Front Section

Gantry 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 exchange

Sezan 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 building

Merchants 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 (NYCHA

Farkas 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

Marcus & Millichap sells multifamily development sites for $7 million

Brooklyn, NY Marcus & Millichap has completed the sale of two multifamily development sites. The assets sold for $7 million. “This was a complex 421a development site, with a number of moving parts. My team, consisting of John Lopez

The Feil Organization completes $23.5 million refinancing of Home Depot Shopping Center

Elmont, NY The Feil Organization completed a $23.5 million refinancing of Home Depot Shopping Center provided by Principal Asset Management. Estreich & Company represented the Feil Organization in the transaction. “We are pleased to have secured this refinancing for Home Depot

Houlihan Lawrence Commercial sells
former Melrose School for $3 million

Brewster, NY Houlihan Lawrence Commercial, a division of Houlihan Lawrence, negotiated the sale of 100 – 120 Federal Hill Rd. in the town of Southeast in Putnam County. The property is the former campus of the Melrose School, which was run by the Community of the Holy Spirit,

Marcus & Millichap facilitates $9 million sale of multifamily property

Queens, NY Marcus & Millichap has completed the sale of a 34,000 s/f multifamily property. The asset sold for $9 million. “Having an understanding of this remarkably nuanced asset class gives

Tinc Productions relocates to 1560 Bdwy.

Manhattan, NY Tinc Productions, a technical production firm with expertise across the live event landscape, including on- and off-Broadway shows, has signed a seven-year lease for 2,964 s/f on the sixth floor of 1560 Bdwy. in Times Sq.

GFP Real Estate signs three leases at 171 Madison Ave.

Manhattan, NY GFP Real Estate, LLC has signed three leases at 171 Madison Ave. in Midtown South totaling 4,188 s/f. PBA USA, Inc., an Italy-based designer and manufacturer of bath ware and hardware accessories, signed a six-and-a-half-year