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נשלח ב-25/7/2004 07:39

פרישע לוקסוס קאנדא פאראזשקט אין ווילי

Luxury Condominiums continue to rise in "Trendy" Williamsburg.
Multi Capital Group, a national real estate finance company, has arranged a $6,000,000 construction loan in Brooklyn NY. The two-properties located in the trendy North Williamsburg section of Brooklyn NY, consist of a vacant parcel of land and a 5 story building.

Brooklyn, NY (PRWEB) July 23, 2004 -- Multi Capital Group, a national real estate finance company, has arranged a $6,000,000 construction loan in Brooklyn NY.

The two-properties located in the trendy North Williamsburg section of Brooklyn NY, consist of a vacant parcel of land and a 5 story building. The land will consist of a six story luxury condo building with one unit per floor. The existing building will be converted into luxury condominiums as well.

Amenities and upscale finishes have been carefully designed, and include hard wood floors, stylish kitchens, granite counter tops, and state of the art appliances, pre wired for high speed internet access, stylish baths, and a video intercom system.

Area comps are currently between $550.00 and $800.00 PSF.Units are anticipated to be sold at $550.00 - $800.00 PSF.

New York's Metropolitan National Bank provided the 18 month loan. A local developer is building the projects.

# # #

About Multi Capital Group LLC

Multi Capital Group, Inc. (www.Multigroups.com) is a nationwide finance company specializing in the full spectrum of real estate financing. Multi Capital Group is known for its expertise in arranging Senior Debt, Mezzanine, and Equity for Development Deals. With its financing experts originating from the real estate development arena, Multi has the expertise needed to syndicate these transactions. Multi Capital Group provides a service that is unmatched in efficiency, speed, and thoroughness. Multi currently has over $600,000,000 in development deals in the pipeline.

הטקסט שלך כאן

נשלח ב-25/7/2004 08:17

5804 17th Ave
Brooklyn, NY 11204-2141
Phone: 718.234.7851
Fax: 718-234-7854
די אדרעס פין די אינוועסטמענט קאפעני אפשר ווייסט אינער ווער דאס איזז
100 Church St. 16th Fl.
New York NY 10007
Phone: 212.227.5155
Fax: 212.898.9003

די אדרעס איז ביי דעפ אויפ סטעיט אוו ניו יארק
MULTI CAPITAL GROUP I, LLC
800 AVE H SUITE 4 L
BROOKLYN, NEW YORK 11230

תוקן על ידי - ekstein - 25/07/2004 8:19:17

תוקן על ידי - ekstein - 25/07/2004 8:22:56

נשלח ב-25/7/2004 07:45

אין טיימס ווערט באהאנדעלד דעם טייערען מארקעט אין ווילי פאר 400-500 א סקווער פוס

We have seen more and more of this, especially in areas where inventory is so limited," said Melissa Cohn, chief executive of the Manhattan Mortgage Company, referring to the availability of apartments.

Many of those eager to buy in Brooklyn neighborhoods like Williamsburg are moving from Manhattan, said Gerard Longo, president of Madison Estates and Properties, which specializes in residential lofts in Williamsburg and other residential properties in Brooklyn.

Older town houses, he said, tend to be less expensive than new condos. In Williamsburg, for example, new condos are selling for $475 to $575 a square foot. At Roebling Court Condominiums, the 16 units sold for $450 a square foot a year ago and today would go for $525 a square foot, he said. Town houses in the same neighborhood are selling for $350 a square foot but often need as much as $50 a square foot in repairs.

According to statistics compiled by the Corcoran Group, Brooklyn town houses are a bargain compared with other homes in the borough. In the first quarter of 2004, the average cost of a condominium sold by Corcoran in Brooklyn was $505.88 per square foot. For co-ops it was $495.08 a square foot. Town houses, however, were selling at $387.36 per square foot.

By going in together, buyers also avoid contending with sometimes fickle co-op boards, said Shari Sperling, an agent in the Corcoran Group's Brooklyn office. Such buyers may also find an older town house or brownstone with attractive features like high ceilings and turn-of-the century details.

It's an approach that appealed to Emilia Nowak, 29, a project manager and graduate student at Columbia University, who has been looking for a three- or four-family town house in Brooklyn with her sister and a few friends for the last six months. They want to spend $800,000 to $900,000.

http://www.nytimes.com/2004/07/11/realestate/11COV.html?ei=5006&en=fc875a14b14d5bdf&ex=1091332800&partner=ALTAVISTA1&pagewanted=print&position=
הטקסט שלך כאן

תוקן על ידי - ekstein - 25/07/2004 7:46:18

נשלח ב-25/7/2004 07:40

http://news.yahoo.com/news?tmpl=story&u=/prweb/20040721/bs_prweb/prweb143139_1

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