News: Brokerage

GCP Capital Group arranges 17 mortgages totaling $301.996 million

New York, NY GCP Capital Group LLC has arranged mortgage financing in the amount of $301.996 million for the following 17 deals:

• $72.1 million for a portfolio of six, six-story multifamily apartment buildings containing a total of 430 units and 16,000 s/f of retail space in Brooklyn and Manhattan. Stephen Katz, senior associate of GCP, arranged the financing for this portfolio.

• $58 million for adjoining 12-story and seven-story mixed use buildings containing a total of 125 apartments and 9,000 s/f of commercial space in the Midtown section of Manhattan. Matthew Classi, managing member of GCP, arranged the financing.   

• $42 million for 35,500 s/f of ground floor and lower level retail space along with a parking garage of 31,520 s/f on the Upper West Side of Manhattan. David Sessa, senior associate of GCP, arranged the financing.

• $35 million for a three-story industrial building comprised of 301,000 s/f in LIC. Alan Perlmutter, managing member of GCP, arranged the financing for these properties.

• $17 million for a portfolio of 10 multifamily apartment buildings containing a total of 407 apartments and 11 commercial units in Brooklyn. Paul Greenbaum, managing member of GCP, arranged the financing.

• $15 million for a 21-unit retail strip center comprised of 79,100 rentable s/f on Bruckner Blvd. in the Bronx. Louis Perlmutter, senior associate of GCP, arranged the financing.

• $8 million for three contiguous four-story mixed-use buildings containing a total of 18 apartments and 3,300 s/f of commercial space on the Upper East Side of Manhattan. Greenbaum arranged the financing.

• $7.65 million for six contiguous two-story multifamily apartment buildings containing a total of 120 units on Hollis Ave. in Queens. Greenbaum arranged the financing.

• $7.5 million for a six-story multifamily apartment building containing 28 units and 1,500 s/f of commercial space at Waverly Place in Manhattan. Classi arranged the financing.

• $7 million for a six-story apartment building containing 23 units on East 11th St. in Manhattan. Matthew Albano, senior broker of GCP, arranged the financing.

• $6.725 million for a six-story multifamily apartment building containing 60 units on Selwyn Ave. in the Bronx. Adam Brostovski, principal of GCP, arranged the financing.

• $6.5 million for two five-story multifamily apartment buildings containing a total of 25 units and 2,700 s/f of commercial space on Amsterdam Ave. in Manhattan. Classi arranged the financing.

• $5.35 million for two five-story multifamily apartment buildings containing 38 units and six commercial units on East 187th St. in the Bronx. Brostovski arranged the financing.

• $4.3 million combined financing for a one-story commercial building of 11,200 s/f and a one-story retail building of  3,400 s/f, located throughout the Bronx. Perlmutter arranged the financing for these properties.

• $3.7 million for a four-story apartment building containing 38 units on Ave. K in Brooklyn. Greenbaum arranged the financing.

• $3.5 million for a five-story multifamily apartment building containing 20 units on East Second St. in Manhattan. Classi arranged the financing.

• $2.67 million combined financing for two one-story, single tenant commercial buildings comprised of 5,250 total s/f on Steinway St. in Queens. Classi 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