News: Brokerage

GCP Capital arranges multiple mortgages totaling $117.701 million

GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $117.701 million for the following properties: * $6.175 million for a newly constructed four-story apartment building containing 14 apartments, located on Dean St., Brooklyn. Matthew Albano, senior broker of GCP arranged the financing. * $5,635 million for a six-story apartment building containing 45 apartments, located in Woodside, Queens, New York. Alan Perlmutter, managing member of GCP arranged the financing. * $4.011 million for a four-story walk-up apartment building containing 44 apartments, located in Richmond Hill, Queens. Perlmutter arranged the financing. * $2.2 million for a one-story industrial building containing 30,100 s/f, located on 129th St. in Queens. David Sessa, senior associate of GCP, arranged the financing. * $33.88 million for an 11-story and 12-story apartment buildings containing a total of 246 units, located on Prospect Place in Brooklyn. Adam Brostovski, principal of GCP, arranged the financing. * $5 million for a six-story apartment building containing 10 apartments and 1 commercial unit, located in the East Village. Sessa arranged the financing. $4 million for a six-story apartment building containing 25 apartments and 3,400 s/f of commercial space, located on the Lower East Side. Paul Greenbaum, managing member of GCP, arranged the financing. * $2.9 million for a five-story apartment building containing 15 apartments, located on Classon Ave. in Brooklyn. Brostovski arranged the financing. * $2.2 million for a five-story townhouse building containing 5 apartments and 1 commercial unit, located on South Oxford St. in Brooklyn. Albano arranged the financing. * $22.05 million for a five-story building containing 110 apartments and 2,240 s/f of commercial space, located on Taffe Place in Brooklyn. Brostovski arranged the financing. * $17.75 million for two mixed-use properties containing a total of 91 apartments and 11,200 s/f of commercial space, located in the Washington Heights section of Manhattan. Brostovski arranged the financing. * $9 million for a three-story boutique hotel, located in the Greenpoint section of Brooklyn. Greenbaum arranged the financing. * $2.9 million for a portfolio of 4 three-story apartment buildings containing a total of 24 apartments, located throughout Ridgewood, Queens, New York. Matthew Classi, managing member of GCP, arranged the financing.
MORE FROM Brokerage

AmTrustRE secures 5,754 s/f lease with GKV Architects at 360 Lexington Avenue

Manhattan, NY AmTrustRE has executed a 5,754 s/f lease at its premier boutique Midtown East office tower, 360 Lexington Ave., with longtime partner GKV Architects. The award-winning firm will occupy a portion of the 14th floor. >“GKV Architects has been a trusted partner to AmTrustRE for over two decades, playing an integral role in shaping and elevating several
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

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

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

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

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