Buildings for Sale:
Judge sets auction date for Tribeca Associates’ 30 Broad Ground lease after $163 million judgment lien. The foreclosure auction for the 47-story, 477,000-square-foot office tower will take place at New York County Supreme Court on June 25th.Rialto filed a lawsuit in Manhattan Supreme Court seeking to foreclose on a loan tied to a Chinatown office building owned by the Stellar Management and Michael Alvandi’s City Urban Realty. The landlord allegedly defaulted in June on a $21 million loan tied to 243 Canal Street, a six-story Class B office building. City Urban and Stellar bought the 22,000-square-foot building between Lafayette and Centre streets in 2016 for $25 million from the estate of the late Sau Tchu Luu Fan.
Pinnacle Group placed 5,000 units in bankruptcy, blaming soaring costs. Wiener filed petitions for bankruptcy protection across 82 entities, which control 91 properties and roughly 5,000 multifamily units. The original debt principal was $574 million, but there are also outstanding Israeli-issued bonds, increasing the total debt to $1 billion.
Crown Acquisitions, Morgan Stanley, face foreclosure at 170 Broadway. Loan for Gap’s retail space was sent to special servicing in February, Deutsche Bank filed to foreclose on Crown Acquisitions and Morgan Stanley at 170 Broadway. A $64 million mortgage behind the filing came due in April, 16,000 square feet of the retail property are occupied by Gap, which agreed to pay $263 per square foot on an annual basis for the space beginning in 2015. Its lease included annual 3% escalations before its expiration in 2030.
Buildings Sold:
RXR is buying 590 Madison Avenue for close to $1.1 billion, the most expensive office deal in New York in several years. Signed of intent to buy the 1 million-square-foot tower from State Teachers Retirement System of Ohio, the state’s teacher pension fund.Amazon paid $350M for RFR’s 522 Fifth Ave office condominium, Amazon acquired the retail condo and the office floors above in two separate transactions. Amazon closed on the retail condo from Deka Immobilien for $85 million.
Vornado Realty Trust and the Albanese Organization sold 512 West 22nd Street for $205 million, The buyer is Raghsa Real Estate, a subsidiary of Moisés Khafif’s Raghsa SA.MKF Realty affiliate. The deal for the 11-story, 172,000-square-foot building breaks down to $1,192 per square foot.
Related Fund Management’s portfolio sale of rent-regulated housing in the Bronx for 193 Million. Related sold the portfolio at a discount to PH Realty Capital and Rockledge.
RFR sells 175 Third Street to the joint venture for $164 Million. Charney and Tavros bought the site at 175 Third Street from RFR Realty for $164 million. DCAS seeks new experienced brokers who disclose administration ties.
Vanbarton is in contract to buy 6 East 43rd Street from the Milstein family’s Emigrant Savings Bank for about $140 million. The plan is to convert the roughly 400,000-square-foot building into somewhere between 450 and 500 rental apartments.
Empire Capital is buying 381 and 373 Park Avenue South from ATCO Properties for $130 million. The two buildings, between East 26th and East 27th streets, combine for about 337,000 square feet and are 57% occupied. It is a possible candidate for residential conversion.
SomeraRoad purchased the former hotel at 98 Montague Street in Brooklyn for $100 million. The seller, Beach Point Capital, provided a $71 million mortgage to SomeraRoad, Beach Point took over the hotel from the Chetrit Group in February at a foreclosure auction, nine months after the investment management firm purchased the note against the property. Beach Point paid a $999,000 credit bid.
A company tied to Jacob Aini sold 2864 Atlantic Avenue for just over $69 million after acquiring the development site from Speedway in 2022, then building a 10-story building there. The buyer was a company connected to Camber Property Group.
An entity tied to Camber Property Group sold two apartment buildings and a parking lot known as Carol Gardens at 820-880 Thieriot Avenue for $54.5 million. The buyer was a company affiliated with Phoenix Realty Group.
