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02/14 2013
B&A Team Negotiated the Sale of Two Non-Performing Notes.

Berko & Associates announced the sale of two non-performing, first position mortgage notes for an aggregate amount of $4,085,000 dollars. The notes are secured by mixed-use apartment buildings in Manhattan and Brooklyn. Senior Analyst, Agnes Czajkowski; Senior Associate Itai Nave and Associate Brokers Angel Ramos and Jack Koppel facilitated the transaction. Banks are seeing Berko

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02/14 2013
Berko & Associates neg. the sale of a 3rd Avenue Mixed Use Building

Angel Ramos and Steve Geller both senior associates of Berko & Associates represented the buyer and the seller in the sale of 2194 3rd Avenue in the East Harlem section of New York City between 118th Street and 119th Streets. The seller, who bought the building in the early 80s delivered the property nearly vacant

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02/14 2013
Berko & Associates negotiated the sale of 2 mixed Use buildings along Second Ave

In an all cash transaction Joe Berko and Angel Ramos of Berko & Associates represented both the buyer and the seller in the acquisition of two mixed use buildings for $1.5 million. Located on the South East corner of 120th Street and Second Avenue in the East Harlem Section of New York City, the buildings

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02/14 2013
Berko Names Korine as a Managing Director

According to Berko & Associates, Michael Korine, a former senior corporate and investment banker at RBC Financial Group and real estate entrepreneur, has been named managing director, finance & capital markets. Korine will head Berko & Associates’ commercial real estate finance division and will focus on expanding the firm’s capital markets activities to include advisory

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02/13 2013
Simonowitz of Berko arranges construction financing – $4.15 million

Alan Simonowitz, a director at Berko & Associates has arranged for a $4.15 million in construction financing for a ground up development of a 6-story mixed-use building in the Astoria neighborhood. The building, located at 2751-53 Crescent St., will contain 25,880 s/f and be made up of 16 rental apartment units and four medical office

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01/29 2013
Korine Procures Financing for Greenpoint Mixed-Use

Korine, Managing Director, Finance & Capital Markets, at Berko & Associates has arranged for a $2 million refinance with a very competitive rate for a mixed-use building in the fast-growing Greenpoint section of Brooklyn. The financing was challenging due to the composition of the property, which included a Retail Space on the Ground Floor, office

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02/14 2012
Berko & Associates Arranged a $12.5 million Construction Loan

Berko & Associates Capital Markets team announces the successful completion of a $12.5 million construction financing. The loan secured by an eight story 116,000 square feet state of the art building located at 198 Varet Street in the Williamsburg section of Brooklyn, NY. The property is constructed with an efficient immense 15,000 sf floor plates.

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02/14 1985
$30M SALE OF MIDTOWN OFFICE BUILDING

Joe Berko and Steve Geller of Berko & Associates (B&A) negotiated the sale of 29 West 35th St, a 12 story office building for $30 million. The building’s above grade total 71,180 SF, with 6,500 rentable SF per floor was delivered 75% vacant. B&A agents solely represented the seller and the buyer. Joe Berko, principal

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06/02 1980
Quantico Corporate Center – Berko & Associates Advises the Acquisition of a $40mm Class “A” Office Building

Berko & Associates has successfully advised its clients on the acquisition of a newly constructed Class “A” Office building in Stafford County, Virginia. The property, commonly known as the Quantico Corporate Center (QCCS), has a gross square footage of 141,000 and is 100% occupied on long term leases, the majority of which are signed by

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