News: Brokerage

GCP Capital Group arranges 18 deals totaling $172.273 million

GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $172.273 million for the following 18 deals: * $60 million for a 17-story office building containing 102,000 s/f on Broadway in Manhattan. Matthew Classi, managing member of GCP, arranged the financing. * $14.5 million for a six-story commercial/office building comprised of 54,830 s/f on Lexington Ave. in Manhattan. Matthew Albano, senior broker of GCP, arranged the financing. * $10 million for two multifamily apartment buildings containing a total of 67 apartments and 5,000 s/f of commercial space on St. Nicholas Ave. in Manhattan. Adam Brostovski, principal of GCP, arranged the financing. * $9.7 million for a six-story multifamily building containing 52 apartments on West 44th St. in Manhattan. Alan Perlmutter, managing member of GCP, arranged the financing. * $9 million for a three-story commercial building comprised of 6,000 s/f on Walton Ave. in the Bronx. Paul Greenbaum, managing member of GCP, arranged the financing. * $8.4 million for a package of five apartment buildings containing a total of 83 apartments and nine stores, located throughout the Bronx and Manhattan. Brostovski arranged the financing. * $7.5 million for a five-story apartment building containing 63 apartments and one commercial unit on Grand Concourse in the Bronx. Greenbaum arranged the financing. * $6.5 million for two contiguous mixed-use buildings containing a total of 30 apartments and 2,400 s/f of commercial space in the Chinatown section of Manhattan. Classi arranged the financing. * $6.25 million for a six-story apartment building containing 132 apartments and two professional units on 77th St. in Queens. Greenbaum arranged the financing. * $6.2 million for a package of four five-story apartment buildings containing a total of 57 apartments on Clay Ave. in the Bronx. Stephen Katz, senior associate of GCP, arranged the financing. * $6 million for a five-story apartment building containing 45 apartments on Davidson Ave. in the Bronx. Greenbaum arranged the financing. * $6 million in combined financing for two five-story apartment buildings containing a total of 64 apartments, located throughout the Bronx. Katz arranged the financing. * $5.6 million for a six-story apartment building containing 47 apartments, located on West 172nd St. in Manhattan. Louis Perlmutter, senior associate of GCP, arranged the financing. * $4.75 million for a portfolio consisting of five apartment buildings containing a total of 92 apartments, located throughout Manhattan. Michael Charnowitz, senior associate of GCP, arranged the financing. * $4.388 million for two multifamily apartment buildings containing a total of 39 apartments on 14th Ave. in Brooklyn. Greenbaum arranged the financing. * $2.9 million for a four-story apartment building containing 12 apartments on 31st Dr. in Queens. Albano arranged the financing. * $2.8 million for a six-story apartment building containing 48 apartments, on Mace Ave. in the Bronx. Brostovski arranged the financing. * $1.785 million for a three-story apartment building containing six apartments in the Bedford-Stuyvesant neighborhood of Brooklyn. Brostovski arranged the financing.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account