Transfers

CACHED

AMAC signs $29M refi loan with Truist Bank for three properties in Clinton Hill

AMAC through the entity 250 Washington Stone LLC as borrower signed a refi loan with lender Truist Bank through the entity valued at $29 million for three properties with 78 residential units including the 27-unit residential walkup building (C1) at 260 Washington Avenue in Clinton Hill, Brooklyn, 35-unit residential elevator building (D2) at 309-311 Washington Avenue in Clinton Hill, Brooklyn, and 16-unit residential walkup building…

Twin Group Associates signs $63M refi with MF1 for 110-unit rental in Downtown Brooklyn

Solomon Schwimmer’s Twin Group Associates through the entity Lawrence Heights Holdings LLC as borrower signed a refi loan with lender MF1 Capital through the entity Mf1 Capital LLC valued at $63 million for the 110-unit residential elevator building (D6) at 150 Lawrence Street in Downtown Brooklyn, Brooklyn. The deal closed on November 19, 2025 and was recorded on December 1, 2025. The prior lenders were…

NewBank acquires office condo in Penn Plaza threatened by foreclosure in $6M transaction

An affiliate of the lender NewBank acquired the office condo at 20 West 33rd Street in Penn Plaza, Manhattan in a transaction valued at $6 million, from the cosmetics company W Boulevard Co. through the entity DK Beauty Inc. The deal closed on November 25, 2025 and was recorded on December 1, 2025. The property has 10,195 square feet of built space according to a…

Kahen Properties pays $6.2M to Grundwerg Family for 27-unit walkup in Carnegie Hill

Kahen Properties through the entity Third East Holdings LLC paid $6.2 million to Grundwerg Family LP through the entity Steely Properties LLC for the 27-unit residential walkup building (C7) at 1576 Third Avenue in Carnegie Hill, Manhattan. The expected use is cash flowing. The deal closed on November 24, 2025 and was recorded on December 1, 2025. The property has 16,351 square feet of built…

Lender APSEC Resolution acquires mixed-use in Flatiron District through $9.3M foreclosure

APSEC Resolution through the entity Apsec Resolution, LLC acquired through a $9.3 million judicial foreclosure the mixed-use building (S1) at 34 West 21st Street in Flatiron District, Manhattan. The expected use is hold for sale. The former owner was Hesky Haim, who lost it in the foreclosure auction. This transaction represents the lender taking back the property through foreclosure. The deal closed on November 20,…

Phipps Houses pays $12M to Mattone Investors, partner for dev site in Cypress Hills

Phipps Houses through the entity Ph 3189 Atlantic LLC paid $12 million to Mattone Investors and James J. Mannix Jr. through the entity 3189 Atlantic Ave LLC for the development site that is currently a retail building (K5) at 3179 Atlantic Avenue in Cypress Hills, Brooklyn. The expected use is ground up development. The deal closed on November 19, 2025 and was recorded on December…

Palette Hotels pays $25.5M to Taconic Capital Advisors for LIC hotel

Palette Hotels through the entity Ph Lic Partners LLC paid $25.5 million to Taconic Capital Advisors through the entity Z Hotel LIC Principal LLC for the hotel building (HB) at 11-01 43rd Avenue in Long Island City, Queens. The expected use is cash flowing. The deal closed on November 18, 2025 and was recorded on December 1, 2025. The property has 31,520 square feet of…

Clipper Equity pays $50M to Durst Organization for dev site in East Harlem

Clipper Equity through the entity 1800 Park Property Owner LLC paid $50 million to Durst Organization through the entity 1800 Fee Owner LLC for the development parcel (V1) at 1800 Park Avenue in East Harlem, Manhattan. The expected use is ground up development. The deal closed on November 25, 2025 and was recorded on December 1, 2025. The property has zero square feet of built…

Jay Group pays $130M to Pearl Realty for dev site in Greenpoint

Jay Group through the entity 97 West Realty LLC paid $130 million to Pearl Realty Management through the entity 91 West LLC for the development site currently occupied by an industrial building (E9) at 97 West Street in Greenpoint, Brooklyn. The expected use is ground up development. The Promote reported on this in November. The deal closed on November 14, 2025 and was recorded on…

Michael Shapiro signs $13.2M refi with Maxim Capital for 30-unit condo in Sheepshead Bay

Michael Shapiro through the entity 2518 Ocean Ave Tower LLC as borrower signed a refi loan with lender Maxim Capital Group through the entity Maxim Credit Group, LLC valued at $13.2 million for the new construction, 30-unit residential elevator building (D1) at 2518 Ocean Avenue in Sheepshead Bay, Brooklyn. On these lots, there was a new building construction project, B08022562, for a 30-unit, 23,504 square-foot…

