Northeast

Dwight Mortgage Trust Provides $70M Construction Loan for Harlem Multifamily Project

by Taylor Williams November 21, 2025

NEW YORK CITY — Dwight Mortgage Trust, the affiliate REIT of New York City-based Dwight Capital, has provided a $70 million construction loan for a proposed 180-unit multifamily project that will be located at 33-35 W. 125th St. in Harlem. The property will offer a mix of studio, one- and two-bedroom units, 30 percent of which will be reserved as affordable housing. Amenities will include a fitness center, rooftop terrace, lounge and a library, and the property will also house 17,440 square feet of commercial space. Keith Hoffman led the transaction for Dwight. The borrower is Irgang Group.

November 21, 2025

Acquisitions Multifamily New York Northeast

Kislak Arranges $3.2M Sale of Jefferson Garden Apartments in Monticello, New York

by Taylor Williams November 21, 2025

MONTICELLO, N.Y. — Locally based brokerage firm The Kislak Co. Inc. has arranged the $3.2 million sale of Jefferson Garden Apartments, a 76-unit multifamily complex in Monticello, about 100 miles north of New York City. Completed in 1969 and last renovated in 2023, the garden-style property consists of seven buildings that house two studios, 47 one-bedroom apartments, 18 two-bedroom residences and nine three-bedroom units. Janet Bortz of Kislak represented the buyer and seller in the transaction.

November 21, 2025

Industrial Leasing Activity New Jersey Northeast

Resource Realty Negotiates 48,100 SF Industrial Lease Renewal in Fairfield, New Jersey

by Taylor Williams November 21, 2025

FAIRFIELD, N.J. — Locally based brokerage firm Resource Realty of Northern New Jersey has negotiated a 48,100-square-foot industrial lease renewal in Fairfield. According to propertyshark.com, the building at 19 Daniel Road was originally constructed on 3.1 acres in 1968. Greg Sabato of Resource Realty represented the tenant, locally based freight company Best-Way-Trucking, in the lease negotiations. Sabato also represented the undisclosed landlord.

November 21, 2025

Industrial Leasing Activity Massachusetts Northeast

PEAK Events Signs 16,000 SF Industrial Lease in Andover, Massachusetts

by Taylor Williams November 21, 2025

ANDOVER, MASS. — PEAK Events has signed a 16,000-square-foot industrial lease in Andover, located north of Boston. The regional event equipment provider is taking space at 4 Executive Place, a 168,000-square-foot building, alongside Red Thread, which recently leased 96,000 square feet of space within the building. Locally based investment and development firm Marcus Partners owns the building. Both parties were self-represented in the lease negotiations.

November 21, 2025

Civic Leasing Activity New York Northeast

TADA Youth Theater Renews 10,000 SF Lease in Manhattan’s NoMad District

by Taylor Williams November 21, 2025

NEW YORK CITY — TADA Youth Theater has renewed its 10,000-square-foot lease at 15 W. 28th St. in Manhattan’s NoMad district. The community program that produces original musicals for family audiences and hosts musical classes has occupied space at the building since 2002, and the renewal keeps the tenant in place for another five years. Josh Berger of Norman Bobrow & Co. represented the tenant in the lease negotiations. David Eshagpour represented the landlord, East Coast Management, on an internal basis.

November 21, 2025

Development Multifamily Northeast Pennsylvania

Federal Realty, CBG Begin Leasing 217-Unit Multifamily Redevelopment in Metro Philadelphia

by Taylor Williams November 20, 2025

BALA CYNWYD, PA. — Federal Realty Investment Trust (NYSE: FRT) and CBG Building Co. have begun leasing Blayr, a 217-unit multifamily redevelopment project in Bala Cynwyd, a northwestern suburb of Philadelphia. The project, which represents the second phase of a larger redevelopment known as Bala Cynwyd on City Avenue, is a conversion of the former 120,000-square-foot Lord & Taylor department store into an apartment complex with 16,000 square feet of ground-floor retail space. Units come in studio, one-, two- and three-bedroom floor plans. Amenities include an outdoor pool, a golf and multisport simulator and a courtyard with grills and gathering spaces. Federal Realty received zoning approval for the project in February 2024, broke ground a few months later and topped off the project this spring. The first move-ins are scheduled for March.

November 20, 2025

Loans Multifamily New York Northeast

FM Capital Arranges $32.5M in Financing for Upstate New York Multifamily Portfolio

by Taylor Williams November 20, 2025

ROCHESTER, N.Y. — FM Capital, a financial intermediary based in South Florida, has arranged $32.5 million in bridge financing for a portfolio of four multifamily properties totaling 385 units in the Rochester area. The portfolio consists of Community Manor Apartments, Hamlet Court Apartments, Lakewood Manor Apartments and Valley Brook Townhomes, which collectively span about 32 acres. Noam Temchin of FM Capital arranged the floating-rate financing through Sheridan Capital. The borrower was not disclosed.

November 20, 2025

Acquisitions New Jersey Northeast Retail

Marcus & Millichap Brokers $5.2M Sale of Retail Strip Center in Paterson, New Jersey

by Taylor Williams November 20, 2025

PATERSON, N.J. — Marcus & Millichap has brokered the $5.2 million sale of a 12,892-square-foot retail strip center in the Northern New Jersey community of Paterson. The center at 385 McLean Blvd. was fully leased at the time of sale to Bank of America, Wingstop, Krauszer’s, Tony’s Bagels, Mina Place and Crispy Beauty. Alan Cafiero, David Cafiero and John Moroz of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

November 20, 2025

Leasing Activity New York Northeast Office

Kinderhook Industries Signs Office Lease Expansion in Midtown Manhattan

by Taylor Williams November 20, 2025

NEW YORK CITY — Kinderhook Industries has signed an office lease expansion at 505 Fifth Avenue in Midtown Manhattan. The private investment firm inked a 10-year deal for the entire 24th floor, which brings its footprint at the 26-story building to 21,752 square feet across two full floors. Paul Glickman, Diana Biasotti and Harrison Potter of JLL represented the landlord, Stawski Partners, in the lease negotiation. Alexander Chudnoff and Kate Roush, also with JLL, represented Kinderhook Industries.

November 20, 2025

Acquisitions Healthcare New York Northeast Retail

Cooper Commercial Negotiates Sale of Medtail Clinic in Cheektowaga, New York

by Taylor Williams November 20, 2025

CHEEKTOWAGA, N.Y. — Cleveland-based brokerage firm Cooper Commercial Investment Group has negotiated the sale of a medtail clinic in Cheektowaga, located just east of Buffalo, that is occupied by cannabis dispenser Verilife. According to LoopNet Inc., the facility at 3760 Union Road was built in 1989 and spans 3,606 square feet. Dan Cooper of Cooper Commercial represented the undisclosed, New York-based seller in the transaction. The buyer was also not disclosed.

November 20, 2025

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