News:
Brokerage
Posted: January 3, 2008
Bent of Charter reps. seller in $1.3m sale of 80,000 s/f distribution center
The Maple St. Business Center located in the downtown industrial section recently sold for $1.3 million. The buyer is Robert Sarfaty, owner of Mr. Tow, a downtown towing company.
Sarfaty plans to build a 20,000 s/f building at the back of the parcel, next to I-490. The center's tenants are: Crystal Rock Springwater, National Vacuum Corp., Certified Documents Destruction & Recycling, Inc., and Look Outdoor Advertising, LLC. The center is located within a designated New York Empire Zone on 7.47 acres on Maple St. intersecting with Mount Read Blvd. and adjoining I-490.
The seller was represented exclusively by Jack Bent of Charter Real Estate Brokerage. The buyer was represented by Lois Harris of Nothnagle Realtors.
Tags:
Brokerage
MORE FROM Brokerage
NYSCAR June 2026 president’s message - by Mercedes Brien
As I write this letter, we are preparing to be at the Annual Conference being held at the Rivers Casino, Schenectady, New York. I look forward to reporting on the conference in my next letter. We have some great courses coming up via Zoom. Please be sure to keep watch on upcoming courses by visiting nyscar.org/resources and tools/professional development.
Columns and Thought Leadership
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
