Frank and Michael Rao of NYCRG broker three leases totaling 18,650 s/f; Also completes the $1 million sale of a 6,400 s/f office building
Frank and Michael Rao of New York Commercial Real Estate Group (NYCRG) have completed three leases totaling 18,650 s/f and a $1 million sale. The deals include:
* 800 Westchester Ave., Rye Brook: NYCRG represented the tenant, Precision Valve Corp,. in a long-term office lease for 7,250 s/f. The landlord was represented by Cushman & Wakefield.
* 56 Harrison St., New Rochelle: NYCRG represented the tenant, The Wartburg Group, in an office lease for 4,000 s/f and was the sole broker.
* 75 Calvert St., Harrison: NYCRG represented the tenant, Interstate Fire & Safety, in a long-term flex lease for 7,400 s/f. Scott Benson of Benson Commercial Realty represented the landlord.
* 109 Spencer Pl., Mamaroneck: NYCRG represented the buyer in all-cash transaction for $1 million. The property is a 6,400 s/f office building. The seller was represented by Gerry Houlihan of Houlihan O'Malley.
Manhattan, NY GFP Real Estate closed three office leasing transactions totaling 9,952 s/f at 322 Eighth Ave. in Chelsea, highlighting continued leasing momentum at the recently repositioned office
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
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.
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their