Yitzchok Schwartz through the entity Franklin Gardens II LLC paid $45 million to Ian Bruce Eichner’s Continuum Company through the entity Franklin Ave Property Owner LLC for the development building (V1) at 962 Franklin Avenue in Crown Heights, Brooklyn and industrial building (E9) at 972 Franklin Avenue in Crown Heights, Brooklyn. The expected use is ground up development. On these lots, there is one active…
Macklowe Properties and SK Development through the entity 809 Madison Avenue Condo LLC paid $49 million to Churchill Real Estate Holdings through the entity 809 Madison Owner LLC for the property at 809 Madison Avenue and the adjacent property at 30 East 68th Street in Lenox Hill, Manhattan. The expected use is conversion to residential condominiums. The deal closed on September 18, 2025 and was…
Developer Yoel Teitelbaum alleges his plans to build apartments on a potential development site in Long Island City, Queens, worth an estimated $29 million, are being scuttled by the would be ground lessor, a church which Teitelbaum claims has not obtained required government permission so that the project can move forward. Teitelbaum is suing the ground lessor as well as a California company, in order…
The Soleimani family’s ABJ Properties paid $2.3 million to Related Companies for two residential walkup buildings in Astoria, Queens, in two transactions, that last sold in 2015 for a combined $6.4 million. In the first transaction, ABJ Properties through the entity 32-38 Realty LLC paid $1.15 million to Related Companies through the entity Nysandy8 Brooklyn 10 LLC for the six-unit residential walkup building (C2) at…
Greenbrook Partners and Carlyle Group through the entity Townhouse Rental II, L.L.C. paid $2.4 million to Joseph Yaakovzadeh through the entity Majestic Bricks LLC for the four-unit building (C3) at 506 Woodward Avenue in Ridgewood, Queens. The expected use is cash flowing. The deal closed on September 18, 2025 and was recorded on September 24, 2025. The property has 2,750 square feet of built space…
Caspi Development through the entity 79 Walker Owner LLC as borrower signed a refi loan with lender Rialto Capital through the entity Rref V – D Direct Lending Investments, LLC valued at $14.2 million for the retail building (O2) at 79 Walker Street in Tribeca, Manhattan. The deal closed on September 19, 2025 and was recorded on September 25, 2025. The prior lender was PNC…
Bungalow Projects and Bain Capital Real Estate through the entity NYM 145 Wolcott, LLC as borrower signed a new construction loan with lender Farallon Capital Management through the entity Vestibule Holdings, LLC valued at $64.1 million for the film studio at 176 Dikeman Street, also known as 63 Ferris Street in Red Hook, Brooklyn. On the lot, there is a new building project, B01061966, for…
Firmdale Hotels through the entity 56th Street Hotel LLC (and others) as borrower signed a refi loan with lender Wells Fargo valued at $225 million for three hotels including the Whitby Hotel building (H2) at 18-22 West 56th Street in Midtown West, Manhattan, the Crosby Street Hotel building (HB) at 79-85 Crosby Street in SoHo, Manhattan, and the Warren Street Hotel building (H2) at 86…
The Fuzailovs’ Dynasty Capital through the entity 89-40 Metropolitan Ave LLC paid $4.5 million to Yaron Rosenthal through the entity 89-40 Realty LLC for the development parcel (V1) at 89-40 Metropolitan Avenue in Glendale, Queens. The expected use is ground up development. On the lot, there is one active new building construction project, Q00956185, for a 7,339 square-foot retail building. The project was submitted by…
Aziz Tareb’s Tareb Mgmt through the entity 3500 Whiteplains LLC paid $8 million to Frank Cinquemani through the entity Cinquemani Partners LLC for the retail building (K1) at 3500 White Plains Road in Williamsbridge, Bronx. The deal closed on September 11, 2025 and was recorded on September 25, 2025. The property has 10,000 square feet of built space and 30,000 square feet of additional air…
Harkham Ventures through the entity HV 263 Ep LLC paid $8.9 million to the entity Michelin Partners LLC for the 62-unit residential elevator building (D1) at 263 Eastern Parkway in Crown Heights, Brooklyn. The expected use is cash flowing. The deal closed on September 11, 2025 and was recorded on September 24, 2025. The property has 75,000 square feet of built space and 9,504 square…
Jack Guttman’s Pearl Realty Management through the entity 3718 Northern Blvd LLC paid $42.8 million to RXR Realty through the entity RXR Smp Owner LLC for the office building (O5) at 37-18 Northern Boulevard in Long Island City, Queens. The expected use is cash flowing. The deal closed on September 16, 2025 and was recorded on September 24, 2025. The property has 318,000 square feet…
UPDATED 1:48 p.m., September 25, 2025: Harrison Mashaal and Senvest Capital through the entity 321 Starr Property Owner LLC paid $17.5 million to Arel Capital through the entity Starrstruck Holding LLC for the retail building (K2) at 321 Starr Street in Bushwick, Brooklyn. The deal closed on September 22, 2025 and was recorded on September 25, 2025. The property has 26,624 square feet of built…
Urban American Management through the entity 30-58/64 34th Street, LLC as borrower signed a refi loan with lender Citibank through the entity Citi Real Estate Funding Inc. valued at $9 million for two residential walkup properties with 72 residential units including the 36-unit residential walkup building (C1) at 30-58 34th Street and the adjacent building 36-unit residential walkup building (C1) at 30-64 34th Street in…
Son Dinh Tran through the entity 14 First Ave LLC as borrower signed a refi loan with lender Deutsche Bank through the entity DBR Investments Co. Limited valued at $24 million for seven properties with 60 residential units including the 22-unit residential walkup building (C4) at 445 West 46th Street in Hell’s Kitchen, Manhattan, mixed-use building (K2) at 316 East 149th Street in Mott Haven,…
SL Green Realty through the entity 11 Madison Avenue Owner LLC as borrower signed a refi loan with lenders Wells Fargo, JPMorgan Chase, Bank of America, Goldman Sachs, Deutsche Bank, and Bank of Montreal valued at $1.4 billion for the office building at 11 Madison Avenue in Flatiron District, Manhattan. The deal closed on September 17, 2025 and was recorded on September 23, 2025. The…
Mohamed Alkaifi through the entity 4185 Wpr LLC paid $3.1 million to Anthony J. Puma Jr. through the entity Vap Properties Co., Inc. for the two-unit mixed-use building (K4) at 4189 White Plains Road in Wakefield, Bronx. The expected use is cash flowing. The deal closed on September 11, 2025 and was recorded on September 23, 2025. The property has 8,088 square feet of built…
The New York-based anti-abortion Catholic women’s organization Sisters of Life paid $7.5 million to the Soldiers’, Sailors’, Marines’ and Airmen’s Club for the former clubhouse building (P5) at 281-293 Lexington Avenue in Murray Hill, Manhattan. The expected use is owner-occupied. The property was tied up in litigation stretching back nearly 20 years, which was settled with this sale. The deal closed on September 8, 2025…
UPDATED 10:42 a.m., September 25, 2025: OTL Enterprises and Midtown-based Troy Realty Capital through the entity 21 Park Place Owner, LLC paid $8 million to Mark Schneiderman through the entity 21 Park Place NY L.P. for the development site (V1) at 21 Park Place in Financial District, Manhattan. The expected use is ground up development. The deal closed on September 4, 2025 and was recorded…
Parkview Properties through the entity Evergreene 499 LLC paid $8.3 million to the Nadav Hamo’s NYC Prime Properties through the entity 503 Evergreen Avenue LLC for four condominium units that make up two buildings, the nine-unit 503 Evergreen Avenue and the adjacent eight-unit at 499 Evergreen Avenue, both in Bushwick, Brooklyn. Each building also has a retail condo unit. The expected use is cash flowing….
