News: Brokerage

Project of the Month: Mc Gowan Builders completes construction of new 52,000 s/f Lincoln Square Synagogue; Designed by CetraRuddy

Mc Gowan Builders Inc. has completed the new Lincoln Sq. Synagogue, the Upper West Side religious institution, located at 180 Amsterdam and West 68th St. Designed by architecture and interior design firm, CetraRuddy, the three-story synagogue has officially opened its doors and has already hosted its first major event in January. By 2006, the original Lincoln Sq. Synagogue at 200 Amsterdam and West 69th St. could no longer accommodate its growing congregation. This resulted in a land swap between the Synagogue and American Continental Properties, a development company that owned the land at 180 Amsterdam. Mc Gowan Bldrs. was subsequently hired to construct the facility and was involved through the project's completion. CetraRuddy designed a building that enhanced the unity of the congregation, while providing expanded space for all of the center's daily activities ranging from prayer to classes, weddings and religious celebrations. To accommodate this, the new 52,000 s/f building features three above-grade and two below-grade rooms, as well as outdoor activity areas for educational programs and holiday use. The facility also includes a 450-person sanctuary, 6,500 s/f ballroom, 160-person Beit Midrash (House of Study). CetraRuddy designed the new synagogue to reflect the Jewish tradition and convey the heart and spirituality of its congregation. Mc Gowan Bldrs. worked closely with CetraRuddy to implement the crafted details that this complex project required, including the installation of the center's 5,000 s/f façade, which features five ribbons of glass that symbolize the five books of the Torah. Additionally, the main sanctuary required mounting of 613 lights, corresponding to the number of commandments in the Torah, as well as a raked seating arrangement that promotes a feeling of equality and unity among congregants. Lincoln Sq. Synagogue is one of two synagogues that Mc Gowan Bldrs. has recently erected in New York City. The company previously built the Hebrew Institute of Riverdale, a three-story Orthodox Jewish center in the Bronx that has provided religious services for over 30 years. Mc Gowan Bldrs. also constructed the award-winning Cenacle Retreat Center and Convent in Ronkonkoma which was built using sustainable construction techniques and recycled materials.
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
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,

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
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
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.