Deals of the Day: April 4

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Leases

Mobile ad firm inks Midtown lease

Address: 28 W. 44th St., Manhattan
Landlord: APF Properties
Tenant: Big Happy
Lease size: 5,358 square feet
Lease length: Four years
Asset type: Office
Brokers: JLL’s T.J. Hochanadel represented the tenant. Avison Young’s Joshua Goldman and John Ryan III represented the landlord.

Nonprofit expands at Essex Crossing project on Lower East Side

Address: 175 Delancey St., Manhattan
Landlord: Delancey Street Associates
Tenant: Project EATS 
Lease size: 3,449 square feet
Asset type: Office

Sales

Historic Chrysler service center in Crown Heights acquired by current tenant 

Address: 1590 Bedford Ave., Brooklyn
Seller: President Maintenance Corp.
Buyer: Metropolitan Transportation Authority 
Sale price: $25.3 million
Asset type: Industrial

Homeless services group buys elevator door factory in Wakefield 

Address: 4541 Furman Ave., Bronx
Seller: Adi Altmark
Buyer: The Jericho Project
Sale price: $10.5 million
Asset type: Industrial

Financings

Landlord refinances a Hyatt hotel loan in Long Island City

Address: 27-03 43rd Ave., Queens
Owner: Prakashkumar Patel
Lender: Dime Community Bank
Loan amount: $11.8 million
Asset type: Hotel

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Julianne Cuba, C. J. Hughes, Eddie Small , 2024-04-04 19:43:23

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