News: Brokerage

Ezratty, Gutoff, Rogovin and Kalish of Eastern Consolidated complete $16.75m sale

The Canterbury, a 49-unit 42,186 s/f renovated Beaux Arts elevatored apartment building on 204 West 108th St., has traded for $16.75 million. Eastern Consolidated's vice chairman Brian Ezratty, together with senior directors Deborah Gutoff and Ronda Rogovin represented the seller, IGPF Canterbury LLC, while Eastern's director David Kalish procured the buyer, L.M. 204 W. 108 LLC. The attorneys were Ross Gillman, Esq., of Goodwin Procter LLP, for the seller and Richard Adelman, Esq., of Cutler Minikes and Adelman, LLP for the buyer.
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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,

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
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,