News: Brokerage

GCP Capital Group arranges 12 mortgage deals totaling $62.54 million

GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $62.54 million for the following 12 properties: * $14 million in combined financing for a multi-building cold/dry and self-storage facility comprised of 190,000 s/f, located in the Farragut section of Brooklyn. Paul Greenbaum, managing member of GCP, arranged the financing. * $10 million combined financing for a 20-story elevator co-op apartment building containing 159 apartments and parking garage on the Upper East Side. Adam Hakim, senior associate of GCP, arranged the financing. * $8.75 million for a portfolio of four apartment buildings containing a total of 129 apartments, located throughout upper Manhattan. Michael Charnowitz, senior associate of GCP, arranged the financing. * $7.3 million for a five-building apartment portfolio containing 28 apartments and three stores, located throughout Brooklyn. Matthew Albano, senior broker of GCP, arranged the financing. * $5.6 million for two five-story apartment buildings containing a total of 42 apartments, located on West 139th St. in Manhattan. Greenbaum arranged the financing. * $3.75 million for a five-story apartment building containing 26 apartments and five retail units, located on Amsterdam Ave. in Manhattan. Adam Brostovski, principal of GCP, arranged the financing. * $2.99 million for a gut renovated, six-story plus loft building containing nine apartments and ground floor retail of 1,050 s/f, located on Fifth Ave. in Brooklyn. Matthew Classi, managing member of GCP, arranged the financing. * $2.5 million for three interconnected industrial buildings comprised of approximately 52,500 s/f, located on Douglas Ave. in Queens. Charnowitz arranged the financing. * $2.5 million in second mortgage financing for a seven-story apartment building containing 65 units, located on Fulton St. in Brooklyn. Greenbaum arranged the financing. * $2 million for a four-story apartment building containing 16 apartments on St. Marks Ave. in Brooklyn. Charnowitz arranged the financing. * $1.7 million for two four-story apartment buildings containing a total of 23 apartments on Fulton Ave. in the Bronx. Stephen Katz, senior associate of GCP, arranged the financing. * $1.4 million for two three-story residential buildings containing a total of four apartments and one store, located on DeKalb Ave. in Brooklyn. David Sessa, senior associate of GCP, arranged the financing.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
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
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