News: Brokerage

Andreoli of Massey Knakal to market 249 East 57th Street

Massey Knakal Retail Leasing Services has been retained to secure a tenant for a retail space at 249 East 57th St. The space is located between Second and Third Aves. in the Midtown East neighborhood. The space contains approximately 1,405 s/f on the ground floor with 10-ft. ceilings. It features approximately 14 ft. of highly visible frontage along 57th St. The space was formerly occupied by a furniture store but all uses will be considered. Located on the Eastern end of "Billionaire's Row" in the Design District, the property is in proximity to multiple new developments, including the recently opened Whole Foods and a luxury residential tower at 252 East 57th St. Neighboring tenants include Duane Reade, BoConcept, Lillian Nassau, TD Bank, Roche Bobois, Decorfin, and the Pita Grill. "57th St. is quickly becoming one of the most desirable retail areas in the city due to the high-end residential development along the entire corridor. This is an opportunity for the right business to take advantage of an open space in a great location," said Massey Knakal's Anthony Andreoli, who is exclusively marketing this space.
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Ariel Property Advisors arranges $45 million sale of four building affordable housing portfolio

Manhattan, NY Ariel Property Advisors (Ariel) brokered the $45 million sale of Hudson View II & III, a four-building affordable housing portfolio in the upper borough’s Hamilton Heights neighborhood. The portfolio includes 520 West 145th St., 528 West 145th St., 1704 Amsterdam Ave. and 502-504 West 145th St. Together, the properties comprise 129 Project-Based Section 8 residential units, and 11 retail units located along 200 ft.
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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
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,