Real Estate Transactions for October

On October 5, 2021, Yaron Kornblum and Michael Twersky closed a $27.23 million refinance with Natixis Real Estate Capital LLC, covering the commercial premises containing 12 commercial units known as 6410-6440 South Point Pkwy, Jacksonville, Florida.

On October 6, 2021, Scott Feuer represented an investor in the sale of a mixed-use retail/apartment building at 668 President Street, Brooklyn, NY, for a purchase price of $5.15 million.

On October 6, 2021, John Panagopoulos represented the seller of 879 Hancock Street, Brooklyn, NY, for a purchase price of $1.03 million. The transaction involved multiple transfers and trust agreement issues and required the resolution of complex title issues.

On October 12, 2021, Yaron Kornblum closed a $7.77 million refinance for the premises known as 61-73 Ellwood Street, NYC, with Greystone Servicing Corporation, Inc.

On October 26, 2021, Yaron Kornblum and Daniel Ehrlich closed a $7 million refinance for the premises known as 2535-2357 Grand Concourse, Bronx, New York, containing 39 residential units and 5 commercial units with Societe Generale Financial Corporation.

On October 26, 2021, Yaron Kornblum and Daniel Ehrlich closed a $15 million refinance for the premises known as 1441-1443 and 1449-1451 Overing Street, Bronx, NY, containing 119 residential units with Societe Generale Financial Corporation.

Yaron Kornblum and Marie Landsman represented Oceanside Marine Terminals LLC in the acquisition of a commercial property located in Island Park, New York. The purchase price was $1.5 million. The client utilized 1031 exchange funds to acquire the property. The transaction included a short term lease back to the seller.

Yaron Kornblum, Marie Landsman, Walter Gumersell and Daniel Erhlich represented 2825-2855 SRCTD Office LLC in the acquisition and finance of commercial property located in Coral Springs, Florida. The purchase price was $10.5 million and was financed by a loan given by Avatar Capital Finance, LLC. The transaction included heavily negotiated operating and management agreements with multi-member investors.

Marie Landsman represented Albert Kemperle Inc. in the acquisition of industrial property located in Byron, Georgia for a purchase price of $600,000.