Angelo Del Guercio of Itzhaki Properties closed the sale of 341 Lexington Ave. Located in Murray Hill, this 3,800 s/f, four-story, walk-up building consisting of ground floor retail and five apartments, sold for $5 million, a 4.4% cap with significant upside. Del Guercio, director of investment sales at Itzhaki, represented the seller and buyer of the property, both private investors.
Manhattan, NY Investment Property Realty Group (IPRG) closed the sale of 120 Forsyth St., a mixed-use building located in the Lower East Side section of the city, for $1.35 million.
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
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.
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
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing