NEW YORK, Aug. 4, 2016 /PRNewswire/ -- Raphael Toledano, President of Brookhill Properties, LLC, a premier New York based real estate investment company, has announced today the expansion of the Brookhill Properties' portfolio with the acquisition of a number of buildings in Manhattan's East Village and the Kips Bay area.
The acquisition, from the Tabak family with no outside broker involved, includes 93 residential units and 4 retail spaces:
- 251 East 10th Street, 10 residential units
- 221 East 10th Street, 24 residential units, 2 retail
- 58 St. Marks Place, 19 residential units, 2 retail
- 218 East 27th Street, 20 residential units
- 220 East 27th Street, 20 residential units
"I am pleased to expand our growing New York City Real Estate portfolio," said Raphael Toledano, President of Brookhill Properties, LLC. "These buildings are prime acquisitions in highly desirable residential neighborhoods of Manhattan and I am thrilled that Brookhill Properties will continue to provide sound, multi-family housing for many New York City Residents."
Paradigm Commercial Real Estate LLC, a full service commercial mortgage firm established in 1999, assisted Brookhill in the 58 St. Marks, 251 East 10th, 218 East 27th and 220 East 27th transactions.
"It was a pleasure introducing Brookhill to our regional banking lending relationships," said Michael Edery of Paradigm Commercial Real Estate LLC. "The professionalism of the Brookhill office, as well as the quality of these buildings, greatly enhanced our role as mortgage brokers to bring financing sources to the table."
About Brookhill Properties
Brookhill Properties is a real estate investment firm that has established itself strategically in the New York City market. Brookhill Properties is focused on the acquisition and development of residential properties in the East Village and Chelsea neighborhoods and prides itself on the quality of service provided to all tenants. Brookhill was founded by entrepreneur Rafi Toledano, who has a proven track record of successful real estate investment transactions. The Brookhill team brings together a unique group of knowledgeable professionals with broad experience in the global real estate markets, as well as expertize in property development, real estate finance, and law, all working together to maximize investments.
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SOURCE Brookhill Properties, LLC