NEW YORK CITY — Stonehenge NYC has acquired an 88-unit multifamily property at 780 Greenwich St. in between Bank and Bethune streets in Manhattan’s West Village. The six-story, pet-friendly building was originally constructed in 1950 and spans 70,000 square feet. The deal traded off-market, and the seller and sales price were not disclosed. Stonehenge will also manage the property.
BRENTWOOD, N.Y. — New Jersey-based investment firm Faropoint has acquired a 24,000-square-foot industrial building in the Long Island community of Brentwood. The sales price was $4.9 million. According to LoopNet Inc., the property at 180 Heartland Blvd. was built on two acres in 1986 and features a clear height of 18 feet and 1,000 square feet of office space. The seller was not disclosed.
NEW YORK CITY — Meadow Partners, an investment firm with offices in New York and London, has purchased an 89-unit multifamily property in Manhattan’s East Village for $58 million. The adjacent buildings at 305 E. 11th St. and 310 E. 12th St. were originally constructed in 1940 and are connected by an 11,000-square-foot courtyard. Units come in studio, one- and two-bedroom floor plans. An affiliate of Cerberus Capital Management provided debt financing to support the acquisition.
JAMESTOWN AND FREWSBURG, N.Y. — Dwight Mortgage Trust has provided a $27 million bridge loan for the acquisition of a portfolio of four seniors housing properties totaling 293 beds in Western New York. The facilities are located in Jamestown and Frewsburg and offer memory care and assisted living services. Dwight’s Josh Levin originated the financing on behalf of the borrower, Culture Care Senior Living.
WOODBURY, N.Y. — Day-Op Center of Long Island, which provides minor outpatient surgical procedures, has signed a13,233-square-foot healthcare lease at 225 Froehlich Farm Blvd. in Woodbury. The tenant will occupy the entirety of the freestanding building, which is located just off the Long Island Expressway. Timothy Parlante of The Feil Organization internally represented the landlord, which acquired the property in 2018. Eric Launer and Dawn Mirko of JLL represented the tenant.
NEW YORK CITY — Locally based brokerage firm Rosewood Realty Group has negotiated the $9 million sale of two contiguous apartment buildings in Brooklyn’s Williamsburg neighborhood. The four-story buildings were originally constructed in 1900 and total 16 units. Mike Kerwin and Shaun Rose of Rosewood Realty represented the buyer, New York City-based Peak Capital Advisors, in the off-market transaction. Sarah Sawyer of Compass represented the seller, an undisclosed family office.
NEW YORK CITY — U.S. audit, tax and advisory firm KPMG has unveiled plans to relocate its headquarters to Two Manhattan West, a new office building under construction in Midtown Manhattan’s West Side neighborhood. The 58-story tower is part of Brookfield Properties’ 7 million-square-foot Manhattan West mixed-use development. KPMG’s new space at Two Manhattan West is slated for completion in late 2025. The firm will relocate its roughly 5,500 New York-based employees and lease approximately 450,000 square feet. The new lease signing represents a more than 40 percent decrease in KPMG’s existing New York office space, according to The Wall Street Journal. The newspaper reports that KPMG is pursuing a hybrid work strategy where employees are expected to gather at company or client offices on some days. The firm is following suit of a number of companies that have downsized office footprints in exchange for nicer space following the pandemic. KPMG currently occupies space at 345 Park Ave., its headquarters, as well as 560 Lexington Ave. and 1350 Sixth Ave. The firm has been based in New York City since its inception in 1897. “As we celebrate our 125th anniversary and think about our firm’s future, this is an incredible …
MIDDLETOWN, N.Y. — Marcus & Millichap has brokered the sale of two hotels totaling 261 rooms in Middletown, located about 75 miles north of New York City in the Hudson Valley region. The Hampton Inn and Courtyard by Marriott sold for a combined price of $34 million. Andrew Kern and Jerry Swon of Marcus & Millichap represented the seller, a limited liability company, in the transaction and procured the locally based buyer. Both parties requested anonymity.
NEW YORK CITY — Meridian Capital Group has arranged a $147 million loan for the refinancing of three New York City self-storage facilities. The names and unit counts of the facilities, all of which were built in 2017, were not disclosed. Drew Anderman and Ben Nevid of Meridian Capital arranged the loan through Slate Asset Management on behalf of the borrower, Saratoga Springs-based Prime Group.
NEW YORK CITY — Regions Bank has provided an undisclosed amount of financing for a 255-unit transformational housing project in Brooklyn. Nonprofit housing operator HELP USA is leading the development, which will consist of two buildings with 184 and 71 units. Of those, 154 residences will be reserved for individuals who meet the homeless and substance abuse criteria for housing. The site will eventually house four buildings and span a full city block along Blake Avenue. BNY Mellon has also provided $62 million in equity for the project. A construction timeline was not disclosed.