Capstone Equities, which purchased a loan last month with an original principal of $75 million and secured by Madison Capital’s office and retail building at 140 Crosby Street, filed a pre-foreclosure action yesterday in New York State Supreme Court in Manhattan, alleging the loan was in a maturity default. Court filings represent the position of one party and are not necessarily accurate or complete. Case…
Candor Capital through the entity Cedar St 1613 Holdings LLC as borrower signed a refi loan with lender Dwight Capital through the entity Dbf Spe 111 LLC valued at $19.5 million for the newly constructed 43-unit building at 1615 Cedar Avenue in Midwood, Brooklyn. Charles Wurzberger developed the 43-unit, 31,195-square-foot building under the job number 321649908, submitted September 5, 2017, and permitted on May 19,…
Jacob Landau and Pinches Abowitz through the entity 1832 Fulton Street LLC as borrower signed a construction loan with lender Popular Bank valued at $52 million for the 212-unit project at 1832 Fulton Street in Bedford Stuyvesant, Brooklyn. On the lot, there is one active new building construction project, B00696392, for a 212-unit, 141,437 square-foot R-2 building. The project was submitted by TOT Developers with…
Elad Group through the entity El Ad East 74 LLC as borrower signed a refi loan with lender Starwood Property Trust through the entity Starwood Property Mortgage Sub-23-A, L.L.C. valued at $77.4 million for 26 unsold condominium units at the 42-unit project at 201 East 74th Street in Lenox Hill, Manhattan. The deal closed on August 15, 2025 and was recorded on August 25, 2025….
Kate Chunhua Fu through the entity KL Maspeth LLC paid $3.3 million to Florjan Pepa through the entity 58-90 56th Drive LLC for the industrial building (F1) at 58-90 56th Drive in Maspeth, Queens. The expected use is cash flowing. The deal closed on August 15, 2025 and was recorded on August 25, 2025. The property has 4,080 square feet of built space and 4,947…
UPDATED 10:40 a.m., August 26, 2025: James G. Nicholas II through the entity 247 West Broadway N&M LLC paid $7.25 million to Amy Lynn David and Mindi Singer through the entity Hamb Realty, LLC for the three-unit mixed-use building (S3) at 247 West Broadway in Tribeca, Manhattan. The expected use is cash flowing. James G. Nicholas II bought 241 West Broadway January 23, 2024 for…
Bayrock Capital through the entity 1499 Bruckner LLC as borrower signed a refi loan with lender Levon Capital through the entity Levon NY CDXXIII LLC valued at $6 million for the development site at 1499 Bruckner Boulevard in Soundview, Bronx. On the lot, there is one active new building construction project, X00955123, for a 49-unit, 61,305 square-foot R-2 building. The project was submitted by Shia…
Builders Group USA through the entity 1130 Sherman LLC as borrower signed a refi loan with lender Symetra Life Insurance Company valued at $10.3 million for four residential walkup properties with 38 residential units including the eight-unit residential walkup building (C5) at 1130 Sherman Avenue in Concourse Village, Bronx, 10-unit residential walkup building (C1) at 1334 Findlay Avenue in Claremont Village, Bronx, and 10-unit residential…
Blackstone Group through the entity B9 Commerce Owner LLC as borrower signed a initial loan with lender Wells Fargo , Bank of America , Societe Generale , and Natixis valued at $68.5 million for four industrial properties including the industrial building (F4) at 1170 Commerce Avenue in Unionport, Bronx, industrial building (E9) at 1150 Commerce Avenue in Unionport, Bronx, and industrial building (F4) at 1180…
Vornado Realty Trust through the entity 4 Uss LLC as borrower signed a refi loan with lender Wells Fargo valued at $120 million for the retail building (K2) at 44 East 14th Street in Greenwich Village, Manhattan. The deal closed on August 12, 2025 and was recorded on August 22, 2025. The prior lender was Wells Fargo which held debt that had an original loan…
