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.
MORE FROM Brokerage

SABRE coordinates sale of six properties totaling 199,845 s/f

Huntington, NY SABRE Real Estate Advisors has completed the sale of six commercial properties across Long Island and Northern New Jersey, further underscoring the firm’s strength as a trusted partner in complex real estate transactions. The deals were led by executive vice presidents Jimmy Aug and Stu Fagen, whose combined expertise continues to drive exceptional results for clients across the region.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.
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
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.