Alma Realty through the entity Alma Tower LLC as borrower signed a refi loan with lender Deutsche Bank through the entity Deutsche Bank Trust Company Americas valued at $24 million for the 80-unit residential elevator building (D6) at 37-21 31st Street in Long Island City, Queens. The deal closed on October 31, 2025 and was recorded on November 12, 2025. The prior lender was M&T…
Jack Resnick & Sons through the entity Resnick Gracie Mews, LLC as borrower signed a refi loan with lender John Hancock Life Insurance valued at $80 million for the 310-unit residential elevator building (D6) at 401 East 80th Street in Yorkville, Manhattan. The deal closed on October 31, 2025 and was recorded on November 12, 2025. The prior lender was MetLife which held debt that…
Celestial Capital through the entity 323 West 100th Street, LLC paid $3.4 million through an estate sale to Edward Polk Tryon through the entity Tree Man LLC for the 10-unit residential walkup building (C5) at 323 West 100th Street in Upper West Side, Manhattan. The expected use is cash flowing. The deal closed on October 28, 2025 and was recorded on November 12, 2025. The…
Yellow Jacket Ventures through the entity Sunnyland Holdings LLC paid $4.2 million to Elliot Tokayer through the entity Sunnyside Realty Associates, Inc. for the 54-unit residential elevator building (D1) at 79 Sunnyside Avenue in Cypress Hills, Brooklyn. The expected use is cash flowing. The deal closed on October 16, 2025 and was recorded on November 12, 2025. The property has 44,163 square feet of built…
Yang Cao through the entity 70 West 82nd Street LLC paid $5 million to James Stearn through the entity 70 W. 82nd LLC for the 10-unit residential walkup building (C5) at 70 West 82nd Street in Upper West Side, Manhattan. The expected use is cash flowing. The deal closed on October 27, 2025 and was recorded on November 12, 2025. The property has 5,436 square…
David Switzer of Hammock Development through the entity 25e20 LLC signed as the buyer paying $6 million to Michael Messi through the entity Mastam Inc. for the three-unit mixed-use building (S3) at 25 East 20th Street in Flatiron District, Manhattan. The deal closed on November 4, 2025 and was recorded on November 12, 2025. The property has 4,700 square feet of built space and 2,693…
Nathaniel Rahav through the entity Pr312 West 93 LLC paid $4 million to Solomon Borg through the entity 312 West 93rd Street Associates LLC for the 109-unit residential elevator building (D1) at 312 West 93rd Street in Upper West Side, Manhattan. The expected use is cash flowing. The deal closed on November 4, 2025 and was recorded on November 13, 2025. The property has 31,690…
UPDATED 12:32 p.m., November 14, 2025: Gaven Leib through the entity 3301 30th Avenue Realty LLC paid $10 million to Amy M. Grabino through the entity 3301 Properties LLC for the retail building (K1) at 33-01 30th Avenue in Astoria, Queens. The deal closed on November 4, 2025 and was recorded on November 13, 2025. The property has 12,000 square feet of built space and…
Sam Abed through the entity 426 Bayridge Realty LLC paid $28 million to ASG Equities through the entity 87th St B Blue Holdings LLC for the former Century 21 parking garage (G9) at 423 88th Street in Bay Ridge, Brooklyn. The deal closed on October 16, 2025 and was recorded on November 13, 2025. The property has 188,975 square feet of built space according to…
HUBB NYC through the entity 181 Front St LLC paid $85 million to Carlyle Group through the entity 177 Front Property Owner, L.L.C. for the 105-unit residential elevator building (D6) at 177-183 Front Street in DUMBO, Brooklyn. The expected use is cash flowing. The deal closed on November 5, 2025 and was recorded on November 13, 2025. The property has 136,730 square feet of built…
Gary Barnett of Extell Development signed a contract dated August 10, 2025, to purchase approximately 123,000 square feet of development rights from Saint Thomas Church, which owns a landmarked church property at 678 Fifth Avenue, at the corner of 53rd Street, in Midtown West in Manhattan. The contract was disclosed in a filing the church made that is part of the process for a nonprofit…
Krishna Chaluvadi through the entity 16901 Hillside Realty LLC paid $8.3 million to the estate of Edmund A. Schwesinger Jr. through the entity Hillside Homelawn Corporation for the retail building (K1) at 169-01 Hillside Avenue in Jamaica Estates, Queens. The deal closed on October 31, 2025 and was recorded on November 12, 2025. The property has 12,000 square feet of built space and 24,000 square…
Azimuth Development Group through the entity Bmad Walton LLC paid $24 million to the closed All Hallows High School school building (W2) at 1000 Walton Avenue in Concourse, Bronx. The expected use is development. The deal closed on October 23, 2025 and was recorded on November 12, 2025. The property has 84,920 square feet of built space and 138,383 square feet of additional air rights…
Chaskel Landau, Cheskel Mauskopf , and Joseph Mauskopf paid $37 million for seven properties including the retail building (K2) at 54-32 Myrtle Avenue, the retail building (K1) at 54-08 Myrtle Avenue, and the mixed-use building (K2) at 54-00 Myrtle Avenue in Ridgewood, Queens. The seven buildings compose an entire city block in the form of a triangle bounded by Myrtle Avenue, Madison Street and Wyckoff…
Montgomery Street Partners through the entity Degraw Holdings LLC paid $46.5 million to Marino Mazzei through the entity 242 Nevins, Inc. for a development site with the approximate address of 563 Sackett Street in Gowanus, Brooklyn. Simultaneously, Montgomery Street Partners as landlord signed a ground lease with Watermark Capital Group as tenant, who will be the developer of the parcel. The expected use is ground…
EducationRE, in a transaction involving Zeta Charter Schools, through the entity Ere425, LLC paid $93.9 million to Starwood Capital Group through the entity 425 Westchester Fee Owner, L.L.C. for two school condominium units at 425 Westchester Avenue in Longwood, Bronx. Simultaneously, EducationRE as landlord signed a ground lease with Zeta Charter Schools to occupy the two condominium units. There are three condo units in the…
Santander Bank through the entity SIG RCRS A/B MR 2023 Venture LLC filed nine pre-foreclosure actions yesterday alleging loans secured by heavily rent-regulated buildings in the Bronx, Manhattan and Brooklyn were in default. All the properties were owned by affiliates of Michael Ostad and Edward Ostad. Some properties have additional owners. The actions were filed in New York State Supreme Court on November 12, 2025…
The Delaware entity Orange Owner LLC, in care of the California-based asset management firm Bellwether Asset Management filed four pre-foreclosure actions yesterday in New York State Supreme Court in Manhattan totaling $71.49 million in original principal, alleging defaults in Croman Real Estate rental buildings in the West Village, East Village and Murray Hill. Case 118-126 Christopher Street LINK Case 47 East 1st Street and 47-1/2…
A court-appointed referee set December 17, 2025, as the date for a foreclosure auction to sell a six-story Chelsea retail building at 547-553 West 27th Street that has an allegedly defaulted loan with an original principal of $30 million, according to a notice of sale posted Monday on the New York State Supreme Court website. The current judgment is more than $40 million. Case 850355/2024…
Fairfield Properties through the entity Fairfield Beach 9th LLC as borrower signed a refi loan with lender Citibank valued at $11.6 million for the 104-unit residential elevator building (D1) at 7-07 Beach 9th Street in Far Rockaway, Queens. The deal closed on October 6, 2025 and was recorded on November 10, 2025. The prior lender was TD Bank which held debt that had an original…
