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Since December, financial intermediary and mortgage broker Singer & Bassuk Organization (SBO) facilitated over $730 million in funding for eight Manhattan properties, including the $120 million 88 Leonard Street, the company's largest deal in the first quarter of 2005. The Tribeca-area property features 386,000 sq. ft. of mixed-use office, retail and residential space, including 352 apartments. The largest SBO deal over the last six months is 325 Fifth Avenue, a $178.9 million mixed-use development featuring 40 floors of 250 luxury condos and 6,000 sq. ft of retail space. The project is expected to be completed in 2006.
TOP 8 SBO MANHATTAN DEALS SINCE DECEMBER
| FUNDING | PROPERTY |
|---|---|
| $178.9 million | 325 Fifth Avenue |
| $120 million | 88 Leonard Street |
| $116 million | 95-97 Horatio |
| $92 million | 18 West Street |
| $82.5 million | 90 Washington Street |
| $75 million | 111-115 Fifth Avenue |
| $50 million | 67 Wall Street |
| $15.8 million | 109-121 110th Street |
