Category: Brokerage

Klosed Properties acquires five-story walk-up near Fordham University for $5.5 million

Klosed Properties acquires five-story walk-up near Fordham University for $5.5 million

September 3, 2020
Bronx, NY Klosed Properties acquired 558 East 191st St. from Michele Giacinto, who had owned the property for almost 50 years. The five-story walk-up in the Belmont/Fordham neighborhood
NYC Local Law 11 explained - by Michael Rogoff

NYC Local Law 11 explained - by Michael Rogoff

August 27, 2020
The NYC Façade Inspection Safety Program (FISP), also known as Local Law 11, requires NYC buildings taller than six stories to have their facades inspected and repaired every five years. The law was recently enhanced in order to
Asset Preservation to offer free CE webinars in September for 1031 advisors, attorneys, CPAs and RE professionals

Asset Preservation to offer free CE webinars in September for 1031 advisors, attorneys, CPAs and RE ...

August 25, 2020
New York, NY Asset Preservation will be offering a series of free webinars that qualify for CE credits in September. Pamela Michaels, Esq., senior VP of Asset Preservation, Inc. will lead the presentations, which are open to the public. Topics this month include ethics, parking arrangements, 1031 stratgies, and entity issues.
Phillips of Largo secures industrial warehouse funding totaling $4.6 million

Phillips of Largo secures industrial warehouse funding totaling $4.6 million

August 25, 2020
Buffalo, NY Jack Phillips, principal of the Largo Group of Cos., arranged permanent financing for a 55,000 s/f, single tenant, industrial warehouse building. The $4.6 million loan featured
The Kulka Group launches Kulka Interactive publishing platform

The Kulka Group launches Kulka Interactive publishing platform

August 25, 2020
Hauppauge, NY The Kulka Group has launched Kulka Interactive, a media platform for thought leaders across the region designed to share expertise and grow business opportunities. Focused on the subject areas of business, real estate, technology and culture founding contributors to Kulka Interactive include industry leaders such as
Darouvar, Setareh, Sarraf and Sabet of Venture Capital Properties handle $7.5m sale in East Harlem

Darouvar, Setareh, Sarraf and Sabet of Venture Capital Properties handle $7.5m sale in East Harlem

August 18, 2020
Manhattan, NY Kevin Darouvar, Uriel Setareh, Yoel Sarraf and Ryan Sabet of Venture Capital Properties represented The Helen Altheim Stevens Management Trust in a $7.5 million sale of two adjacent five-story mixed-use assets located at 1904-1906 3rd Ave.
Sparks of GFI reps buyer in $11.9 million sale of two Staten Island buildings

Sparks of GFI reps buyer in $11.9 million sale of two Staten Island buildings

August 18, 2020
Staten Island, NY GFI Realty Services, LLC completed the sale of 100 Belmont Pl. and 101 Daniel Low Terr., two six-story elevator apartment buildings occupying a single lot in the St. George neighborhood. The sale price was
LIHC Investment Group and Rockport Mortgage close $65 million financing

LIHC Investment Group and Rockport Mortgage close $65 million financing

August 18, 2020
Manhattan, NY LIHC Investment Group and Rockport Mortgage Corp. closed a $65 million FHA Section 223(f) refinancing loan for Renwick Garden Apartments, a 224-unit subsidized Section 8 property supporting many elderly and
The Kalikow Group closes $25.5M refinance for multifamily mixed-use community; Arbor Realty Trust is lender

The Kalikow Group closes $25.5M refinance for multifamily mixed-use community; Arbor Realty Trust is...

August 18, 2020
Morrisville, NC The Kalikow Group closed on a $25.5 million bridge loan to refinance Grace Park mixed-use community. The lender is Arbor Realty Trust, Inc. Precise financial terms were not disclosed.
Friedman-Roth Realty broker two sales; includes $7.5m deal by Inglese and Haque

Friedman-Roth Realty broker two sales; includes $7.5m deal by Inglese and Haque

August 18, 2020
New York, NY According to Friedman-Roth Realty Services, the firm has completed two sales totaling $12.175 million. The sale of an East Village apartment building located at 17 East 7th St. The five-story walk-up includes
Lendlease, L+M secure Daiwa House as equity partner for 100 Claremont

Lendlease, L+M secure Daiwa House as equity partner for 100 Claremont

August 18, 2020
Manhattan, NY Lendlease and L+M have brought on a new joint venture partner, Daiwa House Texas Inc., to create a new mixed-use development at 100 Claremont Avenue. The project, designed by
Black Bear Capital Partners arrange $62.019 million for FTERE

Black Bear Capital Partners arrange $62.019 million for FTERE

August 18, 2020
Bronx, NY According to Black Bear Capital Partners (BBCP), a real estate financial advisory firm and subsidiary of Black Bear Asset Management, it has arranged $62.019 million in permanent financing on behalf of