TreeTop Development | The Real Deal New York

The Real Deal New York

trd topics
X


NAME


EMAIL


SUGGESTED
UPDATE

captcha

Please type the words that appear above
Than click SUBMIT
By using this form you agree with the storage and handling of your data by this website.

advanced search
TreeTop Development

500 Frank W Burr Blvd., Suite 47
Teaneck, NJ 07666
(973) 622-0073
Website
TreeTop Development

TreeTop Development is a real estate investment firm with holdings mainly in its home state of New Jersey but also in Manhattan and states in the Midwest and Southeast. The firms approach is to identify emerging neighborhoods and create signature anchor properties, then build around those properties with continued investment in that neighborhood. Such properties include multifamily properties in West Harlem and an $82 million purchase of a Rego Park apartment building. The firm has invested heavily in Brooklyns Greenpoint neighborhood, as well. TreeTop has also been a big investor in Newark, building or buying up large residential buildings in the city from 2008 onwards. In 2014 TreeTop bought a multifamily high-rise apartment building in Philadelphia for $47.3 million. In 2015 the firm dabbled with raising funds from Israeli investors via the Tel Aviv Stock Exchange, but eventually TreeTop pulled out.


A&E buying Queens portfolio for $119M
05/25/18
...giant is purchasing a total of 428 apartments from Treetop Development and the Weinroth family in three separate transactions, which are all expected to close...

NYC’s multifamily dollar volume in March hit highest level since 2016
05/21/18
...sale of 94-25 56th Avenue in Elmhurst to Treetop Development, the only deal in the borough to break the $10 million mark. The city’s...

Treetop Development sells Elmhurst rental complex for $57M
04/12/18
...Queens and Adam Mermelstein UPDATED, 1:55 p.m. April 13: Treetop Development has sold its Elmhurst apartment complex to Zara Realty for $56.5 million, according to property...

How long is the Bronx investment runway?
03/21/18
...nucleus is Manhattan,” said Adam Mermelstein, whose firm Treetop Development is an active rental developer in the Bronx. “And from there, the neighborhoods spread...

Jack Parker puts massive multifamily portfolio on the market
03/02/18
...E Real Estate Holdings, Fairstead Capital, Vanbarton Group, Treetop Development, Akelius Real Estate Management and Emerald Equity Group. There are also firms known for...

How long is the Bronx investment runway?
...nucleus is Manhattan,” said Adam Mermelstein, whose firm Treetop Development is an active rental developer in the Bronx. “And from there, the neighborhoods spread...

Did the NYC multifamily market almost die in 2017?
02/22/18
...investors have largely faded from view. Stalwarts like Treetop Development and Black Spruce Management, for example, have quieted down their shopping sprees. “The buyers...

Retail heavyweights turn out for children’s charity benefit
02/14/18
...Rosenberg, Gideon Asset Management’s JoJo Chehebar and Treetop Development’s Adam Mermelstein were among others in attendance. Headquartered in the ultra-Orthodox Jewish enclave...

The top 10 biggest real estate projects coming to NYC
02/09/18
...a pair of mixed-use South Bronx buildings from Treetop Development at 445 and 414 Gerard Avenue, a 20-story, 216-unit apartment building on Coney Island from iStar...

Rent-regulation crackdown is “definitely” impacting multifamily sales: Treetop’s Mermelstein
02/08/18
...in the marketplace,” Adam Mermelstein, managing member of Treetop Development, said Thursday morning during a panel discussion hosted by Ariel Property Advisors. Mermelstein said...

Investor buys 108-unit Far Rockaway building for $22M
02/07/18
...rental complex known as the Sand Castle to Treetop Development for $135 million, and Related Companies is planning a pair of new buildings in the...

Queens waterfront isn’t dominating I-sales like it once did
02/05/18
...in Flushing for $115 million. Other notable sales included Treetop Development’s $135 million purchase of 711 Seagirt Avenue in Far Rockaway and Madison Realty Capital’s...

The Israeli debt game is getting crowded. Here’s a look inside the battle to win US business
01/29/18
...the park,” said Mandel, co-founder of New York-based Treetop Development with Mermelstein. “You open the treasure chest and money comes pouring out.” The partners...

