Nova of The Cornerstone Group of NY arranges $2.2 million in financing for mixed-use property in Kips Bay
The Cornerstone Group of NY has advised and financed a mixed-use property located at 248 East 30th St. in the Kips Bay section of the borough. The total loan amount was for $2.2 million. The lender was undisclosed. The terms of the loan is five-year SWAP and 25-year amortization rate. The CSG - NY and SVP Russell Nova arranged financing for the borrower. The borrower is a well known real estate investor who owns 7 properties in NYC and is gradually investing in the NYC area.
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.
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
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
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