New York
On the Market: 5 Interesting Listings for the Week of 8/17
This week’s list of properties includes a high-end community in Oakland, Calif.; a vintage asset in the Detroit metro area; and an under-construction mid-rise in Jamaica, N.Y.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in July 2018 in New York City.
Brooklyn Tower Lands $380M Refi
Natixis arranged the loan on behalf of Douglaston Development for Level BK, a 40-story property located along the Williamsburg waterfront. Luxury amenities include an indoor/outdoor pool, a 24-hour business center and a furnished roof deck.
Modern Meets Holistic: Designing Healthy Homes
Integrating green spaces into a community is not just an aesthetics decision. Architects are more and more devoted to designing healthy buildings, that not only please the eye, but also offer a sense of well-being. Brooklyn’s 550 Vanderbilt and 535 Carlton include biophilic elements that bring nature at residents’ doorstep.
Spencer Equity Acquires Brooklyn Section 8 Building for $50M
The 250-unit property in Coney Island was sold by the Orbach Group in a transaction arranged by Rosewood Realty Group.
Roseland Residential Secures $131M for Jersey City Community
New York Life Real Estate Investors arranged the eight-year fixed-rate loan for Marbella Apartments in New Jersey. The 412-unit tower offers access to a spa, a dog run and a full service concierge.
Upstate NY Community Commands $59M
At 761 units across four buildings, Siara Management‘s Nob Hill Apartments is one of the largest communities in Syracuse, N.Y.
Staten Island Skilled Nursing Facility Lands $21M Refi
The new, HUD-insured permanent loan provided by Greystone for the 238-bed skilled nursing facility represents a permanent exit from the prior interim financing.
Manhattan High Line Portfolio Commands $28M
Cushman & Wakefield represented the seller, while JLL secured acquisition financing on behalf of the buyer. The four contiguous buildings comprise 26 apartments and four ground-floor retail units.
Affordable NY Community Lands $20M in Financing
KeyBank secured the loan for the acquisition and development of Mosaic Village in Cohoes. Vecino Group is both the developer and owner of the property.