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CBRE PRESS RELEASE – $6M Financing Yonkers Market with NuRealty Advisors Inc.

  • Listing type: Sold
  • Property type: Multi-Family

Property Description

P R E S S R E L E A S E                                              CBRE

CBRE SECURES $6.0 MILLION IN FINANCING FOR ACQUISITION OF
MULTIFAMILY PORTFOLIO SITUATED IN YONKERS, NEW YORK

New York, NY – December 8th, 2016 – CBRE Capital Markets’ Debt & Structured Finance
team secured a $6.0 million loan for the acquisition of a multifamily portfolio consisting of
three residential properties in Yonkers, New York. Jared Sobel, vice president, of CBRE’s
Midtown Manhattan office arranged the financing on behalf of the borrower. The five-year,
interest-only, non-recourse, fixed-rate loan in the mid three percent range, was provided by
Freddie Mac.

“The acquisition of this residential portfolio represented a terrific opportunity for our client to
enter a submarket outside of Manhattan where real estate values are flourishing,” said Mr.
Sobel. “Cap rates in the portfolio were at favorable levels for the borrower, offering significant
upside.”

Totaling 63 residential units, the three-building portfolio was sold by Michael Nukho, principal
broker, and Lukasz Przybylek, associate broker, both representing Yonkers-based NuRealty
Advisors, Inc.

Michael Nukho

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