The Gindi family’s ASG Equities through the entity 502/12 86th Street LLC as borrower signed a renovation construction loan with lender Oceanview Life and Annuity Company valued at $29 million for the retail building (K4) at 8613 5th Avenue in Bay Ridge, Brooklyn. The deal closed on April 18, 2024 and was recorded on April 24, 2024. The prior lender was North American Company for…
The entity Triple 6 On Grand LLC paid $2.2 million to Bendicta Cordero Aloyo for the six-unit mixed-use building (S5) at 666 Grand Street in Williamsburg, Brooklyn. The deal closed on April 16, 2024 and was recorded on April 24, 2024. The property has 5,500 square feet of built space and 2,005 square feet of additional air rights for a total buildable of 7,496 square…
Joel Freund paid $2.5 million to Sharon Hakmon through the entity 3109 Buhre Ave Corp. for the stalled, 18-unit development site at 3109 Buhre Avenue in Pelham Bay, the Bronx, according to the brokers on the deal. The sale went into contract on December 18, 2023, and closed on April 18, 2024. The sale has not yet been recorded in city records. The sale was…
Peak Capital Advisors through the entity 51 5th Owner LLC paid $4.3 million to Wilfredo Garrastegui and Gladys Garrastegui for the six-unit mixed-use building (S5) at 51 5th Avenue in Park Slope, Brooklyn. Peak Capital Advisors is one of the city’s most active buyers of multifamily properties. The deal closed on April 22, 2024 and was recorded on April 24, 2024. The property has 6,316…
Lam Group through the entity 233 West 125th Street Danforth, LLC paid $19.2 million to Harlem Community Development Corporation for four commercial condominium units for retail, hotel, residential and garage, in the new construction building at 233 West 125th Street in Harlem, Manhattan. The deal closed on April 12, 2024 and was recorded on April 24, 2024. The signatory for Harlem Community Development Corporation was…
Carlyle Group through the entity Ss Nyc Eny, L.L.C. paid $20 million to Equity Resource Investments and SNL Storage through the entity Snl Orix Eny Avenue, LLC for the industrial building (E7) at 1690-1696 East New York Avenue in Brownsville, Brooklyn. The deal closed on April 12, 2024 and was recorded on April 24, 2024. The property has 61,951 square feet of built space according…
Yellowstone Real Estate Investments through the entity YS 1740 Broadway Owner LLC paid $185.9 million to Blackstone Group through the entity Bre 1740 Broadway LLC for the office building (O4) at 1740 Broadway in Midtown West, Manhattan. The deal closed on April 19, 2024 and was recorded on April 24, 2024. The property has 519,600 square feet of built space according to a PincusCo analysis…
GDC Properties through the entity Peregrine Funding, LLC as borrower signed a refi loan with lender Webster Bank valued at $12.5 million for the retail and residential building at 625 Driggs Avenue in Williamsburg, Brooklyn. The deal closed on March 27, 2024 and was recorded on April 23, 2024. The prior lender was KeyBank which held debt that had an original loan amount of $11.5…
Lightstone Group through the entity Bedford Avenue Associates LLC as borrower signed a refi loan with lender Western Alliance Bank valued at $86 million for the hotel building (H2) at 361 Bedford Avenue in Williamsburg, Brooklyn, occupied by Marriott International’s Moxy Brooklyn Williamsburg. The deal closed on April 19, 2024 and was recorded on April 23, 2024. The prior lender was G4 Capital Partners which…
Penn South Capital through the entity Vrh 430 E 13 LLC paid $3.4 million to Bernice Harris through the entity 430 East 13th LLC for the 15-unit residential walkup building (C1) at 430 East 13th Street in East Village, Manhattan. The deal closed on April 18, 2024 and was recorded on April 23, 2024. The property has 6,364 square feet of built space and 3,655…
The entity Residenza23 LLC with unknown ownership paid $5 million to Jaroslaw Leshko and Alla Leshko for the five-unit mixed-use building (S5) at 23 East 9th Street in Greenwich Village, Manhattan. The deal closed on April 16, 2024 and was recorded on April 23, 2024. The property has 4,786 square feet of built space and 7,698 square feet of additional air rights for a total…
A joint venture including Ashkenazy Acquisition through the entity 555 Retail Owner LLC, lost three retail and garage condominium properties at 555 West 59th Street in Hell’s Kitchen, Manhattan, that once secured a $19.9 million loan, to it lender in a foreclosure auction earlier this month. The new owners are the bondholders of a commercial mortgage-backed security, COMM 2014-CCRE16, managed by special servicer LNR Partners,…
The New York City School Construction Authority paid $12.65 million to two seller groups in two transactions for 6389 to 6393 Broadway, and a smaller adjacent lot with no address on Broadway, all in North Riverdale, the Bronx. The New York City School Construction Authority is one of the most active buyers and developers in the city. In the larger transaction, NYC School Construction Authority…
Carlyle Group through the entity SS NYC 18th Street, L.L.C. paid $25.6 million to Equity Resource Investments and SNL Storage through the entity SNL XVII, LLC for the industrial building (E7) at 145 18th Street in Greenwood Heights, Brooklyn. The deal closed on April 12, 2024 and was recorded on April 23, 2024. The property has 76,888 square feet of built space according to a…
Two Midtown East properties, the Charles Scribner’s Sons Building at 597 Fifth Avenue and an adjacent building at 3 East 48th Street, that Thor Equities bought in 2011 for a combined $108.5 million moved closer to a foreclosure auction with a State Supreme Court judge’s ruling this month approving both a judgment of foreclosure and the appointment of a referee to assess the total due…
Dean Palin through the entity 511 East 80th Street, LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $10.2 million for the 128-unit residential elevator building (D6) at 511 East 80th Street in Yorkville, Manhattan. The deal closed on April 19, 2024 and was recorded on April 22, 2024. The prior lender was JPMorgan Chase which held debt that had an…
Lam Group through the entity Ahsat Holdings LLC as borrower signed a refi loan with lender Bank Hapoalim valued at $41 million for the hotel building (H2) at 216 Duffield Street in Downtown Brooklyn, Brooklyn. The deal closed on April 15, 2024 and was recorded on April 22, 2024. The prior lender was East West Bank which held debt that had an original loan amount…
Beitel Group through the entity 120 East 144 Owner LLC as borrower signed a new construction loan with lender Slate Property Group through the entity Scale 144th Mott Haven LLC valued at $150 million for the industrial building (E1) at 120 East 144th Street in Mott Haven, Bronx. On the lot, there is one active new building construction project for a 452-unit, 306,893 square-foot residential…
Sanjaya Mallick through the entity 2343 Valentine LLC paid $2.1 million to Victor Luciano through the entity 2343 Valentine Real Estate Inc for the 31-unit residential walkup building (C1) at 2343 Valentine Avenue in Fordham Heights, Bronx. The deal closed on April 17, 2024 and was recorded on April 22, 2024. The property has 23,771 square feet of built space and 21,389 square feet of…
Utica Avenue Plumbing Supply through the entity 1368 Utica Avenue Realty, LLC paid $2.3 million to Mount Sinai through the entity Beth Israel Medical Center for the industrial building (E1) at 1368 Utica Avenue in East Flatbush, Brooklyn. The deal closed on April 12, 2024 and was recorded on April 22, 2024. The property has 4,000 square feet of built space according to a PincusCo…
