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

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.