PRESS RELEASE
20 January 2025

Farrell Fritz Aids In Closing $102.5M Multifamily Portfolio Transaction In Brooklyn, NY

FF
Farrell Fritz, P.C.

Contributor

Farrell Fritz is a full-service regional law firm with approximately 80 attorneys in five offices, dedicated to serving closely-held/privately-owned/family owned businesses, high net worth individuals and families, and nonprofit organizations. Farrell Fritz handles legal matters in the areas of bankruptcy and restructuring; business divorce; commercial litigation; construction; corporate and finance; emerging companies and venture capital; employment law; environmental law; estate litigation; healthcare; land use and zoning; New York State Regulatory and Government Relations; not-for-profit law; real estate; tax planning and controversy; tax certiorari, and trusts and estates.

Farrell Fritz real estate attorneys Jeff Levin and Laura Fallick represented an affiliate of Derby Copeland Capital in providing financing for the purchase of a multifamily portfolio in Brooklyn, NY by Flatiron Realty (Michael and Edward Ostad).
United States

Farrell Fritz real estate attorneys Jeff Levin and Laura Fallick represented an affiliate of Derby Copeland Capital in providing financing for the purchase of a multifamily portfolio in Brooklyn, NY by Flatiron Realty (Michael and Edward Ostad). The financing consisted of senior term financing and renovation financing in the aggregate amount of $98,000,000.

Previously owned by the Pintchik family, prominent landlords along Brooklyn's Flatbush Avenue, the portfolio includes 26 buildings with 84 residential units and 28 retail spaces, totaling 40,000 square feet of retail space.

To read more about this transaction, please see the following news coverage:

Flatiron Realty Snaps Up Brooklyn Multifamily Portfolio for $102M – Commercial Observer

Pintchik Family Sells $100M Prospect Heights Portfolio

26-Building Prospect Heights Portfolio Sells for Reported $102M – Connect CRE

Real Estate Family Buys Mixed-Use Brooklyn Portfolio for $103M

Pintchik family sells Brooklyn mixed-use portfolio | Crain's New York Business

Contributor

Farrell Fritz is a full-service regional law firm with approximately 80 attorneys in five offices, dedicated to serving closely-held/privately-owned/family owned businesses, high net worth individuals and families, and nonprofit organizations. Farrell Fritz handles legal matters in the areas of bankruptcy and restructuring; business divorce; commercial litigation; construction; corporate and finance; emerging companies and venture capital; employment law; environmental law; estate litigation; healthcare; land use and zoning; New York State Regulatory and Government Relations; not-for-profit law; real estate; tax planning and controversy; tax certiorari, and trusts and estates.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More