News: Brokerage

GCP Capital Group arranges 14 deals totaling $75.625 million

GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $75.625 million for the following 14 deals: * $16 million for a package of three apartment buildings containing a total of 19 apartments and eight stores, located on First Ave., Manhattan. Matthew Classi, managing member of GCP, arranged the financing. * $9 million for a nine-story apartment building containing 21 apartments and two professional spaces, located on East 81st St., Manhattan. Classi arranged the financing. * $7.5 million for a six-story apartment building containing 92 units with five commercial units, located on Virginia Ave., Bronx. Paul Greenbaum, managing member of GCP, arranged the financing. * $5.8 million for a one-story strip retail building comprised of 20,350 s/f, located on Astoria Blvd., East Elmhurst, Queens. Matthew Albano, senior broker of GCP, arranged the financing. * $5.775 million for a portfolio of five multifamily apartment buildings containing a total of 83 apartments, located in the Fordam Heights section of the Bronx. Adam Brostovski, principal of GCP, arranged the financing for this property. * $5.7 million for a five-story apartment building containing 63 units, located on Valentine Ave., Bronx. Brostovski arranged the financing. * $5.5 million for a five-story apartment building containing 68 units with one commercial unit, located on Vermilyea Ave., Manhattan. Brostovski arranged the financing. * $5 million for a six-story apartment building containing 30 apartments, located on St. Nicholas Place, Manhattan. Greenbaum arranged the financing. * $3.25 million for a five-story office building comprised of 9,700 s/f, located on Smith St., Brooklyn. David Sessa, senior associate of GCP, arranged the financing. * $3.2 million for a six-story apartment building containing 25 units and 2,050 s/f of commercial space, located on Walton Ave., Bronx. Brostovski arranged the financing. * $3 million for a compilation of commercial buildings, partially owner occupied, containing a total of 61,000 s/f, in the Prospect Heights section of Brooklyn. Jack Fried, senior associate of GCP, arranged the financing. * $2.3 million for a single-story commercial building comprised of 13,050 s/f, located on Linden Blvd., Brooklyn. Greenbaum arranged the financing. * $2 million for a one-story commercial building comprised of 7,600 s/f, located on Union St., Brooklyn. Matthew Albano, senior broker of GCP, arranged the financing. * $1.6 million for two contiguous three-story apartment buildings containing a total of 12 units, located on Grove St., Brooklyn. Classi, arranged the financing.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
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,