Brooklyn Heights
JLL Arranges Loan Facility for Brooklyn Portfolio Acquisition
JLL Capital Markets arranged $19 million in financing for the Edifice Portfolio, a collection of five recently rehabilitated multifamily properties… Read more
Landau Properties Secures Site, Financing for Brooklyn Heights Mixed-Use
Landau Properties, in partnership with the Mizrachi family’s Third Millennium Group and Midtown Equities, has closed on the purchase of 205 Montague St. in… Read more
Rent-Stabilized Brooklyn Heights Property Trades at 6.2% Cap Rate
Lee & Associates NYC completed the $6.8-million sale of 75 Pierrepont St., a 25,800-square foot, six-story, rent stabilized, residential building… Read more
NYC MF Foundation Plan Filings Fall in March
The Real Estate Board of New York (REBNY) has published its March 2024 Multi-Family Foundation Plan Application Report, shedding light… Read more
Manhattan Avg Resi Rental Price Down 1.6%
Manhattan’s average rental price declined by 1.56% to $4,617 in the last month of 2023, according to MNS’ NYC rental reports.… Read more
Connect Webinar Provides Insiders’ View of Rental Demand Drivers in NY Outer Boroughs
For an indicator of the outer boroughs’ appeal to apartment renters, consider the preferences expressed by Arch Companies’ younger employees.… Read more
USC Closes Brooklyn Heights Loan in Four Days
Abe Cohen, grandson of the Conway Stores co-founder of the same name, has closed on a $2.3-million acquisition loan for… Read more
Urban Standard Capital Arranges Debt on Cobble Hill Deal
Urban Standard Capital (USC) arranged a $3.8-million loan for Conway Capital’s purchase of a four-story Brooklyn building that houses Court Street Bagels,… Read more
Meridian Duo Trades Brooklyn Heights MF at “Premium Pricing”
Meridian Investment Sales’ Amit Doshi and Shallini Mehra reached an $8.3-million deal on 144 Willow St. in Brooklyn Heights. The… Read more
W&D Arranges Refi for Clipper Apartments in Brooklyn Heights
Walker & Dunlop recently arranged $82 million in permanent financing for Clipper Realty’s Clover House, a newly-renovated luxury apartment complex located… Read more
High-End Senior Housing Coming to Brooklyn Heights
The $330-million redevelopment of 21 Clark St. by Watermark Retirement Communities and partner Kayne Anderson Real Estate is proceeding on… Read more
Clipper’s Brooklyn Heights Apts. Garner $82M Refi
Clipper Realty Inc. has agreed to refinance its Clover House apartment property in Brooklyn Heights with an $82-million first mortgage.… Read more
Ariel Arranges Sales in West Harlem, Brooklyn Hts.
Ariel Property Advisors’ Victor Sozio led separate teams representing the sellers in two recent property sales, in West Harlem and… Read more
Carreto Bringing 2nd Grand Canyon Diner to Brooklyn Heights
James Famularo and Eliot Goldschmidt of Meridian Retail Leasing, the retail leasing division of Meridian Capital Group, have arranged a… Read more
SG Blocks Will Partner with Grimshaw on Container-Based Structures
Brooklyn Heights-based SG Blocks, which designs and fabricates container-based structures, has signed a master services agreement with Grimshaw Architects. Under… Read more
Retail Rents Rise Around Brooklyn Development Boom
Retail rents are rising in many Brooklyn neighborhoods. Average asking rents for available ground floor retail spaces rose compared with… Read more