News: Brokerage

Posted: October 27, 2015

GCP Capital Group arranges 16 mortgages totaling $204.889 million

Matthew Albano, GCP Capital Group

Adam Brostovski, GCP Capital Group

Matthew Classi, GCP Capital Group

Paul Greenbaum, GCP Capital Group

New York, NY GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $204.889 million for the following 16 properties:

• $90.2 million in combined financing for a portfolio of 13 multifamily buildings containing 890 apartments and two commercial units in the Bronx. Paul Greenbaum, managing member of GCP, arranged the financing.

• $33 million in combined financing for two six-story multifamily buildings containing a total of 150 apartments and 35,870 s/f of commercial space on Fifth Ave., Manhattan. Adam Brostovski, principal of GCP, arranged the financing.

• $12 million for a six-story multifamily building containing 30 apartments on Thompson St., Manhattan. Greenbaum arranged the financing.

• $9.4 million combined financing for a five-story apartment building with 30 units on College Ave., Bronx and a five-story apartment building with 21 units on West 139^th St., Manhattan. Brostovski arranged the financing.

• $7.826 million for a six-story multifamily building containing 76 apartments on Tiebout Ave., Bronx. Brostovski arranged the financing.

• $7.5 million for a six-story multifamily building containing 74 apartments and 8,100 s/f of office space on Grand Concourse in the Bronx. Brostovski arranged the financing.

• $7 million for a four-story multifamily building containing 37 apartments in the Bushwick section of Brooklyn. Alan Perlmutter, managing member of GCP, arranged the financing.

• $7 million for a four-story residential building containing 38 apartments in the Bushwick section of Brooklyn. Alan Perlmutter arranged the financing.

• $5.5 million in combined financing for two five-story mixed-use buildings containing a total of 39 apartments and six stores in the Belmont and Morris Park sections of the Bronx. Brostovski arranged the financing.

• $5.5 million for a six-story multifamily building containing 48 apartments, located on Nostrand Ave., Brooklyn. Greenbaum arranged the financing.

• $4.763 million for two contiguous five-story buildings containing a total of 23 apartments and two commercial units on Bruckner Blvd., Bronx. Michael Charnowitz, senior associate of GCP, arranged the financing.

• $4.2 million for a five-story multifamily building containing 21 apartments, located on West 150^th St., Manhattan. Brostovski arranged the financing.

• $3.5 million for a six-story multifamily building containing 44 apartments and one commercial unit, located on West 142^nd St., Manhattan. Louis Perlmutter, senior associate of GCP, arranged the financing.

• $3.4 million for a five-story apartment building containing 26 apartments, located on West 172^nd St., Manhattan. Matthew Classi, managing member of GCP, arranged the financing.

• $2.1 million for a four-story building containing three apartments and one ground floor retail tenant, located on Smith St., Brooklyn. Matthew Albano, senior broker of GCP, arranged the financing.

• $2 million for a six-story apartment building containing eight apartments on Stuyvesant Ave., Brooklyn. George Spanos, senior associate of GCP, arranged the financing.

Tags: Brokerage

Reprint

Previous Story Next Story

Meridian Capital Group arranges 10-year retail lease for Mess at 236 West 10th St.

Manhattan, NY According to Meridian Capital Group, Jordan Langer, Noam Aziz and Carson Shahrabani of the firm’s retail leasing team have arranged a five-year lease at 236 West 10^thSt. in Greenwich Village

Houlihan Lawrence Commercial sells residential development site for $2.1 million

Houlihan Lawrence sells development site for $2.1m

GFP Real Estate signs Knit Illustrated to 4,051 s/f five-year lease at 247 West 37th St.

GFP R.E. signs Knit Illustrated to 4,051 s/f at 247 West 37th St.

The Feil Organization signs 15-year, 46,000 s/f renewal with Thompson Coburn LLP at 488 Madison Ave.

Feil signs 46,000 s/f renewal with Thompson Coburn at 488 Madison Ave.

Cushman & Wakefield arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma, LLP

C&W arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Construction Design & Engineering

Aufgang Architects designs two 100% affordable multifamily projects totaling 446 units

Columns and Thought Leadership

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.