News:
Brokerage
Posted: September 6, 2016
Black of Horvath & Tremblay brokers $675,000 sale of M&T Bank
3640 James Street - Syracuse, NYSyracuse, NY Jeremy Black of Horvath & Tremblay has brokered the sale of a free standing M&T Bank. Horvath & Tremblay represented the seller and procured the buyer to close the sale at a price of $675,000. The broker of record for the transaction was LLD Enterprises, LLC.
Horvath & Tremblay" width="125" height="160" /> Jeremy Black, Horvath & TremblayM&T Bank fully occupies the 2,500 s/f building located at 3640 James St. This is a well-established M&T Bank branch location as they have operated at this site since 1977. M&T Bank has demonstrated commitment to this location executing a lease extension through November of 2017 which includes one additional five-year renewal option. The property benefits from its visible location with frontage along James St. in the Eastwood neighborhood.
This densely populated area boasts a population base of over 191,000 within a five-mile radius. Located close to M&T Bank are national tenants including Friendly’s, Wegmans, Walgreens, Wendy’s, Dollar General, Papa John’s and Dunkin’ Donuts.
M&T Bank Corp. had $123 billion in assets as of December 31, 2015 and is one of the 20 largest commercial bank holding companies in the U.S.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.
Tags:
Brokerage
MORE FROM Brokerage
Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence
New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
Quick Hits
Columns and Thought Leadership
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
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
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,
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,
