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
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account