Recent News - Yaron J. Kornblum


Members of Real Estate Group Close Multiple Deals in December
January 1, 2018 | Yaron J. Kornblum | Louis D'Amaro | Evan R. Schieber | Jeffrey P. Rust | Real Estate, Zoning & Land Use | Corporate
On December 27, 2017, Yaron Kornblum represented the tenants-in-common purchasers in their acquisition, with a twist, of 2734 Sedgwick Avenue, Bronx, NY for the purchase price of $9.42 million. The Purchasers first acquired the shares of the Seller for a purchase price of $7.9 million. The closing on the real property was consummated immediately thereafter, …
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Kornblum Represents Purchaser of an Industrial Property
November 29, 2017 | Real Estate, Zoning & Land Use
On November 29, 2017, Yaron Kornblum represented 4 Emery Avenue LLC in the acquisition of an industrial property located at 4 Emery Ave., Randolph, NJ, for a purchase price of $1.88 million. M&T Bank provided financing in the amount of $1.4 million. …
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Kornblum Represents Brooklyn Clients in Refinancing Deals
November 20, 2017 | Real Estate, Zoning & Land Use
On November 20, 2017, Yaron Kornblum represented 264 East 28th Street LLC in the refinancing of a property located at 264 East 28th St., Brooklyn, NY, containing 17 units, with the Community Preservation Corporation (CPC) providing financing in the amount of $2.02 million. Also on November 20, Yaron represented 1068 Winthrop Street LLC in the …
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Kornblum Represents Tenants in Property Refinance
November 15, 2017 | Real Estate, Zoning & Land Use
On November 15, 2017, Yaron Kornblum represented 830 West 177th LLC, Home 830 West 177th LLC and Field Realty 177 LLC as tenants in common structuring, in the refinance of the property located at 830 West 77th St., New York, NY, containing 43 units. Greystone Servicing Corporation Inc. provided the financing in the amount of …
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Kornblum and Panagopoulos Complete Several NYC Real Estate Deals
November 15, 2017 | Real Estate, Zoning & Land Use
On October 2, 2017, Yaron Kornblum represented the Borrowers and co-owners, Brook-Sharp Realty LLC and MK Brook LLC, in a refinance of a portfolio of real estate holdings consisting of twelve buildings located in the Bronx, with residential and commercial units.  The loan amount was $24 million and the transaction was financed through New York …
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Kornblum Represents Purchaser in a Factory Acquisition
November 8, 2017 | Real Estate, Zoning & Land Use
On November 8, 2017, Yaron Kornblum represented 790 Grand Street and 2847-2918 FDB LLC on the purchase of a factory located at 790 Grand St., Brooklyn, NY, for $2.2 million. Yaron addressed convoluted and sophisticated IRS Section 1031 tax-free exchange issues in order to consummate the transaction. …
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Kornblum, Gumersell, Weissman, Feuer and Panagopoulos Represent Investor Group
October 31, 2017 | Real Estate, Zoning & Land Use
Yaron Kornblum, Walter Gumersell, Stephen Weissman, Scott Feuer and John Panagopoulos represented a group of investors in the acquisition of membership interests in two properties on York Avenue in Manhattan.  As part of this complex transaction, the investors and the owner of an adjacent property located on 83rd Street entered into a Master Purchase Option …
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Kornblum Closes Multiple Deals Throughout the Five Boroughs
September 19, 2017 | Yaron J. Kornblum | Real Estate, Zoning & Land Use
On August 10, Yaron Kornblum represented 690 Onderdonk LLC in the purchase of 690 Onderdonk Ave., Ridgewood, NY for the purchase price of $1.6 million with financing from JPMorgan Chase Bank NA for a loan amount of $1.12 million. On August 9, Yaron Kornblum represented the Borrower, 117-119 15th Street LLC in the refinance of …
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Kornblum Continues to Close Deals in the Metropolitan Area
September 18, 2017 | Real Estate, Zoning & Land Use
On September 14, Yaron Kornblum represented 771 East 213th Street LLC in its acquisition of a mixed use dwelling with eight units located at 771 East 213th Street, Bronx, N.Y. for a purchase price of $1.5 million with financing from Signature Bank for a loan amount of $1.04 million. On September 19, Yaron Kornblum represented …
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Kornblum Represents Purchaser in Apartment Complex Acquisition
July 13, 2017 | Yaron J. Kornblum | Real Estate, Zoning & Land Use
Yaron Kornblum represented the Purchaser in its acquisition of a 150 unit apartment complex located at 411 East Gibbsboro Road, Lindenwold, NJ.  The purchase price was $7.5 million and financed through Customers Bank for a loan amount of $6 million.   …
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Kornblum Closes Deals in Brooklyn
June 30, 2017 | Real Estate, Zoning & Land Use
On June 15, 2015, Yaron Kornblum represented the Purchaser, 182 Hart Management LLC, in its acquisition of 182 Hart Street, Brooklyn, NY for a purchase price of $1.250 million, and financing from Signature Bank, in the amount of $900,000.00. On June 20, 2017, Yaron Kornblum represented the Purchaser, 344 McGuiness Holdings LLC in its acquisition …
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Kornblum Closes a $11.7M Refinance
April 20, 2017 | Real Estate, Zoning & Land Use
Yaron Kornblum closed a $11.7 million refinance transaction for 3054 Godwin LLC with Amalgamated Bank, as lender, for the property located at 3054 Godwin Terrace, Bronx, New York. …
