News: Brokerage

EVO Real Estate Group principals buy 12,000 s/f retail condo

Nathan Halegua, Ira Fishman, Joshua Halegua and Dana Moskowitz, the principals of EVO Real Estate Group, have purchased a retail condo of 12,000 s/f consisting of five restaurants at 132 Mulberry St., between Grand and Hester Sts. in Little Italy, according to Fishman, who serves as EVO's CEO. Mulberry St. is the home of Feast of San Gennaro, a community celebration of faith and food held annually since 1926. The EVO partners purchased the condo from SK Mulberry and are syndicating its ownership for their investors under an entity known as 132 Mulberry Partners LLC. EVO has served as leasing and managing agent for the property since 2001 and will continue in that role. The restaurants that occupy the premises are Pellegrino's, Paesano, La Nonna and Umberto's Clam House. "We have always felt that retail is a critical component of our property portfolio and our long-term strategy," said Fishman. "And this particular location is exceptional. It's in the center of an historic neighborhood that plays a prominent role in the city's culture and attracts extensive pedestrian traffic. The tenants at 132 Mulberry are doing very well." One space is available there, Fishman said, containing 1,300 s/f and offering 25 ft. of frontage. For more information, please visit http://evo-re.com/listings/.
MORE FROM Brokerage

Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence

New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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,

Strategic pause - by Shallini Mehra and Chirag Doshi

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
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

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,
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