Northeast

200-Water-NYC

NEW YORK CITY — Megalith Capital Management and Urban Realty Partners have launched sales for 200 Water Street, a six-story boutique residential building in Brooklyn’s historic DUMBO neighborhood. The property includes 15 gallery-style condominiums featuring two, three or four bedrooms with expansive windows and up to 14-foot high ceilings. Converted from a former 1950s Brillo steel wool factory, 200 Water was designed by Gil Even-Tsur’s Architecture Workshop and Aufgang Architects. The building’s penthouse feature roof decks, terraces and floor-to-ceilings windows. On-site amenities include a fitness center, landscaped garden, bike storage and a doorman.

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Riverbank-Lofts-New-Bedford-MA

NEW BEDFORD, MASS. — Fantini & Gorga has arranged $13.5 million in permanent financing for Riverbank Lofts, a former mill that was converted to an apartment property in New Bedford. Situated on 6.5 acres, the three-story property features 126 units in a mix of one-, two- and three-bedroom layouts, a 160-vehicle garage, a fitness center and a common room. The units feature high ceilings, exposed wide plank hardwood floors and stainless steel appliances. Derek Coulombe and Jason Cunnane of Fantini & Gorga secured the financing for the undisclosed borrower.

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DUMONT, PALISADES PARK AND BELLEVILLE, N.J. —Redwood Realty Advisors has brokered the sales of three apartment buildings, totaling 49 units and $6.5 million, in New Jersey. In Dumont, a 22-unit apartment building sold for $3 million and a cap rate of 5.9 percent. In Palisades Park, an 11-unit property sold for $2 million, or $184,000 per unit, and a cap rate of 5.7 percent. Finally in Belleville, a 16-unit garden complex property sold for $1.4 million and a cap rate of 6.5 percent. Michael Scrima and Jeremy Wernick of Redwood Realty Advisors handled the transactions. The names of the sellers and buyers were not released.

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ASTORIA, N.Y. — Marcus & Millichap has brokered the sale of an apartment building located at 25-22 38th St. in Astoria. The three-unit apartment building sold for $1.6 million. Shaun Riney, James Saros and Daniel DeGiovanni of Marcus & Millichap’s Brooklyn office represented the seller, a developer, while Riney, Saros, DeGiovanni and Robert Hunter, also of Marcus & Millichap, secured and represented the buyer, a developer, in the transaction.

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NEW YORK CITY — Kalmon Dolgin Affiliates has arranged a 9,000-square-foot lease for Izzy Rodriguez at 2302 Neptune Ave. in Brooklyn’s Coney Island neighborhood. The asset is comprised of a 5,000-square-foot building and a 4,000-square-foot parking lot. The property, which renovated after Superstorm Sandy, also features two portable lifts and air compressors. Izzy Rodriguez specializes in the restoration and refurbishing of exotic cars. Robert Klein of Kalmon Dolgin Affiliates represented the owner, Jeff Cohen, and the tenant, Izzy Rodriguez, in the transaction.

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CAMBRIDGE, MASS. — bluebird bio Inc. has signed a 10-year lease with Alexandria Real Estate Equities Inc. to occupy a 253,000-square-foot, build-to-suit property at 60 Binney St. at Alexandria Center at Kendall Square campus in Cambridge. The lease is for the entire 60 Binney Street building except for a ground-floor retail suite. The project is on track to be delivered in late 2016. bluebird bio, a clinical-stage biotechnology company, plans to relocate its headquarters to the new facility, which will also expand its presence in Cambridge. The Alexandria Center at Kendall Square is a fully integrated urban campus featuring 2.3 million rentable square feet of state-of-the-art office/laboratory space and high-quality amenities, including retail and restaurant facilities, a 33,000-square-foot Cambridge Athletic Club and two acres of open space.

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741-Fulton-St-Brooklyn-NYC

NEW YORK CITY — Marcus & Millichap has arranged the sale of a mixed-use property located at 741 Fulton St. in Brooklyn. BBD Enterprises sold the 2,600-square-foot property, which features multifamily and retail space, for $2.3 million. Dwane Omar Jones represented the seller and the buyer, a local private investment partnership, in the transaction.

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NEW YORK CITY — Fundrise, a platform for crowdfunded online real estate investment, has partnered with 306 7th Street LLC to provide $2 million in funding for an apartment repositioning in Brooklyn’s Park Slope. The partnership has selected JLB Project Management to oversee the three-unit apartment repositioning. Fundrise investors are projected to receive a gross annual return of 11 percent paid current quarterly over an 18-month term. Crowdfunding is the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet. JPB Project Management specializes in high-quality, boutique projects in and around New York City. The firm has completed several similar renovations in the area.

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TJMaxx-NJ

WOODBRIDGE, N.J. — T.J. Maxx has opened a new location at St. Georges Crossing in Woodbridge. Levin Management constructed the freestanding 23,000-square-foot store on an underutilized parcel of land adjacent to the original St. Georges Crossing site. Levin spearheaded the off-market land purchase, secured the T.J. Maxx lease and obtained site plan approval for the new building, which enabled the firm to bring the nationally recognized tenant to the 340,000-square-foot shopping center. Current tenants include ShopRite, P.C. Richard & Son, PetSmart, Pier 1 Imports, Golf Galaxy, Shannon Rose, AutoZone, Bertucci’s, Wine Country, Verizon Wireless, European Wax Center, Visionworks and Taco Bell, among others.

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SHORT HILLS, N.J. — KMPG, a global accounting firm, has signed a long-term lease for 54,341 square feet of office space at 150 John F. Kennedy Parkway in Short Hills. The 247,476-square-foot property, which is owned by Mack-Cali Realty Corp., recently underwent renovations that included the lobby and an enhanced entryway. Amenities at the property feature lobby-level food service and complimentary Wi-Fi in the café and lobby. With the signing of KPMG, 150 John F. Kennedy Parkway is now 100 percent leased. Jeffrey Babikian, Patrick Murphy and Kenneth Boland of CBRE represented the tenant in the transaction.

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