February 21 - March 6, 2017

Digital Edition


Brooklyn, NY Klosed Properties has completed the purchase of 173 Classon Ave., a multifamily building in the Clinton Hill neighborhood. The building includes six three-bedroom apartments. The building will be delivered with three occupied units and three vacant units. The purchase price was $2.75 million. Ryan Powers-Tapp, director of acquisitions said, “We are still looking…Read More

  New York, NY NYREJ recently sat down with Shimon Shkury, founder and president of Ariel Property Advisors, a New York City investment real estate services and advisory company, who shared key highlights from his firm’s newly released, “Multifamily Year in Review New York City: 2016.” Q: How did the multifamily market perform in 2016? A: The New York…Read More

Manhattan, NY Besen & Associates completed the sale of 180 East 111th St. in the East Harlem neighborhood. Raunaq Singh, of Besen, was retained for the exclusive listing of the property and represented the seller. The multifamily property is a 3-story walkup building with four residential units. The sale price of $1.9 million was achieved after…Read More

Manhattan, NY According to Alpha Realty, the firm has completed the sale of 530 West 136th St. in the Hamilton Heights neighborhood for $14.5 million. Managing partners Glenn Raff and Lev Mavashev represented the sellers while Alpha’s Scott Schwartz represented the buyer. The deal achieved a $349 per s/f and a 3.5% cap rate. The…Read More

Brooklyn, NY Besen & Associates has completed the sale of 213 North 7th St. in the Williamsburg neighborhood for $4.45 million. Matthew Garcia was the sole broker in the transaction.  Located between Driggs & Roebling, and 100 ft. from the Bedford Ave. subway station entrance, the property is in the epicenter of North Williamsburg.  It…Read More

Amherst, NY Hunt Mortgage Group provided two Fannie Mae loans to finance the acquisition of two multifamily properties. The loans were provided to the same sponsor and the properties were acquired concurrently. The total investment is $7.5 million. Loan terms include a 10-year including two-years of interest-only, followed by a 30-year amortization. The properties: •…Read More

Kingston, NY According to The Kislak Co., Inc., the firm has completed the sale of Camelot Manor and Parkview Terrace Apartments, located at 1 Millers Ln. The two multifamily properties contain a total of 68 units and were fully occupied at closing. The sale price was $4.25 million. Vice president Janet Bortz represented the seller…Read More

NYREJ recently sat down with Shimon Shkury, president of Ariel Property Advisors, an investment real estate services and advisory company, who shared key highlights from his firm’s newly released “Multifamily Quarter In Review New York City: 3Q 2016.” Q: How is New York City’s multifamily market performing as we head into the end of the…Read More

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