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ZG Capital Partners Acquires Office Building In Mott Haven, Bronx For $65M

2417 3rd Avenue (Bruckner Building)
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This Office property located in NY received a loan of $44,800,000 over 4 years ago. The brokers of the deal were Gideon Gil, Maya Steinberger, Alex Lapidus Okin, and Adam Doneger

The Bruckner Building located at 2417 3rd Avenue in Mott Haven, Bronx, has been involved in a recent property transaction. The asset, classified as an office space, was the subject of a loan deal.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $44,800,000
  • Address: 2417 3rd Avenue (Bruckner Building)
  • Market: Mott Haven, Bronx
  • Square Footage: 188,000

Ladder Capital provided the loan for this transaction, with a term of 4 years. The landlords involved in the deal are Bobby Zar and James Tamborlane of ZG Capital Partners. The brokerage team from CushWake, consisting of Gideon Gil, Alex Lapidus, Maya Steinberger, and Adam Doneger, represented the parties in the transaction.

It is worth noting that ZG Capital Partners recently purchased the property for $65 million.

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  • Location
    Bruckner Building, 2417 3rd Avenue, The Bronx, NY, USABruckner Building, 2417 3rd Avenue, The Bronx, NY, USA
  • Loan Value
    $44,800,000$44,800,000
  • Asset Type
    OfficeOffice
  • Parties
    4 Brokers, 2 Agencies, 1 Lender4 Brokers, 2 Agencies, 1 Lender

Agents

Gideon Gil

Gideon Gil

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Financed$5.5B

Adam Doneger

Adam Doneger

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Financed$20.9B

Agencies

Cushman & Wakefield

Cushman & Wakefield

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Volume$167B

Newmark

Newmark

Agency
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Volume$397.4B

Ladder Capital

Ladder Capital

Lender
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Volume$ 704.4B

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Deal Summary

LOAN IMAGE: Alex Lapidus, Bobby Zar, Adam Doneger, James Tamborlane, Gideon Gil & Maya Steinberger DATE: 12/23/2019 ADDRESS: 2417 3rd Avenue (Bruckner Building) MARKET: Mott Haven, Bronx ASSET TYPE: Office LENDER: Ladder Capital LANDLORD: Bobby Zar & James Tamborlane @ZGCapitalPartners BROKERS: @CushWake Gideon Gil, Alex Lapidus, Maya Steinberger & Adam Doneger LOAN AMOUNT: $44,800,000 LOAN TERM: 4 Years SF: 188,000 NOTE: ZG recently purchased for $65M.

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2417 3rd Avenue (Bruckner Building)

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