Sunday, November 2, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

New York

309-164th-St.-Bronx
AcquisitionsMultifamilyNew YorkNortheast

Ariel Property Advisors Arranges $33.6M Sale of South Bronx Multifamily Portfolio

by Taylor Williams

NEW YORK CITY — Locally based brokerage firm Ariel Property Advisors has arranged the $33.6 million sale of a portfolio of six South Bronx multifamily buildings totaling 297 units. The portfolio consists of 14 studios, 67 one-bedroom apartments, 196 two-bedroom units, 19 three-bedroom residences and one office space. Victor Sozio, Shimon Shkury, Daniel Mahfar and Jason Gold of Ariel represented the undisclosed seller in the transaction. The buyer was a partnership between PH Realty Capital & Rockledge.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityNew YorkNortheastOffice

CBRE Negotiates 14,375 SF Office Lease at 535 Madison in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — CBRE has negotiated a 14,375-square-foot office lease at 535 Madison Avenue in Midtown Manhattan. Steve Siegel, Craig Reicher, Tim Dempsey, Ramneek Rikhy and Marlee Tepliztky of CBRE represented the tenant, locally based law firm Fried Frank, in the lease negotiations. The tenant, which has committed to a 15-year term, plans to relocate from The Seagram Building to the 37-story tower in early 2024. Brian Gell and Laurence Briody, also with CBRE, represented the landlord, Park Tower Group.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialNew YorkNortheastSelf-Storage

Maya Capital, Artemis Buy 1,120-Unit Self-Storage Facility in New Rochelle, New York

by Taylor Williams

NEW ROCHELLE, N.Y. — A joint venture between Maya Capital Partners and Artemis Real Estate Partners has purchased a 1,120-unit self-storage facility in New Rochelle, a northern suburb of New York City. The newly constructed, four-story building totals 96,693 net rentable square feet of climate-controlled space. Dustin Stolly and Jordan Roeschlaub of Newmark arranged the $300 million joint venture between the two East Coast-based firms, which will exclusively target self-storage properties in the Northeast.

Continue Reading
FacebookTwitterLinkedinEmail
Affordable HousingLoansMultifamilyNew YorkNortheast

Bellwether Enterprise Provides $11.7M in Agency Financing for Mixed-Income Complex in The Bronx

by Taylor Williams

NEW YORK CITY — Bellwether Enterprise Real Estate Capital has provided an $11.7 million Freddie Mac permanent loan for Bronxview at Serviam, a newly constructed mixed-income complex located at 2885 Marion Ave. The eight-story building houses 26 one-bedroom units, 66 two-bedroom apartments and 22 three-bedroom residences. Jim Gillespie of Bellwether Enterprise originated the financing on behalf of the borrower, Fordham Bedford Housing Corp. The loan carried a 30-year term and a fixed interest rate.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMultifamilyNew YorkNortheast

Diversified Properties Breaks Ground on 81-Unit Multifamily Project in New Windsor, New York

by Taylor Williams

NEW WINDSOR, N.Y. — New Jersey-based developer Diversified Properties has broken ground on Stonegate at New Windsor, an 81-unit multifamily project in New Windsor, about 70 miles north of New York City. The site at 435 Little Britain Road is directly across from Lake Washington. Designed by Thomas Brennan Architects, the property will feature a mix of studio, one-, two- and three-bedroom units, as well as a lounge and a fitness center. Completion is scheduled for July 2023.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsNew YorkNortheastNorthmarqRestaurantRetail

Northmarq Arranges $7.6M Sale of Restaurant Property in Huntington, New York

by Taylor Williams

HUNTINGTON, N.Y. — Northmarq has arranged the $7.6 million sale of a 4,996-square-foot restaurant property located in the Long Island community of Huntington. The newly built restaurant sits on 2.5 acres and is leased to Chick-fil-A. A shopping center owner and developer based in Westchester County sold the property to a New York-based 1031 exchange investor. Maggie Holmes and Mike Sladich of Northmarq brokered the deal. The deal traded at a cap rate of 3.68 percent.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityNew YorkNortheastRetail

Adidas Signs 30,639 SF Retail Lease Renewal at 610 Broadway in Manhattan

by Taylor Williams

NEW YORK CITY — Adidas has signed a 30,639-square-foot retail lease renewal at its flagship store at 610 Broadway in Manhattan’s SoHo neighborhood. The sportswear giant has committed to the three-story space for an additional 10 years. The six-story building was originally built in 2004 and predominantly houses office space. JLL represented the landlord, LaSalle Investment Management, in the lease negotiations. Adidas was represented internally.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityNew YorkNortheastOffice

Anchin Signs 45,673 SF Office Headquarters Lease at 3 Times Square in Midtown Manhattan

by Taylor Williams

NEW YORK CITY —Accounting firm Anchin, Block & Anchin has signed a 45,673-square-foot office headquarters lease at 3 Times Square in Midtown Manhattan. The 30-story building, which was originally constructed in 2001 as the headquarters for Reuters, is currently undergoing a multimillion-dollar renovation. Michael Cohen, Andrew Roos, Jessica Verdi and Mac Roos of Colliers represented Anchin, which plans to relocate from 1375 Broadway next fall, in the lease negotiations. John Cefaly, Lou D’Avanzo, Ron Lo Russo, Heather Thomas and Paige Engeldrum of Cushman & Wakefield, along with internal agent Tom Keating, represented the landlord, Rudin.

Continue Reading
FacebookTwitterLinkedinEmail
208-216-King-St.-Port-Chester-New-York
DevelopmentMultifamilyNew YorkNortheast

Regency Commercial Receives Approval for 185-Unit Multifamily Project in Port Chester, New York

by Taylor Williams

PORT CHESTER, N.Y. — Locally based developer Regency Commercial has received site plan approval from the Village of Port Chester, located about 30 miles north of Manhattan, for a 185-unit multifamily project. The site spans 221,000 square feet at 208-216 King St. The 12-story building will house studio, one-, two- and three-bedroom units, and amenities will include a rooftop pool, resident lounge, coworking spaces, fitness center and a dog park. About 10 percent of the apartments will be earmarked as affordable housing. Regency is now seeking a partner to either take over or co-develop the property.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMixed-UseNew YorkNortheastTop Stories

JLL Brokers $825M Sale of Upper East Side Mixed-Use Portfolio in New York City

by Jeff Shaw

NEW YORK CITY — JLL has arranged the $825 million sale of three Upper East Side multifamily properties totaling 858 units. The properties include 29,275 square feet of commercial space and are part of a larger, five-property portfolio. Solow Building Co. sold the assets to GO Partners, a partnership between Black Spruce Management and Orbach Affordable Housing. Local developer RXR, along with Macquarie Capital Principal Finance and the Qatar Investment Authority, contributed a $261 million preferred equity investment to the deal. Sheldon H. Solow, a New York City real estate developer and investor, originally developed the portfolio. The properties included in the sale are the 234-unit One Sutton Place, located at 420 E. 61st St.; the 209-unit Two Sutton Place, located at 1113 York Ave., which includes 2,000 square feet of commercial space; and One East River Place, located at 525 E. 72nd St. and includes 27,275 square feet of commercial space. The average unit size at the properties is 989 square feet. Additionally, the portfolio offers some of the few black glass facade residential buildings within Manhattan. The 408-unit property 685 1st Ave. was the first asset to close within the larger portfolio, with JLL representing the seller. An …

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts