Berko & Associates is pleased to announce the sale of 1790 Marmion Avenue in the Bronx for $1.81 million. The property is a vacant, three-story, 5800 SF building that used to be a state-owned facility. The building will be converted to a residential property, capitalizing on the changing demographic in the Crotona Park neighborhood of
The Finance & Capital Markets Team successfully arranged a special situation bridge loan that replaced a maturing mortgage on a rent stabilized asset in Central Harlem. The facility provided flexibility to the borrower to execute a portfolio-level recapitalization.
Berko & Associates’ Finance Team successfully closed on a $1,460,000 finance request for a single-family investment rental property in Montauk, NY.
898 4th Ave, Brooklyn, NY
Berko & Associates successfully raised equity for a Midtown East medical condo consisting of four office spaces plus a common area. The medical condo sits at the base of a full-service doorman building containing 126 luxury residential units and is situated steps from the United Nations building and surrounding high rise properties.
Berko & Associates is pleased to announce the funding of a bridge loan in Newark, NJ. The loan, which was completed in a time-of-the-essence transaction, allowed the borrower to acquire a value-add mixed-use property that they will renovate and hold long term.
400 Linden St, Brooklyn, NY
400 Linden St, Brooklyn, NY
2777 Webster Ave, Bronx, NY
Berko & Associates’ Finance Team have successfully closed on the financing for 415 Monmouth Street in Jersey City, NJ. The property is anew construction condo with a 65% loan to value.
18 Arthur Rd, Montauk, NY
153 Clinton St, Brooklyn, NY
Berko & Associates’ Finance Team closed a $500,000 bridge loan for a Bushwick development site. The property will ultimately consist of a 5-unit multifamily building spread throughout four-stories and 4,600 square feet.
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.
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.
The Berko & Associates Finance & Capital Markets Group, in conjunction with Investment Sales Associate Ryan Sani, were able to quickly procure financing for the acquisition of the multi-family building in East New York, Brooklyn.
Joe Berko, in tandem with the Finance Team at Berko & Associates, procured financing for the mutli-family property in the heart of the gentrifying neighborhood of Bed-Stuy, Brooklyn
B&A Capital Markets Group procured financing for the multi-family building in the fast-growing Bed-Stuy neighborhood of Brooklyn, NY
The Finance & Capital Markets Group at Berko & Associates successfully procured financing for the beautiful multi-family brownstone on a cobblestone street in Greenwich Village.
Joe Berko led the Team in financing the multi-family property in the growing Corona area of Queens, NY.