Adriana Arrao through the entity Coakleys Coconuts LLC acquired a stake from members of the Quazzo family valued at $5.1 million controlling the eight-unit residential walkup building (C1) at 404 West 40th Street in Hudson Yards, the retail building (K1) at 532 West 46th Street in Hell’s Kitchen, Manhattan, and the industrial building (E1) at 604 West 47th Street in Hell’s Kitchen, Manhattan. The deal…
Thomas Leung through the entity Golden Cedar Realty LLC paid $6.1 million to Double U Realty through the entity 96 S 9 LLC for the eight-unit residential building at 96 South 9th Street in Williamsburg, Brooklyn. The expected use is cash flowing. The deal closed on October 17, 2025 and was recorded on October 24, 2025. The property has 3,375 square feet of built space…
Parkview Financial, which took over the stalled CSC Real Estate project to create 444 residential, hotel and single-room occupancy units in the 959-unit single-room occupancy Henry Hudson Residences building in Hell’s Kitchen, filed to place the project into chapter 11 bankruptcy protection on October 24, 2025, in Delaware. The signatories on the filing were two executives for Parkview Financial, Paul Rahimian and Ted Jung. Parkview…
Simone Development Companies through the entity Hutch Metro Center I LLC as borrower signed a refi loan with lender ConnectOne Bank valued at $88 million for the office building (O5) at 1200 Waters Place in Pelham Bay, Bronx. The deal closed on October 8, 2025 and was recorded on October 23, 2025. The prior lender was Series 2015-C29 with servicer LNR Partners which held debt…
Lam Generation through the entity Chelsea 25 Hotel LLC as borrower signed a refi loan with lender Deutsche Bank valued at $123 million for the hotel building (H2) at 112 West 25th Street in Chelsea, Manhattan. The deal closed on October 16, 2025 and was recorded on October 23, 2025. The prior lender was MetLife which held debt that had an original loan amount of…
Manocherian Brothers through the entity Jammano Associates LLC paid $7.8 million to Pan Am Equities through the entity Waverton Associates LLC for the 24-unit residential elevator building (D9) at 119 East 83rd Street in Carnegie Hill, Manhattan. The expected use is cash flowing. The deal closed on October 10, 2025 and was recorded on October 23, 2025. The property has 11,645 square feet of built…
Lipa Markowitz through the entity 34 South 1 LLC paid $9.6 million to Shiu Ban Chan through the entity Hao King Realty, Inc. for the industrial building (F4) at 34 South 1st Street in Williamsburg, Brooklyn. The deal closed on October 14, 2025 and was recorded on October 23, 2025. The property has 9,500 square feet of built space and 9,500 square feet of additional…
Amirian Group through the entity 22 East 10th Street Bh, LLC paid $9.8 million to Eli Casdin through the entity Charlea House LLC for the five-unit residential walkup building (C2) at 22 East 10th Street in Greenwich Village, Manhattan. The deal closed on October 3, 2025 and was recorded on October 23, 2025. The property has 5,598 square feet of built space and 8,282 square…
Vornado Realty Trust through the entity 136-138 West 34th Street LLC paid $19.1 million to Jenel Real Estate through the entity 136 West 34th St. Associates, L.P. for the mixed-use building (K4) at 138 West 34th Street in Penn Plaza, Manhattan and mixed-use building (K4) at 136 West 34th Street in Penn Plaza, Manhattan. The expected use is cash flowing. The properties are directly across…
Sioni Group through the entity 366 Mad LLC paid $50 million to Ponte Gadea through the entity Ponte Gadea Madison, LLC for the office building (O6) at 366 Madison Avenue in Grand Central, Manhattan. The expected use is cash flowing. The deal closed on October 21, 2025 and was recorded on October 23, 2025. The property has 84,518 square feet of built space according to…
