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JLL Negotiates $31M Sale of Brooklyn Mixed-Use Property

Taylor Williams — Mon, 12 Oct 2026 14:04:58 +0000

NEW YORK CITY — JLL has negotiated the $31 million sale of Kingswood Center, a 226,130-square-foot mixed-use property in Brooklyn’s Midwood neighborhood. Kingswood Center is a three-story building that includes retail space that is anchored by T.J. Maxx in addition to a 257-space parking garage. Ethan Stanton, Michael Mazzara and Brendan Maddigan of JLL represented the seller, Midland Loan Services, in the transaction. Scott Aiese and Alex Staikos, also with JLL, arranged acquisition financing on behalf of the buyer, Bridges Development Group.

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Marcus & Millichap Brokers $16.6M Sale of Manhattan Apartment Building

Taylor Williams — Mon, 12 Oct 2026 14:01:32 +0000

NEW YORK CITY — Marcus & Millichap has brokered the $16.6 million sale of 312 Bowery, a 22-unit apartment building in Manhattan’s NoHo neighborhood. The five-story building, which includes a 3,900-square-foot commercial space that is leased to an art gallery, was originally constructed in 1920 and converted to residential use in 2004. John Stewart and Dylan Torey of Marcus & Millichap represented the seller, Bremen House Inc., in the transaction and procured the buyer, Allied Realty & Development Corp.

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Northmarq Arranges $15M Loan for Refinancing of Queens Shopping Center

Taylor Williams — Fri, 09 Oct 2026 15:22:41 +0000

NEW YORK CITY — Northmarq has arranged a $15 million loan for the refinancing of the 34,949-square-foot Atlantic Plaza Shopping Center in Queens. The center, which is located in the borough’s Ozone Park neighborhood, was built in 1984 and is home to tenants such as Bravo Supermarkets, Lenox Hill Radiology, Four Leaf Federal Credit Union and Dunkin’. Robert Delitsky and Keith Braddish of Northmarq arranged the loan through an undisclosed commercial bank on behalf of the owner, Schuckman Realty Inc.

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Ariel Property Advisors Negotiates $45M Sale of Upper Manhattan Affordable Housing Portfolio

Taylor Williams — Wed, 07 Oct 2026 14:34:45 +0000

NEW YORK CITY — Locally based brokerage firm Ariel Property Advisors has negotiated the $45 million sale of Hudson View II and III, a four-building affordable housing portfolio in Upper Manhattan. The building are located at 520 W. 145th St., 528 W. 145th St., 1704 Amsterdam Ave. and 502-504 W. 145th St. and comprise 129 Section 8 residential units and 11 retail spaces. Victor Sozio, Shimon Shkury and Remi Mandell of Ariel represented the undisclosed seller in the transaction. The name and representative of the buyer were also not disclosed.

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Marcus & Millichap Brokers $5.3M Sale of Shopping Center in Waterloo, New York

Taylor Williams — Wed, 07 Oct 2026 14:11:45 +0000

WATERLOO, N.Y. — Marcus & Millichap has brokered the $5.3 million sale of Tops Plaza at Seneca Falls, a 122,799-square-foot shopping center in Waterloo, about 40 miles west of Syracuse. Built on 34 acres in 1960, the center comprises 12 units and was fully leased at the time of sale. Tenants include Tops Market and AutoZone. Joseph French and Kodi Traver of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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Department of War Signs 23,600 SF Office Lease in Carle Place, New York

Taylor Williams — Wed, 07 Oct 2026 14:08:04 +0000

CARLE PLACE, N.Y. — The U.S. Department of War has signed a 10-year, 23,600-square-foot office lease in Carle Place, located on Long Island. The space is located within the 320,000-square-foot, newly repositioned building at 1 Old Country Road, and the federal cabinet plans to take occupancy early next year. Kelly Koukou of Lee & Associates represented the landlord, DBD Realty Group, in the lease negotiations. Ralph Guiffre, Vince Lamatta and Richard Freel of CBRE represented the tenant.

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Tishman Speyer Returns to Manhattan’s Chrysler Building With 150-Year Ground Lease, $235M Investment

John Nelson — Wed, 07 Oct 2026 12:00:00 +0000

NEW YORK CITY — Tishman Speyer has entered into a 150-year ground lease agreement for the Chrysler Building, with plans to invest $235 million in restorations to the landmark Manhattan office tower at 405 Lexington Ave. New York City-based Tishman Speyer is joined in the transaction by multiple global institutional partners, with the Public Sector Pension Investment Board (PSP Investments) serving as lead investor. Ground-rent fees, which have not been disclosed, will be paid to the landowner, The Cooper Union for the Advancement of Science and Art, a private college in New York’s East Village. Opening in 1930, the 1.3 million-square-foot, 77-story tower was built to house the Chrysler Corp. and features decorative elements inspired by automobile parts, including eagle gargoyles modeled after the hood ornament on the 1929 Plymouth. Tishman Speyer and its partners will use 100 percent equity to finance the ground lease and redevelopment. Plans call for new amenities on the 61st floor featuring a lounge with outdoor access and food-and-beverage offerings. Fitness, wellness and meeting spaces will be situated in the building’s underground arcade, which connects to Grand Central Terminal and Manhattan’s subway system. The renovation investment will also cover restoration of the façade and the…