These were the biggest Q4 deals in Queens
01/19/18
...of 131-01 39th Avenue (Credit: Google Maps and Treetop Development) Astoria and Long Island City might be the darlings of the Queens real estate...

Treetop changes plans for two-building South Bronx project
01/16/18
...Rendering of 414 Gerard Avenue (Credit: Woods Bagot) Treetop Development is slightly shifting its plans for the South Bronx. The company announced last year...

Multifamily market in BK, Queens rebounds
01/12/18
...borough’s first transaction above $100 million. That was Treetop Development’s $135 million purchase of a 924-unit rental complex at 711 Seagirt Avenue in Far Rockaway...

These were the top outer-borough real estate loans in November
01/02/18
...to a $97.5 million loan from Signature Bank to Treetop Development for their complex at 711 Seagirt Avenue. Treetop purchased the four-building rental complex in Far...

Treetop buys Far Rockaway rental complex for $135M
11/21/17
...Seagirt Avenue UPDATED, Nov. 28, 3:45 p.m.: Treetop Development picked up a four-building rental complex in Queens’ Far Rockaway neighborhood from E&...

Here’s what the $10M-$20M NYC investment sales market looked like last week
11/21/17
...mid-market New York City investment sales last week, Treetop Development sold off a row of Harlem walk-ups and Solil Management picked up a Turtle...

Demand for Pinnacle bond offering exceeds $500M in Tel Aviv
11/02/17
...million, and in April, they paid $58 million to Treetop Development to add two Flushing rentals with 181 units between them to their portfolio...

Pinnacle Group buys Queens rental building for $32M
10/24/17
...same month, Pinnacle bought two Flushing rentals from TreeTop Development for $58 million. Earlier this month, it bought a 23-unit building in Sunset Park for...

Treetop restructures debt on trio of Queens buildings with $55M loan
05/23/17
...Denman Street, 132-57 Sanford Avenue, 132-25 Maple Avenue Treetop Development restructured its debt on three multifamily Queens buildings with a $54.7 million loan from ACORE...

Here’s what the $10M-$20M NYC investment sales market looked like last week
05/22/17
...mid-market New York City investment sales last week, Treetop Development sold three Hamilton Heights rentals for $14 million and Crown Acquisitions bought a five-story walk-up...

These were the top 10 biggest Queens deals in the first quarter
05/10/17
...El Dorado, approximately $57.6 million Buyer: Pinnacle Group Seller: TreeTop Development Brokerage: Rosewood New Jersey-based TreeTop Development sold this pair of neighboring rentals on Sanford...

