Transfers

CACHED

Mordechai Z. Halberstam signs $11.6M refi with CMFG for two properties in Williamsburg

Mordechai Z. Halberstam through the entity Mazal And Bracha, LLC as borrower signed a refi loan with lender CMFG Life Insurance Company through the entity Cmfg Life Insurance Company, An Iowa Corporation valued at $11.6 million for two properties with 26 residential units including the 24-unit residential walkup building (C1) at 16-20 Manhattan Avenue in Williamsburg, Brooklyn and two-unit mixed-use building (S9) at 32 Varet…

Spencer Equity signs $36.4M refi with Berkadia for two rentals in Highbridge

Joel Gluck’s Spencer Equity Group through the entity Alliance Housing II Associates LLC as borrower signed a refi loan with lender Berkadia Commercial Mortgage valued at $36.4 million for two properties with 174 residential units including the 102-unit residential elevator building (D6) at 1116 Woodycrest Avenue and the 72-unit residential walkup building (C9) at 1132 Nelson Avenue in Highbridge, Bronx. The deal closed on July…

RXR, Elliott, Baupost pay $1.08B for 590 Madison in Midtown East

RXR Realty, Elliott Investment Management, and Baupost Group through the entity RXR 590 Madison Owner LLC paid $1.08 billion to State Teachers Retirement System of Ohio through the entity 590 Madison Avenue, LLC for the office building (O4) at 590 Madison Avenue, and the retail building (K2) at 9 East 56th Street and 8 East 57th Street, all in Midtown East, Manhattan. The expected use…

John Ilibassi pays $3.3M for specialty in Hell’s Kitchen

John Ilibassi through the entity One Eleven Group LLC paid $3.3 million to Bruce Haley through the entity 455 West 50th St., LLC for the specialty building (I5) at 455 West 50th Street in Hell’s Kitchen, Manhattan. The expected use is cash flowing. The seller had owned the building for 45 years. The deal closed on July 31, 2025 and was recorded on August 15,…

Corebridge files $138M pre-foreclosure in Dumbo, alleges Minskoff construction loan in maturity default

Corebridge Financial filed a $138 million pre-foreclosure action on Friday, alleging the construction loan provided in 2021 to Edward J. Minskoff Equities for the development of the recently completed 11-story office building at 29 Jay Street in Dumbo, Brooklyn, was in a maturity default. The lender says the loan was not repaid by the November 1, 2024, maturity date, and the maturity date was not…

Bi Chen pays $12M to Xi Zhao, Ze Ming Cheng for under-construction Flushing rentals

Bi Chen through the entity Blackdragon Sanford LLC paid $12 million to Xi Zhao and Ze Ming Cheng through the entity Sanford Tower LLC for three adjacent under-construction residential buildings each with 34 residential units, at 140-42, 140-44 and 140-46 Sanford Avenue in Flushing, Queens. The expected use is to complete construction and then own the cash flowing property. The deal closed on August 1,…

MSA Investments pays $4M to BNS Real Estate for medical office in Morrisania

MSA Investments through the entity Webster Real Estates LLC paid $4 million to BNS Real Estate through the entity 1210 Webster Avenue, LLC for the medical office building (O7) at 1210 Webster Avenue in Morrisania, Bronx. The deal closed on July 30, 2025 and was recorded on August 14, 2025. The property has 6,250 square feet of built space and 11,068 square feet of additional…

Hirshmark sells 15-unit Astoria rental for $6.1M after acquiring building from borrower

Chok Lei through the entity 3516 NY LLC paid $6.1 million to Hirshmark Capital through the entity 3516 Fs for the 15-unit residential elevator building (D7) at 35-16 Astoria Boulevard in Astoria, Queens. The expected use is cash flowing. The deal closed on July 25, 2025 and was recorded on August 14, 2025. The property has 14,114 square feet of built space according to a…

Vima Property Group pays $7.7M for two walkups in Long Island City

Vima Property Group through the entity LIC Apts NY LLC paid $7.7 million to Nicholas Dionisiou through the entity LIC Apts LLC for the 30-unit residential walkup building (C1) at 49-02 21st Street in Long Island City, Queens and 30-unit residential walkup building (C1) at 11-58 49th Avenue in Long Island City, Queens. The expected use is cash flowing. The deal closed on July 31,…

Eugene Mendlowitz signs $62.2M refi loan with Citibank for 10 properties in Manhattan

Eugene Mendlowitz through the entity 1697 Amsterdam Owner LLC as borrower signed a refi loan with lender Citibank through the entity Citi Real Estate Funding Inc. valued at $62.2 million for 10 properties with 206 residential units including the 66-unit residential walkup building (C7) at 593-597 10th Avenue in Hell’s Kitchen, Manhattan, 20-unit residential walkup building (C7) at 2500-2502 Adam C Powell Blvd in Harlem,…

