Manhattan, NY Mortgage banking company Merchants Capital closed a $51 million construction loan and a $28.4 million Freddie Mac 9% Low-Income Housing Tax Credit (LIHTC) Cash Unfunded Forward Commitment to fund a new affordable housing project in Manhattan’s
Brooklyn, NY Marcus & Millichap Capital Corp. (MMCC) arranged a $34.4 million interest-only bridge loan to refinance a 117-unit multifamily property and 4,000 s/f commercial unit in the Williamsburg neighborhood.
Melville, NY Federal Realty Investment Trust has signed Cava, a growing Mediterranean brand with a flavorful and healthy fast-casual restaurant experience, as the final tenant at its new 15,000 s/f building at Melville Mall. The restaurant will open this summer.
Elmsford, NY Admiral Real Estate celebrated the approval for the opening of a new 7-Eleven convenience store at 37 East Main St./Rte. 119. The 4,000 s/f building was purchased earlier this year for redevelopment, solely for this user. The sale price was not disclosed.
Queens, NY Robert Ranieri, senior vice president/managing director of NorthMarq’s White Plains office arranged the $44.5 million refinance of Briarwood Gardens. The property contains 514 residential units and one commercial unit and is located at 85
th Dr.
Congers, NY LichtensteinRE.com, as seller’s exclusive broker, has sold Congers Colonial Plaza Shopping Center located at 285 North Rte. 303 in Rockland County. The sales price was $4 million. Andrew Lichtenstein, principal broker
I have not witnessed a season with as much anticipation for a New Year since December 1999. We couldn’t believe we would live during a time period when the calendar’s odometer was about to turn over to 2000! We were all certain the millennium was
Part 3 of this four-part series appeared in the January 2nd edition. While the pandemic has significantly disrupted the retail space market in New York City, grocery stores have remained resilient, which makes them an increasingly attractive tenant.
Bronx, NY Alex Hajibay’s Heritage Affordable Communities acquired a 70-unit property for $10.8 million. The property located at 1971 Webster Ave. was constructed in 2003. MacQuesten Development was the seller.
Brooklyn, NY TerraCRG closed on the sale of a retail building at 5501Glenwood Rd. in the East Flatbush neighborhood for $3.15 million. Dan Marks, Daniel Lebor and Rob Finnerty exclusively represented the seller.
