News: Brokerage

GCP Capital Group arranges 14 mortgages totaling $116.996 million

GCP Capital Group LLC has arranged 14 mortgage financings totaling $116.996 million for the following properties: * $41.246 million for a portfolio of 11 buildings containing a total of 546 units and 6,600 s/f of commercial space located through Queens and the Bronx. Paul Greenbaum, managing member of GCP, arranged the financing. * $15.3 million for a seven-story apartment building comprised of 140 apartments, located on Holland Ave. in the Bronx. Adam Brostovski, principal of GCP, arranged the financing. * A $12 million permanent mortgage for a six-story apartment building comprised of 27,200 s/f, located in the Greenwich Village section of Manhattan. Adam Hakim, senior associate of GCP, arranged the financing. * $8.925 million for a six-story apartment building containing 128 apartments and 4,900 s/f of commercial space, located on East 187th St. in the Bronx. Brostovski arranged the financing. * $5.5 million for four four-story apartment buildings containing a total of 12 apartments, located on Wilson Ave. in Brooklyn. Matthew Albano, senior broker of GCP, arranged the financing. * $5.2 million for a five-story apartment building containing 12 apartments and ground floor retail, located on Tenth Ave. in Manhattan. Brostovski arranged the financing. * $5 million for two five-story apartment buildings containing a total of 40 apartments, located on West 15th St. in Manhattan. Albano arranged the financing. * $4.75 million for a 70-unit apartment complex, located in Hyde Park. Albano arranged the financing. * $4.6 million for a five-story apartment building containing eight apartments and one commercial space, located in lower Manhattan. Brostovski arranged the financing. * $4.2 million for a six-story apartment building containing 58 units, located in the Ft. George section of Manhattan. Greenbaum arranged the financing. *$4.05 million for a six-story apartment building containing 54 apartments, located on Bronx Blvd. in the Bronx. Greenbaum arranged the financing. * $2.725 million for two four-story buildings containing a total of 14 apartments and one retail store, located on Fourth Ave. in Brooklyn. Matthew Classi, managing member of GCP, arranged the financing. * $2 million for a four-story apartment building containing 42 units, located on West 88th St. in Manhattan. Greenbaum arranged the financing. * $1.5 million for a five-story apartment building containing 10 apartments, located on Wheeler Ave. in the Bronx. Stephen Katz, senior associate of GCP, arranged the financing.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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