News:
Brokerage
Posted: September 4, 2018
Darouvar of Venture Capital is sole broker in $4 million sale
East Harlem, NY According to Venture Capital Properties, a 10-unit multifamily property at 105 East 122nd St. sold for $4 million.
The property is a five-story walk-up on 122nd St. between Park and Lexington spanning 10,225 s/f. The building is 90% free market and is fully occupied.
Kevin Darouvar of Venture Capital represented the seller, Adonis Mallios, as well as the buyer, Maurice Kohan, local real estate investor.
The buyer plans to renovate the free market units and hold the asset long-term.
This is the 4th building that Darouvar has sold for the seller on an exclusive basis in the last 22 months.
Tags:
Brokerage
MORE FROM Brokerage
Silverstein Properties bringing Heisman Trophy to 120 Broadway
Manhattan, NY The Heisman Trophy is coming to 120 Broadway. Silverstein Properties negotiated a new office lease with Heisman, keeper of the fabled trophy. The charitable organization
Columns and Thought Leadership
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt
First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
The art of investing in real estate - by Thomas Donovan
Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
.gif)