LoanCore Capital filed three pre-foreclosure actions yesterday in New York State Supreme Court in Manhattan alleging three properties with a total of $72.6 million in debt were in maturity defaults. The properties, 251 West 39th Street and 580 Eighth Avenue in the Garment District, and 36 East 20th Street in Flatiron District, are owned by affiliates of the borrower UNG Realty Co. The lender filed…
Global Holdings Management Group through the entity 1250 Broadway Associates LLC as borrower signed a refi loan with lender Wells Fargo valued at $450 million for the office building (O4) at 1250 Broadway in Penn Plaza, Manhattan. The deal closed on February 20, 2026 and was recorded on March 2, 2026. The prior lender was HSBC Bank which held debt that had an original loan…
Aurora Capital Associates, A&H Acquisitions and Midtown Equities through the entity CAC Atlantic LLC as borrower signed a refi loan with lender Webster Bank valued at $40 million for the 74-unit mixed-use building at 239 Atlantic Avenue in Boerum Hill, Brooklyn. The building is divided into a residential condominium unit and a retail condo unit. The prior lender Wells Fargo filed a pre-foreclosure action in…
Westbridge Realty Group through the entity 2925 Westchester LLC paid $2.1 million to Gary Budoff through the entity Aj Partners Holdings LLC for the ground lease mixed-use building (K2) at 2925 Westchester Avenue in Pelham Bay, Bronx. The expected use is ground up development. The deal closed on February 9, 2026 and was recorded on March 2, 2026. The property has 16,000 square feet of…
A group that includes Soly Halabi as manager, through the entity 138-140 Montague St. LLC, paid $6 million to the estate of Gloria Rivera for the 22-unit residential walkup building (C7) at 138-140 Montague Street in Brooklyn Heights, Brooklyn. The expected use is cash flowing. The deal closed on February 25, 2026 and was recorded on March 3, 2026. The property has 16,334 square feet…
Edward Vays, Benjamin Smuk, Philip S. Green, and Seth A. Green through the entity 64 Schulyer LLC paid $3.5 million to the Blas family for the two-unit mixed-use building (S2) at 296 Grand Street in Williamsburg, Brooklyn. The expected use is cash flowing. The deal closed on February 20, 2026 and was recorded on March 3, 2026. The property has 3,000 square feet of built…
Sunoco through the entity Sunoco Retail LLC paid $3.2 million to Capitol Petroleum Group through the entity Mk Westchester LLC for the leasehold controlling the gas station (G3) at 6418 7th Avenue in Sunset Park, Brooklyn. The expected use is owner-occupied. The deal closed on February 13, 2026 and was recorded on March 3, 2026. The property has 2,800 square feet of built space and…
Surjeet Singh through the entity Lincoln 115 Realty LLC paid $2.5 million to Bronstein Properties through the entity Liberty 115 LLC for the 24-unit residential walkup building (C1) at 104-20 115th Street in South Ozone Park, Queens. The expected use is cash flowing. The deal closed on February 18, 2026 and was recorded on March 3, 2026. The property has 18,000 square feet of built…
Robert Lumaj, who leads Atlantis Development paid $2.9 million through a bankruptcy to Cojam Construction through the entity Cojam Construction, Inc. for the industrial building (E1) at 8-48 Astoria Boulevard in Astoria, Queens, and two adjacent vacant parcels. The expected use is ground up development. The deal closed on February 26, 2026 and was recorded on March 3, 2026. The three properties have 2,440 square…
Modern Abstraction Gallery through the entity Modern Abstraction Gallery LLC paid $3 million to The entity SBG USA, Corp., with executive Taketoshi Fukuchi, for the mixed-use building (K4) at 235 East 58th Street in Midtown East, Manhattan. The expected use is owner-occupied. The deal closed on February 27, 2026 and was recorded on March 3, 2026. The property has 4,005 square feet of built space…
Bushwack Capital through the entity Samasen LLC paid $3 million through an estate sale for the three-unit building (C0) at 357 Degraw Street in Carroll Gardens, Brooklyn. The expected use is cash flowing. The deal closed on February 27, 2026 and was recorded on March 2, 2026. The property has 2,720 square feet of built space and 787 square feet of additional air rights for…
Ioannis Likidis through the entity 31 And Ditmars LLC paid $10 million to Abro Management through the entity Astoria LLC for the mixed-use building (K2) at 22-55 31st Street in Ditmars Steinway, Queens. The deal closed on February 12, 2026 and was recorded on March 2, 2026. The property has 16,380 square feet of built space and 12,662 square feet of additional air rights for…
Piller Capital Management through the entity PPSP Associates LLC paid $79.8 million to Camber Property Group through the entity PPSP Preservation LLC for the 384-unit portfolio including the 145-unit residential elevator building (D1) at 211 Linden Boulevard in East Flatbush, Brooklyn, 68-unit residential elevator building (D1) at 280 East 21st Street in Flatbush, Brooklyn, and 30-unit residential elevator building (D1) at 682 Ocean Avenue in…
UPDATED 3:00 p.m., March 4, 2026: Wharton Properties through the entity 1551-1555 Broadway Owner LLC as borrower signed a refi loan with lender Acore Capital through the entity Acore Capital Mortgage, LP valued at $176 million for two retail properties including the retail building (K2) at 1551-1553 Broadway and the retail building (K2) at 1555 Broadway in Times Square, Manhattan. The deal closed on February…
Convergent Energy and Power through the entity Bensonhurst Energy Storage 1, LLC as borrower signed a initial loan with lender MUFG Bank valued at $17.3 million for the battery energy storage system with the approximate address of 1017 East 48th Street in East Flatbush, Brooklyn. The deal closed on February 13, 2026 and was recorded on February 27, 2026. The property has zero square feet…
Eden Ashourzadeh through the entity 113 Eagle LLC paid $2.6 million for the five-unit residential walkup building (C2) at 113 Eagle Street in Greenpoint, Brooklyn. The expected use is cash flowing. The deal closed on February 18, 2026 and was recorded on February 27, 2026. The property has 2,280 square feet of built space and 2,725 square feet of additional air rights for a total…
Pinches Abowitz through the entity Foam Place Holdings L.L.C. as borrower signed a refi loan with lender Popular Bank through the entity Popular Bank valued at $16.9 million for the 68-unit residential elevator building (D3) at 11-19 Foam Place in Far Rockaway, Queens. The deal closed on February 4, 2026 and was recorded on February 27, 2026. The prior lender was Popular Bank which held…
Lions Group through the entity 100 Christopher LLC as borrower signed a refi loan with lender Greystone & Co. through the entity Greystone Servicing Company LLC valued at $18.7 million for the 37-unit residential walkup building (C7) at 100 Christopher Street in the West Village, Manhattan. The deal closed on February 23, 2026 and was recorded on February 27, 2026. The prior lender was Ladder…
Global Holdings Management Group through the entity GH 51 Irving LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $28 million for the 56-unit residential elevator building (D6) at 51 Irving Place in Gramercy, Manhattan. The deal closed on February 12, 2026 and was recorded on February 27, 2026. The prior lender was Citibank which held debt that had an original…
Baoqi Ji through the entity 1701 Gates Avenue LLC paid $2.9 million for the five-unit mixed-use building (S5) at 1701 Gates Avenue in Ridgewood, Queens. The expected use is cash flowing. The deal closed on February 12, 2026 and was recorded on February 27, 2026. The property has 5,850 square feet of built space according to a PincusCo analysis of city data. The sale price…
