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.
VENICE, CALIF. — Sperry Van Ness has brokered the sale of The Venice Rose, a 24-unit apartment building, between two undisclosed parties for $3.8 million in cash. The property, located at 15 Rose Ave. in Venice, was constructed in 1908. The Venice Rose encompasses 13 single units, nine one-bedroom/one-bathroom units and two two-bedroom/one-bathroom units. Kevin N. Sabin and Lev Galitzin of Sperry Van Ness’ Los Angeles office represented the seller.
CHANDLER, ARIZ. — Marty Meagher and Gardiner Champlin of NorthMarq Capital’s San Diego office have secured a $13.72 million loan for the 272-unit Waterside at Ocotillo apartment complex. The property is located at 4800 S. Alma School Rd. in Chandler. The 10-year loan carries a 30-year amortization schedule. AmeriSphere Multifamily Finance provided financing through Fannie Mae.
CHAPEL HILL, N.C. — Jeff Frankel of NorthMarq Capital’s Chicago office has secured a $13.1 million loan for the 240-unit The Pointe at Chapel Hill apartment complex. The property is located at 100 Saluda Court in Chapel Hill. AmeriSphere Multifamily Finance provided financing for the 5-year interest-only loan.
FORT WAYNE, IND. — Southfield, Mich.-based Bernard Financial Group has arranged a $3 million loan for Golf View Apartments in Fort Wayne. The property comprises eight garden-style buildings with 192 multifamily units. The borrower was Village Green of Ft. Wayne LP. The lender was a life insurance company. Bernard will also service the loan.
RHAWNHURST, ORANGE, RAHWAY AND UNION CITY, N.J. — Gebroe-Hammer has closed multiple multifamily sales in New Jersey totaling $6.4 million. In Rhawnhurst, Eli Rosen of Gebroe-Hammer represented both the buyer and seller in the sale of Loretta Arms Apartments. Sold for $1.43 million, the two-and-a-half-story apartment complex features 30 units comprised of a mix of studio and one-bedroom units. David Oropeza, David Jarvis and Greg Pine of Gebroe-Hammer closed the $1.18 million sale of 245 Reynolds Terr. in Orange. Situated in close proximity to the Garden State Parkway, the 17-unit facility features 11 two-bedroom units and six one-bedroom units. In Rahway, Avi Oren and Steven Tenenbaum, also of Gebroe-Hammer, brokered the $600,000 sale of 1300 Fulton St. in Rahway. The new owner plans to upgrade the kitchens and bathrooms throughout the property. In addition, the firm closed three sales totaling $3.2 million in Union City. The sale comprised a combined total of 47 units.
BIG RAPIDS, MICH. — The Detroit Multi-Housing Group of CB Richard Ellis (CBRE) has brokered the sale of Parklane Apartments, a 48-unit multifamily located in Big Rapids. The community, which was built in 1970, consists of four three-story, garden-style buildings situated on 4.7 acres on Fuller Avenue. The apartment units each contain two bedrooms; occupancy was 98 percent at the time of closing. CBRE’s Keith Johnson and Rob Stone represented both undisclosed parties in the transaction. The acquisition price was not disclosed.
JERSEY CITY, N.J. — Hasbrouck Heights, N.J.-based DMR Architects has been selected for an interior rehabilitation project at Mercury, the second phase of the Beacon mixed-use project, located in Jersey City. DMR’s work at Mercury will convert the interior of the 17-story building into 25 live/work artist’s lofts. The luxury units will take up between a half floor and full floor of the building in sizes that range from 3,000 to 6,000 square feet. The exterior restoration work for Mercury has already been completed. In addition, DMR will provide design services for the adjacent Paramount building project. The 22-story building will include 208 residential units, a gym spanning the entire basement level of the building, and a historically preserved theater. Beacon consists of the historic redevelopment of the former Jersey City Medical Center. The project, which is being undertaken by New York City-based Metrovest Equities, will ultimately include 1,200 residential units, parks, retail shop space, screening rooms and a museum devoted to the former medical center.
NEW YORK CITY — New York City-based Massey Knakal Realty Services has arranged the sale of a three-story multi-use building, located at 89-20 Northern Blvd. in New York City, for $1.19 million. The 4,920-square-foot building contains two three-bedroom apartments, two two-bedroom apartments and four street-level retail spaces. Massey Knakal’s Swain Weiner represented the undisclosed seller. The buyer was also not disclosed.