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11/28 2017
Offshore capital taking over traditional real estate financing – by Joe Berko

November 21, 2017 – NYREJ The Israeli Bond market is booming. To date, 27 US real estate entities have gone to the Israeli public debt markets, bringing back approximately $6 billion to the shores of the U.S. Initially seen as a financing fad limited to the those operating in the metro-NYC market, US issuers from

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02/13 1980
Berko & Associates Negotiates $30,600,000 Transaction on Bleecker

Manhattan, NY Berko & Associates has completed the sale of a $30.6 million block of retail at the base of the Atrium Building. The asset is located at 152-168 Bleecker St. in Greenwich Village between Sullivan and Thompson Sts. Angel Ramos and Steve Geller, both associate brokers at Berko & Assocs., negotiated the deal. The

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11/12 1983
Greenpoint Hotel – Bridge Loan – $27,000,000

Joe Berko and Michael Korine, of Berko & Associates have completed a $27,000,000 blanket financing package to recapitalize The Paper Factory Hotel, and to fund the expansion of the sponsor’s concept to the up-and-coming neighborhood of Greenpoint. The initial construction financing for The Paper Factory Hotel, an ultra-hip luxury destination in Long Island City set

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03/02 2006
55 w 90th Street – $25,850,000 – Finance

A firm that focuses on high-end townhouse redevelopment has bought two of them, paying $21.5 million. The buyer plans to refurbish them and sell them off for nearly double what it paid. A Long Island-based investment firm acquired 55 W. 90th St. on the Upper West Side and 36 W. 10th St. in the West

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02/02 2006
36 W 10th Street – $25,850,000 – Finance

A firm that focuses on high-end townhouse redevelopment has bought two of them, paying $21.5 million. The buyer plans to refurbish them and sell them off for nearly double what it paid. A Long Island-based investment firm acquired 55 W. 90th St. on the Upper West Side and 36 W. 10th St. in the West

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01/29 1950
Berko & Associates Brokers $24,000,000 Sale of 809 Broadway

Berko & Associates announced the $24 million sale of 809 Broadway — the former Blatt Billiards loft building, south of Union Square — to IDM Capital, which plans to build a fifteen story commercial/residential tower on the site. “We were able to raise significant interest and had multiple offers from qualified buyers,” said Joe Berko,

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11/12 1981
The Roosevelt – $20,000,000 Mixed Use – Sale

Berko & Associates President Joe Berko, and VP of Investment Sales Steve Geller, have successfully transacted the newly constructed mixed use property located at 40-07 73rd Street in the bustling Jackson Heights/Woodside neighborhood of Queens, NY to NYC-based fund aggressively buying properties in prime locations. The 6-story, 55,000 square foot elevator building was finished in

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01/29 1981
Peña Sells 400k SF Flex Portfolio for $17,100,000

Agustin Pena, Director of Investment Sales at Berko & Associates has successfully negotiated the sale of a 3-building 400k SF flex portfolio in the Northeast Philadelphia submarket. The buildings were well-located close to I-95 and are triple-net leased to strong local and national tenants. The investment transpired due to the strong cash flow of the

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01/30 1990
Berko & Associates Procures $16,750,000 Acquisition Financing for Future Hotel

Managing Director of Finance & Capital Markets, Michael Korine, along with President Joe Berko, have procured $16.75mm financing for the conversion of an 81,000 SF ex-Paper Factory into a hotel in the growing Long Island City market. The developer plans to convert the asset in to a luxurious hotel with amenities such as a restaurant,

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02/13 2013
Berko & Associates Negotiates $9,700,000 Sale of Flatiron Mixed Use Loft Building

Berko & Associates has negotiated the sale of 11 East 17th St., an elevator loft building in the Flatiron District for a $9.7 million. The asset is a seven-story mixed-use building with floor-through lofts and a retail store on the ground level, leased out to Hale & Hearty. The building contains 20,000 s/f. “My client

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