NEW YORK CITY — California-based owner-operator SecureSpace Self Storage has opened a new facility at 131-21 14th Ave. in the College Point area of Queens. The number of units was not disclosed. The facility spans 131,691 net rentable square feet of climate-controlled space. Units range in size from 5 feet by 5 feet to 10 feet by 30 feet. The facility also features a leasing office and AI-enabled cameras and sensors that provide security and monitoring.
CROTON-ON-HUDSON, N.Y. — View Living has sold an 82-unit multifamily property located in the Westchester County community of Croton-on-Hudson for $14.4 million. The three-building property was originally built in 1963 and offers one- and two-bedroom units. Aaron Jungreis of Rosewood Realty Group and Joe Brecher of Gebroe-Hammer Associates represented View Living the transaction. Alan Soclof and Michael Schattner, also with Rosewood Realty, represented the buyer, New York-based owner-operator Unppg Management LLC.
POUGHKEEPSIE, N.Y. — Locally based developer PAZ Management has begun leasing The Flats at Raymond, a 39-unit multifamily project located north of New York City in Poughkeepsie. The property features one- and two-bedroom units ranging in size from 706 to 1,098 square feet. The Flats at Raymond is one of two complexes that comprise the first phase of a larger development known as The Arlington of Poughkeepsie. The second property, a 24-unit adaptive reuse project known as Lofts at The School, began welcoming residents earlier this year and is now 90 percent occupied. Rents at The Flats at Raymond start at $1,975 per month.
NEW YORK CITY — New York City-based Skyline Developers has broken ground on a 97-unit multifamily project at 18 W. 55th St. in Midtown Manhattan. Designed by Morris Adjmi Architects, the building will rise 26 stories and span 152,000 square feet. Goldman Sachs Bank USA provided construction financing for the project, which is slated for a 2025 delivery. Information on floor plans and specific amenities was not disclosed.
DEER PARK, N.Y. — Locally based brokerage firm Island Associates Real Estate has negotiated the $3.4 million sale of a 6,000-square-foot warehouse in the Long Island community of Deer Park. The site at 955 Long Island Ave. was previously used for auto wrecking , inside metal storage and truck repairs. Lawrence Densen and Chris Mayor of Island Associates represented the seller, a family estate, in the transaction. The buyer was a New York City-based construction and scaffolding company.
NEW YORK CITY — Locally based brokerage firm Rosewood Realty Group has arranged the $36.5 million sale of a 15-story mixed-use building located at 159-161 W. 54th St. in Manhattan’s Hell’s Kitchen neighborhood. The building was originally constructed in 1923 and houses 42 apartments, five retail spaces and 11 office suites. Aaron Jungreis, Ben Khakshoor and Alex Fuchs of Rosewood represented the seller, a partnership between private investor Sol Kurtz and Rubin Schron of Cammeby’s International, in the transaction. The trio also procured the buyer, a private family office.
NEW YORK CITY — An affiliate of New Jersey-based intermediary Cronheim Mortgage has arranged a $22 million loan for the refinancing of the 92-room Fairfield Inn & Suiteshotel located at 21 W. 37th St. in Manhattan. Beau Williams and Michael McGuire of Cronheim Mortgage arranged the debt on behalf of the locally based borrower, LAM Management. The direct lender was not disclosed.
NEW YORK CITY — BlueCrest Capital Management, a British-American hedge fund, has signed a 21,640-square-foot office lease at 450 Park Avenue in Midtown Manhattan. The lease term is 15 years, and the space encompasses the entire 30th and 31st floors of the 33-story building. Daniel Posy and Joe Messina of JLL represented the tenant in the lease negotiations. Paul Amrich, Neil King, Alexander D’Amario and Maxwell Tarter of CBRE represented the landlord, SL Green.
NEW ROCHELLE, N.Y. — Locally based developer LCOR is underway on construction of a 307-unit apartment building at 247 North Ave. in New Rochelle, located north of New York City. The 28-story development will include 18,000 square feet of commercial space and offer studio, one- and two-bedroom apartments. Roughly 10 percent (31) of the units will be reserved as affordable housing for renters earning 80 percent or less of the area median income. Bob Tonnessen and Steven Klein of JLL arranged $94 million in construction financing through Pacific Life for the project. Completion is slated for mid-2025.
NEW YORK CITY — Derby Copeland Capital, a locally based lending and investment firm, has provided a $9.8 million acquisition loan for 414-416 West Broadway, a 13,396-square-foot, mixed-use property in Manhattan’s SoHo district. The borrower was not disclosed. The four-story building consists of four newly renovated apartments, one unrenovated apartment, one office suite and a ground-floor retail space with a contiguous basement. Marcus & Millichap brokered the $13.2 million sale of the property on behalf on behalf of the seller, Valroge Corp.