News:
Brokerage
Posted: May 15, 2018
ABS Partners Real Estate holds luncheon at 145 East 57th Street
partner, ABS; John Brod, partner, ABS, Gale Brewer, Manhattan
borough president; and Alex Kaskel, managing director, ABS.
New York, NY ABS Partners Real Estate hosted many of the industry’s top real estate executives at 145 East 57th St. for an invitation-only luncheon to hear Manhattan borough president Gale Brewer share her views on the Midtown East Rezoning and what it means for Manhattan and the city as a whole, as well as its effect on brokers and the marketplace. ABS gave away $3,500 worth of prizes. The borough president is involved in everything that happens on the island of Manhattan — from changes in street fair regulations, to the economic impact of vacant storefronts, improvements to the subway system and NYCHA housing, construction safety, fare increases, and so much more. Owned by ABS, and Benenson Investment Co., 145 East 57th St. is a 12-story, 64,000 s/f “curated” office property located along Billionaires’ Row between Lexington and Third Aves.
The three remaining high-quality prebuilt floors are in move-in condition and available for immediate occupancy, either furnished or unfurnished.
Tags:
Brokerage
MORE FROM Brokerage
Marcus & Millichap brokers $16.25 million sale of Ponce Bank flagship headquarters in the Bronx
Bronx, NY Marcus & Millichap negotiated the sale of a net-leased bank property occupied by Ponce Bank. The asset sold for $16.25 million. “This property drew tremendous interest as it was a
Quick Hits
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 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
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.