THE DEAL SHEET
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| SALES The Listokin family and Fortis Property Group purchased a block-through, 101k SF, as-of-right buildable residential development site at 545-551 W 48th St from a family that had owned the land since the 1920s for $23.5M. Eastern Consolidated’s Alan Miller and David Schechtman brokered the deal, while Milt Wolfson repped the seller. *** Massey Knakal brokered four sales: a block-through development site with 177k SF buildable SF at 131-137 Emerson Pl, Clinton Hill for $13M cash (brokers: Stephen Palmese and Winfield Clifford); a development site with a 6,300 SF building at 30 Henry St, Brooklyn Heights for $3.5M cash (brokers: Palmese and Clifford); two multifamily buildings totaling 12 units at 2044-2048 Nostrand Ave, Brooklyn for $1.2M cash (brokers: Edward Gevinski and Nick Mahedy); and a residential development site with 15k SF buildable SF at 329 Pleasant Ave, East Harlem for $1.1M cash (brokers:Robert Shapiro and Thomas Donovan). *** | |||
| Besen Capital’s Amit Doshi brokered the $4.4M sale of the 43-unit walk-up apartment building at 96 Wadsworth Terrace, Washington Heights/Inwood.***MP Properties purchased the 160k SF office building at 6 Armstrong Rd, Shelton, Conn. from Armstrong Park Associates for an undisclosed price. CBRE’s Jeffrey Dunne, Steven Bardsley, and David Gavin brokered the deal. LEASES Storage Deluxe signed a 32k SF lease at 1235 E Tremont Ave, Bronx. NAI Friedland’s Rick Stassa and Jeff Clinton brokered the deal between the tenant and landlord 1235 East Tremont Realty Corp. *** In addition to its previously announced 28k SF renewal at 44 Wall St,Cullen and Dykman will take an additional 20k SF at the building. Cushman & Wakefield’s Edward Weiss, Josh Kuriloff, Frank Cento, and Edward Donnery repped the tenant, while Keith Lipstein, Jay Kreisberg, and Christina Dermond repped owner ABS Partners in-house. *** Team Detroit, a division of WPP, inked a 12k SF lease at 257 Park Ave South. CBRE’s Sacha Zarba repped the tenant, while Brian Feil and Robert Fisher repped owner The Feil Org in-house. *** NAI Friedland’s retail division closed three deals: Cheng Kamfai’s 5,500 SF lease at 640 E Boston Post Rd, Mamaroneck (tenant reps: NAI’s Rick Stassa and Lou Klein; landlord reps: Aries, Deitch and Endelson’s Bill Hesse for Sobert Realty Corp); Lava New York’s 3,000 SF lease at 388 E Fordham Rd, Bronx (broker: Stassa; landlord: B&G Sportswear); and Little Caeser’s Pizza’s 1,800 SF lease at 3706 Third Ave, Bronx (brokers: Robin Herko and David Scotto; landlord: Royal Farms). *** Dinosaur BBQ inked a long-term, 9,000 SF lease at 604 Union St, Boerum Hill. BCD Concepts repped the tenant, while Kalmon Dolgin Affiliates’ Gary Mayzlin repped the landlord, a local developer. *** | |||
| Savitt Partners’ 530 Seventh Ave saw three deals: Lenzing Fibers’ 3,800 SF lease (tenant rep: Winoker realty’s Evan Lieberman; landlord rep: Bob Savitt and Marc Schoen, in-house); TKANE’s 3,400 SF renewal (brokers: Savitt and Michael Schoen); and Alliance Apparel’s 1,400 SF lease (tenant rep: Marc Schoen; landlord rep: Savitt).***Vesta Partners inked a 3,600 SF lease at 300 First Stamford Pl, Stamford, Conn. (tenant rep: Cushman & Wakefield’s Gerry Lees and Maureen O’Boyle) while TrexQuant Management inked a five-year, 3,100 SF lease at the building (tenant rep: Newmark Grubb Knight Frank’s Brian Carcaterra and James Ritman). Jeffrey Newman, Kimberly Zaccagnino, and Tara Long repped owner Malkin Properties in-house. *** Middle Island Pet Supplies expanded its footprint at the King Kullen Center in Middle Island, Long Island to 5,600 SF. Island Associates’ Roger Delisle brokered the deal. *** CCLC, a division of Knowledge Universe-United States, is opening its second Manhattan early childhood center in 5,500 SF at the base of Four New York Plaza. Newmark Grubb Knight Retail’s Jonathan Krivine repped the tenant, while the owner at the time of closing,Harbor Group International, was repped by Winick Realty’s Lee Block and Darrell Rubens. The property is now owned by HSBC Alternative Investments and Edge Fund Advisors. *** Maxymiser signed a 5,300 SF sublease at 532 Broadway. Winoker Realty’s Howard Epstein repped the tenant, while Cushman & Wakefield’s Clark Finney and Michelle Walker repped the owner. *** Cut and Paste Productions signed a 10-year, 5,300 SF lease at 145 W 28th St. Adams & Co’s Michael Hyrrowitz repped the tenant, while Winoker Realty’s Elliot Klein and Jonathan Ben-Dayan repped the owner. *** Nirvana Solutions inked a seven-year, 3,500 SF lease at 80 Broad St. Redwood Property Group’s Eli Someck repped the tenant, while Newmark Grubb Knight Frank’s Hal Stein, Adam Leshowitz, and Todd Stracci repped owner Savanna. *** Aleutian Capital Partners signed a seven-year, 3,500 SF lease at 100 Wall St. Studley’s Evan Margolin and Lance Leighton repped the tenant, while JLL’s Scott Cahaly, Brian Reiver, and Mitchell Konsker repped owner Savanna. *** The NY Committee for Occupational Safety and Health inked a 1,900 SF lease at 61 Broadway. Denham Wolf’s Amy Lawrence repped the tenant, while David Israni and Mona Huegel repped owner Broad Street Development. *** LD Textiles signed a five-year, 1,700 SF lease at 42 W 38th St. Winoker Realty’s Roy Somrwaru repped the tenant. FINANCING Meridian Capital Group arranged: $15.1M for a 178-unit, two-story multifamily building on Park Drive, Pleasant Valley (arranged by Russ Drebin); $7M on a 66-unit, six-story multifamily on Wadsworth Avenue (arranged by David Hayum); and $5M for five multifamily buildings totaling 922 units in Holbrook and Sayville, Long Island(arranged by Dovid Ostrov). *** Eastern Union Commercial’s Shaya Ackerman arranged: $9.6M to refi a 43-unit residential property in Astoria through Investors Bank for borrower Alma Realty; $9.3M to refi a 54k SF office and retail building in Queens through TD Bank; and a $6.6M construction loan for the acquisition and gut renovation of a 65-unit multifamily property in Brooklyn through Investors Bank for borrower Marcal Group. *** Beech Street Capital provided a $16.9M Fannie Mae conventional loan for the refi of Allerton Avenue, a 144-unit apartment complex in the Bronx. Meridian Capital Group’s David Hayum originated the loan. *** GCP Capita l arranged: $5.6M for a 42k SF neighborhood shopping center in Croton-on-Hudson (arranged by Matthew Classi); $4M for a 48-unit, six-story elevator apartment building on Bogardus Place(arranged by Paul Greenbaum); $2.5M for a 39k SF King Kullen-anchored neighborhood shopping center in Blue Point, Long Island(arranged by Classi); and $2M for a 17-story, 65k SF office building on West 32nd Street (arranged by Adam Brostovski). |
