News: Brokerage

Belyi and Alafoyiannis of Greiner-Maltz complete two Astoria sales

According to Greiner-Maltz, the firm has completed the sales of 24-24 Steinway St. and 31-18 24th Ave. In early 2007, Isabella Appliance Company, an Astoria, Queens landmark with more than 50 years in business, appointed Greiner-Maltz brokers, Dmitri Belyi and Kostas Alafoyiannis as their exclusive agents in order to sell their existing 2,500 s/f store at 24-24 Steinway St. along with an additional 4,500 s/f of warehouse space at 31-18 24th Ave. A few months later, the two properties were both under contract, and have recently sold at an average price of $400 per s/f. The properties were acquired by local investors with plans to renovate and possibly expand the existing buildings. In both transactions the seller and the purchasers were represented by Greiner-Maltz senior director, Belyi and Greiner-Maltz director, Alafoyiannis.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
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
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.