The Swiss luxury goods retailer Richemont which occupies the entire five-story retail building at 690 Madison Avenue in Lenox Hill, Manhattan, through its French high-end jewelry brand Van Cleef & Arpels, paid $54.5 million to SL Green Realty and Jeff Sutton, owner of Wharton Properties, to purchase the property, according to sources. SL Green Realty announced yesterday in a press release that it and Jeff…
The long-running legal battle over the nonprofit founded by the shah of Iran, the Alavi Foundation, and its Midtown West trophy asset at 650 Fifth Avenue, is near its resolution following a $318 million settlement agreement with the United States and other creditors including families of victims of terrorist attacks. According to an amended petition (Alavi Foundation 650 Fifth Avenue) approved in January by the…
Kinsmen Property Group through the entity 62-64 Third Ave L.P. as borrower signed a refi loan with lender TD Bank through the entity Td Bank, N.A. valued at $32.9 million for a development composed of six properties with 30 residential units including the 12-unit residential walkup building (C7) at 50 3rd Avenue in East Village, Manhattan, 10-unit residential walkup building (C7) at 64 3rd Avenue…
W Group through the entity Elener Associates, LLC as borrower signed a refi loan with lender Greystone & Co. through the entity Greystone Funding Company LLC valued at $67.2 million for the 256-bed assisted living facility (I7) at 6355 Broadway in North Riverdale, Bronx. The deal closed on February 18, 2026 and was recorded on February 27, 2026. The prior lender was Monticelloam which held…
Solomon Schwimmer through the entity Beaver Heights LLC paid $3.5 million to Dalan Real Estate through the entity 16 Beaver Enterprises LLC for the ground lease that controls the office and retail building (O5) at 16 Beaver Street in Financial District, Manhattan. The expected use is conversion to 50 residential units and addition of several floors to the existing commercial building. On the lot, there…
Ching Kuo Chiang and Jeong Soon Chiang through the entity JC 196 LLC paid $3.5 million to funeral home owner Martin A. Gleason Inc. for the retail building (K7) at 196-01 Northern Boulevard in Auberndale, Queens. The expected use is cash flowing. This property is occupied by Alma Bank. The deal closed on February 6, 2026 and was recorded on February 27, 2026. The property…
The entity 690 Humboldt Street, LLC paid $3.8 million to Bushwack Capital through the entity Samasen LLC for the three-unit building (C0) at 690 Humboldt Street in Greenpoint, Brooklyn. The deal closed on February 25, 2026 and was recorded on February 27, 2026. The property has 2,538 square feet of built space and 1,062 square feet of additional air rights for a total buildable of…
The Japan-based Okada Denki Sangyo Co. through the entity Okada Denki Sangyo Co., Ltd. paid $4.7 million to Penn South Capital through the entity Java By Grogu LLC for the three-unit building (C0) at 133 Java Street in Greenpoint, Brooklyn. The expected use is cash flowing. The deal closed on February 11, 2026 and was recorded on February 27, 2026. The property has 3,048 square…
Red Brick Properties through the entity 839 President Street LLC sold the three-unit building (C0) at 839 President Street in Park Slope, Brooklyn. The expected use is cash flowing. The deal closed on February 13, 2026 and was recorded on February 27, 2026. The property has 4,960 square feet of built space and 1,090 square feet of additional air rights for a total buildable of…
The Barbour family through the entity 120 Dean LLC paid $4.7 million for the four-unit building (C3) at 120 Dean Street in Boerum Hill, Brooklyn. The deal closed on February 20, 2026 and was recorded on February 27, 2026. The property has 3,936 square feet of built space and 436 square feet of additional air rights for a total buildable of 4,366 square feet according…
The property’s former lender iCross Capital, through the entity NY Secured Funding LLC paid $7.5 million in a bankruptcy through the entity Hello Albemarle LLC for the 43-unit residential elevator building (D3) at 2417-2421 Albemarle Road in Flatbush, Brooklyn. The expected use is cash flowing. The former owner was Hello Living. The deal closed on February 24, 2026 and was recorded on February 27, 2026. The…
Subhash Makhija , co-founder and CEO of GEP, a global procurement advisory firm, through the entity 121 Varick Street, Third Floor LLC paid Ascot Properties NYC through the entity Lb 121 Varick Associates LLC $6.5 million for the third floor office condominium unit at 121 Varick Street in Hudson Square, Manhattan. The deal closed on February 25, 2026 and was recorded on February 27, 2026….
Artifact and Ashok Khubani through the entity West 158 Street Opportunity, LLC as borrower signed a refi loan with lender Genesis Capital through the entity Genesis Capital, LLC valued at $85.5 million for the 13-unit development building (V1) at 636-646 West 158th Street in Washington Heights, Manhattan. On the lot, there is a new building construction project, M00628781, for a 120-unit, 118,559 square-foot residential (R-2)…
Farallon Capital Management and Fetner Properties through the entity 85 East End Owner, LLC as borrower signed a refi loan with lender Trimont valued at $46.4 million for the 155-unit residential elevator building (D6) at 85 East End Avenue in Yorkville, Manhattan. The deal closed on February 10, 2026 and was recorded on February 26, 2026. The prior lender was Brookfield Properties which held debt…
Anna Bangiyev through the entity Mirage Realty Group, LLC paid $3.5 million to Boris Khaimov through the entity 91 Park, LLC for the two mixed-use buildings (K2) at 91-08 to 91-10 63rd Drive in Rego Park, Queens. The expected use is cash flowing. The deal closed on February 13, 2026 and was recorded on February 26, 2026. The two properties have 5,580 square feet of built…
Developer RNS Holdings NY through the entity Govli Holdings LLC paid $3.2 million to Simkho Aranbayev and Nathan Pinkhasov through the entity 8302 Sa LLC for the retail building (K1) at 9508 Church Avenue in East Flatbush, Brooklyn. The expected use is ground up development. The deal closed on February 13, 2026 and was recorded on February 26, 2026. The property has 6,900 square feet…
Swaran Singh through the entity Van Horn Street LLC paid $3.6 million to Paul Alicanti through the entity Arp, Inc. for the 20-unit residential elevator building (D9) at 86-02 57th Avenue in Elmhurst, Queens. The expected use is cash flowing. The deal closed on February 19, 2026 and was recorded on February 26, 2026. The property has 11,399 square feet of built space according to…
Graph Group through the entity 132 Havemeyer St Owner LLC as borrower signed a refi loan with lender Citibank through the entity Citi Real Estate Funding Inc. valued at $14.6 million for two properties with 29 residential units including the 16-unit mixed-use with retail building at 132 Havemeyer Street in Williamsburg, Brooklyn, and the 13-unit residential walkup building (C1) at 654 Park Place in Crown…
Century Development Group through the entity 45 RD Ventures LLC paid $15 million to RD Management through the entity FE 45th Road LLC for the development parcel (V1) at 10-38 45th Road in Long Island City, Queens. The expected use is ground up development. Erik Ekstein of Ekstein Development Group was identified as manager of the seller entity, FE 45th Road LLC, in 2008. Ekstein…
The development firm Avdoo through the entity 100 West 17th Street Owner LLC signed a contract as buyer with the family office Wasserstein Enterprises through the entity JGCB LLC (and others) as seller for a corner development site composed of five tax parcels including the vacant lot at 587 Sixth Avenue, the 16-unit residential elevator building (D5) at 104 West 17th Street, the office building…
