News: Brokerage

GCP Captial Group closes 15 mortgages totaling $72.175 million

GCP Capital Group LLC has arranged mortgage financing totaling $72.175 million for the following 15 deals: * $36.75 million for a portfolio of ten multifamily properties containing a total of 473 units and one commercial space, located throughout Upper Manhattan. Adam Brostovski, principal of GCP, arranged the financing. * $4.84 million for a six-story elevator apartment building containing 67 units, located on Sherman Ave., Bronx. Brostovski arranged the financing. * $4 million for a six-story apartment building containing 52 units, located on Elbertson St., Queens. Paul Greenbaum, managing member of GCP, arranged the financing. * $3.6 million for a one-story taxpayer building comprised of 11,700 s/f, located on West Fordham Rd., Bronx. Matthew Classi, managing member of GCP, arranged the financing. * $3.6 million for a six-story apartment building containing 49 apartments, located on Marion Ave., Bronx. Greenbaum arranged the financing. * $3.5 million for a six-story apartment building containing 41 apartments on Ocean Ave., Brooklyn. Greenbaum arranged the financing. * $3.25 million for a two-story commercial building comprised of 20,000 s/f, located on Warren St., Brooklyn. Classi arranged the financing. * $2.725 million for a six-story apartment building containing 33 units and 1,800 s/f of commercial space, located on East 5th St., Manhattan. Classi arranged the financing. * $2 million for a four-story elevator apartment building containing 35 units in East Orange, N.J. Greenbaum arranged the financing. * $1.76 million for a five-story renovated apartment building containing 8 apartments, located on East 110th St., Manhattan. David Sessa, senior associate of GCP, arranged the financing. * $1.6 million for a five-story apartment building containing 16 apartments, located on Ocean Ave., Brooklyn. Michael Charnowitz, senior associate of GCP, arranged the financing. * $1.3 million for a one-story retail shopping center comprised of 8,200 s/f in Holbrook. Classi arranged the financing. * $1.25 million for a four-story apartment building containing 8 apartments on East 37th St., Manhattan. Greenbaum arranged the financing. * $1 million for a five-story 18-unit apartment building in Yonkers. Sessa arranged the financing. * $1 million for a five-story walk-up apartment building containing nine units and one store, located on West 225th St., Manhattan. Brostovski arranged the financing.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
The art of investing in real estate - by Thomas Donovan

The art of investing in real estate - by Thomas Donovan

Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary