News: Brokerage

Aronov of Alpha Realty brokers $5.165 million sale with Besen & Associates

Jacob Aronov, Alpha Realty Jacob Aronov, Alpha Realty

Brooklyn, NY According to Alpha Realty, the company recently completed the sale of 957 Utica Ave. in the East Flatbush neighborhood for $5.165 million. Jacob Aronov, the managing director of Alpha Realty, along with a team of brokers from Besen & Associates, represented the buyer and the seller in this transaction.

957 Utica Ave. is a three story building built in 2007, consisting of 18 apartments, 5 stores and 26 parking spaces in the rear of the building.

This property is located one block away from the Church Ave. retail corridor.

“Investors are flocking to East Flatbush as it transforms, proving to be a great investment the past several years,” said Jacob Aronov.

957 Utica Avenue - Brooklyn, NY 957 Utica Avenue - Brooklyn, NY
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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 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.