The Real Deal New York

Posts Tagged ‘greystone’

  • white-castle

    531 Myrtle Avenue and Greystone’s Stephen Rosenberg

    UPDATED, 11:49 a.m., Oct. 6: Midtown-based developer and financial services firm Greystone acquired two Clinton Hill development sites owned by Simon Dushinsky’s Rabsky Group, according to a spokesperson for Greystone. The projected value of the sites after they are redeveloped is a combined $50 million.

    Greystone plans to build an unspecified number of high-end rental apartments at 529-533 Myrtle Avenue and 100-102 Steuben Street. Rabsky had filed plans in May to build a 27-unit, five-story apartment building at the Myrtle Avenue site, which now houses a White Castle restaurant. Karl Fischer was hired as the architect. A spokesperson said the details of Greystone’s rental project are still being determined. [more]

  • 87 Wythe Avenue in Brooklyn

    Renderings of 87 Wythe Avenue in Brooklyn

    Greystone’s Dumbo apartment building and GFI Development’s 5 Beekman Street conversion are among the latest projects to receive a new batch of intriguing renderings in the past week. Click here for renderings and more.

  • 139 North 10th Street

    139 North 10th Street

    Commercial lender and developer Greystone’s Printhouse Lofts at 139 North 10th Street are 50 percent leased less than two weeks after hitting the market. Click here to see the photos.

  • 338 West 15th Street

    338 West 15th Street

    Ian Schrager’s 200,000-square-foot Public hotel and the large mixed-use project known as Two Fulton Square are among the latest projects to receive a new batch of mind-blowing renderings in the past week or so. Click here for a slideshow and more.

  • 139 North 10th Street

    139 North 10th Street

    A 104-year-old former warehouse in Williamsburg is back online following a long-delayed conversion to luxury rentals.

    Commercial lender and developer Greystone teamed up with HTO Architect PLLC and Durukan Design to convert the 139 North 10th Street property into 36 loft-style apartments. Most will come in the form of one-bedrooms, with prices starting at $2,600 per month. A handful of two- and three-bedroom apartments will also be available. While no renderings have surfaced juset yet, the units are said to preserve the warehouse’s industrial interior, including exposed beams, oversized tilt-and-turn windows, exposed brick columns and 13-foot ceilings. [more]

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  • 29-32-northern-boulevard

    29-32 Northern Boulevard

    Brooklyn developer Rabsky Development, headed by Simon Dushinsky, plans to build a 44-story residential tower with 415 units in Long Island City.

    The building is slated to rise at 29-32 Northern Boulevard, near Queens Boulevard. It will feature first-floor commercial space and a 43rd-floor pool and lounge, as well as parking, a fitness center and bicycle storage. The residential component could either be rentals or condominiums. [more]

  • Renderings of 137-143 North 10th Street and Shay Zach

    Renderings of 137-143 North 10th Street and Shay Zach

    Commercial lender and developer Greystone has acquired a half-completed condominium conversion in Williamsburg for $15.95 million from Brooklyn developer Rabsky Development, The Real Deal has learned. [more]

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  • At the desk of: Stephen Rosenberg

    March 25, 2013 04:30PM

    Stephen Rosenberg

    From the March issue: Stephen Rosenberg, the president and CEO of Greystone, founded the real estate lender and private investment group in the back of a friend’s music store in 1988. Today, the company has some $15 billion under management and 5,000 employees nationwide, including 150 in New York. The company is also the nation’s largest originator of multi-family loans insured by the U.S. Department of Housing and Urban Development. While in the past, Greystone did the bulk of its business outside New York, its recent acquisition of the Bassuk Organization, an investment bank that caters to high-profile New York developers — such as the LeFraks and the Rudins — will mean an expansion of the business here. [more]

  • From left: Richard Bassuk of the Bassuk Organization, Stephen Rosenberg of Greystone

    Mortgage lender Greystone and the Bassuk Organization, a provider of real estate investment banking services, are launching a joint venture to offer financing products for commercial real estate clients across the U.S., the companies announced today.

    Greystone, headquartered in New York City with 17 offices nationwide, manages roughly $15 billion in assets and specializes in multifamily and commercial mortgage loans. The Bassuk Organization, meanwhile, operates as a real estate finance intermediary and advisory firm, with clients drawn from developers and investors in the tri-state area. [more]

  • Lenders approved by the Federal Housing Administration are “doing extremely well right now,” said Stephen Rosenberg, CEO of commercial lender Greystone. Greystone is involved with several New York properties, including 180 East 93rd Street, an eco-friendly condominium on the Upper East Side built by the company’s development arm, and the Bronx’s Bay Park Center for Nursing and Rehabilitation. Greystone provided $32.6 million to refinance the property in June. Rosenberg told CNBC‘s “Squawk Box” that contrary to a few years ago, when as a Fannie Mae and FHA lender Greystone could scarcely compete with the market, the company now has seen its volume increase dramatically and is looking to hire staff. “We are getting, really, almost inundated with calls from banks — large and small — to purchase their multi-family commercial loan portfolios. Fortunately we are in a position where we are able to purchase because besides being an FHA lender, we are also one of the leading Fannie Mae lenders,” Rosenberg said.


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