Blumenfeld Development Group through the entity BCC II, LLC as borrower signed a refi loan with lender U.S. Bank valued at $40 million for the retail building (K8) at 71-01 25th Avenue in Jackson Heights, Queens. Home Depot occupies a large portion of the space. The deal closed on December 10, 2025 and was recorded on December 19, 2025. The prior lender was NYS Common…
Magna Hospitality Group, the reported owner of the property, through the entity NY 48 LLC as borrower, signed a refi loan with lender Wells Fargo valued at $88.5 million for the hotel condo at 150 West 48th Street in Midtown West, Manhattan. The deal closed on December 17, 2025 and was recorded on December 19, 2025. The prior lender was JPMorgan Chase which held debt…
Isamar Margareten through the entity 456 Bedford LLC paid $5.5 million to the entity 456-458 Bedford Corp. for the 40-unit residential walkup building (C7) at 458 Bedford Avenue in Williamsburg, Brooklyn. The expected use is cash flowing. The deal closed on December 8, 2025 and was recorded on December 19, 2025. The property has 30,290 square feet of built space according to a PincusCo analysis…
Golden East Investors through the entity Mazal Echad LLC paid $13.5 million through a bankruptcy for the 137-unit residential elevator building (D6) at 350 East 52nd Street in Turtle Bay, Manhattan, that was formerly owned by William Koeppel through the entity Eastgate Whitehouse LLC. This is a ground lease sale. The fee is owned by Solil Management, which controls the assets of the estate of…
ABG Equities through the entity 558 St. John Lofts LLC as borrower signed a new construction loan with lender S3 Capital through the entity S3 Re Perpetual Yield Funding LLC valued at $18 million for the 46-unit project at 558 St. Johns Place in Crown Heights, Brooklyn. On the lot, there is one active new building construction project, B01190376, for a 46-unit, 31,493 square-foot residential…
Billy Stein’s WRS Associates through the entity 360 Boom LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $17 million for the 48-unit residential elevator building (D6) at 358-360 Smith Street in Carroll Gardens, Brooklyn. The deal closed on December 11, 2025 and was recorded on December 18, 2025. The prior lender was JPMorgan Chase which held debt that had an…
Spaxel through the entity 1824 Anthony Avenue LLC as borrower signed a refi loan with lender JLL through the entity Lasalle Real Estate Credit Strategies Reit 1a, L.L valued at $32.6 million for the 128-unit residential elevator building (D7) at 1824 Anthony Avenue in Mt Hope, Bronx. The deal closed on December 11, 2025 and was recorded on December 18, 2025. The prior lender was…
Vadem Brodsky through the entity 39 Ventures LLC paid Jacob Rybner $5.8 million for the five-unit walkup building (C2) at 71 1st Place in Carroll Gardens, Brooklyn. The purchase was an entity-level acquisition, not the fee, but Brodsky now controls the property. The deal closed on December 12, 2025 and was recorded on December 18, 2025. The property has 6,400 square feet of built space…
The Peled family through the entity Yp Gp Holdings 13th Street, LLC acquired a ground lease for $12.8 million from MacArthur Holdings and CB Developers through the entity 47 Development TIC LLC for control of the 65-unit hotel building (H8) at 48 West 14th Street in Greenwich Village, Manhattan. The expected use is cash flowing. The deal closed on December 5, 2025 and was recorded…
J. Safra Real Estate through the entity Rockfeld Group Canal LLC as borrower signed a refi loan with lender J. Safra Sarasin through the entity Banque J. Safra Sarasin (Luxembourg) SA valued at $14.3 million for two office properties including the office building (O5) at 181 Canal Street and the adjacent office building (O5) at 183 Canal Street in Chinatown, Manhattan. The deal closed on…
Storage Post signed a $25.35 million refinance loan with Wells Fargo for three storage properties in Tremont and Fordham Manor, the Bronx, in two transactions. These transactions follow another group of buildings Storage Post refinanced with Wells Fargo in New York City, totaling $152 million. In the first of the new transactions, Storage Post through the entity Sp Hhf Sub Fordham, LLC as borrower signed…
Harrison Gilbard-Balisky paid $3.225 million to Wilfredo Correa for a four-family walkup and an adjacent garage, in Williamsburg, Brooklyn, in two transactions. In the first, Harrison Gilbard-Balisky through the entity Har N Lar LLC paid $2.2 million to Wilfredo Correa through the entity Burgh Associates LLC for the four-unit building (C3) at 307 South 4th Street in Williamsburg, Brooklyn. The expected use is cash flowing….
Joseph Itzkowitz through the entity 4709 13th Ave LLC paid $3.8 million to Svetlana Chernin through the entity 4709 13th Avenue Realty LLC for the retail building (K4) at 4709 13th Avenue in Borough Park, Brooklyn. The expected use is cash flowing. The deal closed on December 4, 2025 and was recorded on December 17, 2025. The property has 5,580 square feet of built space…
A referee managing the foreclosure sale of the 79-key hotel at 129 West 46th Street, in Midtown West, Manhattan, set the auction for January 14, 2026, a notice of sale document filed December 16, 2025, said. Hotel operators Paramdeep Singh and Manmeet Singh own the building, which they bought just before the pandemic from Apple Core Hotels in July 2019 for $24 million. At the…
Storage Post signed a $152 million refinance with Wells Fargo for storage properties in Brooklyn, Queens and the Bronx in six separate transactions. The prior debt for these buildings was $128.57 million from JPMorgan Chase. In the largest, Storage Post through the entity Sp Hhf Sub Brooklyn LLC as borrower signed a refi loan with lender Wells Fargo through the entity Wells Fargo Bank, National…
Gencom, Argent Ventures, and Highgate Hotels paid Tishman Realty and MetLife $230 million for the InterContinental New York Times Square hotel at 300 West 44th Street in Hell’s Kitchen, Manhattan. The transfer price in city property records was $218.6 million. Often with hotel purchases there is a price for the real estate and an additional price for the beds and other items. It’s unclear if…
The bedding company Hastens Ltd. through the entity Hastens Real Estate USA, Inc. paid $6 million to JD Carlisle Development through the entity Madison 30 31 Owner LLC for the retail condo at 132 Madison Avenue in Park Avenue South, Manhattan. The expected use is owner-occupied. The deal closed on December 4, 2025 and was recorded on December 16, 2025. The property has 4,728 square…
A buyer through the entity 170 South 4th Sullivan LLC paid $3.5 million to Brooksville Company which is managing the shuttered Dixon Advisory through the entity NRL URF LLC, for the three-unit building (C0) at 170 South 4th Street in Williamsburg, Brooklyn. The troubled Australian firm Dixon Advisory struck a deal with the Brooksville Company in 2022 in which Brooksville invested $1.5 million and acquired an ownership…
A&E Real Estate Holdings through the entity 400 East 58th Street, LLC signed a refinance loan with Apollo Global Management’s retirement services company, Athene, totaling $44 million, secured by the 129-unit 400 East 58th Street in Sutton Place, Manhattan, that had been under threat of foreclosure. The loan total is $1 million above the most recent debt on the building, a $43 million loan which…
Magid Properties through the entity 2156 Cortelyou Road Partners LLC paid $2.5 million to Castellan Real Estate Partners through the entity Crp Cortelyou LLC for the 26-unit residential walkup building (C1) at 2156 Cortelyou Road in Flatbush, Brooklyn. The expected use is cash flowing. The deal closed on December 4, 2025 and was recorded on December 12, 2025. The property has 8,641 square feet of…
