News: Brokerage

Conley, Hathaway, Brower and Salvetti of Pyramid Brokerage Company handle four deals

Pyramid Brokerage Company recently completed the following transactions: * Michael Conley of Pyramid represented the seller, Isabel Nackley in the investment sale of a 4,484 s/f apartment building located at 2400 Genesee St. The property sold to Dominick Vettere for $150,000. * The 5,109 s/f commercial building located at 325 Bleecker St. recently sold. Carpenters Local 747 sold the property to Frank Cortrupe for $76,000. Anthony Hathaway and Rick Brower of Pyramid brokered the sale. * The former Knights of Columbus building, located at 7751 Merrick St., Rome, NY, recently sold. James Thomas Sprock, purchased the 8,828 s/f building for $225,000. Anthony Hathaway, Lee Salvetti and Brower of Pyramid brokered the sale. * Tektronix recently leased 10,728 s/f of office space located at 428 Phoenix Dr., Rome. Hathaway and Brower of Pyramid represented the tenant in this lease.
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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.
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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

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