Bistricer’s Clipper Equity struck a deal to buy the large vacant plot of land at 1800 Park Avenue from the Durst Organization for more than $50 million. The vacant plot at East 125th Street could accommodate more than 680,000 square feet of buildable space.
A single-family, Gilded Age mansion at 973 Fifth Avenue for $46 million. The buyer was Bliss on 5th LLC, and the seller was 973 Fifth LLC.
A penthouse at 555 West 22nd Street. The price was $40.3 million. The unit, purchased by Hudson River 22 LLC, spans more than 5,700 square feet and has four bedrooms and two private terraces.
Meadow Partners bought $40 million retail from Brookfield. Brookfield sold 200 Lafayette Street, home to Eataly and Moncler. Eataly is on the ground and basement retail floors. Moncler leases about 12,000 square feet of office space on the second floor.
At 25 Bond Street, a penthouse sold for $34.5 million. The seller Eric Schmidt, bought the apartment via a shell company. The buyer was Skyperch LLC. The 6,400-square-foot duplex had asked $39.5 million.
The Kogans sold a 40th-floor penthouse at 15 Central Park West for $33.9 million.
A company tied to George Terranova sold two office buildings at 224 and 232 Canal Street and a retail property at 234 Canal Street for $33 million, or $625 per square foot. The buyer was a company tied to Frank Chan.
Ferrim USA traded a six-story office building at 30 West 56th Street, formerly the Henry and Adelaide Seligman Mansion, for $22.5 million. The buyer was PLT H&A Inc.
At 1 Central Park South, or 768 Fifth Avenue, an entity tied to Valery and Olga Kogan sold two units to 1 Central Park South 1007 LLC for $21 million.
A townhouse at 370 West 11th Street sold for under $20 million. The buyer was a holding company signedto Cyrus Loghmanee. The sellers were Golden Cedar Realty LLC, tied to Thomas Leung, and 295 Grand Street Realty Corp., tied to May Leung.
An $18 million condominium unit, purchased by a trust, at 111 West 57th Street, along Billionaires’ Row. The full-floor sponsor unit spans 3,873 square feet, or $4,600 per square foot.
An entity tied to BNF Capital is in contract to buy the three-story building at 58-60 Ninth Avenue for $21 million, from Delshah Capital.
A penthouse at 215 Chrystie Street. A trust tied to Gregory Andon sold the condominium for $15.7 million, about 23% less than what he paid for the unit in 2018. The four-bedroom home spans more than 4,200 square feet, and Andon put it up for sale in 2024 for $25 million.
A condominium unit at 737 Park Avenue sold for $13.8 million. The seller was Mak Acquisitions LLC. The buyer was Burlington Property Associates LLC. The five-bedroom, seven-and-a-half bathroom home spans about 4,400 square feet.
Time Equities buys a 38-unit building that is temporarily rent-stabilized under the city’s 421a tax abatement program. The seller was Berel Farkas’s Lightstone Management for $13.1 million.
Marc Mayer and his wife, Meera, sold a co-op at 1185 Park Avenue for $13 million. The buyer was a trust. The five-bedroom home spans 5,100 square feet.
The five adjacent properties are warehouses and multifamily houses from 34-10 to 34-24 38th Street sold for $12 million in Long Island City. The sellers were a holding company, with Michelangelo Pino as a member, and Domenico and Maria Pinto. The buyer was a company tied to Mordechai Schwimmer.
Ed Sheeran and Cherry Seaborn’s acquisition of a 3,400-square-foot condominium unit at 130 Furman Street in Brooklyn Heights. The couple paid $11.9 million for the residence, previously owned by Jillian and Jordan Woods.
A townhouse, at 77 Bedford Street, sold for $11.3 million. The seller, M&A Bedford Properties, LLC.. The buyer was 77 Bedford LLC. The property dates to 1799 and is known as the Isaacs-Hendricks House.
