News: Brokerage

Doe Fund receives $50,000 from Sterling National Bank for computer literacy program

Bronx, NY The Doe Fund received a $50,000 donation from Sterling National Bank, which will go to supporting the nonprofit’s computer skills classes. These provide basic computer literacy training to people who have experienced homelessness and incarceration.

The classes are part of the organization’s larger Ready, Willing & Able reentry program, which provides paid work, career training, housing, and comprehensive supportive services. Learning computer skills is essential to addressing the stark digital divide that often bars marginalized populations from gainful employment—especially as job applications, interviews, and work itself has shifted online during the pandemic.

The donation will also provide upgrades to the organization’s digital infrastructure, including new desktops and laptops in computer labs, tablets for trainees in its Culinary Arts career track and Community Improvement Project, GPSes for drivers in its Transportation career track, and a new digital infrastructure for security staff.

“Sterling National Bank has been the ideal partner. Their support ensures at this incredibly timely moment that the people we serve are successful in the post-pandemic workforce, and can build brighter futures for themselves and their children. Work works, and Sterling National Bank understands that,” said The Doe Fund president Harriet Karr-McDonald.

Ready, Willing & Able participants begin the program by working on cleaning crews across 115 miles of NYC streets daily before transitioning to career training tracks. Ready, Willing & Able participants also receive housing, adult education, and comprehensive social services.

The announcement was made at The Doe Fund’s soon-to-be-completed Joseph A. Muller Residence, for which Sterling National Bank was a significant funder. Located at the site of a former Army Reserve center that built gyroscopes for torpedoes and missiles, the Muller Residence will provide 90 units of affordable and supportive housing, with 54 reserved specifically for veterans. The residence will include amenities including a laundry room, an exercise room, facilities for supportive services, and community spaces.

MORE FROM Brokerage

NYSCAR June 2026 president’s message - by Mercedes Brien

As I write this letter, we are preparing to be at the Annual Conference being held at the Rivers Casino, Schenectady, New York. I look forward to reporting on the conference in my next letter. We have some great courses coming up via Zoom. Please be sure to keep watch on upcoming courses by visiting nyscar.org/resources and tools/professional development.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

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.
A fresh start - by Shallini Mehra and Amit Doshi

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
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

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,

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

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