Closer Group, the family office for SOHO China co-founder Zhang Xin, through the entity CP 79th Street LLC paid $62.6 million to W Financial through the entity W 79th Street Owner LLC for the five-parcel development site at the corner of East 79th Street and Lexington Avenue, including the three-unit mixed-use building (K4) at 154 East 79th Street, the two-unit mixed-use building (K4) at 152…
Abraham Brach through the entity 425 Marcy Avenue LLC as borrower signed a refi loan with lender BridgeCity Capital through the entity BCC Funding II LLC valued at $33 million for the 24-unit residential elevator building (D6) at 425 Marcy Avenue in Williamsburg, Brooklyn. The deal closed on October 6, 2025 and was recorded on October 22, 2025. The prior lender was Cirrus Real Estate…
Cun Long Chen through the entity New Age Developers LLC as borrower signed a new construction loan with lender Ponce Bank valued at $45 million for a nine-story retail and office project at 136-29 38th Avenue in Flushing, Queens. On the lot, there is one active new building construction project, Q00980376, for a 91,568 square-foot commercial building. The project was submitted by Cun Long Chen…
Joseph Brunner through the entity 1428 Fulton St LLC as borrower signed a refi loan with lender Basis Investment Group through the entity Big Real Estate Investments III, LLC valued at $53 million for two residential elevator properties with 152 residential units including the 132-unit residential elevator building (D7) at 1428 Fulton Street in Bedford Stuyvesant, Brooklyn and 20-unit residential elevator building (D1) at 343…
Joel Brach through the entity Mt Hope 23 LLC paid $2.5 million to Emanuel Gutzmer through the entity Mt Emanuel Hope Properties LLC for the three-unit building (C0) at 25 Mt Hope Place and paid $1.9 million to Felix Ceballos for the adjacent 23 Mt Hope Place, in Mt Hope, Bronx. The expected use is ground up development. In May 2025 Joel Brach of Buildhouser…
The entity Alp 347 Associates LLC (and others) in care of Gilman Management paid $4.9 million to Sharp Management through the entity 347 Lincoln Realty LLC for the 58-unit residential walkup building (C1) at 347 Lincoln Place in Prospect Heights, Brooklyn. The expected use is cash flowing. The deal closed on September 18, 2025 and was recorded on October 22, 2025. The property has 48,272…
John Gore Organization through the entity John Gore Outdoor Media, LLC paid $12.2 million to Mack Real Estate Group through the entity 1619 Broadway Realty LLC for the property at 1619 Broadway in Midtown West, Manhattan. The deal closed on October 21, 2025 and was recorded on October 22, 2025. The signatory for Mack Real Estate Group was Priyanka Garg . The signatory for John…
UPDATED 4:15 a.m., December 24, 2025: Former lender Madison Realty Capital through the entity 1580 Nostrand Ave Owner LLC through a bankruptcy acquired the 93-unit residential elevator building (D6) and development site (V1) at 1580 Nostrand Avenue in East Flatbush, Brooklyn. The expected use is new construction and cash flowing. The former developer was Hello Living through the entity Hello Nostrand LLC. The transfer price…
The entity Clinton Lender LLC with anonymous ownership, in care of the law firm Wachtel Missry, bought a note with an original principal of $5.8 million from Blackstone Group secured by Madison Realty Capital’s 16-unit residential walkup building (C1) at 392 Clinton Avenue in Clinton Hill, Brooklyn. Blackstone Group had filed a pre-foreclosure action, 500899/2025, at the property in January 2025, but the parties agreed…
Beltway Capital Management bought two notes with a combined original principal of $10.27 million secured by two Conway Capital residential walkup buildings in Park Slope, Brooklyn, in two transactions. Both properties are facing foreclosure actions, each filed in federal court. https://ecf.nyed.uscourts.gov/cgi-bin/iquery.pl?100268712734545-L_9999_1-0-525365 https://ecf.nyed.uscourts.gov/cgi-bin/iquery.pl?895573941408506-L_9999_1-0-531557 In the first, Beltway Capital Management through the entity Mccormick 108 LLC bought a note with an original principal of $5.9 million from…
