Craig Bjornsund, senior VP and managing director of NorthMarq Capital, Inc.'s N.Y.C. regional office, arranged first mortgage financing in the amount of $2.65 million for Toys 'R' Us and Summit Plaza. Financing was based on a 10-year term with a 25-year amortization schedule and was arranged for the borrower, Goodrich Cicero LLC, by NorthMarq through its correspondent relationship with Sun Life of Canada.
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.
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.
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
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