Market Rate Housing - New York

  • Airbnb Intensifies Gentrification Across NYC Communities: Report

    According to a ShareBetter coalition report, short-term rentals have removed as many as 13,500 housing units yearly, with 66 percent of revenue being derived from illegal listings.

    02 February 2018 14:33
  • JV Restructures Partnership for Brooklyn Redevelopment

    Greenland USA and Forest City Realty Trust reached an agreement to extend Greenland's ownership interest to 95 from 70 percent and decrease Forest City's interest to 5 from 30 percent for its Pacific Park Brooklyn mixed-use project.

    16 January 2018 18:15
  • Berkadia Secures $40M Refi for NJ Community

    The 752-unit Brookchester Apartments is a garden-style community in New Milford, N.J., located 20 minutes from New York City.

    15 January 2018 14:50
  • Brooklyn Community Lands $92M

    Greystone Bassuk arranged the 10-year permanent loan with Union Bank on behalf of The Hudson Cos. for The Parkline, a 254-unit building located in Prospect Lefferts Gardens.

    03 January 2018 15:55
  • Long Island Apartments Sell for $8M

    Cushman & Wakefield represented the seller of three-story property, which was was built in 1959 and is located within walking distance of public transportation and retail options.

    18 December 2017 15:31
  • Henley USA Acquires Queens Apartments for $23M

    The company plans to renovate the 56-unit property in Jackson Heights, including upgrades to the heating systems and updating common areas.

    13 December 2017 14:55
  • Jonathan Rose Begins Leasing Brooklyn Community

    Caesura, named after a pause in the middle of a line of music or poetry, features 123 studios and one- and two-bedroom apartments, in addition to 34 furnished micro units. Move-ins will begin in February 2018.

    12 December 2017 17:20
  • Stamford Community Commands $67M

    TH Real Estate sold The Wescott Apartments in Stamford, Conn., to a New Jersey-based investor, while Pensam Residential and Freddie Mac provided a preferred equity investment to facilitate the acquisition.

    11 December 2017 22:17
  • LichtensteinRE Closes $11M All Cash Sale

    The off-market sale of the renovated multifamily property in the Bronx’s Tremont neighborhood offers an excellent investment opportunity as rents increase.

    08 December 2017 20:36
  • Brooklyn Development Lands $15M

    The bridge loan will finance a three-building development of residential units over street-level retail in an accessible part of the city’s Bedford-Stuyvesant neighborhood.

    08 December 2017 20:14
  • Brooklyn Residential Tower Lands $218M Refi

    Located in Brooklyn Cultural District Fort Greene, the Gotham Organization's 586-unit Ashland offers residents a wide range of amenities, including a 17,000-square-foot Gotham Market.

    09 November 2017 15:34
  • Meridian Sells Brooklyn Community for $18M

    The firm sold the 60-unit, post-war building to S. Antonio Realty. The average unit size is 1,050 square feet.

    08 November 2017 15:49
  • Greystar Nabs NJ Community for $70M

    Cushman & Wakefield represented the seller, Invesco Real Estate, in the disposition of the amenity-filled, 115-unit property located in Hoboken, N.J.

    03 November 2017 14:09
  • Jehovah’s Witnesses Sells Historic Brooklyn Asset

    Formerly a hotel known as “the aristocrat of Brooklyn Heights,” the 295-unit The Towers will be redeveloped into Brooklyn’s first luxury senior housing community.

    02 November 2017 15:28
  • LeFrak Completes $70M Reno of Queens Community

    The firm's five-year capital improvement program has come to an end, bringing the 4,600-unit, 20-building LeFrak City community to a new level with a series of infrastructure and amenity upgrades.

    10 October 2017 14:46