Besen & Associates
News:
Brokerage
Posted: August 15, 2017
Doshi and Mehra of Besen & Associates broker $3.65 million sale
Besen & Associates
Besen & Associates
Bronx, NY Amit Doshi and Shallini Mehra of Besen & Associates have completed the sale of 151 Bruckner Blvd., in the Port Morris neighborhood.
This five-story corner building consists of 12 apartments and four stores. The property is situated at the northeast corner of St. Ann’s Ave. and Bruckner Blvd.
The property was purchased by a group led by Steven Satz (151 Realty LLC) who beat out four other competing bids. “We had multiple buyers interested in purchasing this asset, especially because of the retail component,” said Mehra. “The inflow of new residential development, neighborhood improvements and convenient transportation will continue to attract residents for the long-term.”
The property is just a few blocks from the bustling retail and shopping district on East 138th Street, aka “The Hub” and offers access to New York City via [6] subway station at Cypress Ave. “This stretch of Bruckner will grow into a prime retail corridor in SoBro,” Mehra said.
Tags:
Brokerage
MORE FROM Brokerage
Berger and Koicim of Marcus & Millichap sell 17-unit multi-family for $8.8 million
Manhattan, NY Marcus & Millichap negotiated the sale of 207 E. Fourth St., a 17-unit mixed-use multi-family property the East Village. The asset sold for $8.8 million. “This transaction underscores
.jpg)
.gif)
Columns and Thought Leadership
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian
Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
AI comes to public relations, but be cautious, experts say - by Harry Zlokower
Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Strategic pause - by Shallini Mehra and Chirag Doshi
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
.gif)