DSA Property Group through the entity DSA 885-415 Park Avenue Owner LLC as borrower signed a refi loan with lender UBS through the entity Ubs Ag New York Branch valued at $10.2 million for the 34-unit residential elevator building (D9) at 885 Park Avenue in Bedford Stuyvesant, Brooklyn. The deal closed on October 1, 2025 and was recorded on October 10, 2025. The prior lender…
Abro Management through the entity 109-10 Queens Blvd. LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $13.3 million for the 121-unit residential elevator building (D6) at 109-10 Queens Boulevard in Forest Hills, Queens. The deal closed on September 5, 2025 and was recorded on October 10, 2025. The prior lender was Flagstar Bank which held debt that had an original…
HEI Hotels & Resorts through the entity Dk Wgc Fee Owner LLC as borrower signed a refi loan with lender Smith Hill Capital through the entity B-Smith Hill Debt Opportunity (L) B, LLC valued at $240 million for the Westin New York Grand Central hotel building (H1) at 214 East 42nd Street in Murray Hill, Manhattan. The deal closed on September 26, 2025 and was…
van Leenen developments and Rufina Litvak through the entity 244 Ny Rl LLC paid $2 million to Oak Tree Residential through the entity Ota 244 New York, LLC for the eight-unit residential walkup building (C1) at 244 New York Avenue in Crown Heights, Brooklyn. The expected use is cash flowing. The deal closed on September 11, 2025 and was recorded on October 10, 2025. The…
Patrick Smith through the entity 1512 Park Place, LLC paid $2.3 million to Isaac Rubinfeld through the entity 1512 Park Realty LLC for the 32-unit residential walkup building (C1) at 1512 Park Place in Crown Heights, Brooklyn. The expected use is cash flowing. The deal closed on September 29, 2025 and was recorded on October 10, 2025. The property has 28,200 square feet of built…
Raisner Group through the entity 75 Bainbridge St, LLC paid $2.4 million to Linda Perry through the entity 75 Bainbridge LLC for the four-unit building (C3) at 75 Bainbridge Street in Bedford Stuyvesant, Brooklyn. The expected use is cash flowing. The deal closed on September 26, 2025 and was recorded on October 10, 2025. The property has 3,300 square feet of built space and 494…
Commercial property owner and broker James Wacht and his son Evan Wacht through the entity My Gym Cobble Hill LLC paid $2.5 million to Thor Equities through the entity Thor 209 Smith Street LLC for the retail condo at 209 Smith Street in Carroll Gardens, Brooklyn. The expected use is owner-occupied. The Wachts owns the franchise for the children’s exercise company My Gym for Brooklyn…
Mitchell Duh through the entity Sparqtron Plus 5 LLC paid $2.7 million for the seven-unit residential walkup building (C5) at 222 Carlton Avenue in Fort Greene, Brooklyn. The expected use is cash flowing. The deal closed on September 29, 2025 and was recorded on October 10, 2025. The property has 4,629 square feet of built space according to a PincusCo analysis of city data. The…
Audrey Pastorek through the entity 225 Brooklyn Avenue LLC paid $3.8 million to Roman Catholic Church through the entity The Roman Catholic Church Of St. Gregory, for the specialty building (N2) at 225 Brooklyn Avenue in Crown Heights, Brooklyn. The expected use is cash flowing. The deal closed on September 25, 2025 and was recorded on October 10, 2025. The property has 11,460 square feet…
Louis V. Greco Jr. filed a personal chapter 11 bankruptcy petition in U.S. District Court in Brooklyn last week in order to facilitate the sale of multiple real estate properties valued at around $14 million, and at the same time to hold off a July 2023 judgment for $25.8 million obtained by North Hill Capital Management in state court related to a commercial real estate…
Vadem Brodsky through the entity 3844 Ventures LLC paid $15 million to Pamela Wolf, Jeffrey Wolf, Kevin R. Wolf, and Brandon Wolfe through the entity Wolf, Pamela for the industrial building (G1) at 38-44 State Street in Brooklyn Heights, Brooklyn. The expected use is ground up development. Brownstoner reported in July 2025 that plans were filed with the city’s Landmarks Preservation Commission to develop the…
Tokyu Land Corporation bought an 87.4 percent stake in AMAC’s 83-unit residential elevator building (D7) at 10 Rutgers Street in Chinatown, Manhattan, valued at $56.2 million. The expected use is cash flowing. The new joint venture owner entity is TLUS AH Rutgers St Owner LLC. AMAC’s prior owner entity was AH 10 Rutgers LLC The deal closed on October 1, 2025 and was recorded on…
Norges Bank Investment Management and Beacon Capital Partners through the entity 1177 Property LLC paid $572.3 million to Silverstein Properties and CalSTRS through the entity 1177 Avenue of the Americas Acquisition LLC for the office building (O4) at 1177 Sixth Avenue in Midtown West, Manhattan. The expected use is cash flowing. The deal closed on September 15, 2025 and was recorded on October 10, 2025….
Elizabeth Foundation For The Arts through the entity The Elizabeth Foundation For The Arts as borrower signed a refi loan with lender Nonprofit Finance Fund through the entity Nonprofit Finance Fund valued at $6.5 million for two office condominium units, and one retail unit, at 323 West 39th Street in Garment District, Manhattan. The deal closed on September 29, 2025 and was recorded on October…
Zihang Chen through the entity 39 Meserole St LLC as borrower signed a new construction loan with lender S3 Capital through the entity S3 Sb Real Estate Credit A Trust valued at $11.3 million for the industrial building (E1) at 37-41 Meserole Street in Williamsburg, Brooklyn. The deal closed on September 18, 2025 and was recorded on October 8, 2025. The property has 4,778 square…
Los Angeles property owner Cyrus Etemad through the entity Corvus Investment Inc. paid $7.8 million to Bray Kelly through the entity 6 East 2nd Street Property, LLC for the four-unit over retail building (C3) at 6 East 2nd Street in East Village, Manhattan. The expected use is cash flowing. The deal closed on October 1, 2025 and was recorded on October 9, 2025. The property…
Marty Burger’s Infinite Global Real Estate Partners and Andrew Heiberger through the entity Boutique 35th Street Acquisition LLC paid $25 million through a real estate owned to Series 2019-BNK19 and to an LNR Partners-controlled entity that following a foreclosure owned the office building (O6) at 29 West 35th Street in Garment District, Manhattan. The expected use is conversion to a 107-unit residential building, as Bloomberg…
An anonymous buyer in care of Arnold & Porter Kaye Scholer through the entity Penn 33rd LLC paid $36.9 million to Magna Hospitality Group through the entity Ny 33rd Leasehold LLC for the ground lease controlling the hotel building (H1) at 325 West 33rd Street in Penn Plaza, Manhattan. The expected use is cash flowing. This is the fourth of four hotels the anonymous buyer…
UPDATED 2:28 p.m., October 10, 2025: Arizona-based Silver Creek Development through the entity 2 West Street, LLC acquired through a $110 million bankruptcy transaction control of a hotel condominium unit at 2 West Street in Battery Park City, Manhattan. The expected use is cash flowing, with the new owners planning to re-opening a luxury hotel at the property, according to news reports. The sale was…
Ling Yan Jiang through the entity 333 First LLC paid $2.8 million to Glenn Konniuk through the entity 333 First Avenue, LLC for the six-unit mixed-use building (S5) at 333 First Avenue in Gramercy, Manhattan. The expected use is cash flowing. The deal closed on October 1, 2025 and was recorded on October 8, 2025. The property has 4,232 square feet of built space and…
