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New-York News

Deals of the Day: March 29


Leases

E-commerce company for luxury items inks deal near Madison Square Park 

Address: 300 Park Ave. South 
Landlord: Rockrose Development 
Tenant: 1stDibs 
Lease size: 13,671 square feet
Asset type: Office
Brokers: JLL’s Greg Wang, Christine Colley and Thomas Swartz represented the tenant. Cushman & Wakefield’s Josh Kuriloff, Matthias Li, Drew Braver, Remy Liebersohn and Heather Thomas represented the landlord, along with Rob Fink in-house.

Sales

Prewar Lower East Side building with seven apartments and storefront changes hands

Address: 90 Ludlow St., Manhattan
Seller: S&L Ludlow Properties, Inc.
Buyer: 90 Ludlow Real Estate LLC
Sale price: $8.5 million
Asset type: Mixed use

Financings

Clipper Equity lands mortgage to redevelop historic Sears site 

Address: 2201 Beverly Rd., Brooklyn 
Owner: David Bistricer 
Lender: Valley Bank 
Loan amount: $103.3 million 
Asset type: Retail

Developer scores construction loan for mixed-use project in Greenwood Heights

Address: 737 Fourth Ave., Brooklyn
Owners: BEB Capital, Totem, Ofer Cohen and SK Development
Lenders: Canyon Partners, JPMorgan Chase & Co. and Tribeca Investment Group
Loan amount: $121 million
Asset type: Development site



Julianne Cuba, C. J. Hughes, Eddie Small , 2024-03-29 17:37:45

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