Tuesday, September 9, 2025
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240-Bedford-Ave.-Brooklyn
LoansNew YorkNortheastRetail

Newmark Arranges $90M Loan for Refinancing of Brooklyn Shopping Center

by Taylor Williams

NEW YORK CITY — Newmark has arranged a $90 million loan for the refinancing of a 181,000-square-foot shopping center located at 240 Bedford Ave. in Brooklyn’s Williamsburg neighborhood. The center is home to tenants such as Whole Foods Market, Equinox, Chipotle, Citibank and T-Mobile. Dustin Stolly, Jordan Roeschlaub, Daniel Fromm, Benjamin Kroll and Alexander Saslove of Newmark arranged the loan through Apollo Global Management. The borrower was a joint venture between Aurora Capital Associates, Midtown Equities and ACHS Management.

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AcquisitionsIndustrialNew YorkNortheastTop Stories

CBRE Arranges $146M Sale of Light Industrial Portfolio Adjacent to JFK International Airport

by Kristin Harlow

INWOOD, N.Y. — CBRE has arranged the sale of a portfolio of light industrial properties situated adjacent to JFK International Airport in the Long Island borough of Inwood for $146 million. A partnership between Onyx Acquisition IV LLC and Starwood purchased the portfolio from limited liability companies controlled by the Elias family. Situated on 18 acres, the portfolio comprises 10 buildings totaling 500,708 square feet. The properties include: 95 Inip Drive, 90 Inip Drive, 71 Inip Drive, 55 Inip Drive, 41 Inip Drive, 100 Inip Drive, 40 Inip Drive, 475 Doughty Blvd. and 447-453 Doughty Blvd. Brian Fiumara and Martin Lomazow led the CBRE team that brokered the transaction. Allan Elias is the executive who represented the family interests. The transaction marks the first time in 50 years that the portfolio was marketed for sale, according to Lomazow. Ben Elias Industries Corp., a discount clothing distributor that occupied much of the portfolio, ceased operations last year. Fiumara says the portfolio offers a value-add opportunity as well as unrivaled accessibility to consumers, infrastructure and labor. — Kristin Harlow

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AcquisitionsMultifamilyNew YorkNortheast

Ariel Property Advisors Negotiates $4.9M Sale of Multifamily Development Site in The Bronx

by Taylor Williams

NEW YORK CITY — Locally based brokerage firm Ariel Property Advisors has negotiated the $4.9 million sale of a multifamily development site in the Mott Haven area of The Bronx that can support 77,750 buildable square feet. The site at 431-439 Concord Ave. comprises two contiguous lots in a Qualified Opportunity Zone that were recently rezoned to support affordable housing usage. Daniel Mahfar, Victor Sozio and Jason Gold of Ariel Property Advisors brokered the deal. The buyer and seller were not disclosed.

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Leasing ActivityNew YorkNortheastOffice

Pilot Fiber NY Signs 12,456 SF Office Lease Expansion in Lower Manhattan

by Taylor Williams

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.

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Leasing ActivityNew YorkNortheastRetail

54D Opens 7,000 SF Fitness Club in Manhattan

by Taylor Williams

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.

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Leasing ActivityNew YorkNortheastOffice

New York Cares Signs 8,280 SF Office Lease at 39 Broadway in Manhattan

by Taylor Williams

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.

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Affordable HousingLoansMultifamilyNew YorkNortheastWalker & Dunlop

Walker & Dunlop Provides $35.6M Agency Loan for Refinancing of Brooklyn Affordable Housing Portfolio

by Taylor Williams

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.

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14-Bedford-St.-Manhattan
AcquisitionsMultifamilyNew YorkNortheast

Rosewood Realty Arranges $13.5M Sale of Manhattan Multifamily Building

by Taylor Williams

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.

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DevelopmentIndustrialNew YorkNortheastSelf-Storage

SecureSpace Self Storage Opens New Facility in Queens

by Taylor Williams

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.

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AcquisitionsMultifamilyNew YorkNortheast

View Living Sells Multifamily Property in Westchester County, New York for $14.4M

by Taylor Williams

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.

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