Multifamily news in Deals - New York
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Heritage Equity Partners Secures Loan for Brooklyn Project
Madison Realty Capital provided the $53 million financing for construction of the 150-unit development in the South Park Slope neighborhood.
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Luxury New Jersey Community Trades in $84M Deal
Former owner J.P. Morgan Asset Management purchased the 200-unit asset in 2003 from its developer, in a $42 million deal.
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New York Storage Asset Trades for $18M
In 2016, seller and developer DealPoint Merrill financed the 685-unit project in Nanuet with a $6.8 million loan from Standard Insurance.
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Related Acquires Manhattan Affordable Housing for $424M
The Section 8 community and its 490 units in Manhattan’s Lower East Side are fully leased.
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Walker & Dunlop Closes $32M New York Sale
Managing Directors Thomas Walsh and Joseph Garibaldi facilitated the disposition of the 100-unit, transit-oriented luxury community in Port Chester.
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Finkelstein Timberger Secures $186M Bronx Refi
Fannie Mae provided the loan for 16 apartment properties through PGIM Real Estate’s agency lending program.
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Related Cos. Sells Manhattan Luxury Tower for $211M
Cushman & Wakefield represented the seller in its disposition of One Union Square South.
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PEEK Lands Construction Loan for New Jersey Community
The 50-unit Apex Orange Crossing will be located within a qualified Opportunity Zone in the City of Orange, N.J.
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Rockport Mortgage Provides $140M for New Jersey Community
The refinancing loan will extend the affordability of Parkview Towers, a 688-property owned by LIHC Investment Group in West New York.
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Brooklyn Asset Trades for $46M
KKR assumed a $26.2 million Freddie Mac loan as part of its acquisition of the 81-unit Clinton Hill community.
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Inland Real Estate Buys Beachfront Asset in New York
Located on the Long Island’s South Shore, 10 West Apartments in Long Beach, N.Y., last underwent renovations in 2016.
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MAG Partners Secures $173M Construction Loan for Manhattan Property
The financing was provided by Madison Realty Capital and will fund the development of a 480-unit mixed-income project.
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BLDG Management Lands $289M Loan for Manhattan Tower
The owner secured the loan for its 429-unit, partially affordable apartment community in Midtown.
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PRC Group Lands $87M Loan for New Jersey Workforce Housing Portfolio
Walker & Dunlop has arranged the Fannie Mae financing, which will go towards the renovation of three properties.
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Bellwether Enterprise Closes 4 Affordable Housing Loans
The financing totaled $94 million and will help construct and preserve 719 units in Texas and New York City.