Aleksandr Gilkarov through the entity Anthony Residence LLC as borrower signed a new construction loan with lender NorthEast Community Bank valued at $11.2 million for a 44-unit development project at 2065 Anthony Avenue in Fordham Heights, Bronx. On these lots, there is one active new building construction project for a 44-unit, 21,629 square-foot R-2 building. The project was developed by Boris Babakhanov with plans filed…
Penn South Capital through the entity Grogu Holdings LLC acquired the 10-unit walkup in Alphabet City at 6 Avenue B that had a total transaction cost of $5.2 million. The sale occurred in two parts, the first with a value of $4.2 million in which FIA Capital Partners acquired an interest from the Bertha Zawin estate, and the second, in which Penn South Capital acquired…
Kandarp Mehta of JHC Fabrication through the entity Shivam Estates, LLC paid $4.5 million to Henry Calamari through the entity 595 Berriman Street Corp. for the industrial building (F5) at 595 Berriman Street and an adjacent parcel in East New York, Brooklyn The deal closed on January 26, 2023 and was recorded on February 6, 2023. The two properties have 16,500 square feet of built…
Red Rock Investments through the entity 207 5th Ave BK LLC paid $6.5 million to Urban Standard Capital through the entity USC 207 5th Property Owner LLC for the corner retail building (K2) at 207 5th Avenue in Park Slope, Brooklyn. This is the first purchase PincusCo has reported on for Red Rock Investments. The deal closed on January 31, 2023 and was recorded on…
JSAF Capital through the entity 321-323 Court Street LLC paid $8.1 million to Madison Realty Capital through the entity Court Street Property Holdings LLC for the five-unit mixed-use building (S5) at 323 Court Street at the corner of Sackett Street, and the adjacent four-unit mixed-use building (S4) at 321 Court Street in Carroll Gardens, Brooklyn. The deal closed on January 20, 2023 and was recorded…
Thomas Fok and Derrick Fok through the entity Grand Henkade, LLC paid $23.8 million to Empire Capital Holdings through the entity Empire 326 Grand LLC for the 20-unit residential elevator building (D6) at 324 Grand Street in Lower East Side, Manhattan. The deal closed on January 20, 2023 and was recorded on February 6, 2023. The property has 24,410 square feet of built space according…
Hawkins Way Capital and Varde Partners through the entity 525 Lexington Owner, LLC, paid $153.4 million to Deka Immobilien through the entity Lexington Avenue Hotel, L.P. for the 655-room hotel building (H1) at 525 Lexington Avenue in Midtown East, Manhattan. As part of the acquisition, Madison Realty Capital provided a $166.5 million acquisition and rehabilitation loan. The deal closed on January 27, 2023 and was…
Stellar Management through the entity West 21st Street Associates, L.L.C. as borrower signed a refi loan with lender New York Community Bank valued at $11.5 million for two residential walkup properties including the 31-unit residential walkup building (C4) at 214 West 21st Street in Chelsea, Manhattan and 20-unit residential walkup building (C4) at 209 West 21st Street in Chelsea, Manhattan. The deal closed on August…
Sabet Group through the entity 236 E 5 Street LLC as borrower signed a refi loan with lender Greystone & Co. through the entity Greystone Servicing Company LLC valued at $21.3 million for the 30-unit residential walkup building (C1) at 236 East 5th Street in East Village, Manhattan. The deal closed on February 2, 2023 and was recorded on February 3, 2023. The prior lender…
Uzi Shvut through the entity 1838 Wa Realty LLC paid $1.7 million to Alejandro Quito’s bankrupted company through the entity Gualaceo Realty Corp. for the four-unit mixed-use building (S4) at 1838 Westchester Avenue in Soundview, Bronx. The deal closed on January 20, 2023 and was recorded on February 3, 2023. The property has 5,025 square feet of built space according to PincusCo analysis of city…
