Manhattan, NY Meridian Capital Group arranged $68 million in financing for the Vitre condominium tower on behalf of Wonderworks Construction and their partners.
The 24-month condo inventory loan is secured by this 48-unit development and was provided by a balance sheet lender and features full-term interest-only payments. This transaction was negotiated by Meridian senior managing directors Morris Betesh and Tamir Kazaz, and vice president, Alex Bailkin.
Queens, NY Rubin Isak, founding partner of Goldenwood Property Advisors, has exclusively sold 5130-5134 Roosevelt Ave. in the Sunnyside neighborhood in an all cash transaction valued at $3.58 million.
New York, NY Lloyd Goldman, president BLDG Management, was the honoree at the 50th annual Winter’s Evening Gala, which raised $2 million to benefit National Jewish Health, a leading respiratory hospital in the nation.
Bronx, NY According to KZA Realty Group, Bronx Kreate Space obtained 15 Canal Place in the Mott Haven neighborhood.
Manhattan, NY The International Secret Brokers Society sales and leasing team of Joseph Aquino, president of JAACRES, and Lynn San Andres, president of The Mason Alexander Group has leased Charleston Shoe Co. their 1,200 s/f store at 1393 Avenue of the Americas at West 57th St.
Brooklyn, NY GFI Realty Services, LLC completed the $15.5-million sale of 2261 Ocean Avenue, a six-story, 54-unit apartment building in the Madison neighborhood.
Brooklyn, NY According to Tri State Commercial, Orangetheory Fitness has signed a 15-year lease for 3,100 s/f at 284 Prospect Park West in the Park Slope neighborhood.
Attention rental brokers – there is a new Safe Harbor available for your clients to claim qualified business income that is entitled to a 20% income tax deduction set forth at 26 USC §199A and your clients are going to need your help to qualify.
Manhattan, NY George Smith Partners has established a bicoastal presence with the opening of an office in Midtown. Industry veteran Ed Steffelin has joined the firm as senior vice president on the Malcolm Davies team, and will oversee the new office, which is located at 750 Lexington Ave.
Manhattan, NY Adelaide Polsinelli, vice chair of Compass, has closed on the off-market, re-sale of three retail condos consisting of 2,500 s/f at 262-272 Mott St., in the Nolita neighborhood for $7.35 million, just under $3,000 per s/f.
