New York

137-20-45th-Ave-Auburn-Flushing
Affordable HousingFinanceNew YorkNewsNortheast

Iris Holdings Group Obtains $86.4M Refinancing for Four-Property Affordable Housing Portfolio in Flushing, Queens

by Lynn Peisner

NEW YORK CITY — Walker & Dunlop has arranged an $86.4 million Freddie Mac refinancing for locally based Iris Holdings Group’s 506-unit portfolio in the Flushing neighborhood of Queens. The four properties are clustered together and are within walking distance. Iris Holdings partnered with the New York City Department of Housing Preservation and Development in 2024 to preserve the this project at varying levels of affordability for the next 40 years. As part of that effort, Iris completed major building-system upgrades, unit renovations and a range of energy-efficiency improvements. Walker …

Continue Reading
0 FacebookTwitterLinkedinEmail
141-Willoughby-Brooklyn-Northwind-New-York
DevelopmentFinanceNew YorkNewsNortheast

Northwind Group Provides $427M in Loans for Two Office-to-Residential Conversions in New York City

by Lynn Peisner

NEW YORK CITY — Northwind Group has provided $427 million in construction loans for two metro New York office-to-residential projects. For the first project, the real estate private equity firm and debt fund manager originated a $208 million first mortgage construction loan for 141 Willoughby Street, a 24-story tower in Brooklyn. The borrowers/developers are Capstone Equities and BH3 Fund Advisors, who acquired the office property in 2025 and spent the past year in predevelopment planning for the building’s partial conversion to multifamily. Loan proceeds retired existing debt and will finance …

Continue Reading
0 FacebookTwitterLinkedinEmail
ACP-Wilton
Build-to-RentInvestment SalesNew YorkNewsNortheast

ACP Arranges Sale of Ridgeview Townhomes & Apartments in New York’s Capital Region

by Lynn Peisner

WILTON, N.Y. — Adirondack Capital Partners (ACP) has arranged the sale of Ridgeview Townhomes & Apartments, a 96-unit community in Wilton. Michael Hunter Coghill, Brittany Feinberg, Chad Sinsheimer and Jacob Brenner of ACP represented the seller, an LLC, and procured the buyer, Yakar Partners. A sales price was not disclosed. The property, built in 2014 on approximately 9 acres, includes a mix of apartment and townhome residences as well as five ground-floor commercial spaces. Units feature attached garages and private entrances.

Continue Reading
0 FacebookTwitterLinkedinEmail
51-South-White-Plains
Investment SalesNew YorkNewsNortheast

RMS Cos. Sells 51 South in White Plains for $64.3M

by Lynn Peisner

WHITE PLAINS, N.Y. — RMS Cos. has sold 51 South Apartments in White Plains to Los Angeles-based CIM Group for $64.3 million. CBRE’s Jeffrey Dunne, Stuart MacKenzie, Eric Apfel, Travis Langer and Eric Greenberg represented RMS, the Stamford, Connecticut-based original developer, in the transaction. Completed in 2025, 51 South is comprised of 134 units along with a resort-style pool with cabanas, indoor and outdoor lounges, a fitness center with spin and yoga studios, billiards, shuffleboard and coworking areas.

Continue Reading
0 FacebookTwitterLinkedinEmail
Park-Tower-Jersey-City
Affordable HousingDevelopmentFinanceNew YorkNewsNortheast

Namdar Group Secures $390M for Jersey City Tower

by Lynn Peisner

JERSEY CITY, N.J. — New York City-based developer Namdar Group has secured $390 million in financing for Park Tower, a 1,049-unit, transit-oriented, mixed-income development in Jersey City’s Journal Square neighborhood. A start date was not announced. Completion is slated for May 2029. Park Tower adds to Namdar’s extensive Journal Square portfolio, where the developer has delivered more than 2,000 apartments as part of a multi-year buildout around the neighborhood’s PATH station. The PATH train provides direct access to the World Trade Center in Lower Manhattan. Affinius Capital provided a $310 …

