News:
Brokerage
Posted: July 29, 2025
ERG Commercial delivers
$3 million refinance for 79 Ave. A
Manhattan, NY ERG Commercial Real Estate arranged a $3 million refinance of 79 Ave. A, a four- story mixed-use property located on Ave. A between E Fifth and E Sixth St. in Alphabet City on the city’s Lower East Side.
The 5,443 s/f building is equipped with six apartments and two commercial units, with long-term tenants that have occupied the retail spaces for over 25 years.
“We were able to use our strong banking relationships to secure the borrower a five-year fixed traditional loan that allowed them to refinance their current mortgage and give them an additional cash out,” said ERG’s managing director Ryan Lewis.
Tags:
Brokerage
MORE FROM Brokerage
Lee & Associates NYC arranges 15-year retail lease for Breeze at 590 Fulton St.
Brooklyn, NY Lee & Associates NYC arranged a new 15-year retail lease for Breeze, a modern Sichuan and Dim Sum restaurant, at 590 Fulton St. in the city’s Fort Greene neighborhood.
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,
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 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.
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
.gif)