NEW YORK CITY — Hobby Lobby has opened a 42,000-square-foot store in Staten Island. The store at 280 Marsh Ave. is the Oklahoma-based arts and crafts retailer’s first in New York City and 25th in New York state. Brian Katz and Daniel DePasquale of Katz & Associates, along with Graeme Keith of The Keith Group, represented Hobby Lobby in the lease negotiations. Brookfield Properties owns the building.
NEW YORK CITY — UpSlide, a provider of automated document solutions, has signed a 10-year, 9,536-square-foot office lease at 10 Grand Central in Midtown Manhattan. UpSlide will lease space on the sixth floor of the building, which was originally constructed in the 1930s and recently underwent a $45 million capital improvement program. Lexie Perticone of Cushman & Wakefield represented UpSlide in the lease negotiations. Mitchell Konsker, Kyle Young, Carlee Palmer, Simon Landmann and Thomas Schwartz of JLL represented the landlord, Marx Realty.
ALBANY, N.Y. — KeyBank has provided an $11.1 million Freddie Mac loan for the refinancing of Astro Apartments, a student housing complex located across the street from the primary campus of State University of New York in Albany. Built in 1998, Astro Apartments consists of two three-story buildings on a 2.4-acre site. According to Apartments.com, the property totals 100 units and offers amenities such as a fitness center, business center, package handling service and onsite laundry facilities. Residences come in studio, one- and two-bedroom floor plans. Dirk Falardeau and Mark Flanders of KeyBank structured the financing on behalf of the borrower, Redburn Development Partners.
BALDWINSVILLE, N.Y. — The Boulder Group has arranged the $4.3 million sale of a 13,625-square-foot retail property in Baldwinsville, located just outside Syracuse, that is net leased to Caliber Collision. The building sits on a 3.8-acre site, and the tenant operates under a 15-year, corporate-guaranteed lease. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer, a Midwest-based investor that acquired the asset via a 1031 exchange, in the transaction. The seller was a Southeast-based developer. Both parties requested anonymity.
ALBANY, N.Y. — KeyBank Real Estate Capital has provided a $14.2 million Fannie Mae loan for the refinancing of 930 on Broadway, an 81-unit workforce housing community in Albany. The four-story building sits on a 1.5-acre site and houses one-, two- and three-bedroom units, as well as 12,155 square feet of commercial space. Half the residences are reserved for households earning 80 percent or less of the area median income. Dirk Falardeau and Mark Flanders of KeyBank arranged the debt on behalf of the borrower, Redburn Development Partners.
NEW YORK CITY — Bedford Stuyvesant New Beginnings Charter School will open a 51,498-square-foot high school facility within a luxury condo building at 217 N. 10th St. in the Williamsburg area of Brooklyn. The lease term is 35 years. The charter school plans to relocate from 82 Lewis Ave. and occupy three of the building’s six floors in advance of the fall 2024 semester. Josh Berger of Norman Bobrow & Co. represented the school in the lease negotiations. Jason Frazier and Jesse de la Rama of CBRE represented the landlord, Largo Development.
YONKERS, N.Y. — SightMD has signed a 9,409-square-foot healthcare lease in Yonkers, a northern suburb of New York City. The provider of ophthalmology services will take space at One Executive Center, a four-story, 133,768-square-foot building. Scott Berfas and Glenn Walsh of Newmark represented the tenant in the lease negotiations. The locally based landlord, Simone Development, was self-represented.
NEW YORK CITY — Slate Property Group has received a $97 million loan for the refinancing of The Yellowstone, a 166-unit multifamily project located in the Forest Hills area of Queens. Designed by Aufgang Architects, the newly built property offers one- and two-bedroom units that range in size from 475 to 950 square feet and feature stainless steel appliances, granite countertops and backsplashes, as well as individual washers and dryers. Select units also have private balconies. Amenities include a fitness center, lounges and a rooftop terrace, and the building’s retail space houses a Trader Joe’s grocery store. Daniel Fromm of Newmark arranged the five-year, fixed-rate loan through Apollo Global Management on behalf of Slate.
NEW YORK CITY — Alchemy Ventures has purchased a 36-unit multifamily property located at 310 W. 80th St. on Manhattan’s Upper West Side for $11.2 million. The six-story building was originally constructed in 1910 and houses an equal mix of studios and one-bedroom apartments. John Stewart and Dylan Torey of Marcus & Millichap represented the seller, an undisclosed private investor, in the transaction and procured Alchemy Ventures as the buyer. ax Herzog and Marko Kazanjian of Institutional Property Advisors, a division of Marcus & Millichap, arranged acquisition financing for the deal.
NEW YORK CITY — Locally based brokerage firm Rosewood Realty Group has arranged the $2.4 million sale of a 27-unit multifamily building at 290 E. 53rd St. in Brooklyn’s East Flatbush area. The four-story walk-up building was originally constructed in 1920. Aaron Jungreis, Ben Khakshoor and Eli Shayestehpour of Rosewood represented the seller, New York-based investment firm Barberry Rose Management, in the transaction and procured the buyer, private investor Mike Kim.