Denali Management through the entity 2390 C LLC paid $3.8 million to Samuel Jacobowitz through the entity 2390 Creston Realty LLC for 20-unit rental (C1) at 2390 Creston Avenue in Fordham Heights, Bronx. The deal closed on December 9, 2021 and was recorded on December 16, 2021. The property has 17,290 square feet of built space and 11,305 square feet of additional air rights for…
Abraham Herzog through the entity Thg 101 LLC paid $2.5 million to Shea Sigal, Solomon Wertzberger, and Mirel Sigal through the entity S & S Miller Holdings, LLC for a seven-unit rental at 275 Miller Avenue in East New York, Brooklyn. The deal closed on November 22, 2021 and was recorded on December 16, 2021. The property has 5,320 square feet of built space and…
National Real Estate Advisors and Taconic Investment Partners through the entity 311 West 42nd Street Associates LLC as borrower signed a new construction loan with lender Union Labor Life Insurance Company through the entity The Union Labor Life Insurance Company valued at $204.0 million for two properties including the office building (O3) at 310-314 West 43rd Street in Hell’s Kitchen, Manhattan and industrial (G6) at…
Parkview Management through the entity The 329 LLC as borrower signed a refi loan with lender Valley National Bank valued at $62 million for six office condos (CC) at 329 Broadway in Williamsburg, Brooklyn. The deal closed on November 30, 2021 and was recorded on December 16, 2021. The signatory for Parkview Management was Juda Klein. Juda Klein is CEO of Parkview Management. Within a…
Cape Advisors through the entity 5 Crosby LLC as borrower signed a refi loan with lender Morgan Stanley valued at $43.5 million for the office building (O5) at 5 Crosby Street in Little Italy, Manhattan. The deal closed on November 24, 2021 and was recorded on December 16, 2021. The property has 53,200 square feet of built space according to PincusCo analysis of city data….
ELO Organization through the entity Jemsa Realty LLC as borrower signed a refi loan with lender Dime Community Bank valued at $31 million for the office building (O6) at 30 West 47th Street in the Diamond District of Midtown, Manhattan. The deal closed on November 23, 2021 and was recorded on December 16, 2021. The property has 55,613 square feet of built space and 4,639…
LNR Partners as special servicer filed to foreclose on a loan to Cohen Equities to with an original principal of $19.99 million provided in 2014 by Deutsche Bank to finance the $23 million purchase of the three retail condominium units at the Element at 555 West 59th Street in Lincoln Square. The owner bought the three units from developer Brack Capital Real Estate. This is…
LNR Partners as special servicer for two unrelated loans filed to initiate foreclosure proceedings against Ashkenazy Acquisition’s $90 million loan secured by a ground leasehold on 635 Madison Avenue in Midtown and Veracity Equities’ $24 million loan secured by 30 Kenmare Street, also known as 153 Elizabeth Street, in Nolita. In the first, Ashkenazy Acquisition owns the leasehold, which runs to 2048. The fee is…
William Gottlieb Real Estate through the entity 702 Greenwich Street, LLC paid $4.2 million to Mary Corliss through the entity Corliss, Mary for mixed-use building (S1) at 702 Greenwich Street in West Village, Manhattan. The deal closed on November 23, 2021 and was recorded on December 15, 2021. William Gottlieb is a long-time investment owner which rarely purchases new properties to add to its portfolio…
LargaVista Companies through the entity Newtown Development, LLC as borrower signed a refi loan with lender MetLife and Brighthouse Life Insurance Company valued at $70 million for three industrials including the industrial (G9) at 394 Maspeth Avenue in East Williamsburg, Brooklyn, industrial (G9) at 364 Maspeth Avenue in East Williamsburg, Brooklyn, and industrial (G7) at 362 Maspeth Avenue in East Williamsburg, Brooklyn. The deal closed…
Hidrock Properties through the entity 112 Liberty Associates LLC as borrower signed a refi loan with lender Emerald Creek Capital through the entity Emerald Creek Capital 3, LLC valued at $23.5 million for the development site (V1) at 112 Liberty Street in Financial District, Manhattan. The deal closed on November 30, 2021 and was recorded on December 15, 2021. Hidrock refinanced a loan originally from…
Vaja Group through the entity Stebbins Owner LLC as borrower signed a new construction loan with lender Northeast Community Bank valued at $19.1 million for two industrials including the industrial (G7) at 1420 Stebbins Avenue in East Morrisania, Bronx and industrial (G7) at 1422 Stebbins Avenue in East Morrisania, Bronx. The deal closed on December 1, 2021 and was recorded on December 15, 2021. (X00541811)…
The entity Lotus Cl LLC paid $32.7 million to Extell Development through the entity Pa Acquisitions (Ny) LLC for condo (SC) unit PHDPX at 1010 Park Avenue in Upper East Side, Manhattan. The deal closed on December 2, 2021 and was recorded on December 15, 2021. The property has 6,745 square feet of built space according to PincusCo analysis of city data. The sale price…
Laurie Stark and Richard Stark through the entity Bellejackblue LLC paid $14.5 million to Smoke Rise, LLC through the entity Smoke Rise, LLC for two-unit two-family building (B1) at 32 Perry Street in West Village, Manhattan. The deal closed on December 1, 2021 and was recorded on December 15, 2021. The property has 4,155 square feet of built space and 653 square feet of additional…
The Zabar family and Friedland Properties through the entity 2231 Air LLC signed a contract with the First Baptist Church in the City of New York for air rights for its development site (M1) at 2231 Broadway in Upper West Side, Manhattan. The deal closed on September 9, 2021 and was recorded on December 15, 2021. The signatory for First Baptist Church in the City…
Yoel Goldman’s All Year Holdings filed for chapter 11 bankruptcy protection in U.S. Bankruptcy Court in Manhattan yesterday, December 14, 2021, citing assets and debts of more than $1 billion each. The holding company, which is now controlled by a board led by CEO Assaf Ravid, cited several threats to its ability to sell the assets for a “maximum” value. The threats included a judgment…
The owners of a Mott Haven, Bronx, apartment building with 30 residential units and six commercial units filed for chapter 7 bankruptcy yesterday in New York bankruptcy court. This is the second filing for the principals, Alejandro Quito and Rosa Quito, who own the building. The principals Alejandro & Rosa Quito of the debtor entity, Mel Service Inc., filed for chapter 7 personal bankruptcy in…
L+M Development Partners through the entity Revive 103 Housing Development Fund Corporation paid $24 million to Sharp Management through the entity Revive 103 Associates L.P. for 60-unit rental (D1) at 160 East 103rd Street in East Harlem, Manhattan. The deal closed on December 3, 2021 and was recorded on December 14, 2021. The property has 65,019 square feet of built space and 16,228 square feet…
Jack Guttman through the entity 53-33 97 Place LLC paid $7.9 million to Arthur Citarrella through the entity Claran Enterprises, Inc. for industrial (F4) at 53-33 97th Place in Corona, Queens. The deal closed on November 16, 2021 and was recorded on December 14, 2021. The property has 19,000 square feet of built space and 191 square feet of additional air rights for a total…
Naftoli Jacobowitz through the entity 257 Driggs Ave LLC paid $4.4 million to Taconic Investment Partners through the entity Eckford And Driggs Associates LLC for the retail building (K1) at 70-84 Eckford Street in Greenpoint, Brooklyn. The deal closed on November 16, 2021 and was recorded on December 14, 2021. The property has 6,401 square feet of built space and 6,401 square feet of additional…
