Procida's 100 Mile Fund tops $200 million in new loan originations

According to Procida, it's 100 Mile Fund has topped $200 million in new loan originations since launching their real estate investment fund in October of 2011. The 100 Mile Fund also revealed a 17.2% annualized percentage yield to their investors for the first half of 2015. Some highlights of the 100 Mile Fund's activity for the first half of 2015 included: * A $7.5 million 1st Mortgage Pre-Development Loan on a 19.2 acre site in Ridgefield, N.J.; * A $3.45 million 1st Mortgage Acquisition Loan on a 127,000 s/f industrial warehouse in Ridgefield Park, N.J.; * A $1.2 million 1st Mortgage Bridge Loan on a mixed-use building in Philadelphia, PA; and * A $1.81 million 1st Mortgage Acquisition Loan secured by properties located in Paterson, N.J.

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Marcus & Millichap brokers $2.8 million sale of free-market mixed-use property in Brooklyn

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.

Investment Property Realty Group’s Team Friedman brokers seven Bronx closings totaling $12.07 million

IPRG’s Team Friedman brokers 7 Bronx closings totaling $12.07m

Highcap Group sells Astoria 17 unit elevatored apartment building

OPEN Impact R.E. helps Coney Island Prep. secure 39-year leasehold condominium for new 45,190 s/f high school

OPEN Impact helps Coney Island Prep. secure leasehold condo. for new high school

New York restaurant group acquires Upper West Side retail co-op for $4.135 million in deal arranged by Lee & Associates NYC

N.Y. restaurant group acquires Upper West Side retail co-op for $4.135m in deal arranged by Lee & Associates NYC

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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

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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.

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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

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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