November 15 - December 5, 2016

Digital Edition

New York City

New York, NY The New York Real Estate Journal recently sat down with Rodolpho Miller, director of new development at Quontic Bank. Q: How did you get involved in real estate and finance? Tell us a little about your background. A: I’ve always had a passion for business. I grew up in Bayside, Queens with…Read More

Manhattan, NY Meridian Capital Group has arranged $60 million in permanent financing for the refinance of a mixed-use property located in the Plaza District, on behalf of APF Properties. The seven-year loan, provided by Wells Fargo, features an exceptionally low floating rate and full-term interest-only payments. This transaction was negotiated by Meridian senior managing director,…Read More

Manhattan, NY Cushman & Wakefield’s Robert Burton and Keegan Mehlhorn have sold Whistlepig Associates’ mixed-use multifamily asset at 59 Thompson St., located between Broome and Spring Sts. in the SoHo neighborhood. The all-cash transaction was valued at $21.055 million or $1,315 per s/f. The purchasers were Veracity Equities. The six-story, 15,918 s/f walk-up building is…Read More

Queens, NY According to William O’Connor, president and CEO of O’Connor Capital Partners, his firm has signed a lease with the Queens Council on the Arts (QCA) to occupy the 5,000 s/f community facility space at the Maximilian. The property is a recently completed 188-unit  residential and mixed-use property in Long Island City. O’Connor Capital…Read More

As high rise new construction condominium buildings continue to alter the city’s skyline as well as the real estate market, commercial investors remain focused on finding more traditional income producing assets such as multifamily dwellings and mixed use properties.   These investors range from veteran real estate players continuing to build their portfolio to millennials…Read More

Queens, NY Ariel Property Advisors has closed on the sale of 220-05 Jamaica Ave., a 5,600 s/f commercial building with a full basement in Queens Village. The site sold for $1.025 million, which represents $183 per s/f. Flexible zoning allows for retail, office, and residential use. Exclusive agents Daniel Wechsler, Daniel Tropp, and Michael Tortorici,…Read More

Brooklyn, NY Eastern Consolidated has closed three properties totaling $7.31 million: •  An 8,920 s/f commercial building at 1052 Greene Ave. on the Bedford Stuyvesant/Bushwick border for $2.5 million.Eastern Consolidated director Scott Burk was the exclusive broker representing the seller. He also procured the buyer. “The buyer loved the bones of this building, its high ceilings and enormous basement, and plans…Read More

New York, NY Peter Braus, managing principal, and Richard Kave, managing director of Lee & Associates NYC LLC (Lee NYC) have arranged the sale of 244 East 46th St. for $7.25 million. Located between Second and Third Aves. in Turtle Bay, the five-story, 9,136 s/f mixed-use walk-up has a ground-level, Zagat-rated restaurant tenant, Grifone Restaurant, 15 residential units, and 15,694 s/f of unused air…Read More

Manhattan, NY Eastern Union Funding’s Meir Kessner, senior managing director, and Ira Zlotowitz, president, have arranged a $10.3 million acquisition loan on behalf of ABJ Properties for its $16 million purchase of a six-building portfolio in Harlem. Totaling 82 apartments and six retail spaces, the properties are located at 53-55 West 130th St., 165 West…Read More

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Upcoming Events

  1. Queens Chamber Building Awards & Gala

    December 7 @ 6:00 pm - 9:00 pm
  2. BMAR’s 32nd Annual Holiday Party and Toy Drive

    December 7 @ 6:00 pm - 10:30 pm
  3. LandlordsNY Property Management Symposium

    December 14 @ 8:00 am - 2:00 pm