Month: November 2023

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CrowdStreet: 10 Gordon Drive Self-Storage

The real estate investment platform CrowdStreet launched an offering for a ground-up development of a self-storage facility in Long Island, New York. In times of adverse market conditions and economic uncertainty, a historically resilient and inflation-hedging investment avenue is self-storage facilities. The 10 Gordon Drive Self Storage project is in a market that’s seeing high demand for such facilities, which have seen a 94% occupancy rate and 10% rent growth over the last 12 months according to management company Extra Space Storage, which will provide the facility with its proprietary ...

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RealtyMogul: Bronx Charter School For Children

Real estate investment platform RealtyMogul opened the pledging window for an equity investment in a children’s charter school in New York City’s Bronx borough. Bronx Charter School for Children offering sponsor Barone Management acquired a 99-year ground lease for a 24,300-square-foot vacant commercial building in the South Bronx neighborhood. The property will undergo a renovation, including the addition of an additional floor to add 4,200 square feet to the building, which will become a school. Construction is underway and is expected to be completed by December 2024. An experienced te...

New York Post logo

CityPickle will open its first permanent location this week — here’s where

Getting into a year-round pickleball craze just got easier, as CityPickle's long-awaited indoor courts in LongIsland City — plus a bar, a shop and a restaurant — will open on Friday Sept. 15, The Post has learned. CityPickle's co-founders and long-time friends, Mary Cannon and Erica Desai, leased the permanent location —CityPickle's first brick and mortar, no less — at The Woodworks at 9-03 44th Rd., a newly developed red-brickindustrial property between Ninth and Tenth streets near Vernon Boulevard in the Queens neighborhood. “CityPickle is hoping to remove all the weather anxiety...

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Talonvest Arranges $13.8M Construction Loan for Long Island Self-Storage Facility

SYOSSET, N.Y. — California-based boutique advisory firm Talonvest Capital has arranged a $13.8 million construction loan for a self-storage facility in the Long Island community of Syosset. The facility will consist of 1,025 climate-controlled units and 86 drive-up units for a total of 103,440 net rentable square feet. Talonvest arranged the loan, which carried a five-year term and four years of interest-only payments, through an undisclosed commercial bank. The borrower and developer is Barone Management. Delivery is slated for late 2024. See the original article here. ...

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