The post HUBB NYC BUYS PARK SLOPE MULTIFAMILY BUILDING FROM GREYSTONE FOR $40M appeared first on HUBB NYC Properties LLC Blog.
]]>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 & Wakefield.
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]]>The post HUBB NYC PICKS UP LES RENTAL FOR $64M appeared first on HUBB NYC Properties LLC Blog.
]]>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 Aviv, the buyer told The Real Deal. The purchase price was $63.5 million.
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]]>The post J.P. MORGAN PROVIDES $99.8M ACQUISITION LOAN FOR MANHATTAN MULTIFAMILY PORTFOLIO appeared first on HUBB NYC Properties LLC Blog.
]]>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 NYC Properties. Adam Spies, Doug Harmon and Adam Doneger, also of Cushman & Wakefield, brokered the sale of the portfolio. The seller was not disclosed.
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]]>The post HUBB NYC PICKS UP WILLIAMSBURG APARTMENTS IN NEIGHBORHOOD’S BIGGEST DEAL IN 2 YEARS appeared first on HUBB NYC Properties LLC Blog.
]]>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 in Williamsburg since January of 2020, when TF Cornerstone paid nearly $138 million to buy the building at 250 North 10th Street just a few blocks away.
The post HUBB NYC PICKS UP WILLIAMSBURG APARTMENTS IN NEIGHBORHOOD’S BIGGEST DEAL IN 2 YEARS appeared first on HUBB NYC Properties LLC Blog.
]]>The post HUBB NYC NABS MANHATTAN MULTIFAMILY PORTFOLIO FOR $190M appeared first on HUBB NYC Properties LLC Blog.
]]>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 181-199 Columbus, 182-188 Columbus and 464-466 Amsterdam.
The post HUBB NYC NABS MANHATTAN MULTIFAMILY PORTFOLIO FOR $190M appeared first on HUBB NYC Properties LLC Blog.
]]>The post HUBBNYC PAYS $105M FOR HARLEM APARTMENT BUILDING appeared first on HUBB NYC Properties LLC Blog.
]]>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 of the buyer’s optimism for the street.
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]]>The post NEW YORK REIT SELLS FIRST RETAIL PROPERTY IN LIQUIDATION appeared first on HUBB NYC Properties LLC Blog.
]]>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 at 350 West 42nd Street, sources told The Real Deal.
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]]>The post OWNER OF 16-UNIT HELL’S KITCHEN RENTAL FOR FOUR DECADES SELLS FOR $12M appeared first on HUBB NYC Properties LLC Blog.
]]>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 and Joyce Steckman, to CoStar Group. Waltjoyvan has owned the property since the late 1970s, according to David Chera of Kassin Sabbagh Realty, who handled the deal for both sides of the transaction.
The post OWNER OF 16-UNIT HELL’S KITCHEN RENTAL FOR FOUR DECADES SELLS FOR $12M appeared first on HUBB NYC Properties LLC Blog.
]]>The post HUBB NYC PROPERTIES PICKS UP TRIBECA MIXED-USE BUILDING FOR $16M appeared first on HUBB NYC Properties LLC Blog.
]]>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 into two units on the ground floor, a 3,200-square-foot office space occupied by artists and designers on the second floor and five residential apartments on the third through fifth floors. An upholstery store with a lease expiring at the end of September is in one of the ground-floor retail units, and the other is vacant.
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]]>The post HUBB NYC NABS UWS RESI RENTAL BUILDING FROM CATALPA DEVELOPMENT FOR $22.2M appeared first on HUBB NYC Properties LLC Blog.
]]>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 between Amsterdam Avenue and Broadway is comprised of nine three-bedroom, three-full-bathroom apartments and a 2,400-square-foot retail space, which is occupied by H&R Block.
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