News: Brokerage

Friedman-Roth Realty completes three sales totaling $6.245 million

Friedman-Roth Realty Services LLC has brokered three sales totaling $6.245 million. The deals include: * The sale of 1300 Sterling Place. Located in Crown Heights, the three-story building is comprised of six residential units and was sold for a purchase price of $560,000. George Niblock, a managing member of Friedman-Roth, represented the buyer and seller. * The sale of 1035-1049 Morris Park Ave., Bronx. The two-story mixed-use building, of 10,000 s/f, is comprised of seven retail stores and four residential apartments. The property was sold for $2.65 million. Giuseppe Inglese, of Friedman-Roth, represented the buyer and seller. * The sale of 368 Eighth Ave. Located near the corner of West 28th St., the building is comprised of a 23-room SRO as well as a brand new 7-Eleven store. The property, which was sold for $3.035 million, traded at a 5% cap rate and $500 per s/f. The purchaser closed title to the property within two weeks from the date of contract execution. Jim Mann, an associate broker at Friedman-Roth, represented the purchaser.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

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
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
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,