News:
Brokerage
Posted: December 20, 2016
Delitsky and Cotsalas of NorthMarq Capital finalize $16 million refinance of medical center
Robert Delitsky, NorthMarq Capital
180 East Pulaski Road - Huntington Station, NY
Charles Cotsalas, NorthMarq Capital
Huntington Station, NY Robert Delitsky, senior vice president/managing director of NorthMarq Capital’s New York City office and Charles Cotsalas, senior vice president of NorthMarq Capital’s Long Island-based regional office, collaborated to arrange the $16 million refinance of Huntington Medical Center, a 66,316 s/f medical office building located at 180 East Pulaski Rd. NorthMarq arranged financing for the borrower, Huntington Station Properties, LP, through Flushing Bank. The bank’s team was led by Ronald Hartmann and Timothy Lynn.
“The Huntington Medical Center has been successfully serving the local community for over 50 years,” said Delitsky. “Last year the medical practice merged with NYU Langone Medical Center which shows a great commitment to the area. Flushing Bank is a community bank that has been providing commercial financing options for much of its 87 year history.”
Tags:
Brokerage
MORE FROM Brokerage
SoHo emerges as America’s most active trophy retail market as investors prioritize quality, Adirondack Capital Partners finds
Manhattan, NY Investors are increasingly concentrating capital in the country’s most coveted retail corridors, with SoHo emerging as the nation’s most active trophy retail market,
Quick Hits
Columns and Thought Leadership
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
