National Communications Service Provider – Sale of East Williamsburg Properties

Represented a national communications service provider in the sale of two properties in East Williamsburg, Brooklyn.

$22.4 Million Acquisition of St. John’s University Campus

Represented India-based Amity Education Group, a nonprofit international education group, in the $22.4 million purchase of the St. John’s University 170-acre waterfront campus located in Oakdale, Long Island.

Acquisition of 685 Fifth Avenue’s Non-Retail Floors

Represented City’s Property Development New York (CPD NY), the commercial property arm of Turkey’s Gulaylar Group, in the acquisition, financing and leasing of the non-retail portion of 685 Fifth Avenue.

$195 Million Long Island City Property Sale

Represented FBE Limited LLC in the $195 million sale of 24-02 49th Avenue, Long Island City, along with the defeasance of a REMIC mortgage that was encumbering the property, and the completion of a reverse 1031 exchange transaction.

$31 Million Acquisition of 99-01 Queens Boulevard

Represented Blumenfeld Development Group in the $31 million acquisition of 99-01 Queens Boulevard from Vornado Realty Trust.

$161 Million Sale of 9-47 Hall Street, Brooklyn

Represented an entity owned by the Schron and Fruchthandler families in the $161 million sale of 9-47 Hall Street, an industrial/office building in Brooklyn. 

Extell – $360 Million Manhattan Portfolio Purchase

Represented Extell Development Company in the $360 million purchase, flip and financing of multiple properties from the Duell family's real estate portfolio.

$92 Million Acquisition of 1501 Lexington Avenue

Represented the Schron family in the $92 million acquisition of a multifamily building located at 1501 Lexington Avenue.

Acquisition of JV Interest in 1285 Avenue of the Americas

Represented the Schron and Fruchthandler families in the acquisition of a joint venture interest in 1285 Avenue of the Americas, which was purchased by RXR Realty in May 2016 for $1.65 billion.

$84 Million Bronx Apartment Building Acquisition and Financing

Represented FBE Limited LLC in the $84 million acquisition and financing of 1600 Sedgwick Avenue in the Bronx, a HUD-subsidized low income housing property.

$66 Million Flushing, Queens Parcel Acquisition

Represented XIN Development Group International, Inc. (“XIN”) in its acquisition of a parcel of land in Flushing, Queens for $66 million. XIN plans to build a mixed-use condominium with ground and second-floor retail on the site of the former RKO Keith Theater.

$20.5 Million Manhattan Condominium Unit Sale

Represented 141 East 88th Street LLC, an affiliate of The Cheshire Group, in the $20.5 million sale of 14 unsold condominium units subject to rent regulation to an affiliate of RFR Holding LLC.

9 Bruckner Boulevard Acquisition and Financing

Represented an affiliate of Somerset Partners in the $7.5 million acquisition and financing of 9 Bruckner Boulevard in the South Bronx.  The industrial site will be converted into a 30,000 square-foot food hall, to be known as Bruckner Market.  The property is situated opposite of Somerset’s planned residential development project along the South Bronx waterfront.

$19 Million Manhattan Apartment Building Acquisition

Represented Sabet Management in the $19 million acquisition of the residential apartment building 92 Second Avenue, with acquisition financing supplied by Signature Bank.

$12.5 Million Asphalt Plant Purchase

Represented Peckham Industries in the purchase of a Canal Asphalt Inc. plant located in Mt. Vernon, New York. The $12.5 million sale was the result of a bankruptcy auction in early 2016.

$131 Million Manhattan Development Site Sale

Represented Rabina Properties LLC in the $131 million sale of a development site consisting of six properties in Manhattan's NoMad neighborhood. The sale also included additional Inclusionary Housing benefits and an investment by our client in the acquiring entity.

$68 Million Woolworth Building Condo Conversion and Sale

Represented a joint venture between Cammeby's International and The Witkoff Group in the conversion of the iconic Woolworth Building's top 30 floors to a condominium unit, and the $68 million sale of the unit to Alchemy Properties.

New Orleans Hotel Acquisition

Representation of a hospitality enterprise in the acquisition of a hotel in New Orleans.

281 Fifth Avenue Assemblage and Sale

Represented the KRE Group in the assemblage of a development site including 281 Fifth Avenue, and the sale of the assemblage to Victor Nomad LLC. The deal included an adjacent air parcel with additional development rights and inclusionary housing certificates.

Toll Brothers – Development Rights Acquisition

Represented an affiliate of Toll Brothers City Living in the acquisition of development rights from a site on First Avenue between East 52nd Street and East 53rd Street in Manhattan.

Bronx General Post Office Acquistion

Represented Youngwoo & Associates in the acquisition of the Bronx general post office building from the United States Postal Service. We also handled the permanent lease of a section of the building to the USPS so that they maintain a continued retail presence in the area, a loan agreement related to the Depression-era murals inside the building, and a joint venture agreement.

