Abergel of Arbor closes $4.9 million Fannie Mae loan for 217-unit complex

Arbor Commercial Funding, LLC has funded a $4.9 million loan under the Fannie Mae DUS loan product line for the 217-unit complex known as Sterling Court Apartments. The 10-year loan amortizes on a 26-year schedule and carries a note rate of 5.9%. The loan was originated by Ronen Abergel, director, in Arbor's full-service N.Y. lending office. "This deal consisted of a refinance for a CMBS loan that was replaced with a 10-year fixed-rate Fannie Mae loan," said Abergel. "The borrower was very pleased with the terms of the deal."

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Marcus & Millichap brokers $2.8 million sale of free-market mixed-use property in Brooklyn

Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.

Investment Property Realty Group’s Team Friedman brokers seven Bronx closings totaling $12.07 million

IPRG’s Team Friedman brokers 7 Bronx closings totaling $12.07m

Highcap Group sells Astoria 17 unit elevatored apartment building

OPEN Impact R.E. helps Coney Island Prep. secure 39-year leasehold condominium for new 45,190 s/f high school

OPEN Impact helps Coney Island Prep. secure leasehold condo. for new high school

New York restaurant group acquires Upper West Side retail co-op for $4.135 million in deal arranged by Lee & Associates NYC

N.Y. restaurant group acquires Upper West Side retail co-op for $4.135m in deal arranged by Lee & Associates NYC

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Investment Property Realty Group closes $2.326 million sale of multi-family 1684 Banyer Place

Columns and Thought Leadership

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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.

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