News: Brokerage

GCP Capital arranges $90.725 million in financing for 14 N.Y.C. deals; Includes a $25 million deal by Greenbaum for a Bronx apartment package

GCP Capital Group LLC has arranged mortgage financing in the amount of $90.725 million for the following 14 deals: * $25 million for a package of three multifamily apartment buildings containing a total of 253 apartments and 11 stores throughout the Bronx. Paul Greenbaum, managing member of GCP, arranged the financing. * $20.5 million combined financing for two six-story apartment buildings containing 80 apartments and 7,800 s/f of retail space in the Hamilton Heights section of Manhattan. Alan Perlmutter, managing member of GCP, arranged the financing. * $13.8 million in combined financing for two six-story apartment buildings containing a total of 134 apartments throughout Brooklyn. Stephen Katz, senior associate of GCP, arranged the financing. * $4.5 million for a five-story apartment building containing 40 apartments and four professional office units on Grand Concourse, Bronx. Greenbaum arranged the financing. * $4.4 million for a three-story mixed-use building containing 12 apartments and two stores Second Ave., Manhattan. Matthew Classi, managing member of GCP, arranged the financing for this property. * A $4 million land loan for a vacant parcel of land comprised of 13,130 s/f, located on Third Ave., Manhattan. Adam Brostovski, principal of GCP, arranged the financing. * $4 million for the leasehold interest on one parking garage condo unit containing 100 spaces within a 33-story condo building in the Battery Park section. Brostovski arranged the financing. * $3.375 million for a five-story apartment building containing 48 apartments on East 175th St., Bronx. Brostovski arranged the financing. * $3.3 million for a six-story SRO apartment building containing 72 units on West 93rd St., Manhattan. Brostovski arranged the financing. * $2.25 million for a five-story apartment building containing 12 apartments and 1,100 s/f of commercial space, located on Jones St., Manhattan. Matthew Albano, senior broker of GCP, arranged the financing. * $1.65 million for a five-story apartment building containing 20 apartments on West 164th St., Manhattan. Michael Charnowitz, senior associate of GCP, arranged the financing. * $1.5 million for a four-story apartment building containing eight apartments on Calyer St., Brooklyn. Albano arranged the financing. * $1.3 million for a single-story commercial building comprised of 9,780 s/f in Staten Island. Greenbaum arranged the financing. * $1.15 million for a 7,000 s/f commercial co-op on the 9th floor of a 12-story co-op building at West 29th St., Manhattan. George Spanos, senior associate of GCP, arranged the financing.
MORE FROM Brokerage

Century Cricket Centre to open first U.S. location near Bryant Park in 14,000 s/f lease

Manhattan, NY Century Cricket Centre, an Australian-backed indoor cricket and sports-tech concept, will open its first U.S. location in a 14,000 s/f at 25 W. 39th St. near Bryant Park following a 15-year lease arranged by Lee
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

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
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.