NYC real estate in brief

Barnum & Bailey’s James Bailey home for sale
Stribling & Associates is listing Barnum & Bailey Circus
entrepreneur James Bailey’s mansion at 10 St. Nicholas Place in Harlem
for $6.5 million. The 8,250-square-foot Victorian home is
three and a half stories tall with a garden and a cellar. The landmark
limestone building has 12 bedrooms, four full and two half baths, with interiors
designed by Joseph Burr Tiffany, cousin of artist and designer Louis Comfort Tiffany.

Radisson Hotel in New Rochelle gets $6.5M loan
Cooper-Horowitz
has arranged $6.5 million in permanent financing for the Radisson Hotel
of New Rochelle with First Central Savings Bank for New York. The
five-year mortgage was secured at a 7 percent rate with a five-year
extension option. The 10-story hotel has 135,000 square feet of hotel
and office space, with 129 guest rooms and 12 office tenants.

Jersey City affordable housing breaks ground
Developers broke ground recently on Margaret S. Herbermann Manor in
Jersey City. The project, developed by Franklin Development Group,
includes 45 new affordable and workforce housing units. The five-story
development is being constructed to meet LEED silver certification, and
completion is expected in spring 2010. “That we were able to bring this
project on-board now and line up the necessary financing in today’s
very difficult economic climate speaks volumes about the people and
entities involved,” said the Jersey City Redevelopment Agency’s Robert
Antonicello. TRD