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…
AYA Acquisition through the entity Highgate 2 Hotel LLC paid $54.7 million for three commercial condominium units including hotel and retail at 66 West 45th Street in Midtown West, Manhattan. The expected use is cash flowing. The former owner was HNA Group which lost it in a foreclosure auction. The deal closed on August 28, 2025 and was recorded on September 4, 2025. The three…
AYA Acquisitions through the entity 321-323-325 West 42nd Street LLC as borrower signed a refi loan with lender Bank of Montreal, also known as BOM, valued at $23 million for three residential walkup properties (C7) each with 12 units at 321, 323 and 325 West 42nd Street in Hell’s Kitchen, Manhattan. The deal closed on August 28, 2025 and was recorded on September 3, 2025….
Icon Realty Management through the entity 147 First Realty LLC paid $1.7 million to the estate of Esther Garibaldi through the entity Chela Realty Corp. for the fee interest in the East Village Hotel building (H3) at 147 First Avenue in East Village, Manhattan. The expected use is cash flowing. The seller as landlord and Icon Realty Management as tenant signed a 49-year ground lease…
The German bank Helaba , also known as Landesbank Hessen-Thuringen Girozentrale filed a $50 million pre-foreclosure action in New York State Supreme Court in Manhattan yesterday alleging payment and other defaults in the loan secured by Wharton Properties 27-29 West 34th Street in the Garment District of Manhattan. Court filings represent the position of one party and are not necessarily accurate or complete. Case LINK…
Vankata Satya Saibaba Tata through the entity Divergent Realco Inc. paid $2 million to Dhanmattie Boodhoo through the entity The Dhanmattie Boodhoo Revocable Trust for the specialty building (W8) at 2007 Linden Boulevard in East New York, Brooklyn. The expected use is cash flowing. The deal closed on August 14, 2025 and was recorded on September 3, 2025. The property has 3,520 square feet of…
UPDATED 3:55 p.m., September 5, 2025: Brooklyn dentist Steven Lorber through the entity 705 Dental RE LLC paid $2.5 million to Noah S. Fireworker through the entity 705 Ave L Realty LLC for mixed-use building (B2) at 705 Avenue L in Midwood, Brooklyn that has one residential unit and one medical unit. The expected use is owner-occupied. The deal closed on August 21, 2025 and…
Aaron Berger through the entity Gowanus 9th Street Owner LLC as borrower signed a refi loan with lender Genesis LLC through the entity NEG Financing 10 LLC valued at $23.5 million for the industrial building (E1) at 37 9th Street in Gowanus, Brooklyn. The property was involved in one lawsuit over the past two years. The suit was a $26 million commercial foreclosure, 525148/2025, filed…
Angelo Rigas through the entity Cos Management & Realty, Inc. as borrower signed a refi loan with lender Hirshmark Capital through the entity 263 Prospect 2 Funding LLC valued at $50 million for eight properties with 147 residential units including the industrial building (E2) at 4920 3rd Avenue in Sunset Park, Brooklyn, industrial building (E1) at 5102 3rd Avenue in Sunset Park, Brooklyn, and industrial…
OTO Development through the entity Palmetto Hospitality of Manhattan III, LLC as borrower signed a refi loan with lender Fifth Third Bank valued at $96 million for the hotel building (H2) at 252 West 40th Street in Garment District, Manhattan. The deal closed on August 27, 2025 and was recorded on September 3, 2025. The prior lender was Fifth Third Bank which held debt that…
Jacob Fulop through the entity 703 East 6th Lofts LLC paid $3.5 million to Richard Pogostin through the entity 703-6th Inc. for the office building (O5) at 703 East 6th Street in East Village, Manhattan. The deal closed on August 28, 2025 and was recorded on September 3, 2025. The property has 6,970 square feet of built space and 1,041 square feet of additional air…
Carlyle Group and Greenbrook Partners through the entity Townhouse Rental II, L.L.C. paid $5.6 million to Penn South Capital through the entity Brooklyn5 LLC for the four-unit building (C3) at 138 Noble Street in Greenpoint, Brooklyn. The expected use is cash flowing. The deal closed on August 20, 2025 and was recorded on September 3, 2025. The property has 3,750 square feet of built space…
Sabet Group through the entity 269-271 E Houston Street LLC paid $7.2 million to Verbena Road Holdings through the entity 269 E Houston Partners LLC for the 15-unit residential walkup building (C7) at 271 East Houston Street in Lower East Side, Manhattan. The expected use is cash flowing. The deal closed on August 21, 2025 and was recorded on September 3, 2025. The property has…
The bankruptcy trustee for the shuttered Upper West Side Manhattan Country School values the organization’s main asset, the school building at 150 West 85th Street, at $39 million, and is preparing the building for sale, a new chapter 7 bankruptcy petition filed yesterday says. The entity West 85th Street Owner LLC, by trustee Albert Togut, filed the petition in the Southern District of the U.S….
The city’s School Construction Authority is buying a former convent location composed of four adjacent tax lots including 1651 Zerega Avenue, in Westchester Square, the Bronx, for $8.5 million to build new school, state records show. The seller is the Connecticut-based Roman Catholic religious congregation, the Apostles of the Sacred Heart of Jesus. The sale was disclosed in a document memorializing the New York State…
Charles Wurzberger , president of Candor Capital , signed a 99-year ground lease as tenant with Brooklyn’s Roman Catholic Church of St. Francis of Assisi as landlord, on May 30, 2025, for 331-333 Maple Street in Prospect Lefferts Gardens. The lease was disclosed in a petition filed yesterday in New York State Supreme Court in Brooklyn seeking court approval of the lease, which is a requirement…
The entity 168e75 LLC paid $5.3 million to C. V. Starr & Co., a company created by AIG-founder Cornelius Vander Starr, to purchase the three-unit townhouse (C0) at 168 East 75th Street in Lenox Hill, Manhattan. The property was listed by the brokerage Douglas Elliman. According to the listing, this one of five landmarked garages from 168 to 176 East 75th Street, designed in 1902…
UPDATED 12:22 p.m., September 3, 2025: Lalezarian Properties and Kahen Properties through the entity Third And Thirty Four LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $141 million for the 229-unit residential elevator building (D6) at 511 Third Avenue at the corner of East 34th Street in Murray Hill, Manhattan. The deal closed on August 26, 2025 and was recorded…
JEMB Realty through the entity Herald Towers, LLC as borrower signed a refi loan with lender Corebridge Financial through the entity American General Life Insurance Company valued at $275 million for two properties with 690 residential units including the 690-unit rental and retail condos at 50 West 34th Street in Penn Plaza, Manhattan. The deal closed on August 18, 2025 and was recorded on September…
