Mendel Fleischman through the entity 67 Garden, LLC paid $2.6 million to the estate of the late Albert J. Byrnes through the entity 67s6, LLC for the retail building (K1) at 67 South 6th Street in Williamsburg, Brooklyn. The expected use is conversion/addition to an eight-unit residential building. The deal closed on February 27, 2026 and was recorded on March 6, 2026. The property has…
William J. O’Connor’s OC Properties paid $3 million to Sisters of Charity Housing Development Corporation for the 18-unit residential walkup building (C1) at 111 East 117th Street in East Harlem, Manhattan. The expected use is cash flowing. The deal closed on February 18, 2026 and was recorded on March 6, 2026. The property has 9,600 square feet of built space according to a PincusCo analysis…
Milind Suvarnakar’s Shanti Pharmacy through the entity 76 Graham Brooklyn LLC paid $3.8 million to Max Katz through the entity Maxaron LLC for the mixed-use retail building (K4) at 76 Graham Avenue in Williamsburg, Brooklyn. The expected use is owner-occupied. The deal closed on February 27, 2026 and was recorded on March 6, 2026. The property has 5,000 square feet of built space and 1,075…
The Smeke family’s CSC Real Estate through the entity 136 Prop Co LLC paid $10 million to Cerco Funding through the entity Lex57 LLC for the ground lease covering the office building (O4) at 136 East 57th Street in Midtown East, Manhattan. At the same time, CSC Real Estate obtained the fee in a no-consideration transfer from Silk & Halpern, which was the original fee…
SL Green Realty through the entity 610 Park Avenue Commercial Owner LLC paid $18.5 million to Daniel Boulud’s Dinex Group through the entity 65th Street RE, LLC for the retail condo at 610 Park Avenue in Lenox Hill, Manhattan. The expected use is cash flowing. The deal closed on March 4, 2026 and was recorded on March 6, 2026. The property has 17,762 square feet…
109Co through the entity 127w28 Hotel Noteholder, LLC bought a note with an original principal of $44 million from Morgan Stanley secured by Fortuna Realty Group’s hotel building (H2) at 127 West 28th Street in Chelsea, Manhattan. The deal closed on February 25, 2026 and was recorded on March 4, 2026. The prior lender was Morgan Stanley which held debt that had an original loan…
Lions Group and Fetner Properties through the entity 2701 Property Owner LLC as borrower signed a refi loan with lender PGIM Real Estate valued at $80 million for the 164-unit residential elevator building (D6) at 27-01 Jackson Avenue in Long Island City, Queens. The deal closed on February 27, 2026 and was recorded on March 5, 2026. The prior lender was Valley National Bank which…
Dae Hyun Yoo through the entity 36 Queens Realty LLC paid $3.9 million to Chansik Cho through the entity Joongang Holdings Usa, Inc for the industrial building (G2) at 43-31 36th Street in Sunnyside, Queens. The deal closed on February 25, 2026 and was recorded on March 5, 2026. The property has 10,000 square feet of built space and 10,000 square feet of additional air…
Omri Bar-Mashiah’s Minerva Development through the entity 220 Union LLC paid $4.2 million for the four-unit building (C3) at 220 Union Street in Carroll Gardens, Brooklyn. The expected use is cash flowing. The deal closed on February 27, 2026 and was recorded on March 5, 2026. The property has 3,300 square feet of built space and 700 square feet of additional air rights for a…
Sunlight Development through the entity Hicks St Cobble Hill LLC paid $33.2 million to Madison Realty Capital through the entity Pacific Hicks Owner 1 LLC for the development site at 350 Hicks Street in Cobble Hill, Brooklyn. The expected use is ground up development. The deal closed on February 18, 2026 and was recorded on March 5, 2026. Commercial Observer reported on February 24, 2026…
Joel Leifer through the entity Union Plaza Snf Realty LLC paid $75 million to Marx Development Group through the entity Union Plaza Realty, L.P. for the Union Plaza Care Center nursing home building (I6) at 33-23 Union Street in Flushing, Queens. The expected use is cash flowing. The deal closed on February 27, 2026 and was recorded on March 5, 2026. The property has 146,042…
Peter Abowitz, who also used the name Pinches Abowitz, through the entity Archer Ave Holdings LLC paid $17 million to the Chetrit Group and Peter Kulka through the entity Archer 147 Development LLC for the three-parcel development site at 147-27 Archer Avenue in Jamaica, Queens. The expected use is ground up development. The Chetrit Group bought into a partnership with Peter Kulka in 2022, Traded…
Preferred Bank filed a $19.95 million pre-foreclosure action in New York State Supreme Court in Manhattan alleging the loan secured by the Lenox Hill apartment buildings 184 East 64th Street and 227 East 67th Street was in a maturity default. The properties are owned directly by the opportunistic real estate investment firm Continuum Analytics LLC which focuses on managing distressed assets, based in Newport Beach,…
Bowery Residents’ Committee and Urban Builders Collaborative signed a new construction loan with lender UMB Bank valued at $101.4 million for the construction of a homeless shelter at 38-80 11th Street in Long Island City, Queens. On the lot, there is one active new building construction project, Q01126611, for a 150-unit, 110,511 square-foot building. The project was submitted by Urban Builders Collaborative and filed by…
Zeta Charter Schools through the entity 261 Walton Facility LLC paid $29.7 million to Knickpoint Ventures through the entity Tuck-It-Away Associates-Deegan, LLC for the development site (V0) at 261 Walton Avenue in Mott Haven, Bronx. The expected use is ground up development. The deal closed on February 19, 2026 and was recorded on March 4, 2026. The property has zero square feet of built space…
Ranco Capital through the entity 1025 Atlantic LLC paid $14 million to Jacky Jiang and Robert Thomas through the entity 1025 Realty Corp. for the industrial building (E1) at 1025 Atlantic Avenue in Bedford Stuyvesant, Brooklyn. The deal closed on February 26, 2026 and was recorded on March 4, 2026. The property has 8,270 square feet of built space according to a PincusCo analysis of…
Malul & Co. through the entity The Royal Plaza LLC paid $3.9 million to Martin Oliner through the entity Union Turnpike, LLC for the development site (V1) at 161-09 Union Turnpike in Kew Garden Hills, Queens. The expected use is ground up development. The deal closed on February 2, 2026 and was recorded on March 4, 2026. The property has zero square feet of built…
Gazivoda Realty through the entity 1860 Morris LLC paid $4.3 million to Gary Perlow and Amy Chasin through the entity 1860 Morris Associates for the 67-unit residential elevator building (D1) at 1860 Morris Avenue in Mt Hope, Bronx. The expected use is cash flowing. The deal closed on February 27, 2026 and was recorded on March 4, 2026. The property has 66,550 square feet of…
Gadi Ben-Hamo through the entity 16219 Hillside LLC paid $12.8 million to the Halpern and Koeppel families for seven properties including the retail building (K1) at 162-11 Hillside Avenue, the mixed-use building (K2) at 162-27 Hillside Avenue, and the retail building (K1) at 162-21 Hillside Avenue in Jamaica Hills, Queens. The expected use is ground up development. The deal closed on February 4, 2026 and…
Philip Cabbad through the entity 101-107 5th Ave. LLC paid $9.2 million to the Cabbad Family through the entity Cabbad Family Limited Liability Company for the two-unit mixed-use building (S2) at 107 5th Avenue in Park Slope, Brooklyn, two-unit mixed-use building (S2) at 103 5th Avenue in Park Slope, Brooklyn, and two-unit mixed-use building (S2) at 101 5th Avenue in Park Slope, Brooklyn. The expected…
