Northeast

NEW YORK CITY — Marcus & Millichap has completed the $6.08 million sale of three properties in the Bronx in New York City. Marco Lala, Dave Raciti and Jack Lala of Marcus & Millichap’s Manhattan office exclusively represented the sellers and the buyers. The first property in the sale is 250 McLean Ave., a 36-unit multifamily building with eight studios, 20 one-bedroom units and eight two-bedroom apartments. The six-story, 30,328-square-foot building sold for $3.4 million. Situated between Carol Avenue and Coyle Place, the building features 10 garages and 18 parking spots and is within close proximity of downtown Yonkers and Riverdale. The second property is a 25-unit multifamily building with 16 one-bedroom units and nine two-bedroom apartments located at 2307 Beaumont Ave. The 20,920-square-foot, 5-story walk-up was sold for $1.6375 million. And the third property was 245 East Mosholu Pkwy. North, a 50-foot by 160-foot lot with approved and delivered plans for an 11-story apartment building with 29 one-bedroom units, five two-bedroom units and one studio apartment. The investor, Promesa Systems Inc., a not-for-profit Bronx real estate organization, received 100 percent financing from the New York City Affordable Housing Acquisition Loan Fund. The 34,250-square-foot lot sold for $1.05 million.

NEW YORK CITY — Marcus & Millichap Capital Corp. has arranged a $5 million loan for the refinancing of a 44-unit apartment building located in the Union Square neighborhood of Manhattan, New York City. In addition to the multifamily units, the building also contains four retail spaces. Sean Mooney of Marcus & Millichap’s Brooklyn office arranged the loan, which includes a 5.75 percent interest rate, non-recourse. The loan carries a 10-year term with a 30-year amortization schedule and a 65 percent loan-to-value ratio. The borrower and lender were not disclosed.

MT. KISCO, N.Y. — Scarsdale, N.Y.-based Goldschmidt & Associates has brokered several sale and lease transactions in Mt. Kisco. First, the company completed the sale of 19 East Main Street, which contains 12 apartments and two retail stores. The property was fully occupied at the time of closing. It was purchased by a local investor for $3.2 million. In addition, a local operator acquired 117 Smith Avenue, a 3,000-square-foot, commercially zoned house, for $500,000. The property had formerly been used as a pediatrician’s office and will be converted to a non-medical use by the new owner. Community Mutual Savings Bank also leased 3,000 square feet at 16 S. Bedford Ave. Finally, Q Restaurant and Mt. Kisco Liquor & Wine leased a total of 5,300 square feet at 487 Main St. Eric Goldschmidt of Goldschmidt & Associates was the sole broker in the first three transactions. Joshua Jacobs, also of Goldschmidt & Associates, represented the landlord in Q Restaurant and Mt. Kisco Liquor & Wine’s leases.

NEW YORK CITY — One Brooklyn Bridge Park, a 438-unit residential building located in Brooklyn, New York City, that was completed in March, has received a 2-year loan extension. In a statement, R.A.L. Companies & Affiliates, the developer of the project, said the extension will allow the company to meet its obligations to its residents, and to fund common charges and real estate taxes on unsold units within the project. R.A.L. has also announced a new pricing structure for the residences. The listing price has been lowered as much as 20 percent, with studio loft units now starting at $545,000. In addition, up to 25 percent of the project’s residences will be marketed as rental units, and some of them will be marketed as rent-to-own. Monthly rents will start at $1,875 for studios and $2,800 per month for one-bedroom units. One Brooklyn Bridge Park is located at 360 Furman St. It comprises the redevelopment of the former Brooklyn Heights distribution center into a residential community. The project is located within the 85-acre Brooklyn Bridge Park, a waterfront public park that is currently under construction along the East River.