NEW YORK CITY-The prewar elevator property with 214 residential units and ground-floor retail space sheds for $400 per sf at a projected 5.2% cap rate.

NEW YORK CITY-The prewar elevator property with 214 residential units and ground-floor retail space sheds for $400 per sf at a projected 5.2% cap rate.

NEW YORK CITY-Meir Cohen and Ben Korman shed the 50,997-sf property at 2856-2860 Steinway St. in Astoria for $441 per sf.

NEW YORK CITY-Meir Cohen and Ben Korman shed the 50,997-sf property at 2856-2860 Steinway St. in Astoria for $441 per sf.

NEW YORK CITY-Structured Real Estate Finance Group at M&T Bank arranges the three-year short-term financing for $250 million for 50 W. 34th St.

NEW YORK CITY-Structured Real Estate Finance Group at M&T Bank arranges the three-year short-term financing for $250 million for 50 W. 34th St.

NEW YORK CITY-Structured Real Estate Finance Group at M&T Bank arranges the three-year short-term financing for $250 million for 50 W. 34th St.

NEW YORK CITY-CBRE's market forecast predicts tightening availability, continued higher pricing and the spread between Midtown and Downtown to narrow.