Category: Brokerage
Kleinberg and Staudigel of Tri-State Properties broker $13.3 million sale of two apartment complexes...
November 22, 2022
Stewart Manor, NY Tri-State Properties co-presidents Ron Kleinberg and Dale Staudigel brokered the $13.3 million sale of 605 – 625 Tulip Ave. (24-units) and 130–150 Covert Ave. (26-units). The two garden apartment complexes total 40,000 s/f. Kleinberg exclusively represented
CBRE originates $12.3 million Freddie Mac financing for River View Towers
November 22, 2022
Manhattan, NY CBRE originated a $12.3 million loan to refinance existing debt and facilitate major capital improvements for River View Towers, a 385-unit, 24-story, Mitchell-Lama cooperative built in 1964 located in the Hamilton Heights neighborhood of the city’s upper west side.
Ariel Property Advisors arranges sale of four Brooklyn properties for $16.18 million
November 22, 2022
Brooklyn, NY Ariel Property Advisors has arranged the sale of properties in Bay Ridge, Park Slope, Brooklyn Heights and Crown Heights totaling $16.18 million. • Bay Ridge. A 27,548 s/f, fully-stabilized 35-unit multifamily building at 571 Ovington Ave. sold for $5.7 million, which
Horvath & Tremblay sells 154,991 s/f Webster Plaza for $18.593 million
November 22, 2022
Webster, NY Jeremy Black, Bob Horvath, and Todd Tremblay of Horvath & Tremblay have completed the sale of Webster Plaza. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $18,593,750.
Bestreich, Sproviero, Lobel, and Waring of Investment Property Realty Group close 22-units for $9.6 ...
November 22, 2022
Brooklyn, NY Investment Property Realty Group (IPRG) negotiated the closing of 1627, 1629, 1631 Pacific St. for $9.6 million. 1627 Pacific St. is built 21 ft. x 60 ft., 1629 Pacific St. is built 25 ft. x 60 ft., and 1631 Pacific St. is built 21 ft. x 60 ft.
Fisher Bros. leases 11,439 s/f at 299 Park Ave.
November 22, 2022
Manhattan, NY According to Fisher Brothers, Freeman Spogli & Co. has signed a 10-year lease renewal at 299 Park Ave. in Midtown. Freeman Spogli & Co., a private equity firm and current tenant of 299, will expand its current lease to occupy 11,439 s/f on the 20th floor starting
Cosentino of TerraCRG sells 5,000 s/f multifamily - $1.28 million
November 22, 2022
Brooklyn, NY TerraCRG has closed on the $1.28 million sale of a 5,000 s/f multifamily property at 232 Stanhope St. in Bushwick.TerraCRG partner Matt Cosentino exclusively represented the seller on this deal.
DePasquale of Katz & Assocs. brokers two leases
November 22, 2022
Queens, NY Katz & Associates’ Daniel DePasquale represented landlords in two leases: • 42-19 Bell Blvd in Bayside. On behalf of the landlord Paulipark Associates, LLC leased 6,000 s/f to Teso Life. This is the Japanese
RIPCO and Compass broker Topdrawer lease for 1,097 s/f at 155 Spring St.
November 22, 2022
Manhattan, NY Topdrawer, a Japanese/American company inked a deal for a 1,097 s/f store at KPG’s 155 Spring St. RIPCO Real Estate’s Richard Skulnik represented KPG in the deal. Compass’s Rebecca Olshan represented the tenant.
Schertz of Schuckman Realty sells 215 West 109th St. for $7 million
November 22, 2022
Manhattan, NY Schuckman Realty brokered the sale of a multi-family building at 215 West 109th St., in the Manhattan Valley neighborhood. The building, which is located at the corner of Broadway and Amsterdam Ave. sold for $7 million.
Guarino and Flaccomio of ERG Commercial arrange $2.1 million refinancing
November 22, 2022
Central Islip, NY ERG Commercial Real Estate, through an affiliate, arranged the funding of a $2.1 million refinance loan secured by two commercial strip shopping centers on Long Island. The single-story buildings at 861 & 889 Lowell Ave.
Commercial leasehold condominium basics - part 2 - by Thomas Kearns
November 22, 2022
A 2018 column of mine for this publication outlined the basics of commercial leasehold condominiums but that article was limited to the use of an entire building by a not-for-profit (NFP) which leasehold interest was then submitted by the NFP to a condominium regime. This month I describe a more complex structure – how to get the benefits
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