Tarter Krinsky & Drogin represents Cayuga in $27 million sale of 44 Berry Street

Tarter Krinsky & Drogin represented Cayuga Capital Management LLC in the sale of 44 Berry St. to ING Clarion Partners for $27 million. Located in the Williamsburg neighborhood, 44 Berry St. is a 54,000 s/f, six-story, 42-loft unit rental apartment building that includes six retail businesses on the ground floor. Originally built in 1919, this warehouse property was successfully repositioned and converted into a mixed-use property by Cayuga. The retail spaces include two award-winning restaurants; a popular bar called The Whiskey Brooklyn; a record store; and, one of the neighborhood's only dry cleaning establishments. TKD Partner David Pfeffer, who co-chairs the firm's Construction Practice Group, represents Cayuga in all of their real estate development projects. For 44 Berry St., which Cayuga acquired in 2007 when it was a vacant warehouse, Pfeffer assisted in corporate partnership matters; financing of the acquisition and redevelopment; securing city tax incentives; zoning matters; construction contract negotiations; leasing of residential and retail space; and, the ultimate sale of the completed and fully leased property to ING Clarion. Tarter Krinsky & Drogin LLP is a full-service law firm dedicated to smart counsel and strong client relationships. It offers the diverse practice areas of a large firm, coupled with superior service and personal attention. It is distinguished by the breadth and depth of its experience and by a level of sophistication unusual for a firm of its size. ###