March 21 - April 3, 2017

Digital Edition


Livingston, NJ Gebroe-Hammer Associates has boosted its standing as the region’s top multifamily investment firm by kicking off the first two months of 2017 with more than 1,700 units sold, signaling multifamily’s enduring reign as the commercial real estate investment asset of choice. In total, the firm’s market specialists arranged over $376 million in sales…Read More

Queens, NY Meridian Capital Group arranged $10.7 million in financing for the refinance of a multifamily property located in the Flushing neighborhood. The seven-year loan, provided by a balance sheet lender, features a competitive fixed rate of 3.13%. This transaction was negotiated by Meridian vice presidents, Eli Serebrowski and Jacob Schmuckler. The property, located at…Read More

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

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