Mark D. Kalimian signed two loans totaling $48 million with Apple Bank for Savings for rental buildings in Nolita and Flatiron District in two separate transactions. In the first, Mark D. Kalimian through the entity Almark Holding Co. LLC as borrower signed a refi loan with lender Apple Bank for Savings valued at $30.8 million for the 162-unit rental (D7) at 65 East Houston Street…
Aaron Berger through the entity Five Seventy Three Properties Management LLC as borrower signed a refi loan with lender Peapack-Gladstone Bank valued at $9.8 million for the 29-unit rental (D7) at 573 Metropolitan Avenue in Williamsburg, Brooklyn. The deal closed on December 3, 2021 and was recorded on December 20, 2021. The property has 24,621 square feet of built space according to PincusCo analysis of…
Xiao Jun Chen through the entity Sunshine Brooklyn LLC as borrower signed a new construction loan with lender Cathay Bank through the entity Cathay Bank valued at $9.1 million for the development site (V1) at 636 86th Street in Bay Ridge, Brooklyn. The deal closed on November 8, 2021 and was recorded on December 20, 2021. The property has 0 square feet of built space…
By Varvara Budetti Two companies affiliated with Joel Wiener, Federal Realty New York and Pinnacle Management Co. are suing Forest City Realty Trust and Brookfield Properties after a contract dispute at the rental building the Wiener entities and Bruce Ratner’s Forest City jointly owned, 111 Worth Street, according to a complaint filed last week in New York State Supreme Court. LINK Court records include an…
Black Spruce Management through the entity W101 LLC paid $36 million to Sofia Einy for the 81-unit rental (D6) at 215 West 101st Street in Upper West Side, Manhattan. The deal closed on November 3, 2021 and was recorded on December 17, 2021. The property has 95,400 square feet of built space according to PincusCo analysis of city data. The sale price per built square…
Crane Partners Asset Management through the entity 501 Broadway Cp LLC paid $27.5 million to Vornado Realty Trust through the entity VNO 501 Broadway LLC for the retail condo (CC) at 72 Mercer Street in SoHo, Manhattan. The deal closed on December 7, 2021 and was recorded on December 17, 2021. The property has 13,666 square feet of built space according to PincusCo analysis of…
Rockledge Ventures through the entity Rockledge 7201 Ridge LLC paid $10.4 million to Marguerite Behette through the entity 7201 Realty LLC for the 59-unit rental (D1) at 7201 Ridge Boulevard in Bay Ridge, Brooklyn. The deal closed on November 22, 2021 and was recorded on December 17, 2021. The property has 46,200 square feet of built space according to PincusCo analysis of city data. The…
Angela Gazivoda through the entity 2355 Beaumont LLC paid $7.8 million to Charles F. Locascio through the entity Lil-Fra-Joe, Ltd. for 64-unit rental (D7) at 2355 Beaumont Avenue in Belmont/Little Italy, Bronx. The deal closed on December 7, 2021 and was recorded on December 17, 2021. The property has 54,635 square feet of built space according to PincusCo analysis of city data. The sale price…
Crown Acquisitions, LTNG, and Michael Meyer through the entity 69-40 Austin Street Partners LLC paid $7.5 million to Bramson Ort Technical Institute for retail condo units (CC) at 69-40 Austin Street in Forest Hills, Queens. The deal closed on November 12, 2021 and was recorded on December 17, 2021. The nine properties have 41,077 square feet of built space according to PincusCo analysis of city…
Shibber Khan’s Criterion Group through the entity 3536 Peartree Industrial LLC paid $5.8 million to Asset Realty & Construction Group through the entity Sf Peartree Holdings LLC for the development site (V1) at 3536 Peartree Avenue in Eastchester, Bronx. The deal closed on December 1, 2021 and was recorded on December 17, 2021. The property has 0 square feet of built space and 77,710 square…
The Stagg Group through the entity Gunhill BH LLC paid $4 million to Frank Cinquemani through the entity East End Gun Hill LLC for industrial (G7) at 743 East Gunhill Road in Williamsbridge, Bronx. The deal closed on November 17, 2021 and was recorded on December 17, 2021. The property has 0 square feet of built space and 41,832 square feet of additional air rights…
Gal Sela’s Sela Group through the entity Manhattan Avenue Hotel LLC as borrower signed a rehab construction loan with lender Madison Realty Capital through the entity Brooklyn Queens Portfolio Lender 1 LLC valued at $99 million for six properties including the industrial (E1) at 29 Ryerson Street in Clinton Hill, Brooklyn, rental (HR) at 1109 Manhattan Avenue in Greenpoint, Brooklyn, and hotel (H9) at 39-35…
Jay Group, AB & Sons Group, and Jacob Aini through the entity 620 W 153 Realty LLC as borrower signed a new construction loan with lender Bank Hapoalim through the entity Bank Hapoalim B.M. valued at $67.8 million for the 238-unit residential project at 620 West 153rd Street in Harlem, Manhattan. The deal closed on December 3, 2021 and was recorded on December 17, 2021….
Alan Manocherian through the entity Amdar Company, LLC as borrower signed a refi loan with lender Bank of New York Mellon valued at $40 million for the 176-unit rental (D5) at 752 Broadway in Greenwich Village, Manhattan. The deal closed on December 1, 2021 and was recorded on December 17, 2021. The property has 147,773 square feet of built space according to PincusCo analysis of…
Dynamic Star through the entity AAGS Holdings LLC as borrower signed a refi loan with lender Columbia Pacific Advisors through the entity Cpif Mra, LLC valued at $38.5 million for the industrial (F2) at 23-10 Queens Plaza South in Hunters Point/Long Island City, Queens. The deal closed on December 3, 2021 and was recorded on December 17, 2021. The property has 108,000 square feet of…
Pineapple Hospitality through the entity NY Dream LLC as borrower signed a refi loan with lender Mizzen Capital, LP valued at $15.5 million for the hotel (H3) at 337 West 36th Street in Hell’s Kitchen, Manhattan. The deal closed on August 26, 2021 and was recorded on December 17, 2021. The property has 39,291 square feet of built space according to PincusCo analysis of city…
United Construction & Development through the entity Justice Ave Tower II, LLC as borrower signed a refi loan with lender New Land Capital through the entity New Land Capital I LLC valued at $7.2 million for the development site (V1) at 86-55 Queens Boulevard in Elmhurst, Queens. The deal closed on October 8, 2021 and was recorded on December 17, 2021. The property has 0…
Israeli investor Yoav Harlap through the entity YH Estates LLC, filed his second suit against Ziel Feldman and HFZ Capital Group in the past 13 months, alleging wrongdoing by the developer. The first suit, brought by YH Lex Estates LLC, was related to development of a condominium project at 1133 Lexington Avenue. The new suit is suing over a $10 million loan Harlap provided connected…
Price Stone through the entity 743 LLC paid $7 million to Marc Fishman through the entity Edith Court Properties, LLC for industrial (F9) at 743 Myrtle Avenue in Bed Stuy, Brooklyn. The deal closed on December 3, 2021 and was recorded on December 16, 2021. The property has 15,000 square feet of built space and 51,268 square feet of additional air rights for a total…
Extell Development through the entity Ues Residential LLC paid $6.6 million to Expert Management through the entity 1524-1st Avenue Realty Co. LLC for development parcels (V1) at 1526 1st Avenue in Upper East Side, Manhattan, development site (V1) at 1524 1st Avenue in Upper East Side, Manhattan, and development site (V1) at 1522 1st Avenue in Upper East Side, Manhattan. The deal closed on November…
