Demand is High for Greystone Development’s 13-Story Modern Residential Building
Greystone Development, a New York-based real estate development company, announced today that No. 223, a newly-constructed 13-story apartment building next to Brooklyn’s landmarked Public Bath No. 7 in Park Slope, is over 50 percent leased. Victoria Silvers and Nicholas Lonsbury of MNS are exclusively handling the leasing for the property.
Located between Union and President Streets on 4th Avenue, No. 223 offers 63 residences, including spacious no-fee studio, 1- and 2-bedroom units ranging from approximately 400 to 1,060 square feet, some with outdoor space. Net effective rents begin at $2,475 per month for a studio.
Daniel Goldner Architects designed the building, which is clad in red brick at street level to echo the existing architecture of the neighborhood.
Each residence offers sleek, attractive interiors and finishes, with maximized light and air pouring through the floor-to-ceiling windows. The building features a virtual doorman; part-time attended lobby; a double-height residents’ lounge with a designated catering kitchen; a furnished, landscaped roof deck with unparalleled views of Manhattan; and bicycle storage.
The lobby features custom artwork from the well-known pop culture artist Eric Hibit, whose vibrant paintings have been on exhibit in local galleries and at the Curator’s Office in Washington D.C., the Geoffrey Young Gallery in Great Barrington, MA, and the University of Vermont.
“Our leasing success to date indicates a strong local demand for a modern property with valuable lifestyle amenities that invite residents to meet, relax and entertain. No. 223 truly resonates with prospects who want well-appointed homes in one of Brooklyn’s most sought-after neighborhoods,” said Thomas Ryan, head of Greystone Development.
No. 223 is ideally located next to the Union Street MTA station, and is within walking distance of a wide variety of restaurants and retail shops including Whole Foods, Royal Palms Shuffleboard Club, Brooklyn Boulders, Pig Beach, Blink Fitness, Dinosaur BBQ, and 5th Avenue boutiques.
For more information, visit www.223parkslope.com, call (646) 781-8365 or email عنوان البريد الإلكتروني هذا محمي من روبوتات السبام. يجب عليك تفعيل الجافاسكربت لرؤيته..
Based in Portland, FHA Underwriting Veteran Brings Additional Depth to a Seasoned Bench
Greystone, a leading commercial real estate lending, investment, and advisory company, announced that Eben H. Cockley has joined as Deputy Chief Underwriter for the FHA lending platform, focusing on market rate multifamily and affordable housing. Greystone is currently ranked as the #1 HUD lender for combined multifamily and healthcare finance.
“Our clients repeatedly tell us they keep choosing Greystone because we provide the best experience and best execution – and that comes down ensuring we have the right people in place to deliver that time and again,” said Nikhil Kanodia, head of production for Greystone’s FHA lending group. “Eben’s long tenure as a MAP underwriter is a tremendous asset for our team, and for our clients. We’re thrilled to welcome him to Greystone and to our growing team in Portland.”
Prior to joining Greystone, Cockley served as associate director for the FHA mortgage banking division at Red Mortgage Capital. He began his career as a research associate at FTN Midwest Securities. A Finance major, Cockley received his Bachelor’s degree in Business Administration from the Fisher College of Business at The Ohio State University.
Cockley reports to Kelley Klobetanz in Denver, CO, who leads a growing team for FHA multifamily underwriting at Greystone.
Greystone, a real estate lending, investment, and advisory company, announced it has provided an $11,250,000 Fannie Mae Delegated Underwriting and Servicing (DUS) loan to refinance a 302-unit multifamily property in Ypsilanti, Michigan. The transaction was sourcedby Cary Belovicz, executive managing director of Greystone Bel Real Estate Advisors, and originated by John Marr, a managing director at Greystone.
The $11.3 million Fannie Mae loan carries a 10-year term and 30-year amoritization period. Located in the heart of Ypsilanti, the Ranches of Rosebrook offers 302 market-rate, 650-square foot two-bedroom, 1-bath ground level units within easy access to downtown Ypsilanti, I-94, Depot Town, Eastern Michigan University and Washtenaw College. Residents of the pet-friendly property enjoy access to on-site laundry and parking in a convenient, quiet neighborhood setting.
“When it came time to refinance, our client trusted in us because of the breadth of our access to an extended lending platform, but importantly, because of the trusted relationship he had built with our team through prior transactions,” said Mr. Belovicz. “Our team was able to exceed client expectations by quickly securing the financing needed to continue with ongoing property management, as well as monetize a portion of his equity.”
