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09/12/2018
Blackstone Closes In on Second Largest New York Apartment Deal of 2018
Blackstone is set to swallow up another massive New York apartment complex in a deal that, once completed, would stand as the second largest single multifamily sale in the state this year. Blackstone’s Property Partners vehicle, an open-ended fund...

09/06/2018
Fairfield Properties Driving the Majority of Long Island Apartment Sales Volume in 2018
Fairfield Properties has positioned itself as a major player in the Long Island multifamily investment scene this year. The Melville, New York-based developer was the buyer on four of the six priciest transactions so far in 2018. The company kicked...

08/29/2018
Locally Based Spencer Equity Buys 20-Story Section 8 Housing Complex in Coney Island
Locally based investor Spencer Equity purchased the 20-story Friendset Apartments, a Section 8 Housing complex in Brooklyn’s Coney Island for $50 million, or about $193,000 per unit. Spencer Equity acquired the 259-unit multifamily building from Englewood...

08/23/2018
Boutique Hotel Operator Buys Atlantic Terrace Beach Resort in Montauk for $32.2 Million
New York-based boutique hotel owner and operator Bridgeton Holdings purchased the 96-key Atlantic Terrace beach resort hotel in Montauk, New York, for $32.15 million, or about $335,000 per key. Bridgeton Holdings acquired the oceanfront hotel from...

08/23/2018
Joint Venture Team Snaps Up More Brooklyn Retail Properties
Brooklyn-based developer RedSky Capital and U.K.-based joint-venture partner JZ Capital Partners are snapping up more parcels along North Sixth Street in the Brooklyn neighborhood Williamsburg. The two firms -- which formed a $1 billion team under...

08/22/2018
Greek Investor Sells Hawthorne Apartments for $39.8 Million
Athens, Greece-based Zeus Capital Partners sold the 90-unit Hawthorne Apartments in Valley Stream, New York, to a undisclosed buyer taking title as Hawthorne Owner LLC for $39.8 million, or about $442,000 per unit. Zeus Capital Partners, which invests...

08/15/2018
Meadow Partners, Slate Property Group Secure $125M Refi for 19-Story Mixed-Use Development in Brooklyn
A joint venture between investor and asset manager Meadow Partners and locally based developer Slate Property Group secured a $125 million loan to refinance the 1 Flatbush Avenue mixed-use development in Brooklyn, New York. An affiliate of Manhattan...

08/14/2018
Queensboro Lumber Co. Sells 1-Acre Development Site in Queens for $9.7 Million
Locally based Queensboro Lumber Co., Inc. sold a 44,981-square-foot development site off of 42nd Ave. in Bayside, New York for $9.7 million, or about $216 per square foot. Queensboro Lumber Co. sold the Queens property to Steven Novenstein of Stroage...

08/06/2018
All Year Holdings Secures $54.8 Million in Financing for The Dean in Crown Heights
Locally based firm All Year Holdings secured $54.8 million in financing for The Dean apartment complex at 1040 Dean St. in Brooklyn’s Crown Heights. Greystone provided the Freddie Mac loan to the local firm, with Anthony Cristi of Greystone’s New York...

08/03/2018
Extell Development Closes $530M in Financing for Downtown Brooklyn Luxury Condos
Extell Development Company, known for its work building some of the tallest apartment towers in Manhattan, is making a colossal entry into the downtown Brooklyn area. The firm has secured $530 million in construction financing for Brooklyn Point, a...

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