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Ariel Property Advisors Arranges $11M Sale of Mixed-Use Development Site in Brooklyn

Taylor Williams — Tue, 06 Oct 2026 13:15:04 +0000

NEW YORK CITY — Ariel Property Advisors has arranged the $11 million sale of a mixed-use development site in the Gowanus area of Brooklyn. The transit-served site at 604 Union St. formerly housed the Dinosaur Bar-B-Que restaurant and can support 41,406 square feet of buildable product. Sean Kelly, Stephen Vorvolakos and Nicole Daniggelis of Ariel brokered the deal. The buyer, Zelig Weiss, and seller, Simon Vays, are both local developers and investors.

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Walker & Dunlop Arranges $170.5M Loan for Refinancing of Harlem Apartment Community

Taylor Williams — Mon, 05 Oct 2026 13:24:09 +0000

NEW YORK CITY — Walker & Dunlop has arranged a $170.5 million permanent loan for the refinancing of Lenox Terrace, a 1,696-unit apartment community in Harlem. Opened in 1958, Lenox Terrace primarily offers rent-restricted residences that are housed across six 16-story buildings. Amenities include landscaped green spaces, a dog park and a playground. Jonathan Schwartz, Aaron Appel, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, Michael Ianno and Cody Ela of Walker & Dunlop arranged the loan through Chase Commercial Bank on behalf of the owner, The Olnick Organization.

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Sterling Organization Nears Completion of 100,000 SF Industrial Project in The Bronx

Taylor Williams — Fri, 02 Oct 2026 14:57:07 +0000

NEW YORK CITY — West Palm Beach-based developer Sterling Organization is nearing completion of a 100,000-square-foot industrial project in the Hunts Point neighborhood of The Bronx. The facility at 307 Bruckner Blvd. comprises 46,000 square feet of covered fleet parking and storage space beneath a 46,000-square-foot warehouse that has a clear height of 36 feet, as well as an 8,200-square-foot mezzanine space. Additional features include four loading docks, two drive-in doors and future expansion capabilities. JLL is marketing the facility for lease.

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JLL Arranges $41.1M Construction Loan for Long Island Seniors Housing Project

Taylor Williams — Thu, 01 Oct 2026 14:10:09 +0000

EAST ISLIP, N.Y. — JLL has arranged a $41.1 million construction loan for Benchmark at East Islip, a seniors housing project on Long Island. Benchmark at East Islip will offer 64 assisted living units and 26 memory care apartments across 104 licensed beds. Amenities will include multiple dining venues, a theater, fitness center, salon and various outdoor spaces. Jim Dooley led the JLL team that arranged the debt on behalf of the borrower, a joint venture between National Development and an affiliate of Benchmark Senior Living. The direct lender was not disclosed. Construction is underway and expected to be complete in early 2028.

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Northmarq Places $13.5M in Financing for Retail Property in Middle Island, New York

Taylor Williams — Thu, 01 Oct 2026 13:53:08 +0000

MIDDLE ISLAND, N.Y. — Northmarq has placed $13.5 million in financing for Strathmore Commons Shopping Mall, a 146,381-square-foot retail property in the Long Island community of Middle Island. Built in 1991, Strathmore Commons is a grocery-anchored center that is also home to tenants such as McDonald’s, Giunta’s Meat Farms, NYU Langone Health, Gold’s Gym, Subway, Dollar Tree and Carvel. Robert Delitsky and Dylan Hamer of Northmarq arranged the financing through WoodmenLife on behalf of the undisclosed borrower.

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Sunrise Senior Living Acquires Development Site on Long Island for $7.5M

Taylor Williams — Thu, 01 Oct 2026 13:45:16 +0000

OCEANSIDE, N.Y. — Sunrise Senior Living has acquired a 2.8-acre development site in the Long Island community of Oceanside for $7.5 million, with plans to develop an 84-unit assisted living and memory care facility. Kelly Koukou of Lee & Associates represented Sunrise in the land acquisition. Marlon Matza of Strategic Realty Advisors represented the seller, a partnership between Grossman Nurseries and Breslin Development. A construction timeline was not disclosed.

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JLL Arranges $75M in Financing for Industrial Park in Medford, New York

Taylor Williams — Wed, 30 Sep 2026 13:59:45 +0000

MEDFORD, N.Y. — JLL has arranged $75 million in financing for Rechler Business District, a master-planned industrial business park in Medford, located on Long Island. Rechler Business District encompasses a newly constructed, 140,875-square-foot logistics facility that is fully leased, 9.8 acres of industrial outdoor storage (IOS) space that are also fully leased and approximately 45 acres of shovel-ready land. Peter Rotchford and Tyler Peck of JLL arranged the financing through AllianceBernstein on behalf of the owner, Rechler Equity Partners.