Elise Pettus sold a townhouse at 17 Willow Place in Brooklyn Heights. The buyer was Perregrina LLC, which paid $11 million.
A company affiliated with Penn South Capital took over a five-story apartment complex at 354-356 State Street for $11 million. The seller, a company connected to Kushner Companies, sold the complex at a loss, after buying it a decade ago for about $14.8 million.
The Development Group of NYP, LLC sold a 13-story office building at 304 Fifth Avenue for about $9.8 million. The buyer was JSI 304 LLC, whose address is the adjacent commercial property.
Delshah Capital is also selling 69 Gansevoort Street and is in contract to be sold for $9.25 million.
A trust sold a townhouse formerly owned by Gloria Vanderbilt at 67 East 91st Street. The buyer Robinwood LLC paid $9.8 million, which was built in the early 1890s. The brownstone had 6,400 square feet of interior space, a 1,250-square-foot basement and a patio.
Partners 1602 LLC purchased 47-09 36th Street, a 30,000-square-foot, three-story industrial property for $12 million. The seller was a company managed by Spyro Avdoulos.
A sponsor unit at Extell Development Company’s 50 West 66th Street in Lincoln Square sold for $9.2 million. The buyer was Vincent329 LLC. The four-bedroom home spans 3,223 square feet.
Andrea Brooks, via a trust, bought a penthouse at 4 East 62nd Street for just under $9 million. The seller was Duke Capital Limited. The three-bedroom unit has about 2,500 square feet of interior space and a 625-square-foot deck.
Jodi and Jaris Adam Zotkow bought a sponsor unit at 50 West 66th Street. The price was $8.5 million, The three-bedroom residence spans about 2,900 square feet, or $2,900 per square foot.
A medical office at 3245 Nostrand Avenue sold for $8.8 million. The property had been an AdvantageCare Physicians office, but the office is relocating. The seller of the three-story building was the Health Insurance Plan of Greater New York and the buyer was Yeshivat Darche Eres, a Jewish school.
Brian Kelly and Robin Kelly sold a co-op at 830 Park Avenue for $8 million. The buyers were Elizabeth and Davidson Goldin.
David and Cari Grodner sold a condo at 170 East End Avenue for $8.2 million. The buyer was a holding company affiliated with Lance Bruck for the 3,600-square-foot home.
Dixon Advisory sold a Park Slope townhouse at 98 Sixth Avenue for $7.9 million. The now-defunct fund has sold off 27 properties over the past year, most of them concentrated in Brooklyn.William Sacher and Ann Sacher picked up a co-op at 221 Central Park West Side for $7.8 million. The sellers of the duplex, which was gut renovated by Steven Harris Architects, were Alok Singh, and Mary Singh.
A penthouse sold for $7.8 million. A trust connected to entertainment manager David B. Weise purchased the 4,610-square-foot sponsor unit, located at 199 Chrystie Street.
A landmarked triplex at 48 East 73rd Street sold for $7.6 million. The seller was the Tolosa Corporation, NV, tied to Aldo Pascarella and the buyer was US Timber LLC. The property spans about 7,500 square feet and can be converted into a single-family home or duplex.
A commercial condo unit at 111 Mercer Street sold for $6.5 million. The unit is in Veracity Development’s condominium conversion tower and had been part of a foreclosure action that recently ended in the lender’s favor . The new owner of the unit is TZ 111 Mercer Street LLC.
Nadine Murray purchased a sponsor unit at 30 East 29th Street for just under $6 million.
Related Fund Management’s sale of some 2,000 rent-regulated apartments to PH Realty Capital started to hit records. The largest deal was for a six-story property at 2100 Bronx Park East that sold for $15.9 million. The 157-apartment building. The entire price for the portfolio was $192.5 million, a 24% discount from Related’s 2014 purchase.
A sponsor unit at Extell Development Company’s 50 West 66th Street in Lincoln Square sold for $7.5 million. The buyer was Lan Zhou. The three-bedroom condo spans about 2,500 square feet. The price works out to about $3,000 per square foot.
