Deal News / Articles

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01/29 1982
$9,000,000 over $34,000,000 Mezzanine Financing for 127 West 25th St

Joe Berko and Emily Lau of Berko & Associates, have obtained Mezzanine Financing for the recently reconstructed office building located in Chelsea at 127 West 25th Street. Amid sluggish transactions and stringent guidelines by the banking industry, the duo was able to put the pieces together and obtain $9 million. Lau stated that “This was

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02/13 1987
Berko and Associates Rep Buyer for $8,750,000 UWS Elevator MF

Joe Berko, President, and Steve Geller, a Senior Associate at Berko and Associates represented the buyer for the transaction at 6 West 107th Street on the Upper West side just steps from Central Park. The property was a 21-unit elevator building meticulously maintained by the seller, Stonehenge Partners. The Texas-based investor group saw the immediate

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01/29 2013
Peña Negotiates $4,850,000 Mixed-Use

Agustin Pena, Director, represented the seller of this 5-story, 10k+ SF walk-up in Midtown West. The property contained 15 large residential units and one ground level retail space and maintains full occupancy. Agustin Peña represented the buyers in this transaction, who liked this deal because of the immediate upside in the free market rents. He

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12/16 2014
440 Madison Street – Financing

Alan Simonowitz, Senior Finance Associate, has completed the financing of 440 Madison Street, a multi-unit townhome in the popular Bed-Stuy neighborhood of Brooklyn. The property was in need of minor repairs in order to stabilize the asset. The mortgage carries an interest rate of 3.35% for 5 years with a 30 year amortization.

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09/16 2014
153 Clinton Ave Financing

The Finance & Capital Markets team comprised of Michael Korine, Andrew Milbank, and Jonathan Lavian, has arranged a $1.3 million bridge facility for a landmarked 3 unit brownstone in Brooklyn Heights. The loan, which was closed within 2 weeks, was used to refinance the existing mortgage and allow for minor planned renovations on the property.

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12/12 2013
440-446 St. Nicholas Ave Gets Financing

Michael Korine, Managing Director of the Finance & Capital Markets Group at Berko & Associates, successfully procured permanent financing for two adjacent buildings in Central Harlem. The properties, 440-446 St. Nicholas Ave, total 29,000 SF and contain 40 residential units with numerous upgrades to the mechanicals and common areas. The Capital Markets Group sourced conventional

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01/29 1984
Berko and Geller Package 4 Buildings in Washington Heights

Joe Berko, Founder and President, and Steve Geller, Director of Investment Sales, at Berko & Associates, have successfully negotiated the sale of a four building package in the Fort George neighborhood of Washington Heights. Geller said, “The properties had been for sale for a long time so the market finally moved up closer to his

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08/16 2016
Futures Sag After Records Repeat With Asia Opening Mixed

Futures for U.S. markets were lower late Monday after investors pushed all three major U.S. indices to fresh records during regular trading amid a dearth of bad news. Futures for Nasdaq were off 0.09%, while the S&P 500 trimmed 0.1% and the Dow Jones Industrials 0.09% at 10:06 p.m. EDT. U.S. indices closed at renewed

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01/05 2016
International Capital is Flowing

International capital has been flowing into the United States at a large and ever-increasing scale, dominated by Canadian, Chinese, Australian, and South Korean sources. Canada, the largest investor into the United States, provided much of their capital through their REITs, which allow investors to take advantage of investment grade assets outside of Canada, where the

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01/05 2016
Letter of Intent – Israel’s Flourishing Bond Market

The bond alternative is a unique proposition to tap into capital overseas, and many of the largest real estate investment groups in New York have been taking advantage and making the news. What many may not be aware of is that there are a multitude of smaller companies who have been successfully listed on the

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