About Castellan Real Estate Partners by Castellan Real Estate Partners https://padlet.com/CastellanRealEstatePartners/About Castellan Real Estate Partners invests in real estate in major metropolitan areas of the United States, such as New York City. Since its inception, the company has completed $750 million in transactions. The company’s acquisition platform was implemented in 2009 to take advantage of the economic downturn and the high number of property dispositions at the time. Today, Castellan Real Estate Partners’ investment philosophy focuses on the increasing urbanization of populations. As an integrated firm, Castellan maintains dedicated teams for investment, financing, development, and property management. As a property manager, the firm strives to maintain positive relationships with tenants to keep them satisfied. Tenant satisfaction results in on-time payments and lower turnover rates. In addition to keeping lines of communication with tenants open, the company invests in capital improvements in its buildings, including new roofs, energy-efficient windows, updated safety equipment, and upgraded intercom systems. The company also maintains a dedication to green development of its property portfolio. The Harlem Community Development Corporation (HCDC) chose the company as its first partner for a project to install solar panels on building rooftops. In addition, HCDC asked a Castellan managing partner to lobby for more funding for the program. en-us 2017-04-21 09:56:06 UTC 2022-05-06 03:20:56 UTC hello@padlet.com Vimeo CastellanRealEstatePartners https://padlet.com/CastellanRealEstatePartners/About/wish/167449583 2017-04-21 09:57:47 UTC https://padlet.com/CastellanRealEstatePartners/About/wish/167449583 CastellanRealEstatePartners https://padlet.com/CastellanRealEstatePartners/About/wish/178423188 2017-07-10 21:35:11 UTC https://padlet.com/CastellanRealEstatePartners/About/wish/178423188 CastellanRealEstatePartners https://padlet.com/CastellanRealEstatePartners/About/wish/178423213 2017-07-10 21:35:33 UTC https://padlet.com/CastellanRealEstatePartners/About/wish/178423213 CastellanRealEstatePartners https://padlet.com/CastellanRealEstatePartners/About/wish/178423225 2017-07-10 21:35:48 UTC https://padlet.com/CastellanRealEstatePartners/About/wish/178423225 CastellanRealEstatePartners https://padlet.com/CastellanRealEstatePartners/About/wish/178423233 2017-07-10 21:36:00 UTC https://padlet.com/CastellanRealEstatePartners/About/wish/178423233 CastellanRealEstatePartners https://padlet.com/CastellanRealEstatePartners/About/wish/178423243 2017-07-10 21:36:14 UTC https://padlet.com/CastellanRealEstatePartners/About/wish/178423243 CastellanRealEstatePartners https://padlet.com/CastellanRealEstatePartners/About/wish/178423270 2017-07-10 21:36:34 UTC https://padlet.com/CastellanRealEstatePartners/About/wish/178423270 Meridian Investment Sales Team Sells Property at 90 Chambers Street for $10.7 Million CastellanRealEstatePartners https://padlet.com/CastellanRealEstatePartners/About/wish/179192292 Meridian Investment Sales, the commercial property sales division of Meridian Capital Group, exclusively represented the seller, Chambers Fish LLC and procured the buyer, Castellan Real Estate Partners. Meridian’s Lipa Lieberman, Abie Kassin, and David Schechtman, exclusively represented the seller and procured the buyer. Meridian Capital Group Vice President, Judah Hammer, negotiated the assumption of the existing loan on the property on behalf of Castellan Real Estate Partners.

The five-story mixed-use property, located at 90 Chambers Street in the heart of Manhattan’s popular Tribeca neighborhood, consists of five residential units and 2,175 square feet of ground floor retail space. The walk-up property’s second, third and fourth floors are loft apartments, the fifth floor has two residential units and the building has approximately 5,000 square feet of air rights. Each unit features an open kitchen with stainless steel appliances, in-unit washer and dryer, and marble bathrooms. Situated on a heavily trafficked block between Broadway and Church Street, 90 Chamber Street’s façade was renovated and painted, the roof was recently replaced and there is an existing elevator shaft, which can be recommissioned as a value-add opportunity by the new owner. The property is a fully leased building with strong cash flow and offers an excellent opportunity for a condominium conversion, in a neighborhood, where demand continues to outpace supply.

Located in prime Tribeca, 90 Chambers Street is less than a block from City Hall Park and offers close proximity to some of Downtown Manhattan’s most sought after tourist attractions. It is also within walking distance from a variety of restaurants, shops, a popular nightlife scene and the Hudson River Park. Tribeca has become an increasingly desirable neighborhood for home seekers, due to an abundance of reputable schools, and access to public transportation, including the A, C, N, R, J, Z, 1, 2, 3, 4, 5, and 6 subway lines.

“Tribeca is rapidly expanding and there is a strong need for additional residential and retail supply,” said Mr. Lieberman. “90 Chamber Street’s premier location offers residents and visitors some of the city’s most sought after attractions, adding foot traffic and making this fully-leased property a hard to come by investment opportunity.”

]]> 2017-07-21 14:23:44 UTC https://padlet.com/CastellanRealEstatePartners/About/wish/179192292 Go Green Brooklyn Festival Showcases Local Green Initiatives CastellanRealEstatePartners https://padlet.com/CastellanRealEstatePartners/About/wish/1895896607 Castellan Real Estate Partners has become a major adopter of environmentally conscious practices in New York City. Since 2009, the firm has completed more than $875 million in real estate transactions. Under managing partner John Salib, Castellan Real Estate Partners has worked closely with nonprofit organizations, including the Brooklyn office of the Community Environmental Center (CEC).]]> 2021-11-17 03:40:00 UTC https://padlet.com/CastellanRealEstatePartners/About/wish/1895896607 NYC's Weatherization Assistance Program CastellanRealEstatePartners https://padlet.com/CastellanRealEstatePartners/About/wish/2172359329 Real estate investment firm Castellan Real Estate Partners leveraged opportunities presented by the 2009 financial crisis to built up an extensive real estate portfolio. Today, the company collaborates with New York City agencies to manage and implement building improvements that reduce net energy consumption and utility costs. Recently, Castellan Real Estate Partners received a $1.7 million grant from the New York State Weatherization Assistance Program to subsidize their efforts.

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