Fed raised rates 25 bps to 3.75%–4.00%. Borrowers are shifting toward short-term debt as higher rates pressure asset values, while strong liquidity continues to support lender competition and deal activity.
2 Prime Residential Development Sites in West Harlem: 310 W 121st St & 502 Manhattan Ave
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R7A Zoning allows for 18,000 ZFA (Standard) Buildable SF and 22,525 ZFA (UAP) Buildable SF; Ideal for luxury condominiums, high-end multifamily units, or a grand townhome conversion
Prime Chelsea Garage: The Garage Unit at 85 8th Avenue
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Sitting directly across the street from Google NYC HQ and within walking distance of Chelsea Market, the High Line, Whitney Museum, Chelsea Piers, and the West Side Highway.
Residential Portfolio in Far Rockaway with Redevelopment or Value-Add Potential: Beach 27th Street & 44th Street Portfolio
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The portfolio includes six lots: five located on Beach 27th Street between Seagirt Ave and the boardwalk, and one separate lot on Beach 44th Street between Edgemere and Beach Channel Drives; R4-1 zoning allows for a total of 20,724 BSF for residential redevelopment