News: Brokerage

GCP Capital Group arranges 14 mortgages totaling $116.996 million

GCP Capital Group LLC has arranged 14 mortgage financings totaling $116.996 million for the following properties: * $41.246 million for a portfolio of 11 buildings containing a total of 546 units and 6,600 s/f of commercial space located through Queens and the Bronx. Paul Greenbaum, managing member of GCP, arranged the financing. * $15.3 million for a seven-story apartment building comprised of 140 apartments, located on Holland Ave. in the Bronx. Adam Brostovski, principal of GCP, arranged the financing. * A $12 million permanent mortgage for a six-story apartment building comprised of 27,200 s/f, located in the Greenwich Village section of Manhattan. Adam Hakim, senior associate of GCP, arranged the financing. * $8.925 million for a six-story apartment building containing 128 apartments and 4,900 s/f of commercial space, located on East 187th St. in the Bronx. Brostovski arranged the financing. * $5.5 million for four four-story apartment buildings containing a total of 12 apartments, located on Wilson Ave. in Brooklyn. Matthew Albano, senior broker of GCP, arranged the financing. * $5.2 million for a five-story apartment building containing 12 apartments and ground floor retail, located on Tenth Ave. in Manhattan. Brostovski arranged the financing. * $5 million for two five-story apartment buildings containing a total of 40 apartments, located on West 15th St. in Manhattan. Albano arranged the financing. * $4.75 million for a 70-unit apartment complex, located in Hyde Park. Albano arranged the financing. * $4.6 million for a five-story apartment building containing eight apartments and one commercial space, located in lower Manhattan. Brostovski arranged the financing. * $4.2 million for a six-story apartment building containing 58 units, located in the Ft. George section of Manhattan. Greenbaum arranged the financing. *$4.05 million for a six-story apartment building containing 54 apartments, located on Bronx Blvd. in the Bronx. Greenbaum arranged the financing. * $2.725 million for two four-story buildings containing a total of 14 apartments and one retail store, located on Fourth Ave. in Brooklyn. Matthew Classi, managing member of GCP, arranged the financing. * $2 million for a four-story apartment building containing 42 units, located on West 88th St. in Manhattan. Greenbaum arranged the financing. * $1.5 million for a five-story apartment building containing 10 apartments, located on Wheeler Ave. in the Bronx. Stephen Katz, senior associate of GCP, arranged the financing.
MORE FROM Brokerage

REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
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
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.
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,