Continue Reading
0 FacebookTwitterLinkedinEmail
201-Hudson-Jersey-City
DevelopmentFinanceNew YorkNewsNortheast

Joint Venture Secures $277M Construction Loan for 69-Story Project in Jersey City

by Lynn Peisner

JERSEY CITY, N.J. — Newmark has arranged a $277 million construction loan for Urby and Rockpoint, the developers behind 201 Hudson — by Urby, a 748-unit project planned in the Paulus Hook neighborhood along the Jersey City waterfront. Truist was the lender. Newmark’s Jordan Roeschlaub, Chris Kramer, Holden Witkoff and Jack Fenton arranged the financing. The development site is located at 201 Hudson St. and represents the second phase of Urby’s three-tower waterfront residential development. Upon completion, the 69-story tower will include 748 apartments — in studios, one-, two- and …

Continue Reading
0 FacebookTwitterLinkedinEmail
59-Bogart-Brooklyn
Investment SalesNew YorkNewsNortheast

CBRE Arranges $30M Sale of Brookly Property

by Lynn Peisner

NEW YORK CITY — CBRE has brokered the $30 million sale of 59 Bogart Street, a 51-unit building located in the East Williamsburg section of Brooklyn. The CBRE team of Robert Shapiro and Ian Brooks represented the seller and procured the buyer in the transaction. The property sits above the Morgan Avenue L train station and includes one-, two- and three-bedroom loft-style units. Amenities include in-building laundry, a lounge, fitness center, bike room, roof deck with a barbecue area and communal outdoor spaces.

Continue Reading
0 FacebookTwitterLinkedinEmail
1219-Yonkers
DevelopmentInvestment SalesNew YorkNewsNortheast

Stagg Group Buys Land for 266-Unit Mixed-Use Development in Yonkers, New York

by Lynn Peisner

YONKERS, N.Y.  — CBRE has arranged a land sale at 1219 Yonkers Ave. for a future multifamily development. A joint venture of Aubrey Capital and Empire General Contracting sold the parcel to Stagg Group for $9.5 million. The CBRE team of William V. Cuddy Jr. and Jacqueline Novotny marketed the site and represented Aubrey Capital in the negotiations. The property is already entitled for a 19-story, 412,866-square-foot mixed-use building comprised of 266 multifamily units, 1,600 square feet of retail space, approximately 16,000 square feet of amenity space and 278 parking …

Continue Reading
0 FacebookTwitterLinkedinEmail
Elara-Astoria
Affordable HousingDevelopmentFinanceNew YorkNewsNortheast

Domain Secures $175.6M for Mixed-Income Development in Queens

by Lynn Peisner

NEW YORK CITY — The Domain Cos. has obtained a $175.6 million loan through Wells Fargo for a mixed-income development in Astoria, Queens, called Elara. Domain’s equity partners on the deal are Canyon Partners Real Estate and BLDG Management. The financing was arranged by Chris Peck and Nicco Lupo of JLL. The 429-unit project includes an 18-story building with 330 apartments called Elara East and a 12-story building with 99 apartments named Elara West. Twenty-five percent of the units will be affordable. Income caps were not disclosed. Completion of Elara …

Continue Reading
0 FacebookTwitterLinkedinEmail
2-South-Main-Port-Chester
DevelopmentFinanceNew YorkNewsNortheast

Developers Secure $147.5M for 12-Story Development in Port Chester, N.Y.

by Lynn Peisner

PORT CHESTER, N.Y. — Walker & Dunlop has arranged $147.5 million in debt and equity for the construction of 2 South Main, a 12-story, 322-unit property with 5,000 square feet of retail in Port Chester. Hyperion Group and AIP are the developers, and LRC Construction is the general contractor. Winter Properties also is a partner in the project. Construction will begin in the fourth quarter of 2026. A completion date was not disclosed. Walker & Dunlop’s Mo Beler, Jonathan Paine, Cory Elbaum, Jackson Irwin and Dawson Jessee arranged the equity …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2026 France Publications, dba France Media Inc.