News: Brokerage

Bent of Charter reps. seller in $1.3m sale of 80,000 s/f distribution center

The Maple St. Business Center located in the downtown industrial section recently sold for $1.3 million. The buyer is Robert Sarfaty, owner of Mr. Tow, a downtown towing company. Sarfaty plans to build a 20,000 s/f building at the back of the parcel, next to I-490. The center's tenants are: Crystal Rock Springwater, National Vacuum Corp., Certified Documents Destruction & Recycling, Inc., and Look Outdoor Advertising, LLC. The center is located within a designated New York Empire Zone on 7.47 acres on Maple St. intersecting with Mount Read Blvd. and adjoining I-490. The seller was represented exclusively by Jack Bent of Charter Real Estate Brokerage. The buyer was represented by Lois Harris of Nothnagle Realtors.
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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
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,

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Strategic pause - by Shallini Mehra and Chirag Doshi

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