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Kornblum Closes on a Refinance for Signature Bank
April 19, 2017 | Real Estate, Zoning & Land Use
Yaron Kornblum closed a $8.15 million refinance transaction with Signature Bank for properties located at 3001 Briggs Avenue, Bronx, NY, 215 Lenox Road, Brooklyn, NY, 301 Brightwater Court, Brooklyn, NY, 835 Clarkson Avenue, Brooklyn, NY and 930 Winthrop Street, Brooklyn, NY. …
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Kornblum and Landsman Oceanside Marine Terminals LLC in Purchase of Six Lots
March 30, 2017 | Real Estate, Zoning & Land Use
Yaron Kornblum and Marie Landsman represented Oceanside Marine Terminals LLC in the purchase of 6 lots located in Oceanside, NY from Sprague International Properties LLC.  The purchase price was $1.8 Million and closed on March 30, 2017.  The transaction involved complicated title issues and was contingent upon the New York State Department of Environmental Conservation issuing …
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Kornblum Closes Refinance Transaction with The Bridgehampton National Bank
March 22, 2017 | Real Estate, Zoning & Land Use
Yaron Kornblum closed a $14.3 million refinance transaction with The Bridgehampton National Bank for properties located at 25 Dongan Place, New York, NY, 4219 18th Avenue, Brooklyn, NY and 420-424 East 148th Street, Bronx, NY. …
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Kornblum and Landsman Facilitate the Sale of New York City Property
February 16, 2017 | Real Estate, Zoning & Land Use | Tax
During a three day closing that concluded on January 13, 2017, Yaron Kornblum and Marie Landsman represented the seller in the sale of properties located at 3880 Broadway, 543-545 West 162nd St. & 75 Ft. Washington Ave., New York City for an aggregate purchase price of $40 million.  The transaction was facilitated subject to a …
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Kornblum and Landsman Facilitate the Sale of $67M Commercial Building in NYC
December 20, 2016 | Real Estate, Zoning & Land Use
Yaron Kornblum and Marie Landsman represented 410 St. Nicholas LLC in the sale of a commercial building located at 410 St. Nicholas Avenue, New York, NY, for a purchase price of $67,500,000.00, pursuant to a settlement agreement.  The transaction involved a sophisticated tax structure requiring the expertise and assistance of Scott Eisenmesser. …
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Kornblum and Landsman Represent Client in Acquisition of a New Jersey Apartment Complex
September 21, 2016 | Real Estate, Zoning & Land Use
Yaron Kornblum and Marie Landsman represented purchaser, Pine Lake Landings LLC in its acquisition of a New Jersey apartment complex for the purchase price of $35,100,000.  The transaction involved an assumption of a $25,819,086.07 mortgage. …
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Kornblum, Landsman and Panagopoulos Represent Major Real Estate Developer
August 23, 2016 | Real Estate, Zoning & Land Use
Yarom Kornblum, Marie Landsman and John Panagopoulos represented a major real estate developer in his acquisition of a medical facility at the University of Texas in Galveston, TX.  The purchase price was $17,700,000 with a loan amount provided by Green Bank, NA. of $11,494.909. …
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Kornblum and Panagopoulos close $17 million real estate transaction
February 26, 2016 | Real Estate, Zoning & Land Use
Yaron Kornblum, with the assistance of John Panagopoulos and Ilana Camarda, represented MGSA I LLC, MGSA II LLC, MGSA III LLC and MGSA IV LLC in the mortgage financing transaction funded by Customers Bank in the loan amount of $17,000,000.00 for two apartment complexes in Bronx, NY.   …
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Kornblum and Panagopoulos represent clients in a $17.9 million mortgage financing transaction
January 19, 2016 | Real Estate, Zoning & Land Use
Yaron Kornblum, with the assistance of John Panagopoulos and Ilana Camarda, represented 738 East 21 LLC, 738 East 21 LLC, 1815 Beverly Realty LLC, 1900 Newkirk Realty LLC and 2401 Cortelyou Realty LLC in a mortgage financing transaction funded by The Bridgehampton National Bank for a loan amount of $13,900,000.00 for three apartment buildings in …
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Kornblum and Panagopoulos close on the purchase of apartment complex
March 16, 2015 | Real Estate, Zoning & Land Use
Yaron Kornblum, with the assistance of John Panagopolous, closed the purchase of a four building apartment complex in Brooklyn, New York on behalf of the Purchaser, with a purchase price of $18,360,000 and mortgage financing of $13,500,000.00. …
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Rivkin Radler Closes $67 Million Real Estate Deal
May 8, 2014 | Real Estate, Zoning & Land Use | Appeals
Yaron Kornblum, a partner in the firm Real Estate, Zoning & Land Use practice group, closed a record breaking sales transaction on Manhattan’s Upper West Side.  The 70 unit, 108,000 square foot apartment building, owned by the Zauderer Family, sold for $67,000,000.  The building, built in 1913, was self-managed by the matriarch of the family for …
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Rivkin Radler Closes $100 Million Real Estate Deal
January 31, 2014 | Real Estate, Zoning & Land Use
Real Estate partner, Yaron Kornblum, represented May Bao Ltd., a subsidiary of Beijing Capital Development Holdings Co., Ltd., in its purchase of a luxury high rise apartment building known as The Grayson.  The Grayson, located at 247 E. 28th Street, New York, New York, was purchased from Silverstone Property Group for $100 million. …
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