New York City

Halstead Property rebrands as Halstead

New York, NY Halstead Property, a leading residential real estate brokerage firm in the New York metropolitan area, today announced a corpor...

Schechtman and Himelblau-Denman of Meridian Investment Sales chosen to market sale of four-story mixed-use property

New York, NY Meridian Investment Sales, the commercial property sales division of Meridian Capital Group, will present exclusively for sale ...

Epstein of HSP Real Estate arranges 2,526 s/f lease for Indiewalls

Manhattan, NY Howard Epstein, director/leasing, HSP Real Estate Group, a member of NAI Global, has arranged a lease at 16 West 36th St. for ...

Executive of the Month: Edery, founder & managing partner of Paradigm Commercial Real Estate – Enjoys hockey and Talmudic/ancient Judaic Law

New York, NY The New York Real Estate Journal recently sat down with its executive of the month, Michael Edery, founder & managing member of Paradigm Commercial Real Estate LLC, for a question and answer session.

Marcus & Millichap brokers four Brooklyn deals totaling $6.25 million

Brooklyn, NY According to John Horowitz, VP - regional manager of Marcus & Millichap’s Brooklyn office, the firm has completed four deals totaling $6.25 million.

Clifford and Barrett of Cushman & Wakefield arrange $12.8 million Gowanus sale

Brooklyn, NY Cushman & Wakefield has arranged the sale of 80 4th St., a 180’ x 107.67’ lot improved by a 17,942 s/f, single-story, brick warehouse located in the Gowanus neighborhood. The final closing price was $12.8 million, equating to $713.40 per s/f and $300,000 above the original asking price.

Jungreis and Khakshoor of Rosewood complete $14.05 million sale of two-building apartment portfolio

Manhattan, NY Rosewood Realty Group has arranged the $14.05 million sale of a two-building portfolio in Manhattan Valley. The two five-story, mixed-use buildings at 943 and 973 Columbus Ave., feature 36 apartments and four retail stores that include a grooming salon, a coffee shop and a bar. Together, the buildings sold for 13.5 times the current rent roll at a 5.2% cap rate. Combined the buildings are 18,123 s/f. Both were built in 1910.

Cosentino, Bijou and Satanovsky of TerraCRG handle $2.7 million sale

Brooklyn, NY TerraCRG has brokered the sale of 1271 Willoughby Ave., a vacant multifamily building in Bushwick. Matt Cosentino, Fred Bijou and Eric Satanovsky brokered the deal for $2.7 million. The sale price equates to $529 per s/f and $450,000/unit as the six-unit building is 5,100 gross s/f. 

For New York City real estate developers: West Chelsea air rights are all the rage - by Andre Sigourney and Amit Israni

Sales of Manhattan development sites have begun to perk up as buyers and sellers come closer to alignment. Developers are particularly fond of sites situated in the trendy, tech-heavy neighborhood of Chelsea, with the recently-approved pricing of air rights on its west side bound to bolster their demand even further. 

Spring is here! The Real Property Income & Expense filing is due on June 1st - by Peter Blond

While spring seemingly has not arrived locally, it usually brings real estate tax assessment responsibility via the legally mandatory Real Property Income & Expense (RPIE) filing due each June 1st.