Berko & Associates successfully raised 80% of the required equity for the construction of a 71,000-square-foot development in the West Loop of Chicago. The completed asset will feature 39 luxury condominium units as well as 55 parking spaces.
Berko & Associates recently closed on a 32,000 SF, 28-unit condo development in Brooklyn’s Red Hook neighborhood. The development will feature high-quality finishes, well-appointed kitchens, generous-sized bathrooms, and high-end wide plank oak floors. Apartments will have broad market appeal as a modern and efficient building with residents also benefiting from attractive outdoor spaces and proximity
Berko & Associates/Astor Realty Capital successfully raised LP equity for the acquisition and value-add of a rental multifamily project in South Tampa, Florida. The property consists of two separate garden-style complexes, totaling 136 units spanning across 12 buildings.
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
Joe Berko & Michael Korine closed on a five-parcel land sale for a development project in Woodside, Queens. The project will span nearly 500,000 square feet with 431 rental units, featuring frontage along Queens Boulevard. Madison Realty, the buyers, underwent a ULURP process in order to secure rezoning and increase the amount of square footage
Berko & Associates’ Joe Berko structured a 135,000 SF land lease sale valued at $24.75 Million to a publicly traded Canadian company. The asset was a prime mixed-use development site with large frontage located 144-74 Northern Boulevard in the Flushing neighborhood of Queens.
Berko & Associates closed on a $30,000,000 transaction located at 29 West 35th Street for a 72,000 SF office loft building in the heart of midtown.
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
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
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
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
Joe Berko successfully closed a 10-year master lease for the Langford Hotel valued at $25 Million. The 100-key hotel is located in Downtown Miami and is in close proximity to many sites and attractions in the area.
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,
Berko & Associates were able to negotiate the transaction at 450 Winks Lane, a 485,000 SF property for $21,500,000 on the outskirts of Philadelphia.
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
Lee Silpe served as an advisor for the sale of 350,000 SF waterfront development in the Red Hook neighborhood of Brooklyn. The area has seen a lot of growth and this site will help increase traffic to the area.
Berko & Associates’ Finance Team has successfully closed an $18,000,000 finance request for the construction of nine town homes totaling 17 units in Boerum Hill.
Berko & Associates Finance and Capital Markets Team, in cooperation with Lee Silpe and Isaac Douek, have successfully procured cash-out financing for a single tenant retail asset with a regional non-credit tenant along bustling Fordham Road in the Bronx. The asset was acquired 8 months prior and the Team provided cash out financing at an
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
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,