News:
Brokerage
Posted: April 7, 2014
Bucci of The Sutton Companies completes two sales totaling $1.304 million; Including sale of the Sylvester for $689,000
Andréa Bucci, real estate salesperson of The Sutton Companies, completed the following two sales totaling $1.304 million:
* The Sylvester, located at 900 East Fayette St., was sold for $689,000 as a cash deal. The seller was Sylvia Norton and the buyer was East Fayette Group, LLC.
The property is well-situated to serve Syracuse University students and a growing business community in being near the Connective Corridor.
* 101 Ostrom Ave. closed for $615,000. The property consists of 4 units and 15 beds for Syracuse University student housing.
The buyer was TJMG, LLC and the deal was financed by Empower Federal Credit Union.
Sutton has served the commercial real estate needs of Upstate New York since 1933. An expert team in all specialties of commercial work and property management experience ground Sutton in realistic solutions with lasting value for its clients.
Tags:
Brokerage
MORE FROM Brokerage
Liberow and Benshar of Asset CRG Advisors arrange $18.1 million ground lease transaction for 358 Flatbush Ave. development site
Brooklyn, NY Asset CRG Advisors recently facilitated the disposition of 358 Flatbush Ave., a Brooklyn development site situated at the intersection of Park Slope and Prospect Heights overlooking Grand Army Plaza and Prospect Park.
Columns and Thought Leadership
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,
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
