The Real Deal New York

Posts Tagged ‘asher abehsera’

  • Only Brooklyn Office Panel

    From left: Tucker Reed, Tim Quinlan, Dan Marks, Jack Cayre, Toby Moskovits and Asher Abehsera at the Only Brooklyn Summit (credit: Don Pollard)

    Faced with an unanticipated wave of tenant demand for large office spreads in Brooklyn, developers are regretting not being more aggressive with their projects. [more]

  • 109 Montgomery Street in Crown Heights (inset: Aaron Lemma and Asher Abehsera)

    109 Montgomery Street in Crown Heights (inset: Aaron Lemma and Asher Abehsera)

    Asher Abehsera and Aaron Lemma’s PWR realty firm has closed on the purchase of a Crown Heights development site near Prospect Park, The Real Deal has learned. [more]

  • JaredKushner184Kent

    From left: Jared Kushner and 184 Kent

    Jared Kushner is bringing condos to a Williamsburg rental building that once housed a Wild Turkey distributor.

    Kushner Cos. plans to convert the 338 residential units at 184 Kent Avenue to condos, for a total sellout of nearly $414 million, according to plans filed with the Attorney General’s office that were reviewed by The Real Deal. [more]

  • From left: Jared Kushner, 175-225 Third Street (Credit: PropertyShark) and Asher Abehsera

    From left: Jared Kushner, 175-225 Third Street (Credit: PropertyShark) and Asher Abehsera

    Jared Kushner’s Kushner Companies and LIVWRK are in contract to buy a block-long development site in Gowanus for between $70 million and $80 million, The Real Deal has learned. [more]

  • Lemma-Abehsera-130

    From left: Aaron Lemma, Asher Abehsera and 130 Third Street (Photo credit: Google)

    The top bidder in a disputed process to buy the Long Island College Hospital campus in Cobble Hill is embroiled in another — although much smaller — property acquisition dispute in Brooklyn. [more]

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  • Lemma-Abehsera-130-King

    From left: Aaron Lemma, Asher Abehsera, 130 Third Street (Credit: Google) and Tim King

    The Midtown-based investment and development firm LIVWRK has inked its second deal in as many weeks to purchase an industrial property on a two-block stretch of Gowanus, company CEO Asher Abehsera told The Real Deal. Like the first, this one is slated for redevelopment into retail and office space. [more]

  • Walentas-117-Adams-Kushner-Asher

    From left: David Walentas, 117 Adams Street (Photo: ProperyShark), Jared Kushner and Asher Abehsera

    Asher Abehsera, a 30-year-old California native, was in the parking lot of Two Trees Management’s Dumbo headquarters when he made the call that would lead to Brooklyn’s biggest deal so far this year — the $375 million acquisition by Kushner Companies, RFR Realty and Invesco Real Estate of a package of buildings owned by the Jehovah’s Witnesses. [more]

  • Renderings of Mercedes House

    Two Trees, whose Domino Sugar factory project is stalled, is liquidating the top 10 floors of its 32-story Mercedes House on the Far West Side in a $170 million off-market deal with the Dallas-based Invesco, sources told Crain’s.

    Two Trees had originally set those floors aside for 162 residential condos;  while construction is still underway, the firm has decided to back out of the $600 million building’s final phase, over worries that marketing could take as long as two years. “This is an expedited route to achieve our exit plan with mitigated risk,” Asher Abehsera, general manager of residential for Two Trees, said. [more]

  • Mercedes House, at 555 West 53rd Street

    Apartments at the second phase of Two Trees’ Mercedes House are in hot demand. Almost half of the apartments at the 384-unit rental building on Eleventh Avenue and 54th Street have already leased since launching two months ago, the developer told the the New York Observer.

    But Asher Abehsera, managing director at Two Trees, has a plan to further augment the building’s success: Rename Eleventh Avenue, a street name that evokes strip clubs, not luxury residential development. [more]

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  • For months, brokers have been describing the Manhattan luxury rental market as white-hot, and here’s further evidence: the 222-unit first phase of Two Trees Management’s new Mercedes House, which hit the market less than three weeks ago, is already 50 percent spoken for.

    The 29-story building at 555 West 53rd Street, named after the 330,000-square-foot Mercedes-Benz showroom at its base, was designed by starchitect Enrique Norten and is priced from $2,200 per month.

    Among the draws: floor-to-ceiling windows, views of the Hudson River, on-site parking and amenity menu that includes a health club, boxing ring, golf simulator, basketball and volleyball courts and both indoor and outdoor swimming pools. TRD[more]

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    The Clocktower triplex at 1 Main Street in Dumbo

    After a nine-month hiatus from the market, David Walentas’ Clocktower building triplex in Dumbo is coming back online with a slashed asking price and a new set of brokers. According to the Post, Walentas has tapped the Kleier klan, of “Selling New York” fame, to market the 7,000-square-foot pad for $23.5 million. Sabrina Kleier Morgenstern, one-third of the Gumley Haft Kleier trio that also includes her mother, Michele Kleier, and sister, Samantha Kleier Forbes, confirmed to the The Real Deal that her family is putting the listing on the market later today and plans to hold a launch party next month to spread the word. The 1 Main Street condominium, which originally hit the market for $25 million in 2009, is still potentially Brooklyn’s priciest ever by a landslide, even after the price chop. … [more]

  • Two Trees' Asher Abehsera and 50 West 23rd Street
    Two Trees’ Asher Abehsera and 50 West 23rd Street

    Brooklyn-based Two Trees Management bought its first Manhattan office building, closing this morning on the 13-story property at 50 West 23rd Street from the Moinian Group for $129.5 million. Asher Abehsera, of Two Trees, represented his firm in the transaction, while Joseph Moinian represented the Moinian Group. The contract for the purchase of the 340,000-square-foot building located in Chelsea was reported in September.

    The sale has not yet appeared in public records. TRD[more]