Commercial Observer Written by: Mark Hallum Residential real estate firm HUBB NYC acquired a multifamily development in Brooklyn’s Park Slope from Greystone Development, Commercial Observer has learned. Greystone was able to get $40 million for 223 Fourth Avenue, a 48,256-square-foot multifamily property with 63 units of housing that it finished developing in 2018, according to broker Cushman &…
Author Archives: Hubb NYC
May
27
2022
The Real Deal Written by: Rich Bockmann Three weeks before 421a is set to expire, HUBB NYC picked up one of the few apartment buildings developed on the Lower East Side under the program for $64 million. HUBB, led by president John McCarthy, bought the 78-unit rental building at 167-171 Chrystie Street from developer Be…
Mar
30
2022
Rebusiness Online Written by: Taylor Williams J.P. Morgan has provided a $99.8 million acquisition loan for a portfolio of 11 multifamily properties totaling 361 units in Manhattan. The properties total 208,917 square feet. Gideon Gil, Lauren Kaufman, Zachary Kraft and Sebastian Sanchez of Cushman & Wakefield arranged the financing on behalf of the borrower, HUBB…
Dec
21
2021
The Real Deal Written by: Rich Bockmann Williamsburg has notched its most expensive deal for an apartment building in two years amid swelling demand for multifamily investments. HUBB NYC bought the 169-unit building at 247 North 7th Street for a little over $116 million from Greystar Real Estate Partners. It’s the most expensive multifamily deal…
Oct
26
2021
GlobeSt Written by: Lynn Pollack HUBB NYC is purchasing an 11-building multifamily portfolio spanning the Upper East and Upper West Sides of Manhattan for a price tag of $190 million, a source has told GlobeSt. The deal with Denver-based REIT AIR Communities consists of 361 units spanning 209,190 square feet, with the largest properties being…
Sep
16
2021
The Real Deal Written by: Rich Bockmann Harlem’s 125th Street has epitomized the real estate industry’s confidence in New York City’s recovery, with retailers including Target and Trader Joe’s committing to open stores on the busy corridor. Now one of the street’s newest apartment buildings has traded hands for more than $100 million, a sign…
Jan
11
2018
The Real Deal Written by: Rich Bockmann New York REIT sold the first standalone retail property in the liquidation of its multibillion-dollar portfolio to HUBB NYC for $25 million. HUBB paid $25.1 million to buy the retail condominium unit and parking garage spanning roughly 43,000 square feet at the base of the Orion condo-and-rental building…
Apr
26
2017
Commercial Observer Written by: Liam La Guerre Hubb NYC Properties, a Midtown-based real estate investment firm, has purchased a 16-unit rental apartment building at 714 Ninth Avenue for $12.1 million from Waltjoyvan LLC, which has owned it since Gerald Ford was president, Commercial Observer has learned. Waltjoyvan LLC is company owned by private investors Walter…
Aug
25
2016
Commercial Observer Written by: Liam La Guerre Midtown-based real estate investment firm Hubb NYC Properties has purchased a five-story mixed-use building at 121 Chambers Street from Ackerman Realty for $16.2 million, according to Marcus & Millichap. The 18,750-square-foot Tribeca building between West Broadway and Church Street is comprised of 3,200 square feet of retail divided…
Jul
20
2016
Commercial Observer Written by: Lauren Elkies Schram Midtown-based real estate investment firm Hubb NYC Properties has purchased a residential rental building on the Upper West Side from Catalpa Development for $22.2 million, according to David Ash of Prince Realty Advisors, who represented both sides in yesterday’s transaction. The 10-story building at 210 West 96th Street…