Newmark Holdings and Northwind Group have purchased the 20-story office building at 40 Exchange Place, in the Financial District, for $115 million, according to Crain’s. They plan to renovate the property to accommodate small to mid-sized office tenants. Renovations will include significant changes to the lobby and the building’s common spaces, as well as the addition of retail space on the ground floor. Natixis Real Estate provided a $65 million acquisition loan and a $16.5 million construction loan.
The Yeshiva of Yisrael has filed applications for a four-story, 20,420 square-foot building at 2899 Nostrand Avenue, in Marine Park, in southern Brooklyn. It will include a house of worship, offices, classrooms, study rooms and academic laboratories, according to the Schedule A. Brooklyn-based Ronald Cagan is the applicant of record, and it appears the Yeshiva’s existing building must first be demolished.
John Lavelle, doing business as an anonymous LLC, has filed applications to build four single-family homes at 871-877 Elbe Avenue, in Grasmere, located on the eastern end of Staten Island. Each residence will stand two stories and measure 1,189 square feet in total. Stanley Krebushevski’s Staten Island-based SMK Architect is the applicant of record, and an existing single-family home must first be demolished. Subdivision of the lot was completed last month.
Brooklyn-based Deutsch Equity has filed applications for a two four-story, seven-unit residential building at 242-244 Hawthorne Street, in Prospect Lefferts Gardens, right around the corner from the Winthrop Street stop on the 2 and 5…
Property owner Charles Manuel, doing business as Green Complex, is planning to renovate the long-vacant, four-story townhouse at 1992 Madison Avenue, between East 126th and 127th Streets in East Harlem. According to Harlem+Bespoke, the former two-family, 5,220 square-foot building will be carved into four residential units, although it’s not known if rentals or condos are in the works. Francisco Perez’s New Jersey-based Axonal Design is the applicant of record.