The entity TTC Investments XI LLC, which PincusCo determined is an affiliate of investor Adam Woodward, paid $5.5 million to Amy Kit-Ming Mak through the entity Bowery Land LLC for the two-unit mixed-use building (K4) at 5 Prince Street in Nolita, Manhattan. Adam Woodward owns two adjacent buildings that make the corner with Bowery and Prince Street, 232 and 234 Bowery. The deal closed on…
Avery Hall Investments through the entity Bedford Acquisition Partners LLC paid $10.1 million through a bankruptcy for the vacant development site at 1550 Bedford Avenue in Crown Heights, Brooklyn. The former owner was Yoel Goldman’s All Year Management through the entity 1550 Bedford Ave LLC, which lost it in the bankruptcy. The expected use is ground up development. The Brooklyn Eagle reported on this sale…
The entity Forum At Times Square, LLC in care of Berkowitz Pollack Brant, paid $28.9 million through a real estate owned (REO) transaction to Series 2016-CD2 and KeyBank for the retail condominium unit at the landmarked building at 229 West 43rd Street in Times Square, Manhattan. The expected use is cash flowing. The deal closed on August 12, 2025 and was recorded on August 22,…
Mendel Tessler through the entity 190 E 205 LLC as borrower signed a refi loan with lender Spencer Savings Bank valued at $7.5 million for the newly constructed building at 190 East 205th Street in Bedford Park, Bronx. On the lot, there was a new building construction project, X00750893, for a 25-unit, 13,699 square-foot residential (R-2) building. The project was submitted by Moshe Katz with…
Trans World Equities through the entity Palace Funding Inc. as borrower signed a refi loan with lender East West Bank valued at $17.3 million for the Studio Seaview theater building (J9) at 305 West 43rd Street, formerly known as 681 Eighth Avenue in Hell’s Kitchen, Manhattan. The space was previously occupied by the Tony Kiser Theater, but was taken over by the avant garde Studio…
The Bakhour family’s Unicorn Properties Group through the entity One Degraw LLC as borrower signed a refi loan with lender JPMorgan Chase valued at $13.3 million for two properties with 35 residential units including the 27-unit residential elevator building (D1) at 388 Vernon Avenue in Bedford Stuyvesant, Brooklyn and eight-unit residential walkup building (C1) at 825 Willoughby Avenue in Bedford Stuyvesant, Brooklyn. The deal closed…
Jack Resnick & Sons through the entity 200 Chambers, LLC as borrower signed a refi loan with lender Equitable Financial Life Insurance Company through the entity Axa Equitable Life Insurance Company valued at $18 million for retail, community facility and garage condominium units at 200 Chambers Street in Tribeca, Manhattan. The deal closed on August 7, 2025 and was recorded on August 18, 2025. The…
Douglaston Development through the entity North 4th Place, LLC as borrower signed a refi loan with lender KKR through the entity Commonwealth Annuity And Life Insurance Company valued at $171.5 million for the 509-unit residential elevator building (D8) at 1 North 4th Place in Williamsburg, Brooklyn. The deal closed on August 4, 2025 and was recorded on August 21, 2025. The prior lender was Northwestern…
Marzena Wawrzaszek through the entity 165 Woodpoint Road LLC paid $4.6 million to John Ricci through the entity Jlor Holdings LLC for the industrial building (E1) at 165 Woodpoint Road in East Williamsburg, Brooklyn. The expected use is new development. On the lot, there is one active major alteration construction project, B01224916, for a 10-unit, residential (R-2) building. The project was submitted by Chris Cielepak…
Ayhan Sav through the entity 44 Country Associates Ltd. paid $5 million to Aarin Spiegelman through the entity 56 W. 85th Associates, LLC for the 10-unit residential walkup building (C5) at 56 W 85th St in Upper West Side, Manhattan. The expected use is cash flowing. The deal closed on August 19, 2025 and was recorded on August 21, 2025. The property has 6,195 square…
