News: Brokerage

GCP Capital Group closes 11 transactions totaling $49.38 million; includes $20 million by Classi and $3.85 million by Brostovski

GCP Capital Group LLC, one of the nation's most active companies specializing in investment real estate finance, has arranged mortgage financing in the aggregate amount of $49.38 million for the following properties: $20 million for a package of 3 six-story apartment buildings containing a total of 63 units and 5,000 s/f of commercial space, located on Second Ave. in Manhattan. Matthew Classi, managing member of GCP, arranged the financing. $3.65 million for a package of 3 two-story retail buildings containing a total of 14,480 s/f, located on Lefferts Blvd. Deborah Classi-Lewis arranged the financing. $3 million for a 77,000 s/f shopping center, located in the Bronx. Louis Perlmutter, senior associate of GCP, arranged the financing. $1.5 million for a four-story walk-up apartment building containing 16 units, located on Cooper St. in Brooklyn. Paul Greenbaum, managing member of GCP, arranged the financing. $3.85 million for a six-story elevator apartment buildings containing 54 units, located on Wadsworth Ave. in Manhattan. Adam Brostovski, principal of GCP, arranged the financing. $2.755 million for a package of two three-story residential buildings containing a total of 11 units and two commercial units, located throughout Brooklyn. Matthew Albano, senior broker of GCP, arranged the financing. $3.55 million for a six-story apartment building containing 65 units and 1,200 s/f of commercial space, located on West 238th St. in the Bronx. Greenbaum arranged the financing. $3 million fortwo four-story apartment buildings containing a total of 15 units, located on East 35th St. in Manhattan. Classi arranged the financing. $3.2 million for a six-story apartment building containing 21 units and 3,500 s/f of commercial space, located on Essex St. in Manhattan. Greenbaum arranged the financing. $2.875 million for a six-story apartment building containing 45 units and 3 retail units, located on Grand Ave. iin the Bronx. Brostovski arranged the financing. $2.05 million for a five-story apartment building containing 47 units, located on Grand Ave. in the Bronx. Brostovski arranged the financing.
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,

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.