US·Financing·Multifamily
CBRE arranges $17.2M acquisition loan for two SoHo apartment buildings
Value
$17.2M
Location
New York, New York County, New York
Date
2026-04-24
Companies
CBRE, Derby Copeland Capital, Michael Ostad, Ed Ostad
REBusinessOnline reported CBRE arranged a $17.2 million acquisition loan through Derby Copeland Capital for private investors Michael and Ed Ostad. The financing was tied to two historic five-story buildings at 159 and 161 Prince Street in Manhattan's SoHo neighborhood, totaling 37 residential units and two ground-floor retail spaces.
manhattansohomultifamilyacquisition-loan
Source
REBusinessOnline