News: Brokerage

Bucci of Sutton Real Estate brokers $3.28 million in apartment sales

Andréa Bucci, Sutton Companies Andréa Bucci, Sutton Companies
Syracuse, NY Andrea Bucci of Sutton Real Estate brokered the following sales totaling $3.28 million: The sale of a Syracuse University Student Housing property for $380,000. The seller was SHCP2, LLC and the buyer was Robert Perry. Financing was provided by The Community Preservation Corp. The property is located at 301 Nottingham Rd. Bucci also brokered the sale of North Colony and Park Lane Apartment buildings consisting of 68 units for $2.9 million. North Colony Townhouses, located at 202 N Main St., are comprised of 20 two-bedroom/1.5 baths. Park Lane Apartments, located at 208 N Main St., are comprised of 48 units.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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,
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
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,