NYC multifamily market slides 60% to $1.6B in Q1: report
04/28/17
...a pair of elevator buildings in Flushing from Treetop Development for $57.6 million. The properties, at 132-40 and 133-17 Sanford Avenue, traded for a little...
For more info, click here
  • Event Sales
  • Address 133-21 Sanford Avenue
  • Neighborhood Flushing
  • Borough Queens
  • Square feet 74,007
  • Price $ 27,650,000
  • Price per foot $ 373.61
notes
The 6-story, 89-unit, mixed-unit building in Flushing was sold for $27.7 million.
For more info, click here
  • Event Sales
  • Address 132-40 Sanford Avenue
  • Neighborhood Flushing
  • Borough Queens
  • Square feet 83,430
  • Price $ 29,870,000
  • Price per foot $ 358.02
notes
The 6-story, 94-unit building in Flushing was sold for $29.9 million.
For more info, click here
  • Event Sales
  • Address 556 Lefferts Avenue, 570 Lefferts Avenue
  • Neighborhood Flatbush
  • Borough Brooklyn
  • Square feet 105,000
  • Price $ 25,000,000
  • Publication Date 04/01/2017
  • Event Date 02/15/2017
  • Party 1 Fred Leist, Ivan Leist
  • Party 2 Treetop Development
notes
The two multifamily properties were sold for $25 million.
For more info, click here
  • Event Sales
  • Address 417 Gerard Avenue
  • Neighborhood Mott Haven
  • Borough Bronx
  • Square feet 9,816
  • Price $ 5,000,000
notes
The development site was sold for $5 million.
For more info, click here
  • Event Sales
  • Address 417 Gerard Avenue
  • Neighborhood Mott Haven
  • Borough Bronx
  • Square feet 9,816
  • Price $ 5,000,000
notes
The development site sold for $5 million.
For more info, click here
  • Event Sales
  • Address 94-26 56th Avenue
  • Neighborhood North Corona
  • Borough Queens
  • Square feet 187,800
  • Price $ 40,700,000
  • Price per foot $ 217.00
  • Publication Date 10/01/2016
  • Event Date 08/15/2016
  • Party 1 Mydac Realty
  • Party 2 Treetop Development
notes
The rental building sold for $40.7 million.
For more info, click here
  • Event Sales
  • Address 273 West 131st Street
  • Neighborhood Harlem
  • Borough Manhattan
  • Square feet 59,880
  • Price $ 14,800,000
  • Price per foot $ 247.16
notes
The multifamily residential building sold for $14.8 million.
For more info, click here
  • Event Financing
  • Address 132-40 Sanford Avenue
  • Neighborhood Flushing
  • Borough Queens
  • Price $ 118,000,000
notes
The company secured a $118 million loan for the package that also includes 132-25 Maple Avenue, 132-45 Maple Avenue, 132-57 Sanford Avenue, 132-61 Sanford Avenue, 132-48 41st Road and 133-17 Sanford Avenue and 41-40 Denman Street.
For more info, click here
  • Event Sales
  • Address 17 West 125th Street
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Square feet 9,000
  • Price $ 30,000,000
  • Price per foot $ 3,333.33
notes
The five story property sold for $30 million.
For more info, click here
  • Event Retail leasing
  • Address 2143 Adam Clayton Powell Boulevard
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Square feet 700
For more info, click here
  • Event Retail leasing
  • Address 2143 Adam Clayton Powell Boulevard
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Square feet 900
For more info, click here
  • Event Retail Leasing
  • Address 17 West 125th Street
  • Neighborhood Harlem
  • Borough Manhattan
  • Square feet 1,700
  • Publication Date 01/01/2015
  • Event Date 11/17/2014
  • Party 1 Treetop Development
  • Party 1 Brokerage Kassin Sabbagh Realty
  • Party 1 Broker Dan Myers
  • Party 2 Buffalo Boss
  • Party 2 Brokerage Task Realty
  • Party 2 Broker Adam Stupak, Alex Spanbock
notes
The organic chicken wing chain signed a 10-year lease. The reported asking rent was $100 per square foot.
For more info, click here
  • Event Sales
  • Address 565 West 139 Street, 27-29 Audubon Avenue, 79 Audubon Avenue, 516 West 169 Street, 507 West 170 Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 24,500,000
For more info, click here
  • Event Sales
  • Address 1917 Seventh Avenue
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Price $ 29,000,000
notes
The properties sold for $29 million. The buildings are located at 1917 Seventh Avenue, 110 St. Nicholas Avenue, 120 West 116th Street and 110 West 116th Street. 4 apt. bldgs, 82 units total
For more info, click here
  • Event Sales
  • Building Name 2271-2273 Adam Clayton Powell Boulevard
  • Address 2273 Adam Clayton Powell Boulevard
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Price $ 11,250,000
  • Price per foot $ 272.00
notes
The properties sold for $11.25 million, or $272 per square foot. The buildings are located at 2261, 2267-2269 and 2271-2273 Adam Clayton Powell Boulevard, and the vacant lot is located at 2265 Adam Clayton Powell Boulevard. 3 apt. bldgs and vacant lot
