Closed Deals

Closed
UCC Foreclosure Sale
$89,500,000 Collateral Value / Debt
The Whale, located at 14 53rd Street in Sunset Park, Brooklyn, is a seven story 419,186 SF building recently renovated and repositioned to modern office / flex and warehouse use. The Property is situated on a 112,666 SF lot with 621 feet of frontage on the south side of 53rd Street. The Property consists of three combined structures which range in height from one to seven stories. In addition to the seven primary floors, there is a large mezzanine level overlooking the first-floor warehouse / flex space and a below grade parking garage. The property offers 170 parking spaces. The Whale features stunning panoramic views of the Lower Manhattan skyline, Statue of Liberty and New York Harbor, in addition to large floor plates, high ceilings, exclusive loading docks, on-site parking, fitness and conference centers
Closed
UCC Foreclosure Sale
$58,000,000
The Oosten is an 8-story structure occupying an entire 94,735 SF block bounded by Kent Avenue, South 9th Street, Wythe Avenue and South 8th Street in the Williamsburg section of Brooklyn. The site was formerly Lot 35, shown on the digital tax map of the New York City Department of Finance (DOF) as having 274.41 feet of frontage along Kent Avenue, 373.81 feet on South 8th Street, 270 fronting on Wythe Avenue, and 325.83 feet fronting on South 9th Street. Designed by architect Piet Boon, the building has a glass façade with gunmetal-framed floor-to-ceiling windows while the residences feature 10-foot ceilings, wide plank white oak floors and in-unit washer/dryers. There are Viking and Smeg appliances with custom millwork and natural stone. Amenities consist of two lobbies; full-time doorman/concierge; library; indoor swimming pool; children’s playroom with a bouncy-house; landscaped central courtyard; lounge; fitness center/yoga room with a spa and juice bar; and a landscaped rooftop featuring city, river, and bridge views, a reflecting pool, lounge seating and a professional chef’s grill. The subject consists of the remaining sponsor-held inventory within the 216-unit luxury condo building known as the Oosten. The appraised premises includes 21 residential condo units with an aggregate net saleable area of 54,839 SF as well as 68 parking spaces. The subject’s unit mix consists of two (2) one-bedrooms, four (4) two-bedrooms, twelve (12) three-bedrooms, two (2) four-bedroom townhouses, and one (1) six-bedroom penthouse. The three-bedrooms are all unique in that four are duplexes, two are townhouses while the other six are loft-style units. The four townhouse units all have unique floorplans as well, and they each contain a private garage in the cellar in addition to a private garden with an outdoor jacuzzi.
Closed
Bankruptcy Sale
$6,800,000
540 Concord Avenue is a mixed-use property in the highly desirable Mott Haven neighborhood of the Bronx. The 6-story walkup is 100% occupied and comprised of 32 residential units and 6 commercial units. Approximately, 24,790 square feet on a 100’ x 80’ lot, the asset is in an R7-1 zone with a C2-4 commercial overlay. The property is blocks from the 4 and 6 New York City subway lines, offering easy accessibility both into Manhattan and to the Hudson Valley
Closed
Bankruptcy Sale
$25,000,000
Built in 2009, the Shirokia Tower is an 11-story mixed-use elevator building on a 50’ x 200’ parcel, with an above grade estimated area of 53,225 Sq. Ft. / 37,335 net Sq. Ft.
Closed
Bankruptcy Sale
55,000 SF building. 170 feet of frontage along Atlantic Ave. Stalled construction slated for 151 key hotel
Closed
Bankruptcy Sale
$3,100,000
20,500 BSF development site on a 7,200 SF parcel. APPROVED PLANS | SHOVEL READY for elevator building with 23 residential units
Closed
Bankruptcy Sale
$3,550,000
4 story mixed-use building located on the border of Astoria and LIC. Condo level finishes. Top of the line appliances: Miele, Samsung, and GE. Travertine marble floors, deduction range cook tops, Vienan backsplashes.
Closed
Bankruptcy Sale
$9,520,000
15 residential units and one retail unit, totaling 19,100 SF. Residential units are currently RS but will be FM when the abatement expires in 2025
Closed
Bankruptcy Sale
$28,400,000
7-story, 101,802 SF office building in prime Bay Ridge, Brooklyn. Includes parking garage with 200 spaces and ground floor retail
Closed
Bankruptcy Sale
$6,800,000
 A 5-story mixed-use property currently in Bankruptcy. The building is situated on 12th Avenue in Prime Borough Park and presents investors with the opportunity to purchase a newly renovated building with significant cash flow. The Property, benefiting from 40’ of frontage along 12th Avenue, features 6,611 square feet of prime retail across the ground level and cellar, and 4 large residential floors through apartments on the second through fifth floors; the second floor includes an outdoor patio, the top floor is duplexed. 14,001 net rentable square foot mixed-use building New Construction (2007) condo being used as rental. 40’ of Frontage Located in the heart of Prime Borough Park’s major retail corridor. 4 over sized floor through residential apartments averaging 1,850 Sq. Ft. Prime retail of 6,611 Sq. Ft., including basement, currently housing a high-end grocery store Premier neighborhood surrounded by excellent transportation. D train entrance is half a block from Property
Closed
Bankruptcy Sale
$32,000,000
159 Broadway, Brooklyn NY, as a Joint Venture, Recapitalization, or Sale opportunity. This is an unmatched occasion to develop what is potentially North Brooklyn’s best development site. 159 Broadway, located in an opportunity zone, is a 130,154 BSF shovel ready site located on the north side of Broadway, between Driggs and Bedford Avenue in prime Williamsburg. The approved plans call for a 277 foot tall, 26-story mixed-use building which will be comprised of a 230 key hotel on floors 2-16, and 21 residential condominiums on floors 20-25. The hotel will feature a restaurant, two bars and a rooftop terrace with pool with an 18’ cantilever over the building. Amenities will include a fitness center with a cycle studio, accessory storage and 35 parking spaces, 26 of which will be situated off-site. Going forward, no new hotels can be constructed in Manhattan and the boroughs without a special permit. Currently, the site is in the early stages of excavation and construction, with underpinning to the adjacent building to the west and the adjacent landmarked building to the east. With the foundation already poured in, the site is ready for immediate construction. In addition, 159 Broadway is located in an opportunity zone.
Closed
Bankruptcy Sale
$10,500,000
Redevelopment into a 600,000 SF class A mixed-use building consisting of a combination of any of the following: residential, office, retail, hotel. Qualified for tax credits and/or governmental incentive programs.

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