valley National Bank valued at $77.1 million for the specialty building (I1) at 159-05 Union Turnpike in Fresh Meadows, Queens. The ownership group bought the building on the same day for $44 million, as…
Northwind Group through the entity NW 125 G Lender LLC provided acquisition and construction financing valued at $313 million to borrower Fortress Investment Group through the entity 125 Greenwich Owner LLC for the completion of the 273-unit residential condominium project (D8) at 125 Greenwich Street, also known as 22 Thames Street, in the Financial District, Manhattan. On the lot, there is one active new building…
Congregation Lubavitch of East Flatbush paid $1.1 million to Yvonne Hamilton for the six-unit residential walkup building (C2) at 904 Albany Avenue in East Flatbush, Brooklyn. The deal closed on February 10, 2023 and was recorded on February 14, 2023. The property has 6,360 square feet of built space according to PincusCo analysis of city data. The sale price per built square foot is $172…
Goodman Capital through the entity GC Park Slope LLC acquired from Martin Tisoc’s foreclosed entity the two-unit mixed-use building (S2) at 392 5th Avenue in Park Slope, Brooklyn. Goodman Capital was the previous lender on the property. The deal closed on February 7, 2023 and was recorded on February 14, 2023.The property has 2,640 square feet of built space and 3,462 square feet of additional…
Carlyle Group through the entity Townhouse Rental II, L.L.C. paid $3.7 million to Ivan Ting through the entity Lu Investors LLC for the six-unit residential rental at 1401 Hancock Street in Bushwick, Brooklyn. The seller enlarged the property from a three-unit building to a six-unit building. The deal closed on February 10, 2023 and was recorded on February 14, 2023. The property has about 4,860…
David Cohen’s Divine Moving & Storage through the entity 601 Ventures LLC paid $6.3 million to Tuck-it-Away through the entity Tuck-It Away Associates-137th Street LLC for the industrial storage building (E7) at 601 East 137th Street in Mott Haven, Bronx. The deal closed on February 3, 2023 and was recorded on February 14, 2023. The property has 32,500 square feet of built space according to…
Property owner Erno Bodek filed an $80 million bankruptcy action Monday to maintain control of the delayed renovation and conversion of the commercial property called The Frame at 541 West 21st Street in Chelsea. In the filing he estimates the property is worth $80 million when stabilized, but it has $57 million in a senior loan and at least $4.7 million in a mezzanine loan…
David Weisz through the entity Suw 4 LLC as borrower signed a new construction loan with lender Republic Bank valued at $16 million for the development (V0) at 5914 Bay Parkway in Borough Park, Brooklyn. On the lot, there are two active new building construction projects and major alteration projects with initial costs more than $5 million, totaling 58,824 square feet. The largest is a…
Timber Equities through the entity 2395 Palisade LP as borrower signed a refi loan with lender Webster Bank valued at $19.3 million for the 55-unit residential elevator building (D1) known as the Henry, at 2395 Palisade Avenue in Spuyten Duyvil, Bronx. The deal closed on January 31, 2023 and was recorded on February 13, 2023. The prior lender was Bank Hapoalim which held debt that…
Virender Suri through the entity Suri Building, LLC paid $1.8 million to Speros Manolatos for seven-unit residential walkup building (C1) at 37-43 59th Street in Woodside, Queens. The deal closed on February 1, 2023 and was recorded on February 13, 2023. The property has 4,860 square feet of built space according to PincusCo analysis of city data. The sale price per built square foot is…
UPDATED: Michael Cameron through the entity 200 Amsterdam Pu LLC paid $4.9 million to SJP Properties through the entity Amsterdam Avenue Redevelopment Associates LLC for the professional office condominium unit PU at 200 Amsterdam Avenue in Lincoln Square, Manhattan. The unit is 2,953 square feet on the ground floor, yielding a price of $1659 per foot. The deal closed on January 30, 2023 and was…
Yosef Shlomy Greenwald through the entity Kan Tziva LLC paid $5.4 million to Harry Klein and Howard Garfield through the entity J.C. Chasop, LLC for the eight-unit residential walkup building (C1) at 632 Eastern Parkway in Crown Heights, Brooklyn. The deal closed on February 7, 2023 and was recorded on February 13, 2023. The property has 10,240 square feet of built space according to PincusCo…
The entity Amj Realty Limited Partnership, which is an affiliate of members of the Adjmi family, paid $7.1 million to Ralph Sitt of Status Capital through for the residential development site (V0) at 2020 East 2nd Street in Gravesend, Brooklyn. This is in a residential neighborhood. The deal closed on January 31, 2023 and was recorded on February 13, 2023. Ralph Sitt as an individual…
