Matters

FBE Limited – $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.

Edison Properties Affiliate – 620 12th Avenue Acquisition

Represented an affiliate of Edison Properties in the purchase of 620 12th Avenue.

Schron and Fruchthandler Families – $161 Million Brooklyn Warehouse Sale

Represented an entity owned by the Schron and Fruchthandler families in the $161 million sale of 9-47 Hall Street, a warehouse building near Brooklyn's Navy Yard. 

Schron Family – $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.

FBE Limited LLC – $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.

Real Estate Developer – Sale of Otis Elevator Building

Represented a real estate developer in the $80 million sale of Manhattan's historic Otis Elevator Building to a major REIT, the negotiation of a long-term ground lease for the property, and related mortgage loan amendments.

Rabina Properties – $175 Million North Carolina Office Building Purchase

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

Private Client – Long Island Vineyard Acquisition

Represented a client in the acquisition of a residence and 33-acre operating vineyard in Long Island's North Fork area.

Real Estate Companies – $315 Million Office 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.

Schron Family – $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.

Real Estate Companies – $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.

KRE Group – 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.

The Cheshire Group Affiliate – $20.5 Million Sale of Manhattan Condo Units

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.

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.