Thor Equities, led by Joe Sitt, through the entity 470 Broadway Owners LLC as borrower, signed a initial loan with lender Peapack Private Bank & Trust valued at $5 million for the retail building (K2) at 470 Broadway in Little Italy, Manhattan. The new loan follows the reports in May that the Korean skin care company Skin1004, had signed a lease for the property. The…
Abro Management through the entity 76th Road Realty LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $7.2 million for the 60-unit residential elevator building (D1) at 111-09 76th Road in Forest Hills, Queens. The deal closed on September 5, 2025 and was recorded on October 15, 2025. The prior lender was Flagstar Bank which held debt that had an original…
Vito Giannola through the entity Bridge Side Development LLC as borrower signed a refi loan with lender Provident Bank valued at $7.3 million for the 24-unit residential elevator building (D7) at 28-21 Astoria Boulevard in Astoria, Queens. The deal closed on October 9, 2025 and was recorded on October 15, 2025. The prior lender was JPMorgan Chase which held debt that had an original loan…
Abraham Biller through the entity Godwin Plaza LLC as borrower signed a refi loan with lender BankUnited valued at $10 million for the newly built 30-unit residential elevator building (D6) at 3029 Godwin Terrace in Kingsbridge, Bronx. The deal closed on September 15, 2025 and was recorded on October 15, 2025. The prior lender was NorthEast Community Bank which held debt that had an original…
East Harlem Pilot Block HDFC as borrower signed a refi loan with lender First American Capital Group valued at $224.5 million for four residential elevator properties with 656 residential units including the 208-unit residential elevator building (D9) at 2383 2nd Avenue in East Harlem, Manhattan, 208-unit residential elevator building (D9) at 2243 3rd Avenue in East Harlem, Manhattan, and 92-unit residential elevator building (D9) at…
Jian Chen through the entity De Chun Chen Group 52 Inc paid $5.7 million to Wing Wah Kwok and Leung Wah Kwok for the two-unit mixed-use building (S2) at 5706 8th Avenue in Sunset Park, Brooklyn. The expected use is cash flowing. The deal closed on October 6, 2025 and was recorded on October 17, 2025. The property has 3,120 square feet of built space…
Bando Construction through the entity Bando Geny 3 LLC paid $17.8 million to Four Winds Real Estate through the entity 4-10 West 108th Owners LLC for the 24-unit residential walkup building (C1) at 4-6 West 108th Street and the adjacent 24-unit residential walkup building (C1) at 8-10 West 108th Street in Upper West Side, Manhattan. The expected use is cash flowing. The deal closed on…
Greenmont Group, Seastone Capital, and Aaron Jungreis through the entity 364 Lincoln Owner LLC paid $21 million to Novel Property Ventures through the entity 364 Lincoln Place Owner LLC for the 54-unit residential elevator building (D1) at 364 Lincoln Place in Prospect Heights, Brooklyn. The expected use is cash flowing. The deal closed on September 30, 2025 and was recorded on October 17, 2025. The…
The Smeke family’s CSC Real Estate paid $45.2 million to Read Property Group and AM Property Holding for a FiDi office building and an adjacent surface parking lot. In the first, CSC Real Estate through the entity Csc 75 Maiden Prop Co LLC paid $40.2 million to Read Property Group and AM Property Holding through the entity 75 Maiden Lane LLC for the office building…
Ben-Josef Group Holdings through the entity 130 W44 Hotel Propco Development LLC paid $53.2 million to Adams Hotels International LLC for the ground lease controlling the hotel building (H1) at 130 West 44th Street in Midtown West, Manhattan. The expected use is cash flowing. The deal closed on October 10, 2025 and was recorded on October 17, 2025. The property has 75,421 square feet of…
Kam Sang Company through the entity Newage Madison, LLC paid $231.2 million to Abu Dhabi Investment Authority through the entity Black Slate F 2013 LLC for the 273-key hotel building (H1) at 5 Madison Avenue in Flatiron District, Manhattan. The expected use is cash flowing. The deal closed on October 9, 2025 and was recorded on October 17, 2025. The property has 252,109 square feet…
Infinite Global Real Estate Partners through the entity Boutique 35th Street Acquisition LLC as borrower signed a acquisition loan with lender Allegiant Real Estate Capital through the entity Allegiant Capital Funding, LLC valued at $14 million for the office building (O6) at 29 West 35th Street in Garment District, Manhattan. The deal closed on October 7, 2025 and was recorded on October 16, 2025. The…
JJ Operating through the entity 149th Street Realty Associates, L.P. as borrower signed a refi loan with lender Tristate Capital Bank valued at $19.8 million for the mixed-use retail building (K4) at 2850 3rd Avenue in Longwood, Bronx. The deal closed on September 30, 2025 and was recorded on October 16, 2025. The prior lender was Blackstone Group which held debt that had an original…
Stonehenge NYC through the entity Cadim Stonehenge L.L.C. as borrower signed a refi loan with lender JPMorgan Chase valued at $37 million for the 150-unit residential elevator building (D6) at 210 West 89th Street in Upper West Side, Manhattan. The deal closed on October 1, 2025 and was recorded on October 16, 2025. The prior lender was Flagstar Bank which held debt that had an…
Legion Investment Group through the entity 550w21 Owner LLC as borrower signed a construction loan with lender Eldridge through the entity Eldridge Corporate Funding LLC valued at $155 million for the 34-unit residential condominium project at 550 West 21st Street in Chelsea, Manhattan. The deal closed on September 30, 2025 and was recorded on October 16, 2025. The prior lender was Deutsche Bank which held…
JPB Enterprises through the entity 1374 Third Avenue Inc. paid $7.3 million to Forkosh Development through the entity 130 East 61st Street, LLC for the nine-unit residential walkup building (C7) at 130 East 61st Street in Lenox Hill, Manhattan. The expected use is cash flowing. The deal closed on October 9, 2025 and was recorded on October 16, 2025. The property has 8,450 square feet…
Guy Peleg through the entity 1004-06 Gates Avenue Owner LLC paid $8.5 million to Pinchos Loketch of the Loketch Group through the entity 1004-06 Gates Avenue LLC for the 27-unit residential elevator building (D3) at 1004 Gates Avenue in Bedford Stuyvesant, Brooklyn. The expected use is cash flowing. The deal closed on September 26, 2025 and was recorded on October 16, 2025. The property has…
UPDATED 3:45 p.m., October 17, 2025: Penn South Capital in two transactions bought two Manhattan rental buildings from Vishvass for a combined price of $20.5 million. Parag Sawhney is a principal with both Penn South Capital and Vishvass. In the larger sale transaction, Penn South Capital and WB Property Group through the entity VRH 24 Owner LLC paid $12.5 million to Vishvass and an affiliate…
Dynasty Contracting through the entity Dynasty WP LLC paid $20 million to Michael St. John through the entity Mr St. John LLC for the industrial building (G2) at 127-48 Northern Boulevard in Willets Point, Queens. The deal closed on September 25, 2025 and was recorded on October 16, 2025. The property has 27,020 square feet of built space and 112,115 square feet of additional air…
Blackstone Group and Rialto Capital filed a $65 million pre-foreclosure action alleging the loan secured by Alchemy-ABR Investment Partners’s leasehold interest in the Grand Central office tower at 211 East 43rd Street, was in a payment and maturity default. The lenders filed the case in New York State Supreme Court in Manhattan on October 16, 2025. Court filings represent the position of one party and…
