Seastone Capital through the entity 2359-2371 Grand Concourse LLC paid $3.8 million to Alexis Baez through the entity B N Holding Corp. for the 21-unit residential walkup building (C7) at 2359 Grand Concourse in Fordham Heights, Bronx. The expected use is cash flowing. The deal closed on August 28, 2025 and was recorded on September 19, 2025. The property has 21,176 square feet of built…
Gil Treger through the entity Sagaponack1, LLC paid $9.5 million to Miller & Miller Real Estate through the entity Millshan Realty Co., LLC for the 113-unit residential elevator building (D6) at 2665 Grand Concourse in Fordham Manor, Bronx. The expected use is cash flowing. The deal closed on September 17, 2025 and was recorded on September 19, 2025. The property has 150,000 square feet of…
Jeff Sutton’s Wharton Properties, the Dushey family’s Jenel Real Estate, and a group of investors including Raymond Levy, through their owner entities, sued the city’s Department of Finance yesterday alleging inflated and outdated assessments on four properties on West 34th Street that lead to property taxes that are many times higher than they should be. The filing asserts the current assessed value for the four…
Santander Bank filed a pre-foreclosure action alleging a $43 million loan originated in 2020 and secured by a 126-unit rental building at 400 East 58th Street in Sutton Place, Manhattan, which is owned by A&E Real Estate Holdings, is in default. The bank filed the complaint in New York State Supreme Court in Manhattan, on Friday. Court filings represent the position of one party and…
Glacier Equities through the entity 151 Kent Owner LLC paid $30.5 million to DLJ Real Estate Capital Partners through the entity 151 Kent Avenue Owner LLC for the 50-unit residential elevator building (D5) at 151 Kent Avenue in Williamsburg, Brooklyn. The expected use is cash flowing. The deal closed on September 10, 2025 and was recorded on September 19, 2025. The property has 54,000 square…
Bowery Residents’ Committee through the entity BFH Housing Development Fund Corporation paid $33.1 million to Neighborhood Restore through the entity Neighborhood Renewal Housing Development Fund Corp for the 60-unit residential walkup building (C1) at 1097 Walton Avenue in Concourse, Bronx, 60-unit residential walkup building (C1) at 1177 Walton Avenue in Concourse, Bronx, and 67-unit residential elevator building (D1) at 1245 Findlay Avenue in Concourse Village,…
United American Land through the entity 385 Jay LLC paid $14.5 million to the Pankin family through the entity Alphil Realty LLC for the mixed-use building (K4) at 48 Willoughby Street, the mixed-use building (K4) at 385 Jay Street and the mixed-use building (K4) at 387 Jay Street in Downtown Brooklyn, Brooklyn. The properties are all adjacent to one another, and the expected use is…
Westbridge Realty Group through the entity Weeks Residence LLC as borrower signed a new construction loan with lender Cross River Bank through the entity Cross River Bank valued at $28 million for the development project at 1801 Weeks Avenue in Mt Hope, Bronx. On the lot, there is one active new building construction project, X01143746, for a 99-unit, 64,398 square-foot R-2 building. The project was…
Storage Deluxe through the entity Evergreen 105 LLC as borrower signed a refi loan with lender Deutsche Bank and Goldman Sachs valued at $105 million for the storage building (E7) at 105 Evergreen Avenue in Bushwick, Brooklyn. The deal closed on September 11, 2025 and was recorded on September 18, 2025. The prior lender was PNC Bank which held debt that had an original loan…
Sky Equity Group US and Rabsky Group through the entity Sky 65 Franklin LLC paid $47.5 million to Bonjour Capital through the entity Franklin Broadway Holdings LLC for the development site (V1) at 358 Broadway in Tribeca, Manhattan, and through a second transaction paid an additional $9.5 million. The expected use is ground up development. The developers already own the corner parcel, purchased from HAP…
Abraham Posner through the entity 913 East 108 LLC paid $11.4 million to Samuel Sherman through the entity Fsnr Acquisition Group LLC for the specialty nursing facility building (I7) at 945 East 108th Street in Canarsie, Brooklyn. The deal closed on August 28, 2025 and was recorded on September 18, 2025. The property has 33,350 square feet of built space and 63,632 square feet of…
Janusz Sendowski through the entity 280 W11, LLC paid $13.5 million t0 the entity Falklands East I, LLC for the five-unit residential walkup building (C2) at 280 West 11th Street in West Village, Manhattan. The expected use is cash flowing. The deal closed on September 3, 2025 and was recorded on September 18, 2025. The property has 6,865 square feet of built space and 1,537…
Skydance Media through the entity Paramount Skydance Corporation acquired from Paramount Global through the entity CBS Broadcasting Inc., a full block of commercial buildings in Hell’s Kitchen known as the CBS Broadcast Center as well as the theater and office building 1697 Broadway a few blocks east and south in Midtown West, in a transaction valued at $173.7 million. The CBS Broadcast Center is the…
Japan-based ThirdWave Group through the entity ThirdWave Corp. as borrower signed a refi loan with lender Sumitomo Mitsui Banking Corporation valued at $6.8 million for two residential walkup properties with 20 residential units including the 10-unit residential walkup building (C5) at 250 West 102nd Street and the 10-unit residential walkup building (C4) at 248 West 102nd Street in Upper West Side, Manhattan. The deal closed…
Sarah Blumenthal and Alice Roy Blumenthal through the entity 54-56 Irving Place LLC as borrower signed an initial loan with lender Castellan Capital through the entity 54-56 Irving Pl LLC valued at $8.5 million for the Inn at Irving Place hotel building (H3) at 54-56 Irving Place in Gramercy, Manhattan. The deal closed on August 22, 2025 and was recorded on September 16, 2025. The…
Peak Capital Advisors through the entity 1155 45th Owner LLC as borrower signed a refi loan with lender Derby Copeland Capital through the entity Fcr Dc Jv Holdings LLC valued at $15.3 million for the 46-unit residential walkup building (C7) at 11-55 45th Avenue in Long Island City, Queens. The deal closed on September 11, 2025 and was recorded on September 16, 2025. The prior…
Franco Sukaj through the entity 1546 Wpr LLC as borrower signed a refi loan with lender Wells Fargo valued at $9.8 million for the 39-unit residential elevator building (D1) at 1550 White Plains Road in Parkchester, Bronx. The deal closed on August 28, 2025 and was recorded on September 17, 2025. The prior lender was NorthEast Community Bank which held debt that had an original…
David Sutton through the entity 136-81 Roosevelt Realty LLC paid $10 million to Joseph Lo and Alexander Chu through the entity Roosevelt Realty Development Corp for the retail and office building (O2) at 136-81 Roosevelt Avenue in Flushing, Queens. The expected use is cash flowing. The deal closed on September 9, 2025 and was recorded on September 17, 2025. The property has 8,500 square feet…
Yechiel Newhouse through the entity Tinton Wales LLC paid $19.6 million to Leeds Associates through the entity Tegford Realty, LLC for the 24-unit residential walkup building (C7) at 644 Wales Avenue in Longwood, Bronx, 28-unit residential walkup building (C7) at 786 East 152nd Street in Longwood, Bronx, and 30-unit residential walkup building (C7) at 790 East 152nd Street in Longwood, Bronx. The expected use is…
Bear Creek Asset Management through the entity 83 Apollo Propco LLC paid $28 million to Apex Investments through the entity 83-97 Apollo Owner LLC for the newly constructed homeless shelter at 83 Apollo Street in Greenpoint, Brooklyn. The expected use is cash flowing. The deal closed on August 29, 2025 and was recorded on September 17, 2025. The property has 33,882 square feet of built…
