Category: Brokerage
Cleaning house in co-ops and condominiums with legal counsel - by C. Jaye Berger
January 5, 2021
The COVID Pandemic has created some extra time for people to handle projects they might not otherwise have time for. A good example of this is reviewing your building’s co-op and condominium formation documents, such as house rules, proprietary
Bortz and Sweetwood of Kislak broker $2.1m sale
January 5, 2021
Poughkeepsie, NY The Kislak Co., Inc. completed the sale of a fully-approved multifamily development site on over seven acres at 31-35 Violet Ave., in Dutchess County. The property traded for $2.1 million.
Bestreich, Reynolds, Reynolds and Davila of BRG facilitate $4.25 million development site sale
January 5, 2021
Brooklyn, NY Bestreich Realty Group (BRG) closed the sale of 176 Central Ave., located in the Bushwick neighborhood, for $4.25 million. This development site’s lot dimensions of 73.5 ft. x 150.33 ft.
New York City development tools: Inclusionary air rights part 2 - by Patrick O’Sullivan and Michae...
January 5, 2021
Part 1 of this four-part series appeared in the December 1st edition. The generation of inclusionary air rights provides owners with an opportunity to improve a development project’s economics. This second part of our series
A tale of Two Bridges: How did 4 towers get approved without the Uniform Land Use Review Procedure? ...
January 5, 2021
A zoning saga is unfolding at the Two Bridges Development site located on five blocks abutting the East River between the Manhattan and Williamsburg Bridges. At question is how zoning applications filed by developers to expand the permitted heights of four buildings
Victory Capital facilitates four loans: $9.5 million total
January 5, 2021
New York, NY Victory Capital closed the following: • A $2.4 million loan with a 3.75% interest rate: Victory Capital delivered on a refinance for two collateralized properties located between Maclay Ave. and Castle Hill Ave.
Flexibility is key to completing deals in today’s difficult market - by Grant Greenspan
January 5, 2021
Over the last eight months, New York City’s (NYC) vibrance has been a bit dimmer given the effects from the global COVID-19 pandemic. Many companies continue to move out of their office spaces or have made the decision to work from home well into 2021
Sparks of GFI Realty Services arranges $5.85m sale
January 5, 2021
Manhattan, NY GFI Realty Services, LLC arranged the $5.85 million sale of 1314 St. Nicholas Ave., a vacant 6,753 s/f NNN lease property with 15,866 s/f of air rights in the Washington Heights neighborhood.
Gotham Org. closes $232.35 million in financing with Goldman Sachs
January 5, 2021
New York, NY Gotham Organization, in partnership with Goldman Sachs Urban Investment Group, has closed on a $162.35 million loan from co-lenders, Wells Fargo Bank, N.A and U.S. Bank, N.A. Goldman Sachs Urban Investment Group
Asset Preservation to offer webinar series for attorneys, CPAs and all real estate professionals - ...
January 5, 2021
Asset Preservation, Inc. will be offering a series of free webinars that qualify for CE credits in January. The presentations are open to the public. Topics this month include Delaware Statutory Trusts (DSTs), how to buy before you sell
CPC and Development Unlimited of WNY close $1.675m construction loan
January 5, 2021
Tonawanda, NY The Community Preservation Corp. (CPC) and David Pawlik, a principal member of Development Unlimited of WNY, LLC, closed on $1.675 million in construction financing to transform a former school building into a mixed-use property
Stan Johnson Co. acts for 1031 buyer in $2m acquisition
January 5, 2021
Clifton Park, NY Stan Johnson Co. has completed the sale of a single-tenant healthcare property. The 4,969 s/f building is located at 3 Emma Ln. and is fully leased to Rezolut Imaging.
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