For more info, click here
  • Event Sales
  • Address Harlem portfolio
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 11,250,000
For more info, click here
  • Event Sales
  • Address Harlem portfolio
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 29,000,000
For more info, click here
  • Event Sales
  • Building Name 220 West 116th Street and 449 West 125th Street
  • Address 449 West 125th Street
  • Neighborhood West Harlem
  • Borough Manhattan
  • Price $ 15,400,000
  • Price per foot $ 8.80
notes
The properties sold for $15.4 million. The buildings last traded in November 2012 for $8.8 million. 2 mixed-use bldgs
For more info, click here
  • Event Sales
  • Address 220 West 116th Street 449 West 125th Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 15,400,000
For more info, click here
  • Event Retail Leasing
  • Address 924 Columbus Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 570
notes
The pizza parlor signed a 13-year lease.
For more info, click here
  • Event Sales
  • Building Name 17-27 West 125th Street
  • Address 17 West 125th Street
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Price $ 13,600,000
notes
The property sold for $13.6 million.
For more info, click here
  • Event Sales
  • Address 62-60 99th Street
  • Neighborhood Rego Park
  • Borough Queens
  • Price $ 85,250,000
  • Publication Date 08/01/2013
  • Event Date 06/17/2013
  • Party 2 Treetop Development
  • Party 2 Brokerage HFF
  • Party 2 Broker Jose Cruz, Andrew Scandalios
For more info, click here
  • Event Sales
  • Address 17-27 West 125th Street
  • Neighborhood Harlem
  • Borough Manhattan
  • Price $ 13,600,000
  • Publication Date 08/01/2013
  • Event Date 06/17/2013
  • Party 1 Broker Peter Van Der Ahe, Scott Edelstein, Seth Glasser
  • Party 2 Treetop Development
For more info, click here
  • Event Sales
  • Address 926 Amsterdam Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 53,000,000
notes
The package of multifamily buildings sold for about $53 million. The properties are located at 926 Amsterdam Avenue, 929 Amsterdam Avenue, 931 Amsterdam Avenue, 932 Amsterdam Avenue, 934 Amsterdam Avenue, 964 Amsterdam Avenue, 965-7 Amsterdam Avenue, 969 Amsterdam Avenue, 971 Amsterdam Avenue, 924 Columbus Avenue, 926 Columbus Avenue, 928 Columbus Avenue, 943 Columbus Avenue, 953 Columbus Avenue, 961 Columbus Avenue, 973 Columbus Avenue and 342 Manhattan Avenue. In addition to the apartments, the properties together have 27 commercial units.
For more info, click here
  • Event Sales
  • Address 110 West 116th Street
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Price $ 18,400,000
notes
The package of multifamily buildings with ground-floor retail sold for $18.4 million. The price represents a capitalization rate of less than 6 percent. The properties are located at 120-26 West 116th Street, 1917-19 Adam Clayton Powell Jr. Boulevard, 110 St. Nicholas Avenue and 110 West 116th Street. The residential units include 60 two-bedrooms and 22 three-bedrooms.
To see all, go to Advanced Search
570 Lefferts Avenue
Brooklyn, 11203
560-570 LEFFERTS AVENUE HOLDINGS LLC
570 Lefferts Avenue is a 50,112 square foot property built in 1938 in...
556 Lefferts Avenue
Brooklyn, 11225
560-570 LEFFERTS AVENUE HOLDINGS LLC
556 Lefferts Avenue is a 55,188 square foot property built in 1938 in...
110 West 144th Street
Manhattan, 10030
104-110 WEST 144 STREET HOLDINGS LLC
110 West 144th Street is a 12,890 square foot property built in 1920...
108 West 144th Street
Manhattan, 10030
104-110 WEST 144 STREET HOLDINGS LLC
108 West 144th Street is a 12,890 square foot property built in 1920...
106 West 144th Street
Manhattan, 10030
104-110 WEST 144 STREET HOLDINGS LLC
106 West 144th Street is a 12,890 square foot property built in 1920...
104 West 144th Street
Manhattan, 10030
104-110 WEST 144 STREET HOLDINGS LLC
104 West 144th Street is a 12,890 square foot property built in 1920...
1887 Amsterdam Avenue
Manhattan, 10032
AMSTERDAM 1883 LLC
...
1885 Amsterdam Avenue
Manhattan, 10032
AMSTERDAM 1883 LLC
...
1883 Amsterdam Avenue
Manhattan, 10032
AMSTERDAM 1883 LLC
...
62-60 99th Street
Queens, 11374
SHH OWNER LLC
...
41-40 Denman Street
Queens, 11373
...
133-21 Sanford Avenue
Queens, 11355
133-17 SANFORD LLC
...
132-57 Sanford Avenue
Queens, 11355
...
132-45 Maple Avenue
Queens, 11355
...
132-40 Sanford Avenue
Queens, 11355
132-40 SANFORD LLC
...

A new guard takes Upper Manhattan
...re joined by New Jersey–based outfits like Treetop Development and the Orbach Group, Queens-based Alma Realty, Doug Eisenberg of A&E Real...
Sections