News: Brokerage

GCP Capital arranges multiple mortgages totaling $117.701 million

GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $117.701 million for the following properties: * $6.175 million for a newly constructed four-story apartment building containing 14 apartments, located on Dean St., Brooklyn. Matthew Albano, senior broker of GCP arranged the financing. * $5,635 million for a six-story apartment building containing 45 apartments, located in Woodside, Queens, New York. Alan Perlmutter, managing member of GCP arranged the financing. * $4.011 million for a four-story walk-up apartment building containing 44 apartments, located in Richmond Hill, Queens. Perlmutter arranged the financing. * $2.2 million for a one-story industrial building containing 30,100 s/f, located on 129th St. in Queens. David Sessa, senior associate of GCP, arranged the financing. * $33.88 million for an 11-story and 12-story apartment buildings containing a total of 246 units, located on Prospect Place in Brooklyn. Adam Brostovski, principal of GCP, arranged the financing. * $5 million for a six-story apartment building containing 10 apartments and 1 commercial unit, located in the East Village. Sessa arranged the financing. $4 million for a six-story apartment building containing 25 apartments and 3,400 s/f of commercial space, located on the Lower East Side. Paul Greenbaum, managing member of GCP, arranged the financing. * $2.9 million for a five-story apartment building containing 15 apartments, located on Classon Ave. in Brooklyn. Brostovski arranged the financing. * $2.2 million for a five-story townhouse building containing 5 apartments and 1 commercial unit, located on South Oxford St. in Brooklyn. Albano arranged the financing. * $22.05 million for a five-story building containing 110 apartments and 2,240 s/f of commercial space, located on Taffe Place in Brooklyn. Brostovski arranged the financing. * $17.75 million for two mixed-use properties containing a total of 91 apartments and 11,200 s/f of commercial space, located in the Washington Heights section of Manhattan. Brostovski arranged the financing. * $9 million for a three-story boutique hotel, located in the Greenpoint section of Brooklyn. Greenbaum arranged the financing. * $2.9 million for a portfolio of 4 three-story apartment buildings containing a total of 24 apartments, located throughout Ridgewood, Queens, New York. Matthew Classi, managing member of GCP, arranged the financing.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A guide to finding the right NYC property management company - by Sanjay Gandhi

A guide to finding the right NYC property management company - by Sanjay Gandhi

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
Positive forecast for New York’s pro-housing push? - by Philip Butler

Positive forecast for New York’s pro-housing push? - by Philip Butler

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
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.
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