The entity Euphratica Holdings LLC with signatory of California-based Zehua Lai, paid $4.9 million to HUBB NYC through the entity 1323 Madison Trevi LLC for the mixed-use building (S0) at 1323 Madison Avenue in Carnegie Hill, Manhattan. The deal closed on August 8, 2025 and was recorded on September 8, 2025. The property has 5,920 square feet of built space and 8,880 square feet of…
Vornado Realty Trust through the entity 623 Fifth Leasehold Owner LLC and 623 Fifth Fee Owner LLC, paid $218 million to Cohen Brothers Realty through the entity Fifth Avenue Building Company LLC for the fee interest and leasehold interest in the office condominium unit at 623 Fifth Avenue in Midtown East, Manhattan. The expected use is cash flowing. The building is legally connected with the…
UPDATED 3:00 p.m., September 10, 2025: The entity 1667 Sheepshead Bay LLC as borrower signed an initial loan with lender Hirshmark Capital through the entity HM LFC Two LLC valued at $6.9 million for two development sites including the 26-unit project at 1667 Sheepshead Bay Road and a parcel with no public plans, that is still a parking lot (GU) at 2510 Coney Island Avenue,…
Regal Ventures through the entity C & F Second Avenue LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $14.5 million for the industrial building (E9) at 58 2nd Avenue in Gowanus, Brooklyn. The deal closed on August 28, 2025 and was recorded on September 5, 2025. The prior lender was Santander Bank which held debt that had an original loan…
David Goldberger and Hershy Silberstein through the entity Hillside Residents LLC as borrower signed a new construction loan with lender Popular Bank valued at $22 million for the 35-unit project at 172-02 Hillside Avenue in Jamaica, Queens. On the lot, there is a new building project, Q00568756, for a 35-unit, 50,654 square-foot residential (R-2) building submitted by Ben Kaftari and filed by Ben Kaftari with…
An affiliate of Ira Saferstein and Ayla Saferstein through the entity 174-176 Fifth LLC paid $13.2 million for ownership in the retail and office building (O5) at 174 Fifth Avenue between 22nd and 23rd streets in Flatiron District, Manhattan, according to an analysis of property records by PincusCo. The expected use is cash flowing. The deal closed on August 26, 2025 and was recorded on…
Madison Realty Capital through the entity Fifth Avenue Owners Group LLC as borrower signed a refi loan with lender Deutsche Bank valued at $105 million for the 14-unit residential condominium building (D3) at 16 Fifth Avenue in Greenwich Village, Manhattan. On the lot, there is one active new building construction project, 121206756, for a 14-unit, 82,298 square-foot residential (R-2) building. The project was submitted by…
Affiliates of Wiederkehr Real Estate and S&G Realty Holding through the entity Gardner Purchaser LLC (and others) as borrowers obtained a refi loan with lender Genesis LLC through the entity NEG Financing 12 LLC valued at $22 million for three properties including the industrial building (E1) at 110 Varick Avenue, mixed-use building (K4) at 140 Stewart Avenue, and the mixed-use building (K1) at 111 Gardner…
Ironstate Development through the entity Cooper AB, LLC as borrower signed a refi loan with lender East West Bank valued at $35 million for The Standard East Village hotel building (H2) at 25 Cooper Square in East Village, Manhattan. The deal closed on August 1, 2025 and was recorded on September 5, 2025. The prior lender was M&T Bank which held debt that had an…
Yossel Lichtman, who also uses the name Joseph Lichtman, through the entity 425 Coney Island Realty LLC as borrower signed a refi loan with lender Valley National Bank valued at $56 million for the newly constructed 90-unit residential elevator building (D6) at 435 Coney Island Avenue in Flatbush, Brooklyn. The deal closed on August 27, 2025 and was recorded on September 5, 2025. The prior…
