Gilmore and Rodman of KeyBank Community Development Lending & Investment arrange $4.4 million Fannie Mae loan to Mt. Vernon Associates, LP

Mt. Vernon, NY KeyBank Community Development Lending & Investment (CDLI) has provided a $4.4 million Fannie Mae loan to Mt. Vernon Associates, LP, to renovate Greencourt Apartments, a 76-unit, multifamily affordable apartment complex. The subject property consists of 59 units reserved for tenants earning no more than 60% AMI.

The property was constructed in 1926 and received LIHTC funding to help finance a substantial renovation in 1997.

John Gilmore IV and Jeff Rodman of KeyBank’s CDLI team arranged the financing.

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1540 Broadway signs 226,500 s/f of leasing as repositioning drives demand

Manhattan, NY GFP Real Estate and BDT & MSD Partners (BDT & MSD) secured 226,500 s/f of new leasing at 1540 Broadway since unveiling the tower’s $150 million repositioning in January

Olmstead Properties continues leasing momentum at 381 Park Ave. South with 9,946 s/f of new office leases

SL Green Realty inks 34,564 s/f of leasing at 711 Third Ave.

SL Green inks 34,564 s/f of leasing at 711 Third Ave.

NAI Long Island brokers sale of 2,500 s/f office for $680,000

Merrell of Island Associates sells 1,400 s/f medical office - $650,000

Merrell of Island Assocs. sells 1,400 s/f medical office

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Investment Property Realty Group sells 445 East 78th St. for $5.2 million

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