Comjem Associates through the entity Steinway Street Associates, LLC paid $9.8 million through an estate sale to the Bernstein family for the mixed-use building (K4) at 38-11 Broadway in Astoria, Queens. The expected use is cash flowing. The deal closed on September 12, 2025 and was recorded on September 23, 2025. The property has 31,775 square feet of built space according to a PincusCo analysis…
The entity 199 Cook Street Capital, LLC, affiliated with the private investment company Virivia, bought a note with an original principal of $7.3 million from Blackstone Group secured by a retail and office building (O5) at 199 Cook Street in East Williamsburg, Brooklyn, that is owned by an affiliate of Virivia. The deal closed on September 5, 2025 and was recorded on September 22, 2025….
Henry Justin’s HJ Development through the entity 35th St Owners Corp. as borrower signed a refi loan with lender Wells Fargo valued at $17.2 million for the office building (O6) at 261 West 35th Street in Garment District, Manhattan. The deal closed on September 18, 2025 and was recorded on September 22, 2025. The prior lender was Wells Fargo which held debt that had an…
Eliahu Nahman through the entity Bless Winthrop LLC as borrower signed a refi loan with lender Bank of Montreal valued at $17.8 million for two properties with 56 residential units including the 49-unit residential elevator building (D3) at 250 Winthrop Street and the seven-unit residential walkup building (C1) at 254 Winthrop Street in Prospect Lefferts Gardens, Brooklyn. The deal closed on September 18, 2025 and…
SMA Equities through the entity Simin 276, LLC paid $3.5 million to Meadow Partners through the entity 718 Lorimer Owner LLC for the five-unit residential walkup building (C2) at 718 Lorimer Street in Williamsburg, Brooklyn. The expected use is cash flowing. The deal closed on September 16, 2025 and was recorded on September 22, 2025. The property has 4,125 square feet of built space and…
Audrey Pastorek through the entity 197 Henry Street LLC paid $3.5 million to Davis Tong through the entity Miracle 8 Realty Corp. for the three-unit mixed-use building (S3) at 197 Henry Street in Lower East Side, Manhattan. The expected use is cash flowing. On the lot, there is one active major alteration construction project, M01213346, to expand the size of the existing three-unit building to…
Hesham Hamod Alsaedi and Adeeb Saeidi through the entity 220 N LLC paid $4.1 million to Abro Management through the entity 210-220 Nagle Ave. LLC for the retail building (K1) at 220 Nagle Avenue in Inwood, Manhattan. The deal closed on July 16, 2025 and was recorded on September 22, 2025. The property has 5,000 square feet of built space and 15,000 square feet of…
KeyBank as special servicer for the loan trusts Series 2019-SB67 and Series 2018-SB53, filed nine pre-foreclosure actions in New York State Supreme Court in Manhattan yesterday that allege nine loans with a combined original principal of $55.5 million and secured by City Skyline Realty rentals in Manhattan and the Bronx, were in default. The special servicer alleges the loans are in monthly interest payment defaults,…
Fannie Mae filed a $61.5 million pre-foreclosure action alleging that loans secured by two large Bronx buildings, Fordham Tower at 480 to 490 East 188th Street, and Fulton Tower at 540 East 169th Street, both owned by Rajmattie Persaud and Karan Singh, were in default. This is at least the third, and is the largest, pre-foreclosure action a lender or servicer has filed against Rajmattie…
Rialto Capital Advisors on behalf of a securitized loan trust, filed a $30 million pre-foreclosure action yesterday in New York State Supreme Court alleging a loan with an original principal of $35 million and secured by Olshan Properties’ retail and residential assets in Lenox Hill, was in a maturity default. The loan, held by WFRBS Commercial Mortgage Trust 2014-C20, Commercial Mortgage Pass-Through Certificates, Series 2014-C20,…
The Koptiev family’s Platinum Realty Associates paid $4.9 million for two adjacent retail buildings in Briarwood, Queens, in two transactions. In the larger, Platinum Realty Associates through the entity 138-55 QB LLC paid $3.27 million for the retail building (K1) at 138-69 Queens Boulevard in Briarwood, Queens. The expected use is cash flowing. The deal closed on August 20, 2025 and was recorded on September…
Aron Schwartz through the entity 2683 Atlantic LLC paid $3.3 million to Nikul Patel through the entity 2669 Atlantic Ave LLC for the ground lease that controls a 49-unit hotel development at 149 New Jersey Avenue in Cypress Hills, Brooklyn. The expected use is ground up development. On the lot, there is one active new building construction project, 321066573, for a 49-unit, 17,398 square-foot hotel…
Bruklyn Builders through the entity 303 East 44th St LLC as borrower signed a refi loan with lender S3 Capital through the entity S3 Re 303 E 44th St Funding LLC valued at $25.9 million for the development parcel (V1) at 303-305 East 44th Street in Turtle Bay, Manhattan. The deal closed on September 11, 2025 and was recorded on September 22, 2025. The prior…
Heloise Parker through the entity 1624-1632 George LLC paid $6.2 million to Torkil Gudnason through the entity George Street Properties LLC for the industrial building (F5) at 16-32 George Street in Ridgewood, Queens and industrial building (G7) at 16-24 George Street in Ridgewood, Queens. The deal closed on September 18, 2025 and was recorded on September 22, 2025. The two properties have 7,500 square feet…
Galinda Wang through the entity 39th Ave New York Apt., LLC paid $7.3 million to George Lambadis Inc. for the 40-unit residential walkup building (C1) at 27-08 39th Avenue in Long Island City, Queens. The expected use is cash flowing. The deal closed on September 11, 2025 and was recorded on September 22, 2025. The property has 25,125 square feet of built space according to…
SIBA Residences through the entity 150 Greenway Terrace LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $7.6 million for the 92-unit residential elevator building (D7) at 150 Greenway Terrace in Forest Hills, Queens. The deal closed on September 12, 2025 and was recorded on September 19, 2025. The prior lender was JPMorgan Chase which held debt that had an original…
Westbridge Realty Group through the entity Lorillard Commons LLC as borrower signed a new construction loan with lender IceCap Group through the entity Ice Lender Holdings, LLC valued at $9.9 million for the 90-unit development at 2351 Lorillard Place in Belmont, the Bronx. On these lots, there is one active new building construction project, X01150951, for a 83-unit, 56,386 square-foot residential (R-2) building. The project…
Xue Jiao Lin and Xing Lian through the entity Lian Xing 168 LLC paid $2.1 million to John Kim for the retail building (K1) at 264 Schenectady Avenue in Crown Heights, Brooklyn. The expected use is cash flowing. The deal closed on September 4, 2025 and was recorded on September 19, 2025. The property has 4,243 square feet of built space and 7,732 square feet…
RNS Holdings through the entity Bay Ridge Luxury Condos LLC paid $3.8 million to Mousa Khalil through the entity Famulari, Esq As Referee, Dominic J for the specialty building (Z9) at 436 97th Street in Bay Ridge, Brooklyn. The expected use is ground up development. The deal closed on September 11, 2025 and was recorded on September 19, 2025. The property has zero square feet…
The Jackson Group, BX Capital, and KSR Capital, through the entity 5 Canal Owner LLC paid $41.5 million to ASB Real Estate Investments through the entity 625 Broadway Venture, LLC for the office building (O6) at 625 Broadway in NoHo, Manhattan. The expected use is cash flowing. The deal closed on September 17, 2025 and was recorded on September 22, 2025. The property has 78,958…
