News: Brokerage

NAI Friedland brokers 12 deals: 58,997 s/f in leases and $7.9 million in sales

NAI Friedland Realty's retail division has brokered 12 lease and sale deals. The combined deals represent 58,997 s/f in leases and $7.9 million sales. The deals include: * The $4.5 million sale of 4217 Vireo Ave. Executive VP Rick Stassa represented Our Lady of Mercy, seller, and Christ Alive Christian Church, purchaser. * The $3.4 million sale 2126 Barnes Ave. Executive VP Kathy Zamechansky and senior executive VP Ross Schneiderman represented the seller, Young Israel of Pelham Pwy. The buyer was School Construction Authority. * A 20-year lease of 10,879 s/f at 3035 White Plains Rd. Executive VP Robin Herko, executive VP Steve Lorenzo, and retail associate David Scotto represented The Arker Cos., landlord, and Key Food, tenant. * A 15-year lease of 3,700 s/f at 2996 Third Ave. Herko, Lorenzo, and Scotto brokered the deal between Related Companies, landlord and City Jeans, tenant. * A 12-year lease of 1,875 s/f at 2358-64 University Ave. Stassa represented both Jem Realty Management, landlord, and 99 Cent Discount King, tenant. *A10-year lease of 9,000 s/f at 890 Prospect Ave. for $2.85 million. Herko, Lorenzo, and Scotto represented both MSB Development, landlord, and Montefiore Medical Center, tenant. * A 10-year lease of 3,500 s/f at The Gateway Center at Bronx Terminal Market for $2.49 million. Herko, Lorenzo, and Scotto represented the tenant, Marisco Centro. Ripco Real Estate represented the landlord, The Related Cos. * A 10-year lease of 11,000 s/f at 1334 Louis Nine Blvd. for $2.25 million. Zamechansky brokered the deal between Jackson Development, landlord, and Brightside Academy, tenant. * A six-year lease of 2,200 s/f at 2013 Williamsbridge Rd. Zamechansky represented both Simone Development, landlord, and PHC Services, tenant. * A five-year lease of 2,843 s/f at the Bruckner Plaza Shopping Center. Zamechansky negotiated the deal between Vornado Realty, landlord, and Vold Consulting, tenant. * A 10-year lease of 11,000 s/f at 683 Barbey St., Brooklyn. Zamechansky represented both Jackson Development, landlord, and Brightside Academy, tenant. * A 3,000 s/f lease at 15 Leroy Pl., New Rochelle. VP Joan Simon represented both Westchester Jewish Community Services, landlord, and Second Chance Ministries Leadership Center, tenant.
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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

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.
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

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,

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

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
A fresh start - by Shallini Mehra and Amit Doshi

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