News: Brokerage

Meridian Capital Group negotiates $55.1 million for six new mortgages

Meridian Capital Group, LLC has completed six new mortgages totaling $55.1 million. The deals include: * $23 million was placed on a multifamily building on Park Ave. The loan was negotiated by Moshe Majeski and Rael Gervis. * $12 million on a two-story retail building on Broadway. The loan was negotiated by Morris Diamant and Joe Klein. * $10 million was placed on a 115-unit, 15-story multifamily building on West 88th St. The interest-only loan was negotiated by Avi Weinstock. * $5.5 million on a 107-unit co-op building on S. Park Ave. in Rockville Centre. The loan was negotiated by Steve Geller. * $3.5 million on two, owner-occupied supermarkets, totaling 25,300 s/f in Brooklyn. Benjamin Klugman and Josh Rhine handled this deal. * $1.1 million on a 23-unit, three-story multifamily building on Willow Ln., Bronx. The loan was negotiated by David Hayum and Zev Feder.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,