The developer Avdoo through the entity 68 King Street Owner LLC paid $63 million to Benjamin Webster Federbush through the entity 185 Varick Realty Corp. for the office building (O5) at 68 King Street, also known as 185 Varick Street in Hudson Square, Manhattan. The expected use is ground up development. The Real Deal reported on December 30, 2025 that Avdoo paid $63 million for…
The affiliate of Michael Dell’s family office, BDT & MSD Partners through the entity Msd Rcof Partners Cxviii, LLC acquired control of the office condominium unit at 1540 Broadway in Times Square, Manhattan, from Edge Fund Advisors and an HSBC fund, through the entity Spusv5 1540 Broadway Acc Co, LLC. The transaction was valued at $237.5 million, and at the same time BDT & MSD…
Namdar Realty Group through the entity Essex City Realty LLC paid $7.5 million to Taconic Partners and additional Essex Crossing partners through the entity Site 8 Commercial Owner LLC for the retail condominium unit at 140 Essex Street in Lower East Side, Manhattan. The expected use is cash flowing. The deal closed on December 18, 2025 and was recorded on January 5, 2026. The property…
An affiliate of the Chetrit Organization through the entity C&AI Soho Holding, LLC bought a note with current debt totaling $40 million, from LoanCore Capital secured by Chetrit Organization’s office building (O5) at 428 Broadway in SoHo, Manhattan. The original principal of the loan was $60 million, borrowed in 2020. The Chetrit Organization was led by Jacob Chetrit, who died in January 2025. His son…
Fred Ohebshalom’s Empire Management through the entity Redrock Manager At LLC as borrower signed a refi loan with lender LMF Commercial valued at $49 million for 11 properties with 214 residential units including the 45-unit residential elevator building (D6) at 351 Third Avenue in Kips Bay, Manhattan, 40-unit residential elevator building (D3) at 330 East 52nd Street in Turtle Bay, Manhattan, and the 40-unit residential…
GFI Capital Resources Group through the entity Bond Street Lessee LLC as borrower signed a refi loan with lender Torchlight Investors through the entity Df Viii Reit Holdings, LLC valued at $80 million for the hotel building (H2) at 61 Bond Street in Boerum Hill, Brooklyn. The deal closed on December 30, 2025 and was recorded on January 6, 2026. The prior lender was Rialto…
The Goldfarb family-affiliated entity, Park Towers South Company LLC as borrower signed a refi loan with lender M&T Bank through the entity M&T Realty Capital Corporation valued at $156.6 million for the 284-unit residential elevator building (D6) at 315 West 57th Street in Hell’s Kitchen, Manhattan. The building was constructed in 1965. The deal closed on December 30, 2025 and was recorded on January 6,…
Joel Weiss through the entity Shepherd & Highland Holdings LLC paid $8.5 million to the fast food restaurant White Castle Management through the entity White Castle System Inc. for the 99-unit development site at 229 Shepherd Avenue that is currently a retail building (K5) with the address 3101 Atlantic Avenue in Cypress Hills, Brooklyn. The expected use is ground up development. The existing tax lot,…
North River Company through the entity 30-02 48th Ave Lic Owner LLC paid $34.5 million to Alexandria Real Estate Equities through the entity Are-Ny Region No. 2 Holding, LLC for the office building (O5) at 30-02 48th Avenue in Long Island City, Queens. The expected use is cash flowing. The deal closed on December 19, 2025 and was recorded on January 6, 2026. The property…
William Macklowe Company through the entity 291 Broadway Mezz LLC acquired from Sutton Management through the entity Esa Associates, LLC the office building (O6) at 291 Broadway in Tribeca, Manhattan, in a transfer valued at $52.8 million, which is often the amount of the judgment or the amount of the defaulted debt. The deal closed on December 23, 2025 and was recorded on January 6,…
Yaakov Sod, Leopold Friedman, and Milenia Care through the entity Woodcrest Propco LLC paid $55 million to Jack Deutsch through the entity Woodcrest Property LLC for the 200-bed nursing home, Woodcrest Rehabilitation & Residential Health Care Center building (I6) at 119-09 26th Avenue in College Point, Queens. The expected use is cash flowing. The deal closed on December 30, 2025 and was recorded on January…
UPDATED 7:10 p.m., January 6, 2026: Developer New Empire Corp. paid $38 million to the Marchi family through the entity Marchi Realty Corp. for a development site at the corner of Second Avenue and 31st Street in Kips Bay, Manhattan, in three transactions. To finance the purchase, New Empire Corp. borrowed $24.65 million from Emerald Creek Capital. The properties were marketed for sale as a…
RedHoek+ through the entity DDG 379 Vb Owner LLC as borrower signed a loan with lender S3 Capital through the entity S3 Re Perpetual Yield Funding LLC valued at $20.7 million for the 11-unit residential elevator building (D7) at 381 Van Brunt Street in Red Hook, Brooklyn. On the lot, there is one active new building construction project, B00725872, for a 22-unit, 29,956 square-foot residential…
Stellar Management through the entity Greenpoint Eckford Owner, LLC as borrower signed a refi loan with lender Nuveen through the entity Teachers Insurance And Annuity Association of America valued at $117 million for two rental buildings with a total of 240 residential units including the 197-unit rental at 211 McGuinness Boulevard, and the 43-unit residential elevator building (D1) at 308 Eckford Street in Greenpoint, Brooklyn….
Patrinely Group through the entity Cref 546 West 44th Street, LLC as borrower signed a refi loan with lender Barings through the entity Barings LLC valued at $135 million for the 280-unit residential elevator building (D3) at 546 West 44th Street in Hell’s Kitchen, Manhattan. The deal closed on December 12, 2025 and was recorded on January 2, 2026. The prior lender was PCCP which…
Habitat Living NYC through the entity Habitat On Grand LLC paid $3.2 million to Eugene Olton for the six-unit residential walkup building (C5) at 421 Grand Avenue in Clinton Hill, Brooklyn. The expected use is redevelopment into a five-unit residential condominium building. The deal closed on December 29, 2025 and was recorded on January 2, 2026. The property has 3,540 square feet of built space…
An anonymous buyer in care of Jeffrey Zwick & Associates through the entity 481 Wythe LLC paid $5.8 million to Moses Guttman through the entity Wythe Ave Prop, LLC for the office building (O2) at 481 Wythe Avenue in Williamsburg, Brooklyn. The expected use is cash flowing. The deal closed on December 31, 2025 and was recorded on January 2, 2026. The property has 6,350…
Wildflower Ltd. through the entity Wildflower JFK North, LLC paid $8.9 million to the City of New York through the entity New York City Economic Development Corporation for the unimproved land (V7) at 160-66 Rockaway Boulevard in Springfield Gardens, Queens, just north of the John F. Kennedy International Airport. The expected use is a conversion to a surface lot with electric vehicle charging totaling 65…
Related Companies through the entity 467 Tenth Owner LLC paid $52 million to Soheil Khayyam through the entity Dagyam 467 10th Avenue Inc. for the industrial building (E1) at 467 10th Avenue in Hudson Yards, Manhattan. The expected use is cash flowing. The deal closed on December 23, 2025 and was recorded on January 5, 2026. The property has 44,448 square feet of built space…
Kuwait Investment Authority acquired an interest valued at $412.6 million in Related Companies and Oxford Properties Group’s office development project at 70 Hudson Yards, also known as 514 West 36th Street in Hudson Yards, Manhattan. The deal closed on December 23, 2025 and was recorded on January 5, 2026. The property has zero square feet of built space and the developers have planned a 1.4 million…