Gentian Dushi through the entity G & V Realty Mgmt LLC paid $2.1 million to Rudolf Gjonaj and Alfred Gjonaj through the entity Lindchris Realty L.L.C. for 21-unit residential walkup building (C1) at 1657 Unionport Road in Van Nest, Bronx. The deal closed on January 30, 2023 and was recorded on February 3, 2023. The property has 13,656 square feet of built space according to…
Good News Manhattan Church paid $7 million to Angelita Ortega through the entity Angie’s Warehouse, LLC for the industrial building (F5) at 2472 Third Avenue in Mott Haven, Bronx. The deal closed on January 25, 2023 and was recorded on February 3, 2023. The property has 17,907 square feet of built space and 5,969 square feet of additional air rights for a total buildable of…
Gallery owner David Zwirner through the entity DAZW LLC paid $11.7 million to Keith D. Jacobson through the entity West Chelsea Holding LLC for the mixed-use building (K2) at 527 West 19th Street in Chelsea, Manhattan. Zwirner already owned a stake in the building through a tenant-in-common structure, according to city records. Zwirner has long-occupied a portion of the adjacent building at 525 West 19th…
Top Rock Holdings through the entity Top Rock Whitestone LLC paid $12.1 million to Stephan Kalaijian and Barbara Grace for an outdoor industrial storage yard composed of six tax lots including 151-11 6th Road, 151 6th Road in Whitestone, Queens. The buyer according to a source familiar with the plans intends to use the space for industrial outdoor storage, not redevelopment, with an intent to…
CapitaLand through the entity Aspinden Land LLC as borrower assumed debt as part of an acquisition, with bondholders of COMM 2015-CCRE22 valued at $29.2 million for the hotel building (H3) at 15 West 45th Street in Midtown West, Manhattan. CapitaLand bought the fee under the property for $38 million at the same time, which was recorded last month. The company already controlled the property through…
Robert Lumaj through the entity 3273 3rd LLC paid $4.8 million to Yerucham Israel through the entity 3267-3273 3rd Ave Mbsd LLC for the two-unit mixed-use building (K4) at 3269 3rd Avenue in Morrisania, Bronx. On the lot, there is one active new building construction project for a 73-unit, 52,842 square-foot R-2 building. The project was developed by Joel Fekete with plans filed April 15,…
Moaath Y. Alsayedi through the entity 555 Driggs Ave LLC paid $5 million to Charles Leone, Pasquale Leone, and Vincent Leone Jr. through the entity 210 North 7th, LLC for the two-unit mixed-use building (S9) at 555 Driggs Avenue in Williamsburg, Brooklyn. The deal closed on January 31, 2023 and was recorded on February 2, 2023. The property has 3,494 square feet of built space…
Cedarbridge Management through the entity 617 Tyhum LLC paid $6.1 million to Sugar Hill Capital Partners through the entity 617 West 143rd Owner, LLC for the 35-unit residential elevator building (D1) at 617 West 143rd Street in Harlem, Manhattan. The deal closed on January 31, 2023 and was recorded on February 2, 2023.The property has 33,190 square feet of built space and 11,925 square feet…
Behrooz Hedvat through the entity Devarim 26 LLC paid $6.3 million to Forum Capital Partners through the entity 703 West 171 Street Condominium LLC for 11-unit residential elevator building (D7) at 703 West 171st Street in Washington Heights, Manhattan. The deal closed on January 26, 2023 and was recorded on February 2, 2023. The property has 17,550 square feet of built space according to PincusCo…
Kissling Interests through the entity Romeo-Kilo Corp. paid $7 million to Daniel J. Lunney through the entity 421 9th Avenue Corp. for retail building (K2) at 421 Ninth Avenue in Hudson Yards, Manhattan. The deal closed on January 9, 2023 and was recorded on February 2, 2023. The property has 2,962 square feet of built space and 12,845 square feet of additional air rights for…
