News: Brokerage

Aziz and Yaghoubi of City Prime Realty handle $3.5 million sale of 227 East 89th Street

Jonathan Aziz, VP of investment sales, and Eli Yaghoubi, senior associate, of City Prime Realty represented both the buyer and seller in the sale of 227 East 89th St., an Upper East Side five-story walk-up apartment building. The 20-unit property sold for $3.5 million. "We were able to achieve a high rent multiple due to the low rents and prime location of the building," said Yaghoubi. City Prime Realty has grown to become one of the most successful real estate brokers in the city. Their company consists of well trained sales associates with a support staff united through shared ideals of professionalism. They are committed to personal attention and details. Their well-versed philosophy of caring service adheres to their company's code of ethics. Their knowledge of the local neighborhoods, as well as unequaled skills in the art of marketing and negotiations equals proven results. Their agents continually take advantage of their education and training programs. Their website, cityprimrealty.com coupled with the power of numerous other websites presents their portfolio of rentals/sales listings to a worldwide audience. The combination of technology and personal service creates a platform for effective rentals/sales searches resulting in the most qualified renters/buyers.
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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
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,