News: Brokerage

GCP Captial Group closes nine mortgages totaling $32.258 million

GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $32.258 million for the following nine properties: * $5 million for a five-story apartment building containing 15 apartments, located in Manhattan. Adam Hakim, senior associate of GCP, arranged the financing. * $4.763 million for a six-story apartment building containing 26 apartments, located on West 113th St. in Manhattan. Paul Greenbaum, managing member of GCP, arranged the financing. * $4.5 million for a package of four two-story garden apartment buildings containing a total of 77 apartments, located in the Throgs Neck section of the Bronx. Matthew Classi, managing member of GCP, arranged the financing. * $4.235 million for a six-story apartment building containing 19 apartments and community facility, located on 28th St. in Astoria. Matthew Albano, senior broker of GCP, arranged the financing. * $4.025 million for a six-story apartment building containing 56 apartments, located on Carroll Place in the Bronx. Adam Brostovski, principal of GCP, arranged the financing. * $2.985 million for a five-story apartment building containing 57 apartments, located on Webb Ave. in the Bronx. Brostovski arranged the financing. * $2.4 million for a two-story commercial building containing six retail tenants, located on Coney Island Ave. in Brooklyn. Greenbaum arranged the financing. * $2.35 million for a five-story apartment building containing 29 apartments, located on West 171st St. in Manhattan. Louis Perlmutter, senior associate of GCP, arranged the financing. * $2 million for a four-story apartment building containing 25 apartments and one ground floor retail unit, located on Junius St. in Brooklyn. Greenbaum arranged the financing.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

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.
Strategic pause - by Shallini Mehra and Chirag Doshi

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

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

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,