Dever Properties through the entity Dever Properties LLC as borrower signed a refi loan with lender Deutsche Bank through the entity German American Capital Corporation valued at $108 million for the office building (O4) at 215-219 Park Avenue South in Gramercy, Manhattan. The deal closed on February 11, 2026 and was recorded on February 20, 2026. The prior lender was Series 2016-C1, Trimont which held…
Carlyle Group and Property Markets Group through the entity Bayside Gowanus Owner, L.L.C. as borrower signed a refi loan with lender Brookfield Properties through the entity D Vii Sb Spe LLC valued at $296 million for two residential elevator properties with 517 residential units including the 344-unit residential elevator building (D7) at 267 Bond Street in Gowanus, Brooklyn and 173-unit residential elevator building (D7) at…
Brookfield Properties through the entity Technology Services Group Trs LLC as borrower signed a refi loan with lender Citibank, JPMorgan Chase, Wells Fargo, and Bank of Nova Scotia valued at $800 million for the office building (O4) at 225 Liberty Street in Battery Park City, Manhattan. The deal closed on February 6, 2026 and was recorded on February 20, 2026. The prior lender was a…
Gabriel Adiv through the entity Bone Development LLC paid $3 million through an estate sale for the two-unit mixed-use building (S2) at 320 Myrtle Avenue in Fort Greene, Brooklyn. The deal closed on February 11, 2026 and was recorded on February 20, 2026. The property has 3,733 square feet of built space and 2,141 square feet of additional air rights for a total buildable of…
Check cashing firm Community Financial Service Centers through the entity 241 E 167 LLC paid $5.6 million to Solomon Barnathan and Camille Chera through the entity CC Grant Realty LLC for the retail building (K1) at 231-241 East 167th Street in Concourse Village, Bronx. The expected use is owner-occupied. The buyer already occupies the location, according to its website. The deal closed on January 13,…
Pearl Peihua Zheng through the entity Lif 6411 Holding LLC paid $10 million to the Saunders family through the entity ACM 38 LLC for the retail building (K1) at 6411 Fort Hamilton Parkway in Dyker Heights, Brooklyn. The deal closed on February 6, 2026 and was recorded on February 20, 2026. The property has 9,500 square feet of built space and 26,348 square feet of…
Vittorio Antonini through the entity 3 E 9th LLC paid $10.5 million to Robert Belenky through the entity Garden-Bel LLC for the nine-unit residential walkup building (C5) at 3 East 9th Street in Greenwich Village, Manhattan. The expected use is cash flowing. The deal closed on January 30, 2026 and was recorded on February 20, 2026. The property has 5,302 square feet of built space…
JP Real Estate Group Limited paid $25.75 million to Icon Realty Management for two rental buildings, at 450 West 19th Street and 446 West 19th Street, in Chelsea, Manhattan in two transactions. In the larger, JP Real Estate Group Limited through the entity Jp Real Estate Group Limited paid $20 million to Icon Realty Management through the entity 448-450 West 19 Realty Associates LLC for…
Lenders Goldman Sachs, Deutsche Bank and bondholders of Series 2017-WWP, represented by servicer SitusAMC, filed a pre-foreclosure complaint against the owners of Worldwide Plaza, a 2-million-square-foot office tower in Midtown West, Manhattan with addresses including 825 Eighth Avenue. The lawsuit follows a payment default by a joint venture consisting of SL Green Realty, RXR Realty, and New York REIT. The complaint was filed on Friday…
Albert Dayan through the entity 196 Nassau Aretz LLC paid $3.2 million for the five-unit residential walkup building (C2) at 196 Nassau Avenue in Greenpoint, Brooklyn. The expected use is cash flowing. The deal closed on January 30, 2026 and was recorded on February 18, 2026. The property has 4,200 square feet of built space and 800 square feet of additional air rights for a…
DAX Real Estate through the entity 30-38 Franklin Owner LLC as borrower signed a refi loan with lender Trevian Capital through the entity Trevian Capital Reit LLC valued at $11.6 million for four industrial properties including the industrial building (F5) at 38 Franklin Street in Greenpoint, Brooklyn, industrial building (F5) at 30 Franklin Street in Greenpoint, Brooklyn, and industrial building (F5) at 36 Franklin Street…
Olayan Group through the entity Oac 550 Owner LLC as borrower signed a refi loan with lender ING Capital valued at $800 million for the office building (O4) at 550 Madison Avenue in Midtown East, Manhattan. The deal closed on February 13, 2026 and was recorded on February 19, 2026. The prior lender was ING Capital which held debt that had an original loan amount…
MJ Orbach Associates through the entity Of 484 LLC as borrower signed a refi loan with lender Citibank through the entity Citi Real Estate Funding Inc. valued at $28.5 million for seven retail properties including the retail condo at 524 Myrtle Avenue in Clinton Hill, Brooklyn, retail condo at 490 Myrtle Avenue in Clinton Hill, Brooklyn, and retail condo at 504 Myrtle Avenue in Clinton…
Genc Lakaj through the entity 710 Beach LLC as borrower signed a refi loan with lender Wells Fargo valued at $12.2 million for the 41-unit residential elevator building (D1) at 714 Beach Avenue in Soundview, Bronx. The deal closed on February 4, 2026 and was recorded on February 19, 2026. The prior lender was NorthEast Community Bank which held debt that had an original loan…
Harlem Children’s Zone through the entity 2035 Fifth Acquisition, LLC paid $17.8 million to LMXD through the entity 2033 National Black Theatre Way LLC for the commercial condominium unit at 2035 Fifth Avenue in Harlem, Manhattan. The expected use is owner-occupied. The deal closed on February 11, 2026 and was recorded on February 19, 2026. The signatory for LMXD was David Dishy . The signatory…
EMP Capital Group through the entity Emp 37th Street LLC paid $15.4 million to Jeffrey Sitomer and Jeff Gruebel through the entity Cartergavin37 LLC for the industrial building (E9) at 35-43 37th Street in Astoria, Queens. The expected use is ground up development. The deal closed on February 17, 2026 and was recorded on February 19, 2026. The property has 7,020 square feet of built…
Terreno Realty Corporation through the entity Terreno Whitestone LLC paid $92 million to Wildflower Ltd. through the entity WF Industrial X LLC for the industrial building (E1) at 2810 Whitestone Expressway in College Point, Queens. The expected use is cash flowing. The deal closed on February 18, 2026 and was recorded on February 19, 2026. The property has 252,890 square feet of built space according…
Arker Companies, L+M Development Partners, and LIHC Investment Group paid $364.7 million to Michael Shah’s Delshah Capital for a three-parcel, 1,103-unit apartment rental complex in Park Hill, Staten Island, in three separate transactions. In the first, Arker Companies, L+M Development Partners, and LIHC Investment Group through the entity Park Hill II Housing Development Fund Corporation paid $135.3 million to Delshah Capital through the entity Kimso…
Tavros Capital and Atlas Capital through the entity 250 Water Street Owner LLC paid $143 million to Seaport Entertainment Group through the entity 250 Seaport District, LLC for the development building (V1) at 250 Water Street in Financial District, Manhattan. The expected use is ground up development. The deal closed on February 5, 2026 and was recorded on February 19, 2026. The property has zero…
Jeffrey Simpson, the co-founder of the real estate investment and development company Arch Companies, filed for personal bankruptcy yesterday in the Southern District of New York, under Chapter 11. The company has been embroiled in a long-running and acrimonious litigation over control of the company and the disposition of its assets, with Simpson on one side and his co-founder Jared Chassen and the Wiener family’s…
