NEW YORK CITY — A limited liability company has acquired an apartment property located at 2325 Foster Ave. in Brooklyn. The 27-unit property sold for $4.8 million. Derek Bestreich, Lucien Sproviero and Erik Rodriguez of Marcus & Millichap’s Brooklyn office represented the seller, a limited liability company, and the buyer in the transaction.
NEW YORK CITY — Ariel Property Advisors has arranged three multifamily property sales in the Bronx totaling $4.7 million. In the first transaction, a private investor acquired a four-story, 21-unit apartment building located at 868 Faile St. for $2.7 million, or $150 per square foot. The property consists of 15 two-bedroom units and six three-bedroom apartments. In the second deal, a 7,912-square-foot multifamily property located at 614 E. 168th St. sold for $1.2 million, or $160 per square foot. The building features eight two-bedroom apartment units. In the final transaction, a three-story, walk-up building located at 1744 Merrill St. sold for $830,000, or $165 per square foot. The building features three one-bedroom units, four two-bedroom units and a two-car garage. The names of the sellers and buyers in the transactions were not released. Jason Gold, Scot Hirschfield, Michael Tortorici and Marko Agbaba of Ariel Properties Advisors represented the buyers and sellers in the transactions.
NEW YORK CITY — Alpha Realty has brokered the sales of two multifamily properties located in Brooklyn. In the first transaction, Glenn Raff and Jacob Aronov of Alpha Realty negotiated the sale of a property located at 105 Boerum Place in Boerum Hill. The 4,376-square-foot building sold for $2 million, or $457 per square foot. In the second deal, Lev Mavashev and Scott Schwartz of Alpha Realty represented the buyer and seller in the sale of a property located at 145 Somers St. in Ocean Hill. The 7,211-square-foot building sold for $1.1 million, or $208 per square foot.
NEW YORK CITY — Carlton Group has closed a $125 million equity investment from three major Asian investors. The deal will facilitate an $800 million ground-up condominium project in Tribeca located near Goldman Sachs corporate headquarters. This transaction marks the first investment for an Asian insurance company, which is lead investor in the consortium. The investment enabled the closing of a major construction loan provided by one of the top commercial lenders in the United States. Additional terms of the transactions and involved parties were not released.
NEW YORK CITY — Madison Realty Capital has provided $107.2 million in first mortgage financing for the first phase of Fortis Property Group’s acquisition of the Long Island College Hospital (LICH) real estate portfolio in Brooklyn. Collateral for the loan is a mix of former LICH properties comprising 357,000 square feet of retail, medical office and residential space, as well development sites. The properties are located at 91-95 Pacific St., 350-352 Hicks St., 349 Henry St., 112 Pacific St., 82 Amity St., 84 Amity St., 124-134 Atlantic Ave., 113 Congress St., 336 Flatbush Ave. and 184 Sterling Place. Madison Realty provided Fortis with a flexible financing solution to facilitate the acquisition, which is the culmination of a complex, multi-party deal related to the LICH portfolio. David Harte of Ackman-Ziff represented Fortis in the transaction.
NEW YORK CITY — Houlihan-Parnes Realtors has arranged a $1 million loan for a retail property located at 3600-3614 White Plains Road in the Bronx’s Gun Hill section. The 6,500-square-foot property features a 5,335-square-foot building consisting of five retail spaces. The loan was placed with a savings bank at a five-year interest rate of 3.2 percent on a 30-year amortization schedule. Jeremiah Houlihan of Houlihan-Parnes Realtors arranged the loan for the undisclosed borrower.
NEW YORK CITY — Colliers International has arranged a long-term retail lease for 3,295 square feet at 223 E. 59th St. in New York City’s Upper East Side. London-based Savoir Beds will open its first company-owned store in New York at the location this fall. First created for The Savory Hotel in London in 1905, the company’s tailor-made beds are recognized as one of the world’s most luxurious sleeping systems. Peter Simel, James Emden and Timothy Pond of Colliers represented the tenant in the transaction. The name of the landlord was not released. Savior’s U.S. flagship store opened in SoHo earlier this year.
NEW YORK CITY — Target Corp. has signed a 15-year lease with Muss Development for 20,795 square feet of space at 7000 Austin Street, a mixed-use property located in the Forest Hills section of Queens. The new flexible-format store — the first in the city — is slated to open in mid-2016. The two-story Target will feature an assortment of goods tailored to city dwellers, including fresh groceries, a pharmacy, health and beauty necessities, tech accessories, electronics and home goods designed for single-family homes and condos. Target will take the space currently occupied by Barnes & Noble, which declined to exercise an extension option. Additional tenants at the fully leased property include Starbucks Coffee, Men’s Wearhouse, Eddie Bauer, TITLE Boxing Club and T.G.I. Friday’s. Jeffrey Howard and Doug Weinstein of Ripco Real Estate represented Target, while Muss Development had in-house representation for the transaction.
GREAT NECK, N.Y. — Houlihan-Parnes Realtors has arranged a $1.5 million first mortgage loan for an apartment building located at 15 Beach Road in Great Neck. Built in 1950, the three-story building includes 54 apartments, on-site outdoor parking spots, 27 garages, gardens and a courtyard. The seven-year loan, which was placed with a savings bank, features a fixed interest rate of 3.5 percent and a 30-year amortization schedule. Jeremiah Houlihan of Houlihan-Parnes secured the financing for the undisclosed borrower.
NEW YORK CITY — lululemon athletica inc. has leased 6,400 square feet of retail space at 50 Bond St. in New York City’s NoHo district. The athletic apparel company will occupy the space that Eva Scrivo Salon is vacating. The two-level retail unit features 13-foot ceilings on the ground floor and more than 30 feet of frontage on Bond Street. Designed by Cleverdon & Putzel and built in 1896, the property also features six full-floor residential condominiums. The landlord, Thor Equities, recently acquired the retail unit. Terms of the lease were not released. Eva Scrivo Salon is relocating to 5,500 square feet at 193 Fifth Ave. in the Flatiron district.