$104 Million Union Square Hotel Acquisition

Representation of Hersha Hospitality Trust in connection with its $104 million purchase of the Hyatt Union Square Hotel.

$252 Million Manhattan Multifamily Acquisition

Represented the Schron family in connection with the $252 million acquisition of the Monterey, a 521-unit multifamily property located at 175 East 96th Street.

High Line Acquisitions and Developments

Represented Sherwood Equities in connection with the acquisition of development sites at 508 West 20th Street and 360 Tenth Avenue, near the High Line Park. We also assisted Sherwood with the acquisition and sale of a significant amount of development rights; and the financing and development of the sites.

Manhattan Building Acquisition and Hotel Development

Representation of FIT Investment Corporation in connection with the zoning analysis and acquisition of 45 East 33rd Street in New York City, and its redevelopment of the building into a 93,000 square-foot hotel.

Investment Bank – Acquisition and Sale of National Business Hotel Brand

Representation of a global investment bank in its acquisition—and subsequent sale—of a national business-class hotel brand.

Utah Resort Condo Acquisition

Represented a principal of a joint venture in the venture’s acquisition, from another of its principals, of a resort condominium in Deer Valley, Utah. In connection with the acquisition and future development of the resort, the joint venture also obtained up to $212 million in construction financing.

$380 Million National Apartment Complex Acquisition

Represented a joint venture between two major real estate companies in its $380 million acquisition and financing of 52 apartment complexes in 14 states.

$315 Million 43-Property Portfolio Acquisition

Represented a joint venture between two major real estate companies in its $315 million acquisition and financing of a 43-property portfolio of office and commercial buildings in Long Island, New York.

$161 Million Long Island Office Acquisition

Represented a joint venture between two major real estate companies in its $161.5 million acquisition and financing of two Long Island, New York office buildings.

Domino Sugar Factory Redevelopment

Represented The Community Preservation Corporation in the acquisition, financing and development of the 11.5-acre waterfront complex in Williamsburg, Brooklyn, that was formerly home to Domino Sugar.

Parkchester Condominium Redevelopment

Represented a joint venture between The Community Preservation Corporation, Morton Olshan of Mall Properties Inc., and Jeremiah O'Connor of The O'Connor Group, in the complete renovation and rehabilitation of the 171-building Parkchester condominium in the Bronx, New York, including the acquisition and financing of 6,361 unsold residential condominium units, 500,000 square-feet of retail and commercial space and five parking garages. Our work included government relations, land use, real estate and tax advice. The project required the cooperation of our clients, utility companies, state and city politicians, religious leaders and local residents, and included the passage of special legislation.

Manhattan “Sky Garage” Condo Development

Represented Youngwoo & Associates LLC in developing a unique residential condominium building in New York's West Chelsea neighborhood, which features full-floor units with a parking facility for a car at each level. We advised on the land acquisition, construction financing and zoning issues.

Asset Management Company – Acquisition of 370 Columbus Avenue

Represented of a major asset management company in its joint venture purchase, with a real estate investment firm, of 370 Columbus Avenue.

Asian Government NYC Headquarters Acquisition

Represented the government of an Asian nation in the acquisition of its main headquarters in Manhattan, including a cultural center.

Investment Bank – Hotel Sale

Representation of an investment bank in its sale of a five-star New York City Hotel to the Blackstone Group.

$60 Million Manhattan Retail Acquisition and Leasehold Financing

Represented a developer in forming and capitalizing a purchaser, and in the $60 million acquisition and leasehold financing of a master lease of the retail space at 1657 Broadway, Manhattan.

$330 Million Manhattan Ground Lease Sale

Represented The Lightstone Group in the combined $330 million sale of a ground lease position owned by Abraham Kamber & Company LLC and a subleasehold estate owned by Lightstone at 1407 Broadway.

$153 Million Interest in 5th Ave Office Building

Representation of real estate investors in connection with the $153 million sale of a beneficial interest in an office building on Fifth Avenue, Manhattan.

$175 Million North Carolina Office Building Purchase

Represented Rabina Properties in the $175 million purchase and financing of a 640,000 square-foot office building in Charlotte, North Carolina's downtown business district.

Manhattan Commercial Condominium Sale

Represented a real estate LLC in the sale of the commercial condominium unit at 205 Bleecker Street to two affiliates of Infinity Real Estate, LLC.

$30 Million Bronx Movie Theater Acquisition

Represented the Lightstone Group in the $30 million acquisition of the Whitestone Cinemas multiplex in the Bronx, New York. The sale was the second largest in the Bronx in 2012, according to data from Real Capital Analytics.