BBG News

Recent Transactions of Note: Spring 2023

Apr 25, 2023

Members of BBG’s Transactional Department recently handled the following: 

Partners Daniel T. Altman and Stephen M. Tretola, and associate Joshua A. Sycoff represented affiliates of Dalan Management in the $34.25 million sale of a Houston, Texas multifamily property. 

Partner Stephen M. Tretola and associate Joshua A. Sycoff represented the seller of a Westchester commercial property in a $12 million deal. 

Partners Craig L. Price, and Michael J. Shampan and Messr. Sycoff, handled: the $11.350 million purchase of an Brooklyn townhouse; the $8.750 million purchase of an West Village townhouse (with partner Ron Mandel); the $15.250 million purchase of Water Mill property; the $7.575 million sale of an Upper West Side townhouse. 

Partners Stephen M. Tretola and Murray Schneier handled the $26 million refinance of 181 East 119th Street in New York and a tenant in common interest’s acquisition of 116 Edgecombe Avenue in New York. 


Partners Daniel T. Altman and Allison Lissner represented: a Landlord in the negotiation of Option Agreement to enter into a long term ground lease for a 65,000 square foot full square block on Bruckner Blvd in Bronx, NY for the development and operation of a standalone battery energy storage system. 

Partner Murray S. Schneier negotiated a hotel lease in Flushing, New York. 


Our team, led by partner Ron Mandel and associate Frank Noriega: 

  • Obtained approval for a zoning variance from the Board of Standards and Appeals to authorize a manufacturing use that is not permitted by right in the zoning district. 
  • Successfully assisted property owner and architect with “vesting” case to allow development to obtain certificate of occupancy issued pursuant to former zoning district regulations that changed in 2010. 
  • Obtained Zoning Resolution Determination from Department of Buildings to authorize construction of multi-family housing, which will result in substantially more units within the building than would otherwise be permitted.
  • Counseled developer with street mapping issue involving Department of City Planning, Borough President’s Office, and Department of Buildings to authorize construction of sewer line associated with the development of building. 
  • Successfully lobbied Department of Buildings and obtained dismissal of decision previously issued by the Office of Administrative Trials and Hearings (OATH), and monetary penalties removed, related to a Privately Owned Public Space (POPS).  A related POPS amendment for the property is being handled by the firm.  
  • Counseled client regarding Department of Transportation revocable consent process to authorize construction of development on City property. 
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