Bronx, NY Meridian’s Amit Doshi and Shallini Mehra of Meridian Capital Group negotiated the $5.1 million sale of 246 East 199
th St. The fully rent-stabilized building features 47 apartments and sold for a capitalization rate of 6.8%,
Brooklyn, NY BSE Global unveiled a future transformation of Barclays Center’s Suite Level B and its existing suites, which includes two new and distinct open concept, premium membership clubs, The Row and The Key. As part of the largest
Bayport, NY According to Joseph Farkas, CEO and founder of Metropolitan Realty Associates LLC (MRA), the company executed a 15-year lease agreement with Bakery Process Solutions for the entire single-story cold storage/freezer facility and distribution center located at 33 Rajon Rd.
Limited Liability Company (LLC) statutes are knownto expressly permit business people to separate the right to manage a particular LLC from the right to receive the profits of the business. LLC managers may be appointed who have no or limited rights to receive the profits of
Queens, NY Slate Property Group, in partnership with Grobman Gross Properties, has closed on a $97 million refinancing for The Yellowstone, a 166-unit multifamily asset. The proceeds will be used to retire existing debt, cover closing costs and fund an interest reserve
Baldwinsville, NY The Boulder Group completed the sale of a single tenant net-leased Caliber Collision property located at 3593 NY 31 for $4,348,600. Featuring a 15-year, corporately guaranteed lease with Caliber Collision, the largest U.S. collision repair
In 2023, the North Manhattan multifamily real estate market continued to face significant challenges, primarily driven by the lingering effects of HSTPA and higher interest rates. These factors spurred caution among property investors, leading many to adopt a wait-and-see approach.
Queens, NY Cord Meyer Development has signed Flagstar Bank to its commercial property at 73-01 Northern Blvd. in Jackson Heights. The 2,700 s/f deal was brokered by Cushman & Wakefield senior director Michael Azarian and Cushman & Wakefield director
Albany, NY KeyBank Real Estate Capital (KBREC) secured $25.3 million for Redburn Development Partners to refinance two multifamily properties that preserve affordable workforce housing.
Manhattan, NY Marcus & Millichap facilitated the sale of a 36-unit multifamily property on Upper West Side for $11.25 million. “Despite today’s market challenges, the property sold for a 5.02% cap rate,” said John Stewart.
