News: Owners Developers & Managers

Cooper Square Realty to manage 14-unit Machinery Exchange

Cooper Square Realty is managing the Machinery Exchange, a Downtown luxury loft building. The company's new development group worked with the developer in the planning and pre-opening phases. The seven-story, 14-unit condominium at Baxter and Hester Sts. was built as a stable for the New York City Police Department in the 19th Century and then converted to a warehouse for machine and tool vendors. The new development group, under the leadership of Cooper Square vice president Marc Kotler, specializes in assisting developers of new residential buildings and conversions by providing consulting services during the planning phases, preparing the property for occupancy and then serving as property manager. To date it has been involved with more than a dozen Downtown properties.
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New York State Homes and Community Renewal finish $32 million affordable development

Union, NY New York State Homes and Community Renewal commissioner RuthAnne Visnauskas have completed the Homesteads on Grand, a $32 million, 72-unit mixed-use affordable and supportive development in Johnson City, Broome County.
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New York City’s historic rent freeze now rests with the courts - by Ron Cohen

New York City’s historic rent freeze now rests with the courts - by Ron Cohen

New York City’s first-ever two-year rent freeze is now in the hands of a state Supreme Court judge, and the decision could reset income for owners of roughly one million rent-stabilized apartments housing some 2.4 million residents.
Hunt Commercial Real Estate Q&A:  Location, location, location? - by David Hunt

Hunt Commercial Real Estate Q&A: Location, location, location? - by David Hunt

In working with our clients, we break down our search objectives into two categories. The first category involves the specific needs of your business such as warehouse height, amount of office space and number of loading
NYC's Community Opportunity to Purchase Act is back - and multifamily owners should pay attention - by  Ron Cohen

NYC's Community Opportunity to Purchase Act is back - and multifamily owners should pay attention - by Ron Cohen

New York City’s Community Opportunity to Purchase Act (COPA) is back, and this latest version could have a much better chance of becoming law. The proposal would give qualified nonprofit organizations
Don’t leave severance damages behind - by Sebastian Jablonski

Don’t leave severance damages behind - by Sebastian Jablonski

When the government takes a portion of a landowner’s property, most assume just compensation stops at the value of the land taken. However, in partial takings, that is only half of the equation.