News: Brokerage

Friedman-Roth Realty Services completes five sales totaling $14.85 million; Includes $5.85 million by Mann & Niblock, $4.5 million by Jakobowitch

New York, NY Friedman-Roth Realty Services has completed the following transactions:

• The sale of a mixed-use property located at 230 East 53rd St. Located between Second Ave. and Third Ave., the building is a four-story walk-up with retail on the first two floors. The property sold for $5.85 million. Jim Mann and George Niblock were the Friedman-Roth brokers.

• The sale of a Bronx commercial building located at 1877 Webster Ave. The building is a mix of office and retail tenants. The three-story building has a total of 34,500 s/f. The property sold for $4.5 million. David Jakobowitch represented the buyer and seller. 

• The sale of a development site in the Mott Haven section of the Bronx, located at 532 East 142nd St. The property will feature 15 residential units with 13,000 net rentable s/f, in a four-story building. The property sold for $1.8 million. Jakobowitch represented the buyer and seller.

• The sale of a Bronx apartment building located at 446 East 179th St. Located in the Tremont section and sitting between Park Ave. and Washington Ave., the four-story building has eight residential units and is comprised of 8,712 s/f. The property sold for $850,000. Giuseppe Inglese represented the seller while the purchaser was procured by Mann.

• The sale of a Park Slope residential apartment building located at 337 Second St. The building, located between Fourth Ave. and Fifth Ave., has six apartments in a three-story building and is comprised of 4,445 s/f. The property sold for $1.85 million. Richard Guarino representein this transaction. 

1877 Webster Avenue - Bronx, NY 1877 Webster Avenue - Bronx, NY
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

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.
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

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
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
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

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,