Search
Story results for:
Baseline Real Estate Advisors sells 8 units at 117 North 4th St. for $9.75 million
October 31, 2023
Brooklyn, NY Michael Sherman, founder of Baseline Real Estate Advisors, brokered the sale of 117 North 4th St. in Williamsburg for $9.75 million. The property is a newly renovated eight unit apartment building.
Fried Frank advises Empire State Realty Trust in acquisition
October 31, 2023
Brooklyn, NY Fried Frank advised an affiliate of Empire State Realty Trust on its acquisition of two adjacent properties located at the northeast corner of North 6th St. and Wythe Ave. in the Williamsburg neighborhood for a purchase price of $26.4 million
Shake Shack leases 2,727 s/f at 82-11 37th
October 31, 2023
Queens, NY Shake Shack is expanding to the Jackson Heights. The 2,727 s/f Shack will be located at 82-11 37th Ave. This will be Shake Shack’s 51st location in New York and the fourth company-owned location in the borough.
PX4 Development completes $15 million acquisition of 120 Jericho Tpke.
October 31, 2023
Jericho, NY PX4 Development has acquired the former hotel property located at 120 Jericho Tpke. The transaction was finalized on June 5th, 2023, marking a milestone for PX4 Development and the town of Oyster Bay.
ALUR Walls relocates to JEMB Realty’s 150 Bdwy.
October 31, 2023
Manhattan, NY JEMB Realty made known that ALUR Walls will relocate its New York showroom from 120 West 45th St. in midtown to 150 Bdwy. in the Financial District. Twenty-three stories tall, 150 Bdwy. offers 276,000 s/f of office and retail space.
Kellwood Company and KBL Group relocate to LH Charney’s 1441 Bdwy.
October 31, 2023
Manhattan, NY LH Charney said that Kellwood Company and KBL Group International will both be relocating to 1441 Bdwy. in Times Sq. Kellwood Co. will occupy 19,000 s/f on the 18th floor of the Times Sq. tower, while KBL Group will occupy a 9,000 s/f space on the eighth floor.
Walker & Dunlop arranges $36 million affordable housing renovation for eight-property portfolio
October 31, 2023
Brooklyn, NY Walker & Dunlop, Inc. arranged a $35.6 million loan to facilitate the refinance of a scattered site, sponsored by Grower Housing Development Fund Corp. The Section 8 affordable apartment portfolio comprises of 251 units, spanning eight buildings
NAI Long Island represents Tech Network in 10,000 s/f lease
October 31, 2023
Farmingdale, NY NAI Long Island director Marian Campi-Conde negotiated a five-year lease at 24 Central Dr. on behalf of Tech Network. The landlord at 24 Central Dr. was represented by Leonard Gold of Finch Realty.
Williams Equities completes 66,000 s/f relocation/expansion at 28 & 40 West 23rd St.
October 31, 2023
Manhattan, NY Williams Equities has completed a long-term, 66,000 s/f relocation and expansion with Ramp, the finance automation platform, at the ownership group’s 28 & 40 West 23rd St. property in Midtown South.
Ariel Property Advisors arranges $19.1 million sale of mixed-use property
October 31, 2023
Bronx, NY Ariel Property Advisors (Ariel) has brokered the $19.1 million sale of an affordable multi-family and commercial property at 950 Westchester Ave. in the Longwood neighborhood.
Rosewood Realty Group and GFI broker $5.25 million multifamily building
October 31, 2023
Bronx, NY Rosewood Realty Group and GFI have brokered the $5.25 million sale of a six-story elevator multifamily building with 53 apartments. The building, 4030 Bronx Blvd. (between East 226th and East 228th St.) totals 50,338 s/f. The multifamily was
KeyBank provides $41.2 million financing
for 193-unit Tompkins Terrace
October 31, 2023
Beacon, NY KeyBank Community Development Lending and Investment (CDLI) provided $17.1 million in Low Income Housing Tax Credit (LIHTC) equity and a $24.1 million permanent loan through the Fannie Mae forward MBS Tax-Exempt Bond (MTEB) program for the acquisition and rehabilitation
Plasky and Arustamian of Marcus & Millichap sell 26,260 s/f retail center for $11.7 million
October 31, 2023
Brooklyn, NY Marcus & Millichap negotiated the sale of a retail center. The asset sold for $11.7 million. “It is rare to be able to purchase a new construction, 100% occupied shopping center in Brooklyn,” said Scott Plasky. “Even in a somewhat
Colliers leases 5,644 s/f to Tap Room at TRITEC’s Station Yards
October 31, 2023
Ronkonkoma, NY Tap Room, the bar and restaurant has leased 5,644 s/f at TRITEC Real Estate Company’s Station Yards project. A team from Colliers represented the landlord, including Maria Valanzano, Steve D’Orazio, and Jake Horowitz.
Hudson Valley Property Group completes $47 million renovation project on two apartment properties
October 31, 2023
Spring Valley, NY Hudson Valley Property Group (HVPG) completed a $47 million preservation and renovation project at two properties: Lakeview Village, a 144-unit senior housing property, and Highview Apartments, a 76-unit family housing property.
Samanea New York welcomes Beyond Monet: The Immersive Experience
October 31, 2023
Westbury, NY Samanea New York welcomes Beyond Monet: The Immersive Experience, showcasing more than 400 of Monet’s most iconic works of impressionism. Produced by Paquin Entertainment Group, Beyond Monet: The Immersive Experience will be located in the same
Picking up after the pandemic - by C. Jaye Berger
October 31, 2023
Most people will be surprised to hear how long some of their board members and neighbors have been living in Florida and elsewhere during the pandemic. Therefore, the board has not had an opportunity to look at the co-op documents to see what needs to be updated and added to. This
Cushman & Wakefield represents 180 Maiden Ln. ownership in leases to City Year, Splash, Royal Fundin...
October 31, 2023
Manhattan, NY Clarion Partners, LaSalle Investment Management, and Banyan Street Capital made known that City Year, Inc. and One Clipboard Inc. (dba Splash) are relocating to new pre-built units at 180 Maiden Ln., while current tenants Cover Whale and Royal Funding Group
Avison Young debt & equity finance team closes $1 billion for 5Pointz
October 31, 2023
Long Island City, NY Over the course of several years, Avison Young’s tri-state debt & equity finance team has closed $1 billion in financing for 5Pointz, a 1,122-unit multi-family development. There were three financing phases: first, a $300 million construction loan;
Cosentino and Cohen of TerraCRG handle $22.4 million
sale to Carlyle Group and Z+G Property Grou...
October 31, 2023
Brooklyn, NY TerraCRG negotiated the sale of the 46 unit multifamily building at 180 Bainbridge St. located in the Bedford Stuyvesant neighborhood. Carlyle Group and Z+G Property Group purchased the property for $22.4375 million. Matt Cosentino and Ofer Cohen