News: Brokerage

Meridian Capital negotiates $38.02 million in financing for mixed-use and multifamily properties

Meridian Capital Group, LLC negotiated the following transactions totaling $38.02 million: * A new mortgage of $7.5 million on two multifamily buildings totaling 85 units located on Fort Washington Ave. The loan features a rate of 2.85% and a 10-year term. Scott Assouline negotiated the transaction. * Two new mortgages totaling $14.5 million on two multifamily buildings totaling 39 units located on Carmine St. and West 14th St. These loans feature rates of 3.13% and 10-year terms. Carol Shelby and Dani Sabesan negotiated the transactions. * A new mortgage of $6.25 million on an 11-unit, mixed-use building featuring 2,500 s/f of retail space located on William St. The loan features a rate of 3.00% and a 10-year term. Morris Diamant negotiated the transaction. * A new mortgage of $4.2 million on two multifamily buildings totaling 34 units located on East 74th St. The loan features a rate of 2.90% and a 10-year term. Morris Diamant negotiated the transaction. * A new mortgage in the amount of $3.25 million on a 62-unit, six-story multifamily building located on Main St. in New Rochelle. The loan features a rate of 3.13% and a 10-year term. Allan Lieberman negotiated the transaction. * A new mortgage of $2.325 million on a 15-unit, six-story multifamily building located on Frederick Douglass Blvd. The loan features a rate of 3.00% and a 10-year term. David Hayum negotiated the transaction.
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,
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
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