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Marcus & Millichap facilitates $8.4 million sale of multifamily property
Brooklyn, NY Marcus & Millichap has completed the sale of a three-story multifamily propert. The asset sold for $8.375 million. “The property was sold at a 4.31% cap rate and a 19.1x rent roll. Significant interest persists in 100% free-market propertiesHoulihan Lawrence expands into Hudson Valley with grand opening of new office in Hudson
Hudson, NY Houlihan Lawrence is expanding its presence in the Hudson Valley with the grand opening of its new brokerage. Located at 237 Warren St., it is the company’s first brokerage in Columbia County. Houlihan Lawrence has officesWexcor Capital purchases apartment building for $5.8 million
Manhattan, NY Wexcor Capital has purchased two attached multifamily buildings from Barberry Rose Management in for $5.8 million. The six-story, two contiguous walk-up buildings at 565-567 and 571-573 West 175th St. in Washington Heights, featureMarcus & Millichap facilitates $7.5 million sale of industrial assemblage
Brooklyn, NY Marcus & Millichap has completed the sale of an industrial assemblage. The assets sold for $7.5 million. "This sale was a good demonstration of how owner-user demand kept industrial pricing relatively stable last year,” said Thomas BrennanGantry secures $9 million permanent loan for NYC/East Village multifamily acquisition
Manhattan, NY Gantry has secured a $9 million permanent loan for the acquisition of a 23-unit, walk up apartment building with ground floor retail space located at 47 East 7th St. in the East Village. The loan supported the sponsor’s timely 1031 exchangeSezan of Asset CRG Advisors retained to market sale of two buildings
Bronx, NY Asset CRG Advisors has been retained on an exclusive basis to market for sale two buildings in Port Morris. Mike Sezan will oversee the marketing of the property. The portfolio consists of 780 E 135 St., a 96,000 s/f industrial buildingMerchants Capital provides $348 million in Fannie Mae financing for rehabilitation of 87 Brooklyn NYCHA properties
Brooklyn, NY The New York office of financial services company Merchants Capital has provided a $348 million Mortgage-Backed Securities (MBS) loan from Fannie Mae to support the rehabilitation of New York City Housing Authority (NYCHAFarkas of Metropolitan Realty Associates closes on 75,000 s/f acquisition for $12.6 million
Bayport, NY Joseph Farkas, CEO and founder of Metropolitan Realty Associates LLC (MRA) has closed on the acquisition of three properties comprised of a vacant 75,000 s/f, single story cold storage/freezer facility and distribution center