Transfers

CTBC Bank filed two pre-foreclosure actions in New York State Supreme Court in Brooklyn yesterday, totaling $35 million, at adjacent Williamsburg buildings 485 Kent Avenue and the smaller 49 South 2nd Street, both properties owned by Solomon and Lipa Markowitz. According to the complaints, “Borrower and Guarantors defaulted on their obligations under the terms of the Loan Documents by, inter alia: (1) failing to make…

Flagstar Bank filed seven pre-foreclosure actions in Brooklyn yesterday totaling $42.8 million in original loan principals, alleging the debt secured by multifamily buildings owned by affiliates of Coney Realty Group were in payment defaults. Court filings represent the position of one party and are not necessarily accurate or complete. The filings did not name Coney Realty Group, but did identify its principal, Peter Rebenwurzel, as…

An affiliate of Murphy & McManus, the entity MM Proton I, LLC as borrower signed a refi loan managed by Nordic Trustee valued at $245 million for the New York Proton Center building (I9) at 225 East 126th Street in East Harlem, Manhattan. The deal closed on October 10, 2025 and was recorded on November 3, 2025. The prior lender was Nomura Holdings which held…

Aurec Capital through the entity DMC Gc Property, L.P. paid $8.9 million to Thijs Menger through the entity Franpearl Equities Corp. for the 15-unit residential elevator building (D1) at 12-14 West 68th Street in Lincoln Square, Manhattan. The expected use is cash flowing. The deal closed on October 31, 2025 and was recorded on November 3, 2025. The property has 13,380 square feet of built…

Liberty Bagels through the entity Liberty Grand Central Realty LLC paid $9.4 million to Walter & Samuels through the entity Walsam 47th St LLC for the office building (O6) at 5 East 47th Street in Midtown East, Manhattan. The expected use is owner-occupied. The deal closed on October 23, 2025 and was recorded on November 3, 2025. The property has 14,025 square feet of built…

Moonshot Development through the entity 101 E 9 Holdings LLC paid $9.6 million to the estate of the late Chris Mitrofanis through the entity 101 East 9th Street LLC for the development site that is currently a retail building (K1) at 57 4th Avenue in East Village, Manhattan. The expected use is ground up development. On the lot, there is one active new building construction…

The entity 6-8 E 82nd St LLC in care of the law firm Konner Gershburg Melnick Darouvar paid $29 million to The Metropolitan Museum of Art for the specialty buildings (W3) at 6 and 8 East 82nd Street in Carnegie Hill, Manhattan. The expected use is conversion to a single-family home, according to news reports. The deal closed on October 16, 2025 and was recorded…

Partners Path through the entity 4951 Cedar Owner LLC paid $6.3 million to Minotaur Management through the entities 49 Cedar LLC and 51 Cedar LLC for the eight-unit walkup 49 Cedar Street and the adjacent eight-unit walkup 51 Cedar Street, Manhattan. The expected use is cash flowing. The free-market buildings were constructed by Minotaur Management in 2015 and 2018. The deal closed on October 31,…

Graph Group through the entity 1012 Willoughby LLC as borrower signed a refi loan with lender Popular Bank through the entity Banco Popular De Puerto Rico valued at $15 million for nine residential walkup properties with 54 residential units including the six-unit residential walkup building (C2) at 1012 Willoughby Avenue in Bushwick, Brooklyn, six-unit residential walkup building (C2) at 300 Troutman Street in Bushwick, Brooklyn,…

Cohabs through the entity 13 Conselyea LLC (and others) as borrower signed an acquisition loan with lender Axos Bank valued at $18.7 million for three properties with five residential units including the specialty building (N2) at 225 Brooklyn Avenue in Crown Heights, Brooklyn, three-unit mixed-use building (S3) at 197 Henry Street in Lower East Side, Manhattan, and two-unit 1-4 family building (B1) at 13 Conselyea…

Cammeby’s International Group through the entity 80-02 Fee Owner LLC as borrower signed a refi loan with lender Citibank through the entity Citi Real Estate Funding Inc. valued at $70 million for the office building (O6) at 80-02 Queens Boulevard in Kew Gardens, Queens. The deal closed on October 1, 2025 and was recorded on October 31, 2025. The prior lender was Flagstar Bank which…

Albert Dayan through the entity 210 Franklin Aretz, LLC paid $3.2 million to the entity 210 Franklin, LLC for the two-unit mixed-use building (S2) at 210 Franklin Street in Greenpoint, Brooklyn. The expected use is cash flowing. The deal closed on October 10, 2025 and was recorded on October 31, 2025. The property has 3,750 square feet of built space according to a PincusCo analysis…

The printing company Print City Corp. through the entity 122 West 29 Realty, LLC paid $5.6 million to Sharon Duong through the entity 122 West 29, LLC for the mixed-use building (K4) at 122 West 29th Street in Chelsea, Manhattan. The expected use is owner-occupied. Print City Corp. currently occupies a space in the building 117 West 29th Street, which is almost directly across the…

Jin Zhang through the entity 43-05 Realty Group LLC paid $12 million to Vaughn College of Aeronautics and Technology for the educational building (W4) at 43-05 20th Avenue in Ditmars Steinway, Queens. The deal closed on October 22, 2025 and was recorded on October 31, 2025. The property has 33,200 square feet of built space according to a PincusCo analysis of city data. The sale…

Vaja Group through the entity Vaja Jamaica Building A LLC as borrower signed a new construction loan with lender Popular Bank through the entity Popular Bank valued at $68 million for a 113-unit residential project at 89-12 162nd Street in Jamaica, Queens. On the lot, there is one active new building construction project, Q00721236, for a 113-unit, 85,344 square-foot residential (R-2) building. The project was…