News: Brokerage

DeJure Wilson of Pyramid Brokerage Co. brokers $350,000 sale of two vacant properties

Maureen DeJure Wilson, Pyramid Brokerage Co. – Binghamton Maureen DeJure Wilson, Pyramid Brokerage Co. – Binghamton

Johnson City, NY Maureen DeJure Wilson of Pyramid Brokerage Company–Binghamton, brokered the sale of two historic Endicott Johnson manufacturing buildings located at 135-139 Baldwin St. The sales price was $350,000.

Century Sunrise Redevelopment will be an adaptive reuse of these two historic buildings, creating 104 residential rental units, available to individuals and families at multiple income bands from market rate to affordable rent levels, and a 3,500 s/f commercial space. Regan Development Corp. will oversee all aspects of the development operation of the project, which will create 140 construction period jobs and 18-23 permanent jobs. The projected redevelopment cost is $29 million.

The 2.38 acre site is adjacent to Binghamton University’s Pharmacy school site and close to UHS Hospital. The development will anchor the revitalization of the surrounding neighborhood.

135-139 Baldwin Street - Johnson City, N.Y. 135-139 Baldwin Street - Johnson City, N.Y.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

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
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

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.
The art of investing in real estate - by Thomas Donovan

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
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

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