News: Brokerage

Friedman-Roth Realty closes Manhattan and Brooklyn deals totaling $13.04 million

Commercial real estate brokerage firm Friedman-Roth Realty Services arranged the following recent sales in Manhattan and Brooklyn totaling $13.04 million: * The sale of two adjacent four-story Midtown East walk-up buildings at 988 Second Ave. and 990 Second Ave. (between East 52nd and 53th St.) for $11.1 million. Jim Mann and Lily Ren of Friedman-Roth represented the private investor buyers and Richard Libbey of M.A. Salazar represented the sellers. Together, the 40-ft.-wide triple-net leased property features five residential apartments and a neighborhood sushi restaurant. This is the first sale of the 9,180 s/f mixed-use property since 1956, according to Mann. * In Brooklyn, the sale of a 7718 Fifth Ave. in Sunset Park for $990,000.The three story mixed-use building contains two residential units and a ground floor retail space that was delivered vacant at closing. Friedman-Roth managing partner George Niblock represented the seller and Ren represented the buyer. * In Manhattan, the sale of 422 West 160th St. in Washington Heights for $950,000. The four-unit brownstone contains 2,804 s/f of residential space. Friedman-Roth's Richard Guarino represented the seller and David Gerstel represented the buyer.
MORE FROM Brokerage

Berger and Koicim of Marcus & Millichap sell 17-unit multi-family for $8.8 million

Manhattan, NY Marcus & Millichap negotiated the sale of 207 E. Fourth St., a 17-unit mixed-use multi-family property the East Village. The asset sold for $8.8 million. “This transaction underscores
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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,
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
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.