Manhattan, NY Newmark Knight Frank’s Debt & Structured Finance team has secured $23.5 million in refinancing on behalf of Stone Street Properties (SSP) for 16 East 18th St. The NKF team was led by vice chairmen Dustin Stolly and Jordan Roeschlaub and included senior managing director Daniel Fromm and associate director Josh Egert.
Bronx, NY S3 Capital Partners has originated a $75 million construction loan for 210 East 135th St. The property is situated on a 48,976 s/f lot and has a gross buildable of 315,000 s/f. The financing will fund the development of 237 residential rental apartments and a 3,000 s/f commercial space. The property is located in the much sought-after Mott Haven neighborhood. Construction is ongoing and foundation work has been completed.
Brooklyn, NY Meridian Capital Group arranged $11.3 million in financing for the construction of a multifamily development on behalf of Residential Development Group.
Brooklyn, NY Marcus & Millichap has completed the sale of two rare apartment buildings in the Cobble Hill neighborhood, according to John Krueger, regional manager of the firm’s Manhattan office. The asset sold for $11.8 million.
Manhattan, NY Josh Lipton and Andrew Levine of Invictus Property Advisors have brokered the $6.7 million sale of 22 West 90th St. on the Upper West Side. The nine-unit multifamily building was renovated with new kitchens, bathrooms, wood-flooring and recessed lighting.
Manhattan, NY Friedman Roth Realty Services has brokered the sale of two properties on the southeast corner of Broome and Bowery on the Lower East side. The deal closed for $56.625 million for three separate blocks and lots and two separate sellers, with a total buildable of 70,000 s/f from all three sites combined.