Joseph Borenstein paid $12.39 million to Jacob Shafran for two walkup in the Bronx in two transactions. In the first, Joseph Borenstein through the entity Crotona Park North Realty LLC paid $6.7 million to Jacob Shafran through the entity 59wa LLC for the 11-unit residential walkup building (C1) at 897 Crotona Park North in East Morrisania, Bronx. The expected use is cash flowing. The deal…
Tredway through the entity Restore Herkimer Preservation LLC paid $41.5 million for a ground lease to Phoenix Realty Group through the entity 260 Herkimer Street Limited Partnership which controls the 139-unit residential elevator building (D1) at 234 Herkimer Street and the 138-unit property at 260 Herkimer Street in Bedford Stuyvesant, Brooklyn. The expected use is cash flowing. The deal closed on May 15, 2026 and…
Two80 Real Estate Ventures through the entity 120 Haven Realty LLC paid $5 million to Marina Kafarski through the entity Hudson Cliff Realty, L.L.C. for the 36-unit residential walkup building (C1) at 120 Haven Avenue in Washington Heights, Manhattan. The expected use is cash flowing. The deal closed on May 28, 2026 and was recorded on June 3, 2026. The property has 25,755 square feet…
Adam Croman and Jake Croman through the entity 118 Mulberry LLC paid $2.3 million to Martin Jajan through the entity 118 Mulberry Realty LLC for the 19-unit residential walkup building (C7) at 118 Mulberry Street in Little Italy, Manhattan. The expected use is cash flowing. The deal closed on May 13, 2026 and was recorded on June 3, 2026. The property has 11,154 square feet…
Borough Developers and David Tabak through the entity Three One Three LLC as borrower signed a refi loan with lender QuadReal Property Group through the entity Qr Us Finance Reit LLC valued at $40 million for the 87-unit residential rental building at 313 East 17th Street in Gramercy, Manhattan and the adjacent nine-unit rental building at 321 East 17th Street. The deal closed on May…
Firebird Grove through the entity OR Patchin Place LLC as borrower signed a refi loan with lender Morgan Stanley through the entity Morgan Stanley Private Bank valued at $20 million for 10 properties with 33 residential units including the four-unit mixed-use building (S4) at 9 Patchin Place in Greenwich Village, Manhattan, five-unit residential walkup building (C2) at 7 Patchin Place in Greenwich Village, Manhattan, and…
Justin Management through the entity 1239 Operating LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $63.2 million for two properties including the office building (O6) at 856 Sixth Avenue and the retail (K4) building at 864 Sixth Avenue in Penn Plaza, Manhattan. The deal closed on May 21, 2026 and was recorded on June 3, 2026. The prior lender was…
Yin Chou Hu through the entity Northern Plaza LLC paid $9 million to the entity Ric Rac North L.L.C for the retail building (K1) at 146-13 Northern Boulevard in Flushing, Queens. The expected use is ground up development, as it was marketed as a potential development site. The deal closed on May 19, 2026 and was recorded on June 4, 2026. The property has 1,710…
Lender Emerald Creek Capital through the entity ECC Bowery LLC, took title to the 18-unit mixed-use building (O6) at 139 Bowery in the Lower East Side, Manhattan, with a transfer value of $49.5 million. The expected use is hold for sale. The former owner Hung Kwong Leung through the entity Global Joint Venture, Inc., filed bankruptcy a year ago following a default on a $32…
Empire State Realty Trust, also known as ESRT, paid $113.6 million to Charles Cohen’s Cohen Brothers Realty for two ground leased fee properties in Manhattan, in two transactions. In both cases, ESRT is the ground tenant, so with these transactions is taking full control of both properties. In the larger, Empire State Realty Trust through the entity ESRT 1400 Broadway Fee, L.L.C. paid $61.3 million…
Gabriel Weiser through the entity 132 W Broadway LLC paid $4.8 million to the entity Joy B, LLC for the office building (O2) at 132 West Broadway in Tribeca, Manhattan. The deal closed on May 21, 2026 and was recorded on June 4, 2026. The property has 2,500 square feet of built space and 5,102 square feet of additional air rights for a total buildable…
Anbau Inc. through the entity 127 W 12th Owner LLC paid $7 million for the seven-unit residential walkup building (C5) at 127 West 12th Street in Greenwich Village, Manhattan. The expected use is cash flowing. The deal closed on May 18, 2026 and was recorded on June 4, 2026. The property has 4,299 square feet of built space and 1,347 square feet of additional air…
Savo Brothers through the entity 2025 Richmond Avenue LLC paid the entity Clove Gardens I, LLC, $8.3 million for nursing home buildings (N2) at 18 and 20 Bristol Avenue in Sunnyside, Staten Island. 20 Bristol Avenue was the former home of the Swedish Home for the Aged. The expected use is ground up development and/or redevelopment. The deal closed on May 19, 2026 and was…
Delshah Capital , AM Property Holding , and REALM through the entity CitySpire JV LLC paid Tishman Speyer and the Singapore sovereign fund GIC through the entity CitySpire REIT, Inc., $130 million for the office and retail condominium unit of the CitySpire tower spanning 24 floors at 150 West 56th Street in Midtown West, Manhattan. The Commercial Observer reported on the sale in February 2026….
Javeri Capital through the entity 196 Bowery Owner LLC paid $11.4 million to the entity Bowery Square Corp. for the seven-unit residential elevator building (D6) at 196 Bowery in Nolita, Manhattan. The expected use is cash flowing. The deal closed on May 26, 2026 and was recorded on June 4, 2026. The property has 15,128 square feet of built space according to a PincusCo analysis…
TARGO Capital Partners paid $80.75 million to S&H Equities for seven buildings in Greenwich Village, East Village and Lower East Side, with a total of 76,182 square feet and 110 residential units, in seven transactions. The entity S&H Equities was formed by the late Serge Hoyda and Amir Chaluts in 1995 to own this portfolio. Hoyda died at the age of 74 in early 2025….
Spectra Construction and Development through the entity Ww Lexington, LLC as borrower signed a new construction loan with lender Castellan Capital through the entity 120 Lexington LLC valued at $28 million for three tax lots making up the 43-unit project at 129 East 28th Street in NoMad, Manhattan. On these lots, there is a new building project, M01230688, for a 43-unit, 38,405 square-foot residential (R-2)…
Sackman Enterprises through the entity Marsac Realty, LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $10.69 million for four residential walkup properties with 35 residential units including the 10-unit residential walkup building (C7) at 203 West 84th Street in Upper West Side, Manhattan, eight-unit residential walkup building (C7) at 730 10th Avenue in Hell’s Kitchen, Manhattan, and nine-unit residential walkup…
Claremont Companies through the entity Soho Hotel LLC as borrower signed a refi loan with lender City National Bank through the entity City National Bank valued at $56.5 million for the Courtyard by Marriott New York Manhattan/SoHo hotel building (H2) at 181 Varick Street in Hudson Square, Manhattan. The deal closed on May 22, 2026 and was recorded on June 2, 2026. The prior lender…
Abdiel Capital Advisors through the entity Norwood House LLC paid $13.1 million through a real estate owned transaction to Starwood Mortgage Capital through the entity 241 Norwood, LLC for the three-unit building (C0), a city landmark known as the Andrew S. Norwood House, at 241 West 14th Street in Chelsea, Manhattan. The deal closed on May 15, 2026 and was recorded on June 3, 2026….
