Northeast

NEW YORK CITY — Beech Street Capital has provided $31.9 million in Fannie Mae conventional loans to refinance a 21-property portfolio of multifamily properties located mostly in the Bronx. The portfolio consists of more than 1,000 units. The refinancing was originated by Meridian Capital Group. Joel Goodman, Tyrone Purdie, Amy Sodeinde and Kanett Curtis, all of Beech Street, underwrote the transaction and Linda Clark of Beech Street acted as the closer. Michael Kesselman and Matt Texler were Meridian’s brokers.

NEW YORK CITY — Marcus & Millichap Real Estate Investment Services has brokered the $8.05 million sale of 203 West 107th Street, a 34,514-square-foot apartment community in New York City. Peter Von Der Ahe and Scott Edelstein of Marcus & Millichap’s Manhattan office represented the buyer, a private investor, and seller, a limited liability company, in the transaction. The asset has a 3.45 percent cap rate. The property is nine stories tall and contains 28 residential units.

PHILADELPHIA — Livingston, N.J.-based Gebroe-Hammer Associates has orchestrated the $2 million sale of a Philadelphia 13-building multifamily portfolio. Gebroe-Hammer’s Eli Rosen represented the buyer and seller in the transaction. The portfolio includes Grand Leiper Apartments, a 52-unit, garden-style complex at 4712 Leiper St. in northeast Philadelphia. A five-unit building comprised of 28 units near Grand Leiper was also included in the transaction. Rosen also finalized the $750,000 sale of 24 units in southwest Philadelphia on Dickens Avenue.

NEW YORK CITY — Massey Knakal has facilitated the sale of a 10,000-square-foot multifamily building on Manhattan’s upper east side. The building is located at 339 East 90th St. and contains 23 units, of which nine are free market and the other 14 are rent-stabilized. The sales price equates to approximately $410 per square foot. Thomas D. Gammino Jr. of Massey Knakal had the exclusive listing of the transaction.