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Ariel Property Advisors Negotiates $75M Sale of Two Manhattan Apartment Buildings

Taylor Williams — Wed, 30 Sep 2026 13:49:31 +0000

NEW YORK CITY — Locally based brokerage firm Ariel Property Advisors has negotiated the $75 million sale of two Section 8 apartment buildings totaling 126 units in Manhattan. The properties are located at 200 Manhattan Ave. and 133 W. 104th St. in the Manhattan Valley area on the borough’s Upper West Side. Victor Sozio, Shimon Shkury and Remi Mandell of Ariel represented the undisclosed seller in the transaction. The name and representative of the buyer were also not disclosed.

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Loeb & Loeb Signs 18,908 SF Office Lease Expansion, Extension in Midtown Manhattan

Taylor Williams — Wed, 30 Sep 2026 13:43:36 +0000

NEW YORK CITY — Loeb & Loeb has signed an 18,908-square-foot office lease expansion and 16-year extension at 345 Park Avenue in Midtown Manhattan. The law firm is taking partial space on the 13th floor of the 1.9 million-square-foot building, where it has been a tenant since 1993, bringing its total footprint to 178,959 square feet. Lewis Miller, Ken Rapp, Michael Wellen and Alex Kucera of CBRE represented Loeb & Loeb in the lease negotiations. Robert Steinman represented the landlord, Rudin, on an internal basis.

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JLL Negotiates Sale of 405-Unit Self-Storage Facility in Jefferson Valley, New York

Taylor Williams — Tue, 29 Sep 2026 14:23:22 +0000

JEFFERSON VALLEY, N.Y. — JLL has negotiated the sale of a 405-unit self-storage facility in Jefferson Valley, about 50 miles north of New York City. Built on 3.6 acres in 2022, Jefferson Valley Self Storage is a conversion of a former big box retail store that features 55,311 net rentable square feet of space. CubeSmart operates the facility, which was 87 percent occupied at the time of sale. JLL represented the seller, Columbia Pacific Advisors, in the transaction. Horizon Storage Group purchased the facility for an undisclosed price. Andover Lending, a joint venture between Andover Properties and TPG Angelo Gordon, provided acquisition financing for the deal.

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Benchmark Real Estate Receives $44.5M Loan for Refinancing of Manhattan Apartment Building

Taylor Williams — Mon, 28 Sep 2026 13:55:38 +0000

NEW YORK CITY — Locally based owner-operator Benchmark Real Estate Group has received a $44.5 million loan for the refinancing of a 61-unit apartment building located at 194 E. Second St. in Manhattan’s East Village. The six-story building offers a fitness center, resident lounge and landscaped courtyard in addition to 15,450 square feet of retail space that is anchored by convenience store operator Duane Reade. Michael Zaremski, John Flynn and Clayton Ross of JLL arranged the loan through Citi on behalf of Benchmark, which purchased the building in 2024 and implemented capital improvements.

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Charney Cos. Buys 100,000 SF Commercial Building in Brooklyn, Plans Redevelopment

Taylor Williams — Mon, 28 Sep 2026 13:42:38 +0000

NEW YORK CITY — Charney Cos. has purchased a 100,000-square-foot commercial building in Brooklyn’s Williamsburg neighborhood for $20 million with plans to implement a redevelopment. The building at 143 Roebling St., which was vacant at the time of sale, was originally constructed in 1907 and has at times featured retail and residential uses. Ethan Stanton, Brendan Maddigan and Michael Mazzara of JLL represented the seller, Los Angeles-based Calmwater Capital, in the transaction. BH3 Fund Advisors provided acquisition financing for the deal. Charney Cos. did not disclose specific plans for the redevelopment.

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New York Life Provides $386M Loan for Refinancing of Midtown Manhattan Office Building

Taylor Williams — Fri, 25 Sep 2026 14:42:34 +0000

NEW YORK CITY — New York Life Insurance has provided a $386 million loan for the refinancing of 200 Madison Avenue, a 750,000-square-foot office building in Midtown Manhattan. The 26-story building was originally constructed in 1926. Havas Health is the building’s anchor tenant via a 15-year, 254,118-square-foot lease extension and expansion that was signed in August. Other tenants include architecture practice Spectorgroup and boutique law firm BraunHagey & Borden. Jonathan Estreich, Peter Duncan and Egor Petrov of Estreich & Co., along with Adam Spies, Adam Doneger and Willis Robbins of Newmark, arranged the five-year, floating-rate loan. The borrower, George Comfort & Sons, owns the building in partnership with Loeb Partners Realty and Jamestown.

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