NEW YORK CITY — FilmRise, a digital distribution company, has acquired office space at Industrial City in Brooklyn’s Sunset Park neighborhood. Located at 34 35th St., the 5,000-square-foot space was designed by Lester Evan Tour and features a large open floor space, bare ceilings, the original restored 100-year-old wood floors and more than 30 windows overlooking the New York City Harbor and the Statue of Liberty.
WHITE PLAINS, N.Y. — The Daten Group, along with its co-developer Lighthouse Enterprises, is opening three residential buildings in White Plains. The properties will bring more than 100 new apartment units to the city. The properties include the 56-unit La Gianna at 10 DeKalb Avenue, the 24-unit The Dylan at 42 Waller Avenue and the 23-unit The Reed at 115 N. Broadway. On-site amenities include doormen, fitness centers, media rooms, children’s playrooms, playgrounds, barbecue areas and covered parking. The units feature modern, upscale, open layouts with hardwood floors, master bathrooms with double sink vanities, full-size vented washers and dryers, custom Italian kitchens with modern stainless steel appliances, ceasarstone countertops, large bedrooms and closet space. Residents starting moving into La Gianna in October and The Dylan and The Reed will be available for occupancy in December. Rental fees start at $2,050 for studios, $2,300 for one bedrooms and $2,775 for two bedrooms.
NEW YORK CITY — KeyBank Real Estate Capital has closed an $80.5 million loan for Hutch Tower II in the Bronx. Constructed in 2014, the 278,133-square-foot medical office building was built for Montefiore Medical Center. Peter Rand and Robert Williams of KeyBank secured the non-recourse, fixed-rate CMBS loan, which will be used to retire a construction loan with M&T.
WEST NYACK, N.Y. — CBRE Group has brokered the sale of an industrial property, located at 100 Brook Hill Drive in West Nyack, for $36 million. The 490,795-square-foot building is fully air-conditioned and features 24- to 26-foot clear heights and 6,200 amps of electric service. Jeffrey Dunne, Kevin Welsh, Brian Schulz, Frank Maresca, Michael Hines, Brian Fiumara, Brad Ruppel, James Tully of CBRE represented the sellers, Robert Martin Co. and MAG Real Estate Advisors, in the transaction. Additionally, the CBRE team procured the buyer, Diamond Properties.
NEW YORK CITY — GFI Realty Services has brokered the sale of a five-building multifamily portfolio in the Bronx. The portfolio, which consists of 206 units, sold for $24 million or $117,000 per unit. The adjacent properties are located at 922-926, 932-934, 938-940 and 944 Bronx Park South and 2137 Vyse Ave. Shulem Paneth and Eli Matyas of GFI Realty Services represented the buyer, while Yosef Katz, also of GFI Realty, represented the seller, Rising Development-BPS LLC, in the transaction.
The New York Capital Region’s industrial market has experienced strong growth over the past 24 months, and promises a continued pattern of growth for the next 12 to 24 months. As the office market in the central business district struggles to right itself fueled by the State’s tenuous occupancy of numerous privately held properties, the industrial marketplace has flourished with extended commitments from existing users and the entrance of new users. Upstate New York is making a name for itself in the nanotech industry, and a great deal of national and international attention has been drawn to the region. In addition to activity driven by high-tech companies, national distribution and manufacturing groups have committed to the region or have focused their site searches in the Capital District. The most significant job creation mechanism in the region has been the nanotech industry. Billions of private and public sector money has been invested since 2010 into Luther Forest Technology Campus in Malta, N.Y., as well as SUNY Polytechnic Institute (also known as the Colleges of Nanoscale Science and Engineering). These facilities have placed our region firmly on the international map and have transformed the appearance of New York’s Capital Region. The strongest …
NEW YORK CITY — New York-based ABS Partners Real Estate has invested $10 million for a capital improvement campaign at 915 Broadway, a 20-story office/retail property located at the southwest corner of 21st Street and Broadway in New York City. The firm tapped GKV and Javier Delagarza Architecture to design new corridors, high-end restrooms, high-grade lighting, elliptical ductwork, and well-appointed pantries. Additionally, the upgrades include full-glass office fronts, wood floors and open ceilings. Renovations took place on the fifth floor, after which the entire floor was leased to tenants, including Path Interactive and Gradian. Now work has commenced on the tenth floor.
YORKTOWN HEIGHTS, N.Y. — Houlihan-Parnes Realtors has placed an acquisition loan and credit facility totaling $13.2 million on two properties in Yorktown Heights. Located at 2649-2651 Strang Blvd., the corporate park contains a total of 209,078 square feet of rentable office space, which will be managed and leased by GHP Office Realty. The interest-only loan, which was placed with a local bank, features a 3.875 percent interest rate for three years, a renewal option and a flexible pre-pay schedule. Kelly Houlihan-Buckley and James Houlihan of Houlihan-Parnes secured the financing. John Hughes and James Maloney of Great American Title arranged the title. Elizabeth Smith of Goldberg Weprin Finkel Goldstein LLP provided legal counsel to the undisclosed borrower. GHP Office Realty is the office building division of Houlihan-Parnes Realtors LLC.
NEW YORK CITY — TerraCRG has brokered the sale of a three-building mixed-use portfolio in Brooklyn’s Prospect Lefferts Gardens neighborhood. The buildings sold for $4.75 million or $284 per square foot. Located at 608-612 Flatbush Ave., the 16,749-square-foot portfolio offers 21 residential units and three commercial spaces. Adam Hess, Sam Shalumov, Chris Pechlivanides and Edward Setton of TerraCRG handled the transaction.
NEW YORK CITY — Alpha Realty has brokered the sale of Nameoke Street, a four-story apartment building located in the Far Rockaway section of Queens. The asset sold for $1.75 million or $102,941 per unit. The 13,912-square-foot asset features 17 apartment units. The seller was a private long-term owner and the buyer was a private investor from Brooklyn. Lev Mavashev and Jacob Aronov of Alpha Realty arranged the off-market transaction.