News:
Brokerage
Posted: June 21, 2016
Skyline Developers secures $26 million construction loan for Midtown project
Manhattan, NY Skyline Developers has secured a $26 million construction loan from Bank of America to construct a ground-up new development in Midtown. The 24-story rental building will be located at 1050 Avenue of the Americas between 39th and 40th Sts.
“1050 Avenue of the Americas will meet the market demand for luxury residential in a truly central Manhattan location where residents can live, work and play while being in the center of it all. This building is a short walk to many surrounding office buildings and in close proximity to major transportation hubs. Bryant Park is an incredible amenity, as are its many surrounding restaurants and nearby Fifth Ave. retail,” said Orin Wilf, president of Skyline.
Skyline has commissioned Gene Kaufman of GKA Architects to design the boutique building, which is on track to break ground later this spring. Occupancy is slated for fall 2018.
1050 Avenue of the Americas is steps from the B, D, F, M and 7 subway lines at Bryant Park, offering quick access uptown and downtown, and a short walk to both Grand Central Station and Penn Station
Tags:
Brokerage
MORE FROM Brokerage
Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence
New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
AI comes to public relations, but be cautious, experts say - by Harry Zlokower
Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
Strategic pause - by Shallini Mehra and Chirag Doshi
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