Iconiq Capital , which manages assets for wealthy individuals such as Facebook founder Mark Zuckerberg through the entity Gotham Park, LLC paid $9 million to Stephanie Eisenberg through the entity 51 South 2nd Street Owner LLC for the parking lot (G7) with an approximate address of 51 South 2nd Street in Williamsburg, Brooklyn. The adjacent building at 49 South 2nd Street, owned by Solomon Markowitz…
Affiliates of CareRite Centers, David Katz, Julie Lichtenstein, and Teddy Lichtenstein through the entity Meadow Park CR TIC LLC paid $22.9 million to Benjamin Landa, Theodore Pollack, Helen Webster, Anne Gottlieb, and Michael Netzer for the nursing and rehabilitation Meadow Park Rehab building (I6) at 78-10 164th Street in Kew Garden Hills, Queens. The expected use is cash flowing. The deal closed on August 8,…
RXR Realty sold its preferred equity investment in a three-building package of Upper East Side luxury buildings for $339.5 million, according to a Toronto stock exchange filing, yielding an approximately 30 percent increase over the $261 million it invested in the buildings in 2022. At that time RXR led a limited partnership including Qatar Investment Authority and Macquarie Capital Principal Finance through the entity RXR…
Florida investor David Shapiro who leads Williamsburg-based Grand & Co., through the entity Seventh 135 Eldridge St LLC, paid $13.5 million to R.A. Cohen & Associates through the entity Eldridge Associates LLC for the residential walkup building (C7) with 28 residential and two retail units at 135 Eldridge Street in the Lower East Side, Manhattan. The expected use is cash flowing. David Shapiro closed on…
HUBB NYC through the entity 101 West 87th St. Trevi LLC as borrower signed a refi loan with lender M&T Bank through the entity Manufactures And Traders Trust Company valued at $56 million for 13 properties with 12 residential units including the retail condo at 20 East 35th Street in Grand Central, Manhattan, retail condo at 101 West 87th Street in Upper West Side, Manhattan,…
RYCO Capital through the entity West Lake 801 Greenwich LLC as borrower signed a refi loan with lender Urban Standard Capital through the entity USC 801 Greenwich LLC valued at $10.8 million for the four-unit mixed-use building (S9) at 801 Greenwich Street in West Village, Manhattan. The deal closed on August 7, 2025 and was recorded on September 4, 2025. The prior lender was Derby…
UPDATED 12:06 p.m., September 5, 2025: The Drakatos family’s M&N Management through the entity 125 Seaman LLC paid $6.3 million to East Coast Management through the entity Seaman Bahman Capital LLC for the 48-unit residential elevator building (D1) at 125 Seaman Avenue in Inwood, Manhattan. The expected use is cash flowing. The deal closed on August 14, 2025 and was recorded on September 4, 2025….
Albert Rabizadeh’s Global Asset Properties through the entity 100 Washington Street LLC paid $7.7 million through a owner-occupied to China Institute in America for two office condominium units at 40 Rector Street in Financial District, Manhattan. The expected use is cash flowing. The deal closed on August 28, 2025 and was recorded on September 4, 2025. The two properties have 6,558 square feet of built…
UPDATED 6 a.m., September 7, 2025: David Shapiro of Brooklyn-based Grand & Co., through the entity Sixth 410 W 22nd St LLC, paid $9.2 million to A.D. Real Estate Investors through the entity 410 Holdings LLC for the 17-unit residential walkup building (C5) at 410 West 22nd Street in Chelsea, Manhattan. The expected use is cash flowing. Shapiro’s entity has an address in Florida. The…
The securitized trust known as Series 2022-C62 through the entity WCFM 2022-C62 3450 Broadway LLC acquired through a deed-in-lieu of foreclosure from Sternhell Holdings’ entity Broadway 3450 LLC, the 24-unit residential elevator building (D7) at 3450 Broadway in Harlem, Manhattan. The expected use is hold for sale. The transfer value on Acris was $9.4 million, but that likely represents the accumulated debt and is not…
