News: Brokerage

Edelkopf of EPIC secures sale of 171 Bath 17th Street for $3.4 million

EPIC Commercial Realty arranged the sale of our exclusive listing on 171 Bay 17th St. The four-story mixed-use building is situated on the Southeast corner of Bay 17th St. and Bath Ave. The building, which is fully occupied, houses 18 apartments, Nicky's Pizzeria and Tanjia Café & Bar, as well as a fully finished basement. "Through our outstanding marketing tactics, we were able to have the property in contract in record time. It was priced competitively and ended up selling for $100,000 more than the asking price. This goes to show the high demand for investors in this neighborhood," said Yona Edelkopf, CEO. Bensonhurst is an ethnically diverse neighborhood known for its strong Italian-American roots. 171 Bay 17th St. is found in the Bath Beach section of the large neighborhood, just three blocks from the 18th Ave. D train station and two blocks off of the Belt Parkway. Geographically, the neighborhood is found in the southwest section of Brooklyn, not far from the Verrazano Bridge and Gravesend Bay. 171 Bath 17th St. sold for $3.4 million by EPIC Commercial Realty's Edelkopf.
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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
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

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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,

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

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