Neel Dvivedi signs $16.7M refi loan with Trevian Capital for newly built 33-unit rental in Astoria

Neel Dvivedi through the entity 30-33 29th Street Realty LLC as borrower signed a refi loan with lender Trevian Capital through the entity Tc Cf I LLC valued at $16.7 million for the 33-unit residential elevator building (D1) at 30-33 29th Street in Astoria, Queens. On the lot, there was a new building construction project, Q00817126, for a 33-unit, 22,410 square-foot residential (R-2) building. The…

Moshe Braver pays $4.2M for specialty in Canarsie

Moshe Braver through the entity Rockaway Equities Ny LLC paid $4.2 million to Interborough Developmental & Consultation Center for the specialty building (W2) at 1285 Rockaway Avenue in Canarsie, Brooklyn. The expected use is conversion/addition. On the lot, there is one active major alteration construction project, B01318976, for a 26-unit, 19,056 square-foot R-2 building. The project was submitted by Samuel Moskovits with plans filed November…

Japan-based Jinushi Co. pays $9.2M to Premier Equities for newly built mixed-use in NoMad

Japan-based real estate investment company Jinushi Co. through the entity Jinushi Fourth LLC paid $9.2 million to Premier Equities through the entity Premier 273 Fifth, LLC for the four-unit mixed-use building (S4) at 273 Fifth Avenue in NoMad, Manhattan. The expected use is cash flowing. The seller filed plans, M00627851, for a new four-unit, 4,493 square-foot mixed-use residential (R-2) and retail building submitted by Uzi…

Chen Ye pays $10M for mixed-use in Flushing

Chen Ye through the entity First Union Plaza LLC paid $10 million to Young Ho Pae through the entity First Union Realty LLC for the mixed-use building (K2) at 34-30 Union Street in Flushing, Queens. The expected use is cash flowing. The deal closed on November 7, 2025 and was recorded on November 28, 2025. The property has 24,096 square feet of built space and…

Mori Trust pays $541M to Related, Oxford Properties for hotel, office, retail, in Hudson Yards

The Japan-based Mori Trust paid $541 million to Related Companies and Oxford Properties Group for four commercial condominium units, including hotel, office and retail, comprising the lower portion of 35 Hudson Yards up to the 38th floor. As of Friday afternoon, four transactions totaling only a fraction of the total, or $37.98 million, had been recorded. Mori Trust issued a press release November 18 announcing…

Rajmattie Persaud puts Bronx buildings with $61.5M debt in bankruptcy as prep for sale

Rajmattie Persaud and Karan Singh filed a chapter 11 bankruptcy petition in consultation with their lender Fannie Mae last week in order to facilitate the sale of two large Bronx complexes that are subject to a $61.5 million pre-foreclosure action. The bankruptcy comes barely two months after Fannie Mae filed the pre-foreclosure action, alleging the loans were in default. The bankruptcy filing estimates the properties…

Rialto files $89.5M pre-foreclosure at Hell’s Kitchen multifamily portfolio

Rialto Capital Management filed a pre-foreclosure action alleging an $89.5 million loan secured by a portfolio of Hell’s Kitchen multifamily buildings owned by PH Realty Capital and other investors, and originated in 2022. was in default. The lender filed the complaint in New York State Supreme Court in Manhattan on November 25, 2025. The portfolio of 13 properties includes  448-452 West 57th Street, 406 West…

Storage Post signs $55M refi loan with Nuveen for storage in East Village

Storage Post through the entity Storage Post/444 East 10th Street, LLC as borrower signed a refi loan with lender Nuveen through the entity Teachers Insurance And Annuity Association valued at $55 million for the industrial building (E7) at 444 East 10th Street in East Village, Manhattan. The deal closed on November 20, 2025 and was recorded on November 26, 2025. The prior lender was Heitman…

SL Property Group pays $3.5M for 10-unit walkup in Upper West Side

SL Property Group through the entity 520 Wea II LLC paid $3.5 million to Robert Perelmuter through the entity 520 Townhouse, LLC for the 10-unit residential walkup building (C5) at 520 West End Avenue in Upper West Side, Manhattan. The expected use is cash flowing. The deal closed on November 24, 2025 and was recorded on November 26, 2025. The property has 8,287 square feet…

Garbo & Company pays $4.3M to Klein Group for mixed-use in Financial District

Garbo & Company through the entity Fulton Residence LLC paid $4.3 million to Klein Group through the entity 120 Fulton Investors LLC for the four-unit mixed-use building (K4) at 120 Fulton Street in Financial District, Manhattan. The deal closed on November 14, 2025 and was recorded on November 26, 2025. The property has 7,800 square feet of built space and 12,780 square feet of additional…