Transfers

Jacob Schwimmer’s JCS Realty Group through the entity 721 Lincoln Place Tenant LLC as borrower signed a new construction loan with lender Valley National Bank valued at $33 million for the specialty building (M9) at 721 Lincoln Place in Crown Heights, Brooklyn. On the lot, there is one active new building construction project, B00655818, for a 100-unit, 64,673 square-foot residential (R-2) building. The project was…

Monarch Realty Holdings through the entity 27 Smith Investors LLC paid $5 million to Paul Tocci through the entity 27 Smith Street Realty LLC for the retail building (O5) at 27 Smith Street in Downtown Brooklyn, Brooklyn. The deal closed on September 25, 2025 and was recorded on September 30, 2025. The property has 9,283 square feet of built space and 13,754 square feet of…

Guan Yu Li through the entity 6418 8th Ave Realty LLC as borrower signed a loan with lender CrowdFunz through the entity Crowdfunz 624 LLC valued at $6 million for the medical office building project at 6418 8th Avenue in Dyker Heights, Brooklyn. On the lot, there is one active new building construction project, B00991102, for a 19,187 square-foot commercial medical building. The project was…

Shulem Herman through the entity Pitkin Terrace LLC as borrower signed a refi loan with lender Customers Bank valued at $49 million for the school building (W9) at 1501 Pitkin Avenue in Brownsville, Brooklyn. The charter school Brownsville Ascend Lower School occupies the building. The deal closed on September 16, 2025 and was recorded on September 29, 2025. The prior lender was Blackstone Group which…

Jacob Fulop through the entity Franklin Lofts NY LLC paid $3.1 million to Steve Bailey through the entity Bailey, Steve for the six-unit mixed-use building (S9) at 726 Franklin Avenue in Crown Heights, Brooklyn. The deal closed on September 18, 2025 and was recorded on September 25, 2025. The property has 7,308 square feet of built space and 3,483 square feet of additional air rights…

Emerson Rose NY through the entity Emerson Rose LLC paid $3.5 million to Pamela Peterson through the entity 442 Van Brunt St. LLC for the mixed-use building (S1) at 442 Van Brunt Street in Red Hook, Brooklyn. The expected use is cash flowing. The building is at the corner of Beard Street and is adjacent to a vacant lot. The deal closed on September 12,…

ZD Jasper Realty through the entity Davis Street Development LLC as borrower signed a refi loan with lender Morgan Stanley through the entity Morgan Stanley Bank, N.A. valued at $74 million for the 122-unit residential elevator building (D7) at 45-19 Davis Street in Long Island City, Queens. The deal closed on September 19, 2025 and was recorded on September 26, 2025. The prior lender was…

Divyank Patel through the entity Samp 272, LLC paid $6.2 million to Robert P. Peck through the entity Hillside-Queens Co, Limited Liability Company for the retail building (K7) at 272-06 Union Turnpike and retail building (K1) at 272-08 Union Turnpike in Glen Oaks, Queens. The expected use is cash flowing. The deal closed on August 26, 2025 and was recorded on September 26, 2025. The…

The family office of longtime H&M executive and billionaire Stefan Persson, known as Ramsbury Property, through the entity 106 Prince Street LLC as borrower, signed a refi loan with lender Handelsbanken through the entity Svenska Handelsbanken Ab (Publ) valued at $61 million for eight properties with four residential units including the four-unit mixed-use building (K9) at 122 Greene Street in SoHo, Manhattan, retail condo at…

Feil Organization through the entity 251 PAS LLC as borrower signed a refi loan with lender Citibank through the entity Citi Real Estate Funding Inc. valued at $63.8 million for the office building (O6) at 251 Park Avenue South in Gramercy, Manhattan. The deal closed on September 11, 2025 and was recorded on September 29, 2025. The prior lender was M&T Bank which held debt…

Borough Developers and Watermark Capital Group through the entity Sixty Seven Fourth LLC paid $24 million to Tolib Mansurov through the entity 75 Fourth Ave LLC for six properties making up a development site at 75 4th Avenue in Park Slope, Brooklyn. On these lots, there is one active new building construction project, B01249173, for a 99-unit, 88,943 square-foot R-2 building. The project was submitted…

Elysee Investment Corp through the entity Chasdei Hashem 81 LLC paid $7.3 million to Jong Mok Che through the entity J. Chay Enterprises LLC for the 10-unit residential walkup building (C4) at 161 East 81st Street in Carnegie Hill, Manhattan. The expected use is cash flowing. The deal closed on September 17, 2025 and was recorded on September 26, 2025. The property has 10,570 square…

Olshan Properties through the entity 99 Hudson 15-17, LLC paid $13 million to AEW Capital Management through the entity 99 Hudson LLC for the office condo at 93 Hudson Street in Tribeca, Manhattan. The expected use is cash flowing. The deal closed on September 24, 2025 and was recorded on September 26, 2025. The property has 24,193 square feet of built space according to a…

Vanderbilt University through the entity Vanderbilt Chelsea Holdings LLC signed a 99-year ground lease valued at $44.3 million with the General Theological Seminary for the specialty building (W7) at 440 West 21st Street in Chelsea, Manhattan, hotel condo at 180 10th Avenue in Chelsea, Manhattan. The expected use is owner-occupied. The seminary will continue to use some of the space. The deal closed on September…