Leases
New upscale brasserie to open in the Garment District
Address: 520 Eighth Ave., Manhattan
Landlord: GFP Real Estate
Tenant: 520 Henny LLC
Lease size: 4,000 square feet
Lease length: 16 years
Asset type: Mixed use
Brokers: GFP Real Estate’s Matthew Mandell represented the landlord in-house. GFP Real Estate’s Allen Gurevich represented the tenant.
Sales
Italian marketing firm buys Maspeth wood shop
Address: 58-18 64th St., Queens
Seller: Thomas Fehrenbach
Buyer: Stefano Pieri
Sale price: $5.5 million
Asset type: Industrial
Financings
Former Pfizer headquarters scores loan for residential conversion
Address: 219 and 235 E. 42nd St., Manhattan
Owners: Metro Loft Developers and David Werner Real Estate Investments
Lender: Madison Realty Capital
Loan amount: $720 million
Asset type: Multifamily
News update
Cuomo’s PAC surpasses $9 million
For the next several weeks until the June 24 primary election, Deals of the Day will include a weekly update showing the latest notable donations to Fix the City, the super PAC spending heavily to support Andrew Cuomo’s mayoral campaign.
Fix the City raised $310,750 between May 12 and 18, bringing its total to $9 million. The latest donors, once again drawing heavily from the real estate industry, included:
Henry Elghanayan, Rockrose Development CEO ($50,000)SBV RE Investments, firm founded by Mo Vaughn, Eugene Schneur and Robert J. Bennett ($50,000)Michael Olshan, managing partner, O-Corp Investments ($45,800)Amy Rose Silverman, Rose Associates CEO ($20,000)Elihu Rose, Rose Associates partner ($20,000)Lyft ($15,000)Robert Vecsler, Hyperion Development Group CEO ($2,500)
