News: Brokerage

Fotis, Felson and Hollingsworth of Marcus & Millichap broker $4.3 million sale

Marcus & Millichap Real Estate Investment Services, arranged the sale of 332 Keap St., a 40,300 s/f, 54-unit mixed-use property, according to J.D Parker, regional manager of the firm's area office. The asset commanded a sales price of $4.3 million which amounts to $106.70 per s/f and a cap rate of 5.55%. Matt Fotis and Zachary Felson, senior associates at Marcus & Millichap, exclusively represented the seller, an estate. The buyer, a private investor, was secured and represented by Fotis, Felson and Jeb Hollingsworth of Marcus & Millichap. "Through our strong network of qualified brokers in the NYC area we were able to generate over 20 offers on this property. The major difficulty in selling 332 Keap St was the lack of financing available for the building due to a very high expense ratio. Ultimately, we were able to find a buyer who closed in under 60 days with no bank involvement," said Fotis.
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SABRE coordinates sale of six properties totaling 199,845 s/f

Huntington, NY SABRE Real Estate Advisors has completed the sale of six commercial properties across Long Island and Northern New Jersey, further underscoring the firm’s strength as a trusted partner in complex real estate transactions. The deals were led by executive vice presidents Jimmy Aug and Stu Fagen, whose combined expertise continues to drive exceptional results for clients across the region.
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Columns and Thought Leadership
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

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.
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
Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

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