News:
Brokerage
Posted: October 16, 2018
Dayan and Ben-Dayan of HSP negotiate $3.315 million sale
Manhattan, NY Jonata Dayan, executive vice president-condo/co-op sales, and Jonathan Ben-Dayan, director/leasing of HSP Real Estate Group, a member of NAI Global, have arranged the sale of an office co-op at 450 West 31st St. to an online travel agency and global air travel consolidator. Dayan and Ben-Dayan represented the seller, British photographer James Galloway, for the 3,985 s/f, partial ninth floor office, which sold for $3.315 million. This was the fifth HSP deal at the building in the past year, which included four co-op sales and one lease.
“This is a highly desirable building ideally situated on the corner of West 31st St. and 10th Ave., easily accessible to transportation and surrounded by great light and air,” said Dayan. “In addition, the units offer 15 ft. high ceilings and oversized windows. It was one of the reasons the 9th floor was such a great space for a photography studio for over 20 years.”
Galloway, who bought the unit in 1996, put it on the market with Dayan and Ben-Dayan after his former tenant, Good Light Studio relocated to Chicago. The buyer was represented by Kartik Desai, president & CEO, Tamarkin Co.
Dayan and Ben-Dayan are currently marketing a 3,930 s/f unit in the building for lease.
Tags:
Brokerage
MORE FROM Brokerage
AmTrustRE secures 5,754 s/f lease with GKV Architects at 360 Lexington Avenue
Manhattan, NY AmTrustRE has executed a 5,754 s/f lease at its premier boutique Midtown East office tower, 360 Lexington Ave., with longtime partner GKV Architects. The award-winning firm will occupy a portion of the 14th floor. >“GKV Architects has been a trusted partner to AmTrustRE for over two decades, playing an integral role in shaping and elevating several
Columns and Thought Leadership
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,
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
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