Susan and James Rodney sold a condominium unit at 101 Warren Street in Tribeca for $7.5 million. The buyer was a trust tied to Igor Sirota. The Rodneys had owned the residence since 2008, when they acquired it for $3.8 million. The unit spans 2,910 square feet, pricing the deal at about $2,580 per square foot.
Soofian Zuberi sold a 4,200-square-foot co-op at 1045 Park Avenue in Carnegie Hill for $6.8 million. The buyers were Richard and Janine Hoffman.
The estate of Paul Epstein sold a co-op at The Dakota, 1 West 72nd Street, for $6.7 million. The buyer was a trust signed to Brian Dorsey.
A holding company affiliated with Crosstown Companies sold a car wash at 571 Washington Avenue in Crown Heights for $7 million; it had owned the property for decades. The buyer was a company signed to EMP Capital.
A sponsor unit at Extell Development’s 50 West 66th Street in Lincoln Square sold for $6.7 million. The buyers were Todd and Wendy Chang Lee. The three-bedroom apartment measures about 2,500 square feet, pricing the deal at roughly $2,680 per square foot.
Feng Gu and Xindi Xu paid $6.7 million or $2,340 per square foot on a sponsor unit at Rybak Development’s 126 East 86th Street, a four-bedroom condo.
A three-story walk-up with 11 apartments at 167 North Ninth Street sold for $6.3 million. The buyer was a company connected with Twin Oaks Equity Partners. The seller was a company signed to David Winter, Arthur Heiserman, and Perry Hoberman.
Richard Roskin and his wife, Colette Dartnall, bought a co-op at 463 Greenwich Street for $6.6 million. The seller was Mary Hoeveler.
Margarita Romera Fernandez and Guido Torrini bought a penthouse at 404 Park Avenue for $6.5 million. The seller was a company tied to investor James Stephen Eaton.
An office building at 158-6 Northern Boulevard, home to Vantage Medical Group, sold for $6.4 million. The seller was a holding company signed to medical doctors Howard Williams and Joseph Monge. The buyer was Northern 158 Holding LLC.
A three-story, 21,000-square-foot industrial building at 58-18 64th Street sold for $5.5 million, or $262 per square foot. The buyer was a company tied to Pardgroup USA, which designs retail spaces. The seller of the property was L.R.A. Realty LLC.
The Rabsky Group sold a commercial condo at 342 Wallabout Street in East Williamsburg for $5.5 million. The buyer was Dvash Lefy LLC.
Dailey and Gordon Pattee, via a trust, bought a co-op at One Sutton Place for $5.5 million. The seller was the estate of Sahra Lese.
The trust of the late George and Rosemary Lois, sold a co-op at 37 West 12th Street for $5.1 million. The buyers were Kevin Kawasaki. The four-bedroom home.
Hope Winters sold a five-bedroom condo and a storage unit at 145 East 76th Street for $5.1 million. The buyer was a trust tied to Gary Cohn and Lisa Pevaroff, 3,300 square feet, pricing about $1,545 per square foot.
A trust tied to Roger Dean Werner and Marlene Werner purchased a condo at 30 Lincoln Plaza from billionaire investor and banker Roger Tamraz for $5 million. Tamraz had owned the three-bedroom, 2,200-square-foot unit.
A sponsor unit at 50 West 66th Street sold for $4.8 million. The buyers were Nigel Ferrey Corp. and Sophia Zhibin Tang Ferrey. The two-bedroom home measures 1,659 square feet.
L.A.L. Property Management sold a five-story mixed-use property at 3174 Riverdale Avenue for $4.8 million. The firm bought the building in 2015 for $5.3 million. The buyer in the latest deal was a company linked to Patrick Mitchell.
A 1,200-square-foot unit at 345 West 14th Street sold for just under $3.5 million. The seller was a company linked to Filip Maciolowski. The buyer was a trust.