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Jonathan R. Zamir Of Keystone Equities Acquires $217M Portfolio From Cross River Bank

Property Image
SOLD
$217,000,000

New York

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Mixed-use
Sold 09/25/2024
the dealdetailscomps
Property Image
SOLD

Jonathan R. Zamir Of Keystone Equities Acquires $217M Portfolio From Cross River Bank

Mixed-use
Sold 09/25/2024
the dealdetailscomps

Summary

Asset Type:Mixed-use
Transaction Type:Sale

The transaction involves a portfolio of performing loans in the mixed-use, multifamily, and office asset categories. The transaction was completed for $217 million, contributing to the buyer's portfolio in the Brooklyn, NYC Tri-State market.

Summary of transaction details:

  • Property Type: Mixed-use, Multifamily, Office
  • Transaction Amount: $217,000,000
  • Buyer: Jonathan R. Zamir - Keystone Equities
  • Seller: Shimon Eisikowicz & Bhavik Khatri - Cross River
  • Date of Transaction: 09/25/2024

This acquisition is a strategic move for Keystone Equities, enhancing their presence in New York City, and is part of a series of recent investments. Shimon Eisikowicz, representing Cross River, remarked on the innovative approach taken in structuring high-quality commercial real estate loans, emphasizing the seamless execution available to their clients and partners.

Details

SOLD
IMAGE: Shimon Eisikowicz, Jonathan R. Zamir & Bhavik Khatri DATE: 09/25/2024 MARKET: Brooklyn, NYC Tri State ASSET TYPE: Mixed-use, Multifamily, Office BUYER: Jonathan R. Zamir (@Jonny_Zamir)- Keystone Equities SELLER: Shimon Eisikowicz & Bhavik Khatri - Cross River (@CrossRiver_) SALE PRICE: $217,000,000 NOTE: Keystone Equities has acquired a $217 million portfolio of performing loans from Cross River Bank, secured by assets across New York City. This transaction enhances Keystone's growing presence in the region and follows a series of recent strategic investments. Keystone's CEO, Jonathan Zamir, noted the portfolio aligns with their investment strategy and positions them to capitalize on market opportunities during a time of reduced liquidity. Cross River’s EVP and Chief Lending Officer, Shimon Eisikowicz also shared that the sale is a testament to the bank’s proven innovative strategy — structuring and originating high quality CRE loans, leveraging technology & syndicating to distribution channels to offer seamless execution that clients and partners can trust. For more information, visit https://link.edgepilot.com/s/3a84e9e6/PzJbxxHoT0S7ctQzoeiniQ?u=http://www.keystoneequitiesllc.com/. Cross River’s Commercial Banking Group serves as a strategic partner to other banks and non-banks in real estate syndications. To learn more, please visit https://link.edgepilot.com/s/d1da4b4a/5eRamL4cxEae_uKXpARUuQ?u=http://www.crossriver.com/.

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