Beitel Group signs $155M refi with Dwight Capital for newly built rentals in Mott Haven

Beitel Group through the entity Walton Street GC Developments LLC as borrower signed a refi loan with lender Dwight Capital through the entity DBF SPE III LLC valued at $155 million for two residential elevator properties with 405 residential units including the 122-unit residential elevator building (D1) at 315 Grand Concourse in Mott Haven, Bronx and 283-unit residential elevator building (D1) at 261 Grand Concourse…

Carlyle, Z+G Property pay $6M to SMA Equities for 8-unit walkup in Boerum Hill

Carlyle Group and Z+G Property Group through the entity Brooklyn Townhouse Property Owner III, L.L.C. paid $6 million to SMA Equities through the entity La Warren, LLC for the eight-unit residential walkup building (C1) at 333 Warren Street in Boerum Hill, Brooklyn. The expected use is cash flowing. The deal closed on August 7, 2025 and was recorded on August 14, 2025. The property has…

New Aim Realty pays $10.2M for bankrupt 7-unit FiDi rental

New Aim Realty, led by Casey Lloyd and Ira Lifshutz, through the entity Bernart Capital LLC paid $10.2 million through a bankruptcy for the seven-unit residential elevator building (D5) at 90 Nassau Street in Financial District, Manhattan. The expected use is cash flowing. The former owner was to RIG Realty through the entity 90 Nassau Street LLC, which lost the property following bankruptcy filings in US…

George Miltiadou, Alma pay $11.5M for two rentals in Murray Hill, Queens

Alma Realty and George Miltiadou through the entity 35-28/30 Realty LLC paid $11.5 million to Michael Sgouros through the entity Essen Realty Enterprises Inc. for the 47-unit residential elevator buildings (D3) at 35-28 and 35-30 153rd Street in Murray Hill, Queens. The expected use is cash flowing. The deal closed on August 7, 2025 and was recorded on August 14, 2025. The two properties have…

Black Spruce, Orbach sign $525.1M refi with Arbor for 761-unit rental in Murray Hill

Black Spruce Management and Orbach Affordable Housing Solutions through the entity American Copper Building LLC as borrower signed a refi loan with lender Arbor Realty Trust through the entity Arbor Agency Lending, LLC valued at $525.1 million for the 761-unit residential elevator building (D8) The Copper at 616-626 First Avenue in Murray Hill, Manhattan. The deal closed on July 31, 2025 and was recorded on…

Bardhok Kodra pays $8.9M to Global Asset Properties for dev site in East Harlem

Bardhok Kodra through the entity East 115th Realty LLC paid $8.9 million to Global Asset Properties through the entity 11 East 115th LLC for the industrial building (G7) at 7-11 East 115th Street in East Harlem, Manhattan. The expected use is ground up development. The deal closed on August 7, 2025 and was recorded on August 15, 2025. The property has zero square feet of…

Cofinance Group pays $21M for mixed-use in SoHo

Cofinance Group through the entity 392 West Broadway Owner LLC paid $21 million to Dirty Building Holdings LP, an entity with unknown ownership, for the mixed-use building (K4) at 392 West Broadway in SoHo, Manhattan. The expected use is cash flowing. The deal closed on August 14, 2025 and was recorded on August 15, 2025. The property has 16,900 square feet of built space and…

Library Hotel Collection pays $23M for Washington Square Hotel in Greenwich Village

Library Hotel Collection through the entity WS Hotel Holdings LLC paid $23 million to Judith Paul through the entity Washington Square Hotel LLC for the hotel and the restaurant condominium units at 103 Waverly Place in Greenwich Village, Manhattan. The expected use is cash flowing. The deal closed on July 18, 2025 and was recorded on August 15, 2025. The property has approximately 55,000 square…

7G Group pays $23.1M to EPIC LLC for office in SoHo

7G Group through the entity 7G 15 Watts Street LLC paid $23.1 million to EPIC LLC through the entity Epic Thompson, LLC for the office building (O6) at 40 Thompson Street in SoHo, Manhattan. An interest in this building sold on July 22, 2025, for $25.4 million a few weeks earlier in an ambiguous transaction. The new deal closed on August 13, 2025 and was…

Domain Companies pays $37M for Astoria dev sites, borrows $34.1M from Schroders

The Domain Companies paid $37 million to the owners of the 130-year-old plumbing supply firm Mayer Malbin for three parcels that make up two development sites in Astoria, in two transactions for properties across the street from each other. To finance the purchase, Domain Companies borrowed $34.1 million from an affiliate of the British asset management firm Schroders. This is the first Schroders-originated New York…