At 1501 Southwest 37th Avenue, a New 14-Story Modern Multifamily Property Welcomes Tenants
Greystone Development, a New York City-based real estate development company, has begun leasing residential units at The Aura, located in the heart of Coral Gables, Florida at 1501 Southwest 37th Avenue, within walking distance to downtown and the Miracle Mile.
The Aura, a new 14-story mixed-use development, adds 100 well-appointed one- and two-bedroom units, each with private outdoor space, designer kitchens and in-unit washer / dryers, to one of South Florida’s most sought-after residential neighborhoods and shopping destinations. RKW Residential is the leasing agent for the residential portion of the property.
“The Aura successfully integrates modern functionality with accessible, upscale comforts into a beautiful, livable space for its residents,” said Thomas Ryan, head of Greystone Development. “Coral Gables is one of Miami’s most desirable places to live, work and play, and we are excited that The Aura’s residents will be able to fully enjoy all that this community has to offer.”
Borges + Associates Architects designed the 235,000 square foot, pet-friendly development, which features thoughtfully-planned amenities, including a 24/7 concierge, resort-style pool, sundeck and spa, fitness center, lounge with demo kitchen, and garaged parking.
The Aura also hosts approximately 6,400 square feet of ground floor retail with floor-to-ceiling windows and over 150 feet of frontage along Douglas Road, a highly-trafficked retail corridor. Greystone Development has exclusively engaged Emran Ally at CBRE to lease the retail portion of the property.
For more information, visit www.auracoralgables.com/ or call (833) 919-5324.
At 1501 Southwest 37th Avenue, a New 14-Story Modern Multifamily Property Welcomes Tenants
Greystone Development, a New York City-based real estate development company, has begun leasing residential units at The Aura, located in the heart of Coral Gables, Florida at 1501 Southwest 37th Avenue, within walking distance to downtown and the Miracle Mile.
The Aura, a new 14-story mixed-use development, adds 100 well-appointed one- and two-bedroom units, each with private outdoor space, designer kitchens and in-unit washer / dryers, to one of South Florida’s most sought-after residential neighborhoods and shopping destinations. RKW Residential is the leasing agent for the residential portion of the property.
“The Aura successfully integrates modern functionality with accessible, upscale comforts into a beautiful, livable space for its residents,” said Thomas Ryan, head of Greystone Development. “Coral Gables is one of Miami’s most desirable places to live, work and play, and we are excited that The Aura’s residents will be able to fully enjoy all that this community has to offer.”
Borges + Associates Architects designed the 235,000 square foot, pet-friendly development, which features thoughtfully-planned amenities, including a 24/7 concierge, resort-style pool, sundeck and spa, fitness center, lounge with demo kitchen, and garaged parking.
The Aura also hosts approximately 6,400 square feet of ground floor retail with floor-to-ceiling windows and over 150 feet of frontage along Douglas Road, a highly-trafficked retail corridor. Greystone Development has exclusively engaged Emran Ally at CBRE to lease the retail portion of the property.
For more information, visit www.auracoralgables.com/ or call (833) 919-5324.
Greystone, a leading commercial real estate lending, investment and advisory company, announced that it has expanded its full-service multifamily investment sales and advisory capabilities in Texas with the addition of an experienced Dallas-based team led by Todd Franks. Operating as the joint venture Greystone Investment Sales Group, the team includes 12 advisors with extensive experience in multifamily, single-family rental portfolios, seniors housing, student housing, and land sales transactions. The team will leverage a powerful combination of Greystone’s comprehensive financial platform and Greystone Investment Sales Group’s multifamily sales expertise.
Recently recognized as a D Magazine “Power Broker,” Mr. Franks has built an active and respected advisory group in Dallas. He previously founded the Dallas-based SVN | Investment Sales Group operation, ranking in the Top 5 of the company’s advisors globally in 2015, with that office location recognized as the #1 in the Southwest Region in 2015, 2016, and 2017. Prior to that, Mr. Franks represented The Cantrell Company and was recognized as an all-time top producer. Mr. Franks and his team have driven over $1.4 billion in sales transactions.
“With the niche we have built based on submarket knowledge and off-market intelligence, adding Greystone’s unmatched suite of lending platforms makes our advisory offering incomparable in the Texas market and beyond,” said Mr. Franks.
“Expanding across Texas into Dallas / Fort Worth fulfills a major strategic priority for us in teaming up with the very best in the Southwest to complement our growing national platform of multifamily advisors,” said Jim McDevitt, President, Greystone Real Estate Advisors. “Todd has proven he is a leader in the market, and we are thrilled to have him and his team on board.”
In 2018, Greystone welcomed the National Apartment Advisors team in Houston to its sales advisory network.
