News: Brokerage

Seidman, Hayum, Taub, Zlotnick, and Diamant of Meridian Capital Group negotiate $47.6 million in financing for multifamily properties

Meridian Capital Group, LLC announced the following transactions totaling $47.6 million: * Meridian negotiated a new mortgage in the amount of $3 million on two multifamily buildings totaling 63 units located on West 113th St. and Manhattan Ave. The loan features a rate of 2.75% and a 10-year term. Shamir Seidman negotiated this transaction. * A new mortgage of $31.125 million was placed by Meridian on three multifamily buildings totaling 346 units located on Fulton Avenue in Hempstead. The loan features a rate of 3.09% and a seven-year term. David Hayum negotiated this transaction. * Meridian negotiated a new mortgage in the amount of $4 million on a 35-unit, four-story multifamily building on 58th Street in Woodside. The loan features a rate of 2.9% and a 10-year term. Joe Taub negotiated this transaction. * A new mortgage of $3.6 million was placed by Meridian on two multifamily buildings totaling 68 units located on 43rd Street and Ocean Parkway in Brooklyn, NY. The loan features a rate of 3% and a 10-year term. David Zlotnick negotiated this transaction. * Meridian negotiated a new mortgage in the amount $3.1 million on a 34-unit, five-story multifamily building on Convent Avenue in New York City. The loan features a rate of 3% and a 10-year term. Shamir Seidman negotiated this transaction. * A new mortgage of $2.8 million was placed by Meridian on a 48-unit, six-story multifamily building on East 19th Street in Brooklyn. The loan features a rate of 3.2% and a 10-year term. Morris Diamant negotiated this transaction.
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
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
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
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.