News: Brokerage

Friedman-Roth Realty completes two sales totaling $8.765 million

Friedman-Roth Realty Services has completed two sales totaling $8.765 million. The deals include the following: * 267 East 10th St. was sold for a purchase price of $3.365 million. The property is a five-story walk-up apartment building with 18 apartments and one retail store. The property is 25 feet wide and consists of 8,100 s/f. The transaction was a joint effort between George Niblock, of Friedman-Roth Realty, who represented the buyer and Michael Edery of Paradigm Commercial Real Estate, who represented the seller. * 91 Fort Washington Ave. (645-657 East 162nd St.) was sold for a purchase price of $5.4 million. The corner property is a six-story elevator apartment building with 43 residential apartments. The property consists of 60,414 s/f and was originally constructed in 1920. Giuseppe Inglese from Friedman-Roth Realty Services represented the purchaser and Amit Doshi of Besen & Associates represented the seller.
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REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
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Columns and Thought Leadership
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.
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
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