News:
Brokerage
Posted: May 26, 2015
Edelkopf, Ustoyev, Sejdi and Peyser of EPIC secure $4.1 million sale; Stabler of Rivington Co. purchased the property
EPIC Commercial Realty arranged the sale of 7-13 Knickerbocker Ave., a single-story commercial building in East Williamsburg. The current structure houses two tenants who are using the building as warehouse space.
"East Williamsburg is known for its industrial buildings; the property has an M1-2 zoning allowing for 19,700 s/f of development rights. The building is currently income producing with short-term leases, which is what appealed to our buyer," said Yona Edelkopf, CEO of EPIC.
Travis Stabler of Rivington Company purchased the property, in an off-market transaction, for $4.1 million. Both sides of the deal were brokered by EPIC; Yuriy Ustoyev and Vlora Sejdi representing the seller and Seth Peyser and Edelkopf representing the buyer.
Tags:
Brokerage
MORE FROM Brokerage
Investment Property Realty Group sells 120 Forsyth St. for $1.35 million
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.
Quick Hits
Columns and Thought Leadership
Positive forecast for New York’s pro-housing push? - by Philip Butler
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
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.
A guide to finding the right NYC property management company - by Sanjay Gandhi
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
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
.gif)