The City University of New York acquired long-term control of approximately 235 hotel rooms valued at $125.6 million from Hawkins Way Capital through the entity 569 Lexington Leasehold LLC for six floors at 569 Lexington Avenue in Midtown East, Manhattan. The expected use is owner-occupied. The deal closed on August 15, 2025 and was recorded on August 15, 2025. The signatory for Hawkins Way Capital…
Mordechai Kahan through the entity 475/477 Central Avenue LLC as borrower signed a new construction loan with lender S3 Capital through the entity S3 Sb Real Estate Credit A Trust valued at $5.6 million for the 16-unit development at 477 Central Avenue in Bushwick, Brooklyn. On these lots, there is one active new building construction project, B01156961, for a 16-unit, 10,989 square-foot residential (R-2) building….
Court Square Real Estate Partners through the entity 126 Union LLC as borrower signed a refi loan with lender Wells Fargo valued at $5.8 million for three adjacent mixed-use properties with eight residential units including the two-unit mixed-use building (S2) at 126 Union Street, the three-unit mixed-use building (S3) at 128 Union Street, and the three-unit mixed-use building (S3) at 130 Union Street, in Columbia…
UPDATED 10:25 a.m., August 17, 2025: Yaakov Lefkowitz of Lefko Capital Group through the entity 21 Charles LLC paid $6 million to Congregation Bais Chana for the two-parcel Bushwick, Brooklyn, 70-unit development site known as 21 Charles Street with addresses at 661 Bushwick Avenue and 20 Charles Place. The expected use is ground up development. On these lots, there is one active new building construction…
The Carlyle Group paid $15.6 million to Industrie Capital Partners for two properties in Clinton Hill that abut end to end in the middle of the tax block, and each property is improved with a walkup building, one fronting Hall Street, the other fronting Washington Avenue. Carlyle bought the properties in two transactions. While the Carlyle Group often partners with operators on their New York…
Isidoros Sfikas through the entity MK Farmington Realty Corp. paid $7.5 million to EDS Management Corp through the entity 1776 Castle Hill Apt. Owners, LLC for the 85-unit residential elevator building (D1) at 1776 Castle Hill Avenue in Westchester Square, Bronx. The expected use is cash flowing. The deal closed on August 1, 2025 and was recorded on August 12, 2025. The property has 78,000…
Janusz Sendowski paid $18 million to Soonbin Kim for two Brooklyn walkup buildings, one in Williamsburg and the other in Kensington, in two transactions. In the first transaction, Janusz Sendowski through the entity 331 Keap, LLC paid $9 million to Soonbin Kim through the entity West 8th Street Associates,LLC for the 36-unit residential walkup building (C1) at 331 Keap Street in Williamsburg, Brooklyn. The expected…
Ying Y. Wang, Theresa Y. Yang, and Alexander Wang through the entity Alexander Wang Lifetime Trust paid $9.5 million to HSBC Bank through the entity Citizens Savings Bank Of The City Of New York for the retail building (K7) at 58 Bowery in Chinatown, Manhattan. The expected use is cash flowing. The deal closed on July 24, 2025 and was recorded on August 12, 2025….
The car dealership Island Auto Group paid $32 million for two Bronx auto showrooms, one in Westchester Square and the other in Unionport, in two deals. The sellers were entities affiliated Bronx Honda, led by Marcie Jacob and Ira Lang. The auto dealership was sold by Ira Lang to Island Auto Group principals, and is now styled as Honda of the Bronx. Marcie Jacob is…
Parvid Farahzad, who owns a facility for video and film production, Grumman Studios, through the entity Islandia Studios LLC (and others) paid $41 million to Triangle Equities through the entity Triangle Equities Junction LLC for the ground floor retail condo at 1600 Flatbush Avenue in East Flatbush, Brooklyn. The condo unit composes the retail space on the ground floor of the Triangle Junction mall, and…
Shinko Co. Ltd through the entity Shinko Co., Ltd. paid $16.6 million to an anonymous owner through the entity 113 East 29 LLC registered with the law firm Belkin Burden Goldman, for the 10-unit residential walkup building (C4) at 194 West 10th Street in West Village, Manhattan. The expected use is cash flowing. The deal closed on July 24, 2025 and was recorded on August…
An advertising agency providing creative services, Brand New School , through the entity BNS Varick St. LLC paid Joseph Sullo and Kingston Mining LLC $7.4 million for the 12th floor office cooperative unit at the 12-story commercial building, 121 Varick Street in Hudson Square, Manhattan. The agency already owns the 11th floor unit, which it purchased for $6 million in February 2008. The deal closed…
Gagnesh Giran paid $4.2 million to Santander Bank for two retail bank locations across the street from one another in New Dorp, Staten Island, in two transactions. In the larger, Gagnesh Giran through the entity 257 New Dorp Realty LLC paid $3 million to Santander Bank for the Santander Bank building (K7) at 257 New Dorp Lane, on the north side of the street, in…
Jacob Fulop through the entity 1197 Lofts LLC paid $4 million to Michael Tong 2 through the entity Brooklyn Commercial Corp. for the industrial building (F9) at 1197 Fulton Street in Bedford Stuyvesant, Brooklyn. The deal closed on August 4, 2025 and was recorded on August 13, 2025. The property has 17,766 square feet of built space and 7,113 square feet of additional air rights…
Zelig Friedman through the entity Maamin Development Group LLC paid $3.7 million to Peter Volandes through the entity Laertes Development LLC for the 87-unit development site at 3743 White Plains Road in Olinville, Bronx. The expected use is ground up development. The deal closed on July 22, 2025 and was recorded on August 13, 2025. The property has 5,750 square feet of built space and…
Soltage through the entity McDonald BESS, LLC as borrower signed a new construction loan with lender National Bank of Canada valued at $11 million for a battery energy storage system [BESS] planned for 2481 McDonald Avenue in Gravesend, Brooklyn. The deal closed on June 26, 2025 and was recorded on August 13, 2025. The property has 2,879 square feet of built space and 3,492 square…
Chaim Lipschitz through the entity 2802-2816 Fdb LLC as borrower signed a refi loan with lender 3650 Capital through the entity 3650 Capital Scf Loe I(A), LLC valued at $100 million for the 538-unit residential walkup building (C7) at 2802-2816 Fredrick Douglass Boulevard in Harlem, Manhattan. The complex is known as the Dunbar Apartments and in 1970 was designated a city landmark. The designation report…
Durst Organization through the entity 4TS II LLC as borrower signed a refi loan with lender Wells Fargo, JPMorgan Chase, and Bank of America valued at $1.3 billion for the office building (O4) for 4 Times Square at 151 West 42nd Street in Times Square, Manhattan. The deal closed on August 5, 2025 and was recorded on August 13, 2025. The prior lender was JPMorgan…
MCB Real Estate and Osiris Ventures paid $47.5 million to ASG Equities for 14 parcels in eight separate transactions, for a large development site in Bay Ridge, Brooklyn. The Commercial Observer reported on the sale earlier this month, and the buyers put out a press release laying out their plans for a, “joint venture to transform former Century 21 into a 95,000-square-foot, $100M modern retail destination.”…
Mattone Investors through the entity 168th Street Jamaica LLC as borrower signed a refi loan with lender Barclays through the entity Barclays Capital Real Estate Inc valued at $29 million for nine properties including the retail building (K1) at 92-30 168th Street in Jamaica, Queens, retail building (K1) at 92-30 168th Street in Jamaica, Queens, and retail building (K1) at 92-30 168th Street in Jamaica,…
