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Articles Archive for 7 July 2011

Deals & Dealmakers, Featured »

[7 Jul 2011 | One Comment | ]
Marcus & Millichap sells two multifamily buildings

By Roland Li

Marcus & Millichap has brokered the sale of two multifamily buildings in separate transactions. One property, at 220 Park Avenue South, was sold for $20 million. The 33,638 s/f building has 37 rentals units and a 2,650 s/f retail space, occupied by Haru restaurant. The seller was Gino Colleo’s Gramercy Park Mews Partnership LLC, according to city records. Bijan Nassi and his son, Danny Nassi, president of BDN NY Management, were the buyers.

Brokers Weekly, Featured »

[7 Jul 2011 | No Comment | ]
HPDC and Exact partner to renew two Bronx buildings

By Roland Li

Two Bronx properties listed among the worst apartment buildings in New York are about to see a makeover. The two buildings, at 1553 and 1558 Bryant Avenue, will undergo a multi-million dollar renovation overseen by developer Exact Capital Corp. and the Housing Partnership Development Corporation (HPDC), an affordable housing non-profit group. The U.S. Department of Finance’s Community Development Financial Institutions Fund is also providing a grant for emergency repairs and acquisition of the building.

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