Brian Sykes

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    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.

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    Stadium Village had an average rental rate of $2,776 per unit as of September. Preferred Campus Management will manage the business and operations for the joint venture.

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    The firm acquired a 42-unit building in Hamilton Heights, making it the owner of 37 percent of the residential properties along a five-block stretch of Broadway.

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    Scheduled to open in the fall of 2019, the 140-unit project will be located near the heart of the city's business district.

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  • Real Money

    A billion here, a billion there, and pretty soon you’re talking real money,” Everett Dirksen once said, and the legendary lion of the Senate would have to admit that $3.4 billion is a nice chunk of change. That’s how much multifamily property owners could save every year through energy efficiency upgrades, according to a 2016 estimate by the American Council for an Energy-Efficient Economy.

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