NEW YORK CITY — Internet service provider Pilot Fiber NY LLC has signed an office lease expansion at One World Trade Center in Lower Manhattan. The tenant now occupies 12,456 square feet on the 46th floor of the 3.1 million-square-foot skyscraper. Michael Thomas and Taylor Bell of Colliers represented Pilot Fiber in the lease negotiations. David Falk, Peter Shimkin, Hal Stein, Jason Greenstein and Nathan Kropp of Newmark, along with internal agents Eric Engelhardt and Karen Rose represented the landlord, a partnership between The Durst Organization and The Port Authority of New York & New Jersey.
NEW YORK CITY — Fitness club 54D has opened a 7,000-square-foot gym on the ground floor of 125 West 25th Street, a 12-story building in Manhattan. Westbuilt Construction Managers and architecture firm THIRLWALL completed the $2.2 million renovation and build-out of the space. The project team also included Mija Architecture, Criterion Acoustics, NY Engineers and Stys Hospitality Initiative, the owner’s representative.
NEW YORK CITY — New York Cares, a nonprofit organization that coordinates volunteer opportunities throughout the city, has signed an 8,280-square-foot office lease at 39 Broadway in Manhattan’s Financial District. The 447,400-square-foot building is also home to tenants such as Waterfront Commission of New York Harbor and Food Bank for New York City. Carri Lyon and Jenna Catalon of Cushman & Wakefield represented the tenant in the lease negotiations. Brian Siegel of The Lawrence Group represented the landlord, Cammeby’s Management Co. LLC.
Walker & Dunlop Provides $35.6M Agency Loan for Refinancing of Brooklyn Affordable Housing Portfolio
NEW YORK CITY — Walker & Dunlop has provided a $35.6 million Fannie Mae loan for the refinancing of a portfolio of eight affordable housing buildings totaling 251 units in Brooklyn’s Williamsburg neighborhood. Frank Cassidy and John Gilmore of Walker & Dunlop worked alongside New York City Housing Preservation & Development and the New York City Housing Authority to secure the financing, which was structured with a fixed interest rate, 35-year amortization schedule and five years of interest-only payments. The borrower, Grower Housing Development Fund Corp., will use $8 million of the proceeds to fund capital improvements and preserve the portfolio’s affordability status.
NEW YORK CITY — Locally based brokerage firm Rosewood Realty Group has arranged the $13.5 million sale of a 21-unit multifamily building located at 14 Bedford St. in Manhattan’s West Village. The six-story building was originally constructed in 1900 and includes two ground-floor commercial spaces. Aaron Jungreis, Ben Khakshoor and Alex Fuchs of Rosewood Realty Group represented the seller, private investor Michael Laub, in the transaction. The trio also procured the buyer, Wharton Properties.
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.