Lloyd Goldman’s BLDG Management through the entity BLDG Canal LLC as borrower signed a refi loan with lender CTBC Bank valued at $22.1 million for the retail building (O5) at 178 Canal Street in Chinatown, Manhattan. The deal closed on January 26, 2023 and was recorded on January 27, 2023. The prior lender was CTBC Bank which held debt that had an original loan amount…
Chaim Yosef Abramson through the entity 238 Degraw Partners 2 LLC paid $3.8 million to Monica Girgenti for four-family building (C3) at 238 Degraw Street in Carroll Gardens, Brooklyn. This building is in the popular tax classes 2a and 2b. The deal closed on January 11, 2023 and was recorded on January 27, 2023.The property has 1,900 square feet of built space and 3,100 square…
Carlyle Group through the entity Townhouse Rental II, L.L.C. paid $4.2 million to Aaron Chang through the entity C.A.C. Development LLC for the three-unit 1-4 family building (C0) at 45 Duffield Street in Downtown Brooklyn, Brooklyn. The deal closed on January 25, 2023 and was recorded on January 27, 2023. The property has 3,915 square feet of built space and 435 square feet of additional…
The entity 18303hillsideave LLC at the address of the Ciampa Organization paid $5.2 million to Michael P. Grey through the entity 183-03 Hillside Partners LLC for the 46-unit development site at 183-03 Hillside Avenue in Jamaica Estates, Queens. On the lot, there is one active new building construction project for a 46-unit, 39,536 square-foot R-2 building. The project was developed by Michael Grey with plans…
Mamta Kumar through the entity 300 Wild LLC paid $12.4 million to Sanjay Patel through the entity K.K. Sankar Mahadev Corp. for the Holiday Inn Express Staten Island West hotel building (H3) at 300 Wild Avenue in Travis-Chelsea, Staten Island. The deal closed on December 23, 2022 and was recorded on January 27, 2023.The property has 36,808 square feet of built space according to PincusCo…
Dermot Company and Goldman Sachs through the entity 15bpd Owner LLC paid $90 million to RAL Companies and China Vanke through the entity Landing B Associates LLC for a ground lease which controls the 140-unit residential elevator building (D6) at 15 Bridge Park Drive in Brooklyn Heights, Brooklyn. The deal closed on January 25, 2023 and was recorded on January 27, 2023. The property has…
Robert Lumaj through the entity 653 Mace LLC bought a note with an original principal of $16 million from ACRES Capital secured by Abraham Wieder’s development (V0) at 2500 Barker Avenue in Allerton, Bronx. On the lot, there is one active new building construction project for a 53-unit, 48,452 square-foot R-2 building. The project was developed by Abraham Wieder with plans filed March 19, 2019…
Surjeet Kaur through the entity 165 Investors LLC as borrower signed a refi loan with lender State Bank of Texas valued at $23 million for the new hotel at 165-20 Archer Avenue in Jamaica, Queens. The deal closed on October 26, 2022 and was recorded on January 26, 2023. The property has 86,633 square feet of built space according to PincusCo analysis of city data….
United Investment Portugal through the entity 42nd And 10th Hotel, LLC as borrower signed a refi loan with lender MSD Partners through the entity Msd Rcof Partners XLV, LLC valued at $130 million for the hotel condo unit at 570 10th Avenue in Hell’s Kitchen, Manhattan. The deal closed on January 13, 2023 and was recorded on January 26, 2023. The prior lender was AllianceBernstein…
Solomon Pavel through the entity 279 St Nicholas LLC paid $1.5 million to Silvershore Properties through the entity Silvershore Properties 104 LLC for the three-unit mixed-use building (S3) at 2-79 St Nicholas Avenue in Ridgewood, Queens. The deal closed on January 20, 2023 and was recorded on January 26, 2023. The property has 3,000 square feet of built space and 636 square feet of additional…
David Eshaghoff through the entity 104 Group LLC paid $1.6 million to Frank Luca for the two-unit mixed-use building (S2) at 49-05 104th Street in Corona, Queens. The deal closed on January 11, 2023 and was recorded on January 26, 2023. The property has 3,060 square feet of built space and 1,311 square feet of additional air rights for a total buildable of 4,372 square…
MJ Auto Collision through the entity MJ Auto Collision Corp. paid $2.5 million to Simon Busano through the entity Junius Street Realty LLC for the industrial building (G2) at 238 Junius Street in Brownsville, Brooklyn. The deal closed on January 19, 2023 and was recorded on January 26, 2023. The property has 7,483 square feet of built space and 7,483 square feet of additional air…
Ilan Bracha through the entity 1411 Bushwick Development LLC paid $7.4 million to the entity 1411 Bushwick Avenue Development LLC for the 12-unit residential elevator building (D1) at 1411 Bushwick Avenue in Bushwick, Brooklyn. A prior owner, Guy Iber filed plans in 2019 to convert the building into condominiums but the plan was never accepted, according to the New York State Attorney General’s office. The…
Carlyle Group through the entity Townhouse Rental II, L.L.C. paid $9.2 million to Highpoint Property Group through the entity 1436 Pacific Street Owner LLC for the eight-unit residential walkup building (C1) at 1436 Pacific Street in Crown Heights, Brooklyn. Earlier this week, Carlyle recorded its purchase of the neighboring building from Highpoint, at 1440 Pacific Street, for the same price, $9.2 million. The more recent…
Yechiel Newhouse through the entity Kent Preservation LLC, paid $16 million to L+M Development Partners and BFC Partners through the entity Kent Affordable Housing LLC, for the 140-unit property at 450 Kent Avenue in Williamsburg, Brooklyn. The deal closed on January 19, 2023 and was recorded on January 26, 2023. The property has 171,432 square feet of built space according to PincusCo analysis of city…
A small bankruptcy filing submitted yesterday in Brooklyn reveals an interest last year from logistics behemoth Prologis to acquire control of at least a portion of a six-parcel assemblage a block from the East River in Williamsburg, Brooklyn, that holds at least 185,000 square feet of development rights or as much as 348,168 square feet. The entity that filed the bankruptcy is not related to…
Farid “Frank” Jaber through the entity 23-49 Realty LLC as borrower signed a refi loan with lender First Central Savings Bank valued at $6 million for two properties including the retail building (K1) at 23-55 Broadway in Astoria, Queens and two-unit mixed-use building (S2) at 23-49 Broadway in Astoria, Queens. Jaber owns a chain of mid-market grocery stores called Trade Fair. This property is a…
Israel Friedman through the entity South Lofts LLC as borrower signed a refi loan with lender Signature Bank valued at $8 million for the 41-unit residential walkup building (C1) at 188 South 3rd Street in Williamsburg, Brooklyn. In August 2022, the lender Southeast Debt LLC filed a pre-foreclosure action against the 41-unit Williamsburg, Brooklyn, rental building at 188 South 3rd Street that was security for…
ZD Jasper Realty through the entity ZDJ Jamaica LLC as borrower signed a new construction loan with lender Bank Hapoalim valued at $29.2 million for the 96-unit project at 138-45 Jamaica Avenue in Jamaica, Queens. On the lot, there is one active new building construction project for a 96-unit, 73,489 square-foot R-2 building. The project was developed by Brad Honigfeld with plans filed April 26,…
The National Organization of the New Apostolic Church of North America paid $4 million to Steve Harooni through the entity Beverley Property LLC for the office building (O7) at 2146 Beverley Road and the mixed-use building (K4) at 2150 Beverley Road in Flatbush, Brooklyn. The deal closed on January 17, 2023 and was recorded on January 25, 2023. The two properties have 5,944 square feet…
