Category: Brokerage
Dunne, MacKenzie, Apfel, Langer and Blumenkrantz of CBRE arrange sale of 501-unit 15 Bank Apartments...
February 22, 2024
White Plains, NY Representatives of CBRE, led by Jeffrey Dunne, Stuart MacKenzie, Eric Apfel, Travis Langer, and Daniel Blumenkrantz, have completed the sale of 15 Bank Apartments, a 501-unit multifamily community. This follows on the heels of CBRE’s most recent transaction
JLL Capital Markets arranges transaction for $33 million refinancing for 111 West 19th St.
February 22, 2024
Manhattan, NY JLL Capital Markets has arranged a $33 million refinancing for 111 West 19th St., an eight-story, 189,731s/f office and retail building located in the Chelsea neighborhood. A JLL debt advisory team led by senior managing director Aaron Niedermayer represented the borrower,
Marcus & Millichap facilitates $8.4 million sale of multifamily property
February 22, 2024
Brooklyn, NY Marcus & Millichap has completed the sale of a three-story multifamily propert. The asset sold for $8.375 million. “The property was sold at a 4.31% cap rate and a 19.1x rent roll. Significant interest persists in 100% free-market properties
Houlihan Lawrence expands into Hudson Valley with grand opening of new office in Hudson
February 21, 2024
Hudson, NY Houlihan Lawrence is expanding its presence in the Hudson Valley with the grand opening of its new brokerage. Located at 237 Warren St., it is the company’s first brokerage in Columbia County. Houlihan Lawrence has offices
Wexcor Capital purchases apartment building for $5.8 million
February 21, 2024
Manhattan, NY Wexcor Capital has purchased two attached multifamily buildings from Barberry Rose Management in for $5.8 million. The six-story, two contiguous walk-up buildings at 565-567 and 571-573 West 175th St. in Washington Heights, feature
Marcus & Millichap facilitates $7.5 million sale of industrial assemblage
February 21, 2024
Brooklyn, NY Marcus & Millichap has completed the sale of an industrial assemblage. The assets sold for $7.5 million. "This sale was a good demonstration of how owner-user demand kept industrial pricing relatively stable last year,” said Thomas Brennan
Gantry secures $9 million permanent loan for NYC/East Village multifamily acquisition
February 21, 2024
Manhattan, NY Gantry has secured a $9 million permanent loan for the acquisition of a 23-unit, walk up apartment building with ground floor retail space located at 47 East 7th St. in the East Village. The loan supported the sponsor’s timely 1031 exchange
Sezan of Asset CRG Advisors retained to market sale of two buildings
February 21, 2024
Bronx, NY Asset CRG Advisors has been retained on an exclusive basis to market for sale two buildings in Port Morris. Mike Sezan will oversee the marketing of the property. The portfolio consists of 780 E 135 St., a 96,000 s/f industrial building
Merchants Capital provides $348 million in Fannie Mae financing for rehabilitation of 87 Brooklyn NY...
February 15, 2024
Brooklyn, NY The New York office of financial services company Merchants Capital has provided a $348 million Mortgage-Backed Securities (MBS) loan from Fannie Mae to support the rehabilitation of New York City Housing Authority (NYCHA
Farkas of Metropolitan Realty Associates closes on 75,000 s/f acquisition for $12.6 million
February 15, 2024
Bayport, NY Joseph Farkas, CEO and founder of Metropolitan Realty Associates LLC (MRA) has closed on the acquisition of three properties comprised of a vacant 75,000 s/f, single story cold storage/freezer facility and distribution center
Marcus & Millichap sells multifamily development sites for $7 million
February 13, 2024
Brooklyn, NY Marcus & Millichap has completed the sale of two multifamily development sites. The assets sold for $7 million. “This was a complex 421a development site, with a number of moving parts. My team, consisting of John Lopez
Cowing of Cushman & Wakefield/Pyramid Brokerage brokers $4.05m sale of 81,683 s/f industrial whareho...
February 13, 2024
Buffalo, NY 1370 William Street Property LLC has purchased 1370 William St. from 1370 William LLC for $4.05 million. The 81,683 s/f industrial warehouse building sits on 3.11 acres. Robert Cowing, III, associate real estate broker
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